Document ID: 13929

Text:
the holder of a mortgage on the Building or Project or any other modifications to the Common Areas deemed desirable by Landlord, which are consistent with the character of the Project, provided that access to the Premises and any common restrooms serving the Premises shall not be materially impaired. Notwithstanding any other provision of this Lease, upon the occurrence of any damage to the Premises, upon notice (the Landlord Repair Notice) to Tenant from Landlord, Tenant shall assign to Landlord (or to any party designated by Landlord) all insurance proceeds payable to Tenant under Tenants insurance required to be carried under items (ii)and (iii)of Section10.3.2 of this Lease with respect to the Improvements and any Alterations, and Landlord shall repair any injury or damage to the Improvements and such Alterations installed in the Premises and shall return such Improvements and such Alterations to their original condition; provided that if the cost of repair to the Improvements and such Alterations by Landlord exceeds the amount of insurance proceeds received by Landlord from Tenants insurance carrier, as assigned by Tenant, the cost of such repairs shall be paid by Tenant to Landlord prior to Landlords commencement of repair of the damage. In the event that Landlord does not deliver the Landlord Repair Notice within sixty (60)days following the date the casualty becomes known to Landlord, Tenant shall, at its sole cost and expense, repair any injury or damage to the Improvements installed in the Premises and shall return such Improvements to their original condition. Whether or not Landlord delivers a Landlord Repair Notice, prior to the commencement of construction, Tenant shall submit to Landlord, for Landlords review and approval, all plans, specifications and working drawings relating thereto, and Landlord shall select the contractors to perform such improvement work. Landlord shall not be liable for any inconvenience or annoyance to Tenant or its visitors, or injury to Tenants business resulting in any way from such damage or the repair thereof; provided however, that if such fire or other casualty shall have damaged the Premises or Common Areas necessary to Tenants occupancy, and if such damage is not the result of the willful misconduct of Tenant or Tenants employees, contractors, licensees, or invitees, Landlord shall allow Tenant a proportionate abatement of Rent during the time and to the extent the Premises are unfit for occupancy, which proportionality shall be based on the ratio that the amount of rentable square feet of the Premises which is unfit for occupancy for the purposes permitted under this Lease and not occupied by Tenant as a result thereof bears to the total rentable square feet of the Premises. In the event that Landlord shall not deliver the Landlord Repair Notice, Tenants right to rent abatement pursuant to the preceding sentence shall terminate as of the date which is reasonably determined by Landlord to be the date Tenant should have completed repairs to the Premises assuming Tenant used reasonable due diligence in connection therewith.

Named Entities:

Tokenized Text:
the
holder
of
a
mortgage
on
the
Building
or
Project
or
any
other
modifications
to
the
Common
Areas
deemed
desirable
by
Landlord
,
which
are
consistent
with
the
character
of
the
Project
,
provided
that
access
to
the
Premises
and
any
common
restrooms
serving
the
Premises
shall
not
be
materially
impaired
.
Notwithstanding
any
other
provision
of
this
Lease
,
upon
the
occurrence
of
any
damage
to
the
Premises
,
upon
notice
(
the
Landlord
Repair
Notice
)
to
Tenant
from
Landlord
,
Tenant
shall
assign
to
Landlord
(
or
to
any
party
designated
by
Landlord
)
all
insurance
proceeds
payable
to
Tenant
under
Tenants
insurance
required
to
be
carried
under
items
(
ii
)
and
(
iii
)
of
Section10
.
3
.
2
of
this
Lease
with
respect
to
the
Improvements
and
any
Alterations
,
and
Landlord
shall
repair
any
injury
or
damage
to
the
Improvements
and
such
Alterations
installed
in
the
Premises
and
shall
return
such
Improvements
and
such
Alterations
to
their
original
condition
;
provided
that
if
the
cost
of
repair
to
the
Improvements
and
such
Alterations
by
Landlord
exceeds
the
amount
of
insurance
proceeds
received
by
Landlord
from
Tenants
insurance
carrier
,
as
assigned
by
Tenant
,
the
cost
of
such
repairs
shall
be
paid
by
Tenant
to
Landlord
prior
to
Landlords
commencement
of
repair
of
the
damage
.
In
the
event
that
Landlord
does
not
deliver
the
Landlord
Repair
Notice
within
sixty
(
60
)
days
following
the
date
the
casualty
becomes
known
to
Landlord
,
Tenant
shall
,
at
its
sole
cost
and
expense
,
repair
any
injury
or
damage
to
the
Improvements
installed
in
the
Premises
and
shall
return
such
Improvements
to
their
original
condition
.
Whether
or
not
Landlord
delivers
a
Landlord
Repair
Notice
,
prior
to
the
commencement
of
construction
,
Tenant
shall
submit
to
Landlord
,
for
Landlords
review
and
approval
,
all
plans
,
specifications
and
working
drawings
relating
thereto
,
and
Landlord
shall
select
the
contractors
to
perform
such
improvement
work
.
Landlord
shall
not
be
liable
for
any
inconvenience
or
annoyance
to
Tenant
or
its
visitors
,
or
injury
to
Tenants
business
resulting
in
any
way
from
such
damage
or
the
repair
thereof
;
provided
however
,
that
if
such
fire
or
other
casualty
shall
have
damaged
the
Premises
or
Common
Areas
necessary
to
Tenants
occupancy
,
and
if
such
damage
is
not
the
result
of
the
willful
misconduct
of
Tenant
or
Tenants
employees
,
contractors
,
licensees
,
or
invitees
,
Landlord
shall
allow
Tenant
a
proportionate
abatement
of
Rent
during
the
time
and
to
the
extent
the
Premises
are
unfit
for
occupancy
,
which
proportionality
shall
be
based
on
the
ratio
that
the
amount
of
rentable
square
feet
of
the
Premises
which
is
unfit
for
occupancy
for
the
purposes
permitted
under
this
Lease
and
not
occupied
by
Tenant
as
a
result
thereof
bears
to
the
total
rentable
square
feet
of
the
Premises
.
In
the
event
that
Landlord
shall
not
deliver
the
Landlord
Repair
Notice
,
Tenants
right
to
rent
abatement
pursuant
to
the
preceding
sentence
shall
terminate
as
of
the
date
which
is
reasonably
determined
by
Landlord
to
be
the
date
Tenant
should
have
completed
repairs
to
the
Premises
assuming
Tenant
used
reasonable
due
diligence
in
connection
therewith
.