Common use of Certificates, Subrogation and Other Matters Clause in Contracts

Certificates, Subrogation and Other Matters. Tenant shall provide Landlord with certificates evidencing the coverage required hereunder prior to the Commencement Date, or Xxxxxx’s entry to the Premises for construction of improvements or any other purpose (whichever first occurs). The Tenant’s insurance policies shall state that such insurance coverage may not be materially changed, canceled or non-renewed without at least thirty (30) days’ prior written notice to Landlord. Tenant shall promptly provide Landlord with written notice of any change, cancellation or non-renewal of any insurance policy required to be maintained by Tenant hereunder. Tenant shall provide renewal certificates to Landlord at least thirty (30) days prior to expiration of such policies. Tenant’s insurance policies shall be primary to all policies of Landlord and any other additional insureds (whose policies shall be deemed excess and non-contributory). All insurance required hereunder shall be provided by responsible insurers licensed in the Commonwealth of Pennsylvania, and shall have a general policy holder’s rating of at least A and a financial rating of at least X in the then current edition of Best’s Insurance Reports. The parties mutually hereby waive all rights and claims against each other for all losses covered by their respective insurance policies, and waive all rights of subrogation for their respective insurers. The parties agree that their respective insurance policies are now, or shall be, endorsed such that said waiver of subrogation shall not affect the right of the insured to recover thereunder. Landlord disclaims any representations as to whether the foregoing coverages will be adequate to protect Tenant, and Xxxxxx agrees to carry such additional coverage as may be necessary or appropriate.

Appears in 3 contracts

Samples: Office Lease Agreement (Alpha Healthcare Acquisition Corp Iii), Office Lease Agreement (Alpha Healthcare Acquisition Corp Iii), Office Lease Agreement (Alpha Healthcare Acquisition Corp Iii)

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Certificates, Subrogation and Other Matters. The Tenant shall ------------------------------------------- provide the Landlord with certificates evidencing the coverage required hereunder prior to the Commencement Date, or Xxxxxx’s the Tenant's entry to the Premises for construction of improvements or any other purpose (whichever first occurs). The Tenant’s insurance policies shall Such certificates shall: (i) be on XXXXX Form 27 or such other form approved or required by the Landlord, (ii) state that such insurance coverage may not be materially changed, canceled or non-renewed without at least thirty (30) days’ days prior written notice to the Landlord. Tenant shall promptly provide Landlord with written notice , and (iii) include, as attachments, originals of any change, cancellation or non-renewal of any insurance the Additional insured endorsements to the Tenant's CGL policy required to be maintained by Tenant hereunderabove. The Tenant shall provide renewal certificates to the Landlord at least thirty (30) days prior to expiration of such policies. Except as expressly provided to the contrary herein, coverage hereunder shall apply to events occurring during the policy year regardless of when a claim is made. The Landlord may periodically require that the Tenant reasonably increase or expand the aforementioned coverage. Except as provided to the contrary herein, any insurance carried by the Landlord or the Tenant shall be for the sole benefit of the party carrying such insurance. If the Tenant obtains insurance under "blanket policies," the Tenant shall obtain an endorsement providing that the insurance limits required hereunder are not subject to reduction or impairment by claims or losses at other locations. The Tenant’s 's insurance policies shall be primary to all policies of the Landlord and any other additional Additional insureds (whose policies shall be deemed excess and non-contributory). All insurance required hereunder shall be provided by responsible insurers licensed in the Commonwealth State of PennsylvaniaMaryland, and shall have a general policy holder’s policyholder's rating of at least A and a financial rating of at least X in the then current edition of Best’s 's Insurance Reports. The parties mutually hereby waive all rights and claims against each other for all losses covered by their respective insurance policies, and waive all rights of subrogation for of their respective insurers. The parties agree that their respective insurance policies are now, or shall be, endorsed such that said waiver of subrogation shall not affect the right of the insured to recover thereunder. The Landlord disclaims any representations representation as to whether the foregoing coverages will be adequate to protect the Tenant, and Xxxxxx the Tenant agrees to carry such additional coverage as may be necessary or appropriate.

Appears in 2 contracts

Samples: Lease Agreement, Lease Agreement (Pc Connection Inc)

Certificates, Subrogation and Other Matters. Tenant shall provide Landlord with certificates evidencing the coverage required hereunder prior to the Rent Commencement Date, or Xxxxxx’s Tenant's entry to the Premises for construction of improvements or any other purpose (whichever first occurs). The Tenant’s insurance policies shall Such certificates shall: (i) be on XXXXX Form 27 or such other form approved or required by Landlord, (ii) state that such insurance coverage may not be materially changed, canceled or non-renewed without at least thirty (30) days' prior written notice to Landlord. Tenant shall promptly provide Landlord with written notice , and (iii) include, as attachments, originals of any change, cancellation or non-renewal of any insurance the Additional Insured endorsements to Tenant's CGL policy required to be maintained by Tenant hereunderabove. Tenant shall provide renewal certificates to Landlord at least thirty (30) days prior to expiration of such policies. Tenant’s 's required insurance policies described herein may be claims based policies. Landlord may periodically require that Tenant reasonably increase or expand the aforementioned coverage. Except as provided to the contrary herein, any insurance carried by Landlord or Tenant shall be for the sole benefit of the party carrying such insurance. If Tenant obtains insurance under "blanket policies," Tenant shall obtain an endorsement providing that the insurance limits required hereunder are not subject to reduction or impairment by claims or losses at other locations. Tenant's insurance policies shall be primary to all policies of Landlord and any other additional insureds Additional Insureds (whose policies shall be deemed excess and non-contributory). All insurance required hereunder shall be provided by responsible insurers licensed to do business in the Commonwealth State of PennsylvaniaFlorida, and shall have a general policy holder’s 's rating of at least A and a financial rating of at least X in the then current edition of Best’s 's Insurance Reports. The parties mutually hereby waive all rights and claims against each other for all losses covered by their respective insurance policiespolicies (or required to be covered by insurance under this Lease), and waive all rights of subrogation for of their respective insurers. The parties agree that their respective insurance policies are now, or shall be, endorsed such that said waiver of subrogation shall not affect the right of the insured to recover thereunder. Landlord disclaims any representations as to whether the foregoing coverages will be adequate to protect Tenant, and Xxxxxx agrees to carry such additional coverage as may be necessary or appropriate.

Appears in 1 contract

Samples: Lease (TherapeuticsMD, Inc.)

Certificates, Subrogation and Other Matters. Tenant shall provide Landlord with certificates evidencing the coverage required hereunder prior to the Commencement Date, or Xxxxxx’s Tenant's entry to the Premises for construction of improvements or any other purpose (whichever first occurs). The Tenant’s insurance policies shall Such certificates shall: (i) be on ACORX Xxxm 27 or such other form approved or required by Landlord, (ii) state that such insurance coverage may not be materially changed, canceled or non-renewed without at least thirty (30) days' prior written notice to Landlord. Tenant shall promptly provide Landlord with written notice , and (iii) include, as attachments, true and correct photocopies of any change, cancellation or non-renewal of any insurance the Additional Insured endorsements to Tenant's CGL policy required to be maintained by Tenant hereunderabove. Tenant shall provide renewal certificates to Landlord at least thirty (30) days prior to expiration of such policies. Except as expressly provided to the contrary herein, coverage hereunder shall apply to events occurring during the policy year regardless of when a claim is made. Landlord may periodically require that Tenant reasonably increase or expand the aforementioned coverage. Except as provided to the contrary herein, any insurance carried by Landlord or Tenant shall be for the sole benefit of the party carrying such insurance. Tenant’s 's insurance policies shall be primary to all policies of Landlord and any other additional insureds Additional Insureds (whose policies shall be deemed excess and non-contributory). All insurance required hereunder shall be provided by responsible insurers licensed in the Commonwealth of PennsylvaniaState in which the Premises is located, and shall have a general policy holder’s 's rating of at least A and a financial rating of at least X in the then current edition of Best’s 's Insurance Reports. The parties mutually hereby waive all rights and claims against each other for all losses covered by their respective insurance policies, and waive all rights of subrogation for of their respective insurers. The parties agree that their respective insurance policies are now, or shall be, endorsed such that said waiver of subrogation shall not affect the right of the insured to recover thereunder. Landlord disclaims any representations representation as to whether the foregoing coverages will be adequate to protect Tenant, and Xxxxxx Tenant agrees to carry such additional coverage as may be necessary or appropriate.

Appears in 1 contract

Samples: Maxtor Corp

Certificates, Subrogation and Other Matters. Tenant shall provide Landlord with certificates evidencing the coverage required hereunder prior to the Commencement Date, or XxxxxxTenant’s entry to the Premises for construction of improvements or any other purpose (whichever first occurs). The Tenant’s insurance policies shall Such certificates shall: (i) be on XXXXX Form 27 or such other form approved or required by Landlord, (ii) state that such insurance coverage may not be materially changed, canceled or non-renewed without at least thirty (30) days’ prior written notice to Landlord. Tenant shall promptly provide Landlord with written notice , and (iii) include, as attachments, originals of any change, cancellation or non-renewal of any insurance the Additional Insured endorsements to Tenant’s CGL policy required to be maintained by Tenant hereunderabove. Tenant shall provide renewal certificates to Landlord at least thirty (30) days prior to expiration of such policies. Except as expressly provided to the contrary herein, coverage hereunder shall apply to events occurring during the policy year regardless of when a claim is made. Landlord may periodically require that Tenant reasonably increase or expand the aforementioned coverage. Except as provided to the contrary herein, any insurance carried by Landlord or Tenant shall be for the sole benefit of the party carrying such insurance. If Tenant obtains insurance under “blanket policies,” Tenant shall obtain an endorsement providing that the insurance limits required hereunder are not subject to reduction or impairment by claims or losses at other locations. Tenant’s insurance policies shall be primary to all policies of Landlord and any other additional insureds Additional Insureds (whose policies shall be deemed excess and non-contributory). All insurance required hereunder shall be provided by responsible insurers licensed in the Commonwealth State of PennsylvaniaFlorida, and shall have a general policy holder’s rating of at least A and a financial rating of at least X A in the then current edition of Best’s Insurance Reports. The parties mutually hereby waive all rights and claims against each other for all losses bases covered by their respective insurance policiespolicies (or required to be covered by insurance under this Lease), and waive all rights of subrogation for of their respective insurers. The parties agree that their respective insurance policies are now, or shall be, endorsed such that said waiver of subrogation shall not affect the right of the insured to recover thereunder. Landlord disclaims any representations as to whether the foregoing coverages will be adequate to protect Tenant, and Xxxxxx agrees to carry such additional coverage as may be necessary or appropriate.

Appears in 1 contract

Samples: Lease (FriendFinder Networks Inc.)

Certificates, Subrogation and Other Matters. Tenant shall provide Landlord with certificates evidencing the coverage required hereunder prior to the Commencement Date, or XxxxxxTenant’s entry to the Premises for construction of improvements or any other purpose (whichever first occurs). The Tenant’s insurance policies shall Such certificates shall: (i) be on XXXXX Form 27 or such other form approved or required by Landlord, (ii) state that such insurance coverage may not be materially changed, canceled or non-renewed without at least thirty (30) days’ prior written notice to Landlord. Tenant shall promptly provide Landlord with written notice , and (iii) include, as attachments, originals of any change, cancellation or non-renewal of any insurance the Additional Insured endorsements to Tenant’s CGL policy required to be maintained by Tenant hereunderabove. Tenant shall provide renewal certificates to Landlord at least thirty (30) days prior to expiration of such policies. Except as expressly provided to the contrary herein, coverage hereunder shall apply to events occurring during the policy year regardless of when a claim is made. Landlord may periodically require that Tenant reasonably increase or expand the aforementioned coverage. Except as provided to the contrary herein, any insurance carried by Landlord or Tenant shall be for the sole benefit of the party carrying such insurance. If Tenant obtains insurance under “blanket policies,” Tenant shall obtain an endorsement providing that the insurance limits required hereunder are not subject to reduction or impairment by claims or losses at other locations. Tenant’s insurance policies shall be primary to all policies of Landlord and any other additional insureds Additional Insureds (whose policies shall be deemed excess and non-contributory). All insurance required hereunder shall be provided by responsible insurers licensed in the Commonwealth State of PennsylvaniaWashington, and shall have a general policy holder’s rating of at least A and a financial rating of at least X in the then current edition of Best’s Insurance Reports. The parties mutually hereby waive all rights and claims against each other for all losses covered by their respective insurance policiespolicies (or required to be covered by insurance under this Lease), and waive all rights of subrogation for of their respective insurers. The parties agree that their respective insurance policies are now, or shall be, endorsed such that said waiver of subrogation shall not affect the right of the insured to recover thereunder. Landlord disclaims any representations representation as to whether the foregoing coverages will be adequate to protect Tenant, and Xxxxxx Tenant agrees to carry such additional coverage as may be necessary or appropriate.

Appears in 1 contract

Samples: Office Lease (Pixelworks Inc)

Certificates, Subrogation and Other Matters. Tenant shall provide Landlord with certificates evidencing the coverage required hereunder prior to the Commencement Date, or XxxxxxTenant’s entry to the Premises for construction of improvements or any other purpose (whichever first occurs). The Tenant’s insurance policies shall Such certificates shall: (i) be on XXXXX Form 27 or such other form reasonably approved or required by Landlord, (ii) state that such insurance coverage may not be materially changed, canceled or non-renewed without at least thirty ten (3010) business days’ prior written notice to Landlord. Tenant shall promptly provide Landlord with written notice , and (iii) include, as attachments, originals of any change, cancellation or non-renewal of any insurance the Additional Insured endorsements to Tenant’s CGL policy required to be maintained by Tenant hereunderabove. Tenant shall provide renewal certificates to Landlord at least thirty ten (3010) business days prior to expiration of such policies. Except as expressly provided to the contrary herein, coverage hereunder shall apply to events occurring during the policy year regardless of when a claim is made. Landlord may periodically (but not more than once in any 24 consecutive month period) require that Tenant reasonably increase or expand the aforementioned coverage, if and to the extent such increases or expansions are consistent with insurance coverage required by prudent owners of similar class office buildings in downtown, Chicago, Illinois. Except as provided to the contrary herein, any insurance carried by Landlord or Tenant shall be for the sole benefit of the party carrying such insurance. If Tenant obtains insurance under “blanket policies,” Tenant shall obtain an endorsement providing that the insurance limits required hereunder are not subject to reduction or impairment by claims or losses at other locations. Tenant’s insurance policies shall be primary to all policies of Landlord and any other additional insureds Additional Insureds (whose policies shall be deemed excess and non-contributory). All insurance required hereunder shall be provided by responsible insurers licensed in the Commonwealth State of PennsylvaniaIllinois, and shall have a general policy holder’s rating of at least A and a financial rating of at least X in the then current edition of Best’s Insurance Reports. The parties mutually hereby waive all rights and claims against each other for all losses covered by their respective insurance policies, and waive all rights of subrogation for of their respective insurers. The parties agree that their respective insurance policies are now, or shall be, endorsed such that said waiver of subrogation shall not affect the right of the insured to recover thereunder. Landlord disclaims any representations representation as to whether the foregoing coverages will be adequate to protect Tenant, and Xxxxxx agrees to carry such additional coverage as may be necessary or appropriate.

Appears in 1 contract

Samples: Office Lease (LKQ Corp)

Certificates, Subrogation and Other Matters. Tenant shall provide Landlord with certificates evidencing the coverage required hereunder prior to the Commencement Date, or Xxxxxx’s Tenant's entry to the Premises for construction of improvements or any other purpose (whichever first occurs). The Tenant’s insurance policies shall Such certificates shall: (i) be on AXXXX Form 27 or such other form approved or required by Landlord, (ii) state that such insurance coverage may not be materially changed, canceled or non-renewed without at least thirty (30) days' prior written notice to Landlord. Tenant shall promptly provide Landlord with written notice , and (iii) include as attachments, originals of any changethe Additional insured endorsements to Tenant's CGL, cancellation or non-renewal of any insurance policy required to be maintained by Tenant hereunderabove. Tenant shall provide renewal certificates to Landlord at least thirty (30) days prior to expiration of such policies. Except as expressly provided to the contrary herein, coverage hereunder shall apply to events occurring during the policy year regardless of when a claim is made, Landlord may periodically require that Tenant reasonably increase or expand the aforementioned coverage. Except as provided to the contrary herein, any insurance carried by Landlord or Tenant shall be for the sole benefit or the party carrying such insurance. If Tenant obtains insurance under "blanket policies." Tenant shall obtain an endorsement providing that the insurance limits required hereunder are not subject to reduction or impairment by claims or losses at other locations. Tenant’s 's insurance policies shall be primary to all policies of Landlord and any other additional insureds Additional Insureds (whose policies shall be deemed excess and non-contributorynon­contributory). All insurance required hereunder shall be provided by responsible insurers licensed in the Commonwealth State of PennsylvaniaWashington, and shall have a general policy holder’s 's rating of at least A and a financial rating of at least X in the then current edition of Best’s 's Insurance Reports. The parties mutually hereby waive all rights and claims against each other for all losses covered by their respective insurance policiespolicies (or required to be covered by insurance under this Lease), and waive all rights of subrogation for of their respective insurers. The parties agree that their respective insurance policies are now, or shall be, endorsed such that said waiver of subrogation shall not affect the right of the insured to recover thereunder. , Landlord disclaims any representations representation as to whether the foregoing coverages will be adequate to protect Tenant, and Xxxxxx Tenant agrees to carry such additional coverage as may be necessary or appropriate.

Appears in 1 contract

Samples: Office Lease (Enviro Fuels Manufacturing, Inc.)

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Certificates, Subrogation and Other Matters. Tenant shall provide Landlord with certificates evidencing the coverage required hereunder prior to the Commencement Date, or Xxxxxx’s Tenant's entry to the Premises for construction of improvements or any other purpose (whichever first occurs). The Tenant’s insurance policies shall Such certificates shall: (i) be on XXXXX Form 27 or such other form approved or required by Landlord, (ii) state that such insurance coverage may not be materially changed, canceled or non-renewed without at least thirty (30) days' prior written notice to Landlord. Tenant shall promptly provide Landlord with written notice , and (iii) include, as attachments, originals of any change, cancellation or non-renewal of any insurance the Additional Insured endorsements to Tenant's CGL policy required to be maintained by Tenant hereunderabove. Tenant shall provide renewal certificates to Landlord at least thirty (30) days prior to expiration of such policies. Except as expressly provided to the contrary herein, coverage hereunder shall apply to events occurring during the policy year regardless of when a claim is made. Landlord may periodically require that Tenant reasonably increase or expand the aforementioned coverage in accordance with industry standards for comparable circumstances. Except as provided to the contrary herein, any insurance carried by Landlord or Tenant shall be for the sole benefit of the party carrying such insurance. If Tenant obtains insurance under "blanket policies," Tenant shall obtain an endorsement providing that the insurance limits required hereunder are not subject to reduction or impairment by claims or losses at other locations. Tenant’s 's insurance policies shall be primary to all policies of Landlord and any other additional insureds Additional Insureds (whose policies shall be deemed excess and non-contributory). All insurance required hereunder shall be provided by responsible insurers licensed in the Commonwealth State of PennsylvaniaWashington, and shall have a general policy holder’s 's rating of at least A and a financial rating of at least X in the then current edition of Best’s 's Insurance Reports. The parties mutually hereby waive all rights and claims against each other for all losses covered by their respective insurance policiespolicies (or required to be covered by insurance under this Lease), and waive all rights of subrogation for of their respective insurers. The parties agree that their respective insurance policies are now, or shall be, endorsed such that said waiver of subrogation shall not affect the right of the insured to recover thereunder. Landlord disclaims any representations representation as to whether the foregoing coverages will be adequate to protect Tenant, and Xxxxxx Tenant agrees to carry such additional coverage as may be necessary or appropriate.

Appears in 1 contract

Samples: Cutter & Buck Inc

Certificates, Subrogation and Other Matters. Tenant shall provide Landlord with evidence of the insurance coverages described in Section 7.03 above in the form of certificate of liability insurance. Tenant shall provide such certificates evidencing the coverage required hereunder prior to the Commencement Date, Date or XxxxxxTenant’s entry access to or possession of the Premises for or construction of improvements or any other purpose therein (whichever first occurs). The Tenant’s insurance policies shall state that such insurance coverage may not be materially changed, canceled or non-renewed without at least thirty (30) days’ prior written notice to Landlord. Tenant shall promptly provide Landlord with written notice maintain at all times throughout the Term and any extensions thereof, all insurance required of any change, cancellation or non-renewal of any insurance policy required to be maintained by Tenant hereunderunder this Article 7. Tenant shall provide renewal certificates to Landlord at least thirty (30) days prior to expiration of such policies. Tenant shall provide notice to Landlord promptly upon receipt of any notice received by Tenant from its insurance carrier advising of non-renewal or cancelation of the policies required under this Lease, but Tenant’s insurance policies failure to do so shall not be primary to all policies of Landlord and any other additional insureds (whose policies shall be deemed excess and non-contributory). All insurance required hereunder shall be provided by responsible insurers licensed in the Commonwealth of Pennsylvania, and shall have a general policy holder’s rating of at least A and a financial rating of at least X in the then current edition of Best’s Insurance Reportsdefault under this Lease. The parties mutually hereby waive all rights and claims against each other for all losses covered by their respective insurance policies, and waive all rights of subrogation for of their respective insurers. The parties agree that their respective insurance policies are now, or shall be, endorsed so that such that said waiver waivers of subrogation shall not affect the right of the insured their respective rights to recover thereunder. Landlord disclaims any representations as to whether the foregoing coverages will be adequate to protect Tenant, and Xxxxxx agrees to carry such additional coverage as may be necessary or appropriate.

Appears in 1 contract

Samples: Agreement of Lease (Cara Therapeutics, Inc.)

Certificates, Subrogation and Other Matters. Tenant Subtenant and Landlord shall provide Landlord with to the other certificates evidencing the coverage required hereunder prior to the Commencement Date, or Xxxxxx’s Subtenant's entry to the Premises for construction of improvements or any other purpose (whichever first occurs). The Tenant’s insurance policies shall Such certificates shall: (i) be on ACORD Form 27 or such other form approved or required by the other paxxx, (ii) state that such insurance coverage may not be materially changed, canceled or non-renewed without at least thirty (30) days' prior written notice to Landlord. Tenant shall promptly provide Landlord with written notice the other, and (iii) include, as attachments, originals of any change, cancellation or non-renewal of any insurance the Additional Insured endorsements to each's CGL policy required to be maintained by Tenant hereunderabove. Tenant Each party shall provide renewal certificates to Landlord the other at least thirty (30) days prior to expiration of such policies. Tenant’s Except as expressly provided to the contrary herein, coverage hereunder shall apply to events occurring during the policy year regardless of when a claim is made. Landlord or Tenant may periodically require that the other reasonably increase or expand the aforementioned coverage. Except as provided to the contrary herein, any insurance carried by Landlord or Subtenant shall be for the sole benefit of the party carrying such insurance. If Subtenant or Landlord obtains insurance under "blanket policies," such party, as applicable, shall obtain an endorsement providing that the insurance limits required hereunder are not subject to reduction or impairment by claims or losses at other locations. Except to the extent that the primary insurer hereunder is Landlord, Subtenant's insurance policies shall be primary to all policies of Landlord and any other additional insureds Additional Insureds (whose policies shall be deemed excess and non-contributory). All insurance required hereunder shall be provided by responsible insurers licensed in the Commonwealth of Pennsylvania, and shall have a general policy holder’s 's rating of at least A and a financial rating of at least X in the then current edition of Best’s 's Insurance Reports. The parties mutually hereby waive all rights and claims against each other for all losses covered by their respective insurance policies, and waive all rights of subrogation for of their respective insurers. The parties agree that their respective insurance policies are now, or shall be, endorsed such that said waiver of subrogation shall not affect the right of the insured to recover thereunder. Landlord disclaims The parties hereto disclaim any representations representation as to whether the foregoing coverages will be adequate to protect Tenantthe other, and Xxxxxx each agrees to carry such additional coverage as may be necessary or appropriate.

Appears in 1 contract

Samples: Office Sublease (Baker Michael Corp)

Certificates, Subrogation and Other Matters. Tenant shall provide Landlord with certificates evidencing the coverage required hereunder prior to the Commencement Date, or XxxxxxTenant’s entry to the Premises for construction of improvements or any other purpose (whichever first occurs). The Tenant’s insurance policies Such certificates shall state that such insurance coverage may not be materially changed, canceled or non-renewed without at least thirty (30) days’ prior written notice to Landlord. Tenant shall promptly provide Landlord with written notice of any change, cancellation or non-renewal of any insurance policy required to be maintained by Tenant hereunder. Tenant shall provide renewal certificates to Landlord at least thirty ten (3010) days prior to expiration of such policies. Tenant’s insurance policies shall be primary to all policies of Landlord and any other additional insureds (whose policies shall be deemed excess and non-contributorynoncontributory). All insurance required hereunder shall be provided by responsible insurers licensed in the Commonwealth of Pennsylvania, and shall have a general policy holder’s rating of at least A and a financial rating of at least X in the then current edition of Best’s Insurance Reports. The parties mutually hereby waive all rights and claims against each other for all losses covered by their respective insurance policies, and waive all rights of subrogation for their respective insurers. The parties agree that their respective insurance policies are now, or shall be, endorsed such that said waiver of subrogation shall not affect the right of the insured to recover thereunder. Landlord disclaims any representations as to whether the foregoing coverages will be adequate to protect Tenant, and Xxxxxx agrees to carry such additional coverage as may be necessary or appropriate.

Appears in 1 contract

Samples: Office Lease Agreement (Cognition Therapeutics Inc)

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