Common use of Restoration Obligations Clause in Contracts

Restoration Obligations. If the Lease has not terminated pursuant to Section 11.01, then, following any casualty or taking by eminent domain, Landlord shall proceed with diligence, subject to then applicable statutes, building codes, zoning ordinances and regulations of any governmental authority, and the receipt of insurance proceeds, to repair or cause to be repaired such damage (excluding any Tenant Work and Finish Work). All repairs to and replacements of Tenant’s Tenant Work, Finish Work, trade fixtures, equipment and personal property shall be made by and at the expense of Tenant.

Appears in 3 contracts

Samples: Lease (Mural Oncology PLC), Lease (Alkermes Plc.), Lease (Alkermes Inc)

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Restoration Obligations. If the Lease has not terminated pursuant to Section 11.01, then, following any casualty or taking by eminent domain, Landlord shall proceed with diligence, subject to then applicable statutes, building codes, zoning ordinances and regulations of any governmental authority, and the receipt of insurance proceeds, to repair or cause to be repaired such damage (excluding other than any Tenant Work Work, which Tenant shall promptly commence, and Finish Workproceed with diligence, to restore). All repairs to and replacements of Tenant’s Tenant Work, Finish Work, trade fixtures, equipment and personal property property, and any Tenant Work shall be made by and at the expense of Tenant.

Appears in 1 contract

Samples: Lease (Aerovate Therapeutics, Inc.)

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