Common use of Excess Proceeds Clause in Contracts

Excess Proceeds. Any excess proceeds of insurance remaining after the completion of the restoration or reconstruction of the Leased Property (or in the event neither Landlord nor Tenant is required or elects to repair and restore) shall be paid first to Tenant to reimburse Tenant for any deductible amount previously paid by Tenant, and the balance shall be paid to Landlord and Tenant in like proportions to the value of Landlord's interests in the Leased Property and Tenant's interest in Tenant's Personal Property and the Tenant Improvements, or any portion thereof, as determined under Article 13, upon completion of any such repair and restoration except as otherwise specifically provided below in this Article 14. All salvage resulting from any risk covered by insurance shall belong to Landlord.

Excess Proceeds. Any All excess proceeds of insurance remaining --------------- after the completion of the restoration or reconstruction of the Leased Property (or in the event neither Landlord nor Tenant is required or elects to repair and restore) shall be paid first to Tenant to reimburse Tenant for any deductible amount previously paid by Tenant, and the balance shall be paid to Landlord and Tenant in like proportions to the value of Landlord's interests in the Leased Property and Tenant's interest in Tenant's Personal Property and the Tenant Improvements, or any portion thereof, as determined under Article 13, upon completion of any such ---------- repair and restoration except as otherwise specifically provided below in this Article 14. All salvage resulting from any risk covered by insurance shall ---------- belong to Landlord.

Excess Proceeds. Any excess proceeds of insurance --------------- remaining after the completion of the restoration or reconstruction of the Leased Property (or in the event shall be paid to Tenant. However, if neither Landlord nor Tenant is required or elects to repair and restore) shall be paid first to Tenant to reimburse Tenant for any deductible amount previously paid by Tenant, and the balance same shall be paid to Landlord and Tenant in like proportions proportion to the value of Landlord's and Tenant's interests in the Leased Property and Tenant's interest in Tenant's Personal Property and the Tenant Improvements, or any portion thereof, as determined under Article 13, upon completion of any such repair and ---------- restoration except as otherwise specifically provided below in this Article 14. All salvage resulting from any risk covered by insurance shall belong to Landlord.-------

Excess Proceeds. Any excess proceeds of insurance --------------- remaining after the completion of the restoration or reconstruction of the Leased Property (or in the event neither Landlord nor Tenant is required or elects to repair and restore) shall be paid first to Tenant to reimburse Tenant for any deductible amount previously paid by Tenant, and the balance shall be paid to Landlord and Tenant in like proportions to the value of Landlord's interests in the Leased Property and Tenant's interest in Tenant's Personal Property and the Tenant Improvements, or any portion thereof, as determined under Article 13, upon ---------- completion of any such repair and restoration except as otherwise specifically provided below in this Article 14. All salvage resulting from ---------- any risk covered by insurance shall belong to Landlord.