Damage or Destruction to Premises. (a) If the leased premises, or any portion thereof, shall be damaged during the term by fire or any casualty insurable under the standard fire and extended coverage insurance policies, but are not wholly untenantable, the Lessor shall repair and/or rebuild the same as promptly as possible, provided that the proceeds from Lessor's insurance policies are available to Lessor. The Lessor shall not be required to repair or rebuild any fixtures, installations, improvements, or leasehold improvements made to the interior of the leased premises by Lessee, nor Lessee's exterior signs. Such repairs and/or replacements are to be made by Lessee. In such event, the Lease shall not terminate, but shall remain in full force and effect, and a proportionate reduction in the fixed minimum monthly rental shall be made from the time of such fire or casualty until said premises are repaired or restored, except (i) if the Lessee can use and occupy the leased premises without substantial inconvenience; or (ii) if said repairs are delayed at the request or by reason of any act on the part of the Lessee which prevents or delays the repair of said premises by Lessor, there shall be no reduction in rental while said premises are being repaired, nor for any period of delay caused by or requested by Lessee. Lessors obligation to repair shall be subject to any delays from labor troubles, material shortages, insurance claim negotiations, or any other causes, whether similar or dissimilar to the foregoing, beyond Lessor's control.
Damage or Destruction to Premises. If the Premises or any portion thereof ae damaged or destroyed by fire or by other casualty, Basic Rent shall xxxxx in proportion to the area of that portion of the Premises which, in the opinion of the Landlord's architect or professional engineer, is thereby rendered unfit for the purposes of the Tenant until the Premises are repaired and rebuilt, and the Landlord shall repair and rebuild thePremises. The Landlord's obligation to repair and rebuild shall not include the obligation to repair and rebuild any chattel, fixture, leasehold improvement, installation, addition or partition in respect of which the Tenant is required to maintain insurance hereunder, or any other property of the Tenant. Basic Rent shall recommence to be payable one (1) day after the Landlord notifies the Tenant that the Tenant may reoccupy the Premises for the purpose ofundertaking its work.
Damage or Destruction to Premises. This lease may not be unilaterally terminated, canceled, or altered in any way by either party if during the Term of this Lease the Premises are destroyed or damaged by fire, explosion or other casualty, regardless of whether such is or is not related to Lessee’s operations or activities at the Premises, and/or regardless of whether the Premises are wholly rendered unfit for Lessee's permitted use or not. Moreover, Lessee shall have no claim against Lessor for any damage suffered by reason of any such damage, destruction, or casualty, except and to the extent such damage is caused by Lessor.
Damage or Destruction to Premises. In the event the Premises (except for the Ag Land) are rendered untenantable by fire or other casualty, Tenant shall vacate the damaged Premises within ten (10) days and will pay no further Rent as to the damaged or destroyed portion of the Premises and Landlord shall refund to Tenant the unearned portion of any Rent paid in advance prorated to the date of damage or destruction and prorated as to that building, structure or portion thereof within the Premises so damaged or destroyed.
Damage or Destruction to Premises. Should the Premises be destroyed or rendered unfit for use of occupancy by fire or other casualties during the term of the lease, the Lessor may exercise the option of either terminating the lease or restoring the property by proper repair within one hundred twenty (120) days of the date upon which the premises are destroyed or rendered unfit as mentioned above. If the Lessor should elect not to terminate this lease after the Premises are destroyed or rendered unfit as described above, then the monthly rental payments shall be prorated to reflect that portion of the Premises useable by the Lessee while the Premises are being repaired.
Damage or Destruction to Premises. (a) If the Premises, or any portion thereof, shall be partially damaged or destroyed during the term of this Lease by fire or any casualty insurable under the standard fire and extended coverage insurance policies, to the extent that the cost of repairing such damage or destruction is fifty percent (50%) or less of the monetary value therefrom, Landlord shall repair and/or rebuild the same as promptly as possible. In such event, this Lease shall not terminate, but shall remain in full force and effect, and a proportionate reduction in the fixed minimum monthly rental shall be made from the time of such fire or casualty until the Premises are repaired or restored, except if the Tenant can use and occupy the Premises without substantial inconvenience, there shall be no reduction in rental while the Premises are being repaired. Landlord's obligation to repair shall be subject to any delays from labor troubles, material shortages, insurance claim negotiations, or any other causes, whether similar or dissimilar to the foregoing, beyond Landlord's control.
Damage or Destruction to Premises. Tenant will be responsible for maintaining its own insurance on Tenant’s personal property and improvements placed in the Premises. Tenant acknowledges that all of Tenant’s property at the Premises shall be held at Tenant’s sole risk. To the extent permitted by applicable law, Tenant waives any claims against Landlord related to any damage or theft to property or injury to person occurring on the Premises or arising from acts of neglect of Tenant, other tenants in the same building, the elements or other reasons beyond the reasonable control of Landlord. In the event the Premises are rendered uninhabitable by fire or other casualty, Tenant should immediately notify Landlord. In the event of damage by casualty or condemnation, or sale in lieu thereof, Landlord shall have the right, in its sole discretion, to terminate this Lease upon written notice to Tenant. Tenant will vacate the Premises within thirty (30) days after receipt of such notice and will be under no obligation to pay rent accruing after the damage or destruction to, or condemnation of, the Premises, and Landlord will refund to Tenant the unearned portion of any rent paid in advance prorated to the date of damage or destruction or condemnation and will refund the security deposit as hereinafter set forth (less any damages caused by Tenant).
Damage or Destruction to Premises. If at any time during the rental period, the Premises is damaged or destroyed by OHSAA including, but not limited to its employees, agents, volunteers or guests, Owner shall have the option to either repair or restore the Premises (subject to the following paragraph) to the condition that existed immediately prior to such damage or destruction or terminate this agreement as of the date of such damage or destruction. Owner shall not be liable to OHSAA for any losses, damages, injuries, costs, or expenses whatsoever relating to the Premises, including without limitation any interruption or cessation of the business of OHSAA or loss incurred as a consequence of damage to or destruction of the Premises.
Damage or Destruction to Premises. In the event the premises, or any portion thereof, shall be destroyed or damaged by fire, wind, water, or other casualty so as to prevent the use of the premises for the purposes and during the periods specified herein, or the premises cannot be used because of strikes, Acts of God, or other causes beyond the control of the City, then the License shall terminate and the Licensee waives any claim against the City for damages by reason of such termination. The City shall not be obligated to repair or rebuild the premises but may elect in its sole discretion to do so.
Damage or Destruction to Premises. In the event the Marina premises, or any portion thereof, including, but not limited to the Slip, shall be destroyed, damaged, or rendered inaccessible by fire, wind, water, or acts of God beyond the control of the City so as to prevent the use of the Marina premises for the purposes and during the periods specified herein, the term of this Lease Agreement will continue, rent shall not xxxxx during such period and Boat Owner will not be entitled to a refund under this Agreement. The City shall not be obligated to repair or rebuild the Marina premises but may elect in its sole discretion to do so.
