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.
Appears in 4 contracts
Samples: Ground Lease Agreement, Ground Lease Agreement, Ground Lease Agreement
