Res 1992-139 - Laserfiche WebLink

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( ')'1 L electricity, or oil leaking or escaping into the Leased Premises at the time of execution of this Lease. ARTICLE X. Access to Premises 10.1. Lessor shall have the right to enter upon the Leased Premises at all reasonable hours for the purpose of inspection. Lessor shall not be liable to Lessee for any expense, loss, or damage from any such entry upon the Leased Premises. ARTICLE XI. Damage by Casualty 11. 1. Lessee shall give immediate written notice to Lessor of any damage caused to the Leased Premises by fire or other casualty. 11. 2. In the event that any improvements upon the>t Leased Premises shall be damaged or destroyed by fire or other casualty insurable under standard fire and extended coverage insurance and Lessor does not elect to terminate the Lease as hereinafter provided, Lessor shall proceed with reasonable diligence and at its sole cost and expense to rebuild and 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 per cent of the floor area of the entire building on the Leased Premises, then Lessor may elect either to terminate this Lease or to proceed to rebuild and repair the improvements. Lessor shall give written notice to Lessee 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. Lessor's obligation to rebuild and repair under this article shall be limited to restoring the damaged portion of the Leased Premises to substantially the condition of the Leased Premises at the time of Lessor's tender of possession thereof to Lessee _c hereunder, as modified by ordinary wear and tear preceding such damage or destruction. Lessee agrees that, promptly after completion of such work by Lessor, it will proceed with -12-