Lessee’s Property. Lessee shall use any insurance proceeds payable by reason of any loss of or damage to any of the Personal Property to restore such Personal Property to the Leased Property with items of substantially equivalent value to the items being replaced.
Appears in 6 contracts
Samples: Lease Agreement (Balanced Care Corp), Lease Agreement (Integrated Living Communities Inc), Consent and Agreement (Grand Court Lifestyles Inc)
Lessee’s Property. Lessee shall use any insurance proceeds payable by reason of any loss of or damage to any of the Personal Property to restore such Personal Property personal property to the Leased Property with items of substantially equivalent value to the items being replaced.
Appears in 4 contracts
Samples: Lease Agreement (Global Medical REIT Inc.), Lease Agreement (Global Medical REIT Inc.), Lease Agreement (Ramsay Health Care Inc)
Lessee’s Property. Lessee shall use any insurance proceeds payable by reason of any loss of or damage to any of the Personal Property Lessee's personal property to restore such Personal Property personal property to the Leased Property with items of substantially equivalent value to the items being replaced.
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Lessee’s Property. Lessee shall use any insurance proceeds payable by reason of any loss of or damage to any of the Lessee's Personal Property to restore such Personal Property personal property to the Leased Property in compliance with items of substantially equivalent value to the items being replacedall applicable Legal Requirements.
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