Insured Damage definition

Insured Damage means that part of any damage occurring to the Development, including the Premises, of which the entire cost of repair (except as to any deductible amount provided for in the applicable policy or policies of insurance) is actually recovered by the Landlord under a policy or policies of insurance from time to time effected by the Landlord pursuant hereto.

Insured Damage means damage to the Property by any of the Insured Risks but excluding any Uninsured Damage and any damage in relation to which the Landlord's insurance is made less effective by the Tenant (unless the Tenant promptly pays to the Landlord the amount of insurance monies so made irrecoverable);

Insured Damage means that part of any damage occurring to the Leased Premises of which the entire cost of repair is actually recovered by the Landlord under a policy of insurance in respect of fire and other perils from time to time effected by the Landlord, or for which the Landlord has self-insured under Section 9.1 herein.

Examples of Insured Damage in a sentence

• The Tenant will keep the Premises, its Leasehold Improvements, its trade fixtures, and any plate or other glass in the Premises or in the exterior walls of the Premises in a good and reasonable state of repair and maintenance, consistent with the standards for comparable offices in the vicinity, except for the structural elements of the Premises and Insured Damage, and except if this Lease is terminated under section 7.8. Section 7.4 will apply to Tenant repairs.

• This Policy insures the amount The Insured is legally liable to pay under contracts for purchases unavoidably not used as a result of the Insured Damage during the Indemnity Period as a result of the Insured Damage, less any sums received or receivable by The Insured in respect of such purchases through any salvage handling operations or resale.

• The amount payable as indemnity under this item shall be the actual amount which The Insured shall pay as Wages for such period to employees whose services cannot, in consequence of Insured Damage, be utilised by The Insured at all and an equitable part of the Wages paid for such period to employees whose services cannot, in consequence of Insured Damage, be utilised by The Insured to the full.

• If the Business is conducted in departments or other units, the independent trading results of which are ascertainable, the provisions of clauses (a) and (b) of the Gross Profit item (and any separate items on Gross Rentals, Wages or Payroll) will apply separately to each department or other unit affected by Insured Damage.

• The Tenant shall also repair damage to the Development caused by the Tenant and which is not Insured Damage.

More Definitions of Insured Damage

Insured Damage means that part of any damage occurring to the Leased Premises of which the entire cost of repair (or the entire cost of repair other than a deductible amount collectable by the Landlord as part of the Operating Costs) is actually recoverable by the Landlord under a policy of insurance in respect of fire and other perils from time to time effected by the Landlord. Where an applicable policy of insurance contains an exclusion for damages recoverable from a third party, claims as to which the exclusion applies shall be considered to constitute Insured Damage only if the Landlord successfully recovers from the third party.

Insured Damage. (as herein defined). The Landlord shall in no event be required to make repairs to Leasehold Improvements made by the Tenant, or by the Landlord on behalf of the Tenant or another tenant or to make repairs to wear and tear within the Leased Premises.

Insured Damage means sudden and unforeseen physical loss and/or physical damage to an Insured Item necessitating repair to allow continuation of use.

Insured Damage means accidental Damage to Property occurring during the Period of Insurance provided that:

Insured Damage means sudden and unforeseen Loss and/or Damage to an Insured Item necessitating repair or replacement to allow continuation of its use.

Insured Damage means damage to property provided that:

Insured Damage means that part of any damage occurring to any portion of the Leased Premises for which the Landlord is responsible of which the entire cost of repair is actually recoverable by the Landlord under a policy of insurance in respect of fire and other perils from time to time effected by the Landlord or, if and to the extent that the Landlord has not insured and is deemed to be a co-insurer or self-insurer pursuant to Article 13.1, would have been recoverable had the Landlord effected insurance in respect of perils and to amounts and on terms for which it is deemed to be insured;