Owner's Insurance Policy Proceeds. After such time as the Lessor is paid the Equity Balance, the Lessor agrees to promptly provide the Lessee with any proceeds of the Lessor's owner's insurance policy covering the Property which the Lessor has received.
Appears in 3 contracts
Samples: Lease (Brookdale Living Communities Inc), Lease Agreement (Brookdale Living Communities Inc), Lease (Brookdale Living Communities Inc)
Owner's Insurance Policy Proceeds. After such time as the Lessor is paid the Equity Balance, the Lessor agrees to promptly provide the Lessee with any proceeds of the Lessor's owner's insurance policy covering the Property which the Lessor has received, unless the Lessor is required to pay such proceeds to the Lender pursuant to the Xxxxxx Loan Documents.
Appears in 2 contracts
Samples: Lease Agreement (Brookdale Living Communities Inc), Lease (Brookdale Living Communities Inc)
Owner's Insurance Policy Proceeds. After such time as the Lessor is paid the Equity Balance, the Lessor agrees to promptly provide the Lessee with any proceeds of the Lessor's owner's insurance policy covering the Property which the Lessor has received, unless the Lessor is required to pay such proceeds to the Lender pursuant to the Heller Loan Documents.
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