Common use of Proceeds of Insurance Clause in Contracts

Proceeds of Insurance. If the Leased Premises are damaged or destroyed and the Lease is terminated under this clause 16, the Lessee will have no interest in the insurance proceeds other than those proceeds that relate to the Lessee’s Building and Fixtures and contents.

Proceeds of Insurance. If the Leased Premises are damaged or destroyed and the Lease is terminated under this clause 1619, the Lessee will have no interest in the insurance proceeds other than those proceeds that relate to the Lessee’s Building and Fixtures and contentsproceeds.