Common use of Settlement of Losses Clause in Contracts

Settlement of Losses. provide that any loss will be settled jointly with Lessor and Lessee, and will be payable in Dollars to Lessor, as sole loss payee, for the account of all interests, except where the insurance payment does not exceed the Damage Notification Threshold, and no Default is in existence, in which case the loss will be settled with and paid to Lessee;

Settlement of Losses. provide that any loss will be settled jointly with Lessor and Lessee, and will be payable in Dollars to Lessor, as sole loss payee, for the account of all interests, except where the insurance payment does not exceed the Damage Notification Threshold, and no Default is in existenceLessor has not notified the insurers to the contrary, in which case the loss will be settled with and paid to Lessee;

Settlement of Losses. provide that any loss will be adjusted with Lessee, and settled jointly with Lessor and Lessee, and will be payable in Dollars to Lessor, as sole loss payee, Lessor for the account of all interests, except where the insurance payment does not exceed the Damage Notification ThresholdThreshold or exceeds the Agreed Value, and no Default is in existenceLessor has not notified the insurers to the contrary, in which case the loss will be settled with and paid to Lessee;; and

Settlement of Losses. provide that any loss will be adjusted with Lessee, and settled jointly with Lessor and Lessee, and will be payable in Dollars to Lessor, as sole loss payee, for the account of all interests, except where the insurance payment does not exceed the Damage Notification ThresholdThreshold or exceeds the Agreed Value, and no Default is in existenceLessor has not notified the insurers to the contrary, in which case the loss will be settled with and paid to Lessee;