Lessee's Property and Business Interruption Insurance. All insurance proceeds payable by reason of any loss of or damage to any of Lessee's Personal Property and the business interruption insurance maintained for the benefit of Lessee shall be paid to Lessee; provided, however, no such payments shall diminish or reduce the insurance payments otherwise payable to or for the benefit of Lessor hereunder.
Appears in 18 contracts
Samples: Purchase and Sale Agreement (Prime Hospitality Corp), Lease Agreement (Hersha Hospitality Trust), Stock Purchase Agreement (Keystone Inc Et Al)
Lessee's Property and Business Interruption Insurance. All ----------------------------------------------------- insurance proceeds payable by reason of any loss of or damage to any of Lessee's Personal Property and the business interruption insurance maintained for the benefit of Lessee shall be paid to Lessee; provided, however, no such payments shall diminish or reduce the insurance payments otherwise payable to or for the benefit of Lessor hereunder.
Appears in 3 contracts
Samples: Lease Agreement (Boston Properties Inc), Lease Agreement (American General Hospitality Corp), Lease Agreement (Boston Properties Inc)
Lessee's Property and Business Interruption Insurance. All insurance proceeds payable by reason of any loss of or damage to any of Lessee's ’s Personal Property and the business interruption insurance maintained for the benefit of Lessee shall be paid to Lessee; provided, however, no such payments shall diminish or reduce the insurance payments otherwise payable to or for the benefit of Lessor hereunder.
Appears in 1 contract
Samples: Lease Agreement (Behringer Harvard Opportunity REIT I, Inc.)
