Insurance by Lessor. Lessor, at its sole cost, shall maintain in effect during the Term of this Agreement its present liability insurance covering public liability, property damage, including passenger legal liability and its all-risk hull and engine insurance. Lessor’s insurance shall be primary and without right of contribution from any other insurance. Lessor shall cause Lessee to be an additional named insured with respect to the liability coverage.
Insurance by Lessor. The Lessor shall take out necessary insurance with respect to the said Premises and copies of the same shall be provided to Lessee. The Lessor shall maintain the already existing comprehensive general liability and all peril insurance covering the Building including the said premises and all machineries and equipments, installations and systems etc. Copies of the insurance policies shall be furnished to the Lessee. The insurance covers, inter alia, riots, floods, tempests, fire, earthquake and all kinds of natural calamities.
Insurance by Lessor. ADMINISTRATIVE AGENT OR ANY PARTICIPANT. Each of Lessor, the Administrative Agent or any Participant may at its own expense carry insurance with respect to its interest in the Leased Property, and any insurance payments received from policies maintained by Lessor, the Administrative Agent or any Participant shall be retained by Lessor, the Administrative Agent or such Participant, as the case may be, without reducing or otherwise affecting Lessee's obligations hereunder.
Insurance by Lessor. Nothing in this Article XI shall prohibit the Lessee, the Lessor, or any other Additional Insured from obtaining insurance with respect to the Aircraft, any Engines or engines installed on the Airframe, or any Part for its own account (including, without limitation, in the case of the Lessee, hull insurance under the same policies maintained pursuant to this Article XI in amounts in excess of those required to be maintained pursuant to this Article XI) and any proceeds payable thereunder shall be payable as provided in the insurance policy relating thereto, PROVIDED that no such insurance may be obtained which would limit or otherwise adversely affect the availability of coverage or payment of any insurance required to be obtained or maintained pursuant to this Article XI, it being understood that all salvage rights to the Airframe or the Engines shall remain with the Lessee's insurers at all times.
Insurance by Lessor. 9.01 LESSOR shall during the TERM hereof, at its sole expense, provide and keep in force insurance on the PREMISES against loss or damage by fire and extended coverage, in an amount not less than ninety percent (90%) of the full replacement value of the PREMISES so constructed or improved by LESSEE. Such insurance shall be placed with an insurance company or companies approved by LESSOR and licensed to do business in California.
Insurance by Lessor. Section 5.03 Should Lessee at any time fail to procure or maintain the insurance required by this Article, Lessor may obtain such insurance and pay the premium on such insurance for the benefit of Lessee. Any amounts paid by Lessor to procure or maintain insurance pursuant to this section shall be immediately due and repayable to Lessor by Lessee together with interest thereon at the rate of ten percent per annum until paid.
Insurance by Lessor. At any time Lessor may, at its own expense, carry insurance with respect to its interest in the Real Property, except that such insurance shall not interfere with Lessee’s ability to insure the Real Property as required by this Section 13 or adversely affect Lessee’s insurance or the cost thereof, or the ability of Lessee to collect a claim under any such insurance policy. Any insurance payments received from policies maintained by Lessor pursuant to the previous sentence shall be retained by Lessor without reducing or otherwise affecting Lessee’s obligations hereunder.
Insurance by Lessor. Throughout the Term, Lessor shall, at its sole cost and expense, obtain and keep in full force and effect on the Premises, commercial general liability insurance as well as fire insurance covering any Structures. Upon Lessee’s written request, Lessor shall provide Lessee with written certificates of such insurance. The liability under such insurance policies is to be not less than One Million Dollars ($1,000,000.00) for any one person injured and One Million Dollars ($1,000,000.00) for property damage.
Insurance by Lessor. The Lessor will insure and keep insured or cause to be insured on a full reinstatement and replacement basis as the Lessor may decide from time to time the Building and the Lessor's fixtures and fittings in the Building against loss or damage by fire, fusion, explosion, smoke, lightning, flood, xxxxx, xxxxxxx, rainwater, earthquake, riot, civil commotion, malicious damage, sprinkler leakage, water damage, impact by vehicles, aircraft and articles dropped therefrom and other usual and necessary risks against which an owner can and does ordinarily insure including (but without limiting the generality of the foregoing) all plant and machinery (including breakdown insurance) and breakage of glass for which the Lessor is responsible and loss of rent following damage;
Insurance by Lessor. Beginning on the Effective Date and continuing throughout the Initial Term and Option Terms, if exercised, of the Lease, Lessor shall maintain at its costs the following insurance coverages: a policy of comprehensive fire, extended coverage, vandalism, malicious mischief, and other endorsements deemed advisable by Xxxxxx, insuring the Leased Premises and all appurtenances thereto (excluding City’s inventory, trade fixtures, furniture, furnishings, equipment and personal property) for the full insurable replacement value thereof, with such a deductible not to exceed $10,000. Additionally, Lessor shall carry commercial general liability insurance covering as insured Lessor and naming City, its officers, officials, agents and employees as additional insureds, with a minimum limit of $1,000,000 per occurrence. This policy shall also be endorsed for contractual liability in the same amount, apply on a primary and noncontributory basis, and provide City thirty (30) days advance written notice of cancellation, non-renewal or material changes to the policy during the term of this Lease. As evidence of this coverage, Lessor shall furnish City with a certificate of insurance on a form approved by City, and, if requested by the City Risk Manager, Lessor shall provide copies of additional insured endorsements or policy. If the coverage required above expires while this Lease is in effect, Lessor shall provide a renewal certificate to City for approval.
