Common use of Proceeds of Insurance Clause in Contracts

Proceeds of Insurance. In the event of a termination of this Lease as described above, all proceeds of insurance policies, except for those amounts pertaining to the Tenant’s property, and to the extent that the Tenant is not indebted to the Landlord under this Lease, shall be and remain the sole property of the Landlord.

Appears in 2 contracts

Samples: Lease Agreement, Lease Agreement (Pc Mall Inc)

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Proceeds of Insurance. In the event of a termination of this Lease as described above, all proceeds of insurance policies, except for those amounts pertaining to the Tenant’s property, and to the extent that the Tenant is not indebted to the Landlord under this Lease, property shall be and remain the sole property of the Landlord.

Appears in 1 contract

Samples: Lease (Stockeryale Inc)

Proceeds of Insurance. In the event of a termination of this Lease as described above, all proceeds of insurance policies, including unamortized value of Tenant Improvements at the time of destruction except for those amounts pertaining to the Tenant’s property, paid for and installed by the Tenant on the Premises and to the extent that the Tenant is not indebted owes no debt to the Landlord under this Lease, shall be and remain the sole property of the Landlord.

Appears in 1 contract

Samples: Lease Amending Agreement (Haemacure Corp)

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Proceeds of Insurance. In the event of a the termination of this the Lease as described above, all proceeds of insurance policiesinsurance, except for those amounts pertaining to the Tenant’s property, property and to the extent that the Tenant is not indebted to towards the Landlord under this Lease, shall be and remain the sole property of the Landlord.

Appears in 1 contract

Samples: Lease Agreement (HEXO Corp.)

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