Common use of PROCEDURE FOR DISBURSEMENT OF INSURANCE Clause in Contracts

PROCEDURE FOR DISBURSEMENT OF INSURANCE. PROCEEDS GREATER THAN THE APPROVAL THRESHOLD. If Tenant restores or repairs the damaged Facility or Leased Property pursuant to any Subsection of this Article 14 and if the Net Proceeds exceed the Approval Threshold, the restoration or repair shall be performed in accordance with the following procedures:

Appears in 3 contracts

Samples: Lease (Monarch Properties Inc), Lease (Monarch Properties Inc), Master Lease (Monarch Properties Inc)

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PROCEDURE FOR DISBURSEMENT OF INSURANCE. PROCEEDS GREATER THAN THE APPROVAL THRESHOLD. If Tenant Lessee restores or repairs the damaged Facility or Parcel of Leased Property pursuant to any Subsection of this Article 14 XIV and if the Net Proceeds exceed the Approval Threshold, the restoration or repair shall be performed in accordance with the following procedures:

Appears in 1 contract

Samples: Master Lease (Integrated Health Services Inc)

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