Common use of Insurance Proceeds Upon Termination Clause in Contracts

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.

Appears in 4 contracts

Samples: Lease (Computer Motion Inc), Adept Technology Inc, Somera Communications Inc

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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 encumbrancers of the Premises, as their interests may appear.

Appears in 3 contracts

Samples: Assignment and Assumption Of (Venoco, Inc.), GRC International Inc, GRC International Inc

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 Paragraph 8, all insurance proceeds payable under Section 7.6 with respect to the damage giving rise to such right of to termination shall be paid to the Lessor and or any encumbrances encumbrancer of the Premisespremises, as their interests may appear.

Appears in 1 contract

Samples: Pacific Crest Capital Inc

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 encumbrancer of the Premises, as their interests may appear.

Appears in 1 contract

Samples: Sublease (Inamed Corp)

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 encumbrance of the Premises, as their interests may appear, except that Lessee will be entitled to the proceeds of insurance on its leasehold improvements & personal property.

Appears in 1 contract

Samples: Lease (Iown Holdings Inc)

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 lessor and any encumbrances of the Premises, as their interests may appear.

Appears in 1 contract

Samples: Lease (Inamed Corp)

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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 appearappear and all insurance proceeds payable under Section 7.3 shall be paid to Lessee.

Appears in 1 contract

Samples: Lease (Inamed Corp)

Insurance Proceeds Upon Termination. If this Lease is 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 7.5 with respect to the damage giving rise to such right of termination shall be paid to the Lessor and any encumbrances encumbrancer of the Premises, as their interests may appear.

Appears in 1 contract

Samples: Lease (Inamed Corp)

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 Article 7 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.

Appears in 1 contract

Samples: Standard Commercial Lease (Resonant Inc)

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