If the Premises or any part thereof (whether or not within the Licensed Area) shall be destroyed or so damaged (not attributable to the act, omission or default of the Licensee under this Agreement) by fire, typhoon, act of God, force majeure or any cause beyond the control of the Licensor as to be rendered unfit for use and occupation, the following provisions shall apply:
(a) the Licensor shall not be liable to pay any damages or compensation to the Licensee in these circumstances;
(b) the Licensor shall be under no obligation to repair or re-instate the Premises if, in the Licensor's sole and absolute opinion, it is not reasonably economical or practicable to do so;