Common use of Partial Damage - Insured Loss Clause in Contracts

Partial Damage - Insured Loss. If a Premises Partial Damage that is an Insured Loss occurs, then Lessor shall, at Lessor's expense, repair such damage (but not Lessee's Trade Fixtures or Lessee Owned Alterations and Utility Installations) as soon as reasonably possible and this Lease shall continue in full force and effect. Notwithstanding the foregoing, if the required insurance was not in force or the insurance proceeds are not sufficient to effect such repair, the Insuring Party shall promptly contribute the shortage in proceeds as and when required to complete said repairs.

Appears in 5 contracts

Samples: Building Lease (Sew Cal Logo Inc), Building Lease (Sew Cal Logo Inc), Building Lease (Sew Cal Logo Inc)

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Partial Damage - Insured Loss. If a Premises Partial Damage that is an Insured Loss occurs, then Lessor shall, at Lessor's expense, repair such damage (but not Lessee's Trade Fixtures or Lessee Owned Alterations and Utility Installations) as soon as reasonably possible and this Lease shall continue in full force and effect. Notwithstanding ; provided, however, that Lessee shall, at Lessor's election, make the foregoing, if repair of any damage or destruction the required insurance was not in force or the insurance proceeds are not sufficient to effect such repair, the Insuring Party shall promptly contribute the shortage in proceeds as and when required to complete said repairs.total

Appears in 4 contracts

Samples: Assignment and Assumption of Sublease (Marimba Inc), Assignment and Assumption of Sublease (Marimba Inc), Lease Agreement (Guitar Center Inc)

Partial Damage - Insured Loss. If a Premises Partial Damage that is an Insured Loss occurs, then Lessor shall, at LessorLessee's expense, expense repair such damage (but not Lessee's Trade Fixtures or Lessee Owned Owner Alterations and Utility Installations) as soon as reasonably possible and this Lease shall continue in full force and effect. Notwithstanding the foregoing, if the required insurance was not in force or the insurance proceeds are not sufficient to effect such repair, the Insuring Party shall promptly contribute the shortage in proceeds as and when required to complete said repairs.

Appears in 1 contract

Samples: Lease Agreement (Phoenix International Life Sciences Inc)

Partial Damage - Insured Loss. If a Premises Partial Damage that is an Insured Loss occurs, then Lessor shall, at Lessor's expense, repair such damage (but not Lessee's Trade Fixtures or Lessee Owned Alterations and Utility Installations) as soon as reasonably possible and this Lease shall continue in full force and effect. Notwithstanding the foregoing, if the required insurance was not in force or the insurance proceeds are not sufficient to effect such repair, the Insuring Party shall promptly contribute the shortage in proceeds as and when required to complete said repairs.. In the event however, the shortage in proceeds was due to the

Appears in 1 contract

Samples: Standard Industrial/Commercial Single Tenant Lease Gross (Intellisys Group Inc)

Partial Damage - Insured Loss. If a Premises Partial Damage that is an Insured Loss occurs, then Lessor shallwill, at Lessor's ’s expense, repair such the damage (but not to Lessee's Trade Fixtures ’s trade fixtures or Lessee Owned Alterations and Utility InstallationsLxxxxx’s other improvements) as soon as reasonably possible possible, and this Lease shall will continue in full force and effect. Notwithstanding the foregoing, if the required insurance was not in force or the insurance proceeds are not sufficient to effect such the repair, Lessor will have the Insuring Party shall option to (a) promptly contribute the shortage in proceeds as and when required to complete said repairs.the repair; or (b)

Appears in 1 contract

Samples: Commercial Lease (Grown Rogue International Inc.)

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Partial Damage - Insured Loss. If a Premises Partial Partial.Damage that is an Insured Loss occurs, then Lessor shall, at Lessor's expense, repair such damage (but not Lessee's Trade Fixtures or Lessee Owned Owned* Alterations and Utility Installations) as soon as reasonably possible and this Lease shall continue in full force and effect. Notwithstanding the foregoing, if the required insurance was not in force or the insurance proceeds are not sufficient to effect such repair, the Insuring Party shall promptly contribute the shortage in proceeds as and when required to complete said repairs.. * - or installed

Appears in 1 contract

Samples: Lease Agreement (Netter Digital Entertainment Inc)

Partial Damage - Insured Loss. If a Premises Partial Damage that is an Insured Loss occurs, then Lessor shall, at Lessor's expense, repair such damage (but not Lessee's Trade Fixtures or Lessee Owned Alterations and Utility Installations) as soon as reasonably possible and this Lease shall continue in full force and effect. Notwithstanding Premises Partial Damage due to flood or earthquake shall be subject to Section 11.3, notwithstanding that there may be some insurance coverage, but the foregoing, net proceeds of any such insurance maintained by Lessor and/or Lessee shall be made available for the repairs if the required insurance was not in force or the insurance proceeds are not sufficient to effect such repair, the Insuring Party shall promptly contribute the shortage in proceeds as and when required to complete said repairsmade by either party.

Appears in 1 contract

Samples: Deed of Lease (Etoys Inc)

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