Common use of Insurance Companies Clause in Contracts

Insurance Companies. Insurance required to be maintained by LESSEE shall be written by companies licensed to do business in the state in which the Premises are located and having, at the time the initial policies are issued, a General Policyholders Rating of at least “A-/VII” (or such higher rating as may be required by a lender having a lien on the Premises) as set forth in the most current issue of “Best’s Insurance Guide.”

Appears in 17 contracts

Samples: Lease Agreement, Lease Agreement (New Abraxis, Inc.), Lease Agreement (New Abraxis, Inc.)

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