Common use of – Counterpart/Insurance Clause in Contracts

– Counterpart/Insurance. (a) Tenant shall furnish Landlord with a counterpart (which may be a reproduced copy) of each sublease or assignment made hereunder within ten (10) days after the date of its execution. (b) No sublease shall be valid, and no subtenant shall take possession of the Demised Premises or any part thereof, until there has been delivered to Landlord, both (i) an executed counterpart of such sublease, and (ii) a certificate of insurance evidencing that (x) Landlord and its designees are additional insureds under the insurance policies required to be maintained by occupants of the Premises pursuant to Article 11, and (y) there is in full force and effect, the insurance otherwise required by Article 11.