Common use of Act of Terrorism Clause in Contracts

Act of Terrorism. 4.14.1 If the Premises or any part thereof or the access thereto shall be destroyed or damaged by an Act of Terrorism so as to render the Premises unfit for occupation and use then only to the extent an Act of Terrorism is not an Insured Risk under the terms of clause 4.1 then the Landlord shall within 12 months of such Act of Terrorism give written notice to the Tenant indicating whether or not the Landlord intends to reinstate the Premises. 4.14.2 If the Landlord intends to reinstate the Premises then, subject to: (a) the Landlord obtaining any necessary planning and other permission, consents, licences and approvals (which the Landlord shall use all reasonable endeavours to obtain but shall not be obliged to institute or pursue any appeal); (b) the necessary labour and materials being and remaining available (which the Landlord shall use its reasonable endeavours to obtain as soon as reasonably practicable), the Landlord shall use reasonable endeavours to reinstate the Premises as quickly as may reasonably be practicable at its own expense in accordance with the foregoing provisions. 4.14.3 If the Landlord serves written notice upon the Tenant pursuant to clause 4.14.1 indicating that the Landlord does not intend to reinstate as aforesaid, this Lease shall forthwith determine without prejudice to any claim by either party against the other in respect of any antecedent breach of covenant. 4.14.4 If the Landlord shall fail to give notice to the Tenant in accordance with clause 4.14.1 above, the Tenant may at any time after the expiry of a period of 12 months following the Act of Terrorism forthwith determine this Lease by written notice to the Landlord but without prejudice to any claim by either party against the other in respect of any antecedent breach of covenant. 4.14.5 All insurance monies payable will belong to the Landlord.

Act of Terrorism. 4.14.1 5.10.1 If the Premises or any part thereof pa▇▇ ▇▇▇▇▇of or the access thereto shall be destroyed or damaged by an Act of Terrorism so as to render the Premises unfit for occupation and use then only to the extent an Act of Terrorism is not an Insured Risk under the terms of clause 4.1 then the Landlord shall within 12 months of such Act of Terrorism give written notice to the Tenant indicating whether or not the Landlord intends to reinstate the Premises. 4.14.2 5.10.2 If the Landlord intends to reinstate the Premises then, subject to: (a) the Landlord obtaining any necessary planning and other permission, consents, licences and approvals (which the Landlord shall use all reasonable endeavours to obtain but shall not be obliged to institute or pursue any appeal); (b) the necessary labour and materials being and remaining available (which the Landlord shall use its reasonable endeavours to obtain as soon as reasonably practicable), the Landlord shall use reasonable endeavours to reinstate the Premises as quickly as may reasonably be practicable at its own expense in accordance with the foregoing provisions. 4.14.3 5.10.3 If the Landlord serves written notice upon the Tenant pursuant to clause 4.14.1 5.10.1 indicating that the Landlord does not intend to reinstate as aforesaid, this Lease shall forthwith determine without prejudice to any claim by either party against the other in respect of any antecedent breach of covenant. 4.14.4 5.10.4 If the Landlord shall fail to give notice to the Tenant in accordance with clause 4.14.1 5.10.1 above, the Tenant may at any time after the expiry of a period of 12 months following the Act of Terrorism forthwith determine this Lease by written notice to the Landlord but without prejudice to any claim by either party against the other in respect of any antecedent breach of covenant. 4.14.5 5.10.5 All insurance monies payable will belong to the Landlord.