Common use of Failure to Commence Repairs Clause in Contracts

Failure to Commence Repairs. If the Work has not commenced within ninety (90) Days after the date of the damage or destruction or if the Work, after it commenced, does not proceed expeditiously, then Landlord may give Tenant a ten- (10) Day Notice to complete the Work. If Tenant fails to complete the Work within the ten- (10) Day period, then Landlord may terminate this Lease. If this Lease is terminated, the insurance proceeds shall be paid to Landlord and all policies of insurance and insurance proceeds receivable shall belong to and be retained by Landlord without any claim thereon by Tenant.

Failure to Commence Repairs. If the Work has not commenced within ninety (90) Days calendar days after the date of the damage or destruction or if the Work, after it commenced, does not proceed expeditiously, then Landlord may give Tenant a ten- (1010-) Day business day Notice to complete the Work. If Tenant fails to complete the Work within the ten- (1010-) Day day period, then Landlord may terminate this Lease. If this Lease is terminated, the insurance proceeds shall be paid to Landlord and all policies of insurance and insurance proceeds receivable shall belong to and be retained by Landlord without any claim thereon by Tenant.