Common use of FIRE CLAUSE Clause in Contracts

FIRE CLAUSE. If, during the term of this lease, or any renewal thereof, the Premises are so injured by fire or other casualty not occasioned through Lessee's negligence that they are rendered wholly unfit for occupancy and cannot be repaired within Ninety (90) days, then Lessee shall have the option to terminate this lease. Otherwise, regardless of damage, the Premises shall be repaired within Ninety (90) days as long as the Lessee is current under the office lease and Lessee's tenancy dues not expire within six (6) months from the date of destruction. If such injury can be repaired within Ninety (90) days the Lessor shall enter and repair and this lease shall not be affected except that the rent shall be apportioned or suspended while such repairs are being made. If said Premises be slightly injured by fire or other such casualty, as not to be rendered unfit for occupancy, then it is agreed that the Lessor shall enter and repair with reasonable promptness and, in that case, the rent then accrued or accruing shall not terminate or cease. In the event that the Premises cannot be repaired within Ninety (90) days, then this Lease shall terminate.

Appears in 1 contract

Sources: Warehouse Lease Agreement (Nomos Corp)

FIRE CLAUSE. If, during the term of this lease, or any renewal thereof, In case the Premises are shall be so injured damaged by fire or other cause (a) so as to cause a material alteration in the character of the Premises and to prevent Lessee from using them in substantially the manner theretofore used, and (b) such that the same cannot reasonably be repaired by Lessor within one hundred twenty (120) days after the occurrence of such casualty, Lessee may terminate this Lease upon giving notice to Lessee within thirty (30) days after the casualty not occasioned through Lessee's negligence occurs. If the damage is such that they are rendered wholly unfit repairs can be completed within one hundred twenty (120) days from the date of the casualty, Lessor shall so notify Lessee within thirty (30) days after the casualty and Lessor agrees to make such repairs promptly and to allow Lessee an abatement in rent for occupancy and such time as the building remains untenantable. If necessary repairs cannot be repaired made within Ninety one hundred twenty (90120) daysdays after the occurrence of such casualty, then either Lessor or Lessee shall have may terminate this Lease upon written notice to the option other within thirty (30) days after the casualty occurs. If neither party so elects to terminate this lease. Otherwise, regardless of damage, the Premises Lessor shall be repaired within Ninety (90) days as long make all repairs promptly and to allow Lessee an abatement in rent for such time as the Lessee is current under building remains untenantable. In the office lease and Lessee's tenancy dues not expire within six (6) months from the date event of destruction. If such injury can be repaired within Ninety (90) days the Lessor shall enter and repair and this lease shall not be affected except that partial loss, the rent shall be apportioned or suspended while such repairs are being made. If said Premises be slightly injured abated by fire or other such casualty, as not a portion equal to be the area rendered unfit for occupancy, then it is agreed that use against the Lessor shall enter and repair with reasonable promptness and, in that case, the rent then accrued or accruing shall not terminate or cease. In the event that the Premises cannot be repaired within Ninety (90) days, then this Lease shall terminatetotal area.

Appears in 1 contract

Sources: Lease Agreement (Accuride Corp)