Insurance and Damage Provisions Sample Clauses

Insurance and Damage Provisions. Tenant’s insurance obligations The Tenant must pay on demand: a fair and reasonable proportion of: the sums the Landlord pays114 to comply with paragraphs 2.1.1 and 2.1.2; if not recovered through the service charge, the sums the Landlord pays to insure all plant, machinery, apparatus and vehicles used in providing the Services; the cost of valuations of the Estate and the Premises for insurance purposes made not more than once a year; and the amount of any excess or deductible under any insurance policy that the Landlord incurs or will incur in complying with paragraphs 2.3 and 2.4; the whole of the sums the Landlord pays to comply with paragraph 2.1.3; a sum equal to the amount that the insurers refuse to pay following damage or destruction by an Insured Risk to the Estate because of the Tenant’s act or failure to act; and any additional or increased premiums that the insurers may require as a result of the carrying out or retention of any Permitted Works or the Tenant’s or any undertenant’s or other lawful occupier’s use of the Premises. The Tenant must comply with the requirements of the insurers and must not do anything that may invalidate any insurance. The Tenant must not use the Premises for any purpose or carry out or retain any Permitted Works that may make any additional premium payable for the insurance of the Premises or the Estate, unless it has first agreed to pay the whole of that additional premium. The Tenant must notify the Landlord as soon as practicable after it becomes aware of any damage to or destruction of the Premises by any of the Insured Risks or by an Uninsured Risk. The Tenant must keep insured, in a sufficient sum and with a reputable insurer, public liability risks relating to the Premises. Landlord’s insurance obligations115 The Landlord must insure (with a reputable insurer): the Estate against the Insured Risks in its full reinstatement cost (including all professional fees and incidental expenses, debris removal, site clearance and irrecoverable VAT); against public liability relating to the Estate; and loss of the Main Rent and Service Charge for the Risk Period, subject to all excesses, limitations and exclusions as the insurers may impose and otherwise on the insurer’s usual terms. In relation to the insurance, the Landlord must: procure the Tenant’s interest in the Premises is noted either specifically or generally on the policy; take reasonable steps to procure that the insurers waive any rights of subrogation they ...

Insurance and Damage Provisions. 1. Tenant’s insurance obligations

Insurance and Damage Provisions. Tenant’s insurance obligations The Tenant must pay on demand: a fair and reasonable proportion of: the sums the Landlord pays85 to comply with paragraphs 39.1.1 and 39.1.2; if not recovered through the service charge, the sums the Landlord pays to insure all plant, machinery, apparatus and vehicles used in providing the Services; the cost of valuations of the Building and the Premises for insurance purposes made not more than once a year; and the amount of any excess or deductible under any insurance policy that the Landlord incurs or will incur in complying with paragraphs 39.3 and 39.4; the whole of the sums the Landlord pays for insuring loss of the Rent and Service Charge for the Risk Period;