Duty to Insure a. During the term of this Lease and any extension thereof, Lessee shall provide coverage for liability of Lessee and its "public employees," as defined in the Tort Claims Act, and for its personal property and tenant's improvements and betterments, as required by New Mexico law.
b. At all times during the term of this Lease and any extension thereof, Lessor shall maintain in force a policy or policies of insurance providing:
i. comprehensive general liability coverage of not less than $1,000,000 limit per occurrence, including coverage for property damage, bodily injury and wrongful death. Such insurance policy or policies shall name the "State of New Mexico, its branches, agencies, instrumentalities and public employees" as additional insured on the endorsements; and
ii. an extended coverage endorsement or “All Risk” policy insuring for fire, lightning, vandalism, malicious mischief, loss of rents and other normal extended coverage for at least 80% of the replacement value of the Leased Premises, .
x. Xxxxxx releases and discharges the Lessee and its "public employees" as defined in the Tort Claims Act from any and all claims, damages and causes of action arising out of any damage to or destruction of the Leased Premises where such damage or destruction was not caused by the willful act of Lessee or any of its "public employees."
x. Xxxxxx shall provide certificates of coverage or proof of self-insurance evidencing compliance with this section which shall be attached to this Lease and all amendments at the time of execution. Lessor shall notify Lessee within ten days after cancellation or expiration of any required coverage.
Duty to Insure. Vendor shall adequately insure the Assets against loss or damage by insurable hazards to at least equal to that of the Purchase Price until the Closing Date.
Duty to Insure. During the entire term of the Agreement made between the Customer and Stashed Away the Customer shall insure the Goods stored for loss and damage under an all-risks insurance policy up to an insured level selected by the Customer but sufficient to cover the full value of the Goods if this is not subscribed through Stashed Away the Customer confirms that they have their own insurance in place and Stashed Away is indemnified against any claims by the Customer’s insurers for recourse against Stashed Away. Failure to insure will mean that in the event of loss of or damage to the Goods due to any cause (including gross negligence of Stashed Away) the loss shall be at the risk and account of the Customer
Duty to Insure. During the entire term of the Agreement the Customers shall insure the Goods for losses and damages under an all-risks insurance up to a level selected by the Customer but sufficient to cover the full value of the Goods. Failure to do so will mean that in the event of loss of the Goods due to any cause (including gross negligence of Shurgard) the loss shall be for the risk and account of the Customer. In case such insurance is not subscribed through Shurgard, Xxxxxxxx agrees to obtain such insurance with a reputable insurance company. Such insurance must include a clause for the benefit of Shurgard under which all rights of recourse towards Shurgard, Xxxxxxxx’s insurers and co-contractors are waived by the insurer. In addition, Customer shall be under the obligation to provide a certificate of evidence of his/her insurance at the time of concluding the Agreement. As long as such certificate has not been delivered, Customer must subscribe an all-risks insurance policy through Shurgard. Customer will always hold Shurgard, Xxxxxxxx’s insurers and co-contractors harmless and indemnified from any claims by the Customer’s insurers for recourse against Xxxxxxxx.
Duty to Insure. A. Tenant shall obtain, at Tenant's expense, a policy of comprehensive general public liability insurance acceptable to Landlord, and keep it in force during the term of the Use Periods of the Premises under this Lease. This policy shall insure the Landlord and the Tenant against any and all liability and risk arising out of the use, occupancy, or maintenance of the Premises. Such insurance shall be in the amounts of not less than one million dollars ($1,000,000). Tenant may provide this insurance under a blanket policy, provided that said insurance shall have a Landlord's Protective Liability Endorsement attached thereto and it be issued by a carrier licensed in the State of New Mexico. Tenant shall deliver to Landlord, prior to the initial Use Period in each year of the Term of this Lease, copies of policies of liability insurance required herein or certificates evidencing the existence and amount of such insurance with loss payable clauses satisfactory to Landlord. No policy shall be subject to reduction of coverage without a minimum of twenty (20) days written notice to Landlord. All such policies shall be written as primary policies not contributing with and not in excess of coverage which Landlord may carry. In addition, Tenant shall provide Landlord with a certificate of insurance of Workmen's Compensation Liability.
B. To the extent permitted by New Mexico Law and under their respective insurance policies, Landlord and Tenant waive all rights, against each other, for damages arising out of any damage to or destruction of the leased premises caused by fire or other perils insured against.
Duty to Insure. Prior to the use of the Lease Area and for the duration of the term of this Lease, Lessee shall maintain the following insurance against liabilities arising out of Lessee’s activities:
12.1 Minimum Scope of Insurance. Coverage shall be at least as broad as:
Duty to Insure. Playzeum Yuba-Xxxxxx shall obtain and maintain in force a commercial general liability insurance policy covering liability for injury to persons or property occurring in or about the Property (1 million dollars per occurrence). The required insurance shall be obtained from a company lawfully authorized to do business in California. A certificate of insurance evidencing the foregoing and showing OPUD as an additional insured shall be provided to OPUD contemporaneously with the execution of this agreement. Playzeum Yuba-Xxxxxx shall forthwith notify OPUD, in writing, with a full description of the facts, circumstances, nature, results, and names and addresses involved about any occurrences on the Property which involve any injury to person or property, and shall provide OPUD promptly with copies of any claims for damages of any sort, including complaints in any court actions involving such claims.
Duty to Insure. PLA shall obtain and maintain in force a commercial general liability insurance policy covering liability for injury to persons or property occurring in or about the Property (1 million dollars per occurrence). The required insurance shall be obtained from a company lawfully authorized to do business in California. A certificate of insurance evidence the foregoing and showing OPUD as additional insured shall be provided to OPUD contemporaneously with the execution of this agreement.
Duty to Insure. TMP shall, at its own expense, obtain and keep In force during the term of this Lease, Including any extension thereof, such insurance or other coverage for general liability of TMP and "its public employees", as defined In the New Mexico Tort Claims Act (Section 41-4-1, et seq. NMSA 1978 as amended);and for the benefit of TMP, such Insurance coverage as is required by law for its personal property, fixtures, equipment and tenant improvements and betterments at the Premises. TMP represents and warrants that TMP's coverages are provided by the New Mexico Public Schools Insurance Authority pursuant to the Public School Insurance Authority Act, NMSA 1978,§ 22-29-1et seq. Current coverage limits are, in part, as follows: $750,000 Bodily Injury (each occurrence) $100,000 Property Damage (each occurrence) $1,000,000 Public Liability Insurance (per occurrence) $2,000,000 Public Liability Insurance (annual aggregate) $500,000 Worker's Compensation
Duty to Insure. During the entire term of the Agreement the Customers shall insure the Goods for losses and damages under an all-risks insurance up to a level selected by the Customer but sufficient to cover the full value of the Goods. Failure to do so will mean that in the event of loss of the Goods due to any cause (including gross negligence of 1BOX) the loss shall be for the risk and account of the Customer. In case such insurance is not subscribed through 1BOX, Customer agrees to obtain such insurance with a reputable insurance company. Such insurance must include a clause for the benefit of 1BOX under which all rights of recourse towards 1BOX, 1BOX's insurers and co-contractors are waived by the insurer. In addition, Customer shall be under the obligation to provide a certificate of evidence of his/her insurance at the time of concluding the Agreement. As long as such certificate has not been delivered, Customer must subscribe an all-risks insurance policy through 1BOX. To the extent permitted by law, Customer will always hold 1BOX, 1BOX's insurers and co-contractors harmless and indemnified from any claims by the Customer's insurers for recourse against 1BOX.
