Conditions of Insurance Policies Clause Samples
Conditions of Insurance Policies. All of the Tenant's insurance policies relating to the Premises shall name the Landlord and/or the Tenant, as the case may be, and any other person which the Landlord may designate, as an additional insured person. Each comprehensive general public liability insurance policy shall contain a severance of interests clause or a cross-liability clause between the Landlord and the Tenant. All other policies referred to above shall contain a waiver of subrogation rights which the insurers of the Landlord or the Tenant may have against the Landlord or the Tenant, the insurers of the Landlord or the Tenant and the persons under the care and control of the Landlord and the Tenant. The Landlord or the Tenant, as the case may be, shall furnish to the other party certificates attesting to the issuance and maintenance in force of all insurance policies required hereunder as well as the renewals thereof; if a party requests same, the other party shall also provide the other with a copy of the policy requested.
Conditions of Insurance Policies. Such insurance policy or policies shall be in forms and in amount satisfactory to the Landlord, and shall be placed in the names of the Tenant, the Landlord and every mortgagee of the Leased Premises of which Tenant has been notified and be with an insurance company or companies reasonably satisfactory to the Landlord and every such mortgagee. The Tenant shall promptly furnish to the Landlord and every such mortgagee certificates of such policies and their renewals. The Tenant shall instruct its insurers to endorse all such policies to provide that in the event of any change in them which would effect the Landlord, or and such mortgagee or in the event of their cancellation, the insurer will give notice to the Landlord and every such mortgagee of which Tenant has been notified to that effect, pursuant to Part 20 of this Lease, thirty (30) days prior to the effective date of such cancellation. Notwithstanding anything contained in the Lease, all insurance policies taken out by the Landlord or the Tenant pursuant to the Lease shall contain a waiver of any subrogation rights which the insured’s insurer may have against the Tenant of the Landlord and against those for whom either party is responsible in law, whether such damage is caused by the act, omission or negligence of the other party or those for whom it is in law responsible and all public liability and legal liability policies of the insured will include the other party and those for whom it is responsible in law as additional insured with a cross liability and severability of interest clause.