Comprehensive Liability Insurance. Tenant shall, at its cost and expense, at all times, maintain in force, for the joint benefit of Landlord and Tenant, and any Leasehold Mortgagee a broad form comprehensive coverage policy of public liability insurance issued by a carrier licensed to do business in the State of Nebraska with a Best's Insurance Guide Rating of A-, by the terms of which Landlord, Tenant and any Leasehold Mortgagee are named as insureds. The insurance policy or polices shall be maintained on the minimum basis of $1,000,000.00 for damage to property and for bodily injury or death as to any person, and $3,000,000.00 as to any one accident. Landlord reserves the right to require reasonable increases in the limits of coverage from time to time during the Term, and the requested increases will be deemed reasonable if they are consistent with commercially reasonable practices for similar projects in the same geographic area. The insurance policy or policies shall be stated to be primary and noncontributing with any insurance which may be carried by Landlord. If requested in writing by Xxxxxxxx, a certificate of insurance, together with proof of payment of the premium thereof shall be delivered to Landlord prior to the commencement of construction of the Building, and renewal certificates and proof of payment of premium therefor shall be delivered to Landlord not less than thirty (30) days prior to the renewal date of any such insurance policies during the Term. The insurance shall be cancelable only after thirty (30) days' prior written notice to Landlord and Tenant and any Leasehold Mortgagee. If Tenant fails to timely pay any premium when due, Landlord shall be authorized to do so, and may charge all costs and expenses thereof, including the premium, to Tenant, to be paid by Xxxxxx as additional rent hereunder. Tenant may maintain self-insurance for all or part of the public liability insurance required hereunder so long as the coverage provided either through self-insurance or insurance or some combination of the two that equals or exceeds the scope of coverage required hereunder. Evidence of Self Insurance. Tenant, shall annually or at the request of the Landlord provide evidence that it is self-insured for liability equal to the minimum basis set forth above in section 11.
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Comprehensive Liability Insurance. Tenant shall, at its cost and expense, at all times, maintain in force, for the joint benefit of Landlord and Tenant, and any Leasehold Mortgagee a broad form comprehensive coverage policy of public liability insurance issued by a carrier licensed to do business in the State of Nebraska with a Best's Insurance Guide Rating of A-, by the terms of which Landlord, Tenant and any Leasehold Mortgagee are named as insureds. The insurance policy or polices shall be maintained on the minimum basis of $1,000,000.00 for damage to property and for bodily injury or death as to any person, and $3,000,000.00 as to any one accident. Landlord reserves the right to require reasonable increases in the limits of coverage from time to time during the Term, and the requested increases will be deemed reasonable if they are consistent with commercially reasonable practices for similar projects in the same geographic area. The insurance policy or policies shall be stated to be primary and noncontributing with any insurance which may be carried by Landlord. If requested in writing by XxxxxxxxLandlord, a certificate of insurance, together with proof of payment of the premium thereof shall be delivered to Landlord prior to the commencement of construction of the Building, and renewal certificates and proof of payment of premium therefor shall be delivered to Landlord not less than thirty (30) days prior to the renewal date of any such insurance policies during the Term. The insurance shall be cancelable only after thirty (30) days' prior written notice to Landlord and Tenant and any Leasehold Mortgagee. If Tenant fails to timely pay any premium when due, Landlord shall be authorized to do so, and may charge all costs and expenses thereof, including the premium, to Tenant, to be paid by Xxxxxx Tenant as additional rent hereunder. Tenant may maintain self-insurance for all or part of the public liability insurance required hereunder so long as the coverage provided either through self-insurance or insurance or some combination of the two that equals or exceeds the scope of coverage required hereunder. Evidence of Self Insurance. Tenant, Tenant shall annually or at the request of the Landlord provide evidence that it is self-insured for liability equal to the minimum basis set forth above in section 11.
Appears in 2 contracts
Samples: Secondary Sub Lease, Secondary Sub Lease
Comprehensive Liability Insurance. Tenant shall, at its cost and expense, at all timestimes during the Term, maintain in force, for the joint benefit of Landlord and Tenant, and any Leasehold Mortgagee holder of a mortgage on the Ground Leased Premises, a broad form comprehensive coverage policy of public liability insurance issued by a carrier satisfactory to Landlord and licensed to do business in the State of Nebraska North Carolina with a Best's βs Insurance Guide Rating of A-A+, by the terms of which LandlordLandlord and Tenant, Tenant and any Leasehold Mortgagee holder of a mortgage on the Ground Leased Premises, are named as insuredsinsureds and are indemnified against liability for damage or injury to the property or person (including death) of any tenant (including Tenant), its invitee or any other person entering upon or using the Ground Leased Premises, or any structure thereon or any part thereof. The Such insurance policy or polices policies shall be maintained on the minimum basis with single limit coverage of $1,000,000.00 for damage to property and for bodily injury or death as to any person5,000,000.00, and with a deductible not exceeding $3,000,000.00 as to any one accident100,000.00. Landlord reserves the right to require reasonable increases in the limits of coverage from time to time during the Term, and the requested increases will be deemed reasonable if they are consistent with commercially reasonable practices for similar projects in the same geographic area. The Such insurance policy or policies shall be stated to be primary and noncontributing with any insurance which may be carried by Landlord. If requested in writing by Xxxxxxxx, a A certificate of insurance, together with proof of payment of the premium thereof shall be delivered to Landlord prior to on the commencement of construction of Lease Commencement Date, effective from and after the BuildingLease Commencement Date, and renewal certificates and proof of payment of premium therefor shall be delivered to Landlord not less than thirty fifteen (3015) days prior to the renewal date of any such insurance policies during the Term and any Extended Term. The Such insurance shall be cancelable only after thirty (30) days' β prior written notice to Landlord and Tenant Tenant, and any Leasehold Mortgageeholder of a mortgage on the Ground Leased Premises. If In the event Tenant fails to timely pay any premium when due, Landlord shall be authorized to do so, and may charge all costs and expenses thereof, including the premium, premium and interest at the maximum rate allowed by law to Tenant, to be paid by Xxxxxx Tenant as additional rent hereunder. Tenant may maintain self-insurance for all or part of the public liability insurance required hereunder so long as the coverage provided either through self-insurance or insurance or some combination of the two that equals or exceeds the scope of coverage required hereunder. Evidence of Self Insurance. Tenant, shall annually or at the request of the Landlord provide evidence that it is self-insured for liability equal to the minimum basis set forth above in section 11.
Appears in 2 contracts
Samples: Lease Agreement, Lease Agreement (Health Management Associates Inc)
Comprehensive Liability Insurance. Tenant Lessee shall, at its cost and expense, at all timestimes during the Term, maintain in force, for the joint benefit of Landlord Lessor and TenantLessee, and any Leasehold Mortgagee holder of a mortgage on the Ground Leased Premises, a broad form comprehensive coverage policy of public liability insurance issued by a carrier satisfactory to Lessor and licensed to do business in the State of Nebraska Arizona with a Best's Insurance Guide Rating of A-A+, by the terms of which LandlordLessor and Lessee, Tenant and any Leasehold Mortgagee holder of a mortgage on the Ground Leased Premises, are named as insuredsinsureds and are indemnified against liability for damage or injury to the property or person (including death) of any Lessee, Its invitee or any other person entering upon or using the Ground Leased Premises, or any structure thereon or any part thereof. The Such insurance policy or polices policies shall be maintained on the minimum basis of $1,000,000.00 for 5,000,000 per occurrence with respect to bodily injury, death, property damage and personal injury, or such lesser amount as may be permitted from time to property and for bodily injury or death as time pursuant to any personapplicable mortgage requirements with respect to the Ground Leased Premises, and but in no event less than $3,000,000.00 as to any one accident1,000,000. Landlord Lessor reserves the right to require reasonable increases in the limits of coverage from time to time during the Term, ; and the requested increases increase will be deemed reasonable if they are consistent with commercially reasonable practices for similar projects in the same geographic area. The Such insurance policy or policies shall be stated to be primary and noncontributing with any insurance which may be carried by LandlordLessor. If requested in writing by Xxxxxxxx, a A certificate of said insurance, together with proof of payment of the premium thereof shall be delivered to Landlord prior to Lessor on the commencement of construction of Lease Commencement Date, effective from and after the BuildingLease Commencement Date, and renewal certificates and proof of payment of premium therefor shall be delivered to Landlord Lessor not less than thirty fifteen (3015) days prior to the renewal date of any such insurance policies during the Term. The Such insurance shall be cancelable only after thirty (30) days' prior written notice to Landlord Lessor and Tenant Lessee, and any Leasehold Mortgageeholder of a mortgage on the Ground Leased Premises. If Tenant In the event Lessee fails to timely pay any premium when due, Landlord Lessor shall be authorized to do so, and may charge all costs and expenses thereof, including the premium, to TenantLessee, to be paid by Xxxxxx Lessee as additional rent hereunder. Tenant may maintain self-insurance for all or part of the public liability insurance required hereunder so long as the coverage provided either through self-insurance or insurance or some combination of the two that equals or exceeds the scope of coverage required hereunder. Evidence of Self Insurance. Tenant, shall annually or at the request of the Landlord provide evidence that it is self-insured for liability equal to the minimum basis set forth above in section 11.
Appears in 1 contract
Samples: Escrow Agreement (Windrose Medical Properties Trust)
Comprehensive Liability Insurance. Tenant shall, at its cost and expense, at all timestimes during the Term, maintain in force, for the joint benefit of Landlord and Tenant, and any Leasehold Mortgagee holder of a mortgage on the Building, a broad form comprehensive coverage policy of public liability insurance issued by a carrier satisfactory to Landlord and licensed to do business in the State of Nebraska Florida with at least a Best's Insurance Guide Rating of A-, B+ or better,by the terms of which Landlord and Tenant, and at Landlord's request any holder of a mortgage on Landlord's interest in the Building, Tenant and any Leasehold Mortgagee are named as insuredsinsureds and are indemnified against liability for damage or injury to the property or person (including death) of Tenant, any of its invitees or any other person entering upon or using the Leased Premises, or any structure thereon or any part thereof. The Such insurance policy or polices policies shall be maintained on in an amount no less than as set forth in the minimum basis of BLI Rider, with a deductible not exceeding $1,000,000.00 for damage to property and for bodily injury or death as to any person, and $3,000,000.00 as to any one accident5,000.00. Landlord reserves the right to require reasonable increases in the limits of coverage within the period of thirty (30) days prior to or following annual renewal of the policy from time to time during the Term, and the requested increases will be deemed reasonable if they are consistent with commercially reasonable practices for similar projects in the same geographic area. The Such insurance policy or policies shall be stated to be primary and noncontributing with any insurance which may be carried by Landlord. If requested in writing by Xxxxxxxx, a A certificate of insurance, together with proof of payment of the premium thereof said insurance shall be delivered to Landlord prior to on the commencement of construction of Commencement Date, effective from and after the BuildingCommencement Date, and renewal certificates and proof of payment of premium therefor shall be delivered to Landlord not less later than thirty seven (307) days prior to following the renewal date binding of any such insurance policies during the Term and any Extended Term. The Such insurance shall be cancelable only after thirty (30) days' prior written notice to Landlord and Tenant Tenant, and any Leasehold Mortgageeholder of a mortgage on the Leased Premises. If In the event Tenant fails to timely pay any premium when due, Landlord shall be authorized to do so, and may charge all costs and expenses thereof, including the premium, to Tenant, to be paid by Xxxxxx Tenant as additional rent hereunder. Tenant may maintain self-insurance for all or part of the public liability insurance required hereunder so long as the coverage provided either through self-insurance or insurance or some combination of the two that equals or exceeds the scope of coverage required hereunder. Evidence of Self Insurance. Tenant, shall annually or at the request of the Landlord provide evidence that it is self-insured for liability equal to the minimum basis set forth above in section 11.
Appears in 1 contract
Comprehensive Liability Insurance. Tenant shall, at its cost and expense, at all times, maintain in force, for the joint benefit of Landlord and Tenant, and any Leasehold Mortgagee a broad form comprehensive coverage policy of public liability insurance issued by a carrier licensed to do business in the State of Nebraska with a Best's Insurance Guide Rating of A-, by the terms of which Landlord, Tenant and any Leasehold Mortgagee are named as insureds. The insurance policy or polices shall be maintained on the minimum basis of $1,000,000.00 for damage to property and for bodily injury or death as to any person, and $3,000,000.00 as to any one accident. Landlord reserves the right to require reasonable increases in the limits of coverage from time to time during the Term, and the requested increases will be deemed reasonable if they are consistent with commercially reasonable practices for similar projects in the same geographic area. The insurance policy or policies shall be stated to be primary and noncontributing with any insurance which may be carried by Landlord. If requested in writing by XxxxxxxxLandlord, a certificate of insurance, together with proof of payment of the premium thereof shall be delivered to Landlord prior to the commencement of construction of the Building, and renewal certificates and proof of payment of premium therefor shall be delivered to Landlord not less than thirty (30) days prior to the renewal date of any such insurance policies during the Term. The insurance shall be cancelable only after thirty (30) days' prior written notice to Landlord and Tenant and any Leasehold Mortgagee. If Tenant fails to timely pay any premium when due, Landlord shall be authorized to do so, and may charge all costs and expenses thereof, including the premium, to Tenant, to be paid by Xxxxxx Tenant as additional rent hereunder. Tenant may maintain self-insurance for all or part of the public liability insurance required hereunder so long as the coverage provided either through self-insurance or insurance or some combination of the two that equals or exceeds the scope of coverage required hereunder. Evidence of Self Insurance. Tenant, shall annually or at the request of the Landlord provide evidence that it is self-insured for liability equal to the minimum basis set forth above in section 11.
Appears in 1 contract
Samples: Sub Lease