Common use of Insurance Coverage to be Maintained by Landlord Clause in Contracts

Insurance Coverage to be Maintained by Landlord. (a) At all times after the Date of Occupancy and during the Term, Landlord, at Xxxxxxxx’s sole cost and expense, must keep in force one or more commercial general liability insurance policy(ies) insuring Landlord against all claims and demands for personal injury or damage to property that are claimed to have occurred upon or about the Premises, Building, or appurtenant areas. The policy(ies) must be written on an occurrence basis to provide protection in an aggregate amount not less than $2,000,000 combined-single-limit for personal injury, death, and property damage, with a so-called "broad-form" endorsement and contractual liability coverage insuring Landlord’s performance of the indemnity agreement set forth in § 8.1. This policy also must name Tenant as an additional insured, but only if (i) Tenant occupies at least 20% of the tenanted portion of the Building using Landlord’s generally applicable standard of measurement, or (ii) the Usable Area of the Premises exceeds 20,000 square feet.

Appears in 3 contracts

Samples: www.massschoolbuildings.org, www.massschoolbuildings.org, www.massschoolbuildings.org

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Insurance Coverage to be Maintained by Landlord. (a) At all times after the Date of Occupancy and during the Term, Landlord, at Xxxxxxxx’s sole cost and expense, must keep in force one or more a commercial general liability insurance policy(ies) policy insuring Landlord against all claims and demands for personal injury or damage to property that are claimed to have occurred upon or about the Premises, Building, or appurtenant areas. The policy(ies) This policy must be written on an occurrence basis to provide protection in an aggregate amount not less than $2,000,000 combined-single-limit for personal injury, death, and property damage, with a so-called "broad-form" endorsement and contractual liability coverage insuring Landlord’s performance of the indemnity agreement set forth in § 8.1. This policy also must name Tenant as an additional insured, but only if (i) Tenant occupies at least 20% of the tenanted portion of the Building using Landlord’s generally applicable standard of measurement, or (ii) the Usable Area of the Premises exceeds 20,000 square feet.

Appears in 1 contract

Samples: www.bidnet.com

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