Common use of Rights to Insurance Proceeds Clause in Contracts

Rights to Insurance Proceeds. If this Lease is terminated as provided in this Article following damage to or destruction of the Ski Facility and/or Tenant’s property, the proceeds of all hazard insurance on the Ski Facility which is maintained by Tenant or Landlord pursuant to the Article captioned “Insurance, Indemnity, Waiver of Subrogation,” etc. shall belong to Landlord, except insurance proceeds in respect of Tenant’s Property, which shall belong to Tenant.

Rights to Insurance Proceeds. If this Lease is terminated as provided in this Article 16 following damage to or destruction of the Ski Facility and/or Tenant’s propertyor Leased Premises, the proceeds of all hazard insurance on the Ski Facility Leased Premises which is maintained by Tenant or Landlord pursuant to the Article captioned “Insurance, Indemnity, Waiver of Subrogation,” etc. 18 shall belong to Landlord or Landlord, except insurance ’s lender. Insurance proceeds in with respect of to Tenant’s Property, which Property shall belong to Tenant.