Damage to or Destruction of Leased Premises Sample Clauses

Damage to or Destruction of Leased Premises. 9.1 Landlord's Option to Rebuild or Terminate. In the event that all or a substantial portion of the Premises is materially damaged or destroyed during the term of this Lease, Landlord may, at its option (i) require Tenant to promptly rebuild and restore the Premises at its expenses in accordance with customary standards in St. Louis County, Missouri, and subject to the written approval of Landlord and Landlord's architect, and Landlord shall assign and pay over to a title company administering construction payments, and all insurance proceeds or other amounts payable to Landlord or by any party on account of such damage or destruction (not including any insurance proceeds or other amounts received to compensate Landlord for the loss of its rental income), or (ii) within thirty (30) days after such damages or destruction, terminate this Lease effective as of the date of such damage or destruction and all rights and obligations of Landlord and Tenant hereunder not accrued as of the date of such damage or destruction, shall cease and terminate as of the date thereof, Tenant shall assign and pay over to Landlord any and all insurance proceeds or other any amounts received on account of such damage or destruction (not including any insurance proceeds or other amounts received to compensate Tenant for the interruption of its business or revenues lost to Tenant).
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Damage to or Destruction of Leased Premises. If during the term of the ------------------------------------------- Lease, the Leased Premises are damaged by fire, flood, windstorm, strikes, riots, civil commotions, acts of God, or other casualty so that the same are rendered wholly unfit for occupancy, and if said Leased Premises cannot be repaired within one hundred eighty (180) days from the time of such damage, then this Lease, at the option of the Lessor, may be terminated as of the date of such damage. In the event that the Lessor elects to terminate this Lease, the Lessee shall pay the Fixed Rent and any Additional Rent apportioned to the time of damage and shall immediately as practicable surrender the Leased Premises to the Lessor who may enter upon and repossess the same and from and after the date of surrender, Lessee shall be relieved from any further liability hereunder. If the Lessor elects not to terminate the Lease or if any damage by any of the above casualties, rendering the Leased Premises wholly unfit, can be repaired within one hundred eighty (180) days thereafter, Lessor agrees to repair such damage promptly within such period and this Lease shall not be affected in any manner except that the Fixed Rent and Additional Rent shall be suspended and shall not accrue from the date of such damage until such repairs have been completed. If said Leased Premises shall be so slightly damaged by any of the above casualties as not to be rendered wholly unfit for occupancy, Lessor shall repair the Leased Premises promptly to Lessee's reasonable satisfaction and during the period from the date of such damage until the repairs are completed the Fixed Rent shall be apportioned so that the Lessee shall pay as Fixed Rent an amount which bears the same ratio to the entire monthly Fixed Rent as the portion of the Leased Premises which Lessee is able to occupy without disturbance during such period bears to the entire Leased Premises. If the damage by any of the above casualties is so slight that Lessee is not disturbed in its possession and enjoyment of the Leased Premises, then Lessor shall repair the same promptly and in that case the Fixed Rent and Additional Rent accrued or accruing shall not xxxxx. Notwithstanding anything herein contained to the contrary, if the cost of repair or restoration exceeds thirty (30%) percent of the replacement value, less foundation, of the Building, then Lessor shall have the option, exercisable on written notice to Lessee within sixty (60) days of such damage, no...
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Damage to or Destruction of Leased Premises. (a) In case the Building is destroyed or so damaged as to be unfit for the purposes of the Tenant by fire or any other peril against which the Tenant is obligated to insure under this lease, and has so insured and either:
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Damage to or Destruction of Leased Premises. In the event the Leased Premises are destroyed or damaged by fire or other casualty, not caused by negligence or misuse by District, so as to be unfit for ordinary occupancy and use by District, its employees, students or invitees, then District shall have the option to terminate this Lease, with no further obligation or liability to Lessor. In the event the Leased Premises are damaged and unavailable for a period of time of less than ninety (90) days, District shall have the option of receiving an equitable reduction of the rent based on the amount of space that is available for use by District. Lessor agrees that is will promptly repair the Leased Premises to a condition that is fully usable by District for the purposes intended by this Agreement.
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Damage to or Destruction of Leased Premises. 24.1 The Landlord shall be entitled to cancel the Lease if:
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Damage to or Destruction of Leased Premises. (a) If during the term of this Lease the building on the demised Leased Premises is totally destroyed from any cause except the negligent or intentional acts of Tenant, its employees or agents, the term of this Lease shall end; although the other obligations of the parties hereto prior to the end of the lease term shall be enforceable.
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Damage to or Destruction of Leased Premises. If, during the Term and Extended Term of this Lease, the Leased Premises shall be damaged to such an extent that the repair of such damage and the restoration of the Leased Premises can be accomplished, with reasonable diligence, within ninety (90) days after such damage, Company shall promptly repair such damage and cause the Leased Premises to be restored to their condition prior to the event causing the damage. If, during the Term and Extended Term of this Lease, the Leased Premises shall be destroyed or damaged, or partially destroyed or damaged, without Company’s fault to such an extent that the repair of such destruction or damage and the restoration of the Leased Premises cannot be accomplished, with reasonable diligence, within ninety (90) days after such destruction or damage, then Company shall promptly notify City in writing of such fact within ten (10) days after the date of such destruction or damage and Company shall thereafter have the right, during a period of thirty (30) days following such notification, to terminate this Lease by written notice to the City, declaring this Lease to be terminated provided, however, that, as a condition precedent to such termination, the proceeds of insurance required to be maintained by Company under Section 7.4.3 (or an amount equal to the insurance proceeds which would have been available but for the failure to maintain such insurance) shall be paid by Company to City. Unless such notice of immediate termination shall be given within such 30-day period, this Lease shall continue in full force and effect.
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Damage to or Destruction of Leased Premises. If the Leased Premises or any part thereof is destroyed or damaged by fire or other casualty, or taken by eminent domain, this Lease may be terminated by LESSOR if it is of the opinion that the Leased Premises has been rendered unusable. If this Lease is not so terminated, a proportionate reduction in rent, determined by LESSOR, shall be allowed until the Leased Premises is restored by LESSOR to usable condition. Such reduction in rent shall only be allowed if the damage occurred through no fault of LESSEE or its Sublessees.
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Damage to or Destruction of Leased Premises 
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Related to Damage to or Destruction of Leased Premises

  • Condition of Leased Premises Tenant hereby acknowledges that Xxxxxx has examined the leased premises prior to the signing of this Lease, or knowingly waived said examination. Tenant acknowledges that Tenant has not relied on any representations made by Landlord or Landlord’s agents regarding the condition of the leased premises and that Tenant takes premises in its AS-IS condition with no express or implied warranties or representations beyond those contained herein or required by applicable Georgia law. Xxxxxx agrees not to damage the premises through any act or omission, and to be responsible for any damages sustained through the acts or omissions of Tenant, Xxxxxx’s family or Xxxxxx’s invitees, licensees, and/or guests. If such damages are incurred, Tenant is required to pay for any resulting repairs at the same time and in addition to the next month’s rent payment, with consequences for non-payment identical to those for non- payment of rent described herein. At the expiration or termination of the Lease, Tenant shall return the leased premises in as good condition as when taken by Tenant at the commencement of the lease, with only normal wear-and-tear excepted. Modification Of This Lease Any modification of this lease shall not be binding upon Landlord unless in writing and signed by Landlord or Landlord’s authorized agent. No oral representation shall be effective to modify this Lease. If, as per the terms of this paragraph, any provision of this lease is newly added, modified, or stricken out, the remainder of this Lease shall remain in full force and effect.

  • Damage to Premises In the event the Premises are destroyed or rendered wholly uninhabitable by fire, storm, earthquake, or other casualty not caused by the negligence of Tenant, this Agreement shall terminate from such time except for the purpose of enforcing rights that may have then accrued hereunder. The rental provided for herein shall then be accounted for by and between Landlord and Tenant up to the time of such injury or destruction of the Premises, Tenant paying rentals up to such date and Landlord refunding rentals collected beyond such date. Should a portion of the Premises thereby be rendered uninhabitable, the Landlord shall have the option of either repairing such injured or damaged portion or terminating this Lease. In the event that Landlord exercises its right to repair such uninhabitable portion, the rental shall xxxxx in the proportion that the injured parts bears to the whole Premises, and such part so injured shall be restored by Landlord as speedily as practicable, after which the full rent shall recommence and the Agreement continue according to its terms.

  • Damage or Destruction (a) If (i) the Premises Site shall be damaged to the extent of more than twenty-five percent (25%) of the cost of replacement thereof, respectively, or (ii) the proceeds of Landlord’s insurance recovered or recoverable as a result of the damage shall be insufficient to pay fully for the cost of replacement of the Premises and the Building in which they are located and Tenant is unwilling to make up such insufficiency, or (iii) the Premises or said Building shall be damaged as a result of a risk which is not covered by Landlord’s insurance, or (iv) the Premises shall be damaged in whole or in any part during the last one (1) year of the Lease term or of any renewal term hereof or (v) the Building of which the Premises are a part shall be damaged to the extent of fifty percent (50%) or more of the cost of replacement thereof, whether or not the Premises shall be damaged; then in any such event Landlord, in its sole discretion, may terminate this Lease by notice given within sixty (60) days after such event and upon the date specified in such notice, which shall not be less than thirty (30) days nor more than sixty (60) days after the giving of said notice, this Lease shall terminate and come to an end, and Tenant shall vacate and surrender the Premises to Landlord. If this Lease shall not be canceled and if the repair or restoration shall take one hundred eighty (180) days or more, Landlord shall notify Tenant within sixty (60) days from the damage or destruction and Tenant shall have twenty (20) days from receipt of said notification to terminate this Lease by delivering written notice to Landlord within said twenty (20) day period. Following the casualty an equitable abatement of the rent and additional charges shall be allowed based upon the extent to which Tenant’s use of the Premises is diminished from the date when the damage occurred until completion of the repairs or rebuilding or, in the event Landlord or Tenant elects to terminate this Lease, until said date of termination. Notwithstanding the foregoing, Landlord shall not have the right to terminate the Lease if the damage to the Building is (a) due to a risk required to be insured against under Section 13(d) of the Lease or (b) relatively minor (e.g., repair or restoration would cost less than ten percent (10%) of the replacement cost of the Building).

  • Partial Damage or Destruction If, during the Term, any Property shall be totally or partially destroyed but the Facility is not rendered Unsuitable for Its Permitted Use, Tenant shall, subject to Section 10.2.3, promptly restore such Facility as provided in Section 10.2.4.

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