Damage or Destruction of Improvements. If the improvements located upon the Premises shall be damaged or destroyed by any cause insured against, Landlord shall, rebuild or restore the damaged or destroyed improvements, using insurance proceeds for such purpose and this Lease shall continue in full force and effect. In such event the rental reserved hereunder shall be paid by the business interruption insurance hereinafter provided for. If the remaining term is one (1) year or less, either party shall have the right to terminate this Lease.
Appears in 3 contracts
Sources: Lease Assignment Agreement (Centennial Healthcare Corp), Lease Agreement (Centennial Healthcare Corp), Lease Agreement (Centennial Healthcare Corp)