Increase in Coverage. Landlord may, by notice to Tenant, require an increase in policy limits or require that Tenant carry other forms of insurance; provided that the same are commercially reasonable and in keeping with the insurance requirements of owners of similar properties in the applicable submarket in which the Premises is located.
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Samples: Industrial Lease Agreement (Li-Cycle Holdings Corp.), Industrial Lease Agreement (Li-Cycle Holdings Corp.)
Increase in Coverage. Landlord may, by notice to Tenant, require an increase in policy limits or coverage if, in the reasonable opinion of Landlord, the insurance specified in this Article is no longer considered adequate to maintain a commercially reasonable level of insurance protection. Additionally, following the initial five (5) years of the term of this Lease, Landlord may require that Tenant carry other forms of insurance; provided that the same are commercially reasonable and in keeping with the insurance requirements of owners of similar properties in the applicable submarket in which the Premises is locatedComparable Properties.
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Increase in Coverage. Landlord may, by written notice to Tenant, require an increase in policy limits or require that Tenant carry other forms of insurance; provided that the same are commercially reasonable and readily available and in keeping with the insurance requirements of owners of similar properties in the applicable submarket in which the Premises is locatedComparable Buildings.
Appears in 1 contract
Samples: Lease (Talis Biomedical Corp)