Default at the Time of Damage or Destruction. If Tenant is in default under the terms of this Lease at the time damage or destruction occurs, State may elect to terminate the Lease and State then shall have the right to retain any insurance proceeds payable as a result of the damage or destruction.
Appears in 5 contracts
Samples: Aquatic Lands Lease, Aquatic Lands Lease, Aquatic Lands Lease
