Examples of Casualty Damage in a sentence
Section History: Early Form [C79, 81, § 562A.24] Referred to in § 648.19 562A.25 Fire of Casualty Damage 1.
In the event Landlord is unable to or otherwise fails to complete the necessary repairs or restorations to eliminate the Material Casualty Damage within 135 days after the date of the Material Casualty Damage (or such longer period approved by Tenant and Landlord in their mutual reasonable discretion), Tenant shall have the right to terminate this Lease upon written notice to Landlord at any time prior to the completion of the repairs or restorations.
Following any Material Casualty Damage, the Rent payable hereunder (including Tenant’s Share of Operating Expenses and Insurance Expenses) shall be abated to the extent any of the Premises are untenantable or the operation of Tenant’s activities at the Premises are adversely affected.
Within 30 days after the date of Material Casualty Damage, Landlord shall provide Tenant with a written estimate, confirming the amount of time Landlord reasonably expects to complete the necessary repairs or restorations to eliminate the Material Casualty Damage (“ Completion Estimate”).