Laserfiche WebLink
<br />nature and extent of such damage and/or destruction. <br />In case of any damage to or destruction of leased Premises, or any part thereof, LESSEE, <br />whether or not the insurance proceeds, if any, payable on account of such damage and/or <br />destruction shall be sufficient for such purpose, at LESSEE's sole cost, risk, and expense, will <br />promptly commence and complete the restoration, repair, and replacement of said leased Premises <br />in the same condition (or as nearly as possible) prior to such damage and/or destruction, with such <br />alterations in and additions thereto as may be approved in writing by LESSOR (hereinafter <br />sometimes referred to as the "Restoration". <br />All insurance proceeds, if any, payable on account of such damage to or destruction of the <br />leased Premises shall be held by LESSOR. LESSOR shall be protected in acting upon any <br />certificate believed by LESSOR to be genuine and to have been executed by the proper party and <br />shall receive such certificate as conclusive evidence of any fact or as to any matter therein set <br />forth. Such certificate shall be full warranty, authority, and protection to LESSOR in acting <br />thereon, and LESSOR shall be under no duty to take any action other than as set forth in this <br />paragraph. <br />Insurance proceeds received by LESSOR on account of any damages to or destruction of <br />the leased Premises, or any part thereof (less the costs, fees, and expenses incurred by LESSOR <br />and LESSEE in the collection thereof, including without limitation, adjuster's and attorney's fees <br />and expenses), shall be applied as follows: <br />A. Net insurance proceeds as above defined shall be paid to LESSEE or as LESSEE <br />may direct from time to time as Restoration progresses to pay (or reimburse <br />LESSEE for) the cost of Restoration, upon written request of LESSEE to LESSOR <br />accompanied by (1) certificate of a supervising architect or engineer approved by <br />LESSOR, describing in reasonable detail the work and material in question and the <br />cost thereof, stating that the same were necessary or appropriate to the Restoration <br />and constitute a complete part thereof, and that no part of the cost thereof has <br />theretofore been reimbursed, and specifying the additional amount, if any, <br /> <br />Chamber of Commerce Lease - Page 7 <br />