Common use of Damage to the Leased Premises Clause in Contracts

Damage to the Leased Premises. Subject to Section 5.2, if the Leased Premises are damaged or destroyed as a result of a peril insured or required to be insured against by the Landlord, the Landlord will repair the Leased Premises promptly to the extent of the Landlord’s Work, at the Landlord’s expense. If part or all of the Leased Premises are not usable for the purposes contemplated by this Lease because of the damage or destruction, Basic Rent and Additional Rent will ▇▇▇▇▇ in the proportion that the Leasable Area of the part of the Leased Premises that is not usable is to the Leasable Area of the whole of the Leased Premises from the date of the damage or destruction until the date when the Landlord substantially completes the Landlord’s Work.

Damage to the Leased Premises. Subject to Section 5.2, if the Leased Premises are damaged or destroyed as a result of a peril insured or required to be insured against by the Landlord, the Landlord will repair the Leased Premises promptly to the extent of the Landlord’s Work, at the Landlord’s expense. If part or all of the Leased Premises are not usable for the purposes contemplated by this Lease because of the damage or destruction, Basic Base Rent and Additional Rent will ▇▇▇▇▇ in the proportion that the Leasable Area of the part of the Leased Premises that is not usable is to the Leasable Area of the whole of the Leased Premises from the date of the damage or destruction until the date when the Landlord substantially completes the Landlord’s Work.