Common use of DAMAGE TO LEASED PREMISES Clause in Contracts

DAMAGE TO LEASED PREMISES. In the event the leased Premises and/or the improvements of which the leased Premises are a part shall be totally destroyed by fire or other casualty or so badly damaged that, in the opinion of the Owner, it is not feasible to repair or rebuild same, Owner shall have the right to terminate this Lease upon written notice to Tenant. If the leased Premises shall be partially untenantable thereby, as determined by Owner, an appropriate reduction of the rent shall be allowed for the unoccupied portion of the leased Premises until repair thereof shall be substantially completed, If the leased Premises are rendered untenantable thereby, except if caused by Tenant's negligence, Tenant may, at its election, terminate this Lease as of the date of the damage. If Tenant elects not to terminate the Lease, the rent shall abatx xx proportion to the loss of use of the Premises by Tenant during such untenantability.

Appears in 1 contract

Samples: Lease Agreement (Nutraceutix Inc)

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DAMAGE TO LEASED PREMISES. In the event the leased Premises premises and/or the improvements of which the leased Premises premises are a part shall be totally destroyed by any fire or other casualty or so badly damaged that, in the opinion of the OwnerLandlord, it is not feasible to repair or rebuild same, Owner Landlord shall have the right to terminate this Lease upon written notice to Tenant. If the leased Premises premises shall be partially damaged by fire or other casualty, except if caused by Tenant's negligence, and said leased premises is not rendered untenantable thereby, as determined by OwnerLandlord, an appropriate reduction of the rent shall be allowed for the unoccupied portion of the leased Premises premises until repair thereof shall be substantially completed, . If the leased Premises are premises is rendered untenantable thereby, except if caused by Tenant's negligence, Tenant may, at its election, terminate this Lease as of the date of the damage. If Tenant elects not to terminate the Lease, the rent shall abatx xx abate in proportion to the loss of use of the Premises leased premises by Tenant during Tenxxx xuring such untenantability.

Appears in 1 contract

Samples: Lease Agreement (Industrialex Manufacturing Corp)

DAMAGE TO LEASED PREMISES. In the event the leased Premises premises and/or the improvements of which the leased Premises premises are a part shall be totally destroyed by fire or other casualty or so badly damaged that, in the opinion of the OwnerLandlord, it is not feasible to repair or rebuild the same, Owner Landlord shall have the right to terminate this Lease upon written notice to Tenant. If the leased Premises premises shall be partially damaged by fire or other casualty, except if caused by Tenant's negligence, and said leased premises are not rendered untenantable thereby, as determined by OwnerLandlord, an appropriate reduction of the rent shall be allowed for the unoccupied portion of the leased Premises premises until repair thereof shall be substantially completed, . If the leased Premises premises are rendered untenantable thereby, except if caused by Tenant's negligence, Tenant may, at its election, terminate this Lease as of the date of the damage. If Tenant elects not to terminate the Lease, the rent shall abatx xx axxxx in proportion to the loss of use of the Premises leased premises by Tenant during such untenantability.

Appears in 1 contract

Samples: Lease Agreement (AVT, Inc.)

DAMAGE TO LEASED PREMISES. In the event the leased Premises and/or the improvements of which the leased Premises are a part shall be totally destroyed by fire or other casualty or so badly damaged that, in the opinion of the OwnerOwner or Tenant, it is not feasible to repair or rebuild same, Owner or Tenant shall have the right to terminate this Lease upon written notice to Tenantthe other. If the leased Premises shall be partially untenantable thereby, as determined by Owner, an and appropriate reduction of the rent shall be allowed for the unoccupied portion of the leased Premises until repair thereof shall be substantially completed, . If the leased Premises are rendered Tendered untenantable thereby, except if caused by Tenant's negligence, Tenant may, at its election, terminate this Lease as of the date of the damage. If Tenant elects not to terminate the Lease, the rent shall abatx xx proportion to the loss of use of the Premises by Tenant during such untenantability.

Appears in 1 contract

Samples: Lease Agreement (Nutraceutix Inc)

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DAMAGE TO LEASED PREMISES. In the event the leased Premises and/or the improvements of which the leased Premises are a part shall be totally destroyed by fire or other casualty or so badly damaged that, in the opinion of the Owner, it is not feasible to repair or rebuild same, Owner shall have the right to terminate this Lease upon written notice to Tenant. If the leased Premises shall be partially untenantable thereby, as determined by Owner, an appropriate reduction of the rent shall be allowed for the unoccupied portion of the leased Premises until repair thereof shall be substantially completed, . If the leased Premises Promises are rendered untenantable thereby, except if caused by Tenant's negligence, Tenant may, at its election, terminate this Lease as of the date of the damage. If Tenant elects not to terminate the Lease, the rent shall abatx xx proportion to the loss of use of the Premises by Tenant during such untenantability.

Appears in 1 contract

Samples: Lease Agreement (Nutraceutix Inc)

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