Res 1996-036 - Laserfiche WebLink

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97J -11- repair the improvements. If the Leased Premises shall be damaged or destroyed by fire or other casualty so as to render untenantable more than fifty percent of the floor area of the entire building on the Leased Premises, then Lessee may elect - either to terminate this Lease or to proceed to rebuild and repair the improvements. Lessee shall give written notice to Lessor of such election within 60 days after notice of such casualty and, if it elects to rebuild and repair, shall proceed to do so with reasonable diligence and at its sole cost 'and expense. 11.3 During any period of reconstruction or repair of the Leased Premises, this lease shall continue in full force and effect , except that the fixed rental shall be abated for the length of time necessary for the reconstruction or repairs in proportion to the amount of floor area of the Leased Premises rendered unusable, but there shall be no abatement of any other amounts payable by Lessee under the terms hereof. 11.4 Any insurance against casualtY,loss which may be carried by either Lessor or Lessee shall be under the sole control of the party carrying such insurance and the other party shall have no interest in any proceeds of such insurance. Lessor and Lessee hereby expressly waive any cause of action or right of recovery which either of them may hereafter have against the other for any loss or damage to the Leased Premises or to the contents thereof belonging to either contained in said premises caused by fire, explosion, or other risk covered by the Texas standard form of fire and extended coverage policy. ARTICLE 12. Assignment and subletting 12.1 Lessee shall not assign or in any manner transfer this Lease or any estate or interest therein or sublet the Leased Premises or any part thereof without the prior written consent of Lessor. The consent by the Lessor shall not be unduly withheld. Consent by Lessor to one or more assignments or