Insurance by Lessee. The Lessee covenants and agrees, at its sole cost and expense, to maintain in full force a policy of insurance on the interior of the Demised Premises and upon its personal property, fixtures, equipment and merchandise therein, providing insurance protection against risks of direct physical loss, specifically including protection against damage or destruction by fire and other casualties, excluding flood and earthquake and vandalism insurance (formerly known as All Risk Insurance). Further, Lessor covenants and agrees that it will require all other tenants of Building II to carry, at a minimum, the insurance coverage specified herein. Lessor shall provide evidence of said insurance coverage to Lessee from any and all other tenants of Building III.
Insurance by Lessee. (a) LESSEE shall keep in full force and effect a policy of public liability and property damage insurance with respect to the PREMISES and the business operated by LESSEE therein in which the limits of public liability coverage shall be not less than $2,000,000 per occurrence for personal injury liability and $100,000 per occurrence for property damage liability. If LESSEE'S insurance carrier provides a combined single limit for both personal injury and property damage, then the limit shall not be less than $2,000,000 per occurrence. Such policy shall include LESSOR as an additional insured and shall contain a clause that the insurer will not cancel or change the insurance without first giving LESSOR ten (10) days prior written notice. The foregoing dollar limits shall be reviewed and revised periodically so as to provide adequate insurance in accordance with good Strip Center practice.
(b) LESSEE shall keep in full force and effect adequate insurance against fire and such other risks as are, from time to time, included in standard extended coverage endorsements insuring (i) LESSEE'S CHATTELS located on or with the PREMISES, and (ii) alterations, decorations and improvements to the PREMISES made by LESSEE (whether or not constituting part of the PREMISES).
(c) LESSEE shall keep in full force and effect a policy of plate glass insurance in standard form covering all glass in the PREMISES.
(d) All of such insurance policies shall be underwritten by insurance companies licensed to do business in the State of Ohio. LESSEE shall furnish LESSOR with a certificate evidencing such coverages within thirty (30) days after written request therefor by LESSOR.
Insurance by Lessee. Subject to Section 13.1(b), Lessee shall, at all times during the term of this Lease maintain insurance coverage on the Leased Property and the business conducted therein substantially similar to that maintained for similar hotels or as required by the Management Agreement (if any). Lessor shall be responsible for the cost and expense of premiums for the insurance in clause (ii) of the definition of "Lessor Tax, Insurance and Cap Ex Obligations." Lessee shall be responsible for the cost and expense of premiums for all other insurance required to be maintained by this Lease. Such insurance, as of the date hereof, shall include:
(i) comprehensive general liability insurance which has been endorsed to include premises operations, elevators, independent contractors, blanket contractual, products liability, personal injury (including contractual), broad form property damage, fire legal liability, host liquor liability (including the loss of means of support), liquor liability, innkeepers' liability (including safety deposit box liability) and comprehensive automobile liability including all owned, hired, leased or substituted vehicles, and garagekeepers' legal liability, against the claims for personal and bodily injury or death and property damage occurring upon, in or about any Facility, any adjoining streets and passageways thereof, or otherwise arising under the Management Agreement (if any) or this Lease;
(ii) appropriate workers' compensation and employer's liability insurance as shall be required by and be in conformance with the laws of any state where a Facility is located for both Lessee's and Manager's (if any) employees at the Hotels;
(iii) insurance against "all risks" of loss or damage, including, to the extent available at reasonable cost, earthquake and flood, available under commercial property insurance policies with licensed insurance companies in amounts not less than the then current full insurable value of each Facility and its contents. As used herein, the term "full insurable value" shall mean the actual replacement cost of each Facility and its contents;
Insurance by Lessee. The Lessee may insure and keep insured in such adequate amounts to cover replacements or loss and with reputable insurance companies the following:
a. Such fixtures and fittings for the replacement of which the lessee is responsible
b. All liabilities of the lessee and its authorized agents, employees and/or representatives arising out of and in connection with the lessee’s use and occupation of the said premises.
c. Any other risk or matter in Lessee’s sole discretion.
Insurance by Lessee. Lessee covenants and agrees, at its sole cost and expense, to maintain a policy of insurance on the interior of the Demised Premises and upon its personal property, fixtures, equipment and merchandise therein, providing insurance protection against risks of direct physical loss, specifically including protection against damage or destruction by fire, flood and other casualties, excluding earthquake, and vandalism insurance.
Insurance by Lessee. Lessee, at Lessee's own cost and expense, shall carry at all times during the term of this Lease and any renewals and extensions hereof: (a) a special perils insurance policy covering loss and damage to the Building (specifically including earthquake coverage but excluding flood coverage), naming Lessor and Lessor's mortgagee(s) as additional insureds, as their interests may appear, and in the amount of at least the full replacement cost of the Building, with a deductible not to exceed $5,000.00, and (b) a policy of commercial general liability insurance in reference to the Premises naming Lessor and Lessor's mortgagee(s) as additional insureds and protecting and indemnifying Lessee, Lessor, Lessor's mortgagee(s) and their assigns against any and all claims for injury and/or damage to persons or property or for the loss of life or of property in an amount of not less than $5,000,000 in respect to bodily injury or death to any one person and not less than $5,000,000 in respect to any one occurrence or accident and not less than $1,000,000 for property damage, and (c) rent loss insurance naming Lessor and Lessor's mortgagee(s) as additional insureds, as their interests may appear, in an amount sufficient to cover one year's rent, including all additional rent, due under this Lease. Prior to the earlier of (i) Lessee's entry onto the Premises or (ii) the Commencement Date, Lessee shall furnish Lessor with a certificate issued by the insurer evidencing the aforesaid coverages.
Insurance by Lessee. Lessee shall, at all times during the Lease Term, at Lessee's cost, obtain and keep in effect the following insurance insuring Lessee, Lessor and all mortgagees and any other person or entity designated by Lessor as having an interest in the Property (as their interests may appear):
(i) Insurance upon all property situated in the Premises owned by Lessee or for which Lessee is legally liable and on fixtures and improvements installed in the Premises by or on behalf of Lessee. Such policies shall be for an amount of not less than 100% of the full replacement cost with coverage against at least fire with standard extended coverage, vandalism, malicious mischief, sprinkler leakage, and water damage. If there is a dispute as to the replacement cost amount, the decision of Lessor shall be conclusive;
(ii) Business interruption insurance is an amount sufficient to reimburse Lessee for direct or indirect loss of earnings attributable to prevention of access of the Building or Premises as a result of such perils;
(iii) Commercial General Liability insurance including fire, legal, liability, and contractual liability insurance coverage with respect to the Building and the Premises. The coverage is to include activities and operations conducted by Lessee and any other person in the Premises and other person performing work on behalf of Lessee and those for whom Lessee is by law responsible in any other part of the Building. Such insurance shall be written on a comprehensive basis with inclusive limits of not less than $2,000,000 for each occurrence for bodily injury and property damage or such higher limits as Lessor acting reasonably, may require from time to time. The limit of said insurance shall not, however, limit the liability of Lessee hereunder. Lessor shall be named on all liability policies maintained by Lessee;
(iv) Worker's Compensation insurance for all Lessee's employees working in the Premises in an amount sufficient to comply with applicable laws or regulations;
(v) Any other form of insurance as Lessee, Lessor or its mortgagees may reasonably require from time to time. Such insurance shall be in form, amounts and for the risks which a prudent Lessee would insure; All policies of insurance maintained by Lessee shall be in a form acceptable to Lessor; issued by an insurer acceptable to Lessor and licensed to do business in the state in which the Building is located; and require at least thirty (30) days written notice to Lessor of termination or mater...
Insurance by Lessee. A. Lessee shall at all times during the term of this Lease, at its own expenses, maintain a policy or policies of insurance with premiums fully pain in advance, issued by and binding upon a solvent insurance company approved in writing by lessor, insuring all of Lessee's personal property located in the Leased Premises and the improvements placed upon the Leased Premises by Lessee (including all items covered by Lessee's plans as approved by Lessor) against loss or damage by fire, explosion or other hazard and contingencies for the full insurable value thereof.
X. Xxxxxx and Lessee, each at their respective expense, shall maintain a policy or policies of comprehensive general liability insurance with the premiums thereon fully paid in advance issued by and binding upon a solvent insurance company (Lessee's insurance company to be approved in writing by Lessor), such insurance to afford minimum protection of not less than $300,000 in respect of personal injury or death to any one person and not less than $500,000 in the event of bodily injury or death to any number of persons in any one occurrence, and with limits of not less than $300,000 for property damage in any one occurrence, with overlying umbrella liability insurance coverage of not less than $1,000,000. Such policy or policies of public liability insurance shall contain a landlord's protective liability endorsement in favor of Lessor.
C. The policy or policies of insurance to be maintained by Lessee shall name Lessee and Lessor as co-insured and shall contain an endorsement that such policies cannot be amended or modified as to Lessor without fifteen (15) days prior written notice. Lessee shall deliver duplicate original policies or certificates of insurance in form satisfactory to Lessor not less than twenty (20) days prior to the expiration of old policies. 24
Insurance by Lessee. DRAFT 363
Insurance by Lessee. (a) During the Lease Term, Lessee shall fully and completely insure all of its personal property located in the Premises against damage by fire, extended coverage, vandalism, water damage, and sprinkler leakage in an amount selected by Lessee which shall, in any event, be adequate to satisfy any co-insurance requirements of the policies providing such insurance. In addition, Lessee shall also maintain with respect to the Premises, comprehensive public liability insurance, with minimum limits of $2,000,000.00 for injury or death to any one person and $2,000,000.00 for injury or death to more than one person for any one accident or other occurrence, and $2,000,000.00 with respect to property damage.
(b) Lessee shall maintain the insurance coverage required herein with a company or companies reasonably acceptable to Lessor and qualified to do business in the jurisdiction in which the Premises are located. The comprehensive public liability insurance shall name Lessor as an additional insured. Lessee shall deliver certificates of insurance indicating the above-specified coverage to Lessor upon the commencement of the Lease Term, and continuing evidence of such coverage annually. If such insurance is carried under a blanket policy, Lessee agrees to deliver to Lessor a proper certificate of such insurance, signed by the insurer. Such insurance policy or policies shall provide that it (they) cannot be canceled without at least thirty (30) days prior written notice to Lessor.
