RETENTION OF INSURANCE PROCEEDS Sample Clauses

RETENTION OF INSURANCE PROCEEDS. On the termination of this Lease under paragraph 7 (Options to determine), or if this Lease is terminated by the operation of the doctrine of frustration, the Landlord is to be entitled to retain the proceeds of insurance for its exclusive benefit.
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RETENTION OF INSURANCE PROCEEDS. On the termination of this Lease under paragraph 7, or if this Lease is terminated by the operation of the doctrine of frustration, the Landlord shall be entitled to retain the proceeds of insurance for its exclusive benefit. GUARANTEE PROVISIONS
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RETENTION OF INSURANCE PROCEEDS. On the termination of this Lease Agreement under Clause 9.5 above, the Landlord may retain for its exclusive benefit the proceeds of the insurance (whether such insurance is provided for in Schedule “B-1” or Schedule “B-2” but excluding insurance proceeds from insurance purchased directly by the Tenant and relating solely to the property of the Tenant in the Premises) without obligation to rebuild or reinstate the Building.
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RETENTION OF INSURANCE PROCEEDS. Notwithstanding anything hereinbefore contained, the Landlord shall be entitled to retain all amounts payable to it under any rental income insurance or fire insurance in the event the building is not repaired or rebuilt.
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RETENTION OF INSURANCE PROCEEDS. That the Lender may retain proceeds received from an insurance company following a loss or damage to the Property and may apply them to reduce the mortgage debt, or, at the Lender's option, it may pay the proceeds, in whole or part, to me for the repair or replacement of the loss or damage.
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RETENTION OF INSURANCE PROCEEDS. Following termination under paragraphs 6, 7 or 8, the insurance proceeds belong to the Landlord. Schedule 3 Review of Annual Rent
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RETENTION OF INSURANCE PROCEEDS. On the termination of this Lease under paragraph 7, or if this Lease is terminated by the operation of the doctrine of frustration, the Landlord shall be entitled to retain the proceeds of insurance for its exclusive benefit. SCHEDULE 4 Service charge provisions Part 1 Definitions In this Schedule, the following words and expressions have the following meanings unless the context otherwise requires: Accountant a suitably qualified and experienced person appointed by the Management Company to perform the function of an accountant in relation to the Expenditure (including an employee of the Management Company or of a member of the same group of companies as that term is defined in Section 42 of the Landlord and Tenant Act 1954); Advance Payment a quarterly payment as referred to in paragraph 1 of Part 3 of this schedule; Computing Date December in every year or such other date as the Management Company and/or the Landlord may from time to time designate; Development Advance Payment a quarterly payment as referred to in paragraph 3 of part 3 of this schedule; Xxxxxxxxxxx Xxxxxx Parts the parts of the Development comprising the Development Road (to the extent that they have not been adopted as maintainable at the public expense), and landscaped areas which are not the responsibility of an individual owner or occupier of part of the Estate or the Management Company and all other areas ways and amenities in the Development provided or designated from time to time by the Landlord for common use and enjoyment by the owners and occupiers of the Development (including any Conducting Media which do not form part of the Service Media and are not demised to the Tenant or any other tenant of the Development), and each and every part of them, which are not the responsibility of the Management Company; Development Service Charge a fair and proper proportion attributable to the Premises (to be conclusively determined by the Landlord or the Landlord's surveyor by a comparison of the plot area of the Premises with the aggregate plot area of the buildings (including the Premises) from time to time in the Development) of the cost to the Landlord of providing the Landlord's Services, including reasonable and proper management costs, fees, salaries, charges and expenses and the expense of cleaning, lighting, repairing, renewing, decorating, maintaining and where necessary rebuilding any party walls, fences, gutters, drains, roadways, pavements, entrance ways, stairs and passages...
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RETENTION OF INSURANCE PROCEEDS. On the termination of this lease pursuant to paragraphs 1.3 or 2 or 3 the Superior Landlord may retain for its exclusive benefit the proceeds of the insurance. SCHEDULE 7 (Garden Rate)
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Related to RETENTION OF INSURANCE PROCEEDS

  • Application of Insurance Proceeds Grantor shall promptly notify Lender of any loss or damage to the Collateral. Lender may make proof of loss if Grantor fails to do so within fifteen (15) days of the casualty. All proceeds of any insurance on the Collateral, including accrued proceeds thereon, shall be held by Lender as part of the Collateral. If Lender consents to repair or replacement of the damaged or destroyed Collateral, Lender shall, upon satisfactory proof of expenditure, pay or reimburse Grantor from the proceeds for the reasonable cost of repair or restoration. If Lender does not consent to repair or replacement of the Collateral, Lender shall retain a sufficient amount of the proceeds to pay all of the Indebtedness, and shall pay the balance to Grantor. Any proceeds which have not been disbursed within six (6) months after their receipt and which Grantor has not committed to the repair or restoration of the Collateral shall be used to prepay the Indebtedness.

  • Termination of Insurance An employee's Insurance under this plan will terminate on the earliest of the following dates:

  • Continuation of Insurance All policies of insurance shall provide for at least thirty (30) days prior written cancellation notice to the Agent. In the event of failure by the Guarantor to provide and maintain insurance as herein provided, the Agent may, at its option, provide such insurance and charge the amount thereof to the Guarantor. The Guarantor shall furnish the Agent with certificates of insurance and policies evidencing compliance with the foregoing insurance provision.

  • Cancellation of Insurance There will be no cancellation or reduction of coverage of any required insurance without thirty (30) days’ written notice to the Contractor. Such notice may be sent by the Subcontractor’s insurance carrier, insurance broker, or the Subcontractor. Waiver of Subrogation. Subcontractor waives all rights against Contractor, Client, other subcontractors, and their agents.

  • Use of Insurance Proceeds All insurance or condemnation proceeds payable by reason of any physical loss of any of the improvements comprising the facilities or the furniture, fixtures and equipment used by the Practice Offices, shall be available for the reconstruction, repair or replacement, as the case may be, of any damage, destruction or loss. The Policy Board, in consultation with TOC, shall review and approve such reconstruction, repair or replacement.

  • Duration of Insurance Contribution An employee is eligible for School District contributions as provided in this Article as long as the employee is employed by the School District. Upon termination of employment, all School District participation and contribution will cease effective on the last day of the month in which employment terminates.

  • Evidence of Insurance Receipt by the Administrative Agent of copies of insurance policies or certificates of insurance of the Loan Parties evidencing liability and casualty insurance meeting the requirements set forth in the Loan Documents, including, but not limited to, naming the Administrative Agent as additional insured (in the case of liability insurance) or loss payee (in the case of hazard insurance) on behalf of the Lenders.

  • Separation of Insureds All liability policies shall provide cross-liability coverage as would be afforded by the standard ISO (Insurance Services Office, Inc.) separation of insureds provision with no insured versus insured exclusions or limitations.

  • Modification of insurance requirements The Security Trustee shall notify the Borrower of any proposed modification under Clause 13.18 to the requirements of this Clause 13 which the Majority Lenders consider appropriate in the circumstances, and such modification shall take effect on and from the date it is notified in writing to the Borrower as an amendment to this Clause 13 and shall bind the Borrower accordingly.

  • Maintenance of Insurance; Policy Provisions The Contractor, at no additional direct cost to NYSERDA, shall maintain or cause to be maintained throughout the term of this Agreement, insurance of the types and in the amounts specified in the Section hereof entitled Types of Insurance. All such insurance shall be evidenced by insurance policies, each of which shall: