Common use of Casualty; Condemnation and Application of Proceeds Clause in Contracts

Casualty; Condemnation and Application of Proceeds. (a) If any Property shall be damaged or destroyed, in whole or in part, by fire or other casualty, Borrower shall give prompt written notice of such damage to Lender and shall, or shall cause the relevant Property Owner to, promptly commence and diligently prosecute, commence and diligently prosecute, the completion of the repair, replacement, rebuilding and restoration of such Property as nearly as possible to the condition such Property was in immediately prior to such fire or other casualty, with such alterations as may be approved by Lender (the “Restoration”) and otherwise in accordance with this Section. Borrower shall, or shall cause the relevant Property Owner to, pay all costs of such Restoration whether or not such costs are covered by insurance. Lender may, but shall not be obligated to make proof of loss if not made promptly by Borrower or the relevant Property Owner.

Casualty; Condemnation and Application of Proceeds. (a) If any Expanded Property shall be damaged or destroyed, in whole or in part, by fire or other casualty, Borrower shall give prompt written notice of such damage to Lender and shall, or shall cause the relevant Expanded Property Owner to, promptly commence and diligently prosecute, commence and diligently prosecute, the completion of the repair, replacement, rebuilding and restoration of such Expanded Property as nearly as possible to the condition such Expanded Property was in immediately prior to such fire or other casualty, with such alterations as may be approved by Lender (the “"Restoration”") and otherwise in accordance with this Section. Borrower shall, or shall cause the relevant Expanded Property Owner to, pay all costs of such Restoration whether or not such costs are covered by insurance. Lender may, but shall not be obligated to make proof of loss if not made promptly by Borrower or the relevant Expanded Property Owner.

Casualty; Condemnation and Application of Proceeds. (a) If any the Property shall be damaged or destroyed, in whole or in part, by fire or other casualty, Borrower shall give prompt written notice of such damage to Lender and shall, or shall cause the relevant Property Owner to, promptly commence and diligently prosecute, commence and diligently prosecute, the completion of the repair, replacement, rebuilding and restoration of such the Property as nearly as possible to the condition such the Property was in immediately prior to such fire or other casualty, with such alterations as may be approved by Lender (the “Restoration”) and otherwise in accordance with this Section. Borrower shall, or shall cause the relevant Property Owner to, pay all costs of such Restoration whether or not such costs are covered by insurance. Lender may, but shall not be obligated to make proof of loss if not made promptly by Borrower or the relevant Property Owner.