Orange County NC Website
a <br />rrvnn .gnu 0Q,1k -, <br />17 <br />negligence of Lessee's agents, employees or sublessees to the <br />extent permitted by law and to the extent of the insurance coverage <br />purchased and maintained by the Lessee. <br />4.03 CASUALTY. If, during the term of this Agreement, the <br />Premises shall be damaged by <br />fire or some other hazard, the <br />occurrence of which has been insured against by Lessor and <br />reimbursement therefor by Lessee having been made in accordance <br />with paragraph 3.02(c)(1), Lessor shall repair such damage and <br />restore the Premises to their pre - casualty condition unless (1) the <br />damage sustained tv the Premises shall be so great as to make it <br />economically impracticable to repair the premises within a period <br />of one hundred twenty (12o) days or (2) Lessee elects to terminate <br />this Agreement. If (1) shall occur, Lessee shall be privileged to' <br />terminate this Agreement and may vacate the Premises without any <br />liability for rent beyond the date on which the casualty occurred. <br />Lessor shall not be responsible for the repair or replacement <br />of any improvements, betterments, fixture s, equipment, furniture, <br />inventory or other contents added or owned by Lessee' The <br />responsibility for the repair or replacement of these items shall <br />be Lessee's, and unless and until Lessee shall give to Lessor <br />written adequate assurances that Lessee will make such repair or <br />replacements, Lessor shall not be obligated to repair and restore <br />the premises as set forth above. <br />Except as provided to the contrary above, Lessee's rental <br />obligations to Lessor shall abate and be suspended for a period <br />beginning on the date the casualty occurred and ending on the date <br />-15- <br />