Common use of DAMAGE AND DESTRUCTION OF PREMISES Clause in Contracts

DAMAGE AND DESTRUCTION OF PREMISES. (a) Landlord shall at all times during the term of this Lease carry property insurance on the building containing the Premises, including the “Structural Portions” (defined in Section 24(a) below) and common utility lines up to the point they serve individual tenant’s premises. Landlord shall be under no obligation to maintain insurance on any improvements installed by or for the benefit of Tenant’s use of the premises or otherwise owned by Tenant. Landlord may elect to self-insure its obligations hereunder and/or use whatever deductibles as Landlord deems appropriate, in its sole discretion.

DAMAGE AND DESTRUCTION OF PREMISES. (a) Landlord shall at all times during the term of this Lease carry property insurance on the building containing the Premises, including the “"Structural Portions” " (defined in Section 24(a) below) and common utility lines up to the point they serve individual tenant’s 's premises. Landlord shall be under no obligation to maintain insurance on any improvements installed by or for the benefit of Tenant’s 's use of the premises or otherwise owned by Tenant. Landlord may elect to self-insure its obligations hereunder and/or use whatever deductibles as Landlord deems appropriate, in its sole discretion.