Increased Policy Amounts. All policy amounts set forth in this Section 14 shall be evaluated by Tower Operator and increased (if Tower Operator deems necessary) every five years during the Term of this Agreement to such amounts as are customarily carried by prudent landlords and tenants in the telecommunications industry to insure risks associated with their respective interests in facilities comparable to the Sites. All policies of insurance required under this Section 14 shall be written on companies rated “A-VII” by AM Best or a comparable rating and licensed in the state where the applicable Site to which such insurance applies is located.
Appears in 5 contracts
Samples: Master Lease Agreement (T-Mobile US, Inc.), Sale Site Master Lease Agreement (T-Mobile US, Inc.), MPL Site Master Lease Agreement (Crown Castle International Corp)
Increased Policy Amounts. All policy amounts set forth in this Section 14 16 shall be evaluated by Tower Operator and increased (if Tower Operator deems necessary) every five years during the Term of this Agreement to such amounts as are customarily carried by prudent landlords and tenants in the telecommunications industry to insure risks associated with their respective interests in facilities comparable to the Sites. All policies of insurance required under this Section 14 16 shall be written on companies rated “A-VII” by AM Best or a comparable rating and licensed in the state where the applicable Site to which such insurance applies is located.
Appears in 3 contracts
Samples: Master Prepaid Lease (T-Mobile US, Inc.), Master Prepaid Lease (Crown Castle International Corp), Master Prepaid Lease (Crown Castle International Corp)
Increased Policy Amounts. All policy amounts set forth in this Section 14 shall be evaluated by Tower Operator and increased (if Tower Operator deems necessary) every five years during the Term of this Agreement to such amounts as are customarily carried by prudent landlords and tenants in the telecommunications industry to insure risks associated with their respective interests in facilities comparable to the Sites. All policies of insurance required under this Section 14 shall be written on companies rated “"A-VII” " by AM Best or a comparable rating and licensed in the state where the applicable Site to which such insurance applies is located.
Appears in 1 contract
Samples: MPL Site Master Lease Agreement (Crown Castle International Corp)
Increased Policy Amounts. All policy amounts set forth in this Section 14 shall be evaluated by Tower Operator and increased (if Tower Operator deems necessary) every five years during the Term of this Agreement to such amounts as are customarily carried by prudent landlords and tenants in the telecommunications industry to insure risks associated with their respective interests in facilities comparable to the Sites. All policies of insurance required under this Section 14 shall be written on companies rated “A-VII” by AM Best or a comparable rating and licensed in the state where the applicable Site to which such insurance applies is located.. (f)
Appears in 1 contract
Samples: Master Lease Agreement
