Common use of Continuous Coverage Clause in Contracts

Continuous Coverage. Lessee was the owner of the Leased Property prior to the date of this Lease. Therefore, Lessee already has in place insurance with respect to the Leased Property. Lessee shall assure that there is no gap in the insurance coverage provided in connection with the Building at or after the Commencement Date, and therefore, the insurance provided by Lessee shall be continuous, with the types and amounts of coverage, described herein to be applicable on the Commencement Date. To the extent there is not full, complete and continuous coverage for all issues, no matter when arising, claimed or occurring, Lessee shall, at its sole cost, obtain such insurance.

Appears in 3 contracts

Samples: Lease (New York Bagel Enterprises Inc), Lease Agreement (New York Bagel Enterprises Inc), Lease Agreement (New York Bagel Enterprises Inc)

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Continuous Coverage. Lessee was the owner of the Leased Property prior to the date of this Lease. Therefore, Lessee already has in place insurance with respect to the Leased Property. Lessee shall assure that there is no gap in the insurance coverage provided in connection with the Building Facility at or after the Commencement Date, and therefore, the insurance provided by Lessee shall be continuous, with the types and amounts of coverage, described herein to be applicable on the Commencement Date. To the extent there is not full, complete and continuous coverage for all issues, no matter when arising, claimed or occurring, Lessee shall, at its sole cost, obtain such insurance.

Appears in 1 contract

Samples: Lease (Sterling House Corp)

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Continuous Coverage. Lessee was the owner operator of the Leased Property prior to the date of this Lease. Therefore, Lessee already has in place insurance with respect to the Leased Property. Lessee shall assure that there is no gap in the insurance coverage provided in connection with the Building Facility at or after the Commencement Date, and therefore, the insurance provided by Lessee shall be continuous, with the types and amounts of coverage, described herein to be applicable on the Commencement Date. To the extent there is not full, complete and continuous coverage for all issues, no matter when arising, claimed or occurring, Lessee shall, at its sole cost, obtain such insurance.

Appears in 1 contract

Samples: Lease (Alterra Healthcare Corp)

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