Common use of Use of Insurance Proceeds Clause in Contracts

Use of Insurance Proceeds. Any insurance proceeds recovered by reason of damage to or destruction of improvements on the Premises shall be made available to Tenant and must be used to repair, restore or replace the improvements so damaged or destroyed with any excess proceeds made available to Tenant.

Use of Insurance Proceeds. Any insurance proceeds recovered by reason of damage to or destruction of improvements on the Premises or improvements thereto, improvements shall be made available to Tenant and must be used to repair, restore or replace the Premises and improvements so damaged or destroyed with any excess proceeds made available to Tenant.