Excess Insurance Proceeds. Any insurance proceeds remaining after the completion of and payment for any such reconstruction or repairs shall be deposited with GBRA and restricted for use only on Budgeted CRR Costs and Non-Budgeted CRR Costs not to exceed $100,000. Subject to applicable limitations in the policy documents, any excess shall be deposited into the CRR Fund.
Excess Insurance Proceeds. If, after Insurance Proceeds have been applied to the repair or restoration of a Project as provided in Sections 7.5.4, 7.5.5 or 7.5.6, the Banks in consultation with the Independent Consultants determine that such Project will be able to operate at a level enabling Borrower to satisfy its obligations hereunder as well as before the damage or destruction, any excess Insurance Proceeds shall be paid into the Revenue Account. In the event that the Banks in consultation with the Independent Engineer determine otherwise, such excess Insurance Proceeds shall be applied (a) to the prepayment of Loans and Reimbursement Obligations, pro rata, and (b) to the payment of all other Obligations of Borrower.
Excess Insurance Proceeds. In the event there remain any insurance proceeds in excess of the cost of the restoration of any part of the Property pursuant to Section 9.1 hereof, and/or to raze such part of the Facilities and restore the underlying land pursuant to Section 9.2 hereof, AccessCal shall retain and be entitled to retain such excess insurance proceeds.
Excess Insurance Proceeds a. If there are proceeds of insurance in excess of that required to perform the obligations required under Section 24 of this Lease, upon receipt by Lessor of satisfactory evidence that the work of Building Maintenance, Preservation Maintenance, or Alterations and construction required under Section 24 of this Lease has been fully completed and paid for in accordance with the terms and conditions of this Lease and that the last day for filing any mechanics’ or materialmens’ liens has passed without the filing of any, or if filed, any such lien has been released, any remaining amount of such proceeds of insurance will be paid to Lessee.
Excess Insurance Proceeds. Any excess of money received from insurance remaining with the Depository after the repair or rebuilding of improvements, if there is no default by Tenant in the performance of the Tenant's covenants and agreements hereunder, shall be paid to Tenant; otherwise said moneys shall be paid to Landlord. If this Lease shall be terminated pursuant to Section 15.05, all insurance proceeds shall be paid to by Landlord.
Excess Insurance Proceeds. Landlord shall pay to Tenant promptly after ------------------------- completing repair and restoration of any insured casualty thirty percent (30%) of any amount by which any proceeds received by Landlord with respect to the Land and/or Building from casualty insurance required to be carried by Landlord pursuant to paragraph 1 of this Article XVI exceed the cost of repair and restoration of such casualty.
Excess Insurance Proceeds. It is understood and agreed that after the work of any such repairs, restoration, or rebuilding by Lessee shall have been completed and paid for, any excess of insur- ance money then remaining on deposit with Lessor shall belong to Lessee and in that event, Lessor shall pay to Lessee the balance of said insurance money upon its written request. The provisions of this paragraph as well as those of paragraphs numbered
Excess Insurance Proceeds. Lessee shall be entitled to any insurance proceeds that exceed the cost of repair or restoration of the Premises. 14
Excess Insurance Proceeds. Upon completion ofthe repair and restoration ofany damage to the Property, any remaining insurance proceeds paid by reason ofsuch damage shall be refunded to each Owner in proportion to the ratio that the insurance proceeds contributed by such Owner or by such Owner's insurance company bears to the total insurance proceeds made available by all Owners and such Owners' insurance companies for the repair and restoration or, if the insurance is provided by a single policy covering the Property, then the ratio ofinsurance proceeds attributed to such Owner's portion ofthe Property by the insurer or the Owners to the total insurance proceeds made available by the insurer or the for the repair and restoration. The rights of the Owners to payment of excess insurance proceeds, if any, shall be subject to the provisions of Section 20.12. For purposes ofthis Section 9.7, insurance proceeds include deductible amounts and amounts contributed by the Village of Arlington Heights, in the event it elects to self-insure.
Excess Insurance Proceeds a. If there are proceeds of insurance in excess of that required to perform the obligations required under Article 24 of this Lease, upon receipt by Landlord of satisfactory evidence that the work of Building Maintenance, Preservation Maintenance, or Alterations and construction required under Article 24 of this Lease has been fully completed and paid for in accordance with the terms and conditions of this Lease and that the last day for filing any mechanics’ or materialmens’ liens has passed without the filing of any, or if filed, any such lien has been released, any remaining amount of such proceeds of insurance shall be paid first to Tenant to discharge the outstanding balance of any Leasehold Mortgage, then to Tenant.
