Common use of Tenant's Improvements Clause in Contracts

Tenant's Improvements. The liability of the Insurer shall be determined as follows: i) if repaired or replaced with due diligence and dispatch, the amount actually and necessarily expended but in no event exceeding the actual cash value of the tenant’s improvements immediately prior to the time of destruction of damage; ii) if not repaired or replaced with due diligence and dispatch after such loss, that portion of the original cost of the damaged or destroyed tenant’s improvements which the unexpired term of the lease at the time of loss bears to the period(s) from the date(s) such tenant’s improvements were made to the expiration date of the lease.

Appears in 5 contracts

Samples: Indemnity Agreement, Commercial Property Insurance Agreement, Indemnity Agreement

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Tenant's Improvements. The liability of the Insurer shall be determined deter- mined as follows: (i) if repaired or replaced with due diligence and dispatch, the amount actually and necessarily expended expended, but in no event exceeding the actual cash value of the tenant’s improvements immediately prior to the time of destruction of or damage;, (ii) if not repaired or replaced with due diligence and dispatch after such loss, that portion of the original cost of the damaged or destroyed tenant’s improvements which the unexpired term of the lease at the time of the loss bears to the period(s) from the date(s) such tenant’s improvements were made to the expiration ex- piration date of the lease.

Appears in 1 contract

Samples: Insurance Agreement

Tenant's Improvements. The liability of the Insurer shall be determined as follows: (i) if repaired or replaced with due diligence and dispatch, the amount actually and necessarily expended but in no event exceeding the actual cash value of the tenant’s improvements immediately prior to the time of destruction of or damage; (ii) if not repaired or replaced with due diligence and dispatch after such loss, that portion of the original cost of the damaged damage or destroyed tenant’s 's improvements which the unexpired term of the lease at the time of loss bears to the period(s) from the date(s) such tenant’s 's improvements were made to the expiration date of the lease.

Appears in 1 contract

Samples: Commercial Property Insurance Agreement

Tenant's Improvements. The liability of the Insurer shall be determined as follows: (i) if repaired or replaced with due diligence and dispatch, the amount actually and necessarily expended but in no event exceeding the actual cash value of the tenant’s improvements immediately prior to the time of destruction of or damage; (ii) if not repaired or replaced with due diligence and dispatch after such loss, that portion of the original cost of the damaged or destroyed tenant’s improvements which the unexpired term of the lease at the time of loss bears to the period(s) from the date(s) such tenant’s improvements were made to the expiration date of the lease.

Appears in 1 contract

Samples: Indemnity Agreement

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Tenant's Improvements. The liability of the Insurer shall be determined as follows: (i) if repaired or replaced with due diligence and dispatch, the amount actually and necessarily expended but in no event exceeding the actual cash value of the tenant’s 's improvements immediately prior to the time of destruction of or damage; (ii) if not repaired or replaced with due diligence and dispatch after such loss, that portion of the original cost of the damaged damage or destroyed tenant’s 's improvements which the unexpired term of the lease at the time of loss bears to the period(s) from the date(s) such tenant’s 's improvements were made to the expiration date of the lease.

Appears in 1 contract

Samples: Commercial Property Insurance Agreement

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