Coach 2013 Annual Report Download - page 548

(B) Upon any termination of this Lease under this Article 11 all insurance proceeds Tenant shall be entitled to (the
“Tenant Insurance Proceeds”) with respect to any improvements, alterations or changes in the Premises shall be distributed as follows:
(i) first, Tenant shall receive the unamortized portion of the cost of any Alterations performed by Tenant in the
Premises from and after the date hereof (amortized over a term commencing on the date such Alterations were substantially completed through the Expiration
Date); and
(ii) (1) second, any Tenant Insurance Proceeds remaining after distribution pursuant to Section 11.01(B)(i)
(the “Excess Insurance Proceeds”) shall be distributed, (a) to Tenant, if Landlord shall have exercised its right to terminate this Lease pursuant to this Article
11, (b) to Landlord, if Tenant shall have exercised its right to terminate this Lease pursuant to this Article 11, or (c) to Landlord and to Tenant, each receiving
50% of the Excess Insurance Proceeds, if either (x) Landlord and Tenant shall have simultaneously exercised their rights to terminate this Lease pursuant to
this Article 11, or (y) this Lease shall have automatically terminated pursuant to this Article 11 without either Landlord or Tenant exercising its right of
termination.
11.02 In the event that the Premises has been damaged or destroyed and this Lease has not been terminated in accordance with the
provisions of this Article 11, Tenant shall (i) reasonably cooperate with Landlord in the restoration of the Premises and shall remove from the Premises as
promptly as reasonably possible all of Tenant’s salvageable inventory, movable equipment, furniture and other property and (ii) repair the damage to the tenant
improvements and betterments and Tenant’s personal property and restore the Premises promptly and with due diligence following the date upon which the
core and shell of the Premises shall have been substantially repaired by Landlord.
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