Common use of Tenant’s Costs and Insurance Proceeds Clause in Contracts

Tenant’s Costs and Insurance Proceeds. In the event of any damage or destruction of all or any part of the Premises, Tenant agrees to immediately (i) notify Landlord thereof, and (ii) deliver to Landlord all property insurance proceeds received by Tenant with respect to any Tenant Improvements installed by or at the cost of Tenant and any Alterations, but excluding proceeds for Tenant's furniture, fixtures, equipment and other personal property, whether or not this Lease is terminated as permitted in this Paragraph 20, and Tenant hereby assigns to Landlord all rights to receive such insurance proceeds. If, for any reason (including Tenant's failure to obtain insurance for the full replacement cost of any Tenant Improvements installed by or at the cost of Tenant and any Alterations from any and all casualties), Tenant fails to receive insurance proceeds covering the full replacement cost of any Tenant Improvements installed by or at the cost of Tenant and any Alterations which are damaged, Tenant will be deemed to have self-insured the replacement cost of such items, and upon any damage or destruction thereto, Tenant agrees to immediately pay to Landlord the full replacement cost of such items, less any insurance proceeds actually received by Landlord from Landlord's or Tenant's insurance with respect to such items.

Appears in 6 contracts

Samples: Office Building Lease (Alliance Bancshares California), Office Building Lease (New Century Financial Corp), Sublease (Thinka Weight Loss Corp)

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Tenant’s Costs and Insurance Proceeds. In the event of any damage or destruction of all or any part of the Premises, Tenant agrees to immediately shall immediately: (ia) notify Landlord thereof, ; and (iib) deliver to Landlord all property insurance proceeds received by Tenant with respect to any the Tenant Improvements installed and Alterations (to the extent such items are not covered by or at Landlord’s casualty insurance obtained by Landlord pursuant to this Lease) and with respect to Alterations in the cost of Premises that Tenant and any Alterationsis required to insure pursuant to Section 13.1, but excluding proceeds for Tenant's furniture, fixtures, equipment ’s furniture and other personal property, whether or not this Lease is terminated as permitted in this Paragraph 20Section 17.1, and Tenant hereby assigns to Landlord all rights to receive such insurance proceeds. If, for any reason (including Tenant's ’s failure to obtain insurance for the full replacement cost of any Alterations which Tenant Improvements installed by or at the cost of Tenant and any Alterations from any and all casualtiesis required to insure pursuant to Section 13.1 hereof), Tenant fails to receive insurance proceeds covering the full replacement cost of any Tenant Improvements installed by or at the cost of Tenant and any such Alterations which are damaged, Tenant will shall be deemed to have self-insured the replacement cost of such itemsAlterations, and upon any damage or destruction thereto, Tenant agrees to shall immediately pay to Landlord the full replacement cost of such items, less any insurance proceeds actually received by Landlord from Landlord's ’s or Tenant's ’s insurance with respect to such items.

Appears in 5 contracts

Samples: Office Lease (Alteryx, Inc.), NNN Lease (Corium International, Inc.), Multi Tenant Office Lease (Trulia, Inc.)

Tenant’s Costs and Insurance Proceeds. In the event of any damage or destruction of all or any part of the Premises, Tenant agrees to immediately shall immediately: (ia) notify Landlord thereof, ; and (iib) deliver to Landlord all property insurance proceeds received by Tenant with respect to any the Tenant Improvements installed by or at and Tenant Changes in the cost of Tenant and any Alterations, but Premises (excluding proceeds for Tenant's furniture, fixtures, equipment ’s furniture and other personal property), whether or not this Lease is terminated as permitted in this Paragraph 20Section 18, and Tenant hereby assigns to Landlord all rights to receive such insurance proceeds. If, for any reason (including Tenant's ’s failure to obtain insurance for the full replacement cost of the Tenant Improvements and any Tenant Improvements installed by or at the cost of Changes which Tenant and any Alterations from any and all casualtiesis required to insure pursuant to Sections 12.1(c) and/or 20.1(a) hereof), Tenant fails to receive insurance proceeds covering the full replacement cost of any such Tenant Improvements installed by or at the cost of and Tenant and any Alterations Changes which are damaged, Tenant will shall be deemed to have self-insured the replacement cost of such itemsTenant Improvements and Tenant Changes, and upon any damage or destruction thereto, Tenant agrees to shall immediately pay to Landlord the full replacement cost of such items, less any insurance proceeds actually received by Landlord from Landlord's ’s or Tenant's ’s insurance with respect to such items.

Appears in 5 contracts

Samples: Office Lease (Auspex Pharmaceuticals, Inc.), Office Lease (Auspex Pharmaceuticals, Inc.), Office Lease (Orexigen Therapeutics, Inc.)

Tenant’s Costs and Insurance Proceeds. In the event of any damage or destruction of all or any part of the Premises, Tenant agrees to immediately shall immediately: (ia) notify Landlord thereof, ; and (iib) deliver to Landlord all property insurance proceeds received by Tenant with respect to any Tenant the Leasehold Improvements installed in the Premises but only to the extent that such items are not covered by or at the cost of Tenant and any Alterations, but Landlord's casualty insurance obtained by Landlord pursuant to Paragraph 23 below (excluding proceeds for Tenant's furniture, fixtures, equipment furniture and other personal property), whether or not this Lease is terminated as permitted in this Paragraph 20, and Tenant hereby assigns to Landlord all rights to receive such insurance proceeds. If, for any reason (including Tenant's failure to obtain insurance for the full replacement cost of any Tenant Improvements installed by or at the cost of Changes which Tenant and any Alterations from any and all casualtiesis required to insure pursuant to Subparagraphs 14.1(c) and/or 22.1 (a) hereof), Tenant fails to receive insurance proceeds covering the full replacement cost of any such Tenant Improvements installed by or at the cost of Tenant and any Alterations Changes which are damaged, Tenant will shall be deemed to have self-insured the replacement cost of such itemsTenant Changes, and upon any damage or destruction thereto, Tenant agrees to shall immediately pay to Landlord the full replacement cost of such items, less any insurance proceeds actually received by Landlord from Landlord's or Tenant's insurance with respect to such items, but only to the extent that Landlord is required to or elects to reconstruct the same for Tenant's use as provided in this Lease.

Appears in 2 contracts

Samples: Office Lease (Leasehold Resource Group LLC), Office Lease (SHG Holding Solutions Inc)

Tenant’s Costs and Insurance Proceeds. In the event of any damage (haulage or destruction of all or any part of the Premises, Tenant agrees to immediately (i) notify Landlord thereof, and (ii) deliver to Landlord all property insurance proceeds received by Tenant with respect to any Tenant Improvements installed by or at the cost of Tenant and any Alterations, but excluding proceeds for Tenant's furniture, fixtures, equipment and other personal property, whether or not this Lease is terminated as permitted in this Paragraph 20, and Tenant hereby assigns to Landlord all rights to receive such insurance proceeds. If, for any reason (including Tenant's failure to obtain insurance for the full replacement cost of any Tenant Improvements installed by or at the cost of Tenant and any Alterations from any and all casualties), Tenant fails to receive insurance proceeds covering the full replacement cost of any Tenant Improvements installed by or at the cost of Tenant and any Alterations which are damaged, Tenant will be deemed to have self-insured the replacement cost of such items, and upon any damage or destruction thereto, Tenant agrees to immediately pay to Landlord the full replacement cost of such items, less any insurance proceeds actually received by Landlord from Landlord's or Tenant's insurance with respect to such items.

Appears in 1 contract

Samples: Office Building Lease (Ijnt Net Inc)

Tenant’s Costs and Insurance Proceeds. In the event of any damage or destruction of all or any part of the Premises, Tenant agrees to immediately (i) notify Landlord thereof, and (ii) deliver to Landlord all property insurance proceeds received by Tenant with respect to any Tenant Improvements tenant improvements installed by or at the cost of Tenant and any Alterationsalterations, but excluding proceeds for Tenant's furniture, fixtures, equipment and other personal property, whether or not this Lease is terminated as permitted in this Paragraph 20, and Tenant hereby assigns to Landlord all rights to receive such insurance proceeds. If, for any reason (including Tenant's failure to obtain insurance for the full replacement cost of any Tenant Improvements installed by or at the cost of Tenant and any Alterations alterations from any and all casualties), Tenant fails to receive insurance proceeds covering the full replacement cost of any Tenant Improvements installed by or at the cost of Tenant such tenant improvements and any Alterations alterations which are damaged, Tenant will be deemed to have self-insured the replacement cost of such items, and upon any damage or destruction thereto, Tenant agrees to immediately pay to Landlord the full replacement cost of such items, less any insurance proceeds actually received by Landlord from Landlord's or Tenant's insurance with respect to such items.

Appears in 1 contract

Samples: Office Building Lease (Probusiness Services Inc)

Tenant’s Costs and Insurance Proceeds. In the event of any damage or destruction of all or any part of the Premises, Tenant agrees to immediately shall promptly: (ia) notify Landlord thereof, ; and (iib) deliver to Landlord all property insurance proceeds received by Tenant with respect to any Tenant the Leasehold Improvements installed in the Premises but only to the extent that such items are not covered by or at the cost of Tenant and any Alterations, but Landlord’s property insurance obtained by Landlord pursuant to Section 9.1 above (excluding proceeds for Tenant's furniture, fixtures, equipment ’s furniture and other personal property), whether or not this Lease is terminated as permitted in this Paragraph 20Section 10, and Tenant hereby assigns to Landlord all rights to receive such insurance proceeds. If, for any reason (including due to Tenant's ’s failure to obtain insurance for the full replacement cost of any Tenant Improvements installed by or at the cost of Changes which Tenant and any Alterations from any and all casualtiesis required to insure pursuant to Sections 7.1(c) and/or 9.2(d) hereof), Tenant fails to receive insurance proceeds covering the full replacement cost of any such Tenant Improvements installed by or at the cost of Tenant and any Alterations Changes which are damaged, Tenant will shall be deemed to have self-insured the replacement cost of such items, and upon Tenant Changes. Upon any damage or destruction theretoto any Tenant Changes and to the extent that Landlord is required to or elects to reconstruct same for Tenant’s use as provided in this Lease, Tenant agrees to immediately shall pay to Landlord the full replacement cost of such items, less any insurance proceeds actually received by Landlord from Landlord's ’s or Tenant's ’s insurance with respect to such itemsitems within thirty (30) days after receipt of written demand from Landlord.

Appears in 1 contract

Samples: Lease Agreement (First California Financial Group, Inc.)

Tenant’s Costs and Insurance Proceeds. In the event of any damage or destruction of all or any part of the Premises, Tenant agrees to immediately (i) notify Landlord thereof, and (ii) deliver to Landlord all property insurance proceeds received by Tenant with respect to any Tenant Improvements installed by or at the cost of Tenant and any Alterations, but excluding proceeds for Tenant's ’s furniture, fixtures, equipment and other personal property, whether or not this Lease is terminated as permitted in this Paragraph 20, and Tenant hereby assigns to Landlord all rights to receive such insurance proceeds. If, for any reason (including as a result of Tenant's ’s failure to obtain insurance for the full replacement cost of any Tenant Improvements installed by or at the cost of Tenant and any Alterations from any and all casualties), required pursuant to this Lease Tenant fails to receive insurance proceeds covering the full replacement cost of any Tenant Improvements installed by or at the cost of Tenant and any Alterations which are damaged, Tenant will be deemed to have self-insured the replacement cost of such items, and upon any damage or destruction thereto, Tenant agrees to immediately pay to Landlord the full replacement cost of such items, less any insurance proceeds actually received by Landlord from Landlord's ’s or Tenant's ’s insurance with respect to such items.

Appears in 1 contract

Samples: Office Building Lease (Monolithic System Technology Inc)

Tenant’s Costs and Insurance Proceeds. In the event of any damage or destruction of all or any part of the Premises, Tenant agrees to immediately shall immediately: (ia) notify Landlord thereof, ; and (iib) deliver to Landlord all property insurance proceeds received by Tenant with respect to any the Tenant Improvements installed by or at and Tenant Changes in the cost of Tenant and any Alterations, but Premises (excluding proceeds for Tenant's furniture, fixtures, fixtures and equipment and other personal property), whether or not this Lease is terminated as permitted in this Paragraph 20Section 18, and Tenant hereby assigns to Landlord all rights to receive such insurance proceeds. If, for any reason (including Tenant's failure to obtain insurance for the full replacement cost of any Tenant Improvements installed by or at the cost of Changes which Tenant and any Alterations from any and all casualtiesis required to insure pursuant to Sections 12.1(c) and/or 20.1(a) hereof), Tenant fails to receive insurance proceeds covering the full replacement cost of any such Tenant Improvements installed by or at the cost of Tenant and any Alterations Changes which are damaged, Tenant will shall be deemed to have self-insured the replacement cost of such itemsTenant Changes, and upon any damage or destruction theretothereto and provided Landlord restores the Premises, Tenant agrees to shall immediately pay to Landlord the full replacement cost of such items, less any insurance proceeds actually received by Landlord from Landlord's or Tenant's insurance with respect to such items.

Appears in 1 contract

Samples: Office Lease (Websidestory Inc)

Tenant’s Costs and Insurance Proceeds. In the event of any damage or destruction of all or any part of the Premises, Tenant agrees to immediately (i) notify Landlord thereof, and (ii) deliver to Landlord all property insurance proceeds received by Tenant with respect to any Tenant Improvements installed by or at the cost of Tenant and any Alterations, but excluding proceeds for Tenant's furniture, fixtures, equipment and other personal property, whether or not this Lease is terminated as permitted in this Paragraph 20, and Tenant hereby assigns to Landlord all rights to receive such insurance proceeds. If, for any reason (including Tenant's failure to obtain insurance for the full replacement cost of any Tenant Improvements installed by or at the cost of Tenant and any Alterations from any and all casualties), Tenant fails to receive insurance proceeds covering the full replacement cost of any Tenant Improvements installed by or at the cost of Tenant and any Alterations which are damaged, Tenant will be deemed to have self-insured the replacement cost of such items, and upon any damage or destruction thereto, Tenant agrees to immediately pay to Landlord the full replacement cost of such items, less any insurance proceeds actually received by Landlord from Landlord's or Tenant's insurance with respect to such items.

Appears in 1 contract

Samples: Lease Agreement (Illumina Inc)

Tenant’s Costs and Insurance Proceeds. In the event of any damage or destruction of all or any part of the Premises, Tenant agrees to immediately shall immediately: (ia) notify Landlord thereof, and (iib) deliver to Landlord all property insurance proceeds received by Tenant with respect to any the Tenant Improvements installed and Tenant Changes in the Premises to the extent such items are not covered by or at the cost of Tenant and any Alterations, but Xxxxxxxx's casualty insurance obtained by Landlord pursuant to Section 13 (excluding proceeds for Tenant's furniture, fixtures, equipment furniture and other personal property), whether or not this Lease is terminated as permitted in this Paragraph 20, and Section 16. Tenant hereby assigns to Landlord all rights to receive such insurance proceeds. If, for any reason (including TenantXxxxxx's failure to obtain insurance for the full replacement cost of any Tenant Improvements installed by or at the cost of Changes which Tenant is required to insure pursuant to Sections 10.1 and any Alterations from any and all casualties12.1 (a)), Tenant fails to receive insurance proceeds covering the full replacement cost of any such Tenant Improvements installed by or at the cost of Tenant and any Alterations Changes which are damaged, Tenant will shall be deemed to have self-insured the replacement cost of such itemsTenant Changes, and upon any damage or destruction theretoto such Tenant Changes, Tenant agrees to shall immediately pay to Landlord the full replacement cost of such items, less any insurance proceeds actually received by Landlord from Landlord's or Tenant's insurance with respect to such items.

Appears in 1 contract

Samples: Lease Agreement (Eyeonics Inc)

Tenant’s Costs and Insurance Proceeds. In the event of any damage or destruction of all or any part of the Premises, Tenant agrees to immediately (i) notify Landlord thereof, and (ii) deliver to Landlord all property insurance proceeds received by Tenant with respect to any Tenant Improvements installed by or at the cost of Tenant and any Alterations, but excluding proceeds for Tenant's furniture, fixtures, equipment and other personal property, whether or not this Lease is terminated as permitted in this Paragraph 20, and Tenant hereby assigns to Landlord all rights to receive such insurance proceeds. If, for any reason (including Tenant's failure to obtain insurance for the full replacement cost of any Tenant Improvements installed by or at the cost of Tenant and any Alterations from any and all casualties), Tenant fails to receive insurance proceeds covering the full replacement cost of any Tenant Improvements installed by or at the cost of Tenant and any Alterations which are damaged, Tenant will be deemed to have self-insured the replacement cost of such items, and upon any damage or destruction thereto, Tenant agrees to immediately pay to Landlord the full replacement cost of such items, less any insurance proceeds actually received by Landlord from Landlord's or Tenant's insurance with respect to such items; provided, however, that Landlord shall not be obligated to restore improvements which it has specified must be removed upon expiration of this Lease unless Tenant provides the insurance proceeds therefor, which Tenant, at its option, may retain.

Appears in 1 contract

Samples: Lease (Apria Healthcare Group Inc)

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Tenant’s Costs and Insurance Proceeds. In the event of any damage or destruction of all or any part of the Premises, Tenant agrees to immediately shall immediately: (ia) notify Landlord thereof, ; and (iib) deliver to Landlord all property insurance proceeds received by Tenant with respect to any the Tenant Improvements installed and Tenant Changes in the Premises to the extent such items are not covered by or at the cost of Tenant and any Alterations, but Landlord's casualty insurance obtained by Landlord pursuant to Section 21 below (excluding proceeds for Tenant's furniture, fixtures, equipment furniture and other personal property), whether or not this Lease is terminated as permitted in this Paragraph 20Section 18, and Tenant hereby assigns to Landlord all rights to receive such insurance proceeds. If, for any reason (including Tenant's failure to obtain insurance for the full replacement cost of any Tenant Improvements installed by or at the cost of Changes which Tenant and any Alterations from any and all casualties)is required to insure pursuant to Sections 12.1 and/or 20.1 (a) hereof, Tenant fails to receive insurance proceeds covering the full replacement cost of any such Tenant Improvements installed by or at the cost of Tenant and any Alterations Changes which are damaged, Tenant will shall be deemed to have self-insured the replacement cost of such itemsTenant Changes, and upon any damage or destruction thereto, Tenant agrees to shall immediately pay to Landlord the full replacement cost of such items, less any insurance proceeds actually received by Landlord from Landlord's or Tenant's insurance with respect to such items.

Appears in 1 contract

Samples: Single Tenant Industrial Lease (Synbiotics Corp)

Tenant’s Costs and Insurance Proceeds. In the event of any damage or destruction of all or any part of the Premises, Tenant agrees to immediately shall immediately: (ia) notify Landlord thereof, ; and (iib) deliver to Landlord all property insurance proceeds received by Tenant with respect to any the Tenant Improvements installed and Tenant Changes in the Premises to the extent such items are not covered by or at the cost of Tenant and any Alterations, but Landlord's casualty insurance obtained by Landlord pursuant to Section 21 below (excluding proceeds for Tenant's furniture, fixtures, equipment furniture and other personal property), whether or not this Lease is terminated as permitted in this Paragraph 20Section 18, and Tenant hereby assigns to Landlord all rights to receive such insurance proceeds. If, for any reason (including Tenant's failure to obtain insurance for the full replacement cost of any Tenant Improvements installed by or at the cost of Changes which Tenant and any Alterations from any and all casualtiesis required to insure pursuant to Sections 12.1(b) and/or 20.1(a) hereof), Tenant fails to receive insurance proceeds covering the full replacement cost of any such Tenant Improvements installed by or at the cost of Tenant and any Alterations Changes which are damaged, Tenant will shall be deemed to have self-insured the replacement cost of such itemsTenant Changes, and upon any damage or destruction thereto, Tenant agrees to shall immediately pay to Landlord the full replacement cost of such items, less any insurance proceeds actually received by Landlord from Landlord's or Tenant's insurance with respect to such items.

Appears in 1 contract

Samples: Multi Tenant Industrial Lease (E Digital Corp)

Tenant’s Costs and Insurance Proceeds. In the event of any damage or destruction of all or any part of the Premises, Tenant agrees to immediately shall immediately: (ia) notify Landlord thereof, ; and (iib) deliver to Landlord all property insurance proceeds received by Tenant with respect to any the Tenant Improvements installed by or at and Tenant Changes in the cost of Tenant and any Alterations, but Premises (excluding proceeds for Tenant's furniture, fixtures, equipment furniture and other personal property), whether or not this Lease is terminated as permitted in this Paragraph 20Section 18, and Tenant hereby assigns to Landlord all rights to receive such insurance proceeds. If, for any reason (including Tenant's failure to obtain insurance for the full replacement cost of any Tenant Improvements installed by or at the cost of Changes which Tenant and any Alterations from any and all casualtiesis required to insure pursuant to Sections 12.1(c) and/or 20.1(a) hereof), Tenant fails to receive insurance proceeds covering the full replacement cost of any such Tenant Improvements installed by or at the cost of Tenant and any Alterations Changes which are damaged, Tenant will shall be deemed to have self-insured the replacement cost of such itemsTenant Changes, and upon any damage or destruction thereto, Tenant agrees to shall immediately pay to Landlord the full replacement cost of such items, less any insurance proceeds actually received by Landlord from Landlord's or Tenant's insurance with respect to such items. If Landlord elects not to restore the Premises and to terminate this Lease, Tenant shall be entitled to recover from the proceeds of Tenant's insurance for the Premises or Landlord's insurance, as the case may be, the unamortized cost of: (i) any Tenant Changes and (ii) any Tenant Improvements to the extent paid for by Tenant (i.e., in excess of the Allowance provided by Landlord).

Appears in 1 contract

Samples: Lease (Doubleclick Inc)

Tenant’s Costs and Insurance Proceeds. In the event of any damage or destruction of all or any part of the Premises, Tenant agrees to immediately (i) notify Landlord thereof, and (ii) deliver to Landlord all property insurance proceeds received by Tenant with respect to any Tenant Improvements tenant improvements installed by or at the cost of Tenant and any Alterationsalterations, but excluding proceeds for Tenant's ’s furniture, fixtures, equipment and other personal property, whether or not this Lease is terminated as permitted in this Paragraph 20, and Tenant hereby assigns to Landlord all rights to receive such insurance proceedsproceeds to the extent of any balance of the Monthly Amortized Tenant Improvement Repayment then due. IfUpon delivery of such insurance proceeds to Landlord, the amount o of such insurance proceeds will be credited against the balance of the Monthly Amortized Tenant Improvement Repayment obligation. If for any reason (including Tenant's ’s failure to obtain insurance for the full replacement cost of any Tenant Improvements installed by or at the cost of Tenant and any Alterations from any and all casualtiesrequired insurance), Tenant fails to receive insurance proceeds covering the full replacement cost of any Tenant Improvements installed by or at the cost of Tenant tenant improvements and any Alterations alterations which are damaged, Tenant will be deemed to have self-insured the replacement cost of such items, and upon any damage or destruction thereto, Tenant agrees to immediately pay to Landlord the full replacement cost of such items, less any insurance proceeds actually received by Landlord from Landlord's ’s or Tenant's ’s insurance with respect to such items.

Appears in 1 contract

Samples: Multi Tenant Net Commercial Lease (Encore Capital Group Inc)

Tenant’s Costs and Insurance Proceeds. In the event of any damage or destruction of all or any part of the Premises, Tenant agrees to immediately (i) notify Landlord thereof, and (ii) deliver to Landlord all property insurance proceeds received by Tenant with respect to any Tenant Improvements installed by or at the cost of Tenant and any Alterations, but excluding proceeds for Tenant's furniture, fixtures, equipment and other personal property, whether or not this Lease is terminated as permitted in this Paragraph 20, and Tenant hereby assigns to Landlord all rights to receive such insurance proceeds. If, for any reason (including If due to Tenant's failure to obtain insurance for the full replacement cost of any Tenant Improvements installed by or at the cost of Tenant and any Alterations from any and all casualties), Tenant fails to receive insurance proceeds covering the full replacement cost of any Tenant Improvements installed by or at the cost of Tenant and any Alterations which are damaged, then to the extent of any insurance proceeds that would have been payable under the insurance policies required to be obtained by Tenant under Paragraph 19 above plus any deductible, Tenant will be deemed to have self-insured the replacement cost of such items, and upon any damage or destruction thereto, Tenant agrees to immediately pay to Landlord the full replacement cost of such items, less any insurance proceeds actually received by Landlord from Landlord's or Tenant's insurance with respect to such items.

Appears in 1 contract

Samples: Office Building Lease (Simpson Manufacturing Co Inc /Ca/)

Tenant’s Costs and Insurance Proceeds. In the event of any ------------------------------------- damage or destruction of all or any part of the Premises, Tenant agrees to immediately (i) notify Landlord thereof, and (ii) deliver to Landlord all property insurance proceeds received by Tenant with respect to any Tenant Improvements installed by or at the cost of Tenant and any Alterations, but excluding proceeds for Tenant's furniture, fixtures, equipment and other personal property, whether or not this Lease is terminated as permitted in this Paragraph Section 20, and Tenant hereby assigns to Landlord all rights to receive such insurance proceeds. If, for any reason (including Tenant's failure to obtain insurance for the full replacement cost of any Tenant Improvements installed by or at the cost of Tenant and any Alterations from any and all casualties), Tenant fails to receive insurance proceeds covering the full replacement cost of any Tenant Improvements installed by or at the cost of Tenant and any Alterations which are damaged, Tenant will be deemed to have self-insured the replacement cost of such items, and upon any damage or destruction thereto, Tenant agrees to immediately pay to Landlord the full replacement cost of such items, less any insurance proceeds actually received by Landlord from Landlord's or Tenant's insurance with respect to such items.

Appears in 1 contract

Samples: Sublease Agreement (Auto by Tel Corp)

Tenant’s Costs and Insurance Proceeds. In the event of any damage or destruction of all or any part of the Premises, Tenant agrees to immediately (i) notify Landlord thereof, and (ii) deliver to Landlord all property insurance proceeds received by Tenant with respect to any Tenant Improvements alterations or improvements installed by or at the cost of Tenant and any AlterationsTenant, but excluding proceeds for Tenant's furniture, fixtures, equipment and other personal property, whether or not this Lease is terminated as permitted in this Paragraph 2017, and Tenant hereby assigns to Landlord all rights to receive such insurance proceeds. If, for any reason (including Tenant's failure to obtain insurance for the full replacement cost of any Tenant Improvements alterations or improvements installed by or at the cost of Tenant and any Alterations from any and all casualties), Tenant fails to receive insurance proceeds covering the full replacement cost of any Tenant Improvements tenant improvements installed by or at the cost of Tenant and any Alterations alterations which are damaged, Tenant will be deemed to have self-insured the replacement cost of such items, and upon any damage or destruction thereto, Tenant agrees to immediately pay to Landlord the full replacement cost of such items, less any insurance proceeds actually received by Landlord from Landlord's or Tenant's insurance with respect to such items.

Appears in 1 contract

Samples: Single Tenant Lease (Illumina Inc)

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