Repair Obligations Sample Clauses

Repair Obligations. If the Premises or the Building are damaged by fire or other casualty and neither party shall terminate this Lease pursuant to the provisions of Section 13.1, then Landlord shall promptly commence and diligently prosecute Landlord’s Restoration Work, subject to commercially reasonable delays for insurance adjustments and delays caused by matters beyond Landlord’s reasonable control. Except as otherwise expressly provided in this Section, Landlord shall have no liability to Tenant, including any liability for inconvenience or annoyance or injury to the business of Tenant, resulting in any way from damage from fire or other casualty or the repair thereof. Tenant shall not be entitled to terminate this Lease if any required repairs or restoration are not in fact completed within the time period set forth in the Estimate, provided that Landlord promptly commences and diligently pursues such repairs and restoration to completion, subject to the provisions of this Article 13, and further provided that if Landlord shall fail to substantially complete Landlord’s Restoration Work within fourteen (14) months after the date on which such fire or other casualty shall have occurred (or within 120 days, in the case of fire or other casualty occurring within the last 18 months of the Term), subject to delays caused by Force Majeure and any delays caused by Tenant (“Excusable Delays”), then Tenant shall have the right, at Tenant’s option, to terminate this Lease by giving notice thereof to Landlord within ten (10) days after the expiration of said fourteen (14) month period (or 120 day period, as the case may be) and prior to the date on which Landlord shall have substantially completed Landlord’s Restoration Work, time being of the essence. In no event shall Landlord be obligated to repair, restore or replace any of the improvements, Alterations, fixtures, furnishings, equipment or personal property required to be insured by Tenant pursuant to Section 12.1; Tenant shall repair, restore or replace such improvements, Alterations, fixtures, furnishings, equipment and personal property promptly after the date of such fire or other casualty, subject to Force Majeure and commercially reasonable delays in adjusting insurance, to at least the condition existing prior to its damage, using materials at least equal to Building standard. However, in connection with the performance of Landlord’s Restoration Work, Landlord may, at its option, elect to repair and restore the damage, if...
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Repair Obligations. If the Premises or the Building are damaged by fire or other casualty and neither party terminates this Lease according to Section 10.1, then Landlord will repair and restore such damage with reasonable promptness, subject to delays for insurance adjustments and delays caused by matters beyond Landlord's control. Landlord will have no liability to Tenant and Tenant will not be entitled to terminate this Lease if such repairs and restoration are not in fact completed within the estimated time period, provided that Landlord promptly commences and diligently pursues such repairs and restoration to completion. In no event will Landlord be obligated to repair, restore or replace any of the property required to be insured by Tenant according to Section 9.2. Tenant agrees to repair, restore or replace, at its expense, all leasehold improvements required to be insured by Tenant according to Section 9.2(b) as soon as possible after the date of damage, to at least the condition existing prior to their damage, using materials at least equal to Building Standard. However, in connection with its repair and restoration of such damage, Landlord may, at its option, elect to repair and restore the damage, if any, caused to any or all of such leasehold improvements required to be insured by Tenant. If Landlord makes such election, Landlord will be entitled to all proceeds of the insurance policy described in Section 9.2(b) applicable to the leasehold improvements Landlord so elects to repair or restore and may limit its repair or restoration of such leasehold improvements to that which may be paid for in full by such proceeds.
Repair Obligations. To keep all the interior non-structural parts of the Premises including flooring and interior plaster or other finishes or rendering to walls floors and ceilings the Landlord’s fixtures and fittings therein and all additions thereto including but not limited to all doors windows electrical installations wiring ducting and piping therein in good clean tenantable and proper repair and condition and properly preserved and painted.
Repair Obligations. In the event the Leased Premises or the improvements thereon are damaged or destroyed by fire or other casualty and subject to the Leasehold Mortgagee (as defined in Article 22), if any, making any insurance proceeds available to Tenant (which Tenant shall diligently pursue with the Leasehold Mortgagee using Tenant's reasonable efforts), Tenant shall promptly and with reasonable diligence and in no event later than one hundred eighty (180) days after such fire or other casualty, commence to repair, rebuild and restore such to substantially the same condition in which they were immediately prior to the happening of such casualty (the "Restoration Work"), and continue with due diligence until completion thereof. Rent and all other amounts payable to Landlord shall not be abated or reduced as a result of fire or other casualty. Notwithstanding anything contained in this Lease to the contrary, Tenant shall not execute a Leasehold Mortgage (as defined in Article 22) of its interest in this Lease with any Leasehold Mortgagee unless such Leasehold Mortgage (i) provides that the Leasehold Mortgagee shall make all insurance proceeds available to Tenant for repair, rebuilding and/or restoration provided that Tenant is not then in default of its Leasehold Mortgage and (ii) provides that in the event that such Leasehold Mortgagee elects, pursuant to its rights under such Leasehold Mortgage, not to make insurance proceeds available for the restoration, repair or rebuilding of the improvements on the Leased Premises, then such Leasehold Mortgage shall provide that before the Leasehold Mortgage applies any such insurance proceeds against its loan balance, the Leasehold Mortgagee shall first use such portion or all such insurance proceeds as may be necessary to demolish and remove the remaining portion of the improvements from the Leased Premises to return the Leased Premises to essentially the condition that existed on the date hereof. If Tenant shall fail or refuse to commence the Restoration Work as provided above, Landlord may, at its option, (A) terminate this Lease, or (B) raze (or cause to be razed) any improvements on the Leased Premises, rough grade (or cause to be rough graded) the land on which the improvements had been built and restore (or cause to be restored) the cleared area to either a hard surface condition or a landscaped condition until a replacement building is erected, if ever, in accordance with the terms of this lease. Tenant shall reimburse Landlo...
Repair Obligations. The provisions of this Article 21 with respect to repair by Landlord shall be limited, as set forth above, to the structural elements of the Premises, and when such work in completed, the Premises shall be deemed restored and rendered tenantable, and Tenant shall restore the remainder of the Premises and Tenant's Work, replace its stock in trade, and if Tenant has closed, Tenant shall promptly reopen for business. Landlord shall make available to Tenant, to the extent of the insurance proceeds received by Landlord with respect to Landlord's Work and not otherwise used by Landlord to complete its repair of the structural elements of the Premises, sufficient funds to perform such repair as is necessary to place the Premises in the condition specified for the commencement of Tenant's Work.
Repair Obligations. If the Premises or the Building are damaged by fire or other casualty and neither party terminates this Lease according to Section 10.1, then Landlord will repair and restore such damage with reasonable promptness, subject to delays for insurance adjustments and delays caused by matters beyond Landlord's control. However, Landlord will not be required to spend more for such repair and restoration than the insurance proceeds available to Landlord as a result of the fire or other casualty. Landlord will have no liability to Tenant and Tenant will not be entitled to terminate this Lease if such repairs and restoration are not in fact completed within the estimated time period, provided that Landlord promptly commences and diligently pursues such repairs and restoration to completion. In no event will Landlord be obligated to repair, restore or replace any of the property required to be insured by Tenant according to Section 9.2.
Repair Obligations. If the Premises or the Building are damaged by fire or other casualty and neither party terminates this Lease according to Section 12.1, then Landlord will repair and restore such damage with reasonable promptness, subject to delays for insurance adjustments and delays caused by matters beyond Landlord's control. Landlord will have no liability to Tenant and Tenant will not be entitled to
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Repair Obligations. If any Material Casualty or Condemnation affecting the Facility 1 Property or any portion thereof occurs, Lessee shall, at its election, either (i) repair and restore the Facility 1 Property as required by Subparagraph 3.04(c) or (ii) exercise the Term Purchase Option and purchase the Facility 1 Property pursuant to the Purchase Agreement; provided, however, that Lessee may not elect to repair and restore the Facility 1 Property if such casualty or condemnation is a Major Casualty or Major Condemnation or if an Event of Default has occurred and is continuing unless Lessor and the Required Participants shall consent in writing. (If such casualty or condemnation is a Major Casualty or Major Condemnation, Lessee shall exercise the Term Purchase Option and purchase the Facility 1 Property pursuant to the Purchase Agreement as promptly as possible but not later than two (2) months after the occurrence of such Major Casualty or Major Condemnation, unless Lessor and the Required Participants shall otherwise consent in writing. If an Event of Default has occurred and is continuing, Lessor Parties may exercise the rights provided herein.) Not later than one (1) month after the occurrence of any Material Casualty or any Condemnation, Lessee shall deliver to Lessor a written notice indicating whether it elects to repair and restore or purchase the Facility 1 Property.
Repair Obligations. If the Premises or the Building are damaged by fire or other casualty and neither party terminates this Lease according to Section 10.1, then Landlord will repair and restore such damage with reasonable promptness, subject to delays for insurance adjustments and delays caused by matters beyond Landlord's control. However, Landlord will not be required to spend more for such repair and restoration than the insurance proceeds available to Landlord as a result of the fire or other casualty. To the extent Tenant is responsible for insuring Leasehold Improvements, Equipment, and Tenant's inventory and stock-in-trade, Tenant agrees, promptly upon notice from Landlord that Landlord is repairing the Premises or the Building, to file such claims and pursue such repairs to the Premises in order to rebuild the Leasehold Improvements and Equipment to reopen Tenant's business within 20 days after the completion of Landlord's repairs. Landlord will have no liability to Tenant and Tenant will not be entitled to terminate this Lease if Landlord's repairs and restoration are not in fact completed within the estimated time period, provided that Landlord promptly commences and diligently pursues such repairs and restoration to completion. In no event will Landlord be obligated to repair, restore or replace any of the property required to be insured by Tenant according to Section 9.2.
Repair Obligations. If the Premises or the Building are damaged by fire or other casualty and neither party (a) has the right to terminate this Lease according to Section 12.2, or (b) terminates this Lease according to Section 12.2, then Landlord will repair and restore such damage with reasonable promptness, subject to delays for insurance adjustments and delays caused by Force Majeure or delays caused by Tenant. Except as set forth below, Landlord will have no liability to Tenant and Tenant will not be entitled to terminate this Lease if such repairs and restoration are completed within the estimated time period indicated in the Repair Estimate or within thirty (30) days thereafter; however, if the repairs or restoration are not completed within thirty (30) days following the end of the estimated time period (subject to Force Majeure and delays caused by Tenant), Tenant shall have the option to terminate this Lease. In no event will Landlord be obligated to repair, restore or replace any of the property required to be insured by Tenant according to Section 11.2.
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