Common use of Partial Destruction Clause in Contracts

Partial Destruction. If the Premises or any part thereof is partially damaged or destroyed by fire, explosion, or any other casualty, provided said damage or destruction is not caused by the negligence or willful misconduct of Tenant, its employees, agents, or invitees (as finally determined by a court, arbitrator, mediator or governmental agency with proper jurisdiction), Library shall (after such a final determination is made) restore the Premises to the extent insurance proceeds are available, not including Tenant's Improvements, to its former condition within a reasonable time after such damage or destruction, and Base and Additional Rents shall ▇▇▇▇▇ equitably as of the date of such damage in proportion to the loss of use for the period after such damage until immediately after such repairs are completed and Tenant completes the necessary repairs to its improvements.

Appears in 9 contracts

Sources: Lease Agreement, Lease Agreement, Lease Agreement