Damage to the Leased Premises. If the Leased Premises shall be partially damaged or rendered untenantable by fire or other causes, without being due to the fault or neglect of Tenant, or Tenant's servants, employees, agents or licensees, the Leased premises so damaged or rendered untenantable shall be repaired promptly and within a reasonable time, by and at the expense of Landlord and the rent from the time of such damage or untenantability until such repairs shall be completed shall ▇▇▇▇▇ in proportion to the part of the Leased Premises which is not reasonably useable by Tenant; in such event, any rent paid in advance shall be apportioned and refunded. If such partial damage or untenantability is due to the fault or negligence of Tenant, or Tenant's servants, employees, agents or licensees, the Leased Premises so damaged shall be repaired promptly and within a reasonable time by Landlord, but there shall be no apportionment or abatement of rent. In the event of the Leased premises being so badly damaged that it cannot be repaired within ninety (90) days from the date of such damage, then the Lease Term hereby created shall, at the option of either the Landlord or the Tenant, cease thirty (30) days after written notice from either party to the other party, and Tenant shall surrender the Leased Premises and all of Tenant's interest therein to Landlord, and shall be liable for rent only to the time of the surrender, and Landlord may reenter and repossess the Leased Premises.
Appears in 1 contract
Sources: Lease Agreement (Prophet 21 Inc)
Damage to the Leased Premises. If the Leased Premises shall be partially damaged or rendered untenantable by fire or other causes, without being due to unless caused by the fault uninsured intentional or neglect willful misconduct of Tenant, or Tenant's servants, employees, agents or licensees, the Leased premises Premises so damaged or rendered untenantable shall be repaired promptly and within a reasonable time, by and at the expense of Landlord and the rent from the time of such damage or untenantability until such repairs shall be completed shall ▇▇▇▇▇ in proportion to the part of the Leased Premises which is not reasonably useable by Tenant; in such event, any rent paid in advance shall be apportioned and refunded. If such partial damage or untenantability is due to the fault uninsured intentional or negligence willful misconduct of Tenant, or Tenant's servants, employees, agents or licensees, the Leased Premises so damaged shall be repaired promptly and within a reasonable time by Landlord, but there shall be no apportionment or abatement of rent. In the event of the Leased premises Premises being so badly damaged that it cannot be repaired within ninety (90) days from the date of such damage, then the Lease Term hereby created shall, at the option of either the Landlord or the Tenant, Tenant cease thirty (30) days after written notice from either party to the other party, and Tenant shall surrender the Leased Premises and all of Tenant's interest therein to Landlord, and shall be liable for rent only to the time of the surrender, and Landlord may reenter and repossess the Leased Premises.
Appears in 1 contract
Sources: Merger Agreement (Prophet 21 Inc)