the foundation.
(C)
NOTWITHSTANDING ANY LANGUAGE HEREIN TO THE CONTRARY, IF AT THE
TIME OF ANY SUBSTANTIAL DAMAGE TO THE LEASED PREMISES FROM A CASUALTY, LESS THAN
ONE (1) YEAR REMAINS IN THE TERM (AND TENANT HAS NO FURTHER OUTSTANDING RENEWAL
OPTIONS), THEN (I) LANDLORD SHALL HAVE THE RIGHT, IN ITS SOLE OPTION, TO ELECT
NOT TO REBUILD OR RESTORE THE DAMAGED PROPERTY, SUCH RIGHT TO BE EXERCISED, IF
AT ALL, BY WRITTEN NOTICE TO TENANT WITHIN THIRTY (30) DAYS AFTER THE DATE OF
SUCH CASUALTY, AND (II) TENANT SHALL HAVE THE RIGHT, IN ITS SOLE OPTION, TO
TERMINATE THIS LEASE, SUCH
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RIGHT TO BE EXERCISED, IF AT ALL, WITHIN THIRTY (30) DAYS AFTER THE DATE OF SUCH
CASUALTY OR WITHIN THIRTY (30) DAYS AFTER TENANT'S RECEIPT OF LANDLORD'S NOTICE
PURSUANT TO SECTION 6.3(C)(I) ABOVE.
(D)
IF LANDLORD IS HEREIN REQUIRED TO PERFORM ANY LANDLORD'S
RESTORATION WORK (I.E., A CASUALTY SHALL OCCUR AND THIS LEASE SHALL NOT BE
TERMINATED AS HEREIN-ABOVE PROVIDED), THEN THE FOLLOWING PROVISIONS SHALL APPLY:
(1)
LANDLORD SHALL COMMENCE LANDLORD'S RESTORATION WORK AS
EXPEDITIOUSLY AS POSSIBLE BUT NOT LATER THAN SIXTY (60) DAYS FOLLOWING THE
CASUALTY, AND SHALL THEREAFTER DILIGENTLY PROSECUTE THE SAME TO COMPLETION.
LANDLORD SHALL NOTIFY TENANT OF THE DATE ON WHICH IT COMMENCES LANDLORD'S
RESTORATION WORK, WHICH NOTICE SHALL BE ACCOMPANIED BY THE WRITTEN STATEMENT OF
LANDLORD'S ARCHITECT SUPERVISING SUCH WORK CERTIFYING TO SUCH DATE.
(2)
NOTWITHSTANDING ANYTHING HEREIN CONTAINED TO THE CONTRARY, IF
LANDLORD FAILS TO SUBSTANTIALLY COMPLETE LANDLORD'S RESTORATION WORK (IT BEING
UNDERSTOOD THAT IN NO EVENT SHALL LANDLORD'S RESTORATION WORK BE DEEMED
SUBSTANTIALLY COMPLETED UNLESS AND UNTIL THE LEASED PREMISES ARE TENANTABLE AND
THE COMMON AREAS FUNCTIONAL FOR ALL PURPOSES HEREUNDER) ON OR PRIOR TO THE
OUTSIDE COMPLETION DATE, THEN TENANT MAY TERMINATE THIS LEASE BY DELIVERING
WRITTEN NOTICE TO LANDLORD WITHIN THIRTY (30) DAYS AFTER THE OUTSIDE COMPLETION
DATE, BUT BEFORE LANDLORD'S RESTORATION WORK SHALL HAVE BEEN SUBSTANTIALLY
COMPLETED.
IF TENANT FAILS TO DELIVER SUCH NOTICE WITHIN SUCH THIRTY (30) DAY
PERIOD, THEN TENANT SHALL HAVE WAIVED ITS RIGHT TO TERMINATE THIS LEASE UNDER
THIS SECTION 6.3(D)(2) FOR A PERIOD OF SIX (6) MONTHS; AFTER WHICH 6-MONTH
PERIOD, SUCH RIGHT SHALL AGAIN BE AVAILABLE FOR A PERIOD OF THIRTY (30) DAYS, ON
THE SAME TERMS, IF THE LANDLORD'S RESTORATION WORK IS STILL NOT SUBSTANTIALLY
COMPLETED. THE PROVISIONS OF THE TWO IMMEDIATELY PRECEDING SENTENCES SHALL
IMPLEMENTED REPEATEDLY UNTIL THE LANDLORD'S RESTORATION WORK IS SUBSTANTIALLY
COMPLETED OR THIS LEASE IS TERMINATED AS THEREIN PROVIDED. THE "OUTSIDE
COMPLETION DATE" SHALL MEAN THE DATE OF THE LRW ESTIMATE; PROVIDED, HOWEVER,
THAT THE OUTSIDE COMPLETION DATE SHALL BE AUTOMATICALLY EXTENDED ONE DAY FOR
EACH DAY BY WHICH LANDLORD IS DELAYED IN SUBSTANTIALLY COMPLETING LANDLORD'S
RESTORATION WORK BY REASON OF FORCE MAJEURE EVENTS (BUT IN NO EVENT SHALL THE
OUTSIDE COMPLETION DATE BE EXTENDED, IN THE AGGREGATE, FOR MORE THAN SIXTY (60)
DAYS BY FORCE MAJEURE EVENTS).
6.4
Property Insurance
Landlord shall maintain standard fire and extended coverage insurance covering
the Property (including the