Time to Complete. Lessee shall commence the repairs or rebuilding as soon as reasonably practicable after insurance proceeds are received and complete same with due diligence as soon as reasonably practicable, subject to extensions for Force Majeure, but in no event longer than one (1) year. If Lessor or the Brazos River Authority, in either’s sole discretion, determines the damaged Improvements create a hazard to health, safety or welfare, Lessor or Brazos River Authority may establish a shorter time frame for repair, replacement or removal.
Appears in 4 contracts
Sources: Commercial Ground Lease, Commercial Ground Lease, Commercial Ground Lease