Damage Not Covered by Insurance Sample Clauses

Damage Not Covered by Insurance. Proceeds‌ Casualty damage to Airport property which exceeds the proceeds of insurance, or is not covered by insurance, or is below the deductible of the insurance, which property must be rebuilt or replaced in order to satisfy Port obligations or to maintain required Revenues.
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Damage Not Covered by Insurance. If the Premises is damaged or destroyed by fire or other peril not covered by hazard insurance, Landlord may, at its sole option: (i) commence repair and reconstruction of the Premises, in which event the Lease shall continue in full force and effect and the Rent payable hereunder shall not xxxxx during such repair and restoration, except for an equitable adjustment of the Basic Rent to DocuSign Envelope ID: 3A472526-95BF-43A4-81B Authentisign ID: CC21F2BE-27E9-4956-B068-A668CEE7D706 C reflect space that is not usable to Tenant during the repair; or (ii) elect to terminate the Lease by providing Tenant with written notice of such termination within thirty (30) days after the date of such damage or destruction, which notice shall specify a termination date not less than thirty (30) days after the giving of such notice. If the cause of the fire or other peril is the negligence of Tenant or Tenant’s employees, agents, licensees or invitees, Tenant shall be responsible for the costs of any repairs and reconstruction.
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Damage Not Covered by Insurance. If the Premises are totally or substantially destroyed by a risk not covered by and not required to be covered by insurance, then either Party may at its option elect to terminate this Lease by giving written notice to the other Party within fifteen (15) days after determining the replacement cost; provided, however, that in such event this Lease shall not terminate if the non- terminating Party shall, within thirty (30) days after receipt of such notice give written notice to the terminating Party of its election to cause the repair and restoration of the Premises, as applicable, at its cost. In such event, the Party electing to cause the repair and restoration shall, at its sole expense, provide the funds necessary therefore and shall thereafter promptly and diligently repair and restore the Premises. Each Party agrees in such event to assign all insurance proceeds to the Party electing to make the repairs. As used herein, the term “
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Damage Not Covered by Insurance. (a) If the Vehicle is Damaged whilst under your control and the Damage is not covered by the Vehicle Insurance, you must pay the following to us:
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Damage Not Covered by Insurance. If, during the term of this Lease, Tenant's Building or any other improvements located on the Leased Land shall be damaged or destoyed by a clause or casualty not covered by the insurance Tenant is required to maintain pursuant to Article 14 hereinabove to the extent of twenty-five percent (25%) or more of the monetary value thereof, then by written notice to Tenant within thrity (30) days after the date of such damage or destruction, Xxxdlord may elect to terminate this Lease. However, if Landlord gives notice of termination to Tenant, this Lease shall not be so terminated if the Tenant shall, within thirty (30) days after receipt of such notice, give written notice to Landlord of Tenant's Building and improvements. In such event, Tenant shall, at its sole expense, provide the funds necessary therefor and shall thereafter promptly and diligently repair and restore the Leased Premises to the same extent required in section 14.1
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Damage Not Covered by Insurance. If, during the initial term of this lease or any extension thereof, the leased premises shall be damaged or destroyed by a cause or casualty not covered by the insurance Tenant is required to maintain pursuant to Section 14 hereinabove to the extent of thirty percent (30%) or more of the monetary value thereof, then by written notice to the other party within thirty (30) days after the date of such damage or destruction either party may elect to terminate this lease or to cause the repair and restoration of the premises at the sole cost and expense to the party electing to cause such repair or restoration. However, if either party gives notice of termination to the other, this lease shall not be so terminated if the other party shall, within thirty (30) days after receipt of such notice, give written notice to the terminating party of said other party's election to cause the repair and restoration of the leased premises. The party electing to cause the repair and restoration shall, at its sole expense, provide the funds necessary therefor and shall thereafter promptly and diligently repair and restore the leased premises to the same extent required in Section 15.1
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Related to Damage Not Covered by Insurance

  • General Liability Insurance The Contractor must secure and maintain Commercial General Liability Insurance, including bodily injury, property damage, products, personal and advertising injury, and completed operations. This insurance must provide coverage for all claims that may arise from performance of the Contract or completed operations, whether by the Contractor or anyone directly or indirectly employed by the Contractor. Such insurance must include the State of Florida as an additional insured for the entire length of the resulting contract. The Contractor is responsible for determining the minimum limits of liability necessary to provide reasonable financial protections to the Contractor and the State of Florida under the resulting contract.

  • LESSEE'S LIABILITY INSURANCE (fill in) The LESSEE shall maintain with respect to the leased premises and the property of which the leased premises are a part comprehensive public liability insurance in the amount of $1,000,000.00 with property damage insurance in limits of $1,000,000.00 in responsible companies qualified to do business in Massachusetts and in good standing therein insuring the LESSOR as well as LESSEE against injury to person or damage to property as provided. The LESSEE shall deposit with the LESSOR certificates for such insurance at or prior to the commencement of the term, and thereafter within thirty (30) days prior to the expiration of any such policies. All such insurance certificates shall provide that such policies shall not be cancelled without at least ten (10) days prior written notice to each assured named therein.

  • Automobile Liability Insurance Automobile Liability insurance covering bodily injury and property damage in an amount no less than one million dollars ($1,000,000) combined single limit for each occurrence. Covered vehicles shall include owned, non-owned, and hired automobiles/trucks.

  • Boiler and Machinery Insurance The Owner shall have the option of purchasing and maintaining boiler and machinery insurance required by the Contract Documents or by law, which shall specifically cover such insured objects during installation and until final acceptance by the Owner. If purchased this insurance shall include interests of the Owner, Contractor, Subcontractors and Sub-subcontrators in the Work.

  • Comprehensive General Liability Insurance The Lessee shall procure and maintain a valid Comprehensive General Liability Insurance indemnifying the Lessor with minimum coverage of $ for personal injury and $ for damage to property.

  • Liability Insurance To the extent the Company maintains an insurance policy or policies providing directors' and officers' liability insurance, Indemnitee shall be covered by such policy or policies, in accordance with its or their terms, to the maximum extent of the coverage available for any Company director or officer.

  • Tenant’s Liability Insurance Tenant shall, at Tenants sole cost and expense, provide comprehensive general liability insurance, fully covering and indemnifying Landlord and Landlord’s officers, directors, shareholders, partners, principals, employees, agents, representatives; and other related entities and individuals (together with, at Landlord’s election, Landlord’s lender), as additional insureds, against any and all claims arising from personal injury, death, and/or property damage occurring in or about the Premises or the Property during the period of Tenant’s possession (actual and/or constructive) at the Premises. The initial limits of such insurance shall be at least $2,000,000 combined single liability limit. Tenant shall also, at its sole cost and expense, obtain workers’ compensation insurance for the protection of its employees such as will relieve Landlord of all liability to such employees for any and all accidents that may arise on or about the Premises or the Property. All insurance required to be carried by Tenant shall be primary and noncontributory to any insurance carried by Landlord, regardless of the absence of negligence or other fault of Tenant for alleged injury, death and/or property damage. Each policy of insurance required to be carried by Tenant hereunder shall: (a) contain cross-liability and contractual liability endorsements, (b) provide that no cancellation or reduction in coverage shall be effective until thirty (30) days after written malice to Landlord and Landlord’s lender, (c) be issued by an insurer licensed in California and reasonably approved by Landlord, and (d) shall insure Tenant’s performance of the Indemnity provisions of Article 13, but the amount of such Insurance shall not limit Tenant’s liability nor relieve Tenant of any obligation hereunder. Prior to the Commencement Date, Tenant shall deliver a certificate evidencing all such insurance to Landlord. Tenant shall deliver a renewal or binder of such policy at least thirty (30) days prior to expiration thereof. Tenant shall, at Tenant’s expense, maintain such other liability insurance as Tenant deems necessary to protect Tenant. Tenant shall be in material breach of this Lease if Tenant fails to obtain the insurance required under this Section, or if Tenant obtains insurance with terms, conditions and/or exclusions that are inconsistent with the requirements and terms of this Lease.

  • Comprehensive Automobile Liability Insurance for coverage of owned and non-owned and hired vehicles, trailers or semi-trailers licensed for travel on public roads, with a minimum combined single limit of One Million Dollars ($1,000,000) each occurrence for bodily injury, including death, and property damage.

  • Liability Insurance - Lessee Lessee shall, at Lessee's expense, obtain and keep in force during the term of this Lease a policy of Combined Single Limit Bodily Injury and Property Damage Insurance insuring Lessee and Lessor against any liability arising out of the use, occupancy or maintenance of the Premises and all other areas appurtenant thereto. Such insurance shall be in an amount not less than $500,000 per occurrence. The policy shall insure performance by Lessee of the indemnity provisions of this Paragraph 8. The limits of said insurance shall not, however, limit the liability of Lessee hereunder.

  • Commercial General Liability Insurance Supplier will maintain insurance covering its operations, with coverage on an occurrence basis, and must be subject to terms no less broad than the Insurance Services Office (“ISO”) Commercial General Liability Form CG0001 (2001 or newer edition), or equivalent. At a minimum, coverage must include liability arising from premises, operations, bodily injury and property damage, independent contractors, products-completed operations including construction defect, contractual liability, blanket contractual liability, and personal injury and advertising injury. All required limits, terms and conditions of coverage must be maintained during the term of this Contract. Minimum Limits: $1,000,000 each occurrence Bodily Injury and Property Damage $1,000,000 Personal and Advertising Injury $2,000,000 aggregate for products liability-completed operations $2,000,000 general aggregate

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