Insured Loss Sample Clauses

Insured Loss. Subject to the provisions of paragraphs 9.4 and 9.5, if at any time during the term of this Lease there is damage which is an Insured Loss and which falls into the classification of either Premises Damage or Premises Building Partial Damage, then Lessor shall, as soon as reasonably possible and to the extent the required materials and labor are readily available through usual commercial channels, at Lessor's expense, repair such damage (but not Lessee's fixtures, equipment or tenant improvements originally paid for by Lessee) to its condition existing at the time of the damage, and this Lease shall continue in full force and effect.

Insured Loss. Subject to the provisions of paragraphs 9.4 and 9.5, if at any time during the term of this Lease there is damage which is an Insured Loss and which falls into the classification of either Premises Partial Damage or Premises Building Partial Damage, then Lessor shall, at Lessor's expense, repair such damage to the Premises, but not Lessee's fixtures, equipment or tenant improvements, as soon as reasonably possible and this Lease shall continue in full force and effect.

Insured Loss. Subject to Section 16.2, if the Leased Premises are damaged by perils covered by Landlord’s insurance coverage and the proceeds therefrom are sufficient to cover the cost of repairs and are made available to Landlord for the purpose of repairing such damage, Landlord agrees to forthwith repair the same, and this Lease shall remain in full force and effect, except that Tenant shall be entitled to a proportionate reduction of Rent and Additional Rent from the date of damage and while such repairs are in progress, provided said damage did not result from or was contributed to, directly or indirectly, by the act, fault or neglect of Tenant. Such proportionate reduction shall be based upon the extent to which the damage and making of such repairs materially interfere, if at all, with the business carried on by Tenant in the Leased Premises. If such damage resulted from or was contributed to, directly or indirectly, by the act, fault or neglect of Tenant, the Rent and Additional Rent shall xxxxx only to the extent Landlord receives proceeds from Landlord’s rental income insurance policy to compensate Landlord for the loss of such rent.

Insured Loss. The owner shall have sole power and authority to adjust and settle a loss with insurers. A loss insured under the Builder's Risk Insurance or Builder's Risk Installation Floater shall be adjusted by the Owner and any payments or settlements shall be made payable to the Owner for the insureds, as their interests may appear. The Owner shall be entitled to full payment of its loss from the insurance proceeds before payment of the remainder to any other beneficiaries of the policy. The Contractor shall pay Subcontractors their just share of remaining insurance proceeds received by the Contractor, and by appropriate agreements, written where legally required for validity, shall require Subcontractors make payments to the Sub-subcontractors in similar manner.

Insured Loss. An Insured Loss at the date at which the loss is ascertained, is so much of any Insured Debt by reason of its non-realization, as shall not be in dispute, less whole or part- payment, credit, set-off or adjustment which the buyer is entitled to take into account, whole or part amount and/or credit in possession of the Insured which the Insured is entitled to appropriate, any interim payments, any expenses saved (on unpaid Commission, etc.) by the non-fulfillment of the contract for the sale of those goods, realization of any security and recoveries from any source. Further:- (i) In the event of Insolvency, the Insured Loss shall be confirmed by the relevant authority (such as the Court, Liquidator, Receiver or Administrator) as being owed to the Insured by the Insured Buyer, as at the date of Insolvency; (ii) In the event of Protracted Default, the Insured Loss shall be so much of any Insured Debt in respect of goods delivered to and accepted by the Insured Buyer as being owed to the Insured by the Insured Buyer, as at the due date of payment; provided always that in the event of any unresolved dispute, the amount for which a final decree from the competent court of law is obtained by the Insured against the Insured buyer, whichever is lesser; (iii) In the event of Contract Repudiation - (a) the Insured Loss shall be so much of the loss suffered or direct expenses reasonably incurred by the Insured for its export and to bring it back such as freight, insurance, demurrage, handling, warehousing, custom duties etc., but shall not include any consequential or indirect losses and further not exceeding the amount of Insured Debt in the aggregate provided however that the Insured have obtained prior approval of ECGC in writing for ountry; or (b) the Insured Loss shall be so much of the loss suffered after adjusting the resale proceeds (net of discounts allowed to the alternate buyer and other direct expenses reasonably incurred, if any) with the Insured Debt or direct expenses reasonably incurred by the Insured for arranging for its resale to alternate buyer, such as freight, insurance, demurrage, handling, warehousing etc., but not exceeding the amount of Insured Debt in the aggregate provided however that the Insured have obtained prior approval of ECGC in writing for the resale of the undelivered goods. PROVIDED ALWAYS THAT, in the event of any unresolved dispute in case of Contract Repudiation, the amount for which a final decree from the competent court of ...

Insured Loss. Subject to the provisions of paragraphs 9.4 and 9.

Insured Loss. Subject to the provisions of Sections 13.4 and 13.5, if at any time during the Term there is damage which is an Insured Loss and which falls into the classification of Partial Damage, then Landlord shall, at Landlord's expense, repair such damage to the Premises, but not Tenant's fixtures or equipment, as soon as reasonably possible and this Lease shall continue in full force and effect. In no event, however, shall Landlord be obligated to spend for such repairs more than the amount of available insurance proceeds, plus the amount of any deductible elected by Landlord.

Insured Loss. If at any time during the term of this Lease there is damage which is an Insured Loss and which falls into the classification of Premises Partial Damage, then Lessor shall, at Lessor's expense, repair such damage to the Premises, but not Lessee's fixtures, equipment, tenant improvements, alterations, improvements, Alterations or Installations, as soon as reasonably possible and this Lease shall continue in full force and effect.

Insured Loss. Subject to the provisions of Paragraphs 9.4 and 9.5, if at any time during the Term of this Lease there is an Insured Loss and that falls into the classification of either Premises Damage or Premises Building Partial Damage and that does not fall into the classification of Premises Building Total Destruction or Office Building Project Total Destruction, then Landlord shall, as soon as reasonably possible and to the extent the required materials and labor are readily available through usual commercial channels, at Landlord’s expense, repair such damage (but not Tenant’s fixtures, equipment or tenant improvements originally paid for by Tenant) to its condition existing at the lime of the damage, and this Lease shall continue in full force and effect.

Insured Loss. In the event the Premises or the Project of which the Premises are a part are damaged by fire or other perils covered by extended coverage insurance, and the estimated cost of repairs is not in excess of available insurance proceeds, then Landlord shall forthwith repair the same and this Lease shall remain in full force and effect.