Partial Damage definition

Partial Damage means damage or destruction to the Premises to the extent that the cost of repair is less than fifty percent (50%) of the fair market value of the Premises immediately prior to such damage or destruction. If at any time during the Term there is Partial Damage, Landlord may, at Landlord’s option, either (i) repair such damage, in which event this Lease shall continue in full force and effect, or (ii) give written notice to Tenant within thirty (30) days after the date of the occurrence of such damage of Landlord’s intention to terminate this Lease, which termination shall be effective as of the date of the occurrence of such damage.

Partial Damage. The term "substantial damage," as used herein, shall refer to damage which is of such a character that in Landlord's reasonable, good faith estimate the same cannot, in ordinary course, be expected to be repaired within 90 calendar days from the time that such repair work would commence. Any damage which is not "substantial damage" is "partial damage."

Partial Damage means if the Premises are damaged or destroyed to the extent that the cost of repair is less than fifty percent (50%) of the then replacement cost of the Premises.

Examples of Partial Damage in a sentence

• If a Partial Damage that is not an Insured Loss occurs to the Building, unless caused by a negligent or willful act of Lessee (in which event Lessee will make all the repairs at Lessee’s expense), Lessor may either: (a) repair the damage as soon as reasonably possible at Lessor’s expense, in which event this Lease will continue in full force and effect; or (b) terminate this Lease by giving written notice to Lessee within 30 days after receipt by Lessor of knowledge of the occurrence of the damage.

• If a Partial Damage that is an Insured Loss occurs, then Lessor will, at Lessor’s expense, repair the damage (but not to Lessee’s trade fixtures or Lxxxxx’s other improvements) as soon as reasonably possible, and this Lease will continue in full force and effect.

• In the event of Partial Damage, Total Destruction, or a Hazardous Substance Condition for which Lessee is not responsible under this Lease, the Basic Rent payable by Lessee for the period required for the repair, remediation, or restoration of the damage will be abated in proportion to the degree to which Lxxxxx’s use of the Premises is impaired.

More Definitions of Partial Damage

Partial Damage means damage or destruction that will cost 30% or less of the then-applicable pre-damage value of the Premises to repair. Lessor will notify Lessee in writing within 30 days from the date of the damage or destruction about whether the damage is partial or total. Partial Damage does not include damage to windows, doors, or other similar improvements, or systems that Lessee has the responsibility to repair or replace under the provisions of this Lease.

Partial Damage. The term "

Partial Damage means damage or destruction which does not result in the loss of either: (a) thirty percent (30%) or more of the total number of rentable square feet in the Premises; or (b) thirty percent (30%) or more of the value of the Premises.

Partial Damage means damage or destruction to (i) the Project to the extent that the cost of repair is less than 50% of the fair market value of the Project immediately prior to such damage or destruction, or (ii) the Premises to the extent that the damage can be repaired within 120 days following the date of such damage, as reasonably determined by Landlord.

Partial Damage means damage or destruction to the Substation, the repair cost of which damage or destruction is less than fifty percent (50%) of the then Replacement Cost of the Substation immediately prior to such damage or destruction, excluding from such calculation the value of the land.

Partial Damage means if the Premises are damaged or destroyed to the extent that the cost of repair is less than fifty percent (50%) of the then replacement cost of the Premises, and the reasonably-estimated period between the event of damage or destruction and completion of repairs is less than or equal to two hundred ten (210) days.

Partial Damage means damage or destruction to any improvements on the Project, other than those owned by Lessee, which damage or destruction would, in Lessor's judgment, require fewer than ninety (90) days from the date such damage or destruction occurs to repair or restore.