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 required insurance), Tenant fails to receive insurance proceeds covering the full replacement cost of any tenant improvements 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 4 contracts

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

AutoNDA by SimpleDocs

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 alterationsalterations , but excluding proceeds for Tenant's Tenant s furniture, fixtures, equipment and other personal property, property whether or not this Lease is terminated as permitted in this Paragraph 20, 20 and Tenant hereby assigns to Landlord all rights to receive such insurance proceeds. If for any reason (including Tenant's Tenants failure to obtain required insurance), ) Tenant fails to receive insurance proceeds covering the full replacement cost of any tenant improvements and any alterations which are damaged, Tenant will be deemed to have self-self- insured the replacement cost of such items, and upon any damage or destruction thereto, thereto Tenant 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 or Tenant'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 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 Tenant's ’s failure to obtain required insurance), Tenant fails to receive insurance proceeds covering the full replacement cost of any tenant improvements 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 2 contracts

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

Tenant’s Costs and Insurance Proceeds. In the event of any damage ------------------------------------- or destruction of all or any part of the PremisesBuilding or the Parking Structure, Tenant agrees to shall 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 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 2021, and Tenant hereby assigns to Landlord all rights to receive such insurance proceeds. If If, for any reason (including Tenant's failure to obtain required insuranceinsurance for the full replacement cost of the Alterations from any and all casualties), Tenant fails to receive insurance proceeds covering the full replacement cost of any tenant improvements and any alterations the Alterations which are damaged, Tenant will shall be deemed to have self-insured the replacement cost of such items, 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: Office Building Lease (Kana Communications 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 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 If, due to Tenant's failure to obtain required insurance)insurance for the full replacement cost of any Alterations, Tenant fails to receive insurance proceeds covering the full replacement cost of any 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: Wave Systems 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 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 If, for any reason (including Tenant's failure to obtain required insuranceinsurance 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 such tenant improvements 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: 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 (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 Improvements 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 Section 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 required insuranceinsurance for the full replacement cost of any Tenant Improvements 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 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: Lease (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 installed by or at the cost of Tenant Improvements 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 If, for any reason (including Tenant's failure to obtain required insuranceinsurance for the full replacement cost of any Tenant Improvements 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 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: Illumina Inc

AutoNDA by SimpleDocs

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 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 If, for any reason (including Tenant's failure to obtain required insuranceinsurance for the full replacement cost of any Alterations from any and all casualties), Tenant fails to receive insurance proceeds covering the full replacement cost of any 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: Industrial Lease (Cutter & Buck 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 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 If, for any reason (including Tenant's failure to obtain required insuranceinsurance for the full replacement cost of any Alterations from any and all casualties), Tenant fails to receive insurance proceeds covering the full replacement cost of any 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: Industrial Lease (Cutter & Buck 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 proceeds. If for any reason (including If, as a result of Tenant's ’s failure to obtain insurance required insurance), pursuant to this Lease 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 ’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, Premises Tenant agrees to immediately (i) notify Landlord thereof, 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 alterations bul excluding proceeds for Tenant's Tenant s furniture, fixtures, equipment and other personal property, property whether or not this Lease is terminated as permitted in this Paragraph 20, 20 and Tenant hereby assigns to Landlord all rights to receive such insurance proceeds. If for any reason (including Tenant's Tenants failure to obtain required insurance), ) Tenant fails to receive insurance proceeds covering the full replacement cost of any tenant improvements and any alterations which are damaged, damaged Tenant will be deemed to have self-insured the replacement cost of oi such items, items and upon any damage or destruction thereto, thereto Tenant 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 or Tenant's insurance with respect to such items.

Appears in 1 contract

Samples: 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 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 Improvements 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 If, for any reason (including Tenant's failure to obtain required insuranceinsurance for the full replacement cost of any Tenant Improvements 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 and any alterations Alterations which are damaged, Tenant 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 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: Axsys Technologies Inc

Time is Money Join Law Insider Premium to draft better contracts faster.