Damage/Destruction. In the event the Premises are damaged or rendered totally or partially uninhabitable by fire, other casualty or condemnation, PIC shall have the option to terminate the MOU. If such damages casualty or condemnation occurs during the term or any extension thereof, the District may elect to repair such damages or may elect to terminate the MOU during the term after providing thirty (30) days written notice of termination. In the event the Premises are rendered so uninhabitable as to prevent PIC from operating PIC’s business at the Premises, and neither PIC nor the District terminates the MOU, rental payments shall xxxxx on a per diem basis until the Premises are repaired to reasonably allow such operation of PIC’s business.
Damage/Destruction. In the event of damage to the PREMISES by fire, flood, lightning, or other Act of God, or act of terrorism rendering it impossible or substantially inconvenient for LESSEE to continue to occupy or use the PREMISES for its operations, the LESSOR, after notice from the LESSEE of the condition shall have thirty (30) days to repair and/or restore the PREMISES to a tenantable condition. If LESSOR fails to repair and/or restore the PREMISES within said period of thirty (30) days, or if LESSOR fails to make reasonable progress during the thirty (30) day period, as determined by LESSEE in its sole discretion, LESSEE may, at its option: a.) terminate this LEASE by giving LESSOR fourteen (14) days written termination notice or b.) after first giving LESSOR fourteen (14) days written notice, repair and restore the PREMISES to a tenantable condition, and deduct such costs made in restoration of the PREMISES from the RENT due the LESSOR. At LESSEE”S option, payment of RENT shall xxxxx as long as the PREMISES remains in an un-tenantable condition after notice to LESSOR and shall resume only after the condition has been substantially corrected. Such abatement shall be prorated on the portion of the PREMISES that is or remains un-tenantable.
Damage/Destruction. 14.1 In the event of any damage to or destruction of the Premises by fire, the elements or other casualty during the Term (a “Casualty”), Tenant shall give Landlord and Lender, if any, prompt written notice thereof. Tenant shall adjust, collect and compromise any and all claims covered by insurance.
Damage/Destruction. Until Developer has reimbursed the City for the Cash Grant in full, in the event of fire, damage, or any other casualty to any part of the Project, the Developer agrees, at its cost and expense, to rebuild, repair and replace the Project in the condition it was immediately prior to the casualty. The fair market value of the Project following reconstruction and/or repair must be greater than or equal to the fair market value of the Project immediately prior to the casualty.
Damage/Destruction. (a) Subject to the termination rights set forth in Section 13(c) and Section 13(d) below, if the Premises or any portion thereof are damaged or destroyed by fire or other casualty, Tenant will promptly give written notice thereof to Landlord, and Landlord shall, subject to the conditions and limitations set forth in this Section 13 below, repair the same at Landlord’s cost as and to the extent provided below.
Damage/Destruction. Should the Premises become damaged, destroyed or otherwise partially or totally uninhabitable, rent will xxxxx and this Lease terminate if you decide to vacate the Premises. If you decide to remain, rent will not xxxxx nor will there be any offset or reduction in rent, unless both parties agree. Owner is not responsible for loss or damage to renter’s property. Renter agrees to furnish his/her own renter’s insurance policy to protect their belongings in the event of flood or other damage.
Damage/Destruction. SECTION 1. If at any time during the Term (i) more than twenty-five percent (25%) of the Demised Premises are substantially damaged or destroyed by fire or other casualty, or (ii) any portion of the Demised Premises is so damaged or destroyed and such damage or destruction materially affects Lessee's ability to conduct normal business operations in the Demised Premises and such damage cannot reasonably be expected to be repaired within ninety (90) days, then Lessee may elect to terminate the Lease by so notifying the other within thirty (30) days after the date of the damage or destruction, specifying a date for termination that shall be not less than thirty (30) days from the date of such notice. If at any time during the Term (i) more than thirty-five percent (35%) of the Buildings or 35% of the Demised Premises are substantially damaged or destroyed by fire or other casualty, or (ii) any portion of the Buildings or Demised Premises is so damaged or destroyed and such damage or destruction materially affects Lessee's ability to conduct normal business operations in the Demised Premises and such damage cannot reasonably be expected to be repaired within ninety (90) days, then Lessor may elect to terminate the Lease by so notifying the Lessee within thirty (30) days after the date of the damage or destruction, specifying a date for termination that shall be not less than thirty (30) days from the date of such notice. If neither Lessor nor Lessee so elect to terminate this Lease, or if less than twenty five percent (25%) of the Building or Demised Premises is substantially damaged by such fire or other casualty, then Lessor shall promptly commence to repair and restore the Building and the Demised Premises to their condition immediately prior to such fire or casualty except that Lessor shall not be required to repair or restore alterations and additions to the Premises made by Lessee in accordance with the provisions of Article X hereof except to the extent insurance proceeds are available therefor. Upon completion of such restoration, the Lessor shall be entitled to all insurance proceeds payable under any casualty policy maintained as required by the provisions of Article VI hereof. If existing laws do not permit the restoration, either party shall have the right to terminate this Lease by written notice to the other party. An equitable abatement of rent shall apply commencing upon the date of any such casualty and continue until repair or termination in ...
Damage/Destruction. A. If during the Term, the Premises are damaged or destroyed by fire or other casualty, then, at Landlord's option: (i) the Premises shall be promptly restored and repaired by the Landlord and, if the Unit is damaged or destroyed, any Rent for the period that the Premises are uninhabitable by Lessee shall xxxxx, unless and to the extent Landlord provides Lessee with comparable alternative living space, in which event Rent will not be abated; or (ii) Landlord may terminate this Lease by so notifying Lessee in which event the Rent shall cease to accrue as of the date of such damage or destruction; or (iii) Landlord may relocate Lessee to another unit within the Facility or a comparable facility. Notwithstanding any of the foregoing, Lessee shall not be excused from paying Rent if the damage or destruction to the Premises is caused by Lessee or any guest of Lessee.
Damage/Destruction. If the Demised Premises or the building where the Demised Premises are located should be damaged or destroyed during the term by fire or other insured casualty without the fault of Tenant, Landlord shall, subject to the time that elapses due to adjustment of fire insurance, repair and/or restore the same to substantially the condition it was in immediately prior to such damage or destruction, except as in this Article provided. Landlord's obligation under this Article shall in no event exceed the scope of the work required to be done by Landlord in the original construction of the building. Landlord shall not be required to, but Landlord shall with due dispatch, replace or restore forthwith any trade fixtures, signs or other installations theretofore installed by tenant. All Rent and Additional Rent payable under this Lease, shall be equitably abated. Such abatement shall continue for the period commencing with such damage or destruction and ending with the completion by the Landlord of such work of repair and/or reconstruction as Landlord is obligated to do. If, however, the Demised Premises or the building containing it or the other buildings in the Office Park should be damaged or destroyed by any cause so that the Landlord shall decide to demolish or to completely rebuild the Demised Premises or the building containing it or the other damaged buildings in the Office Park, Landlord may, within sixty (60) days after such damage or destruction give Tenant written notice of such decision and thereupon this Lease shall be deemed to have terminated as of the date of the damage or destruction and Tenant shall immediately quit and surrender the Demised Premises to Landlord. If damage to the Demised Premises exceeds 30% thereof during the last two years, either Landlord or Tenant may cancel this Lease.
Damage/Destruction interruption or inaccessibility In the event that the Licensed Area is damaged or destroyed or there is interruption to access to the Licensed Area so as to render the Licensed Area or any part of the Licensed Area wholly or substantially unfit for the Permitted Use and otherwise unfit for the occupation or use of the Licensee or inaccessible by any usual means of access, the School Council, in its absolute discretion, may terminate this Licence by Notice to the Licensee.
