Examples of Tenant’s Improvements in a sentence
All Tenant’s Improvements, upon the installation thereof, shall be and remain Landlord’s property and shall not be removed by Tenant at anytime during the Term (except in connection with permitted Alterations) or upon the expiration or earlier termination of this Lease.
Landlord (or, at Landlord’s option, any Mortgagee or Underlying Lessor) shall be named as a “loss payee” under the insurance policies providing “all risk” property coverage on Tenant’s Improvements; and Tenant shall reasonably cooperate with Landlord in connection with the collection of any insurance proceeds thereunder.
Tenant shall also pay to Landlord, within thirty (30) days after demand, the amount(s) by which the actual cost of repairing and restoring Tenant’s Improvements exceeds the aforesaid insurance proceeds plus the amounts described in clauses (x) and (y) above (and if such actual cost is less than the sum of such amounts, Landlord shall refund or credit to Tenant any unutilized funds).
No Tenant’s Improvements shall be subject to any conditional bills of sale, chattel mortgage or other title retention agreements.
The proceeds of Tenant’s insurance policies providing coverage for Tenant’s Improvements shall be paid to Landlord.