Inadequacy of Insurance Proceeds. Lessee shall use diligent, good faith efforts to satisfy all conditions of any Permitted Leasehold Mortgage to permit release and disbursement of such proceeds towards the costs of the Reconstruction Work. Notwithstanding anything to the contrary set forth in this Ground Lease, Xxxxxx’s liability hereunder to timely commence and complete restoration of the damaged or destroyed Improvements shall be absolute, irrespective of whether the insurance proceeds received, if any, are adequate to pay for such restoration.
Inadequacy of Insurance Proceeds. Developer’s liability hereunder to timely commence and complete restoration of the damaged or destroyed Developer Improvements shall be absolute, irrespective of whether the insurance proceeds received, if any, are adequate to pay for said restoration. ARTICLE XARTICLE X CONDEMNATION
Inadequacy of Insurance Proceeds. Tenant has an absolute liability hereunder to commence and complete restoration of the damaged or destroyed Premises irrespective of whether the insurance proceeds received, if any, are adequate to pay for said restoration. If the insurance proceeds received are inadequate to complete restoration and Tenant defaults in its obligation to restore the damage to the Premises, then Landlord shall be given the option, to pay the deficit itself, to pay the deficit in proceeds necessary to complete the restoration and, in that regard, will be entitled to use the insurance proceeds generated for that purpose. Said payment by Landlord shall be treated as additional Rent hereunder and shall be repaid to Landlord by Tenant upon the completion of restoration of the Premises. If Landlord does not elect to complete the restoration in accordance with this Section, then Landlord shall, be entitled to retain the insurance proceeds (remaining after payment of all costs required to demolish and remove all debris from the Premises and restoring the site to its condition prior to construction of the Premises but after demolition of the existing structures on the Premises) free of any obligation to or rights of Tenant.
Inadequacy of Insurance Proceeds. 85 ARTICLE X CONDEMNATION 86
Inadequacy of Insurance Proceeds. In the event that insurance proceeds are not adequate to rebuild and restore damaged improvements to their previous condition before an insurable loss occurred, and the cause of the deficiency in insurance proceeds is the Developer’s failure to adequately insure the improvements as required by this Agreement, Developer must rebuild and restore the improvements as required by this Agreement and will be responsible for payment of any costs of the rebuilding and restoration not covered by the insurance proceeds.
Inadequacy of Insurance Proceeds. In the event that insurance proceeds are not adequate to rebuild and restore the damaged Premises to their previous condition before an insurable loss occurred, VTUSA shall rebuild and restore the Premises and pay any costs of rebuilding and restoration not covered by insurance proceeds. VTUSA’s obligation to rebuild the Premises following a casualty that occurs during the Term shall survive the expiration or earlier termination of this Agreement.
Inadequacy of Insurance Proceeds. JoePC’s liability hereunder to timely commence and complete restoration of the damaged or destroyed JoePC Improvements shall be absolute, irrespective of whether the insurance proceeds received, if any, are adequate to pay for said restoration, subject to JoePC’s rights under Section 9.10(b).
Inadequacy of Insurance Proceeds. Operator’s obligation under the Agreement to timely commence and complete restoration of any damaged or destroyed Improvements is absolute, regardless of whether any insurance proceeds received are adequate to pay for the restoration.
Inadequacy of Insurance Proceeds. SAMP's liability hereunder to timely commence and complete restoration of the damaged or destroyed Lessee Improvements shall be absolute, irrespective of whether the insurance proceeds received, if any, are adequate to pay for said restoration, subject to SAMP's rights under Section 9.l0(b).
Inadequacy of Insurance Proceeds. XXXX's liability hereunder to timely commence and complete restoration of the damaged or destroyed Lessee Improvements shall be absolute, irrespective of whether the insurance proceeds received, if any, are adequate to pay for said restoration, subject to SAMP's rights under Section 9.l0(b).
