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 Leasehold Improvements in the Premises but only to the extent that such items are not covered by Landlord's casualty insurance obtained by Landlord pursuant to Paragraph 23 below (excluding proceeds for Tenant's 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 Changes which Tenant is 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 such Tenant Changes which are damaged, Tenant shall be deemed to have self-insured the replacement cost of such 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, 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.

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 Leasehold Improvements and Tenant Changes in the Premises but only to the extent that such items are not covered by Landlord's casualty insurance obtained by Landlord pursuant to Paragraph 23 below (excluding proceeds for Tenant's 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 Changes which Tenant is required to insure pursuant to Subparagraphs Subparagraphs; 14.1(c) and/or 22.1 (a22.1(a) hereof), Tenant fails to receive insurance proceeds covering the full replacement cost of such Tenant Changes which are damaged, Tenant shall be deemed to have self-insured the replacement cost of such Tenant Changes, and upon any damage or destruction theretothereof, 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, 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.

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 Leasehold Tenant Improvements and Tenant Changes in the Premises but only to the extent that such items are not covered by Landlord's casualty insurance obtained by Landlord pursuant to Paragraph 23 below (excluding proceeds for Tenant'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. In the event Tenant has elected to reconstruct and restore the Tenant Improvements pursuant to Section 18.1 above, then Landlord shall disburse such insurance proceeds to Tenant on a progress payment basis during Tenant's reconstruction and restoration of the Tenant Improvements. If, for any reason (including Tenant's failure to obtain insurance for the full replacement cost of any Tenant Changes which Tenant is required to insure pursuant to Subparagraphs 14.1(c) Sections 12.1 and/or 22.1 (a20.1(a) hereof), Tenant fails to receive insurance proceeds covering the full replacement cost of such Tenant Improvements and Tenant Changes which are damaged, Tenant shall be deemed to have self-insured the replacement cost of such Tenant 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, 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.

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 Leasehold Improvements in the Premises any Alterations, but only to the extent that such items are not covered by Landlord's casualty insurance obtained by Landlord pursuant to Paragraph 23 below (excluding proceeds for Tenant's furniture 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 Changes which Tenant is required to insure pursuant to Subparagraphs 14.1(c) and/or 22.1 (a) hereofAlterations from any and all casualties), Tenant fails to receive insurance proceeds covering the full replacement cost of such Tenant Changes any Alterations which are damaged, Tenant shall will be deemed to have self-insured the replacement cost of such Tenant Changesitems, 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; provided, but only to the extent however, that Landlord is required shall not be obligated to or elects to reconstruct restore improvements which it has specified must be removed upon expiration of this Lease unless Tenant provides the same for insurance proceeds therefor, which Tenant's use as provided in this Lease, at its option, may retain.

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 Leasehold Improvements in the Premises but only to the extent that such items are not covered by Landlord's casualty ’s property insurance obtained by Landlord pursuant to Paragraph 23 below Section 9.1 above (excluding proceeds for Tenant's ’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 Changes which Tenant is required to insure pursuant to Subparagraphs 14.1(cSections 7.1(c) and/or 22.1 (a9.2(d) hereof), Tenant fails to receive insurance proceeds covering the full replacement cost of such Tenant Changes which are damaged, Tenant shall be deemed to have self-insured the replacement cost of such Tenant Changes, and upon . 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 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, 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.

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 Leasehold Improvements in the Premises but only tenant improvements and Alterations (to the extent that such items are not covered by Landlord's ’s casualty insurance obtained by Landlord pursuant to Paragraph 23 below (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 ’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 Tenant Changes Alterations which Tenant is required to insure pursuant to Subparagraphs 14.1(c) and/or 22.1 (a) Section 13.1 hereof), Tenant fails to receive insurance proceeds covering the full replacement cost of such Tenant Changes Alterations which are damaged, Tenant shall be deemed to have self-insured the replacement cost of such Tenant ChangesAlterations, 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, 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.

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 Leasehold Tenant Improvements and Tenant Changes in the Premises but only to the extent that such items are not covered by LandlordXxxxxxxx's casualty insurance obtained by Landlord pursuant to Paragraph 23 below Section 13 (excluding proceeds for Tenant's 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 Changes which Tenant is required to insure pursuant to Subparagraphs 14.1(c) and/or 22.1 Sections 10.1 and 12.1 (a) hereof)), Tenant fails to receive insurance proceeds covering the full replacement cost of such Tenant Changes which are damaged, Tenant shall be deemed to have self-insured the replacement cost of such Tenant Changes, and upon any damage or destruction theretoto such Tenant Changes, 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, 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.

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 Leasehold Tenant Improvements and Tenant Changes in the Premises but only to the extent that such items are not covered by Landlord's casualty insurance obtained by Landlord pursuant to Paragraph 23 below (excluding proceeds for Tenant'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 failure to obtain insurance for the full replacement cost of any Tenant Changes which Tenant is required to insure pursuant to Subparagraphs 14.1(cSections 12.1(c) and/or 22.1 (a20.1(a) hereof), Tenant fails to receive insurance proceeds covering the full replacement cost of such Tenant Changes which are damaged, Tenant shall be deemed to have self-insured the replacement cost of such 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. If Landlord elects not to restore the Premises and to terminate this Lease, but only 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 that Landlord is required to or elects to reconstruct paid for by Tenant (i.e., in excess of the same for Tenant's use as Allowance provided in this Leaseby Landlord).

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 Leasehold Improvements in the Premises but only to the extent that such items are not covered by Landlord's casualty insurance obtained by Landlord pursuant to Paragraph 23 below (excluding proceeds for Tenant's 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 Changes which Tenant is required to insure pursuant to Subparagraphs 14.1(c) and/or 22.1 (a22.1(a) hereof), Tenant fails to receive insurance proceeds covering the full replacement cost of such Tenant Changes which are damaged, Tenant shall be deemed to have self-insured the replacement cost of such 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, 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.

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) unless this Lease is terminated as permitted in this Section 18, deliver to Landlord (i) all insurance proceeds received by Tenant with respect to the Leasehold Improvements any Tenant Changes in the Premises but only to the extent should Tenant desire that Landlord restore such items are not covered by Tenant Changes as part of Landlord's casualty restoration of the Premises, and (ii) all insurance obtained by Landlord pursuant to Paragraph 23 below proceeds respecting Tenant's movable office furniture systems that were installed as part of the initial Tenant Improvements (the "TI Systems") (excluding proceeds for Tenant's furniture and other personal property), whether or not this Lease is terminated ) should Tenant desire that Landlord replace such TI Systems as permitted in this Paragraph 20, and Tenant hereby assigns to Landlord all rights to receive such insurance proceedspart of Landlord's restoration of the Premises. If, for any reason (including Tenant's failure to obtain insurance for the full replacement cost of any Tenant Changes and TI Systems which Tenant is required to insure pursuant to Subparagraphs 14.1(cSections 12.1(c) and/or 22.1 (a20.1(a) hereof), Tenant fails to receive insurance proceeds covering the full replacement cost of such Tenant Changes or TI Systems which are damaged, Tenant shall be deemed to have self-insured the replacement cost of such Tenant ChangesChanges or TI Systems, as applicable, 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. In the event this Lease is terminated in accordance with Section 18.1 above, but only Tenant shall be entitled to receive all insurance proceeds for any Tenant Changes in the extent that Landlord is required to or elects to reconstruct the same Premises, for Tenant's use TI Systems and for Tenant's furniture and other personal property, as provided well as a pro rata share of the casualty insurance proceeds received by Landlord and directly attributable to the Tenant Improvements (as defined in the Work Letter Agreement) based upon the Depreciated Value of Tenant's TI Expenditures (defined below). For purposes of this Section 18.2, the "Depreciated Value of Tenant's TI Expenditures" shall equal the costs of the initial Tenant Improvements (excluding the TI Systems, as Tenant is responsible for insuring the same under Section 20.1 below) that were paid for by Tenant (excluding costs reimbursed by Landlord pursuant to the Tenant Allowance, as defined in the Work Letter Agreement, or otherwise), depreciated on a straight line basis over the initial sixty-five (65) months of the Term of this Lease. For example, if Tenant expends $500,000.00 on the Tenant Improvements (excluding sums respecting the TI Systems) that is not otherwise reimbursed by Landlord, Landlord actually receives insurance proceeds in the amount of $500,000 that are directly attributable to the Tenant Improvements and the Lease is terminated at the end of the fifty-third (53) month of the Lease Term, thereby leaving one year left on the applicable depreciation period, the Depreciated Value of Tenant's TI Expenditures would equal approximately $92,307.60.

Tenant’s Costs and Insurance Proceeds. In the event of any damage or destruction of all or any part of the PremisesBuilding, Tenant shall immediately: promptly; (a) notify Landlord thereof; and (b) at Tenant’s option (except with respect to Refurbished Improvements paid for by Landlord pursuant to disbursement of the Refurbishment Allowance, as more particularly set forth below) either (i) deliver to Landlord all insurance proceeds received by Tenant with respect to the Leasehold Improvements Tenant Changes in the Premises but only to the extent that such items are not covered by Landlord's casualty insurance obtained by Landlord pursuant to Paragraph 23 below Building (excluding proceeds for Tenant's ’s furniture and other personal property), whether or not this Lease is terminated as permitted in this Paragraph 20, and which event Tenant hereby assigns shall assign to Landlord all rights to receive such insurance proceeds. If, for any reason or (including Tenant's failure ii) notify Landlord that Tenant will not require Landlord to obtain insurance for the full replacement cost of any restore Tenant Changes in the Building, in which event Tenant is required shall have no obligation to insure deliver insurance proceeds with respect to the Tenant Changes to Landlord and Landlord shall have no obligations to restore the Tenant Changes pursuant to Subparagraphs 14.1(c) and/or 22.1 (a) hereof)this Section 18. Notwithstanding anything to the contrary set forth herein, Tenant fails to receive insurance proceeds covering in the full replacement cost event of such Tenant Changes which are damaged, Tenant shall be deemed to have self-insured the replacement cost of such 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 resulting from Landlord's or Tenant's insurance casualty with respect to such items, but only the Refurbishment Improvements. Tenant shall be required to deliver to Landlord all insurance proceeds received by Tenant with respect to the extent that Refurbishment Improvements paid for by Landlord is required pursuant to or elects to reconstruct disbursement of the same for Tenant's use as provided in this LeaseRefurbishment Allowance.

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 Leasehold Tenant Improvements and Tenant Changes in the Premises but only to the extent that such items are not covered by Landlord's casualty insurance obtained by Landlord pursuant to Paragraph 23 Section 21 below (excluding proceeds for Tenant'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 failure to obtain insurance for the full replacement cost of any Tenant Changes which Tenant is required to insure pursuant to Subparagraphs 14.1(c) Sections 12.1 and/or 22.1 20.1 (a) hereof), Tenant fails to receive insurance proceeds covering the full replacement cost of such Tenant Changes which are damaged, Tenant shall be deemed to have self-insured the replacement cost of such 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, 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.

Tenant’s Costs and Insurance Proceeds. In the event of any damage or destruction of all or any part of the Premises, Tenant shall immediatelypromptly: (a) notify Landlord thereof; and (b) deliver to Landlord all insurance proceeds received by Tenant with respect to the Leasehold Improvements in the Premises but only to the extent that such items are not covered by Landlord's casualty ’s property insurance obtained by Landlord pursuant to Paragraph 23 below Section 9.1 above (excluding proceeds for Tenant's ’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 Changes which Tenant is required to insure pursuant to Subparagraphs 14.1(cSections 7.1(c) and/or 22.1 (a9.2(d) hereof), Tenant fails to receive insurance proceeds covering the full replacement cost of such Tenant Changes which are damaged, Tenant shall be deemed to have self-insured the replacement cost of such Tenant Changes, and upon . 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 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, but only to the extent that Landlord is required to or elects to reconstruct the same for Tenant's use as provided in this Leaseitems within thirty (30) days after receipt of written demand from Landlord.

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 Leasehold any Tenant Improvements in the Premises and any Alterations, but only to the extent that such items are not covered by Landlord's casualty insurance obtained by Landlord pursuant to Paragraph 23 below (excluding proceeds for Tenant's furniture furniture, fixtures, equipment and other personal property), whether or not this Lease is terminated as permitted in this Paragraph 2019, 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 Changes which Tenant is required to insure pursuant to Subparagraphs 14.1(c) and/or 22.1 (a) hereofImprovements and any Alterations from any and all casualties), Tenant fails to receive insurance proceeds covering the full replacement cost of such any Tenant Changes Improvements and any Alterations which are damaged, Tenant shall will be deemed to have self-insured the replacement cost of such Tenant Changesitems, and upon any damage or destruction thereto, Tenant shall immediately agrees to 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. Such payment shall be made by Tenant to Landlord within ten (10) days following the final payment of insurance proceeds; provided, but only however, that if insurance proceeds are unavailable for any reason, such payment shall be made within ten (10) days following Landlord's determination of unavailability and delivery of notice thereof to the extent that Landlord is required to or elects to reconstruct the same for Tenant's use as provided in this Lease.

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 Leasehold Tenant Improvements and Tenant Changes in the Premises but only to the extent that such items are not covered by Landlord's casualty insurance obtained by Landlord pursuant to Paragraph 23 Section 21 below (excluding proceeds for Tenant'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 failure to obtain insurance for the full replacement cost of any Tenant Changes which Tenant is required to insure pursuant to Subparagraphs 14.1(cSections 12.1(b) and/or 22.1 (a20.1(a) hereof), Tenant fails to receive insurance proceeds covering the full replacement cost of such Tenant Changes which are damaged, Tenant shall be deemed to have self-insured the replacement cost of such 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, 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.

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) if Landlord elects or is required to repair the Premises pursuant to Section 17.1, deliver to Landlord all insurance proceeds received by Tenant with respect to the Leasehold Tenant Improvements in the Premises but only and Alterations (to the extent that such items are not covered by Landlord's ’s casualty insurance obtained by Landlord insurance) and with respect to Alterations in the Premises that Tenant is required to insure pursuant to Paragraph 23 below (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 Paragraph 20, and Tenant hereby assigns to Landlord La ndlord 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 Changes Alterations which Tenant is required to insure pursuant to Subparagraphs 14.1(c) and/or 22.1 (a) Section 13.1 hereof), Tenant fails to receive insurance proceeds covering the full replacement cost of such Tenant Changes Alterations which are damaged, Tenant shall be deemed to have self-insured the replacement cost of such Tenant ChangesAlterations, and upon any damage or destruction thereto, if Landlord elects or is required to repair the Premises pursuant to Section 17.1, 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, 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.

Tenant’s Costs and Insurance Proceeds. In the event of any damage or destruction of all or any part of the Premises, Tenant shall immediatelypromptly: (a) notify Landlord thereof; and (b) deliver to Landlord all insurance proceeds received by Tenant with respect to the Leasehold Tenant Improvements in the Premises but only and Alterations (to the extent that such items are not covered by Landlord's ’s casualty insurance obtained by Landlord pursuant to Paragraph 23 below (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 ’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 Tenant Changes Alterations which Tenant is required to insure pursuant to Subparagraphs 14.1(c) and/or 22.1 (a) Section 13.1 hereof), Tenant fails to receive insurance proceeds covering the full replacement cost of such Tenant Changes Alterations which are damaged, Tenant shall be deemed to have self-insured the replacement cost of such Tenant ChangesAlterations, 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, 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.