Insured Loss Clause Samples

Insured Loss. Subject to the provisions of paragraphs 9.4 and 9.5, if at any time during the term of this Lease there is damage which is an Insured Loss and which falls into the classification of either Premises Partial Damage or Premises Building Partial Damage, then Lessor shall, at Lessor's expense, repair such damage to the Premises, but not Lessee's fixtures, equipment or tenant improvements, as soon as reasonably possible and this Lease shall continue in full force and effect.

Insured Loss. Subject to Section 18.2 below, if the Leased Premises are damaged by perils covered by Landlord's insurance coverage and the proceeds therefrom are sufficient to cover the cost of repairs and are made available to Landlord for the purpose of repairing such damage, Landlord agrees to forthwith repair the same, and this Lease shall remain in full force and effect, except that Tenant shall be entitled to a proportionate reduction of the Base Rent and Other Charges from the date of damage and while such repairs are in progress, provided said damage did not result from or was contributed to, directly or indirectly, by the act, fault or neglect of Tenant. Such proportionate reduction shall be based upon the extent to which the damage and making of such repairs materially interfere, if at all, with the business carried on by Tenant in the Leased Premises. If such damage resulted from or was contributed to, directly or indirectly, by the act, fault or neglect of Tenant, the Base Rent and Other Charges shall ▇▇▇▇▇ only to the extent Landlord receives proceeds from Landlord's rental income insurance policy to compensate Landlord for the loss of such rent and income.

Insured Loss. The owner shall have sole power and authority to adjust and settle a loss with insurers. A loss insured under the Builder's Risk Insurance or Builder's Risk Installation Floater shall be adjusted by the Owner and any payments or settlements shall be made payable to the Owner for the insureds, as their interests may appear. The Owner shall be entitled to full payment of its loss from the insurance proceeds before payment of the remainder to any other beneficiaries of the policy. The Contractor shall pay Subcontractors their just share of remaining insurance proceeds received by the Contractor, and by appropriate agreements, written where legally required for validity, shall require Subcontractors make payments to the Sub-subcontractors in similar manner.

Insured Loss. Subject to the provisions of paragraphs 9.4 and 9.

Insured Loss. Subject to the provisions of Sections 13.4 and 13.5, if at any time during the Term there is damage which is an Insured Loss and which falls into the classification of Partial Damage, then Landlord shall, at Landlord’s expense, repair such damage to the Premises, but not Tenant’s fixtures or equipment, as soon as reasonably possible and this Lease shall continue in full force and effect. In no event, however, shall Landlord be obligated to spend for such repairs more than the amount of available insurance proceeds, plus the amount of any deductible elected by Landlord.

Insured Loss. If at any time during the term of this Lease there is damage which is an Insured Loss and which falls into the classification of Premises Partial Damage, then Lessor shall, at Lessor's expense, repair such damage to the Premises, but not Lessee's fixtures, equipment, tenant improvements, alterations, improvements, Alterations or Installations, as soon as reasonably possible and this Lease shall continue in full force and effect.

Insured Loss. In the event the Premises or the Project of which the Premises are a part are damaged by fire or other perils covered by extended coverage insurance, and the estimated cost of repairs is not in excess of available insurance proceeds, then Landlord shall forthwith repair the same and this Lease shall remain in full force and effect.

Insured Loss. Subject to the provisions of paragraphs 9.4 and 9.5, if at any time during the term of this Lease there is an Insured Loss and that falls into the classification of either Premises Damage or Premises Building Partial Damage and that does not fall into the classification of Premises Building Total Destruction or Office Building Project Total Destruction, then Landlord shall, as soon as reasonably possible and to the extent the required materials and labor are readily available through usual commercial channels, at Landlord's expense, repair such damage (but not Tenant's fixtures, equipment or tenant improvements originally paid for by Tenant) to its condition existing at the time of the damage, and this Lease shall continue in full force and effect.

Insured Loss. If at any time during the Term of this Agreementthere is damage to the PREMISES which is an Insured Loss and which falls into the classification of Premises Partial Damage, then LESSOR shall, at LESSOR’S expense, repair such damage to the PREMISES, but not LESSEE’S fixtures, equipment or Improvements, as soon as reasonably possible and this Agreement shall continue in full force and effect. In the foregoing event, LESSEE shall be entitled to a proportionate reduction in the rent and pro rata share, based upon the extent to which ▇▇▇▇▇▇’s use of the PREMISES is affected by the restoration efforts. Where the repairs cannot reasonably be completed within one hundred twenty (120) days of the date of the damage or where the repairs needed are so extensive that LESSEE will be denied use of the PREMISES during the repair period, LESSOR may elect to terminate this Agreement by notifying LESSEE in writing of such termination within thirty (30) days of the occurrence of the damage to the PREMISES; provided, however, that LESSOR will use best efforts to keep the Agreement in force where LESSEE can demonstrate to LESSOR’s satisfaction its ability to operate safely on the damages PREMISES or as the PREMISES are being repaired by LESSOR. In the event of termination, LESSOR shall provide LESSEE with alternative housing as soon thereafter as reasonably possible, for the balance of the school year, at another school site or other LESSOR- owned property that best meets LESSEE’s needs and the requirements of Education Code Section 47614, considering the availability of alternative properties at the time the loss arises. LESSOR shall use best efforts to provide alternative housing for LESSEE’s entire student population if possible. In no event shall LESSOR be required to provide LESSEE with facilities that are not owned by the LESSOR or to compensate LESSEE for funds expended by LESSEE seeking private, alternative housing.