Common use of Restoration Following Casualties Clause in Contracts

Restoration Following Casualties. If, during the Term, the Building or the Premises shall be damaged by fire or casualty, subject to the exceptions and limitations provided below, the Landlord shall proceed promptly to exercise diligent efforts to restore, or cause to be restored, the Building and the core and shell of the Premises (excluding alterations, improvements and betterments and the property which Tenant is obligated to insure under the Lease), as the case may be, to substantially the condition thereof just prior to time of such damage, but the Landlord shall not be responsible for delay in such restoration which may result from External Causes or due to any act, failure to act or neglect of Tenant or Tenant’s servants, agents, employees or licensees. The Landlord shall have no obligation to expend in the reconstruction of the Building more than the actual amount of insurance proceeds made available to the Landlord by its insurer and not retained by the Landlord’s mortgagee or ground lessor. Tenant shall, promptly following Landlord’s restoration of the core and shell of the Premises, restore the alterations, improvements, betterments and property in the Premises. Any restoration of the Building or the Premises shall be altered to the extent necessary to comply with then current laws and applicable codes. ACTIVE/103568117.9

Appears in 1 contract

Samples: Lease (Vericel Corp)

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Restoration Following Casualties. If, during the Term, the Building or a portion of the Premises or any of the Property Common Areas shall be damaged by fire or casualtyother casualty ("DAMAGED AREA"), subject to the exceptions and limitations provided below, the Landlord shall proceed promptly to exercise diligent efforts to restore, or cause to be restored, restore the Building and the core and shell of the Premises (excluding alterations, improvements and betterments and the property which Tenant is obligated to insure under the Lease), as the case may be, Damaged Area to substantially the condition thereof just prior to at the time of such damage, but the Landlord shall not be responsible for delay in the Landlord's receipt of insurance proceeds or any delay in such restoration which may result from any External Causes or due to any act, failure to act or neglect of Tenant or Tenant’s servants, agents, employees or licenseesCause. The Landlord shall have no obligation to expend in the reconstruction of the Building Damaged Area more than the actual amount of the insurance proceeds made available actually received by the Landlord with respect to the Landlord by its insurer and not retained by fire or other casualty plus the Landlord’s mortgagee or ground lessor. Tenant shall, promptly following Landlord’s restoration amount of the core and shell of the Premises, restore the alterations, improvements, betterments and property in the Premisesany deductible. Any restoration of the Building or the Premises Damaged Area shall be altered to the extent necessary to comply with then current laws and applicable codes. ACTIVE/103568117.9Further, the Landlord shall have no obligation to repair or restore any tenant improvements made by the Tenant (other than the improvements made to the Premises pursuant to Section 2.9 hereof and then only to the extent such improvements are insured and that adequate insurance proceeds are released to Landlord to pay for such repairs or restoration) or any of the Tenant's trade fixtures or personal property.

Appears in 1 contract

Samples: Lease Agreement (Aspect Medical Systems Inc)

Restoration Following Casualties. If, during the Term, the Building or a portion of the Premises or any of the Property Common Areas shall be damaged by fire or casualtyother casualty (the "Damaged Area"), subject to the exceptions and limitations provided below, the Landlord shall proceed promptly to exercise diligent efforts to restore, or cause to be restored, restore the Building and the core and shell of the Premises (excluding alterations, improvements and betterments and the property which Tenant is obligated to insure under the Lease), as the case may be, Damaged Area to substantially the condition thereof just prior to at the time of such damage, but the Landlord shall not be responsible for delay in the Landlord's receipt of insurance proceeds or any delay in such restoration which may result from any External Causes or due to any actCause. Provided that Landlord has complied with Section 7.4 hereof, failure to act or neglect of Tenant or Tenant’s servants, agents, employees or licensees. The the Landlord shall have no obligation to expend in the reconstruction of the Building Damaged Area more than the actual amount of the insurance proceeds made available actually received by the Landlord with respect to the Landlord by its insurer and not retained by fire or other casualty plus the Landlord’s mortgagee or ground lessor. Tenant shall, promptly following Landlord’s restoration amount of the core and shell of the Premises, restore the alterations, improvements, betterments and property in the Premisesany deductible. Any restoration of the Building or the Premises Damaged Area shall be altered to the extent necessary to comply with then current laws and applicable codes. ACTIVE/103568117.9Further, the Landlord shall have no obligation to repair or restore any tenant improvements made by the Tenant (other than the improvements made to the Premises pursuant to Section 2.6 hereof and then only to the extent such improvements are insured and that adequate insurance proceeds are released to Landlord to pay for such repairs or restoration) or any of the Tenant's trade fixtures or personal property.

Appears in 1 contract

Samples: Lease (SBS Technologies Inc)

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Restoration Following Casualties. If, during the Term, the Building or a portion of the Premises or any of the Property Common Areas shall be damaged by fire or casualtyother casualty (“Damaged Area”), subject to the exceptions and limitations provided below, the Landlord shall proceed promptly to exercise diligent efforts to restore, or cause to be restored, restore the Building and the core and shell of the Premises (excluding alterations, improvements and betterments and the property which Tenant is obligated to insure under the Lease), as the case may be, Damaged Area to substantially the condition thereof just prior to at the time of such damage, but the Landlord shall not be responsible for delay in the Landlord’s receipt of insurance proceeds or any delay in such restoration which may result from any External Causes or due to any actCause. Provided that Landlord has complied with Section 7.4 hereof, failure to act or neglect of Tenant or Tenant’s servants, agents, employees or licensees. The the Landlord shall have no obligation to expend in the reconstruction of the Building Damaged Area more than the actual amount of the insurance proceeds made available actually received by the Landlord with respect to the Landlord by its insurer and not retained by fire or other casualty plus the Landlord’s mortgagee or ground lessor. Tenant shall, promptly following Landlord’s restoration amount of the core and shell of the Premises, restore the alterations, improvements, betterments and property in the Premisesany deductible. Any restoration of the Building or the Premises Damaged Area shall be altered to the extent necessary to comply with then current laws and applicable codes. ACTIVE/103568117.9Further, the Landlord shall have no obligation to repair or restore any tenant improvements made by the Tenant (other than the improvements made to the Premises pursuant to Section 2.9 hereof and then only to the extent such improvements are insured and that adequate insurance proceeds are released to Landlord to pay for such repairs or restoration) or any of the Tenant’s trade fixtures or personal property.

Appears in 1 contract

Samples: Assignment and Assumption of Lease Agreement (Tangoe Inc)

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