Common use of Partial Damage - Insured Clause in Contracts

Partial Damage - Insured. Subject to the provisions of Sections 8.3 and 8.4, if the Premises are damaged and such damage was caused by a casualty covered under an insurance policy required to be maintained pursuant to Section 7.3, Lessor shall apply any insurance proceeds received to repair such damage, but not Lessee’s fixtures, equipment or tenant improvements, unless the same have become a part of the Premises pursuant to Section 6.5 hereof, as soon as reasonably possible, and this Lease shall continue in full force and effect. Notwithstanding the above, if Lessee is the insuring party, and if the insurance proceeds received by Lessor are not sufficient to effect such repair, Lessor shall give notice to Lessee of the amount required in addition to the insurance proceeds to effect such repair. Lessee shall contribute the required amount to Lessor within ten (10) days after Lessee has received notice from Lessor of the shortage in the insurance. When Lessee shall consider such amount to Lessor, Lessor shall make such repairs as soon as reasonably possible, and this Lease shall continue in full force and effect. Lessee shall in no event have any right to reimbursement for any such amount so contributed.

Appears in 5 contracts

Samples: Lease Agreement (Constar Inc), Lease Agreement (Constar International Inc), Lease Agreement (Constar International Inc)

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Partial Damage - Insured. Subject to the provisions of Sections 8.3 and 8.4, if the Premises are damaged and such damage was caused by a casualty covered under an insurance policy required to be maintained pursuant to Section 7.3, Lessor shall apply any insurance proceeds received to repair such damage, but not Lessee’s fixtures, equipment or tenant improvements, unless the same have become a part of the Premises pursuant to Section 6.5 hereof, as soon as reasonably possible, and this Lease shall continue in full force and effect. Notwithstanding the above, if Lessee is the insuring party, and if the insurance proceeds received by Lessor are not sufficient to effect such repair, Lessor shall give notice to Lessee of the amount required in addition to the insurance proceeds to effect such repair. Lessee shall contribute the required amount to Lessor within ten (10) days after Lessee has received notice from Lessor of the shortage in the insurance. When Lessee shall consider contribute such amount to Lessor, Lessor shall make such repairs as soon as reasonably possible, and this Lease shall continue in full force and effect. Lessee shall in no event have any right to reimbursement for any such amount so contributed.

Appears in 4 contracts

Samples: Lease Agreement (Constar International Inc), Lease Agreement (Constar International Inc), Lease Agreement (Constar International Inc)

Partial Damage - Insured. Subject to the provisions of Sections 8.3 Paragraph 9.3 and 8.49.4, if the Premises are damaged and such damage was caused by a casualty covered under an insurance policy required to be maintained pursuant to Section 7.3Paragraph 8.3, Lessor shall apply any insurance proceeds received to at Lessor's expense repair such damage, damage but not Lessee’s 's fixtures, equipment or tenant improvements, improvements unless the same have become a part of the Premises pursuant to Section 6.5 Paragraph XXXXX hereof, as soon as reasonably possible, possible and this Lease shall continue in full force and effect. Notwithstanding the above, if the Lessee is the insuring party, and if the insurance proceeds received by Lessor are not sufficient to effect such repair, Lessor shall give notice to Lessee of the amount required in addition to the insurance proceeds to effect such repair. Lessee shall contribute the required amount to Lessor within ten (10) days after Lessee has received notice from Lessor of the shortage in the insurance. When Lessee shall consider contribute such amount to Lessor, Lessor shall make such repairs as soon as reasonably possible, possible and this Lease Lessee shall continue in full force and effect. Lessee shall in no event have any right to reimbursement for any such amount so contributed.

Appears in 1 contract

Samples: Industrial Lease (Conceptus Inc)

Partial Damage - Insured. Subject to the provisions of Sections 8.3 Paragraphs 9.3. and 8.49.4, if the Premises are damaged and such damage was caused by a casualty covered under an insurance policy required to be maintained pursuant to Section 7.3Paragraph 8.3, Lessor shall apply any insurance proceeds received to at Lessor's expense repair such damage, damage but not Lessee’s 's fixtures, equipment or tenant improvements, improvements unless the same have become a part of the Premises pursuant to Section 6.5 hereof, Paragraph 7.5 hereof as soon as reasonably possible, possible and this Lease shall continue in full force and effect. Notwithstanding the above, if the Lessee is the insuring party, and if the insurance proceeds received by Lessor are not sufficient to effect such repair, Lessor shall give notice to Lessee of the amount required in addition to the insurance proceeds to effect such repair. Lessee shall contribute the required amount to Lessor within ten (10) days after Lessee has received notice from Lessor of the shortage in the insurance. When Lessee shall consider contribute such amount to Lessor, Lessor shall make such repairs as soon as reasonably possible, possible and this Lease shall continue in full force and effect. Lessee shall in no event have any right to reimbursement for any such amount so contributed.

Appears in 1 contract

Samples: Assignment of Lease (Viador Inc)

Partial Damage - Insured. Subject to the provisions of Sections 8.3 and 8.4, if the Premises are damaged and such damage was caused by a casualty covered under an insurance policy required to be maintained pursuant to Section 7.3, Lessor shall apply any insurance proceeds received to repair such damage, but not Lessee’s 's fixtures, equipment or tenant improvements, unless the same have become a part of the Premises pursuant to Section 6.5 hereof, as soon as reasonably possible, and this Lease shall continue in full force and effect. Notwithstanding the above, if Lessee is the insuring party, and if the insurance proceeds received by Lessor are not sufficient to effect such repair, Lessor shall give notice to Lessee of the amount required in addition to the insurance proceeds to effect such repair. Lessee shall contribute the required amount to Lessor within ten fifteen (1015) days after Lessee has received notice from Lessor of the shortage in the insurance. When Lessee shall consider contribute such amount to Lessor, Lessor shall make such repairs as soon as reasonably possible, and this Lease shall continue in full force and effect. Lessee shall in no event have any right to reimbursement for any such amount so contributed.

Appears in 1 contract

Samples: Celldex Therapeutics Inc

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Partial Damage - Insured. Subject to the provisions of Sections 8.3 Paragraphs 9.3 and 8.49.4, if the Premises are damaged and such damage was caused by a casualty covered under an insurance policy required to be maintained pursuant to Section 7.3Paragraph 8.3, Lessor shall apply any insurance proceeds received to at Lessor's expense repair such damage, damage but not Lessee’s 's fixtures, equipment or tenant improvements, improvements unless the same have become a part of the Premises pursuant to Section 6.5 hereof, Paragraph 7.5 hereof as soon as reasonably possible, possible and this Lease shall continue in full force and effect. Notwithstanding the above, if the Lessee is the insuring party, and if the insurance proceeds received by Lessor are not sufficient to effect such repair, Lessor shall give notice to Lessee of the amount required in addition to the insurance proceeds to effect such repair. Lessee shall contribute the required amount to Lessor within ten (10) days after Lessee has received notice from Lessor of the shortage in the insurance. When Lessee shall consider contribute such amount to Lessor, Lessor shall make such repairs as soon as reasonably possible, possible and this Lease shall continue in full force and effect. Lessee shall in no event have any right to reimbursement for any such amount so contributed.

Appears in 1 contract

Samples: Alpha Technologies Group Inc

Partial Damage - Insured. Subject to the provisions of Sections 8.3 Paragraph, 9.3 and 8.49.4, if the Premises are damaged and such damage was caused by a casualty covered under an insurance policy required to be maintained pursuant to Section 7.3, Paragraph 8.3. Lessor shall apply any insurance proceeds received to at Lessor’s expense repair such damage, damage but not Lessee’s fixtures, equipment or tenant improvements, improvements unless the same have become a part of the Premises pursuant to Section 6.5 hereof, Paragraph .5 hereof as soon as reasonably possible, possible and this Lease shall continue in full force and effect. Notwithstanding the above, if the Lessee is the insuring party, and if the insurance proceeds received by Lessor are not sufficient to effect such repair, Lessor shall give notice to Lessee of the amount required in addition to the insurance proceeds to effect such repair. Lessee shall contribute the required amount to Lessor within ten (10) days after Lessee has received notice from Lessor of the shortage in the insurance. When Lessee shall consider contribute such amount to Lessor, Lessor shall make such repairs as soon as reasonably possible, possible and this Lease shall continue in full force and effectaffect. Lessee shall in no event have any right to reimbursement for any such amount so contributed.

Appears in 1 contract

Samples: Strasbaugh

Partial Damage - Insured. Subject to the provisions of Sections 8.3 Paragraphs 9.3 and 8.4, 9.4. if the Premises are damaged and such damage was caused by a casualty covered under an insurance policy required to be maintained pursuant to Section 7.3, Paragraph 8.3. Lessor shall apply any insurance proceeds received to at Lessor’s expense repair such damage, damage but not Lessee’s fixtures, equipment or tenant improvements, improvements unless the same have become a part of the Premises pursuant to Section 6.5 hereof, Paragraph 7.5 hereof as soon as reasonably possible, possible and this Lease shall continue in full force and effect. Notwithstanding the above, if the Lessee is the insuring party, and if the insurance proceeds received by Lessor are not sufficient to effect such repair, Lessor shall give notice to Lessee of the amount required in addition to the insurance proceeds to effect such repair. Lessee shall contribute the required amount to Lessor within ten (10) days after Lessee has received notice from Lessor of the shortage in the insurance. When Lessee shall consider contribute such amount to Lessor, Lessor shall make such repairs as soon as reasonably possible, possible and this Lease shall continue in full force and effect. Lessee shall in no event have any right to reimbursement for any such amount so contributed[ILLEGIBLE].

Appears in 1 contract

Samples: Industrial Lease (Harvard Bioscience Inc)

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