Laserfiche WebLink
Lease, the District shall in good faith proceed with and <br /> consummate the settlement of the District' s insurance <br /> claim, if any, and thereafter promptly commence and <br /> diligently pursue any repairs required , subject to any <br /> statutorily required approval of the state board of <br /> education and any other governing body. Pending repair or <br /> restoration , rent shall abate following such damage or <br /> destruction in proportion to the interference with the <br /> City' s use of the Leased Premises.- If the Leased Premises <br /> shall be so slightly injured by any cause aforesaid so <br /> that no part thereof is rendered unfit for occupancy , then <br /> the District shall repair the same with reasonable <br /> promptness , and in that case the rent shall not be abated <br /> during such repair period . Except as to damage or <br /> destruction caused by the District' s willful conduct ,. the <br /> District shall not be required ' to repair or replace <br /> improvements or betterments placed by the City on the <br /> Leased Premises . Notwithstanding anything to the contrary <br /> herein , if the damage or destruction, described in this <br /> paragraph , occurs within thirty ( 30 ) months of the end of <br /> the term of this Lease and the City does not forthwith <br /> exercise any renewal options which it may have, so that <br /> the remaining . term is extended longer than the number of <br /> months set forth above, or if more than twenty percent <br /> ( 20% ) of the area of the Building is substantially damaged <br /> or destroyed by fire or other casualty, this Lease may be <br /> • terminated by either party by written notice to the <br /> other . In the event of termination, all advance rent paid <br /> to the District which has not accrued prior to termination <br /> shall be refunded to the City. <br /> -8- <br />