Common use of Leasehold Improvements and Personal Property Clause in Contracts

Leasehold Improvements and Personal Property. Tenant shall at all times during the term hereof maintain in effect policies of insurance covering (a) its leasehold improvements (including any alterations, additions or improvements as may be made by Tenant pursuant to the provisions of this Lease), trade fixtures, merchandise and other personal property from time to time on or upon the demised premises, in the amount not less than Two Hundred Twenty Five Thousand Dollars ($225,000,00) or their actual replacement cost, providing protection against any peril included within the classification "Fire and Extended Coverage,” together with insurance against sprinkler damage, vandalism and malicious mischief and (b) all plate glass on the demised premises. The proceeds of such insurance, so long as this Lease remains in effect, shall be used for the repair or replacement of the property so insured, upon termination of this Lease, the proceeds under (a) above shall be paid to Tenant, and the proceeds under (b) above shall be paid to Landlord.

Leasehold Improvements and Personal Property. Tenant shall at all times during the term hereof maintain in effect policies of insurance covering (a) its leasehold improvements (including any alterations, additions or improvements as may be made by Tenant pursuant to the provisions of this Lease), trade fixtures, merchandise and other personal property from time to time on or upon the demised premises, in . In the amount not less than Two Hundred Twenty Five Fifty Thousand Dollars ($225,000,0050,000.00) or their actual replacement costcost (whichever is greater), providing protection against any peril included within the classification "Fire and Extended Coverage,” " together with insurance against sprinkler damage, vandalism and malicious mischief and (b) all plate glass on to the demised premisespremisis. The proceeds of such insurance, so long as this Lease remains in effect, shall be used for the repair or replacement of the property so insured, upon . Upon termination of this Lease, the proceeds under (a) above shall be paid to Tenant, and the proceeds under (b) above shall be paid to Landlord.