Restoration Obligation. Promptly following the occurrence of a Casualty, Borrower shall, at its expense, commence and diligently complete the repair, restoration, replacement, and rebuilding of the Collateral as nearly as possible to its value, condition and character immediately prior to the Casualty (a “Restoration”). Borrower shall not be excused from Borrower’s Restoration obligation, regardless of whether there are Insurance Proceeds available to Borrower or whether any such Insurance Proceeds are sufficient in amount, and the application or release by Lender of any Insurance Proceeds shall not cure or waive any Default under this Agreement or the other Loan Documents or invalidate any act done pursuant thereto.
Restoration Obligation. Notwithstanding anything to the contrary in this Section 10, prior to Tenant’s surrender of the Premises, Tenant shall have the obligation to restore the area of the Premises in which Tenant’s lab shall be located to its original condition at the time of Lease execution, including, but not limited to, restoring smooth surface ceiling tiles and ESD flooring to Building Standard finishes, removal of lab equipment electrical stubbed to the distribution panel, and demolition of lab partitions; provided, however, Tenant shall not be required to remove any dedicated heating, ventilating and air conditioning (“HVAC”) unit(s) serving the lab; rather, Tenant shall have the right to leave the HVAC unit on the roof but shall remove all electrical components related to the HVAC, ductwork, diffusers and any other components related to the HVAC and make any necessary repairs to the Premises, to the reasonable satisfaction of Landlord. Such work shall be at Tenant’s sole cost and expense and shall be performed prior to the expiration or earlier termination of the Term of the Lease.
Restoration Obligation. Tenant’s restoration obligations as to all but the Fifth Expansion Premises (regarding mechanical equipment installed by it) are set forth in the Lease, and Tenant acknowledges those responsibilities. In the case of the Fifth Expansion Premises, Tenant intends to migrate the controls for Landlord’s existing HVAC equipment to Tenant’s management system during the Term. Upon Tenant’s vacation of the Fifth Expansion Premises, Tenant shall return the controls for Landlord’s HVAC to Landlord’s management system at Tenant’s cost, which shall be Tenant’s sole responsibility regarding restoration in the Fifth Expansion Premises.
Restoration Obligation. 1. Upon termination of this Agreement, the Lessee shall, at its cost, remove all the fixtures and facilities newly installed, added or altered at the cost of the Lessee and equipment owned by the Lessee (hereinafter in this article referred to as “Fixtures”), and also dismantle, at its cost, Fixtures newly installed, added or altered by the Lessor at the request of the Lessee, if so requested by the Lessor, to restore the Leased Room to the original status and vacate the Leased Room to the Lessor upon termination of this Agreement. For the purpose of this article, restoration of the Leased Room shall mean the satisfaction of the Restoration Standards attached as Attachment 1. The restoration works shall be generally ordered to the Lessor or a contractor designated by the Lessor.
Restoration Obligation. If Landlord is obligated to or elects to repair or restore following any casualty, Landlord shall not be obligated to repair or restore those portions of the Premises which Tenant is obligated to insure. Tenant shall repair and restore all Tenant Improvements and Alterations so as to restore the Premises to their condition prior to the casualty event and Landlord shall disburse insurance proceeds received from Tenant’s insurer for that purpose.
Restoration Obligation. No Partner shall have an obligation to restore any deficit balance in its Capital Account.
Restoration Obligation. 21 8.6 Timing of Liquidating Distributions ..................................... 21 8.7 Liquidating Trust ....................................................... 21
Restoration Obligation. 28 Section 11.05. Landlord's Property...................................29
Restoration Obligation. (a) Tenant shall be obligated to pay for restoration after Lease Termination of the following items: (i) any Structural Alteration as to which Landlord has reserved its right under this Lease to require restoration; (ii) unless requested otherwise by Landlord, the restoration of the Building effected by the separation of the Building from 000 Xxxxxxxx if and to the extent required in accordance with the Easements Agreement; and (iii) the slabbing over in a commercially reasonable manner of any interior stairwells ("Atrium") constructed by Tenant (whether prior or subsequent to the Commencement Date of this Lease) if, and to the extent that, Landlord in good faith determines that it will pursue a leasing program for the Building or portions thereof to lease space to single floor tenants or to more than one tenant on a floor or to multifloor tenants who will not use the existing Atrium or portions thereof.
Restoration Obligation. In the event of a Partial Taking, ---------------------- Landlord shall promptly proceed to rebuild, repair and restore the remainder of the Building and/or Improvements to a complete, independent and self-contained architectural unit. However, Landlord shall contribute to the cost of restoration an amount which shall not exceed the amount of any separate Award made for consequential damage to the Building and/or Improvements and received by Landlord. In the event there is no separate Award for consequential damage, the same shall be fixed and settled by the agreement of the parties, and if there is no such agreement, then by arbitration administered by and pursuant to the then existing rules of the American Arbitration Association. The balance of such separate Award or allocated amount not so used shall belong to and be the property of Landlord. In the event the Award received and paid to Landlord is insufficient to rebuild or restore the Premises, either party may, upon notice to the other, terminate this Lease.
