Fully Repair definition
Fully Repair means to restore the premises to the condition it was in just prior to the damage or destruction and as may be determined in good faith by the Board and is commercially reasonable. If Board or Operator elect to terminate this Agreement, the terminating party shall give the non-terminating party written notice of its election to terminate within 30 days after it has knowledge of such damage or destruction, and this Agreement shall terminate 15 days after the date non-terminating party receives such notice. If neither party elects to terminate the Agreement, Board shall, promptly following the date of such damage or destruction, commence the process of obtaining necessary permits and approvals, and shall commence repair of the Leased Premises as soon as practicable and thereafter prosecute the same diligently to completion, in which event this Agreement will continue in full force and effect. However, during the period of such repair Monthly Rent shall abate prorata to the ▇▇▇▇entage of the Leased Premises which are useable. If this Agreement is terminated, Operator shall be entitled to receive and retain all the insurance proceeds resulting from such damage to Operator's Personal Property. Further in the event of such termination, Board shall be entitled to any insurance proceeds from Board owned policies as well as any insurance proceeds from insurance policies the Operator is required pursuant to the terms of this Agreement to the extent that such insurance proceeds are for damage to the Leased Premises other than Operator's Personal Property.