Common use of Insufficient Insurance Proceeds Clause in Contracts

Insufficient Insurance Proceeds. If the cost of the repair or restoration exceeds the amount of insurance proceeds received by Landlord pursuant to Article 9, Tenant shall contribute any excess amounts needed to complete such restoration. Such difference shall be paid by Tenant to Landlord and held by Landlord in trust in an interest bearing account, together with any other insurance proceeds, for application to the cost of repair and restoration in accordance with Section 10.4.

Appears in 4 contracts

Samples: Lease Agreement (Senior Housing Properties Trust), Lease Agreement (Senior Housing Properties Trust), Settlement Agreement (Senior Housing Properties Trust)

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Insufficient Insurance Proceeds. If the cost of the repair or restoration of the applicable Leased Property exceeds the amount of insurance proceeds received by Landlord pursuant to Article 9, upon the demand of Landlord, Tenant shall contribute any excess amounts needed to complete restore such restorationLeased Property. Such difference shall be paid by Tenant to Landlord and held by Landlord in trust in an interest bearing accountLandlord, together with any other insurance proceeds, for application to the cost of repair and restoration in accordance with Section 10.4restoration.

Appears in 3 contracts

Samples: Master Lease Agreement (Senior Housing Properties Trust), Master Lease Document (Senior Housing Properties Trust), Master Lease Agreement (Senior Housing Properties Trust)

Insufficient Insurance Proceeds. If the cost of the repair or restoration of the applicable Leased Property exceeds the amount of insurance proceeds received by Landlord pursuant to Article 910, upon the demand of Landlord, Tenant shall contribute any excess amounts needed to complete restore such restorationLeased Property. Such difference shall be paid by Tenant to Landlord and held by Landlord in trust in an interest bearing accountLandlord, together with any other insurance proceeds, for application to the cost of repair and restoration in accordance with Section 10.4restoration.

Appears in 3 contracts

Samples: Master Lease Agreement (Crescent Real Estate Equities Inc), Master Lease Agreement (Crescent Real Estate Equities Co), Master Lease Agreement (Magellan Health Services Inc)

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Insufficient Insurance Proceeds. If the cost of the repair or restoration of the applicable Leased Property exceeds the amount of insurance proceeds received by Landlord pursuant to Article 9, Tenant shall contribute any excess amounts needed to complete restore such restorationLeased Property. Such difference shall be paid by Tenant to Landlord and held by Landlord in trust in an interest bearing accountLandlord, together with any other insurance proceeds, for application to the cost of repair and restoration in accordance with Section 10.4restoration.

Appears in 2 contracts

Samples: Master Lease Agreement (Brookdale Living Communities Inc), Master Lease Agreement (Senior Housing Properties Trust)

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