Lessee’s Property. All insurance proceeds payable by reason of any loss of or damage to any of Lessee’s Personal Property shall be paid to Lessee; provided, however, no such payments shall diminish or reduce the insurance payments otherwise payable to or for the benefit of Lessor hereunder.
Appears in 43 contracts
Samples: Hotel Lease Agreement (Moody National REIT II, Inc.), Hotel Lease Agreement, Master Lease Agreement
Lessee’s Property. All insurance proceeds payable by reason of any loss of or damage to any of Lessee’s 's Personal Property shall be paid to Lessee; provided, however, no such payments shall diminish or reduce the insurance payments otherwise payable to or for the benefit of Lessor hereunder.
Appears in 24 contracts
Samples: Hotel Lease Agreement (Apple Suites Inc), Lease (Winston Hotels Inc), Lease Agreement (Ashford Hospitality Trust Inc)
Lessee’s Property. All insurance proceeds payable by reason of any loss of or damage to any of Lessee’s 's Personal Property shall be paid to Lessee; provided, however, no and Lessee shall hold such payments insurance proceeds in trust to pay the cost of repairing or replacing damaged Lessee's Personal Property. Any proceeds in excess of the cost of repairing or replacing any such Lessee's Personal Property shall diminish or reduce the insurance payments otherwise payable belong to or for the benefit of Lessor hereunderLessee.
Appears in 9 contracts
Samples: Lease (New York Bagel Enterprises Inc), Lease (Alterra Healthcare Corp), Lease And (LTC Healthcare Inc)
Lessee’s Property. All insurance proceeds payable by reason of any loss of or damage to any of Lessee’s 's Personal Property shall be paid to Lessee; provided, however, no and Lessee shall hold such payments shall diminish insurance proceeds in trust to pay the cost of repairing or reduce the insurance payments otherwise payable to or for the benefit of Lessor hereunderreplacing damaged Lessee's Personal Property.
Appears in 9 contracts
Samples: Master Lease Agreement (Alterra Healthcare Corp), Master Lease Agreement (Sun Healthcare Group Inc), Master Lease Agreement (Emeritus Corp\wa\)
Lessee’s Property. All insurance proceeds payable by reason of any ----------------- loss of or damage to any of Lessee’s 's Personal Property shall be paid to Lessee; provided, however, no such payments shall diminish or reduce the insurance payments otherwise payable to or for the benefit of Lessor hereunder.
Appears in 4 contracts
Samples: Master Lease Agreement (Jameson Inns Inc), Master Hotel Lease Agreement (Apple Hospitality Two Inc), Lease Agreement (Humphrey Hospitality Trust Inc)
Lessee’s Property. All insurance proceeds payable by reason of any loss of or damage to any of Lessee’s Personal Property shall be paid to Lessee; provided, however, no and Lessee shall hold such payments shall diminish insurance proceeds in trust to pay the cost of repairing or reduce the insurance payments otherwise payable to or for the benefit of Lessor hereunderreplacing damaged Lessee’s Personal Property.
Appears in 4 contracts
Samples: Master Lease Agreement (Omega Healthcare Investors Inc), Master Lease (Sun Healthcare Group Inc), Master Lease Agreement (Sun Healthcare Group Inc)
Lessee’s Property. All insurance proceeds payable by reason of any ------------------ loss of or damage to any of Lessee’s 's Personal Property shall be paid to Lessee; provided, however, no such payments shall diminish or reduce the insurance payments otherwise payable to or for the benefit of Lessor hereunder.
Appears in 2 contracts
Samples: Master Hotel Lease Agreement (Apple Hospitality Two Inc), Hotel Lease Agreement (Apple Suites Inc)
Lessee’s Property. All insurance proceeds payable by reason of any loss of or damage to any of Lessee’s Personal Property shall be paid to Lessee; provided, however, that no such payments shall diminish or reduce the insurance payments otherwise payable to or for the benefit of Lessor hereunder.
Appears in 2 contracts
Samples: Lease Agreement (MHI Hospitality CORP), Lease Agreement (MHI Hospitality CORP)
Lessee’s Property. All insurance proceeds payable by reason of any loss of or damage to any of Lessee’s Personal Property shall be paid to Lessee; provided. Lessee shall hold such insurance proceeds in trust to pay the cost of repairing or replacing damaged Lessee’s Personal Property, however, no such payments shall diminish or reduce the insurance payments otherwise payable to or for the benefit unless Lessee exercises its right of Lessor hereundersubstitution under Section .
Appears in 2 contracts
Samples: Memorandum of Understanding (LTC Properties Inc), Memorandum of Understanding (Extendicare Health Services Inc)
Lessee’s Property. All insurance proceeds payable by reason of any loss of or damage to any of Lessee’s Personal Property shall be paid to Lessee; provided. Lessee shall hold such insurance proceeds in trust to pay the cost of repairing or replacing damaged Lessee’s Personal Property, however, no such payments shall diminish or reduce the insurance payments otherwise payable to or for the benefit unless Lessee exercises its right of Lessor hereundersubstitution under Section ___.
Appears in 2 contracts
Samples: Master Lease Agreement (Assisted Living Concepts Inc), Master Lease Agreement (Assisted Living Concepts Inc)
Lessee’s Property. All insurance proceeds payable by reason of any loss of or damage to any of Lessee’s Personal Property shall be paid to Lessee; provided. Lessee shall hold such insurance proceeds in trust to pay the cost of repairing or replacing damaged Lessee’s Personal Property, however, no such payments shall diminish or reduce the insurance payments otherwise payable to or for the benefit unless Lessee exercises its right of Lessor hereundersubstitution under Article XXXIII.
Appears in 2 contracts
Samples: Master Lease Agreement (Assisted Living Concepts Inc), Master Lease Agreement (Assisted Living Concepts Inc)
Lessee’s Property. All insurance proceeds payable by reason of any loss of or damage to any of Lessee’s 's Personal Property shall be paid to Lessee; provided, provided however, no such payments shall diminish or reduce the insurance payments otherwise payable to or for the benefit of Lessor hereunder.
Appears in 1 contract
Lessee’s Property. All insurance proceeds payable by reason of any loss of or damage to any of Lessee’s 's Personal Property and the business interruption insurance maintained for the benefit of Lessee shall be paid to Lessee; provided, however, no such payments shall diminish or reduce the insurance payments otherwise payable to or for the benefit of Lessor hereunder.
Appears in 1 contract
Lessee’s Property. All insurance proceeds payable by reason of any loss of or damage to any of Lessee’s Personal Property or Capital Additions financed by Lessee shall be paid to Lessee; provided, however, no such payments shall diminish or reduce the insurance payments otherwise payable to or for the benefit of Lessor hereunder.
Appears in 1 contract
Samples: Master Lease Document General Terms And (Universal Health Realty Income Trust)
Lessee’s Property. All insurance proceeds payable by reason of ----------------- any loss of or damage to any of Lessee’s 's Personal Property shall be paid to Lessee; provided, however, no such payments shall diminish or reduce the insurance payments otherwise payable to or for the benefit of Lessor hereunder.
Appears in 1 contract
Lessee’s Property. All insurance proceeds payable by reason of any ----------------- loss of or damage to any of Lessee’s 's Personal Property or any Capital Additions financed by Lessee shall be paid to Lessee; provided, however, no and Lessee shall hold such payments shall diminish insurance proceeds in trust to pay the cost of repairing or reduce the insurance payments otherwise payable to replacing damaged Lessee's Personal Property or for the benefit of Lessor hereunderCapital Additions financed by Lessee.
Appears in 1 contract
Samples: Kindred Healthcare Inc
Lessee’s Property. All insurance proceeds payable by reason of any loss of or damage to any of Lessee’s 's Personal Property shall be paid to Lessee; provided, however, no and Lessee shall hold such payments shall diminish insurance proceeds in trust to pay the cost of repairing or reduce the insurance payments otherwise payable to or for the benefit of Lessor hereunderreplacing damaged Lessee's Personal Property. -22- 14.5.
Appears in 1 contract
Samples: Lease (Alterra Healthcare Corp)
Lessee’s Property. All insurance proceeds payable by reason of any loss of or damage to any of Lessee’s 's Personal Property or Capital Additions financed by Lessee shall be paid to Lessor and Lessor shall hold such insurance proceeds in trust to pay the cost of repairing or replacing the damage to Lessee; provided, however, no such payments shall diminish 's Personal Property or reduce the insurance payments otherwise payable to or for the benefit of Lessor hereunderCapital Additions financed by Lessee.
Appears in 1 contract