Coverage and Amount. During the Term, Tenant shall maintain policies of insurance at its sole cost and expense as follows:
Coverage and Amount. The District shall maintain or cause to be maintained rental income or use and occupancy insurance in an amount not less than the maximum remaining scheduled Lease Payments in any future 24-month period, to insure against loss of rental income from the Property caused by perils covered by the insurance required to be maintained as provided in Section 5.3 hereof. Notwithstanding the foregoing, rental interruption insurance will not be provided in connection with earthquake or flood events unless commercially available at a reasonable cost in the judgment of the District. Such rental interruption insurance shall name the Trustee and the Lessor as additionally insured parties and may not be provided in the form of self-insurance.
Coverage and Amount. Except as set forth in this Section 4.2(a), RIDA shall not be required to maintain any rental interruption insurance with respect to the Facility for the City’s lost rental income under this Sublease or the JEPA’s lost rental income under the Facility Lease (“Facility Lease Lost Rental Income Insurance”). If the City requests that RIDA procures and maintains Facility Lease Lost Rental Income Insurance, then RIDA shall use commercially reasonable efforts to procure such Facility Lease Lost Rental Income Insurance in accordance with this Section 4.2(a) so long as procuring or maintaining such Facility Lease Lost Rental Income Insurance does not adversely affect any other insurance that RIDA maintains in connection with the Resort Hotel or the Convention Center, including any insurance that RIDA is required to procure and maintain pursuant to any Convention Center Lease, the Project Implementation Agreement, the Ground Lease or any documentation that evidences or secures any Financing Transaction (as defined in the Ground Lease) or any Financing Transaction (“RIDA Baseline Insurance”), it being understood that RIDA may intend to procure some or all of the RIDA Baseline Insurance through a program managed by the Hotel Operator or an affiliate of the Hotel Operator, and RIDA may determine in its reasonable discretion that procuring the RIDA Baseline Insurance other than through such program would have an adverse effect on the RIDA Baseline Insurance. RIDA shall request proposals for Facility Lease Lost Rental Income Insurance after the City requests that RIDA do so, and shall present such proposals to the City for its consideration. If and as needed, RIDA and the City shall meet and confer regarding such proposals. The Parties understand that it may be most efficient for RIDA to procure Facility Lease Lost Rental Income Insurance in conjunction with the RIDA Baseline Insurance. If (i) the City, in its reasonable discretion, selects a proposal for the procurement of such Facility Lease Lost Rental Income Insurance and (ii) RIDA (A) determines that procuring such Facility Lease Lost Rental Income Insurance will not adversely affect any RIDA Baseline Insurance (including RIDA’s ability to procure RIDA Baseline Insurance) or (B) determines in its sole discretion to procure such Facility Lease Lost Rental Income Insurance, then RIDA shall procure such Facility Lease Lost Rental Income Insurance for the applicable policy period (assuming that such Facility Lease Lost...
Coverage and Amount. Tenant covenants and agrees to pay to Landlord, as additional rent, during the Term of this Lease its pro rata share, to be calculated as hereinafter provided, of premiums for insurance to be procured by Landlord, insuring Landlord, the coverage to be as follows:
Coverage and Amount. The Lessee shall maintain or cause to be maintained, rental income or use and occupancy insurance in an amount not less than the maximum Lease Payments payable in any one year period (calculated based upon the maximum principal component hereunder as provided in Exhibit A and an interest rate as provided in Exhibit A hereto), to insure against abatement of Lease Payments caused by perils covered by the insurance required to be maintained as provided in Section 4.1 hereof.
