Common use of Fire and Casualty Insurance Clause in Contracts

Fire and Casualty Insurance. At all times during the Lease term, Tenant shall, at Tenant's sole cost and expense, keep all buildings, improvements, and other structures on the Property insured for their full insurable value by insurance companies authorized to issue such insurance in California against loss or destruction by fire and the perils commonly covered under the standard extended coverage endorsement to fire insurance policies in Santa Xxxxxxx County. Tenant also shall insure all buildings, improvements, and other structures on the Property against loss or destruction by windstorm, cyclone, tornado, hail, explosion, riot, riot attending a strike, civil commotion, malicious mischief, vandalism, aircraft, fire, smoke damage, and sprinkler leakage. Any proceeds received because of a loss covered by such insurance shall be used and applied in the manner required by Section 16 of this Lease Agreement.

Fire and Casualty Insurance. At all times during the Lease term, Tenant shall, at Tenant's sole cost and expense, keep all buildings, improvements, and other structures on the Property insured for their full insurable value by insurance companies authorized to issue such insurance in California against loss or destruction by fire and the perils commonly covered under the standard extended coverage endorsement to fire insurance policies in Santa Xxxxxxx County. Tenant also shall insure all buildings, improvements, and other structures on the Property against loss or destruction by windstorm, cyclone, tornado, hail, explosion, riot, riot attending a strike, civil commotion, malicious mischief, vandalism, aircraft, fire, smoke damage, and sprinkler leakage. Any proceeds received because of a loss covered by such insurance shall be used and applied in the manner required by Section 16 of this Lease Agreement.