Common use of Personal Property Insurance Clause in Contracts

Personal Property Insurance. Personal Property Insurance covering leasehold improvements paid for by Tenant and Tenant's personal property and fixtures from time to time in, on, or at the Premises, in an amount not less than 100% of the full replacement cost, without deduction for depreciation, providing protection against events protected under "All Risk Coverage," as well as against sprinkler damage, vandalism, and malicious mischief. Any proceeds from the Personal Property Insurance will be used for the repair or replacement of the property damaged or destroyed, unless the Lease Term is terminated under an applicable provision herein. If the Premises are not repaired or restored in accordance with this Lease, Landlord will receive any proceeds from the personal property insurance allocable to Tenant's leasehold improvements.

Appears in 4 contracts

Samples: Lease (Information Architects Corp), Lease Agreement, Triple Net Lease Agreement

AutoNDA by SimpleDocs

Personal Property Insurance. Personal Property Insurance property insurance covering leasehold improvements paid for by Tenant and Tenant's ’s personal property and fixtures from time to time-to-time in, on, or at the Premises, in an amount not less than 100% of the full replacement cost, without deduction for depreciation, providing protection against events protected under "All Risk Coverage," as well as against sprinkler damage, vandalism, and malicious mischief. Any proceeds from the Personal Property Insurance personal property insurance will be used for the repair or replacement of the property damaged or destroyed, unless the Lease Term is terminated under an applicable provision herein. If the Premises are not repaired or restored in accordance with this Lease, Landlord will receive any proceeds from the personal property insurance allocable to Tenant's ’s leasehold improvements.

Appears in 2 contracts

Samples: Industrial Lease (ProFrac Holding Corp.), Purchase and Sale Agreement (ProFrac Holding Corp.)

AutoNDA by SimpleDocs

Personal Property Insurance. Personal Property Insurance property insurance covering leasehold improvements paid for by Tenant and Tenant's Xxxxxx’s personal property and fixtures from time to time-to-time in, on, or at the Premises, in an amount not less than 100% of the full replacement cost, without deduction for depreciation, providing protection against events protected under "All Risk Coverage," as well as against sprinkler damage, vandalism, and malicious mischief. Any proceeds from the Personal Property Insurance personal property insurance will be used for the repair or replacement of the property damaged or destroyed, unless the Lease Term is terminated under an applicable provision herein. If the Premises are not repaired or restored in accordance with this Lease, Landlord will receive any proceeds from the personal property insurance allocable to Tenant's ’s leasehold improvements.

Appears in 1 contract

Samples: Industrial Lease (ProFrac Holding Corp.)

Time is Money Join Law Insider Premium to draft better contracts faster.