Common use of Building Insurance Clause in Contracts

Building Insurance. During the Term Landlord shall maintain causes of loss-special form property insurance (including inflation endorsement, sprinkler leakage endorsement, and, at Landlord's option, earthquake and 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) on the Building, excluding coverage of all Tenant's Personal Property located on or in the Premises, but including the 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, 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 Landlord's Agents as named insureds and include a lender's loss payable endorsement in favor of Landlord's lender (Form 438 BFU Endorsement). Tenant shall reimburse Landlord monthly, as Additional Rent, for Tenant's Building Share of one-twelfth (12th) of the annual cost of such insurance on the first day of each calendar month of the Term, prorated for any partial month, or on such other periodic basis as Landlord shall

Building Insurance. During the Term Landlord shall maintain causes of loss-special form "All Risk" property insurance (including inflation endorsement, sprinkler leakage endorsement, andincluding, at Landlord's option, earthquake and flood coverage; provided, howeverinflation endorsement, that Landlord shall not be entitled to pass through to Tenant sprinkler leakage endorsement, and boiler and machinery coverage) covering the cost of earthquake insurance unless such insurance is obtained at commercially reasonable rates) on Project and the BuildingPremises, 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 rentsrents on an "All Risk" basis, 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 Landlord's its Agents as named insureds and include a lender's loss payable endorsement in favor of Landlord's lender (Form 438 BFU EndorsementEndorsement or successor form). Tenant shall reimburse Landlord monthly, as Additional Rent, for Tenant's Building Share of one-twelfth (12th) Project Percentage of the annual cost costs of such insurance on the first day of each calendar month of the Termpolicies and any deductible amounts paid by Landlord under such policies, prorated for any partial month, annually or on upon such other periodic basis as Landlord shallshall 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 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 term of this Lease, a standard fire and extended coverage insurance policy in an amount 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 Leased Premises caused by fire, lightning, hail, windstorm, explosion, vandalism, malicious mischief, and such 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 maintain causes be named as the primary insured, and any mortgagee of loss-special form 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 Leased Premises and shall reasonably cooperate with Landlord in maintaining the Leased Premises in such condition as to enable Landlord to obtain such insurance at the least available cost. Tenant is responsible for its own insurance to cover its own contents located in the Leased Premises, and all of the personal property insurance (including inflation endorsement, sprinkler leakage endorsement, and, at Landlord's option, earthquake and flood coverage; provided, however, that equipment included in the Leased Premises. Landlord shall not be entitled liable for any theft or damage to pass through to Tenant the cost property or person of earthquake insurance unless such insurance is obtained at commercially reasonable rates) on the Building, excluding coverage of all Tenant's Personal Property located on or in the Premises, but including the Tenant Improvements; such insurance shall be for the full replacement value any of the BuildingTenant’s officers, if such full replacement employees, agents, invitees or guests from perils customarily covered by fire and extended coverage is available from insurersinsurance, and at commercially reasonable rates, reasonably acceptable to Landlord. Such liability insurance shall also include insurance against loss or acts of rents, 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 Landlord's Agents as named insureds and include a lender's loss payable endorsement in favor of Landlord's lender (Form 438 BFU Endorsement). Tenant shall reimburse Landlord monthly, as Additional Rent, for Tenant's Building Share of one-twelfth (12th) of the annual cost of such insurance on the first day of each calendar month of the Term, prorated for any partial month, or on such other periodic basis as Landlord shallGod.

Building Insurance. During the Term Landlord shall maintain causes of loss-special form property insurance (including inflation endorsement, sprinkler leakage endorsement, and, at Landlord's ’s option, earthquake and 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) on the Building, excluding coverage of all Tenant's ’s Personal Property located on or in the Premises, but including the 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, 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 Landlord's ’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). Tenant shall reimburse Landlord monthly, as Additional Rent, for Tenant's ’s Building Share of one-twelfth (12th) of the annual cost of such insurance on the first day of each calendar month of the Term, prorated for any partial month, or on such other periodic basis as Landlord shallshall elect. If the insurance premiums are increased after the Commencement Date for any reason, including without limitation due to an increase in the value of the Building or its replacement cost, Tenant shall pay Tenant’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. Landlord may, in its sole discretion, maintain the insurance coverage described in this PARAGRAPH 21.C as part of an umbrella insurance policy covering other properties owned by Landlord.

Building Insurance. During the Term Landlord shall maintain causes of loss-special form property insurance (including inflation endorsement, sprinkler leakage endorsement, and, at Landlord's option, earthquake and 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) on the Building, excluding coverage of all Tenant's Personal Property located on or in the Premises, but including the 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, 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 Landlord's Agents as named insureds and include a lender's loss payable endorsement in favor of Landlord's lender (Form 438 BFU Endorsement). Tenant shall reimburse Landlord monthly, as Additional Rent, for Tenant's Building Share of one-twelfth (12th) of the annual cost of such insurance on the first day of each calendar month of the Term, prorated for any partial month, or on such other periodic basis as Landlord shallshall elect. If the insurance premiums are increased after the Commencement Date for any reason, including without limitation due to an increase in the value of the Building or its replacement cost, Tenant shall pay Tenant'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. Landlord may, in its sole discretion, maintain the insurance coverage described in this PARAGRAPH 21.C as part of an umbrella insurance policy covering other properties owned by Landlord.