Common use of FIRE CLAUSE Clause in Contracts

FIRE CLAUSE. If the said Premises shall be made untenantable, in whole, or in substantial part, by fire or other casualty, the Lessor, if it so elects, may (a) terminate the term of this Lease effective as of the date of such fire or casualty, by written notice given to the Lessee sixty (60) days after such date, or (b) repair, restore or rehabilitate said Premises at Lessor's expense, in which event the term hereof shall not tem1inate, but any fixed rent herein reserved shall be abated on a per diem basis in proportion to the area of the Premises rendered untenantable by such fire or casualty. Lessee shall give to Lessor prompt written notice of any fire, damage or casualty occurring in, about or to be Premises. In the event Lessor elects to rehabilitate said Premises, and Lessor has not substantially completed said rehabilitation within one hundred eighty (180) days from the date of such fire or other casualty, Lessee shall have the option, upon written notice to Lessor, to cancel and terminate this Lease, and all rent due hereunder shall be prorated up to and including the date of receipt of such notice of termination by Lessor.

FIRE CLAUSE. If the said Premises shall be made untenantable, in whole, or in a substantial part, by fire or other casualty, the Lessor, if it so elects, may (a) terminate the term of this Lease effective as of the date of such fire or casualty, by written notice given to the Lessee sixty fifteen (6015) days after such date, or (b) repair, restore or rehabilitate said the Premises at Lessorthe lessor's expense, in which event the term hereof shall not tem1inateterminate, but any fixed rent herein reserved shall be abated on a per diem basis in proportion to the area of the Premises rendered untenantable by such fire or casualty. The Lessee shall give to the Lessor prompt written notice of any fire, damage or casualty occurring in, about or to be the Premises. In the event the Lessor elects to rehabilitate said the Premises, and the Lessor has not substantially completed said the rehabilitation within one hundred eighty (180) days from the date of such fire or other casualty, the Lessee shall have the option, upon written notice to the Lessor, to cancel and terminate this Lease, and all rent due hereunder shall be prorated up to and including the date of receipt of such the notice of termination by to the Lessor.

FIRE CLAUSE. If the said Premises shall be made untenantable, in whole, or in a substantial part, by fire or other casualty, the Lessor, if it so elects, may (a) terminate the term of this Lease effective as of the date of such fire or casualty, by written notice given to the Lessee sixty fifteen (6015) days after such date, or (b) repair, restore or rehabilitate said the Premises at the Lessor's expense, in which event the term hereof shall not tem1inateterminate, but any fixed rent herein reserved shall be abated on a per diem basis in proportion to the area of the Premises rendered untenantable by such fire or casualty. The Lessee shall give to the Lessor prompt written notice of any fire, damage or casualty occurring in, about or to be the Premises. In the event the Lessor elects to rehabilitate said the Premises, and the Lessor has not substantially completed said the rehabilitation within one hundred eighty (180) days from the date of such fire or other casualty, the Lessee shall have the option, upon written notice to the Lessor, to cancel and terminate this Lease, and all rent due hereunder shall be prorated up to and including the date of receipt of such the notice of termination by to the Lessor.