Insurance Proceeds Upon Termination Sample Clauses

Insurance Proceeds Upon Termination. If this Lease is terminated pursuant to any right given the Lessee or the Lessor to do so under this Article 8, all insurance proceeds payable under Section 7.6 with respect to the damage giving rise to such right of termination shall be paid to the Lessor and any encumbrances of the Premises, as their interests may appear.
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Insurance Proceeds Upon Termination. If this Lease is terminated pursuant to any right granted or reserved to Landlord under this Section, all insurance proceeds payable with respect to the damage giving rise to such right of termination shall be paid to Landlord, and Tenant shall have no claim therefor. No damages, compensation or claim shall be payable by the Landlord to Tenant, or any other person, by reason of inconvenience, loss of business or annoyance arising from any damage or destruction, or any repair thereof, as is referred to in this Article 10.
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Insurance Proceeds Upon Termination. If this Lease is terminated as permitted under Section 11.1, all insurance proceeds payable with respect to the damage giving rise to such right of termination shall be paid to Landlord or Landlord’s lender, if any.
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Insurance Proceeds Upon Termination. In any case where this Lease shall be terminated by Landlord or Tenant pursuant to the provisions of this Lease, Tenant shall be entitled to retain or Landlord shall assign to Tenant the proceeds of the insurance carried by Tenant or Landlord covering the Tenant Improvements and Alterations payable by reason of such damage event, to the extent such proceeds are attributable to the then unamortized amount paid by Tenant for such Tenant Improvements and Alterations in excess of the Tenant Improvement Allowance. Such amortization shall be computed on a straight line basis over a ten (10) year term commencing on the 24th Floor Space Lease Commencement Date unless the damage occurs after the date occurring nine (9) months prior to the expiration of the initial Lease Term for the Majority Space, where Tenant has not exercised it option to extend the initial Lease Term for the first Option Term, in which case such amortization shall be computed on a straight line basis over a six (6) year term commencing on the 24th Floor Space Lease Commencement Date. All other proceeds covering the Tenant Improvements and Alterations shall be paid to, or retained by, Landlord. XXXXXX XXXXXX XXXXX [Foundation Health Systems] ARTICLE 9
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Insurance Proceeds Upon Termination. IF THIS LEASE IS TERMINATED PURSUANT TO ANY RIGHT GRANTED OR RESERVED TO LANDLORD UNDER THIS SECTION, ALL INSURANCE PROCEEDS PAYABLE WITH RESPECT TO THE DAMAGE GIVING RISE TO SUCH RIGHT OF TERMINATION SHALL BE PAID TO LANDLORD, AND TENANT SHALL HAVE NO CLAIM THEREFOR. NO DAMAGES, COMPENSATION OR CLAIM SHALL BE PAYABLE BY THE LANDLORD TO TENANT, OR ANY OTHER PERSON, BY REASON OF INCONVENIENCE, LOSS OF BUSINESS OR ANNOYANCE ARISING FROM ANY DAMAGE OR DESTRUCTION, OR ANY REPAIR THEREOF, AS IS REFERRED TO IN THIS ARTICLE 10.
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Insurance Proceeds Upon Termination. In any case where this Lease shall be terminated by Landlord or Tenant pursuant to the provisions of this Lease, Tenant shall be entitled to retain or Landlord shall assign to Tenant the proceeds of the insurance carried by Tenant or Landlord covering the Tenant Improvements and Alterations payable by reason of such damage event, to the extent such proceeds are attributable to the then unamortized amount paid by Tenant for such Tenant Improvements and Alterations in excess of the Tenant Improvement Allowance paid in connection with the Second Amendment. Such amortization shall be computed on a straight line basis over a ten (10) year term commencing on the Commencement Date, with respect to any of the improvements constructed in the Premises in connection with the Second Amendment, unless the damage occurs after the date occurring nine (9) months prior to the expiration of the initial Lease Term for the, in which case such amortization shall be computed on a straight line basis over a eight (8) year term commencing on the Commencement Date. All other proceeds covering the Tenant Improvements and Alterations shall be paid to, or retained by, Landlord.
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Related to Insurance Proceeds Upon Termination

  • Actions Upon Termination In the event of termination not the fault of the Contractor, the Contractor shall be paid for the services properly performed prior to termination, together with any reimbursable expenses then due, but in no event shall such compensation exceed the maximum compensation to be paid under the Contract. The Contractor agrees that this payment shall fully and adequately compensate the Contractor and all subcontractors for all profits, costs, expenses, losses, liabilities, damages, taxes, and charges of any kind whatsoever (whether foreseen or unforeseen) attributable to the termination of this Contract. Upon termination for any reason, the Contractor shall provide Seattle with the most current design documents, contract documents, writings and other product it has completed to the date of termination, along with copies of all project-related correspondence and similar items. Seattle shall have the same rights to use these materials as if termination had not occurred.

  • Payments Upon Termination 4.1 The Customer shall pay the Company liquidated damages (total monthly fee as specified in the Sales and Services Agreement x remaining months in the Term) upon the occurrence of any of the following events before the expiry of the Term:

  • Action Upon Termination (a) From and after the effective date of termination of this Agreement, pursuant to Sections 13, 14, or 15 of this Agreement, the Manager shall not be entitled to compensation for further services under this Agreement, but shall be paid all compensation accruing to the date of termination and, if terminated pursuant to Section 13 or Section 15(b), the applicable Termination Fee. Upon such termination, the Manager shall forthwith:

  • Benefits Upon Termination If the Executive’s employment by the Company is terminated during the Period of Employment for any reason by the Company or by the Executive, or upon or following the expiration of the Period of Employment (in any case, the date that the Executive’s employment by the Company terminates is referred to as the “Severance Date”), the Company shall have no further obligation to make or provide to the Executive, and the Executive shall have no further right to receive or obtain from the Company, any payments or benefits except as follows:

  • Deliveries Upon Termination Upon termination of this Agreement, ALPS agrees to cooperate in the orderly transfer of distribution duties and shall deliver to the Fund or as otherwise directed by the Fund (at the expense of the Fund) all records and other documents made or accumulated in the performance of its duties for the Fund hereunder. In the event ALPS gives notice of termination under this Agreement, it will continue to provide the services contemplated hereunder after such termination at the contractual rate for up to 120 days, provided that the Fund uses all reasonable commercial efforts to appoint such replacement on a timely basis.

  • Obligations Upon Termination Upon termination of this Agreement, either party shall, at the request of the other party, return any document, material, database, equipment, or software containing the Confidential Information to the other party. If, for any reason, such document, material, database, equipment, or software cannot be returned, either party shall destroy all the Confidential Information belonging to the other party and delete such Confidential Information from any memory devices. No party shall be permitted to continue using the Confidential Information in any way after the termination of this Agreement.

  • Liabilities Upon Termination If this Agreement is terminated for any reason other than those set forth in Section 12.01 or is breached, nothing contained herein shall be construed to limit Seller’s or Buyer’s legal or equitable remedies including, without limitation, damages for the breach or failure of any representation, warranty, covenant or agreement contained herein and the right to enforce specific performance of this Agreement.

  • Liability Upon Termination Termination of this Agreement, or any part hereof, for any cause shall not release either Party from any liability which at the time of termination had already accrued to the other Party or which thereafter accrues in any respect to any act or omission occurring prior to the termination or from an obligation which is expressly stated in this Agreement to survive termination.

  • Payment Upon Termination In the event that the City or Consultant terminates this Agreement pursuant to Section 8, the City shall compensate the Consultant for all outstanding costs and reimbursable expenses incurred for work satisfactorily completed as of the date of written notice of termination. Consultant shall maintain adequate logs and timesheets in order to verify costs incurred to that date. The City shall have no obligation to compensate Consultant for work not verified by logs or timesheets.

  • Certain Benefits Upon Termination Executive’s employment shall be terminated upon the earlier of (i) the voluntary resignation of Executive with or without Good Reason; (ii) Executive’s death or permanent disability; or (iii) upon the termination of Executive’s employment by LTC for any reason at any time. In the event of such termination, the below provisions of this Section 6 shall apply, and in the event of a Change in Control, whether or not Executive’s employment is terminated thereby, Section 6(b) shall apply.

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