Common use of Form of Insurance Certificates Clause in Contracts

Form of Insurance Certificates. All policies shall be written in a form satisfactory to Landlord and shall be taken out with insurance companies licensed in the state in which the Building is located and holding a General Policy Holder’s Rating of “A” and a financial rating of “VII” or better, as set forth in the most current issues of Best’s Insurance Guide. Tenant shall furnish to Landlord, prior to Tenant’s entry into the Premises and thereafter within ten (10) days prior to the expiration of each such policy, a copy of the certificate of insurance (or renewal thereof) issued by the insurance carrier of each policy of insurance carried by Tenant pursuant hereto. Said certificates shall expressly provide that such policies shall not be cancelable or subject to reduction of coverage below the minimum amounts required by this Lease or required by any lender having an interest in the Building or otherwise be subject to modification except after thirty (30) days prior written notice to the parties named as insured in this Section 7.04. Any policies to be maintained by Tenant hereunder shall name Landlord and, if requested, Landlord’s mortgagee, as additional named insureds.

Form of Insurance Certificates. All policies shall be written in a form satisfactory to Landlord and shall be taken out with insurance companies licensed in the state in which the Building is located and holding a General Policy Holder’s 's Rating of “"A” " and a financial rating of “VII” "X" or better, as set forth in the most current issues of Best’s 's Insurance Guide. Tenant shall furnish to Landlord, prior to Tenant’s 's entry into the Premises and thereafter within ten (10) days prior to following the expiration of each such policy, a copy of the certificate of insurance (or renewal thereof) issued by the insurance carrier of each policy of insurance carried by Tenant pursuant hereto. Said certificates shall expressly provide that such policies shall not be cancelable or subject to reduction of coverage below the minimum amounts required by this Lease or required by any lender having an interest in the Building or otherwise be subject to modification except after thirty (30) days prior written notice to the parties named as insured in this Section 7.04. Any policies to be maintained by Tenant hereunder shall name Landlord and, if requested, Landlord’s mortgagee, as additional named insureds.