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 shall immediately: (a) notify Landlord thereof; and (b) deliver to Landlord all insurance proceeds received by Tenant with respect to the Tenant Improvements and Alterations (to the extent such items are not covered by Landlord’s casualty insurance obtained by Landlord pursuant to this Lease) and with respect to Alterations in the Premises that Tenant is required to insure pursuant to Section 13.1, excluding proceeds for Tenant’s furniture and other personal property, whether or not this Lease is terminated as permitted in Section 17.1, 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 Alterations which Tenant is required to insure pursuant to Section 13.1 hereof), Tenant fails to receive insurance proceeds covering the full replacement cost of such Alterations which are damaged, Tenant shall be deemed to have self-insured the replacement cost of such Alterations, and upon any damage or destruction thereto, Tenant 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 5 contracts

Samples: Office Lease (Alteryx, Inc.), Lease (Corium International, Inc.), Work Letter Agreement (Gigamon LLC)

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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 shall immediately: (a) notify Landlord thereof; and (b) deliver to Landlord all insurance proceeds received by Tenant with respect to the Tenant Improvements and Alterations (to the extent such items are not covered by Landlord’s casualty insurance obtained by Landlord pursuant to this Lease) and with respect to Alterations Tenant Changes in the Premises that Tenant is required to insure pursuant to Section 13.1, (excluding proceeds for Tenant’s furniture and other personal property), whether or not this Lease is terminated as permitted in this Section 17.118, 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 the Tenant Improvements and any Alterations Tenant Changes which Tenant is required to insure pursuant to Section 13.1 Sections 12.1(c) and/or 20.1(a) hereof), Tenant fails to receive insurance proceeds covering the full replacement cost of such Alterations Tenant Improvements and Tenant Changes which are damaged, Tenant shall be deemed to have self-insured the replacement cost of such AlterationsTenant Improvements and Tenant Changes, and upon any damage or destruction thereto, Tenant 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 5 contracts

Samples: Work Letter Agreement (Auspex Pharmaceuticals, Inc.), Work Letter Agreement (Auspex Pharmaceuticals, Inc.), Work Letter Agreement (Hi/Fn Inc)

Tenant’s Costs and Insurance Proceeds. In the event of any damage or destruction of all or any part of the Premises, Tenant shall immediately: agrees to immediately (ai) notify Landlord thereof; , and (bii) deliver to Landlord all property insurance proceeds received by Tenant with respect to the any Tenant Improvements installed by or at the cost of Tenant and Alterations (to the extent such items are not covered by Landlord’s casualty insurance obtained by Landlord pursuant to this Lease) and with respect to Alterations in the Premises that Tenant is required to insure pursuant to Section 13.1any Alterations, but excluding proceeds for Tenant’s furniture 's furniture, fixtures, equipment and other personal property, whether or not this Lease is terminated as permitted in Section 17.1this Paragraph 20, 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 Tenant Improvements installed by or at the cost of Tenant and any Alterations which Tenant is required to insure pursuant to Section 13.1 hereoffrom any and all casualties), Tenant fails to receive insurance proceeds covering the full replacement cost of such any Tenant Improvements installed by or at the cost of Tenant and any Alterations which are damaged, Tenant shall will be deemed to have self-insured the replacement cost of such Alterationsitems, and upon any damage or destruction thereto, Tenant shall 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 5 contracts

Samples: Alliance Bancshares California, Letter Agreement (New Century Financial Corp), Office Building Lease (Netsol International Inc)

Tenant’s Costs and Insurance Proceeds. In the event of any damage or destruction of all or any part of the Premises, Tenant shall immediately: agrees to immediately (ai) notify Landlord thereof; , and (bii) deliver to Landlord all property insurance proceeds received by Tenant with respect to any tenant improvements installed by or at the cost of Tenant Improvements and Alterations (to the extent such items are not covered by Landlord’s casualty insurance obtained by Landlord pursuant to this Lease) and with respect to Alterations in the Premises that Tenant is required to insure pursuant to Section 13.1any alterations, but excluding proceeds for Tenant’s furniture 's furniture, fixtures, equipment and other personal property, whether or not this Lease is terminated as permitted in Section 17.1this Paragraph 20, and Tenant hereby assigns to Landlord all rights to receive such insurance proceeds. If, If for any reason (including Tenant’s 's failure to obtain insurance for the full replacement cost of any Alterations which Tenant is required to insure pursuant to Section 13.1 hereofinsurance), Tenant fails to receive insurance proceeds covering the full replacement cost of such Alterations any tenant improvements and any alterations which are damaged, Tenant shall will be deemed to have self-insured the replacement cost of such Alterationsitems, and upon any damage or destruction thereto, Tenant shall 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 4 contracts

Samples: Industrial Lease (AcuNetx, Inc.), Exhibit 10 (Softlink Inc), Genomic Solutions Inc

Tenant’s Costs and Insurance Proceeds. In the event of any damage or destruction of all or any part of the Premises, Tenant shall immediately: agrees to immediately (ai) notify Landlord thereof; , and (bii) deliver to Landlord all property insurance proceeds received by Tenant with respect to any tenant improvements installed by or at the cost of Tenant Improvements and Alterations (to the extent such items are not covered by Landlord’s casualty insurance obtained by Landlord pursuant to this Lease) and with respect to Alterations in the Premises that Tenant is required to insure pursuant to Section 13.1any alterations, but excluding proceeds for Tenant’s furniture furniture, fixtures, equipment and other personal property, whether or not this Lease is terminated as permitted in Section 17.1this Paragraph 20, and Tenant hereby assigns to Landlord all rights to receive such insurance proceeds. If, If for any reason (including Tenant’s failure to obtain insurance for the full replacement cost of any Alterations which Tenant is required to insure pursuant to Section 13.1 hereofinsurance), Tenant fails to receive insurance proceeds covering the full replacement cost of such Alterations any tenant improvements and any alterations which are damaged, Tenant shall will be deemed to have self-insured the replacement cost of such Alterationsitems, and upon any damage or destruction thereto, Tenant shall 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 2 contracts

Samples: Industrial Lease (Sintx Technologies, Inc.), Industrial Lease (Mfic Corp)

Tenant’s Costs and Insurance Proceeds. In the event of any Upon damage or destruction of all or any part of the PremisesPremises by a Covered Peril, Tenant shall immediately: (a) notify Landlord thereof; and (b) immediately deliver to Landlord all property insurance proceeds received by Tenant with respect to the Tenant Leasehold Improvements and Alterations (to the extent such items are not covered by Landlord’s casualty insurance obtained by Landlord pursuant to this Lease) and with respect to Alterations in the Premises that Tenant is required to insure pursuant to Section 13.1any Alterations, but excluding proceeds for Tenant’s furniture Trade Fixtures, furniture, fixtures, equipment and other personal property, whether or not this Lease is terminated as permitted in Section 17.1this article 11 of this Lease, and Tenant hereby assigns to Landlord all rights to receive such insurance proceeds. If, for any reason (including as a result of Tenant’s failure to obtain the required insurance for the full replacement cost of any Alterations which Tenant is required to insure pursuant to Section 13.1 hereof)the Leasehold Improvements and the Alterations, Tenant fails to receive insurance proceeds covering the full replacement cost of such the Leasehold Improvements and the Alterations which are damaged, Tenant shall be deemed to have self-insured the replacement cost of such Alterationsitems, and upon any damage or destruction thereto, Tenant shall immediately pay to Landlord within 20 days after receipt of Landlord’s written request therefor, 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 2 contracts

Samples: Acceptance Agreement (Nevro Corp), Acceptance Agreement (Nevro Corp)

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

Appears in 2 contracts

Samples: Early Possession Agreement (Litronic Inc), Early Possession Agreement (Litronic Inc)

Tenant’s Costs and Insurance Proceeds. In the event of any damage or destruction of all or any part of the Premises, Tenant shall immediately: (a) notify Landlord thereof; and (b) deliver to Landlord all insurance proceeds received by Tenant with respect to the Tenant Improvements and Alterations (to the extent such items are not covered by Landlord’s casualty insurance obtained by Landlord pursuant to this Lease) and with respect to Alterations Tenant Changes in the Premises that Tenant is required to insure pursuant to Section 13.1, (excluding proceeds for Tenant’s 's furniture and other personal property), whether or not this Lease is terminated as permitted in this Section 17.118, 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 Tenant Changes which Tenant is required to insure pursuant to Section 13.1 Sections 12.1(c) and/or 20.1(a) hereof), Tenant fails to receive insurance proceeds covering the full replacement cost of such Alterations Tenant Changes which are damaged, Tenant shall be deemed to have self-insured the replacement cost of such AlterationsTenant Changes, and upon any damage or destruction thereto, Tenant 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 2 contracts

Samples: Office Lease (Willdan Group, Inc.), Office Lease (Maxwell Laboratories Inc /De/)

Tenant’s Costs and Insurance Proceeds. In the event of any damage or destruction of all or any part of the Premises, Tenant shall immediately: agrees to immediately (ai) notify Landlord thereof; , and (bii) deliver to Landlord all property insurance proceeds received by Tenant with respect to the any Tenant Improvements installed by or at the cost of Tenant and Alterations (to the extent such items are not covered by Landlord’s casualty insurance obtained by Landlord pursuant to this Lease) and with respect to Alterations in the Premises that Tenant is required to insure pursuant to Section 13.1any Alterations, but excluding proceeds for Tenant’s furniture 's furniture, fixtures, equipment and other personal property, whether or not this Lease is terminated as permitted in Section 17.1this Paragraph 20, 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 Tenant Improvements installed by or at the cost of Tenant and any Alterations which Tenant is required to insure pursuant to Section 13.1 hereoffrom any and all casualties), Tenant fails to receive insurance proceeds covering the full replacement cost of such any Tenant Improvements installed by or at the cost of Tenant and any Alterations which are damaged, Tenant shall will be deemed to have self-insured the replacement cost of such Alterationsitems, and upon any damage or destruction thereto, Tenant shall 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.. f)

Appears in 1 contract

Samples: Work Letter Agreement (Thinka Weight Loss Corp)

Tenant’s Costs and Insurance Proceeds. In the event of any damage or destruction of all or any part of the Premises, Tenant shall immediately: agrees to immediately (ai) notify Landlord thereof; , and (bii) deliver to Landlord all property insurance proceeds received by Tenant with respect to the any Tenant Improvements installed by or at the cost of Tenant and Alterations (to the extent such items are not covered by Landlord’s casualty insurance obtained by Landlord pursuant to this Lease) and with respect to Alterations in the Premises that Tenant is required to insure pursuant to Section 13.1any Alterations, but excluding proceeds for Tenant’s furniture furniture, fixtures, equipment and other personal property, whether or not this Lease is terminated as permitted in Section 17.1this 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 failure to obtain insurance for the full replacement cost of any Alterations which Tenant is required to insure pursuant to Section 13.1 hereof), this Lease Tenant fails to receive insurance proceeds covering the full replacement cost of such any Tenant Improvements installed by or at the cost of Tenant and any Alterations which are damaged, Tenant shall will be deemed to have self-insured the replacement cost of such Alterationsitems, and upon any damage or destruction thereto, Tenant shall 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 (Monolithic System Technology Inc)

Tenant’s Costs and Insurance Proceeds. In the event of any damage or destruction of all or any part of all the Premises, Tenant shall immediately: (a) notify Landlord thereof; and (b) deliver to Landlord all insurance proceeds received by Tenant with respect to the Tenant Improvements and Alterations (in the Premises to the extent such items are not covered by Landlord’s casualty insurance obtained by Landlord pursuant to this Lease) and with respect to Alterations in the Premises that Tenant is required to insure pursuant to Section 13.1, 21 below (excluding proceeds for Tenant’s furniture and other personal property), whether or not this Lease is terminated as permitted in this Section 17.119, 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 Alterations which Tenant is required to insure pursuant to Section 13.1 Sections 12.1 and/or 20.1(a) hereof), Tenant fails to receive insurance proceeds covering the full replacement cost of such Alterations which are damaged, Tenant shall be deemed to have self-insured the replacement cost of such Alterations, and upon any damage or destruction thereto, Tenant 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 Insurance with respect to such items.

Appears in 1 contract

Samples: Retail Lease (La Rosa Holdings Corp.)

Tenant’s Costs and Insurance Proceeds. In the event of any damage or destruction of all or any part of the Premises, Tenant shall immediately: (a) notify Landlord thereof; and (b) deliver to Landlord all insurance proceeds received by Tenant with respect to the Tenant Improvements and Alterations (to the extent such items are not covered by Landlord’s casualty insurance obtained by Landlord pursuant to this Lease) and with respect to Alterations Tenant Changes in the Premises that Tenant is required to insure pursuant to Section 13.1, (excluding proceeds for Tenant’s furniture 's furniture, fixtures and equipment and other personal property), whether or not this Lease is terminated as permitted in this Section 17.118, 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 Tenant Changes which Tenant is required to insure pursuant to Section 13.1 Sections 12.1(c) and/or 20.1(a) hereof), Tenant fails to receive insurance proceeds covering the full replacement cost of such Alterations Tenant Changes which are damaged, Tenant shall be deemed to have self-insured the replacement cost of such AlterationsTenant Changes, and upon any damage or destruction theretothereto and provided Landlord restores the Premises, Tenant 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 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 shall immediately: (a) notify Landlord thereof; and (b) deliver to Landlord all insurance proceeds received by Tenant with respect to the Tenant Improvements and Alterations (to the extent such items are not covered by Landlord’s casualty insurance obtained by Landlord pursuant to this Lease) and with respect to Alterations Changes in the Premises that Tenant is required to insure pursuant to Section 13.1, (excluding proceeds for Tenant’s furniture and other personal property), whether or not this Lease is terminated as permitted in this Section 17.118, 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 Alterations Tenant Changes which Tenant is required to insure pursuant to Section 13.1 Sections 12.1(c) and/or 20.1(a) hereof), Tenant fails to receive insurance proceeds covering the full replacement cost of such Alterations Tenant Changes which are damaged, Tenant shall be deemed to have self-insured the replacement cost of such AlterationsTenant Changes, and upon any damage or destruction thereto, Tenant 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 (Apache Design Solutions Inc)

Tenant’s Costs and Insurance Proceeds. In the event of any damage or destruction of all or any part of the Premises, Tenant shall immediately: agrees to immediately (ai) notify Landlord thereof; , and (bii) deliver to Landlord all property insurance proceeds received by Tenant with respect to any Tenant alterations or improvements installed by or at the Tenant Improvements and Alterations (to the extent such items are not covered by Landlord’s casualty insurance obtained by Landlord pursuant to this Lease) and with respect to Alterations in the Premises that Tenant is required to insure pursuant to Section 13.1cost of Tenant, but excluding proceeds for Tenant’s furniture 's furniture, fixtures, equipment and other personal property, whether or not this Lease is terminated as permitted in Section 17.1this Paragraph 17, 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 alterations or improvements installed by or at the cost of Tenant is required to insure pursuant to Section 13.1 hereoffrom any and all casualties), Tenant fails to receive insurance proceeds covering the full replacement cost of such Alterations any tenant improvements installed by or at the cost of Tenant and any alterations which are damaged, Tenant shall will be deemed to have self-insured the replacement cost of such Alterationsitems, and upon any damage or destruction thereto, Tenant shall 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: Single Tenant Lease (Illumina 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 shall immediately: agrees to immediately (ai) notify Landlord thereof; , and (bii) deliver to Landlord all property insurance proceeds received by Tenant with respect to any tenant improvements installed by or at the cost of Tenant Improvements and Alterations (to the extent such items are not covered by Landlord’s casualty insurance obtained by Landlord pursuant to this Lease) and with respect to Alterations in the Premises that Tenant is required to insure pursuant to Section 13.1any alterations, but excluding proceeds for Tenant’s furniture furniture, fixtures, equipment and other personal property, whether or not this Lease is terminated as permitted in Section 17.1this 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 failure to obtain insurance for the full replacement cost of any Alterations which Tenant is required to insure pursuant to Section 13.1 hereofinsurance), Tenant fails to receive insurance proceeds covering the full replacement cost of such Alterations any tenant improvements and any alterations which are damaged, Tenant shall will be deemed to have self-insured the replacement cost of such Alterationsitems, and upon any damage or destruction thereto, Tenant shall 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: 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 shall immediately: agrees to immediately (ai) notify Landlord thereof; , and (bii) deliver to Landlord all property insurance proceeds received by Tenant with respect to the any Tenant Improvements and Alterations (to the extent such items are not covered by Landlord’s casualty insurance obtained by Landlord pursuant to this Lease) and with respect to Alterations in the Premises that Tenant is required to insure pursuant to Section 13.1any Alterations, but excluding proceeds for Tenant’s furniture 's furniture, fixtures, equipment and other personal property, whether or not this Lease is terminated as permitted in Section 17.1this Paragraph 20, 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 Tenant Improvements and any Alterations which Tenant is required to insure pursuant to Section 13.1 hereoffrom any and all casualties), Tenant fails to receive insurance proceeds covering the full replacement cost of such any Tenant Improvements and any Alterations which are damaged, Tenant shall will be deemed (unless such failure to receive insurance is due to the acts or omissions of Landlord and/or Landlord's agents, employees, or contractors) to have self-insured the replacement cost of such Alterationsitems, and upon any damage or destruction thereto, Tenant shall 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: Axsys Technologies 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 shall immediately: agrees to immediately (ai) notify Landlord thereof; , and (bii) deliver to Landlord all property insurance proceeds received by Tenant with respect to the any Tenant Improvements installed by or at the cost of Tenant and Alterations (to the extent such items are not covered by Landlord’s casualty insurance obtained by Landlord pursuant to this Lease) and with respect to Alterations in the Premises that Tenant is required to insure pursuant to Section 13.1any Alterations, but excluding proceeds for Tenant’s furniture 's furniture, fixtures, equipment and other personal property, whether or not this Lease is terminated as permitted in Section 17.1this Paragraph 20, 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 Tenant Improvements installed by or at the cost of Tenant and any Alterations which Tenant is required to insure pursuant to Section 13.1 hereoffrom any and all casualties), Tenant fails to receive insurance proceeds covering the full replacement cost of such any Tenant Improvements installed by or at the cost of Tenant and any Alterations which are damaged, Tenant shall will be deemed to have self-insured the replacement cost of such Alterationsitems, and upon any damage or destruction thereto, Tenant shall 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: Letter Agreement (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 shall immediately: agrees to immediately (ai) notify Landlord thereof; , and (bii) deliver to Landlord all property insurance proceeds received by Tenant with respect to the any Tenant Improvements installed by or at the cost of Tenant and Alterations (to the extent such items are not covered by Landlord’s casualty insurance obtained by Landlord pursuant to this Lease) and with respect to Alterations in the Premises that Tenant is required to insure pursuant to Section 13.1any Alterations, but excluding proceeds for Tenant’s furniture 's furniture, fixtures, equipment and other personal property, whether or not this Lease is terminated as permitted in Section 17.1this 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 '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 which Tenant is required to insure pursuant to Section 13.1 hereof)from any and all casualties, Tenant fails to receive insurance proceeds covering the full replacement cost of such 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 shall under Paragraph 19 above plus any deductible, Tenant will be deemed to have self-insured the replacement cost of such Alterationsitems, and upon any damage or destruction thereto, Tenant shall 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: Work Letter Agreement (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 shall immediately: agrees to immediately (ai) notify Landlord thereof; , and (bii) deliver to Landlord all property insurance proceeds received by Tenant with respect to the any Tenant Improvements and Alterations (to the extent such items are not covered by Landlord’s casualty insurance obtained by Landlord pursuant to this Lease) and with respect to Alterations in the Premises that Tenant is required to insure pursuant to Section 13.1any Alterations, but excluding proceeds for Tenant’s furniture 's furniture, fixtures, equipment and other personal property, whether or not this Lease is terminated as permitted in Section 17.1this Paragraph 20, 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 Tenant Improvements and any Alterations which Tenant is required to insure pursuant to Section 13.1 hereoffrom any and all casualties), Tenant fails to receive insurance proceeds covering the full replacement cost of such any Tenant Improvements and any Alterations which are damaged, Tenant shall will be deemed to have self-insured the replacement cost of such Alterationsitems, and upon any damage or destruction thereto, Tenant shall 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: Illumina Inc

Tenant’s Costs and Insurance Proceeds. In the event of any Upon damage or destruction of all or any part of the PremisesPremises by a Covered Peril, Tenant shall immediately: (a) notify Landlord thereof; and (b) immediately deliver to Landlord all property insurance proceeds received by Tenant with respect to the Tenant Leasehold Improvements and Alterations (to the extent such items are not covered by Landlord’s casualty insurance obtained by Landlord pursuant to this Lease) and with respect to Alterations in the Premises that Tenant is required to insure pursuant to Section 13.1any Alterations, but excluding proceeds for Tenant’s furniture FF&E and other personal property, whether or not this Lease is terminated as permitted in Section 17.1this article 11 of this Lease, and Tenant hereby assigns to Landlord all rights to receive such insurance proceeds, and if this Lease is not terminated, Landlord’s restoration obligation shall include such Leasehold Improvements and Alterations. If, for any reason (including as a result of Tenant’s failure to obtain the required insurance for the full replacement cost of any Alterations which Tenant is required to insure pursuant to Section 13.1 hereof)the Leasehold Improvements and the Alterations, Tenant fails to receive insurance proceeds covering the full replacement cost of such the Leasehold Improvements and the Alterations which are damaged, Tenant shall be deemed to have self-insured the replacement cost of such Alterationsitems, and upon any damage or destruction thereto, Tenant shall immediately pay to Landlord within 20 days after receipt of Landlord’s written request therefor, 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: Acceptance Agreement (Sight Sciences, Inc.)

Tenant’s Costs and Insurance Proceeds. In the event of any damage or destruction of all or any part of the Premises, Tenant shall immediately: agrees to immediately (ai) notify Landlord thereof; , and (bii) deliver to Landlord all property insurance proceeds received by Tenant with respect to any tenant improvements installed by or at the cost of Tenant Improvements and Alterations (to the extent such items are not covered by Landlord’s casualty insurance obtained by Landlord pursuant to this Lease) and with respect to Alterations in the Premises that Tenant is required to insure pursuant to Section 13.1any alterations, but excluding proceeds for Tenant’s furniture 's furniture, fixtures, equipment and other personal property, whether or not this Lease is terminated as permitted in Section 17.1this Paragraph 20, 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 is required to insure pursuant to Section 13.1 hereofImprovements 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 such Alterations tenant improvements and any alterations which are damaged, Tenant shall will be deemed to have self-insured the replacement cost of such Alterationsitems, and upon any damage or destruction thereto, Tenant shall 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: 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 shall immediately: agrees to immediately (ai) notify Landlord thereof; , and (bii) deliver to Landlord all property insurance proceeds received by Tenant with respect to the any Tenant Improvements and Alterations (to the extent such items are not covered by Landlord’s casualty insurance obtained by Landlord pursuant to this Lease) and with respect to Alterations in the Premises that Tenant is required to insure pursuant to Section 13.1any Alterations, but excluding proceeds for Tenant’s furniture 's furniture, fixtures, equipment and other personal property, whether or not this Lease is terminated as permitted in this Section 17.120, 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 Tenant Improvements and any Alterations which Tenant is required to insure pursuant to Section 13.1 hereoffrom any and all casualties), Tenant fails to receive insurance proceeds covering the full replacement cost of such any Tenant Improvements and any Alterations which are damaged, Tenant shall will be deemed to have self-insured the replacement cost of such Alterationsitems, and upon any damage or destruction thereto, Tenant shall 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: Lease (Auto by Tel Corp)

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