Common use of Control of Proceeds Clause in Contracts

Control of Proceeds. Any insurance which may be carried by Landlord or Tenant against loss or damage to the Building or to the Premises will be for the sole benefit of the party carrying such insurance and under such party's sole control.

Appears in 3 contracts

Samples: Office Lease Agreement (Jamba, Inc.), Office Lease Agreement (Nexplore Corp), Office Lease (Royal Financial Corp)

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Control of Proceeds. Any insurance which may be carried by Landlord or Tenant against loss or damage to the Building or to the Premises will be for the sole benefit of the party carrying such insurance and under such party's ’s sole control.

Appears in 2 contracts

Samples: Office Building Lease (Heartland Payment Systems Inc), Office Building Lease (Avatar Systems Inc)

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