Assignment of Unearned Premiums. The Lessee hereby assigns to the Lessor all rights of the Lessee in and to any unearned premiums on any insurance policy required hereunder to be furnished by the Lessee which may become payable or are refundable after the occurrence of an Event of Default hereunder. In the event that this Lease is terminated for any reason (other than the purchase of the Leased Property by the Lessee), the insurance policies required to be maintained hereunder, including all right, title and interest of the Lessee thereunder, shall become the absolute property of the Lessor. In the event that this Lease is terminated for any reason (other than the purchase of the Leased Property by the Lessee), the insurance policies required to be maintained hereunder, excluding Workers' Compensation and Employers Liability Insurance, shall continue to be maintained for a period of fifteen (15) days following such termination; provided, however, that the Lessee shall not be obligated to maintain commercial general liability and professional liability insurance for such fifteen (15) day period to the extent that any such insurance is unavailable from the then current insurer as a result of any such termination. The provisions of this Section 12.1.10 shall survive any termination of this Lease.
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Samples: Facility Lease Agreement (Alterra Healthcare Corp), Facility Lease Agreement (Alternative Living Services Inc), Facility Lease Agreement (Alternative Living Services Inc)
