Fire and Hazard Insurance. Each of Borrower and its Subsidiaries shall keep its properties and assets insured against fire and other hazards (so called "All Risk Coverage") in amounts and with companies reasonably satisfactory to the Administrative Agent and the Documentation Agent to the same extent and covering such risks as is customary in such Credit Party's line of business (but in no event shall such insurance fail to cover such risks or be in amounts less than the insurance coverages in effect on the Closing Date as set forth on Schedule 4.32. attached hereto) which policies shall name the Administrative Agent as first loss payee for the ratable benefit of the Lenders as its interest may appear. Borrower and each of its Subsidiaries shall also maintain public liability coverage against claims for personal injuries or death, errors and omissions, business interruption, worker's compensation, employment or similar insurance with coverage and in amounts satisfactory to the Administrative Agent and the Documentation Agent and as may be required by applicable law (but in no event shall such insurance fail to cover such risks or be in amounts less than the insurance coverages in effect on the Closing Date as set forth on Schedule 4.32. attached hereto). Such all risk policy shall name the Administrative Agent as an additional insured and provide for a minimum of thirty (30) days' written cancellation or material change notice to the Administrative Agent. Borrower agrees to deliver full information as to all of the aforesaid insurance policies to the Administrative Agent, the Documentation Agent and the Lenders upon request therefor. In the event of any loss or damage to the Collateral, Borrower shall give immediate written notice to the Administrative Agent and to its insurers of such loss or damage and shall promptly file proof of loss with its insurers. Borrower also agrees to review the foregoing insurance in connection with each Acquisition and increase the amount of coverage thereunder as a result of any such Acquisition if requested by the Required Lenders.
Fire and Hazard Insurance. Landlord shall at its expense, procure and maintain during the term of this Lease and any extension period hereof, fire and hazard insurance in an amount equal to the replacement value of the Building (less footings, foundations and site work) and comprehensive public liability insurance, and such insurance shall provide for a waiver of the insurer's subrogation rights as against Tenant.
Fire and Hazard Insurance. Borrower shall keep its properties and assets insured against fire and other hazards (so called “All Risk Coverage”) in amounts and with companies satisfactory to Bank to the same extent and covering such risks as is customary in the state or similar business, but in no event in an aggregate amount less than the Obligations, which policies shall name Bank as first loss payee as its interest may appear. Borrower shall also maintain public liability coverage against claims for personal injuries or death, business interruption, worker’s compensation, employment or similar insurance with coverage and in amounts satisfactory to Bank and as may be required by applicable law. Such all risk policy shall provide for a minimum of thirty (30) days’ written cancellation notice to Bank. Borrower agrees to deliver copies of all of the aforesaid insurance policies to Bank. In the event of any loss or damage to the Collateral, Borrower shall give immediate written notice to Bank and to its insurers of such loss or damage and shall promptly file proof of loss with its insurers.
Fire and Hazard Insurance. Borrower shall keep its properties and assets insured against fire and other hazards (so called "All Risk Coverage") in amounts and with companies reasonably satisfactory to Bank to the same extent and covering such risks as is customary in the state or similar business, but in no event in an aggregate amount less than the Obligations, which policies shall name the Bank as first loss payee as its interest may appear. Borrower shall also maintain public liability coverage against claims for personal injuries or death, business interruption, worker's compensation, products liability, employment or similar insurance with coverage and in amounts satisfactory to Bank and as may be required by applicable law. Such all-risk policy shall provide for a minimum of ten (10) days written cancellation notice to Bank. Borrower agrees to deliver copies of all of the aforesaid insurance policies to the Bank. In the event of any loss or damage to the Collateral covered by the Security Agreement or the real property covered by the Mortgage, Borrower shall give immediate written notice to Bank and to its insurers of such loss or damage and shall promptly file proof of loss with its insurers.
Fire and Hazard Insurance. Lessee, at Lessee's expense, shall obtain and keep in force at all times during the Term of this Sublease one or more policies of insurance covering loss or damage to the Subleased Premises in the amount of the full replacement value thereof. Such policies shall provide protection against all perils included within the classifications of fire, extended coverage, vandalism, malicious mischief and special extended perils (all risks) and shall name Lessor and Ground Lease Landlord as an additional insured.
Fire and Hazard Insurance. In order to secure the rents due the Lessor, the Lessee shall, at its own expense, at all times during the Term keep all buildings, other improvements and fixtures, by whomsoever installed or constructed, existing on the Premises on the date of the Lease or at any time thereafter, insured against (a) the "all risks" coverage (including, if available and without exorbitant costs, earthquake, flood, boiler, machinery, and war insurance), and (b) such other hazards or risks which are covered by customary insurance by similar hotels in the area (including the Kaanapali area of Maui). All such insurance shall be in an amount equal to the full replacement cost of such buildings, improvements and fixtures without deduction for depreciation, with an "agreed amount endorsement" and with an "inflation guard" endorsement. All such insurance shall be with an insurance company or companies authorized to do business in Hawaii, naming Lessor, any mortgagee of Lessor, and any mortgagee of Lessee, as additional insureds as their interests may appear. Loss shall be adjusted with Lessee.
Fire and Hazard Insurance. Tenant shall at its own expense and at all times during the Term keep all buildings, other improvements and fixtures, by whomsoever installed or constructed, existing on the Premises on the Commencement Date or at any time thereafter, insured against (a) all of the risks covered by a standard “Special Form” endorsement, with additional coverage for risk of loss by earthquake (to the extent available at commercially reasonable rates) and flood and (b) such other hazards or risks which a prudent businessman would insure against. This coverage shall be in an amount equal to the full replacement cost of such buildings, improvements and fixtures without deduction for depreciation, shall be written on an “Agreed Amount” basis, shall not have a deductible in excess of the amount shown in Section I.H above, and shall have an endorsement showing coverage for the loss of rental income after an insured-against occurrence during the period of restoration of the Premises and shall be placed with an insurance company or companies approved by Landlord (which approval will not be unreasonably withheld) . The limits of liability with respect to this endorsement for business interruption/loss of rental income shall be for a period of restoration of not less than one (1) year after the insured against occurrence and this endorsement shall be written on an “Agreed Amount” basis.
Fire and Hazard Insurance. The Landlord has fire, hazard and liability insurance to cover his property. NONE OF THE TENANT’S PROPERTY IS COVERED BY THE LANDLORD’S INSURANCE. Landlord does not have an insurable interest in the Tenant’s property. IT IS STRONGLY URGED THAT THE TENANT OBTAIN HIS OWN APARTMENT RENTERS INSURANCE POLICY.
Fire and Hazard Insurance. Landlord shall at its expense, procure and maintain during the term of this Lease and any extension period hereof, fire and hazard insurance for perils covered by the Special Causes of Loss Form, formally known as “All Risk” in an amount equal to the replacement value of the Building (less footings, foundations and site work) and comprehensive public liability insurance, and such insurance shall provide for a waiver of the insurer’s subrogation rights as against Tenant.
Fire and Hazard Insurance. Lessee shall carry, at Lessee's own expense fire and hazard insurance for the Premises for the benefit of the parties as their interest may appear hereunder and shall provide satisfactory evidence thereof to the Lessor and shall continue same in force and effect throughout the Lease term hereof.
