Compliance with Legal Requirements and Insurance Requirements Clause Samples
This clause requires parties to adhere to all applicable laws and maintain any insurance coverage mandated by those laws or the contract itself. In practice, it obligates each party to ensure their operations, services, or products comply with relevant regulations and to obtain and keep in force any necessary insurance policies, such as liability or workers’ compensation insurance. The core function of this clause is to minimize legal and financial risks by ensuring that all parties operate within the law and are adequately insured against potential liabilities.
Compliance with Legal Requirements and Insurance Requirements. Subject to the terms of Article XIII relating to permitted contests, Lessee, at its sole cost and expense, shall (i) comply with all material Legal Requirements (including without limitation all Environmental Laws), and all Insurance Requirements relating to the Properties, including the use, development, construction, operation, maintenance, repair, refurbishment and restoration thereof, whether or not compliance therewith shall require structural or extraordinary changes in the Improvements or interfere with the use and enjoyment of any Property, and (ii) procure, maintain and comply with all material licenses, permits, orders, approvals, consents and other authorizations required for the construction, use, maintenance and operation of any Property and for the use, development, construction, operation, maintenance, repair and restoration of the Improvements.
Compliance with Legal Requirements and Insurance Requirements. Subject to the terms of Article XIII relating to permitted contests, Lessee, at its sole cost and expense, shall (i) comply with all Legal Requirements (including without limitation all Environmental Laws), and all Insurance Requirements relating to the Properties, including the use, development, construction, operation, maintenance, repair, refurbishment and restoration thereof, whether or not compliance therewith shall require structural or extraordinary changes in the Improvements or interfere with the use and enjoyment of the Properties, and (ii) procure, maintain and comply with all licenses, permits, orders, approvals, consents and other authorizations required for the construction, use, maintenance and operation of the Properties and for the use, development, construction, operation, maintenance, repair and restoration of the Improvements.
Compliance with Legal Requirements and Insurance Requirements. 13.1 Except as otherwise may be expressly provided in this Lease, Tenant, at its expense, shall comply with all present or future Legal Requirements and with any direction made or claimed to be made pursuant to law by any public officer or officers regarding the Premises, the use or occupation thereof or arising from conditions which have been created by or at the instance of Tenant whether or not such compliance involves structural repairs or changes or that same shall be required on account of any particular use to which the Premises or any part thereof may be put and without regard to whether any such Legal Requirement or order be of a kind now within the contemplation of the parties hereto. However, if any Alteration or change shall be required to comply with the foregoing and same would diminish the value of the Premises, change the general plan or character of the Premises, or involve a structural Alteration, Tenant shall first give written notice thereof to Landlord so that Landlord if so advised may apply for modification of the requirements or seek appropriate relief with respect thereto.
13.2 Tenant shall not be entitled to any abatement, diminution or reduction of the fixed annual rent or additional rent reserved herein for any inconvenience, interruption, cessation or loss of business or otherwise caused directly or indirectly by any present or future Legal Requirement, or by priorities, rationing or curtailment of labor or materials, or by war, civil commotion, strikes or riots, or any matter or thing resulting therefrom, or by any other cause or causes beyond the control of Landlord, nor shall this Lease be affected by any such causes.
13.3 Tenant shall not do or permit to be done any act or thing upon the Premises which will invalidate or be in conflict with the terms of any fire and casualty insurance policies covering the Premises and the fixtures and property therein. Tenant, at its own expense, shall comply with all present and future Insurance Requirements, and shall not knowingly do or permit to be done in or upon the Premises or bring or keep anything therein or use the same in a manner which could result in denial of such fire and casualty insurance coverage.
Compliance with Legal Requirements and Insurance Requirements. The operation, use and physical condition of the Property comply in all material respects with the Insurance Requirements and Lessee will not do or knowingly permit any act or thing which is contrary in any material respect to any Legal Requirements, or which would impair in any material respect, other than in the normal use thereof, the value or usefulness of any Property; provided, in each case, that Lessee shall not be required to comply with any Legal Requirements if (a) in the case of Legal Requirements with respect to laws affecting the environment, Lessee acts diligently to cure such non-compliance upon becoming aware of it and (b) in every case, such non-compliance, individually or in the aggregate, (i) shall not involve any material danger that any Property would be subject to sale, forfeiture or loss, as a result of failure to comply therewith, (ii) could not reasonably be expected to cause either Brazos or any Assignee to incur (x) civil liability for which Brazos and any Assignee are not adequately indemnified (Lessee's obligations under ARTICLE X of this Ground Lease shall be deemed to be adequate indemnification if no Event of Default, Event of Property Termination, Potential Default or Potential Property Termination exists and if such civil liability is reasonably likely to be less than $100,000 per Property and $1,000,000 in the aggregate), or (y) any criminal liability as a result of failure to comply therewith, (iii) is permitted under the provisions of the Acquired Ground Lease, if any, on such Property, and (iv) is consistent with business practices normal in the industry of Lessee or the practices of Lessee with respect to properties owned by Lessee.
Compliance with Legal Requirements and Insurance Requirements. The operation, use and physical condition of the Property and Equipment are in full compliance with all Legal Requirements and Insurance Requirements, except any Legal Requirements, the non-compliance with which, individually or in the aggregate, (i) will not place either the Lessor or any Assignee in any danger of any monetary civil liability for which the Lessor or any Assignee is not adequately indemnified (the Lessee's obligations under Section 11 of this Lease shall be deemed to be adequate indemnification if no Event of Default exists) or any other material civil liability or penalty or subject the Lessor or any Assignee to any criminal liability as a result of a failure to comply therewith and (ii) will not result in a material diminution in the value of any Property or Equipment or in any material risk of the loss, sale or forfeiture or loss of use of any thereof.
Compliance with Legal Requirements and Insurance Requirements. Subject to the terms of Article XIII relating to permitted contests, Lessee, at its sole cost and expense, shall (a) comply with all Legal Requirements (including all Environmental Laws), Insurance Requirements and tax reporting relating to the Property, including the use, construction, operation, maintenance, repair and restoration thereof, whether or not compliance therewith shall require structural or extraordinary changes in the Improvements or interfere with the use and enjoyment of the Property, and (b) procure, maintain and comply in all material respects with all licenses, permits, orders, approvals, consents and other authorizations required for the construction, renovation, use, maintenance and operation of the Property and for the use, operation, maintenance, repair and restoration of the Improvements; provided that costs incurred by the Lessee during the Construction Period under this Section 9.1 shall be reimbursable as Project Costs through Advances, subject to the terms and conditions of the Operative Agreements.
Compliance with Legal Requirements and Insurance Requirements. The construction, operation, use, and physical condition of the Project are in full compliance with all Legal Requirements and Insurance Requirements and all premiums due with respect to such Insurance Requirements have been paid.
Compliance with Legal Requirements and Insurance Requirements. The construction, operation, use, and physical condition of each Unit Premises, the Unit Improvements, Unit and item of Unit FF&E comply with all Legal Requirements and Insurance Requirements; except any Legal Requirements, the non-compliance with which, individually or in the aggregate, (i) will not place either Owner or any Assignee in any danger of any monetary civil liability which Owner or any Assignee is not adequately indemnified for (Agent's obligations under Section 12 of this Agreement shall be deemed to be adequate indemnification if no Event of Default exists) or any other material civil liability or penalty or subject Owner or any Assignee to any criminal liability as a result of a failure to comply therewith and (ii) will not result in a material diminution in the value of any Unit Premises,
Compliance with Legal Requirements and Insurance Requirements. Lessee shall comply, or will cause all persons claiming by, through or under Lessee, promptly to comply, with all laws, statutes and ordinances (including, without limitation, all building codes, wetlands and zoning regulations and ordinances) and the orders, rules, regulations, directives and requirements of all federal, state, county, city and borough departments, bureaus, boards, agencies, offices, commissions and other subdivisions thereof, or of any official thereof, or of any other governmental, public or quasi-public authority or any other body hereafter constituted exercising similar functions, whether now or hereafter in force, which may be applicable to the Demised Premises, the Improvements or any landscaped areas or the sidewalks, roadways, streets, curbs and vaults at or adjoining the Demised Premises or to the use or manner of use of the Demised Premises or the Improvements (collectively, “Legal Requirements”). Lessee shall likewise observe and comply or commence and diligently pursue compliance with all requirements of all policies of liability, fire and all other policies of insurance at any time in force with respect to the Demised Premises, the Improvements and the landscaped areas, sidewalks, curbs and vaults at or adjoining the Demised Premises or to the use or manner of use of the Demised Premises or the Improvements and all requirements of the issuers of any such policies and all orders, rules, regulations, recommendations and other requirements of the applicable Board of Fire Underwriters or the Insurance Service Office or any other body exercising the same or similar functions and having jurisdiction over the Demised Premises (collectively, the “Insurance Requirements”).
Compliance with Legal Requirements and Insurance Requirements. The construction, operation, use, and physical condition of each Unit Premises, the Unit Improvements, Unit, and item of Unit FF&E comply with all Legal Requirements and Insurance Requirements.