Common use of All Risks Property Insurance Clause in Contracts

All Risks Property Insurance. The Tenant shall, at all times during the Term, insure and keep insured the Demised Premises and all other insurable property belonging to the Tenant and from time to time located on the Demised Premises maintain in the names of the Tenant, the Landlord, and (if applicable) the Mortgagee as their respective interests may appear in an amount not less than the amount equal to that which would be required to replace or repair any loss or damage (the “Replacement Cost”) thereof against loss or damage by perils of “all risks” (being the perils from time to time included in the standard “all risks” policy issued by insurers from time to time), including resultant damage from error in design and faulty workmanship, to the extent available and as would be obtained by a prudent owner of such a Demised Premises, and in any event in an amount sufficient to prevent the Landlord or the Tenant from being deemed to be a co-insurer.

Appears in 5 contracts

Samples: Lease, Lease, Lease

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