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. Should Lessee at any time fail to procure or maintain the insurance required by this Article, Lessor may obtain such insurance and pay the premiums 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 Xxxxxx.
Insurance by Lessor. LESSOR shall during the TERM hereof, at its sole expense, provide and keep in force insurance on the building 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. Beginning on the Effective Date and continuing throughout the Initial Term and Renewal Terms, if exercised, of the Lease, the 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 the Lessor insuring the Leased Premises and all appurtenances thereto (excluding the 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, the Lessor shall carry commercial general liability insurance including, but not limited to, bodily injury, property damage, and personal injury products covering as insured the Lessor and naming the 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. The above-required insurance shall provide the City with thirty (30) days advance written notice of cancellation, non-renewal or material changes to the policy during the Term of this Lease, and is to be placed with insurers who have an A.M. Best rating of no less than A- (A minus) and a Financial Category rating of no less than VII. As evidence of this above insurance coverage, the Lessor shall furnish the City with a certificate of insurance on a form approved by the City, and, if requested by the City Risk Manager, the Lessor shall provide copies of additional insured endorsements or policy. If the coverage required above expires while this Lease is in effect, the Lessor shall provide a renewal certificate to the City for approval ten (10) business days before the expiration of the policy.
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. Subject to the following sentence, Lessor shall, during the term of this Lease, procure and maintain commercial general liability insurance against injuries to persons occurring in, upon or about the Building and for property damage to the Building, the cost of which shall be Costs for purposes of Section 2(a) hereof. Lessor may meet its insurance requirements through an umbrella or excess insurance policy and, in its sole discretion, shall have the right to self-insure in whole or in part and to determine the amount of any deductible or the extent of coverage under Lessor’s insurance.
Insurance by Lessor. Lessor shall, at Lessor’s expense, procure and maintain at all times during the Term, policy or policies of insurance covering the loss or damage to the Building and Land in the amount not less than ninety percent (90%) of the full replacement cost thereof as new without deduction for depreciation thereof, providing protection against all perils included within the classification of fire and extended Lessor Lessee coverage, vandalism coverage and malicious mischief, water damage and special extended coverage on the Building. Said insurance shall be maintained in any insurance company authorized to do business in the State of Texas with a then current rating of “A” or “A+” according to Best’s Insurance Reports or Best’s Key Rating Guide as published by A.M. Best Company, in a greater amount if desired by Xxxxxx and at the expense of Lessor (subject to FAR passthroughs) and payment for losses thereunder shall be made solely to Lessor, subject, however, to the rights of the holder of any first lien mortgage or deed of trust which may now or hereafter encumber the Building of which the Premises form a part. If the annual premiums to be paid by Lessor shall exceed the standard rates because Lessee’s operations result in extra hazardous exposure, Lessee shall promptly pay the excess amount of the premium upon the request of the Lessor
