Common use of Insured Casualty Clause in Contracts

Insured Casualty. (a) In case of damage to the Premises by a risk insured against by Landlord, Landlord, unless it shall otherwise elect as hereinafter provided, shall repair the Premises to substantially the condition which existed prior to such damage, with reasonable dispatch after receiving from Tenant written notice that damage has occurred, but without obligation to do so until Landlord has received confirmation from its insurance carrier and all mortgagees holding mortgages on the Building that adequate insurance proceeds will be available for repair or reconstruction. Landlord’s restoration, however, shall be of only those portions of the Premises which were initially provided at Landlord’s expense, and restoration of items within the Premises which were not provided at Landlord’s expense shall be Tenant’s obligation.

Insured Casualty. (a) In case of damage to the Premises by a risk insured against by Landlordpursuant to Section 11 hereof, Landlord, unless it shall otherwise elect as hereinafter provided, shall repair the Premises to substantially the condition which existed prior to such damage, with reasonable dispatch after receiving from Tenant written notice that damage has occurred, but without obligation to do so until Landlord has received confirmation from its the insurance carrier and all mortgagees holding mortgages on the Building Premises that adequate insurance proceeds will be available for repair or reconstruction. Landlord’s 's restoration, however, shall be of only those portions of the Premises which were initially provided at Landlord’s 's expense, and restoration of items within the Premises which were not provided at Landlord’s 's expense shall be Tenant’s 's obligation.

Insured Casualty. (a) In case of damage to the Premises by a risk insured against by Landlord, Landlord, unless it shall otherwise elect as hereinafter provided, shall repair the Premises to substantially the condition which existed prior to such damage, with reasonable dispatch after receiving from Tenant written notice that damage has occurred, but without obligation to do so until Landlord has received confirmation from its insurance carrier and all mortgagees holding mortgages on the Building that adequate insurance proceeds will be available for repair or reconstruction. Landlord’s 's restoration, however, shall be of only those portions of the Premises which were initially provided at Landlord’s 's expense, and restoration of items within the Premises which were not provided provide at Landlord’s 's expense shall be Tenant’s 's obligation.