Common use of General Insurance Clause in Contracts

General Insurance. (a) At all times during the Term of this Lease, Tenant shall carry and maintain, at Tenant's expense, the insurance required hereunder, in the amounts specified in this Article or such other amounts and in form and substance as Landlord may from time to time reasonably request, issued by an insurance company reasonably satisfactory to Landlord. Upon the execution of this Lease, and from time to time as requested by Landlord, Tenant shall deliver to Landlord certificates of all insurance policies required to be carried hereunder with evidence of payment of applicable premium. All policies shall name Landlord and all mortgagees, as additional insureds. (b) Each policy so issued shall expressly provide: (i) that it may not be cancelled for nonpayment, or for other reason without thirty (30) days' advance written notice to Landlord; (ii) that the insurance company shall not fail to renew the policy without thirty (30) days' advance written notice to Landlord; (iii) that no material change may be made in the policy; and (iv) that it is not subject to invalidation as to Landlord's interest by reason of any act or omission of Tenant. (c) The term "insurance policy" shall include any extensions or renewals of such insurance policy. (d) Landlord shall keep in force during the Term "all risk" casualty insurance covering the Building in an amount not less than fifty percent (50%) of the replacement value of the Building with such deductibles and with such coverage exclusions as Landlord deems reasonable. Any insurance required by the preceding sentence shall be (A) with Landlord's insurer so long as Landlord is The Connxxx Xxxpany or an affiliate of The Connxxx Xxxpany; otherwise the insurance shall be issued by a recognized and reputable insurance company and (B) only required if and to the extent that such insurance is available to owners of commercial office properties at commercially reasonable rates. Without limiting the foregoing, Landlord shall maintain insurance coverage for the Building and Land as it deems necessary, and Tenant shall not do or permit to be done any act or thing upon the Real Estate which would (i) jeopardize or be in conflict with fire insurance policies covering the Building and fixtures and property on the Land, (ii) increase the rate of fire or other casualty insurance applicable to the Real Estate to a rate higher than it otherwise would be for general office use of the Building, or (iii) subject Landlord to any liability or responsibility for injury to any person or persons or to property by reason of any business or operation Tenant carries on upon the Real Estate.

Appears in 1 contract

Samples: Lease Agreement (Genta Incorporated /De/)

AutoNDA by SimpleDocs

General Insurance. (a) At all times during the Term of this Lease, Tenant shall carry and maintain, at Tenant's ’s expense, the insurance required hereunder, in the amounts specified in this Article (and without any deductible) or such other amounts and in form and substance as Landlord may from time to time reasonably request, issued by an insurance company reasonably satisfactory to Landlord. Upon the execution of this Lease, and from time to time as requested by Landlord, Tenant shall deliver to Landlord certificates of all insurance policies required to be carried hereunder with evidence of payment of applicable premium. All policies shall name Landlord Landlord, Landlord’s direct and indirect subsidiaries, divisions and affiliates, Landlord’s members, if applicable, and all mortgagees, as additional insureds. (b) Each policy so issued shall expressly provide: (i) that it may not be cancelled for nonpayment, or for other reason without thirty (30) days' advance written notice to Landlord; (ii) that the insurance company shall not fail to renew the policy without thirty (30) days' advance written notice to Landlord; (iii) that no material change may be made in the policy; and (iv) that it is not subject to invalidation as to Landlord's ’s interest by reason of any act or omission of Tenant. (c) The term "insurance policy" shall include any extensions or renewals of such insurance policy. (d) Landlord shall keep in force during the Term "all risk" casualty insurance covering the Building in an amount not less than fifty percent (50%) of the replacement value of the Building with such deductibles and with such coverage exclusions as Landlord deems reasonable. Any insurance required by the preceding sentence shall be (A) with Landlord's insurer so long as Landlord is The Connxxx Xxxpany or an affiliate of The Connxxx Xxxpany; otherwise the insurance shall be issued by a recognized and reputable insurance company and (B) only required if and to the extent that such insurance is available to owners of commercial office properties at commercially reasonable rates. Without limiting the foregoing, Landlord shall maintain insurance coverage for the Building and Land as it deems necessary, and Tenant shall not do or permit to be done any act or thing upon the Real Estate which would (i) jeopardize or be in conflict with fire insurance policies covering the Building and fixtures and property on the Land, (ii) increase the rate of fire or other casualty insurance applicable to the Real Estate to a rate higher than it otherwise would be for general office use of the Building, or (iii) subject Landlord to any liability or responsibility for injury to any person or persons or to property by reason of any business or operation Tenant carries on upon the Real Estate.

Appears in 1 contract

Samples: Lease (Authentidate Holding Corp)

General Insurance. (a) At all times during the Term of this Lease, Tenant shall carry and maintain, at Tenant's expense, the insurance required hereunder, in the amounts specified in this Article (and with only customary deductibles) or such other amounts and in form and substance as Landlord may from time to time reasonably request, issued by an insurance company reasonably satisfactory to Landlord. Upon the execution of this Lease, and from time to time as requested by Landlord, Tenant shall deliver to Landlord certificates of all insurance policies required to be carried hereunder with evidence of payment of applicable premium. All policies shall name Landlord include an additional insured endorsement naming Landlord, Landlord’s direct and indirect subsidiaries, divisions and affiliates, Landlord’s members, if applicable, and all mortgagees, as additional insureds. (b) Each policy so issued shall include a notice of cancellation endorsement stating that the insurance carrier shall send a cancellation notice to Landlord at least thirty (30) days prior to the policy being cancelled or otherwise terminated. Each policy so issued shall expressly provide: (i) that it may not be cancelled for nonpayment, or for other reason without thirty (30) days' advance written notice to Landlord; (ii) that the insurance company shall not fail to renew the policy without thirty (30) days' advance written notice to Landlord; (iiiii) that no material change may be made in the policy; and (iviii) that it is not subject to invalidation as to Landlord's interest by reason of any act or omission of Tenant; and (iv) that it is primary without right of contribution. (c) The term "insurance policy" shall include any extensions or renewals of such insurance policy. (d) Landlord shall keep in force during the Term "all risk" casualty insurance covering the Building in an amount not less than fifty percent (50%) of the replacement value of the Building with such deductibles and with such coverage exclusions as Landlord deems reasonable. Any insurance required by the preceding sentence shall be (A) with Landlord's insurer so long as Landlord is The Connxxx Xxxpany or an affiliate of The Connxxx Xxxpany; otherwise the insurance shall be issued by a recognized and reputable insurance company and (B) only required if and to the extent that such insurance is available to owners of commercial office properties at commercially reasonable rates. Without limiting the foregoing, Landlord shall maintain insurance coverage for the Building and Land as it deems necessary, and Tenant shall not do or permit to be done any act or thing upon the Real Estate which would (i) jeopardize or be in conflict with fire property insurance policies covering the Building and fixtures and property on the Land, (ii) increase the rate of fire property or other casualty insurance applicable to the Real Estate to a rate higher than it otherwise would be for general office use for companies in the business of pharmaceutical products and laboratory use of the Building, or (iii) subject Landlord to any liability or responsibility for injury to any person or persons or to property by reason of any business or operation Tenant carries on upon the Real Estate.

Appears in 1 contract

Samples: Lease Agreement (Edge Therapeutics, Inc.)

General Insurance. (a) At all times during the Term of this Lease, Tenant shall carry and maintain, at Tenant's expense, the insurance required hereunder, in the amounts specified in this Article or such other amounts and in form and substance as Landlord may from time to time reasonably request, issued by an insurance company reasonably satisfactory to Landlord. Upon the execution of this Lease, and from time to time as requested by Landlord, Tenant shall deliver to Landlord certificates of all insurance policies required to be carried hereunder with evidence of payment of applicable premium. All policies shall name Landlord and all mortgagees, as additional insureds. (b) Each policy so issued shall expressly provide: (i) that it may not be cancelled for nonpayment, or for other reason without thirty (30) days' advance written notice to Landlord; (ii) that the insurance company shall not fail to renew the policy without thirty (30) days' advance written notice to Landlord; (iii) that no material change may be made in the policy; and (iv) that it is not subject to invalidation as to Landlord's interest by reason of any act or omission of Tenant. (c) The term "insurance policy" shall include any extensions or renewals of such insurance policy. (d) Landlord shall keep in force during the Term "all risk" casualty insurance covering the Building in an amount not less than fifty percent (50%) of the replacement value of the Building with such deductibles and with such coverage exclusions as Landlord deems reasonable. Any insurance required by the preceding sentence shall be (A) with Landlord's insurer so long as Landlord is The Connxxx Xxxpany Connell Company or an affiliate of The Connxxx XxxpanyConnell Company; otherwise the insurance thx xxxxxance shall be issued by a recognized and recognxxxx xxd reputable insurance company and (B) only required if and to the extent that such insurance is available to owners of commercial office properties at commercially reasonable rates. Without limiting the foregoing, Landlord shall maintain insurance coverage for the Building and Land as it deems necessary, and Tenant shall not do or permit to be done any act or thing upon the Real Estate which would (i) jeopardize or be in conflict with fire insurance policies covering the Building and fixtures and property on the Land, (ii) increase the rate of fire or other casualty insurance applicable to the Real Estate to a rate higher than it otherwise would be for general office use of the Building, or (iii) subject Landlord to any liability or responsibility for injury to any person or persons or to property by reason of any business or operation Tenant carries on upon the Real Estate.

Appears in 1 contract

Samples: Lease (Genta Incorporated /De/)

AutoNDA by SimpleDocs

General Insurance. (a) At all times during the Term of this Lease, Tenant shall will carry and maintain, at Tenant's expense, the insurance required hereunder, in the amounts specified in this Article below or such other amounts and in form and substance as Landlord may from time to time reasonably request, request and issued by an insurance company reasonably satisfactory to Landlord. Upon the execution of this Lease, and from time to time as requested by Landlord, Tenant shall deliver to Landlord duplicate originals or certificates of all insurance policies required to be carried hereunder with evidence of payment of applicable premium. All insurance policies shall name Landlord be carried in favor of Landlord, Tenant, and all mortgageesMortgagees, as additional insuredstheir respective interests may appear. (b) Each insurance policy so issued shall expressly provide: (i) that it may not be cancelled canceled for nonpayment, or for other reason without thirty (30) days' advance written notice to Landlord; (ii) that the insurance company shall not fail to renew the policy without thirty (30) days' advance written notice to Landlord; (iii) that no material change may be made in the policy; and (iv) that it is not subject to invalidation as to Landlord's interest by reason of any act or omission of the Tenant. (c) The term "insurance policy" shall include any extensions or renewals of such insurance policy. (d) Landlord shall keep in force during the Term "all risk" casualty insurance covering the Building in an amount not less than fifty percent (50%) of the replacement value of the Building with such deductibles and with such coverage exclusions as Landlord deems reasonable. Any Tenant may carry insurance required by the preceding sentence shall be (A) with Landlord's insurer so long as Landlord is The Connxxx Xxxpany or an affiliate of The Connxxx Xxxpany; otherwise the insurance shall be issued by hereunder under a recognized and reputable insurance company and (B) only required if and blanket policy provided such blanket policy allocates to the extent that Demised Premises coverage in amounts satisfactory to Landlord, and further provided all other requirements of insurance are met by such insurance is available to owners of commercial office properties at commercially reasonable rates. Without limiting the foregoing, blanket policy. (e) Landlord shall maintain insurance coverage for the Building and Land Real Estate as it deems necessarynecessary full insurable value thereof under "All-Risk" policies, and Tenant shall not do or permit to be done any act or thing upon the Real Estate Premises which would (i) jeopardize or be in conflict with fire insurance policies covering the Building and fixtures and property on in the LandReal Estate, (ii) increase the rate of fire or other casualty insurance applicable to the Real Estate to a rate higher than it otherwise would be for general office use of the Building, or (iii) subject Landlord to any liability or responsibility for injury to any person or persons or to property by reason of any business or operation Tenant carries on upon the Real EstatePremises.

Appears in 1 contract

Samples: Lease Agreement (Cover All Technologies Inc)

General Insurance. (a) At all times during the Term of this Lease, Tenant shall will carry and maintain, at Tenant's ’s expense, the insurance required hereunder, in the amounts specified in this Article below or such other amounts and in form and substance as Landlord may from time to time reasonably request, request and issued by an insurance company reasonably satisfactory to Landlord. Upon the execution of this Lease, and from time to time as requested by Landlord, Tenant shall deliver to Landlord duplicate originals or certificates of all insurance policies required to be carried hereunder with evidence of payment of applicable premium. All insurance policies shall name Landlord be carried in favor of Landlord, Tenant, and all mortgageesMortgagees, as additional insuredstheir respective interests may appear. (b) Each insurance policy so issued shall expressly provide: (i) that it may not be cancelled canceled for nonpayment, or for other reason without thirty (30) days' advance written notice to Landlord; (ii) that the insurance company shall not fail to renew the policy without thirty (30) days' advance written notice to Landlord; (iii) that no material change may be made in the policy; and (iv) that it is not subject to invalidation as to Landlord's ’s interest by reason of any act or omission of the Tenant. (c) The term "insurance policy" shall include any extensions or renewals of such insurance policy. (d) Landlord shall keep in force during the Term "all risk" casualty insurance covering the Building in an amount not less than fifty percent (50%) of the replacement value of the Building with such deductibles and with such coverage exclusions as Landlord deems reasonable. Any Tenant may carry insurance required by the preceding sentence shall be (A) with Landlord's insurer so long as Landlord is The Connxxx Xxxpany or an affiliate of The Connxxx Xxxpany; otherwise the insurance shall be issued by hereunder under a recognized and reputable insurance company and (B) only required if and blanket policy provided such blanket policy allocates to the extent that Demised Premises coverage in amounts satisfactory to Landlord, and further provided all other requirements of insurance are met by such insurance is available to owners of commercial office properties at commercially reasonable rates. Without limiting the foregoing, blanket policy. (e) Landlord shall maintain insurance coverage for the Building and Land Real Estate as it deems necessarynecessary full insurable value thereof under “All-Risk” policies, and Tenant shall not do or permit to be done any act or thing upon the Real Estate Premises which would (i) jeopardize or be in conflict with fire insurance policies covering the Building and fixtures and property on in the LandReal Estate, (ii) increase the rate of fire or other casualty insurance applicable to the Real Estate to a rate higher than it otherwise would be for general office use of the Building, or (iii) subject Landlord to any liability or responsibility for injury to any person or persons or to property by reason of any business or operation Tenant carries on upon the Real EstatePremises.

Appears in 1 contract

Samples: Lease Agreement (Sco Group Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!