Common use of Compliance with Laws; Insurance Clause in Contracts

Compliance with Laws; Insurance. DevCo shall cause each Tenant to promptly (i) comply with all Laws regarding the use, operation, maintenance, repair, restoration and Redevelopment of the Leased Property whether or not compliance therewith may require structural changes in any of the Improvements or interfere with the use and enjoyment of the Leased Property, (ii) procure, maintain and comply with all Governmental Approvals and (iii) keep the Leased Property, and all property located in or on such Leased Property, including all fixtures and personal property, insured with the kinds and amounts of insurance described in the applicable Master Lease. DevCo shall pay or cause to be paid all premiums for the insurance coverage required to be maintained by Tenants under the Master Leases.

Appears in 4 contracts

Samples: Master Leasing Agreement (Aimco OP L.P.), Master Leasing Agreement (Aimco Properties L.P.), Master Leasing Agreement (Aimco OP L.P.)

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