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6A (1)
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01-03-12 Packet
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6A (1)
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steam, or other pipes, or sewerage, or the bursting or leaking of plumbing or of any plumbing or heating fixtures or <br />waste or soil pipe existing in connection with the Building or Premises, nor for damage occasioned by water, nor for <br />any damages arising from negligence of co- tenants or other occupants of the Building, or the agents, employees or <br />servants of any of them, or of any owners or occupants of adjacent or contiguous property. <br />8.5. Release of Subrogation. Each party hereto does hereby release and discharge the other party from <br />any liability, which the released party would have had (but for this section) to the releasing party, arising out of or in <br />connection with any accident or occurrence or casualty: (a.) which is or would be covered by a fire and extended - <br />coverage policy with vandalism and malicious mischief endorsement or by a sprinkler leakage or water damage <br />policy, regardless of whether or not such coverage is being carried by the releasing party, and (b.) to the extent of <br />recovery under any other casualty, which accident, occurrence or casualty may have resulted in whole or in part <br />from any act or neglect of the released party, its officers, agents or employees; and insofar as Tenant is the releasing <br />party, it will also release the other tenants in the Building from any such liability as if the other tenants were each a <br />released party under this section. Notwithstanding anything contained in this Lease to the contrary, Landlord shall <br />not be liable for any damage to person or party arising from the negligent act or omission or willful misconduct of <br />any other tenant or occupant of the Building, and Tenant hereby expressly waives any claim for such damages. <br />8.6. The Tenant will not allow said Premises to be used for any purpose that will increase the rate of <br />insurance thereon, nor to be occupied in whole or in part by any other person. <br />ARTICLE IX. <br />CASUALTY AND CONDEMNATION. <br />9.1. Casual . <br />(a) Insubstantial Damage. If the Premises is damaged by fire or any other casualty (the "Casual <br />Damage"), and the estimated cost to repair such Casualty Damage is less than fifty percent (50 %) of the estimated <br />cost to replace the Premises, then Landlord shall repair such Casualty Damage so long as sufficient insurance <br />proceeds recovered as a result of such Casualty Damage remain after: (i) Landlord's mortgagee has withheld any <br />amount of the proceeds to which it is entitled, if any; and (ii) deduction for any expenses incurred in collecting the <br />insurance proceeds. Notwithstanding anything to the contrary set forth herein, in no event shall Landlord be <br />required to repair or replace: (1) the improvements to the Premises made by Tenant; or (2) any trade fixtures, <br />equipment, or inventory of Tenant (or any other person or entity) located on, in, or about the Premises. <br />(b) Substantial Damage. If. (i) there is Casualty Damage to the Premises, and the cost to repair such <br />Casualty Damage is equal to or greater than fifty percent (50 %) of the estimated cost to replace the Premises; (ii) <br />there is Casualty Damage to the building of which the Premises is a part, and the cost to repair such Casualty <br />Damage is equal to or greater than twenty-five percent (25 %) of the cost to replace such building; or (c) there is <br />Casualty Damage to the buildings (taken in the aggregate) in the Building, and the cost to repair such Casualty <br />Damage is equal to or greater than twenty-five percent (25 %) of the cost to replace such buildings; then Landlord <br />may elect either to: (1) repair or rebuild the Premises, the building of which the Premises is a part, or the aggregate <br />buildings in the Building, as applicable; or (2) terminate this Lease upon delivery of written notice to Tenant within <br />ninety (90) days after the occurrence of the Casualty Damage. <br />(c) Partial Abatement of Rent. Base Rent shall be abated proportionately (based upon the proportion <br />that the unusable space in the Premises due to the Casualty Damage bears to the total space in the Premises) for each <br />day that the Premises or any part thereof is unusable by reason of any Casualty Damage. <br />(d) Repair of Tenant Improvements. If Landlord is required or elects to repair the Premises, then <br />Tenant shall repair or replace: (i) the alterations, improvements, and additions to the Premises made by Tenant; <br />and/or (ii) any equipment of Tenant located on, in, or about the Premises. <br />
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