Common use of Compliance with Insurance Standards Clause in Contracts

Compliance with Insurance Standards. (a) Tenant shall not violate, or knowingly permit the violation of, any condition imposed by any insurance policy then issued in respect of the Project and shall not do, or knowingly permit anything to be done, or keep or knowingly permit anything to be kept in the Premises, which would increase any insurance rate in respect of the Project over the rate which would otherwise then be in effect or which would result in insurance companies of good standing refusing to insure the Project in the amounts required by any Superior Lessor or Superior Lessee, or which would directly and result in the cancellation of, or the assertion of any defense by the insurer in whole or in part to claims under, any policy of insurance in respect of the Project ; it being understood that the mere use of the Premises as expressly permitted under this Lease, and subject to compliance with Section 4.05 of this Lease, will not result in a violation of the provisions hereof. (b) If, directly, solely, and demonstrably by reason of any failure of Tenant to comply with this Lease, the premiums on Landlord’s insurance on the Project shall be higher than they otherwise would be, Tenant shall reimburse Landlord, within ten (10) Business Days following written demand, for that part of such premiums directly and solely attributable to such failure on the part of Tenant. A schedule or “make up” of rates for the Project or the Premises, as the case may be, issued by the New York Property Insurance Underwriting Association or any successor entity making rates for insurance for the Project or the Premises, as the case may be, shall be conclusive evidence of the facts therein stated and of the several items and charges in the insurance rate then applicable to the Project or the Premises, as the case may be.

Compliance with Insurance Standards. (a) Tenant shall not violate, or knowingly permit the violation of, any condition imposed by any insurance policy then issued in respect of the Project that would customarily cover a First Class Office Building and shall not do, or knowingly permit anything to be done, or keep or knowingly permit anything to be kept in the Premises, which would subject Landlord, any Superior Lessor or any Superior Mortgagee to any liability or responsibility for personal injury or death or property damage, or which would increase any insurance rate in respect of the Project over the rate which would otherwise then be in effect or which would result in insurance companies of good standing refusing to insure the Project in the amounts required by any Superior Lessor or Superior Lesseereasonably satisfactory to Landlord, or which would directly and result in the cancellation of, or the assertion of any defense by the insurer in whole or in part to claims under, any policy of insurance in respect of the Project ; it being understood Project. Landlord hereby agrees that the mere use of the Premises as expressly uses permitted under this Lease, and subject to compliance with Section 4.05 of this Lease, will 2.05 do not result in a violation of the provisions hereofviolate its insurance policies. (b) If, directly, solely, and demonstrably by reason of any failure of Tenant to comply with this Lease, the premiums on Landlord’s 's insurance on the Project shall be higher than they otherwise would be, Tenant shall reimburse Landlord, within ten twenty (1020) Business Days following written days of demand, for that part of such premiums directly and solely attributable to such failure on the part of Tenant. A schedule or “"make up” " of rates for the Project or the Premises, as the case may be, issued by the New York Property Fire Insurance Underwriting Association Rating Organization or any successor entity other similar body making rates for insurance for the Project or the Premises, as the case may be, shall be conclusive evidence of the facts therein stated and of the several items and charges in the insurance rate then applicable to the Project or the Premises, as the case may be.

Compliance with Insurance Standards. (a) Tenant shall not violate, or knowingly permit the violation of, any condition imposed by any insurance policy then issued in respect of the Project and shall not do, or knowingly permit anything to be done, or keep or knowingly permit anything to be kept in the Premises, which would subject Landlord, any Superior Lessor or any Superior Mortgagee to any liability or responsibility for personal injury or death or property damage, or which would increase any insurance rate in respect of the Project over the rate which would otherwise then be in effect or which would result in insurance companies of good standing refusing to insure the Project in the amounts required by any Superior Lessor or Superior Lesseereasonably satisfactory to Landlord, or which would directly and result in the cancellation of, or the assertion of any defense by the insurer in whole or in part to claims under, any policy of insurance in respect of the Project ; it being understood Project. Landlord hereby agrees that the mere use of the Premises as expressly uses permitted under this Lease, and subject to compliance with Section 4.05 of this Lease, will 2.05 do not result in a violation of the provisions hereofviolate its insurance policies. (b) If, directly, solely, and demonstrably by reason of any failure of Tenant to comply with this Lease, the premiums on Landlord’s 's insurance on the Project shall be higher than they otherwise would be, Tenant shall reimburse Landlord, within ten twenty (1020) Business Days following written days of demand, for that part of such premiums directly and solely attributable to such failure on the part of Tenant. A schedule or “"make up” " of rates for the Project or the Premises, as the case may be, issued by the New York Property Fire Insurance Underwriting Association Rating Organization or any successor entity other similar body making rates for insurance for the Project or the Premises, as the case may be, shall be conclusive evidence of the facts therein stated and of the several items and charges in the insurance rate then applicable to the Project or the Premises, as the case may be.

Compliance with Insurance Standards. (a) Neither Tenant nor any person claiming through or under Tenant, nor any of their respective agents, employees, contractors or invitees (so long as such invitees are in the Premises) shall not violate, or knowingly permit the violation of, violate any reasonable condition imposed by any insurance policy then issued in respect of the Project and or do or keep anything in the Premises (after Landlord shall have notified Tenant not doto do so) which would subject Landlord, any Superior Lessor or any Superior Mortgagee to any liability or responsibility for personal injury or death or property damage, or knowingly permit anything to be done, or keep or knowingly permit anything to be kept in the Premises, which would increase any insurance rate in respect of the Project over the rate which would otherwise then be in effect or which would result in insurance companies of good standing refusing to insure the Project in the amounts required by any Superior Lessor or Superior Lesseereasonably satisfactory to Landlord, or which would directly and result in the cancellation of, or the assertion of any defense by the insurer in whole or in part to claims under, any policy of insurance in respect of the Project; but nothing in this Section 7.01(a) shall be construed to prohibit Tenant's use of the Premises for the uses permitted under Section 1.05. Tenant shall not be responsible for any increased insurance rate in respect of the Project over the rate that would otherwise then be in effect, and this Section 7.01(a) shall not be construed to impose any liability on Tenant, in each case solely by reason of Tenant's use of the Premises for the purposes stated in Section 1.05; it being understood that provided, that, in the mere case of Tenant's use of the Premises as expressly permitted under this Leasea Cafeteria, Tenant complies with all Laws and subject the reasonable requirements of Landlord's insurer applicable to compliance with Section 4.05 of this Lease, will not result in a violation of the provisions hereofsuch use. (b) If, directly, solely, and demonstrably by reason as a direct result of any failure of Tenant to comply with this Lease, the premiums on Landlord’s 's insurance on the Project shall be higher than they otherwise would be, Tenant shall reimburse Landlord, within ten (10) Business Days following written 30 days after demand, for that part of such premiums directly and solely attributable to paid by reason of such failure on the part of Tenant, provided that said demand shall be accompanied by a statement from the insurer which shall expressly identify the specific act or activity of Tenant causing the increase in the insurance rate. A schedule or “"make up” " of rates for the Project or the Premises, as the case may be, issued by the New York Property Fire Insurance Underwriting Association Rating Organization or any successor entity other similar body making rates for insurance for the Project or the Premises, as the case may be, shall be conclusive presumptive evidence of the facts therein stated and of the several items and charges in the insurance rate then applicable to the Project or the Premises, as the case may be. (c) Notwithstanding anything to the contrary contained herein, Tenant shall not be liable for any increases in fire insurance premiums, unless Tenant shall have received not less than 120 days advance notice of the imposition of such increases, during which period Tenant may notify Landlord that Tenant desires Landlord to contest the imposition of such increases with Landlord's insurance company. If Tenant timely gives such notice to Landlord, Landlord shall vigorously contest the imposition of such increases with Landlord's insurance company. Pending the final determination of any such contest, Tenant shall not be required to pay any such disputed amount. If it is finally determined that Tenant is required to pay such disputed amount, Tenant shall pay the same, together with interest thereon at the Prime Rate (or the Interest Rate if Tenant is determined by an arbitration in accordance with Section 8.09 to have contested any such increase in insurance premiums in bad faith) from the date such disputed amounts were paid by Landlord through the date of payment by Tenant, within 30 days after demand therefor by Landlord. (d) Landlord, at Landlord's expense, shall maintain at all times during the Term, with a reputable insurance company licensed to do business in New York State and rated by Best's Insurance Reports or any successor publication of comparable standing as "A VIII" or better or the then equivalent of such rating, the following insurance: (i) commercial general liability insurance against all claims, demands or actions for injury to or death of person or property having a limit of not less than $25,000,000 per occurrence and/or in the aggregate, including products liability, contractual liability and independent contractors' coverage, arising from or related to, the conduct of Landlord, the operation of the Project and/or caused by the acts or omissions of Landlord, the managing agent for the Building and their respective employees; (ii) if there is a boiler or other similar refrigeration equipment or pressure object or other similar equipment in the Building, steam boiler, air conditioning and machinery insurance written on broad form basis with a limit of not less than the full replacement value of such equipment; (iii) "all-risk" insurance, to the extent of 100% of the replacement cost of the Building (including, without limitation, the Landlord Obligation Areas, but excluding the Premises, other than any Landlord Obligation Areas within the Premises, and all Tenant's Fixtures); and (iv) worker's compensation, disability and such other similar insurance covering all persons employed in connection with Landlord's Work and with respect to whom death or bodily injury claims could be asserted against Landlord, Tenant, the Premises or the Building. (e) Within 10 days after Landlord's receipt of notice from Tenant requesting same, Landlord shall give Tenant reasonable evidence that the insurance required to be carried by Landlord under Section 7.01(d) is in full force and effect.

Compliance with Insurance Standards. (a) Tenant shall not violate, or knowingly permit the violation of, any condition imposed by any insurance policy then issued in respect of the Project and shall not do, or knowingly permit anything to be done, or keep or knowingly permit anything to be kept in the Premises, which would subject Landlord, any Superior Lessor or any Superior Mortgagee to any liability or responsibility for personal injury or death or property damage, or which would increase any insurance rate in respect of the Project over the rate which would otherwise then be in effect or which would result in insurance companies of good standing refusing to insure the Project in the amounts required by any Superior Lessor or Superior Lesseereasonably satisfactory to Landlord, or which would directly and result in the cancellation of, or the assertion of any defense by the insurer in whole or in part to claims under, any policy of insurance in respect of the Project ; it being understood that the mere use of the Premises as expressly permitted under this Lease, and subject to compliance with Section 4.05 of this Lease, will not result in a violation of the provisions hereofProject. (b) If, directly, solely, and demonstrably by reason of (i) the use of the Premises or areas outside of the Premises (both inside and outside of the Building) by Tenant and its customers or invitees or (ii) any failure of Tenant to comply with this Lease, the premiums on Landlord’s insurance on the Project shall be higher than they otherwise would be, Tenant shall reimburse Landlord, within ten (10) Business Days following written on demand, for that part of such premiums directly and solely attributable to such failure on the part of Tenant. A schedule or “make up” of rates for the Project or the Premises, as the case may be, issued by the New York Property Fire Insurance Underwriting Association Rating Organization or any successor entity other similar body making rates for insurance for the Project or the Premises, as the case may be, shall be conclusive evidence of the facts therein stated and of the several items and charges in the insurance rate then applicable to the Project or the Premises, as the case may be.