Common use of Blanket Insurance Clause in Contracts

Blanket Insurance. Nothing contained in this Section 9 shall prohibit Landlord or Tenant from obtaining a policy or policies of blanket insurance which may cover other properties of Landlord or Tenant provided that (a) any such blanket policy expressly allocates to the Premises not less than the amount of insurance required hereunder to be maintained and (b) such blanket policy shall not diminish the obligations to insure hereunder, so that proceeds from such policies shall be an amount no less than the proceeds that would be available under a separate policy.

Appears in 3 contracts

Samples: Lease Agreement (Emeritus Corp\wa\), Lease Agreement (Emeritus Corp\wa\), Lease Agreement (Emeritus Corp\wa\)

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Blanket Insurance. Nothing contained in this Section 9 SECTION 11 shall prohibit Landlord or Tenant from obtaining a policy or policies of blanket insurance which may cover other properties of Landlord or Tenant provided that (a) any such blanket policy expressly allocates to the Premises not less than the amount of insurance required hereunder to be maintained and (b) such blanket policy shall not diminish the obligations to insure hereunder, so that proceeds from such policies shall be an amount no less than the proceeds that would be available under a separate policy.

Appears in 1 contract

Samples: Form of Lease Agreement (Balanced Care Corp)

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