Common use of Obligation to Restore Clause in Contracts

Obligation to Restore. If by fire or other casualty either the Premises or the Building is destroyed or damaged, but only to the extent of less than Twenty-Five (25%) Percent of the insured value of the Premises or the Building (as applicable), and more than one (1) year remains in either the initial Lease Term or Renewal Term, as applicable, then Landlord will restore the Premises within ninety (90) days of the date of the fire or other casualty subject to events of force majeure.

Obligation to Restore. If by fire or other casualty either the Premises or the Building is destroyed or damaged, but only to the extent of less than Twenty-Five (25%) Percent of the insured value of the Premises or the Building (as applicable), and more than one (1) year remains in either the initial Lease Term or Renewal Term, as applicable, then Landlord will restore the Premises within ninety (90) days of the date of the fire or other casualty subject to events of force majeure.. D.