Common use of Costs of Repair Clause in Contracts

Costs of Repair. If Tenant elects to restore the Facility as provided in Section 15.2.1 or Section 15.2.2 above and the cost of the repair or restoration exceeds the amount of proceeds received by Landlord or Tenant from the insurance required under Article XIV, Tenant shall pay for such excess cost of repair or restoration. If Landlord elects to restore the Facility as provided in Section 15.2.1 or Section 15.2.2 above and the cost of the repair or restoration exceeds the amount or proceeds received by Landlord as provided in those sections, Landlord shall pay for such excess cost of repair or restoration.

Costs of Repair. If Tenant elects to restore restores the Facility as provided in Section 15.2.1 or Section 15.2.2 Sections 14.2.1 and 14.2.2 above and the cost of the repair or restoration exceeds the amount of proceeds received by Landlord or Tenant from the insurance required under Article XIV13, Tenant shall pay for such excess cost of repair or restoration. If Landlord elects to restore restores the Facility as provided in Section 15.2.1 or Section 15.2.2 Sections 14.2.1 and 14.2.2 above and the cost of the repair or restoration exceeds the amount or of proceeds received by Landlord as provided in those sections, Landlord shall pay for such excess cost of repair or restoration.