Common use of INSURANCE, DAMAGE OR DESTRUCTION Clause in Contracts

INSURANCE, DAMAGE OR DESTRUCTION. 11.1 In the event of damage or destruction to any of the improvements upon the Leased Premises, the City shall have no obligation to repair or rebuild the improvements or any fixtures, equipment or other personal property installed by Lessee pursuant to this agreement. Upon the failure of Lessee to repair or rebuild the City may, as agent of Lessee, repair or rebuild such damage or destruction at the expense of Lessee which expense shall be due and payable on demand, but only to the extent that insurance proceeds are available to Lessee.

INSURANCE, DAMAGE OR DESTRUCTION. 11.1 In the event of damage or destruction to any of the improvements upon the Leased Premises, the City shall have no obligation to repair or rebuild the improvements or any fixtures, equipment or other personal property installed by Lessee pursuant to this agreementRestated Agreement. Upon the failure of Lessee to repair or rebuild rebuild, the City may, as agent of Lessee, repair or rebuild such damage or destruction at the expense of Lessee Lessee, which expense shall be due and payable on demand, but only to the extent that insurance proceeds are available to Lessee.

INSURANCE, DAMAGE OR DESTRUCTION. 11.1 In the event of damage or destruction to any of the improvements upon the Leased Premises, the City shall have no obligation to repair or rebuild the improvements or any fixtures, equipment or other personal property installed by Lessee pursuant to this agreement. Upon the failure of Lessee to repair or rebuild rebuild, the City may, as agent of Lessee, repair or rebuild such damage or destruction at the expense of Lessee Lessee, which expense shall be due and payable on demand, but only to the extent that insurance proceeds are available to Lessee.