Common use of Building Insurance Clause in Contracts

Building Insurance. During the Term Landlord shall maintain "All Risk" property insurance (including, at Landlord's option, earthquake and flood coverage, inflation endorsement, sprinkler leakage endorsement, and boiler and machinery coverage) covering the Project and the Premises, excluding coverage of all Tenant's Personal Property on or in the Premises, but including the Project and any Tenant Improvements. Such insurance shall also include insurance against loss of rents on an "All Risk" basis, including, at Landlord's option, earthquake and flood, in an amount equal to the Monthly Rent and Additional Rent, and any other sums payable under the Lease, for a period of twelve (12) months commencing on the date of loss. Such insurance shall name Landlord and its Agents as named insureds and include a lender's loss payable endorsement in favor of Landlord's lender (Form 438 BFU Endorsement or successor form). Tenant shall reimburse Landlord for Tenant's Project Percentage of the costs of such policies and any deductible amounts paid by Landlord under such policies, annually or upon such other periodic basis as Landlord shall elect, within ten (10) days of the date of receipt of a statement for the same, as Additional Rent. If the insurance premiums are increased after the Commencement Date due to an increase in premium rates, due to an increase in the valuation of the Premises or their replacement cost, due to additional or modified coverages, Tenant shall pay Tenant's Project Percentage of such increase within ten (10) days of notice of such increase. Tenant shall pay the entire increase in premium rates caused by Tenant's use of the Premises.

Building Insurance. During the Term Landlord shall maintain "All Risk" causes of loss-special form property insurance (includingincluding inflation endorsement, sprinkler leakage endorsement, and, at Landlord's option, earthquake and flood coverage; provided, inflation endorsementhowever, sprinkler leakage endorsement, and boiler and machinery coveragethat Landlord shall not be entitled to pass through to Tenant the cost of earthquake insurance unless such insurance is obtained at commercially reasonable rates) covering on the Project and the PremisesBuilding, excluding coverage of all Tenant's Personal Property located on or in the Premises, but including the Project and any Tenant Improvements; such insurance shall be for the full replacement value of the Building, if such full replacement coverage is available from insurers, and at commercially reasonable rates, reasonably acceptable to Landlord. Such insurance shall also include insurance against loss of rents on an "All Risk" basisrents, including, at Landlord's option, coverage for earthquake and flood, in an amount equal to the Monthly Rent and Additional Rent, and any other sums payable under the Lease, for a period of at least twelve (12) months commencing on the date of loss. Such insurance shall name Landlord and its Landlord's Agents as named insureds and include a lender's loss payable endorsement in favor of Landlord's lender (Form 438 BFU Endorsement or successor formEndorsement). Tenant shall reimburse Landlord monthly, as Additional Rent, for Tenant's Project Percentage Building Share of one-twelfth (12th) of the costs annual cost of such policies and insurance on the first day of each calendar month of the Term, prorated for any deductible amounts paid by Landlord under such policiespartial month, annually or upon on such other periodic basis as Landlord shall elect, within ten (10) days of the date of receipt of a statement for the same, as Additional Rent. If the insurance premiums are increased after the Commencement Date due to an increase in premium rates, due to an increase in the valuation of the Premises or their replacement cost, due to additional or modified coverages, Tenant shall pay Tenant's Project Percentage of such increase within ten (10) days of notice of such increase. Tenant shall pay the entire increase in premium rates caused by Tenant's use of the Premises.shall

Building Insurance. During Tenant covenants and agrees, as a material inducement for entering into this Lease, to obtain and continue in full force and effect throughout the Term Landlord shall maintain "All Risk" property term of this Lease, a standard fire and extended coverage insurance (including, at Landlord's option, earthquake and flood coverage, inflation endorsement, sprinkler leakage endorsement, and boiler and machinery coverage) covering the Project and the Premises, excluding coverage of all Tenant's Personal Property on or in the Premises, but including the Project and any Tenant Improvements. Such insurance shall also include insurance against loss of rents on an "All Risk" basis, including, at Landlord's option, earthquake and flood, policy in an amount equal sufficient to cover the full replacement cost of insurable value (whichever is less) of the Leased Premises and Comprehensive “all risk” insurance covering loss or damage to the Monthly Rent Leased Premises caused by fire, lightning, hail, windstorm, explosion, vandalism, malicious mischief, and Additional Rentsuch other losses, hazards, casualties, liabilities and contingencies as are normally and usually covered by “All Risk”. A responsible insurance company authorized to do business in the State of Florida shall write such insurance policy. Landlord and Tenant mutually covenant and agree, as a material inducement for entering into this Lease, that any insurance proceeds shall be applied exclusively to the cost of repairing or rebuilding the Leased Premises. Tenant agrees to reasonably cooperate with Landlord in obtaining such insurance policy. This requirement shall be satisfied by an existing policy which names the Landlord as an additional insured, and provides the coverage required herein. Tenant agrees that Landlord shall be named as the primary insured, and any other sums payable under mortgagee of Landlord shall be named as an additional insured Lease Agreement Tenant shall at all times comply with all applicable fire ordinances, law, rules and regulations, as they may relate to the Lease, for a period of twelve (12) months commencing on Leased Premises and shall reasonably cooperate with Landlord in maintaining the date of loss. Such Leased Premises in such condition as to enable Landlord to obtain such insurance shall name Landlord and its Agents as named insureds and include a lender's loss payable endorsement in favor of Landlord's lender (Form 438 BFU Endorsement or successor form)at the least available cost. Tenant shall reimburse Landlord is responsible for Tenant's Project Percentage its own insurance to cover its own contents located in the Leased Premises, and all of the costs of such policies personal property and any deductible amounts paid by Landlord under such policies, annually or upon such other periodic basis as equipment included in the Leased Premises. Landlord shall elect, within ten (10) days not be liable for any theft or damage to the property or person of any of the date Tenant’s officers, employees, agents, invitees or guests from perils customarily covered by fire and extended coverage insurance, liability insurance or acts of receipt of a statement for the same, as Additional Rent. If the insurance premiums are increased after the Commencement Date due to an increase in premium rates, due to an increase in the valuation of the Premises or their replacement cost, due to additional or modified coverages, Tenant shall pay Tenant's Project Percentage of such increase within ten (10) days of notice of such increase. Tenant shall pay the entire increase in premium rates caused by Tenant's use of the PremisesGod.

Building Insurance. During the Term Landlord shall maintain "All Risk" causes of loss-special form property insurance (including, at Landlord's option, earthquake and flood coverage, including inflation endorsement, sprinkler leakage endorsement, and, at Landlord’s option, earthquake and boiler and machinery flood coverage; provided, however, that Landlord shall not be entitled to pass through to Tenant the cost of earthquake insurance unless such insurance is obtained at commercially reasonable rates) covering on the Project and the PremisesBuilding, excluding coverage of all Tenant's ’s Personal Property located on or in the Premises, but including the Project and any Tenant Improvements; such insurance shall be for the full replacement value of the Building, if such full replacement coverage is available from insurers, and at commercially reasonable rates, reasonably acceptable to Landlord. Such insurance shall also include insurance against loss of rents on an "All Risk" basisrents, including, at Landlord's ’s option, coverage for earthquake and flood, in an amount equal to the Monthly Rent and Additional Rent, and any other sums payable under the Lease, for a period of at least twelve (12) months commencing on the date of loss. Such insurance shall name Landlord and its Landlord’s Agents as named insureds and include a lender's ’s loss payable endorsement in favor of Landlord's ’s lender (Form 438 BFU Endorsement or successor formEndorsement). Tenant shall reimburse Landlord monthly, as Additional Rent, for Tenant's Project Percentage ’s Building Share of one-twelfth (12th) of the costs annual cost of such policies and insurance on the first day of each calendar month of the Term, prorated for any deductible amounts paid by Landlord under such policiespartial month, annually or upon on such other periodic basis as Landlord shall elect, within ten (10) days of the date of receipt of a statement for the same, as Additional Rent. If the insurance premiums are increased after the Commencement Date due to an increase in premium ratesfor any reason, including without limitation due to an increase in the valuation value of the Premises Building or their its replacement cost, due to additional or modified coverages, Tenant shall pay Tenant's Project Percentage ’s Building Share of such increase within ten (10) days of notice of such increase; provided, however, that if any increase in such insurance premiums is due to any action or failure to act of Tenant, including without limitation Tenant’s use of the Premises or any improvements installed by Tenant at the Premises, Tenant shall pay the entire amount of such increase within ten (10) days of notice of such increase. Tenant shall pay Landlord may, in its sole discretion, maintain the entire increase insurance coverage described in premium rates caused this PARAGRAPH 21.C as part of an umbrella insurance policy covering other properties owned by Tenant's use of the PremisesLandlord.

Building Insurance. During the Term Landlord shall maintain "All Risk" causes of loss-special form property insurance (includingincluding inflation endorsement, sprinkler leakage endorsement, and, at Landlord's option, earthquake and flood coverage; provided, inflation endorsementhowever, sprinkler leakage endorsement, and boiler and machinery coveragethat Landlord shall not be entitled to pass through to Tenant the cost of earthquake insurance unless such insurance is obtained at commercially reasonable rates) covering on the Project and the PremisesBuilding, excluding coverage of all Tenant's Personal Property located on or in the Premises, but including the Project and any Tenant Improvements; such insurance shall be for the full replacement value of the Building, if such full replacement coverage is available from insurers, and at commercially reasonable rates, reasonably acceptable to Landlord. Such insurance shall also include insurance against loss of rents on an "All Risk" basisrents, including, at Landlord's option, coverage for earthquake and flood, in an amount equal to the Monthly Rent and Additional Rent, and any other sums payable under the Lease, for a period of at least twelve (12) months commencing on the date of loss. Such insurance shall name Landlord and its Landlord's Agents as named insureds and include a lender's loss payable endorsement in favor of Landlord's lender (Form 438 BFU Endorsement or successor formEndorsement). Tenant shall reimburse Landlord monthly, as Additional Rent, for Tenant's Project Percentage Building Share of one-twelfth (12th) of the costs annual cost of such policies and insurance on the first day of each calendar month of the Term, prorated for any deductible amounts paid by Landlord under such policiespartial month, annually or upon on such other periodic basis as Landlord shall elect, within ten (10) days of the date of receipt of a statement for the same, as Additional Rent. If the insurance premiums are increased after the Commencement Date due to an increase in premium ratesfor any reason, including without limitation due to an increase in the valuation value of the Premises Building or their its replacement cost, due to additional or modified coverages, Tenant shall pay Tenant's Project Percentage Building Share of such increase within ten (10) days of notice of such increase; provided, however, that if any increase in such insurance premiums is due to any action or failure to act of Tenant, including without limitation Tenant's use of the Premises or any improvements installed by Tenant at the Premises, Tenant shall pay the entire amount of such increase within ten (10) days of notice of such increase. Tenant shall pay Landlord may, in its sole discretion, maintain the entire increase insurance coverage described in premium rates caused this PARAGRAPH 21.C as part of an umbrella insurance policy covering other properties owned by Tenant's use of the PremisesLandlord.