General Provisions of Insurance Sample Clauses

General Provisions of Insurance. 1. Except as provided herein to the contrary, any insurance carried by Landlord or Tenant shall be for the sole benefit of the party carrying such insurance (or its assignee). Any insurance policies required hereunder may be “blanket policies” and/or umbrella policies issued to, as applicable: (x) Tenant and covering the Premises and other properties owned or leased by Tenant or its Affiliates; or (y) Landlord and covering the Building and/or the Property and other properties owned or leased by Landlord or its Affiliates, provided that such policies otherwise; (a) comply with the provisions of this Lease; (b) expressly allocate to the Premises, the Building and/or the Property, as applicable, the specified coverage, without possibility of reduction of the amounts payable with respect to the Premises, the Building or the Property, as applicable, below the levels required by this Article, except that, with respect to Landlord’s commercial property insurance, such policies may contain a per occurrence loss limit that is less than the aggregate full replacement cost of all properties insured thereunder so long as such per occurrence loss limit is not less than the coverage required hereunder with respect to the Building. If the insurance required by this Lease shall be effected by any such blanket or umbrella policies, the party maintaining such blanket or umbrella policy shall furnish to the other from time to time upon request reasonable evidence of valid current coverage; provided that any person or persons receiving or reviewing such evidence of insurance on behalf of the requesting party shall by so doing be deemed to have agreed to hold same in confidence, provided that such person may disclose such information to Tenant or Landlord, any persons within such person’s organization, and such other parties as may be reasonably necessary to determine whether such blanket or umbrella policy satisfies the terms and conditions of this Lease.

General Provisions of Insurance. Tenant agrees that all insurance Tenant is required to maintain under this Lease shall be in insurance companies of good credit, satisfactory to Landlord and that the original policies or true copies or abstracts evidencing all of the aforementioned insurance coverage shall be delivered to Landlord within twenty (20) days prior to the Commencement Date and shall contain a clause that the insurer will not cancel or change the insurance without first giving Landlord twenty (20) days prior written notice thereof and, further, that new or renewal policies shall be delivered by Tenant to Landlord at least twenty (20) days before the expiration date or sooner termination of each policy. If Tenant shall not comply with its covenants made in this Section, Landlord may, at its option, either consider Tenant's failure to comply a default under this entire Lease Agreement or may cause such insurance as aforesaid to be issued and, in such event, Tenant agrees to pay the premium for such insurance promptly upon Landlord's demand as additional rent.

General Provisions of Insurance. UM agrees to provide the statutory self-insurance provided by the State of Montana. . Liability insurance limits may be provided through any combination of primary and/or excess insurance policies.

General Provisions of Insurance. All insurance policies required to be maintained hereunder shall be procured from insurance companies rated at (A-/VII) or better by the then current edition of Best's Insurance Reports published by A.M. Best Co. and licensed to do business in the State of Montana. All policies shall provide that they shall not be canceled or materially changed without at least providing thirty (30) days prior written notice to the other party. Liability insurance limits may be provided through any combination of primary and/or excess insurance policies.