Common use of Insurance Policies Clause in Contracts

Insurance Policies. Insurance required hereunder shall be in companies duly licensed to transact business in the state where the Premises are located, and maintaining during the policy term a "General Policyholders Rating" of at least B+, V, or such other 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." Lessee shall not do or permit to be done anything which shall invalidate the insurance policies referred to in this Paragraph 8. If Lessee is the Insuring Party, Lessee shall cause to be delivered to Lessor certified copies of policies of such insurance or certificates evidencing the existence and amounts of such insurance with the insureds and loss payable clauses as required by this Lease. No such policy shall be cancellable or subject to modification except after thirty (30) days prior written notice to Lessor. Lessee shall at least thirty (30) days prior to the expiration of such policies, furnish Lessor with evidence of renewals or "insurance binders" evidencing renewal thereof, or Lessor may order such insurance and charge the cost thereof to Lessee, which amount shall be payable by Lessee to Lessor upon demand. If the Insuring Party shall fail to procure and maintain the insurance required to be carried by the Insuring Party under this Paragraph 8, the other Party may, but shall not be required to, procure and maintain the same, but at Lessee's expense.

Appears in 7 contracts

Samples: Sublease Agreement (Genoptix Inc), Standard Industrial/Commercial Single Tenant Lease Net (Staar Surgical Company), Lease Agreement (Kimberton Enterprises Inc)

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Insurance Policies. Insurance required hereunder shall be in companies duly licensed to transact business in the state where the Premises are located, and maintaining during the policy term a "General Policyholders Rating" of at least B+B +, V, or such other 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." Lessee shall not do or permit to be done anything which shall invalidate the insurance policies referred to in this Paragraph 8. If Lessee is the Insuring Party, Lessee shall cause to be delivered to Lessor certified copies of policies of such insurance or certificates evidencing the existence and amounts of such insurance with the insureds and loss payable clauses as required by this Lease. No such policy shall be cancellable cancelable or subject to modification except after thirty (30) days prior written notice to Lessor. Lessee shall at least thirty (30) days prior to the expiration of such policies, furnish Lessor with evidence of renewals or "insurance binders" evidencing renewal thereof, or Lessor may order such insurance and charge the cost thereof to Lessee, which amount shall be payable by Lessee to Lessor upon demand. If the Insuring Party shall fail to procure and maintain the insurance required to be carried by the Insuring Party under this Paragraph 8, the other Party may, but shall not be required to, procure and maintain the same, but at Lessee's expense.

Appears in 4 contracts

Samples: Lease Agreement (Idealab), Standard Industrial/Commercial Single Tenant Lease Net (Telenetics Corp), Lease Agreement (Idealab)

Insurance Policies. Insurance required hereunder shall be in companies duly licensed rated “A-XII” or better by A. M. Best Co., in Best’s Key guide. On or prior to transact business in the state where the Premises are located, and maintaining during the policy term a "General Policyholders Rating" of at least B+, V, or such other 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." Lessee shall not do or permit to be done anything which shall invalidate the insurance policies referred to in this Paragraph 8. If Lessee is the Insuring PartyCommencement Date, Lessee shall cause to be delivered deliver to Lessor certified copies of policies of such liability insurance required under Section 8.1 and policies of casualty insurance required by Section 8.2 or certificates evidencing the existence and amounts of such insurance, and in the case of the liability insurance with the insureds policy indicating that Lessor has been named an additional insured thereunder. All such policies and loss payable clauses as required by this Lease. No certificates of insurance shall state explicitly that such policy insurance shall not be cancellable cancelable or subject to reduction of coverage or other modification except after thirty (30) days prior written notice to Lessor. Lessee shall upon at least thirty (30) days prior days’ advance written notice by the insurer to the expiration of such policies, Lessor. Lessee shall furnish Lessor with evidence of renewals or "insurance binders" evidencing renewal thereof, or Lessor may order such insurance and charge the cost thereof to Lessee, which amount shall be payable by Lessee to Lessor upon demand. If Lessee shall not do or permit to be done anything which shall invalidate the Insuring Party shall fail insurance policies referred to procure in Sections 8.2 and Section 8.3. Either party may provide any required insurance under a so-called blanket policy or policies covering other parties and locations and may maintain the insurance required to be carried coverage by a so-called umbrella policy or policies, so long as the Insuring Party under this Paragraph 8, the other Party may, but shall required coverage is not be required to, procure and maintain the same, but at Lessee's expensethereby diminished.

Appears in 4 contracts

Samples: Standard Commercial Industrial Multi Tenant Triple Net Lease (HTG Molecular Diagnostics, Inc), Standard Commercial Industrial Multi Tenant Triple Net Lease (HTG Molecular Diagnostics, Inc), Standard Commercial Industrial Multi Tenant Triple Net Lease (HTG Molecular Diagnostics, Inc)

Insurance Policies. Insurance required hereunder shall be in companies duly licensed to transact business in the state where the Premises are located, and maintaining during the policy term a "General Policyholders Rating" of at least B+, V, or such other 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." Lessee shall not do or permit to be done anything which shall invalidate the insurance policies referred to in this Paragraph 8. If Lessee is the Insuring Party, Lessee shall cause to be delivered to Lessor certified copies of policies of such insurance or certificates evidencing the existence and amounts of such insurance with the insureds and loss payable clauses as required by this Lease. No such policy shall be cancellable or subject to modification except after thirty (30) days prior written notice to Lessor. Lessee shall at least thirty (30) days prior to the expiration of such policies, furnish Lessor with evidence of renewals or "insurance binders" ' evidencing renewal thereof, or Lessor may order such insurance and charge the cost thereof to Lessee, which amount shall be payable by Lessee to Lessor upon demand. If the Insuring Party shall fail to procure and maintain the insurance required to be carried by the Insuring Party under this Paragraph 8, the other Party may, but shall not be required to, procure and maintain the same, but at Lessee's expense.

Appears in 3 contracts

Samples: Standard Industrial/Commercial Single Tenant Lease Net (Details Inc), Standard Industrial/Commercial Single Tenant Lease Net (Details Capital Corp), Standard Industrial/Commercial Single Tenant Lease Net (Details Inc)

Insurance Policies. Insurance required hereunder herein shall be in provided by companies duly licensed or admitted to transact business in the state where the Premises are located, and maintaining during the policy term a "General Policyholders Rating" policyholders rating of A- or better and a financial category rating of at least B+, VClass X, or such other rating as may be required by a Lender having a lien on the PremisesLandlord’s Lender, as set forth in the most current issue of "Best's ’s Insurance Guide." Lessee ”. Each policy of insurance required to be maintained by Tenant hereunder shall name Landlord and Landlord’s Lender as additional insureds. Tenant shall not do or permit to be done anything which shall invalidate invalidates the required insurance policies referred policies. Tenant shall, prior to in this Paragraph 8. If Lessee is the Insuring PartyCommencement Date, Lessee shall cause deliver to be delivered to Lessor certified copies of policies of such insurance or Landlord certificates evidencing the existence and amounts of such insurance the required insurance, along with certified copies of the insureds and loss payable clauses as required policies therefor (if requested by this LeaseLandlord). No such policy shall be cancellable cancelable or subject to modification except after thirty (30) days days’ prior written notice to LessorLandlord. Lessee shall Tenant shall, at least thirty (30) days prior to the expiration of such policies, furnish Lessor Landlord with evidence of renewals or "insurance binders" evidencing renewal thereof, or Lessor Landlord may order such insurance and charge the cost thereof to LesseeTenant, which amount shall be payable by Lessee Tenant to Lessor Landlord upon demand. Such policies shall be for a term of at least one (1) year, or the length of the remaining term of this Lease, whichever is less. If the Insuring either Party shall fail to procure and maintain the insurance required to be carried by the Insuring Party under this Paragraph 8it, the other Party may, but shall not be required to, procure and maintain the same, but at Lessee's expense.

Appears in 3 contracts

Samples: Lease (Globeimmune Inc), Lease (Globeimmune Inc), Lease (Replidyne Inc)

Insurance Policies. Insurance required hereunder shall be in companies duly licensed to transact business in the state where the Premises are located, and maintaining during the policy term holding a "General Policyholders Rating" of at least B+, VB plus, or such other rating as may be required by a Lender lender having a lien line on the Premises, as set forth in the most current issue of "Best's Insurance Guide." Lessee The insuring party shall not do or permit deliver to be done anything which shall invalidate the insurance policies referred to in this Paragraph 8. If Lessee is the Insuring Party, Lessee shall cause to be delivered to Lessor certified other party copies of policies of such insurance or certificates evidencing the existence and amounts of such insurance with the insureds and loss payable clauses as required by this Leaseparagraph 8. No such policy shall be cancellable cancelable or subject to reduction of coverage or other modification except after thirty (30) days days' prior written notice to Lessor. If Lessee shall is the insuring party Lessee shall, at least thirty (30) days prior to the expiration of such policies, furnish Lessor with evidence of renewals or "insurance binders" evidencing renewal thereof, or Lessor may order such insurance and charge the cost thereof to Lessee, which amount shall be payable by Lessee to Lessor upon demand. If the Insuring Party Lessee shall fail not do or permit to procure and maintain be done anything which shall invalidate the insurance required policies referred to be carried by in Paragraph 8.3, then Lessee shall forthwith upon Lessor's demand reimburse Lessor for any additional premiums attributable to any act or omission or operation of Lessee causing such increase in the Insuring Party under this Paragraph 8cost of insurance. If Lessor is the insuring party, and if the insurance policies maintained hereunder cover other Party mayimprovements in addition to the Premises, but Lessor shall not be required to, procure deliver to Lessee a written statement setting forth the amount of any such insurance cost increase and maintain showing in reasonable detail the same, but at Lessee's expensemanner in which it has been computed.

Appears in 3 contracts

Samples: Standard Industrial Lease (Butterfield & Butterfield Auctioneers Corp), Standard Industrial Lease (Butterfield & Butterfield Auctioneers Corp), Standard Industrial Lease (Butterfield & Butterfield Auctioneers Corp)

Insurance Policies. Insurance required hereunder shall be in companies duly licensed to transact business in the state where the Premises are located, and maintaining during the policy term a "General Policyholders Rating" of at least B+, V, or such other 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." Lessee shall not do or permit to be done anything which shall invalidate the insurance policies referred to in this Paragraph 8. If Lessee is the Insuring Party, Lessee shall cause to be delivered to Lessor certified copies of policies of such insurance or certificates evidencing the existence and amounts of such insurance with the insureds and loss payable clauses as required by this Lease. No such policy shall be cancellable or subject to modification except after thirty (30) days prior written notice to Lessor. Lessee shall at least thirty (30) days prior to the expiration of such policies, furnish Lessor with evidence of renewals or "insurance binders" evidencing renewal thereof, or Lessor may order such insurance and charge the cost thereof to Lessee, which amount shall be payable by Lessee to Lessor upon demand. If the Insuring Party shall fail to procure and maintain the insurance required to be carried by the Insuring Party under this Paragraph 8, the other Party may, but shall not be required to, procure and end maintain the same, but at Lessee's expense.

Appears in 3 contracts

Samples: Standard Industrial/Commercial Single Tenant Lease Net (Burke Industries Inc /Ca/), Lease Agreement (Burke Industries Inc /Ca/), Standard Industrial/Commercial Single Tenant Lease Net (Burke Industries Inc /Ca/)

Insurance Policies. Insurance required hereunder to be maintained by Tenant shall be in written by companies duly (i) licensed to transact do business in the state where State of California, (ii) domiciled in the Premises are locatedUnited States of America, and maintaining during the policy term (iii) having a "General Policyholders Rating" of at least B+, V, A:X (or such other higher rating as may be required by a Lender lender having a lien on the Premises, ) as set forth in the most current issue of "A.M. Best's Insurance GuideRating Guides." Lessee shall not do or permit to be done anything which shall invalidate Any deductible amounts under any of the insurance policies referred required hereunder shall not exceed Five Thousand Dollars ($5,000). Tenant shall deliver to in this Paragraph 8. If Lessee is the Insuring Party, Lessee shall cause Landlord certificates of insurance and true and complete copies of any and all endorsements required herein for all insurance required to be delivered maintained by Tenant hereunder at the time of execution of this Lease by Tenant. Tenant shall, at least fifteen (15) days prior to Lessor certified copies expiration of each policy, furnish Landlord with certificates of renewal or "binders" thereof. Each certificate shall expressly provide that such policies of such insurance shall not be cancelable or certificates evidencing the existence and amounts of such insurance with the insureds and loss payable clauses as required by this Lease. No such policy shall be cancellable or otherwise subject to material modification except after thirty (30) days prior written notice to Lessor. Lessee the parties named as additional insureds as required in this Lease (except for cancellation for nonpayment of premium, in which event cancellation shall not take effect until at least thirty ten (3010) days prior days' notice has been given to Landlord). Tenant shall have the right to provide insurance coverage which it is obligated to carry pursuant to the expiration terms of this Lease under a blanket insurance policy, provided such policies, furnish Lessor with evidence of renewals or "insurance binders" evidencing renewal thereof, or Lessor may order such insurance blanket policy expressly affords coverage for the Premises and charge the cost thereof to Lessee, which amount shall be payable for Landlord as required by Lessee to Lessor upon demand. If the Insuring Party shall fail to procure and maintain the insurance required to be carried by the Insuring Party under this Paragraph 8, the other Party may, but shall not be required to, procure and maintain the same, but at Lessee's expenseLease.

Appears in 3 contracts

Samples: Lease Agreement (Abaxis Inc), Lease Agreement (Abaxis Inc), Lease Agreement (New Focus Inc)

Insurance Policies. Insurance required hereunder to be maintained by Tenant shall be in written by companies duly (i) licensed to transact do business in the state where State of California, (ii) domiciled in the Premises are locatedUnited States of America, and maintaining during the policy term (iii) having a "General Policyholders Rating" of at least B+, V, A:X (or such other higher rating as may be required by a Lender lender having a lien on the Premises, ) as set forth in the most current issue of "A.M. Best's Insurance GuideRating Guides." Lessee shall not do or permit to be done anything which shall invalidate Any deductible amounts under any of the insurance policies referred required hereunder shall not exceed One Thousand Dollars ($1,000). Tenant shall deliver to in this Paragraph 8. If Lessee is the Insuring Party, Lessee shall cause Landlord certificates of insurance and true and complete copies of any and all endorsements required herein for all insurance required to be delivered maintained by Tenant hereunder at the time of execution of this Lease by Tenant. Tenant shall, at least thirty (30) days prior to Lessor certified copies expiration of each policy, furnish Landlord with certificates of renewal or "binders" thereof. Each certificate shall expressly provide that such policies of such insurance shall not be cancelable or certificates evidencing the existence and amounts of such insurance with the insureds and loss payable clauses as required by this Lease. No such policy shall be cancellable or otherwise subject to modification except after thirty (30) days prior written notice to Lessor. Lessee the parties named as additional insureds as required in this Lease (except for cancellation for nonpayment of premium, in which event cancellation shall not take effect until at least thirty ten (3010) days prior days' notice has been given to Landlord). Tenant shall have the right to provide insurance coverage which it is obligated to carry pursuant to the expiration terms of this Lease under a blanket insurance policy, provided such policies, furnish Lessor with evidence of renewals or "insurance binders" evidencing renewal thereof, or Lessor may order such insurance blanket policy expressly affords coverage for the Premises and charge the cost thereof to Lessee, which amount shall be payable for Landlord as required by Lessee to Lessor upon demand. If the Insuring Party shall fail to procure and maintain the insurance required to be carried by the Insuring Party under this Paragraph 8, the other Party may, but shall not be required to, procure and maintain the same, but at Lessee's expenseLease.

Appears in 3 contracts

Samples: Lease Agreement (Pri Automation Inc), Lease Agreement (Nuance Communications), Lease Agreement (Ditech Corp)

Insurance Policies. Insurance required hereunder shall be in companies duly licensed to transact business in the state where the Premises are located, and maintaining during the policy term a "General Policyholders Rating" of at least B+, V, or such other 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." Lessee shall not do or permit to be done anything which shall invalidate the insurance policies referred to in this Paragraph 8. If Lessee is the Insuring Party, Lessee shall cause to be delivered to Lessor certified copies of policies of such insurance or of certificates evidencing the existence and amounts of such insurance with the insureds and loss payable clauses as required by this Lease. No such policy shall be cancellable or subject to modification except after thirty (30) days prior written notice to Lessor. Lessor Lessee shall at least thirty (30) days prior to the expiration of such policies, furnish Lessor with evidence of renewals or "insurance binders" evidencing renewal thereof, or Lessor may order such insurance and charge the cost thereof to Lessee, which amount shall be payable by Lessee to Lessor upon demand. If the Insuring Party shall fail to procure and maintain the insurance required to be carried by the Insuring Party under this Paragraph 8, the other Party may, may but shall not be required to, procure and maintain the same, but at Lessee's expense.

Appears in 2 contracts

Samples: Standard Industrial/Commercial Single Tenant Lease (CCC Globalcom Corp), Standard Industrial/Commercial Single Tenant Lease (Incomnet Inc)

Insurance Policies. Insurance required hereunder shall be in companies duly licensed to transact business in the state where the Premises are located, and maintaining during the policy term a "General Policyholders Rating" of at least B+, V, or such other 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." Lessee shall not do or permit to be done anything which shall invalidate the insurance policies referred to in this Paragraph 8. If Lessee is the Insuring Party, Lessee shall cause to be delivered to Lessor certified copies of policies of such insurance or certificates evidencing the existence and amounts of such insurance with the insureds and loss payable clauses as required by this Lease. No such policy shall be cancellable or subject to modification except after thirty (30) days prior written notice to Lessor. Lessee shall at least thirty (30) days prior to the expiration of such policies, furnish Lessor with evidence of renewals or "insurance binders" evidencing renewal thereof, or Lessor may order such insurance and charge the cost thereof to Lessee, which amount shall be payable by Lessee to Lessor upon demand. If the Insuring Party shall fail to procure and maintain the insurance required to be carried by the Insuring Party under this Paragraph 8, the other Party may, but shall not be required to, procure and maintain the same, but at LesseeXxxxxx's expense.

Appears in 2 contracts

Samples: Long Term Lease (Pacific Research & Engineering Corp), Standard Industrial/Commercial Single Tenant Lease (Prolong International Corp)

Insurance Policies. If Tenant is the Insuring Party, Insurance required hereunder per this ¶16. shall be in with companies duly licensed to transact business in the state where the Premises are located, and maintaining during the policy term a "General Policyholders Rating" of at least B+, VA- X, or such other minimal rating as may be required by a Lender having a lien on the Premises, Lender(s) as set forth in the most current issue of "Best's ’s Insurance Guide." Lessee ”. Tenant shall not do or permit to be done anything which shall invalidate the insurance policies referred to in this Paragraph 8¶16. If Lessee Tenant is the Insuring Party, Lessee Tenant shall cause to be delivered to Lessor certified copies of policies of such insurance or Landlord certificates evidencing the existence and amounts of such insurance with the insureds and loss payable clauses as required by this Lease. No such policy shall be cancellable cancelable or subject to modification or lapse except after thirty (30) days prior written notice to LessorLandlord. Lessee Tenant shall at least thirty (30) days prior to the expiration of such policies, furnish Lessor Landlord with evidence of renewals or "certificates of insurance binders" evidencing renewal thereof, or Lessor Landlord may order such insurance and charge the cost thereof to LesseeTenant, which amount shall be payable by Lessee Tenant to Lessor Landlord upon demand. If the Insuring Party shall fail to procure and maintain the insurance required to be carried by the Insuring Party under this Paragraph 8¶16., the other Party may, but shall not be required to, procure and maintain the same, but at Lessee's Tenant’s expense.

Appears in 2 contracts

Samples: Standard Single Tenant NNN Lease (Lsi Logic Corp), Standard Single Tenant NNN Lease (Lsi Logic Corp)

Insurance Policies. Insurance required hereunder to be maintained by Tenant shall be in written by companies duly (i) licensed to transact do business in the state where State of California, (ii) domiciled in the Premises are locatedUnited States of America, and maintaining during the policy term (iii) having a "General Policyholders Rating" of at least B+, V, A:X (or such other higher rating as may be required by a Lender lender having a lien on the Premises, ) as set forth in the most current issue of "A.M. Best's Insurance GuideRating Guides." Lessee shall not do or permit to be done anything which shall invalidate Any deductible amounts under any of the insurance policies referred required hereunder shall not exceed One Thousand Dollars ($1,000). Tenant shall deliver to in this Paragraph 8. If Lessee is the Insuring Party, Lessee shall cause Landlord certificates of insurance and true and complete copies of any and all endorsements required herein for all insurance required to be delivered maintained by Tenant hcreynder at the time of execution of this Lease by Tenant. Tenant shall, at least thirty (30) days prior to Lessor certified copies expiration of each policy, fumish Landlord with certificates of renewal o ,r "binders" thereof. Each certificate shall expressly provide that such policies of such insurance shall not be cancelable or certificates evidencing the existence and amounts of such insurance with the insureds and loss payable clauses as required by this Lease. No such policy shall be cancellable or otherwise subject to modification except after thirty (30) days prior written notice to Lessor. Lessee the parties named as additional insureds as required in this Lease (except for cancellation for nonpayment of premium, in which event cancellation shall not take effect until at least thirty ten (3010) days prior days' notice has been given to Landlord). Tenant shall have the right to provide insurance coverage which it is obligated to carry pursuant to the expiration terms of this Lease under a blanket insurance policy, provided such policies, furnish Lessor with evidence of renewals or "insurance binders" evidencing renewal thereof, or Lessor may order such insurance blanket policy expressly affords coverage for the Pren-dses and charge the cost thereof to Lessee, which amount shall be payable for Landlord as required by Lessee to Lessor upon demand. If the Insuring Party shall fail to procure and maintain the insurance required to be carried by the Insuring Party under this Paragraph 8, the other Party may, but shall not be required to, procure and maintain the same, but at Lessee's expenseLease.

Appears in 2 contracts

Samples: Lease Agreement (Competitive Companies Inc), Lease Agreement (Third Enterprise Service Group Inc)

Insurance Policies. Insurance required hereunder shall be in companies duly licensed to transact business in the state where the Premises are located, and maintaining during the policy term a "General Policyholders Rating" of at least B+, V, or such other 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." Lessee shall not do or permit to be done anything which shall invalidate the insurance policies referred to in this Paragraph 8. If Lessee is the Insuring Party, Lessee shall cause to be delivered to Lessor certified copies of policies of such insurance or certificates evidencing the existence and amounts of such insurance with the insureds and loss payable clauses as required by this Lease. No such policy shall be cancellable or subject to modification except after thirty (30) days prior written notice to Lessor. Lessee shall at least thirty (30) days prior to the expiration of such policies, furnish Lessor with evidence of renewals or "insurance binders" evidencing renewal thereof, or Lessor may order such insurance and charge the cost thereof to Lessee, which amount shall be payable by to Lessee to Lessor upon demand. If the Insuring Party shall fail to procure and maintain the insurance required to be carried by the Insuring Party under this Paragraph 8, the other Party may, but shall not be required to, procure and maintain the same, but at LesseeXxxxxx's expense.

Appears in 2 contracts

Samples: Lease Agreement (Future Media Productions), Lease Agreement (Future Media Productions)

Insurance Policies. Insurance If Tenant is the Insuring Party, insurance required hereunder per this (P) 16. shall be in with companies duly licensed to transact business in the state where the Premises are located, and maintaining during the policy term a "General Policyholders Rating" of at least B+, VA- X, or such other minimal rating as may be required by a Lender having a lien on the Premises, Lender(s) as set forth in the most current issue of "Best's Insurance Guide." Lessee Tenant shall not do or permit to be done anything which shall invalidate the insurance policies referred to in this Paragraph 8(P) 16. If Lessee Tenant is the Insuring Party, Lessee Tenant shall cause to be delivered to Lessor Landlord certified copies of policies of such insurance or certificates evidencing the existence and amounts of such insurance with the insureds and loss payable clauses as required by this Lease. No such policy shall be cancellable cancelable or subject to modification except after thirty (30) days prior written notice to LessorLandlord. Lessee Tenant shall at least thirty (30) days prior to the expiration of such policies, furnish Lessor Landlord with evidence of renewals or "insurance binders" evidencing renewal thereof, or Lessor Landlord may order such insurance and charge the cost thereof to LesseeTenant, which amount shall be payable by Lessee Tenant to Lessor Landlord upon demand. If the Insuring Party shall fail to procure and maintain the insurance required to be carried by the Insuring Party under this Paragraph 8(P) 16., the other Party may, but shall not be required to, procure and maintain the same, but at LesseeTenant's expense.

Appears in 2 contracts

Samples: Lease Agreement (Docent Inc), Lease Agreement (Docent Inc)

Insurance Policies. Insurance required hereunder shall be in companies duly licensed to transact business in the state where the Premises are located, and maintaining during the policy term a "General Policyholders Rating" of at least B+B +, V, or such other 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." Lessee shall not do or permit to be done anything which shall invalidate the insurance policies referred to in this Paragraph 8. If Lessee is the Insuring Party, Lessee shall cause to be delivered to Lessor certified copies of policies of such insurance or certificates evidencing the existence and amounts of such insurance with the insureds and loss payable clauses as required by this Lease. No such policy shall be cancellable or subject to modification except after thirty (30) days days' prior written notice to Lessor. Lessee shall at least thirty (30) days prior to the expiration of such policies, furnish Lessor with evidence of renewals or "insurance binders" evidencing renewal thereof, or Lessor may order such insurance and charge the cost thereof to Lessee, which amount shall be payable by Lessee to Lessor upon demand. If the Insuring Party shall fail to procure and maintain the insurance required to be carried by the Insuring Party under this Paragraph 8, the other Party may, but shall not be required to, procure and maintain the same, but at Lessee's expense.

Appears in 2 contracts

Samples: Standard Industrial/Commercial Single Tenant Lease Net (Netcom Systems Inc), Standard Industrial/Commercial Single Tenant Lease Net (Netcom Systems Inc)

Insurance Policies. Insurance Policies of insurance required hereunder to be taken out by the Tenant must be with companies satisfactory to the Landlord and must: (a) the liability policy in section 27(c) shall be in companies duly licensed to transact business in name the state where the Premises are locatedLandlord as an additional insured, and maintaining during the policy term "additional insured clause" shall include a "General Policyholders Rating" severability of at least B+, V, or such interests clause and cross-liability clause; (b) the Landlord reserves the right to impose other rating forms of insurance coverage as may would be reasonably required by of a Lender having a lien on the Premises, as set forth in the most current issue of "Best's Insurance Guide." Lessee shall not do or permit to be done anything which shall invalidate prudent tenant; (c) it is understood and agreed that the insurance policies referred will be considered as primary insurance and shall not call into contribution any other insurance that may be available to the Landlord; (d) the policy in this Paragraph 8. If Lessee section 27(c) shall contain a waiver of any subrogation rights which the Tenant's insurers may have against the Landlord or those for whom the Land is in law responsible; (e) include that the Insuring PartyLandlord is protected notwithstanding any act, Lessee shall cause neglect or misrepresentation by the Tenant which might otherwise result in the avoidance of a claim and that such policies are not affected or invalidated by any act, omission or negligence of any third party which is not within the knowledge or control of the insureds; (f) be issued by an insurance company entitled to carry on the business of insurance under the laws of British Columbia; (g) be delivered primary and non-contributing with respect to Lessor certified copies of any policies of carried by the Landlord and that any coverage carried bythe Landlord isexcess coverage; (h) all such insurance policies shall stay in force and not be amended, cancelled or certificates evidencing allowed to lapse and shall contain an endorsement to provide the existence and amounts of such insurance Landlord with the insureds and loss payable clauses as required by this Lease. No such policy shall be cancellable or subject to modification except after thirty (30) days prior written notice to Lessor. Lessee shall at least thirty the Chief Administrative Officer of the District of Tumbler Ridge; (30i) days prior include a cross liability clause; and (j) be on other terms acceptable to the expiration of such policiesLandlord, furnish Lessor with evidence of renewals or "insurance binders" evidencing renewal thereof, or Lessor may order such insurance and charge the cost thereof to Lessee, which amount shall be payable by Lessee to Lessor upon demand. If the Insuring Party shall fail to procure and maintain the insurance required to be carried by the Insuring Party under this Paragraph 8, the other Party may, but shall not be required to, procure and maintain the same, but at Lessee's expenseacting reasonably.

Appears in 2 contracts

Samples: Lease Agreement, Lease Agreement

Insurance Policies. Insurance required hereunder per this ¶16 shall be in with companies duly licensed to transact business in the state where the Premises are located, and maintaining during the policy term a "General Policyholders Rating" of at least B+, VA- VIII, or such other minimal rating as may be required by a Lender having a lien on the Premises, Lender(s) as set forth in the most current issue of "Best's ’s Insurance Guide." Lessee ” Tenant shall not do or permit to be done anything which shall invalidate the insurance policies referred to in this Paragraph 8¶16. If Lessee Tenant is the Insuring Party, Lessee Tenant shall cause to be delivered to Lessor Landlord certified copies of policies of such insurance or certificates evidencing the existence and amounts of such insurance with the insureds and loss payable clauses as required by this Lease. No such policy shall be cancellable cancelable or subject to modification or lapse except after thirty (30) days prior written notice to LessorLandlord. Lessee Tenant shall at least thirty (30) days prior to the expiration of such policies, furnish Lessor Landlord with evidence of renewals or "insurance binders" evidencing renewal thereof, or Lessor Landlord may order such insurance and charge the cost thereof to LesseeTenant, which amount shall be payable by Lessee Tenant to Lessor Landlord upon demand. If the Insuring Party shall fail to procure and maintain the insurance required to be carried by the Insuring Party under this Paragraph 8¶16, the other Party may, but shall not be required to, procure and maintain the same, but at Lessee's expensethe expense of the Party that was originally required to pay such insurance either directly or as part of Operating Expenses.

Appears in 2 contracts

Samples: Standard NNN Lease (3PAR Inc.), Standard NNN Lease (3PAR Inc.)

Insurance Policies. Insurance required hereunder shall be kept in ------------------ companies duly licensed to transact business in the state where the Premises are located, State of California and maintaining during the policy term a "General Policyholders Rating" of at least B+A, V, VIII or such other rating as may be required by a Lender having a lien on the PremisesLandlord, as set forth in the most current issue of "Best's Insurance Guide." Lessee Tenant shall not do or permit to be done anything which shall invalidate the insurance policies referred to in this Paragraph 8Article. If Lessee is the Insuring PartyWith respect to insurance required of Tenant hereunder, Lessee Tenant shall cause to be delivered to Lessor Landlord certified copies of policies of such insurance or certificates evidencing the existence and amounts of such insurance with the insureds and loss payable clauses as required by this Lease. No such policy shall be cancellable cancelable or subject to modification except after thirty (30) days prior written notice to LessorLandlord. Lessee shall Tenant shall, at least thirty (30) days prior to the expiration of such policies, furnish Lessor Landlord with evidence of renewals or "insurance binders" evidencing renewal thereof, or Lessor else Landlord may order such insurance and charge the cost thereof to LesseeTenant, which amount shall be payable by Lessee Tenant to Lessor Landlord upon demand. If the Insuring Party Tenant shall fail to procure and maintain the insurance required to be carried by the Insuring Party Tenant under this Paragraph 8Article, the other Party Landlord may, but shall not be required to, procure and maintain the samesuch insurance, but at LesseeTenant's expense.

Appears in 2 contracts

Samples: Lease Agreement (Pinnacle Entertainment Inc), Lease (Hollywood Park Operating Co)

Insurance Policies. Insurance required hereunder shall be in companies duly licensed to transact business in the state where the Premises are located, and maintaining during the policy term a "General Policyholders Rating" of at least B+, V, or such other rating as may be required by a Lender having a lien on the Premises, A- 14 as set forth in the most current issue of "Best's Insurance Guide." Lessee shall not do or permit to be done anything which shall invalidate the insurance policies referred to in this Paragraph 86. If Lessee is the Insuring Party, Lessee shall cause to be delivered to Lessor certified copies of policies of such insurance or certificates evidencing the existence and amounts of such insurance with the insureds and loss payable clauses as required by this Lease. No such policy shall be cancellable cancelable or subject to modification except after thirty (30) days prior written notice to Lessor. Lessee shall at least thirty (30) days prior to the expiration of such policies, furnish Lessor with evidence of renewals or "insurance binders" evidencing renewal thereof, or Lessor may order such insurance and charge the cost thereof to Lessee, which amount shall be payable by Lessee to Lessor upon demand. If the Insuring Party Lessee shall fail to procure and maintain the insurance required to be carried by the Insuring Party Lessee under this Paragraph 86, the other Party Lessor may, but shall not be required to, procure and maintain the same, but at Lessee's expense.

Appears in 2 contracts

Samples: Real Estate and Equipment Master Transfer Agreement (Talbert Medical Management Holdings Corp), Real Estate and Equipment Master Transfer Agreement (Talbert Medical Management Holdings Corp)

Insurance Policies. Insurance required hereunder herein shall be in by companies duly licensed or admitted to transact business in the state where the Premises are located, and maintaining during the policy term a "General Policyholders Rating" of at least B+, V, or such other rating as may be required by a Lender having a lien on the PremisesA, as set forth in the most current issue of "Best's Insurance Guide." ", or such other rating as may be required by a Lender. Lessee shall not do or permit to be done anything which shall invalidate invalidates the required insurance policies referred policies. Lessee shall, prior to in this Paragraph 8. If Lessee is the Insuring PartyCommencement Date, Lessee shall cause to be delivered deliver to Lessor certified copies of policies of such insurance or certificates endorsements evidencing the existence and amounts of such insurance the required insurance. Lessee shall use commercially reasonable efforts to cause the insurer to provide Lessor with the insureds and loss payable clauses as required by this Lease. No such policy shall be cancellable or subject to modification except after at least thirty (30) days days' prior written notice to Lessor. of any proposed cancellation of any of Lessee's insurance policies described in Paragraphs 8.2 or 8.4 above Lessee shall shall, at least thirty (30) days prior to the expiration of such policies, furnish Lessor with evidence satisfactory to Lessor of renewals or "insurance binders" evidencing renewal thereof, or Lessor may order such insurance and charge the cost thereof to Lessee, which amount shall be payable by Lessee to Lessor upon demand. If ; provided, however, that any cancellation of such policies of insurance during the Insuring Party Term shall fail to procure and maintain the insurance required to be carried by the Insuring Party under this Paragraph 8, the other Party may, but shall not be required to, procure and maintain the same, but at constitute a Breach of Lessee's expenseobligations hereunder (subject to cure in accordance with Paragraph 13.

Appears in 2 contracts

Samples: Standard Industrial/Commercial Single Tenant Lease Net (Advanced Fibre Communications Inc), Asset Purchase and Sale Agreement (Marconi Corp PLC)

Insurance Policies. Insurance required hereunder shall be in companies duly licensed to transact business in the state where the Premises are located, and maintaining during the policy term a "General Policyholders Rating" of at least B+, V, or such other 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." Lessee shall not do or permit to be done anything which shall invalidate the insurance policies referred to in this Paragraph 8. If Lessee is the Insuring Party, Lessee shall cause to be delivered to Lessor certified copies of policies of such insurance or certificates evidencing the existence and amounts of such insurance with the insureds and loss payable clauses as required by this Lease. No such policy shall be cancellable or subject to modification except after thirty (30) days prior written notice to Lessor. Lessee shall at least thirty (30) days prior to the expiration of such policies, furnish Lessor with evidence of renewals or "insurance Insurance binders" evidencing renewal thereof, or Lessor may order such insurance and charge the cost thereof to Lessee, which amount shall be payable by Lessee to Lessor upon demand. If the Insuring Party shall fail to procure and maintain the insurance required to be carried by the Insuring Party under this Paragraph 8, the other Party may, but shall not be required to, procure and maintain the same, but at Lessee's expense.

Appears in 2 contracts

Samples: Standard Industrial/Commercial Single Tenant Lease (Packeteer Inc), Sublease Agreement (Exodus Communications Inc)

Insurance Policies. Insurance required hereunder shall be in companies duly licensed to transact business in the state where the Premises are located, and maintaining during the policy term a "General Policyholders Rating" of at least B+, V, or such other rating as may be required by a Lender having a lien on the PremisesLender, as set forth in the most current issue of "Best's ’s Insurance Guide." Lessee shall not do or permit to be done anything which shall invalidate the insurance policies referred to in Initials: /s/ BL AL CP to Lessor’s rights under Paragraph 6.2(c) and Paragraph 13), Lessor may at Lessor’s option either (i) investigate and remediate such Hazardous Substance Condition, if required, as soon as reasonably possible at Lessor’s expense, in which event this Paragraph 8. If Lease shall continue in full force and effect, or (ii) if the estimate cost to investigate and remediate such condition exceeds twelve (12) times the then monthly Base Rent or $100,000 whichever is greater, give written notice Lessee is the Insuring Party, Lessee shall cause to be delivered to Lessor certified copies of policies of such insurance or certificates evidencing the existence and amounts of such insurance with the insureds and loss payable clauses as required by this Lease. No such policy shall be cancellable or subject to modification except after within thirty (30) days prior after receipt by Lessor of knowledge of the occurrence of such Hazardous Substance Condition of Lessor’s desire to terminate to Lease as of the date sixty (60) days following the date of such notice. In the event Lessor elects to give such notice of Lessor’s intention to terminate this Lease. Lessee shall have the right within ten (10) days after the receipt of such notice to give written notice to Lessor. Lessee shall at least Lessor of Lessee’s commitment to pay for the excess cost of (a) investigation and remediation of such Hazardous Substance Condition to the extent required by Applicable Requirements, over (b) an amount equal assurance thereof within thirty (30) days prior following said commitment by Lessee. In such event this Lease shall continue in full force and effect, and Lessor shall proceed to make such investigation and remediation as soon as reasonably possible after the expiration of such policies, furnish Lessor with evidence of renewals or "insurance binders" evidencing renewal thereof, or Lessor may order such insurance and charge the cost thereof to Lessee, which amount shall be payable by Lessee to Lessor upon demandrequired funds are available. If Lessee does not give such notice and provide the Insuring Party required funds or assurance thereof within the time period specified above, this Lease shall fail to procure and maintain terminate as of the insurance required to be carried by the Insuring Party under this Paragraph 8, the other Party may, but shall not be required to, procure and maintain the same, but at Lessee's expensedate specified in Lessor’s notice of termination.

Appears in 1 contract

Samples: Standard Industrial/Commercial Multi Tenant Lease (Interactive Health, Inc.)

Insurance Policies. Insurance required hereunder shall be in companies duly licensed rated “A-XII” or better by A. M. Best Co., in Best’s Key guide. On or prior to transact business in the state where the Premises are located, and maintaining during the policy term a "General Policyholders Rating" of at least B+, V, or such other 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." Lessee shall not do or permit to be done anything which shall invalidate the insurance policies referred to in this Paragraph 8. If Lessee is the Insuring PartyCommencement Date, Lessee shall cause to be delivered deliver to Lessor certified copies of policies of such liability insurance or required under Section 8.1 or, at Lessor’s election, certificates evidencing the existence and amounts of such insurance with and naming Lessor, Lessor’s property manager, any indemnified party under the Lease and such other parties as Lessor may require, as additional insureds thereunder. All such policies and loss payable clauses as required by this Lease. No such policy certificates of insurance shall be cancellable on forms reasonably acceptable to Lessor and shall state explicitly that such insurance shall not be cancelable or subject to reduction of coverage or other modification except after thirty (30) days prior upon at least 30 days’ advance written notice by the insurer to Lessor. All deductible amounts in the insurance required to be carried by Lessee hereunder shall be subject to Lxxxxx’s reasonable approval. Lessee shall at least thirty (30) days prior to the expiration of such policies, furnish Lessor with evidence of renewals or "insurance binders" evidencing renewal thereof, or Lessor may order such insurance and charge the cost thereof to Lessee, which amount shall be payable by Lessee to Lessor upon demand. If Lessee shall not do or permit to be done anything which shall invalidate the Insuring Party shall fail insurance policies referred to procure in Sections 8.2 or 8.3. Either party may provide any required insurance under a so-called blanket policy or policies covering other parties and locations and may maintain the insurance required to be carried coverage by a so-called umbrella policy or policies, so long as the Insuring Party under this Paragraph 8, the other Party may, but shall required coverage is not be required to, procure and maintain the same, but at Lessee's expensethereby diminished.

Appears in 1 contract

Samples: Commercial Industrial Triple Net Lease (PLBY Group, Inc.)

Insurance Policies. Insurance required hereunder herein shall be in by companies duly licensed or admitted to transact business in the state where the Premises are located, and maintaining during the policy term a "General Policyholders Rating" of at least B+, V, or such other 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." ", or such other rating as may be required by a Lender. Lessee shall not do or permit to be done anything which shall invalidate invalidates the required insurance policies referred policies. Lessee shall, prior to in this Paragraph 8. If Lessee is the Insuring PartyStart Date, Lessee shall cause to be delivered deliver to Lessor certified copies of policies of such insurance or certificates evidencing the existence and amounts of such insurance with the insureds and loss payable clauses as required by this Leaseinsurance. No such policy shall be cancellable cancelable or subject to modification limits reduced in scope except after thirty (30) days prior written notice to Lessor. Lessee shall shall, at least thirty (30) days prior to the expiration of such policies, furnish Lessor with evidence of renewals or "insurance binders" evidencing renewal thereof, or Lessor may order such insurance and charge the cost thereof to Lessee, which amount shall be payable by Lessee to Lessor upon demand. Such policies shall be for a term of at least one year, or the length of the remaining term of this Lease, whichever is less. If the Insuring either Party shall fail to procure and maintain the insurance required to be carried by the Insuring Party under this Paragraph 8it, the other Party may, but shall not be required to, procure and maintain the same, but at Lessee's expense.

Appears in 1 contract

Samples: Standard Industrial/Commercial Single Tenant Lease (Masimo Corp)

Insurance Policies. Insurance required hereunder shall be in companies duly licensed to transact business in the state where the Premises are located, and maintaining during the policy term a "General Policyholders Rating" of at least B+, V, "A:XIII" or such other 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." Lessee shall not do or permit to be done anything which shall invalidate the insurance policies referred to in this Paragraph 8. If Lessee is the Insuring Party, Lessee shall cause to be delivered to Lessor certified copies of policies of such insurance or certificates evidencing the existence and amounts of such insurance with the insureds and loss payable clauses as required by this Lease. No such policy shall be cancellable or subject to modification except after thirty (30) days prior written notice to Lessor. Lessee shall at least thirty (30) days prior to the expiration of such policies, furnish Lessor with evidence of renewals or "insurance binders" evidencing renewal thereof, or Lessor may order such insurance and charge the cost thereof to Lessee, which amount shall be payable by Lessee to Lessor upon demand. If the Insuring Party shall fail to procure and maintain the insurance required to be carried by the Insuring Party under this Paragraph 8, the other Party may, but shall not be required to, procure and maintain the same, but at Lessee's expense.

Appears in 1 contract

Samples: Lease Agreement (Eroom System Technologies Inc)

Insurance Policies. Insurance required hereunder shall be in companies duly licensed to transact business in the state where the Premises are located, and maintaining during the policy term a "General Policyholders Rating" of at least B+A, V, or such other rating as may be required by a Lender lender having a lien on the Premises, as set forth in the most current issue of "Best's Insurance Guide." Lessee Tenant shall not do or permit to be done anything which shall invalidate the insurance policies referred to in this Paragraph 87. If Lessee is the Insuring Party, Lessee The insuring party shall cause to be delivered to Lessor the other party certified copies of policies of such insurance of, or certificates evidencing the existence and amounts of such insurance of, the insurance, and with the insureds and loss payable clauses as additional insureds, required by this Leasehereunder. No such policy shall be cancellable cancelable or subject to modification except after thirty (30) days days' prior written notice to Lessorthe non-insuring party. Lessee The insuring party shall at least thirty (30) days prior to the expiration of such policies, furnish Lessor the non- insuring party with evidence of renewals or "insurance binders" evidencing renewal thereof, or Lessor or, if the Landlord is the non-insuring party, the Landlord may order such insurance and charge the cost thereof to Lessee, which amount shall be payable by Lessee to Lessor upon demand. If the Insuring Party shall fail to procure and maintain the insurance required to be carried by the Insuring Party under this Paragraph 8, the other Party may, but shall not be required to, procure and maintain the same, but at Lessee's expenseTenant.

Appears in 1 contract

Samples: Lease Agreement (One Liberty Properties Inc)

Insurance Policies. Insurance required hereunder shall be in companies duly licensed to transact business in the state where the Premises are located, and maintaining during the policy term a "General Policyholders Policy holders Rating" of at least B+, V, or such other rating as may be required by a Lender having a lien on the Premises, as set forth in the most current issue Issue of "Best's Insurance Guide." Lessee shall not do or permit to be done anything which shall invalidate the insurance policies referred to in In this Paragraph 8. If Lessee is the Insuring Party, Lessee shall cause to be delivered to Lessor certified copies of policies of such insurance or certificates evidencing the existence and amounts of such insurance with the insureds and loss payable clauses as required by this Lease. No such policy shall be cancellable or subject to modification except after thirty (30) days prior written notice to Lessor. Lessee shall at least thirty (30) days prior to the expiration of such policies, furnish Lessor with evidence of renewals or "insurance binders" evidencing renewal thereof, or Lessor may order such insurance and charge the cost thereof to Lessee, which amount shall be payable by Lessee to Lessor upon demand. If the Insuring Party shall fail to procure and maintain the insurance Insurance required to be carried by the Insuring Party under this Paragraph 8, the other Party may, but shall not be required to, procure and maintain the same, but at Lessee's expense.

Appears in 1 contract

Samples: Sublease Agreement (Hawker Pacific Aerospace)

Insurance Policies. Insurance required hereunder shall be in provided by companies duly licensed to transact business in the state where the Premises are located, and maintaining during the policy term a "General Policyholders Rating" of at least B+, VA:XII, or such other 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 ’s Insurance Guide." Lessee . Tenant shall not do or permit to be done anything which shall invalidate the insurance policies referred to in this Paragraph Article 8. If Lessee is the Insuring Party, Lessee Tenant shall cause to be delivered to Lessor Landlord certified copies of policies of such insurance or certificates evidencing the existence and amounts of such insurance with the insureds insured’s and loss payable clauses as required by this Lease. No such policy shall be cancellable cancelable or subject to modification modification, except after thirty (30) days prior written notice to LessorLandlord. Lessee shall Tenant shall, at least thirty (30) days prior to the expiration of such policies, furnish Lessor Landlord with evidence of renewals or "insurance binders" binders evidencing renewal thereof, or Lessor Landlord may order such insurance and charge the cost thereof to LesseeTenant, which amount shall be payable by Lessee Tenant to Lessor Landlord upon demand. If the Insuring Party shall fail to procure and maintain the insurance required to be carried by the Insuring Party under this Paragraph Article 8, the other Party may, but shall not be required to, procure and maintain the same, but at Lessee's Tenant’s expense.

Appears in 1 contract

Samples: Lease (First State Financial Corp/Fl)

Insurance Policies. Insurance required hereunder shall be in companies duly licensed to transact business in the state where the Premises are located, and maintaining during the policy term a "General Policyholders RatingGENERAL POLICYHOLDERS RATING" of at least B+, V, or such other 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." Lessee shall not do or permit to be done anything which shall invalidate the insurance policies referred to in this Paragraph 8. If Lessee is the Insuring Party, Lessee shall cause to be delivered to Lessor certified copies of policies of such insurance or certificates evidencing the existence and amounts of such insurance with the insureds and loss payable clauses as required by this Lease. No such policy shall be cancellable or subject to modification except after thirty (30) days prior written notice to Lessor. Lessee shall at least thirty (30) days prior to the expiration of such policies, furnish Lessor with evidence of renewals or "insurance binders" evidencing renewal thereof, or Lessor may order such insurance and charge the cost thereof to Lessee, which amount shall be payable by Lessee to Lessor upon demand. If the Insuring Party shall fail to procure and maintain the insurance required to be carried by the Insuring Party under this Paragraph 8, the other Party may, but shall not be required to, procure and maintain the same, but at Lessee's expense.

Appears in 1 contract

Samples: Standard Industrial/Commercial Single Tenant Lease (Silicon Image Inc)

Insurance Policies. Insurance required hereunder shall be in companies duly licensed to transact business in the state slate where the Premises are located, and maintaining during the policy term a "General Policyholders Rating" of at least B+, V, or such other rating railing 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." . Lessee shall not do or permit to be done anything which shall invalidate the insurance policies referred to in this Paragraph 8. If Lessee is the Insuring Party, Lessee shall cause to be delivered to Lessor certified copies of policies of such insurance or certificates evidencing the existence and amounts of such insurance with the insureds and loss payable clauses as required by this Lease. No such policy shall be cancellable or subject to modification except after thirty (30) days prior written notice to Lessor. Lessee shall at least thirty (30) days prior to the expiration of such policies, furnish Lessor with evidence of renewals or "insurance binders" evidencing renewal thereof, or Lessor may order such insurance and charge the cost thereof to Lessee, which amount shall be payable by Lessee to Lessor upon demand. If the Insuring Party shall fail to procure and maintain the insurance required to be carried by the Insuring Party under this Paragraph 8, the other Party may, but shall not be required to, procure and maintain the same, but at Lessee's expense.

Appears in 1 contract

Samples: Lease Agreement (Omnivision Technologies Inc)

Insurance Policies. Insurance required hereunder shall be in companies duly licensed to transact business in the state where the Premises are located, and maintaining during the policy term a "General Policyholders Rating" of at least B+, VLeast B+V, or such other 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." Lessee shall not do or permit to be done anything which shall invalidate the insurance policies referred to in this Paragraph 8. If Lessee is the Insuring Party, Lessee shall cause to be delivered to Lessor certified copies of policies of such insurance or certificates evidencing the existence and amounts of such insurance with the insureds and loss payable clauses as required by this Lease. No such policy shall be cancellable cancelable or subject to modification except after thirty (30) days prior written notice to Lessor. Lessee shall at least thirty (30) days prior to the expiration of such policies, furnish Lessor with evidence of renewals or "insurance binders" evidencing renewal thereof, or Lessor may order such insurance and charge the cost thereof to Lessee, which amount shall be payable by Lessee to Lessor upon demand. If the Insuring Party shall fail to procure and maintain the insurance required to be carried by the Insuring Party under this Paragraph 8, the other Party may, but shall not be required to, procure and maintain the same, but at Lessee's expense.

Appears in 1 contract

Samples: Standard Industrial/Commercial Single Tenant Lease Net (Microtel International Inc)

Insurance Policies. 8.5.1 Insurance required hereunder herein to be carried by Lessee shall be in provided by companies duly licensed or admitted to transact business in the state where the Premises are located, and maintaining during the policy term a "General Policyholders Rating" policyholders rating of A- or better and a finance category rating of at least B+, V, Class X (or such other rating as may be required by a Lender having a lien on the Premises, Lessor’s Lender) as set forth in the most current issue of "Best's ’s Insurance Guide." ”. Lessee shall not do or permit to be done anything which shall invalidate invalidates the required insurance policies referred policies. Lessee shall, prior to in this Paragraph 8. If Lessee is the Insuring PartyCommencement Date, Lessee shall cause to be delivered deliver to Lessor certified copies of policies of such insurance or certificates evidencing the existence and amounts of such the required insurance with and upon renewals of the insureds and loss payable clauses as required by this Leasesame. No such policy shall be cancellable cancelable or subject to modification except after thirty (30) days days’ prior written notice to Lessor, except for non-payment of premium for which ten (10) days’ prior written notice shall be given. Lessee shall shall, at least thirty ten (3010) days prior to the expiration of such policies, furnish Lessor with evidence of renewals or "insurance binders" evidencing renewal thereof, or failing which Lessor may order such insurance and charge the actual cost thereof to Lessee, which amount shall be payable by Lessee to Lessor upon demand. Such policies shall be for a term of at least one year, or the length of the remaining term of this Lease, whichever is less. 8.5.2 Insurance (if any) required to be carried by Lessor under Paragraph 8.3, above shall be provided by companies duly licensed or admitted to transact business in the state where the Premises are located, and maintaining during the policy term a policyholders rating of A- or better and a finance category rating of at least Class VIII (or such other rating as may be required by Lessor’s Lender) as set forth in the most current issue of “Best’s Insurance Guide”. At the request of Lessee, Lessor shall, prior to the Commencement Date, deliver to Lessee certificates evidencing the existence and amounts of the insurance (if any) required to be carried by Lessor under Paragraph 8.3, above, and upon renewals of the same. Lessor shall, at least ten (10) days prior to the expiration of such policies (if any) as are required to be carried by Lessor under Paragraph 8.3, above, furnish Lessee with evidence of renewals or “insurance binders” evidencing renewal thereof. Lessor shall have the right to provide the insurance required by this Paragraph 8 pursuant to blanket policies. 8.5.3 If the Insuring either Party shall fail to procure and maintain the insurance required to be carried by the Insuring Party under this Paragraph 8it, the other Party may, but shall not be required to, procure and maintain the same, but at Lessee's expensesame upon two (2) business days notice to the other party.

Appears in 1 contract

Samples: Industrial Lease (Solyndra, Inc.)

Insurance Policies. Insurance required hereunder shall be in companies duly licensed to transact business in the state where the Premises are located["held" - word not readable due to hole punched in page], and maintaining during the policy term a "General Policyholders Rating" of at least B+, V, or such other 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." Lessee shall not do or permit to be done anything which shall invalidate the insurance policies referred to in this Paragraph 8. If Lessee is the Insuring Party, Lessee shall cause to be delivered to Lessor certified copies of policies of such insurance or certificates evidencing the existence and amounts of such insurance with the insureds and loss payable clauses as required by this Lease. No such policy shall be cancellable or subject to modification except after thirty (30) days prior written notice to Lessor. Lessee shall at least thirty (30) days prior to the expiration of such policies, furnish Lessor with evidence of renewals or "insurance binders" evidencing renewal thereof, or Lessor may order such insurance and charge the cost thereof to Lessee, which amount shall be payable by Lessee to Lessor upon demand. If the Insuring Party shall fail to procure and maintain the insurance required to be carried by the Insuring Party under this Paragraph 8, the other Party may, but shall not be required to, procure and maintain the same, but at Lessee's expense.

Appears in 1 contract

Samples: Standard Industrial/Commercial Single Tenant Lease (Aetrium Inc)

Insurance Policies. Insurance required hereunder herein shall be in by companies duly licensed or admitted to transact business in the state where the Premises are located, and maintaining during the policy term a "General Policyholders Rating" of at least B+, V, or such other 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." ", or such other rating as may be reasonably required by Lessor and/or Lender. Lessee shall not do or permit to be done anything which shall invalidate invalidates the required insurance policies referred policies. Lessee shall, prior to in this Paragraph 8. If Lessee is the Insuring PartyStart Date, Lessee shall cause to be delivered deliver to Lessor certified copies of policies of such insurance or certificates evidencing the existence and amounts of such insurance with the insureds required insurance, and loss payable clauses including the "Named Insured" endorsement to the policies, evidencing the addition of Lessor as required by this Leasean additional named insured thereunder. No such policy shall be cancellable cancelable or subject to modification except after thirty (30) days prior written notice to Lessor. Lessee shall shall, at least thirty (30) days prior to the expiration of such policies, furnish Lessor with evidence of renewals or "insurance binders" evidencing renewal thereof, or Lessor may order such insurance and charge the cost thereof to Lessee, which amount shall be payable by Lessee to Lessor upon demand. Such policies shall be for a term of at least one year, or the length of the remaining term of this Lease, whichever is less. If the Insuring either Party shall fail to procure and maintain the insurance required to be carried by the Insuring Party under this Paragraph 8it, the other Party may, but shall not be required to, procure and maintain the same, but at Lessee's expense.

Appears in 1 contract

Samples: Lease Agreement (Sirena Apparel Group Inc)

Insurance Policies. Insurance required hereunder shall be in companies duly licensed to transact business in the state where the Premises are located, and maintaining during the policy term a "General Policyholders Rating" of at least B+, V, or such other 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." Lessee shall not do or permit to be done anything which shall invalidate the insurance policies referred to in this Paragraph 8. If Lessee is the Insuring Party, Lessee shall cause to be delivered to Lessor certified copies of policies of such insurance or certificates evidencing the existence and amounts of such insurance with the insureds and loss payable clauses as required by this Lease. No such policy shall be cancellable or subject to modification except after thirty (30) days prior written notice to Lessor. Lessee shall at least thirty (30) days prior to the expiration of such policies, furnish Lessor with evidence of renewals or "insurance binders" evidencing renewal thereof, or Lessor may order such insurance and charge the cost thereof to Lessee, which amount shall be payable by Lessee to Lessor upon demand. If the Insuring Party shall fail to procure and maintain the insurance required to be carried by the Insuring Party under this Paragraph 8, the other Party may, but shall not be required to, to procure and maintain the same, but at Lessee's expense.

Appears in 1 contract

Samples: Sublease Agreement (Spectratek Technologies Inc)

Insurance Policies. Insurance If Tenant is the Insuring Party, insurance required hereunder per this ¶16. shall be in with companies duly licensed to transact business in the state where the Premises are located, and maintaining during the policy term a "General Policyholders Rating" of at least B+, VA- X, or such other minimal rating as may be required by a Lender having a lien on the Premises, Lender(s) as set forth in the most current issue of "Best's ’s Insurance Guide." Lessee ” Tenant shall not do or permit to be done anything which shall invalidate the insurance policies referred to in this Paragraph 8¶16. If Lessee Tenant is the Insuring Party, Lessee Tenant shall cause to be delivered to Lessor Landlord certified copies of policies of such insurance or certificates evidencing the existence and amounts of such insurance with the insureds and loss payable clauses as required by this Lease. No such policy shall be cancellable cancelable or subject to modification except after thirty (30) days prior written notice to LessorLandlord. Lessee Tenant shall at least thirty (30) days prior to the expiration of such policies, furnish Lessor Landlord with evidence of renewals or "insurance binders" evidencing renewal thereof, or Lessor Landlord may order such insurance and charge the cost thereof to LesseeTenant, which amount shall be payable by Lessee Tenant to Lessor Landlord upon demand. If the Insuring Party shall fail to procure and maintain the insurance required to be carried by the Insuring Party under this Paragraph 8¶16., the other Party may, but shall not be required to, procure and maintain the same, but at Lessee's Tenant’s expense.

Appears in 1 contract

Samples: Lease Agreement (Docent Inc)

Insurance Policies. Insurance If Tenant is the Insuring Party, insurance required hereunder per this P.16. shall be in with companies duly licensed to transact business in the state where the Premises are located, and maintaining during the policy term a "General Policyholders Rating" of at least B+, VA- X, or such other minimal rating as may be required by a Lender having a lien on the Premises, Lender(s) as set forth in the most current issue of "Best's Insurance Guide." Lessee Tenant shall not do or permit to be done anything which shall invalidate the insurance policies referred to in this Paragraph 8P.16. If Lessee Tenant is the Insuring Party, Lessee Tenant shall cause to be delivered to Lessor Landlord certified copies of policies of such insurance or certificates evidencing the existence and amounts of such insurance with the insureds and loss payable clauses as required by this Lease. No such policy shall be cancellable cancelable or subject to modification or lapse except after thirty (30) days prior written notice to LessorLandlord. Lessee Tenant shall 18 at least thirty (30) days prior to the expiration of such policies, furnish Lessor Landlord with evidence of renewals or "insurance binders" evidencing renewal thereof, or Lessor Landlord may order such insurance and charge the cost thereof to LesseeTenant, which amount shall be payable by Lessee Tenant to Lessor Landlord upon demand. If the Insuring Party shall fail to procure and maintain the insurance required to be carried by the Insuring Party under this Paragraph 8P.16., the other Party may, but shall not be required to, procure and maintain the same, but at LesseeTenant's expense.

Appears in 1 contract

Samples: Standard NNN Lease (Arena Pharmaceuticals Inc)

Insurance Policies. If Tenant is the Insuring Party, Insurance required hereunder per this ¶ 16. shall be in with companies duly licensed to transact business in the state where the Premises are located, and maintaining during the policy term a "General Policyholders Rating" of at least B+, VA- X, or such other minimal rating as may be required by a Lender having a lien on the Premises, Lender(s) as set forth in the most current issue of "Best's ’s Insurance Guide." Lessee ”. Tenant shall not do or permit to be done anything which shall invalidate the insurance policies referred to in this Paragraph 8¶ 16. If Lessee Tenant is the Insuring Party, Lessee Tenant shall cause to be delivered to Lessor certified copies of policies of such insurance or Landlord certificates evidencing the existence and amounts of such insurance with the insureds and loss payable clauses as required by this Lease. No such policy shall be cancellable cancelable or subject to modification or lapse except after thirty (30) days prior written notice to LessorLandlord. Lessee Tenant shall at least thirty (30) days prior to the expiration of such policies, furnish Lessor Landlord with evidence of renewals or "certificates of insurance binders" evidencing renewal thereof, or Lessor Landlord may order such insurance and charge the cost thereof to LesseeTenant, which amount shall be payable by Lessee Tenant to Lessor Landlord upon demand. If the Insuring Party shall fail to procure and maintain the insurance required to be carried by the Insuring Party under this Paragraph 8¶ 16., the other Party may, but shall not be required to, procure and maintain the same, but at Lessee's Tenant’s expense.

Appears in 1 contract

Samples: Standard Single Tenant NNN Lease (Lsi Logic Corp)

Insurance Policies. Insurance required hereunder shall be in companies duly licensed to transact business in the state where the Premises are located, and maintaining during the policy term a "General Policyholders Rating" of at least B+, V, or such other 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." Lessee shall not do or permit to be done anything which shall invalidate the insurance policies referred to in this Paragraph 8. If Lessee is the Insuring Party, Lessee shall cause to be delivered to Lessor certified copies of policies of such insurance or certificates evidencing the existence and amounts of such insurance with the insureds and loss payable clauses as required by this Lease. No such policy shall be cancellable cancelable or subject to modification except after thirty (30) days prior written notice to Lessor. Lessee shall at least thirty (30) days prior to the expiration of such policies, furnish Lessor with evidence of renewals or "insurance binders" evidencing renewal thereof, or Lessor may order such insurance and charge the cost thereof to Lessee, which amount shall be payable by Lessee to Lessor upon demand. If the Insuring Party shall fail to procure and maintain maintai the insurance required to be carried by the Insuring Party under this Paragraph 8, the other Party may, but shall not be required to, procure and maintain the same, but at Lessee's expense.

Appears in 1 contract

Samples: Standard Industrial/Commercial Single Tenant Lease (Spectratek Technologies Inc)

Insurance Policies. Insurance required All liability, casualty and other insurance and policies of insurance referred to in Section 11.2 shall include Landlord and Landlord’s Mortgagee, if any, as additional insureds and loss payees (other than as relates to Tenant’s personal property, equipment and inventory located at the Premises), shall insure Landlord against liability arising out of Tenant’s negligence or the negligence of any other person, firm or corporation and shall cover any liability of Tenant that may arise through any indemnity given by Tenant in this Lease. All policies procured hereunder shall be in companies duly licensed under standard form policies issued by insurers of recognized responsibility, rated A:XII or better by Best’s Insurance Rating Service and with carriers qualified to transact do business in the state State where the Premises are located. Evidence of such insurance (Accord Form 27), and maintaining during the policy term a "General Policyholders Rating" together with copies of at least B+, V, or such other 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." Lessee shall not do or permit to be done anything which shall invalidate the all insurance policies referred to in this Paragraph 8. If Lessee is the Insuring Partyrequired hereunder, Lessee shall cause to be delivered to Lessor certified copies of policies of such insurance or certificates evidencing the existence and amounts of such insurance with the insureds and loss payable clauses as required by this Lease. No such policy shall be cancellable or subject to modification except after Landlord within thirty (30) days prior written notice to Lessor. Lessee shall at least from the date hereof and thereafter not less than thirty (30) days prior to the expiration of such policies, furnish Lessor with evidence of renewals or "insurance binders" evidencing renewal thereof, and shall provide that such policy may not be canceled or Lessor may order such insurance and charge the cost thereof modified except upon not less than thirty (30) days written notice to Lessee, which amount shall be payable by Lessee to Lessor upon demandLandlord. If the Insuring Party shall fail Tenant fails to procure and maintain the insurance required by this Article XI, then Landlord shall have the right to do so, without notice to Tenant if Landlord discovers that insurance coverage has lapsed, and the cost of same shall be carried by the Insuring Party under this Paragraph 8, the other Party may, but shall not be required to, procure and maintain the same, but at Lessee's expenseAdditional Rental payable to Landlord hereunder within ten (10) days of demand therefor.

Appears in 1 contract

Samples: Lease Agreement (Big Dog Holdings Inc)

Insurance Policies. Insurance required hereunder shall be in companies duly licensed to transact business in the state where the Premises are located, and maintaining during the policy term a "General Policyholders Rating" of at least B+, V, or such other rating ratings 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." Lessee shall not do or permit to be done anything which shall invalidate the insurance policies referred to in this Paragraph 8. If Lessee is the Insuring Party, Lessee shall cause to be delivered to Lessor certified copies of policies of such insurance or certificates evidencing the existence and amounts of such insurance with the insureds and loss payable clauses as required by this Lease. No such policy shall be cancellable or cancelable for subject to modification except after thirty (30) days prior written notice to Lessor. Lessee shall at least thirty (30) days prior to the expiration of such policies, furnish Lessor with evidence of renewals or "insurance binders" evidencing renewal thereofthereof , or Lessor may order such insurance and charge the cost thereof to Lessee, which amount shall be payable by Lessee to Lessor upon demand. If the Insuring Party shall fail to procure and maintain the insurance required to be carried by the Insuring Party under this Paragraph 8, the other Party may, but shall not be required to, procure and maintain the same, but at Lessee's expense.

Appears in 1 contract

Samples: Lease Agreement (Tmci Electronics Inc)

Insurance Policies. Insurance required hereunder herein shall be in by companies duly licensed or admitted to transact business in the state where the Premises are locatedCalifornia, and maintaining during the policy term a "General Policyholders Rating" of at least B+, V, or such other 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 ’s Insurance Guide." ”, or such other rating as may be reasonably required by Lender. Lessee shall not do or permit to be done anything which shall invalidate invalidates the required insurance policies referred policies. Lessee and Lessor shall, prior to in this Paragraph 8. If Lessee is the Insuring PartyStart Date, Lessee shall cause deliver to be delivered to Lessor each other certified copies of policies of such insurance or certificates evidencing the existence and amounts of such the insurance with the insureds and loss payable clauses as required by this each respective party during the term of the Lease. No such policy carried by Lessee shall be cancellable cancelable or subject to modification except after thirty ten (3010) business days prior written notice to Lessor. Lessee shall shall, at least thirty ten (3010) business days prior to the expiration of such policies, furnish Lessor with evidence of renewals or "insurance binders" evidencing renewal thereof, or if Lessee fails to timely provide such evidence after being notified by Lessor of its failure to provide such evidence, Lessor may order such insurance and charge the cost thereof to Lessee, which amount shall be payable by Lessee to Lessor upon demandwithin seven (7) business days following Lessee’s receipt of an invoice. Such policies shall be for a term of one (1) year, or the length of the remaining term of the Lease, which is less. If the Insuring Party either party shall fail to procure and maintain the insurance required to be carried by the Insuring Party under this Paragraph 8it, the other Party party may, but shall not be required to, procure and maintain the same, but at Lessee's expense.

Appears in 1 contract

Samples: Lease Agreement (Transdigm Holding Co)

Insurance Policies. Insurance required hereunder shall be in companies duly licensed to transact business in the state where the Premises are located, and maintaining during the policy term a "General Policyholders Rating" of at least a B+, V, or other such other 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." Lessee shall not do or permit to be done anything which shall invalidate the insurance policies referred to in this Paragraph 87. If Lessee is the Insuring Party, Lessee shall cause to be delivered to Lessor certified copies of policies of such insurance or certificates evidencing the existence and amounts of such insurance with the insureds and loss payable clauses as required by this Lease. No such policy shall be cancellable or subject to modification except after thirty (30) days prior written notice to Lessor. Lessee shall shall, at least thirty (30) days prior to the expiration of such policies, furnish Lessor with evidence of renewals or "insurance Insurance binders" evidencing renewal thereof, or Lessor may order such insurance and charge the cost thereof to Lessee, which amount shall be payable by Lessee to Lessor upon demand. If the Insuring Party shall fail to procure and maintain the insurance required to be carried by the Insuring Party under this Paragraph 87, the other Party may, but shall not be required to, procure and maintain the same, but at Lessee's expense.

Appears in 1 contract

Samples: Lease Agreement (Modtech Holdings Inc)

Insurance Policies. Insurance required hereunder shall be in companies duly licensed to transact business in the state where the Premises are located, and maintaining during the policy term a "General Policyholders Rating" of at least B+U+, V, or such other 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." Lessee shall not do or permit to be done anything which shall invalidate the insurance Insurance policies referred to in this Paragraph 8. If Lessee is the Insuring Party, Lessee shall cause to be delivered to Lessor certified copies of policies of such insurance or certificates evidencing the existence and amounts of such insurance with the insureds and loss payable clauses as required by this Lease. No such policy shall be cancellable or subject to modification except after thirty (30) days prior written notice to Lessor. Lessee shall at least thirty (30) days prior to the expiration of such policies, furnish Lessor with evidence of renewals or "insurance binders" evidencing renewal thereof, or Lessor may order such insurance and charge the cost thereof to Lessee, which amount shall be payable by Lessee to Lessor upon demand. If the Insuring Party shall fail to procure and maintain the insurance required to be carried by the Insuring Party under this Paragraph 8, the other Party may, but shall not be required to, procure and maintain the same, but at Lessee's expense.

Appears in 1 contract

Samples: Lease Agreement (Software Technologies Corp/)

Insurance Policies. Insurance required hereunder shall be in companies duly licensed to transact business in the state where the Premises are located, and maintaining during the policy term a "General Policyholders Rating" of at least B+, VB plus, or such other rating as may be required by a Lender lender having a lien on the Premises, as set forth in the most current issue of "Best's ’s Insurance Guide." Lessee ”. The insuring party shall not do or permit deliver to be done anything which shall invalidate the insurance policies referred to in this Paragraph 8. If Lessee is the Insuring Party, Lessee shall cause to be delivered to Lessor certified other party copies of policies of or such insurance or certificates evidencing the existence and amounts of such insurance with the insureds and loss payable clauses as required by this Leaseparagraph 8. No such policy shall be cancellable or subject to reduction of coverage or other modification except after thirty (30) days days’ prior written notice to Lessor. If Lessee shall is the insuring party Lessee shall, at least thirty (30) days prior to the expiration of such policies, furnish Lessor with evidence of renewals or "insurance binders" evidencing renewal thereof, or Lessor may order such insurance and charge the cost thereof to Lessee, which amount shall be payable by Lessee to Lessor upon demand. If the Insuring Party Lessee shall fail not do or permit to procure and maintain be done anything which shall invalidate the insurance required policies referred to in paragraph 8(c). If Lessee does or permits to be carried by done anything which shall increase the Insuring Party under this Paragraph 8cost of the insurance policies referred to in paragraph 8(c), then Lessee shall forthwith upon Lessor’s demand reimburse Lessor for any additional premiums attributable to any act or omission or operation of Lessee causing such increase in the cost of the insurance. If Lessor is the insuring party, and if the insurance policies maintained hereunder cover other Party mayimprovements in addition the Premises, but Lessor shall not be required to, procure deliver to Lessee a written statement setting forth the amount of any such insurance cost increase and maintain showing in reasonable detail the same, but at Lessee's expensemanner in which it has been computed.

Appears in 1 contract

Samples: Lease Agreement (TUTOR PERINI Corp)

Insurance Policies. Insurance required hereunder shall be in companies duly licensed to transact business in the state where the Premises are located, and maintaining during the policy term holding a "General Policyholders Rating" of at least B+, VB plus, or such other rating as may be required by a Lender lender having a lien line on the Premises, as set forth in the most current issue of "Best's Insurance Guide." Lessee The insuring party shall not do or permit deliver to be done anything which shall invalidate the insurance policies referred to in this Paragraph 8. If Lessee is the Insuring Party, Lessee shall cause to be delivered to Lessor certified other party copies of policies of such insurance or certificates evidencing the 3 existence and amounts of such insurance with the insureds and loss payable clauses as required by this Leaseparagraph 8. No such policy shall be cancellable cancelable or subject to reduction of coverage or other modification except after thirty (30) days days' prior written notice to Lessor. If Lessee shall is the insuring party Lessee shall, at least thirty (30) days prior to the expiration of such policies, furnish Lessor with evidence of renewals or "insurance binders" evidencing renewal thereof, or Lessor may order such insurance and charge the cost thereof to Lessee, which amount shall be payable by Lessee to Lessor upon demand. If the Insuring Party Lessee shall fail not do or permit to procure and maintain be done anything which shall invalidate the insurance required policies referred to be carried by in Paragraph 8.3, then Lessee shall forthwith upon Lessor's demand reimburse Lessor for any additional premiums attributable to any act or omission or operation of Lessee causing such increase in the Insuring Party under this Paragraph 8cost of insurance. If Lessor is the insuring party, and if the insurance policies maintained hereunder cover other Party mayimprovements in addition to the Premises, but Lessor shall not be required to, procure deliver to Lessee a written statement setting forth the amount of any such insurance cost increase and maintain showing in reasonable detail the same, but at Lessee's expensemanner in which it has been computed.

Appears in 1 contract

Samples: Standard Industrial Lease (Butterfield & Butterfield Auctioneers Corp)

Insurance Policies. Insurance required hereunder by this Lease shall be in companies duly licensed provided by carriers reasonably satisfactory to transact business in Lessor. The Insuring Party shall deliver to the state where the Premises are located, and maintaining during the policy term a "General Policyholders Rating" of at least B+, V, or such other 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." Lessee shall not do or permit to be done anything which shall invalidate the insurance policies referred to in this Paragraph 8. If Lessee is the Insuring Party, Lessee shall cause to be delivered to Lessor certified party copies of policies of such insurance or certificates evidencing the existence and amounts of such insurance with the insureds and loss payable clauses as required by this Leasesatisfactory to Lessor or Lessor's mortgagee, if so required. No such policy shall be cancellable cancelable or subject to reduction of coverage or other modification except after thirty twenty (3020) days days' prior written notice Notice to Lessor. Lessee All insurance policies shall at least thirty name both Lessor and Lessee, and Lessor's mortgagee if so required, as named additional insureds. The Insuring Party shall, within twenty (3020) days prior to the expiration of such policies, furnish Lessor the other party with evidence of renewals or "insurance binders" evidencing renewal thereofthereof The InsUn g Party shall not do or omit doing anything which shaxx 'xnvalidate the 'insurance. Lessee shall pay any additional insurance costs attributable to Lessee's acts, omissions, use or occupancy of the Premises. If Lessor may order such is the Insuring Party, and if the insurance and charge policies maintained hereunder cover other properties 'in addition to the Premises, Lessor shall deliver to Lessee a written statement showinc, in reasonable detail the manner in which the cost thereof to Lessee, which amount shall be of insurance payable by Lessee to Lessor upon demand. If the Insuring Party shall fail to procure and maintain the insurance required to be carried by the Insuring Party under this Paragraph 8, the other Party may, but shall not be required to, procure and maintain the same, but at Lessee's expensehas been calculated.

Appears in 1 contract

Samples: Lease (United Industries Corp)

Insurance Policies. Insurance required hereunder shall be in companies duly licensed to transact business in the state where the Premises are located, and maintaining during the policy term a "General Policyholders Rating" of at least B+, V, or such other rating as may be reasonably required by a Lender having a lien on the Premises, as set forth in the most current issue of "Best's Insurance Guide." Lessee shall not do or permit to be done anything which shall invalidate the insurance policies referred to in this Paragraph 8. If Lessee is the Insuring Party, Lessee shall cause to be delivered to Lessor certified copies of policies of such insurance or certificates evidencing the existence and amounts of such insurance with the insureds and loss payable clauses clause as required by this Lease. No such policy shall be cancellable or subject to modification except after thirty (30) days prior written notice to Lessor. Lessee shall at least thirty (30) days prior to the expiration of such policies, furnish Lessor with evidence of renewals or "insurance binders" evidencing renewal thereof, or Lessor may order such insurance and charge the cost thereof to Lessee, which amount shall be payable by Lessee to Lessor upon demand. If the Insuring Party shall fail to procure and maintain the insurance required to be carried by the Insuring Party under this Paragraph 8, the other Party may, but shall not be required to, procure and maintain the same, but at Lessee's expense.

Appears in 1 contract

Samples: Building Lease (Callaway Golf Co /Ca)

Insurance Policies. Insurance required hereunder shall be in with companies duly licensed to transact business in the state where the Premises are located, and maintaining during the policy term a "'General Policyholders Rating" ' of at least B+, V, or such other 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 insurance Guide." Lessee shall not do or permit to be done anything which shall invalidate the insurance policies referred to in this Paragraph 8. If Lessee is the Insuring Party, Lessee shall cause to be delivered to Lessor certified copies of policies of such insurance or certificates evidencing the existence and amounts of such insurance with the insureds insured and loss payable clauses as required by this Leaselease. No such policy shall be cancellable cancelable or subject to modification except after thirty (30) days days' prior written notice to Lessor. Lessee shall at least thirty (30) days prior to the expiration of such policies, furnish Lessor with evidence of renewals or "insurance binders" evidencing renewal thereof, or Lessor may order such insurance and charge the cost thereof to Lessee, which amount shall be payable by Lessee to Lessor upon demand. If the Insuring Party shall fail to procure and maintain the insurance required to be carried by the Insuring Party under this Paragraph 8, the other Party may, but shall not be required to, procure and maintain the same, but at Lessee's expense.

Appears in 1 contract

Samples: Standard Industrial/Commercial Lease (Skechers Usa Inc)

Insurance Policies. Insurance required hereunder herein shall be in by companies duly licensed or admitted to transact business in the state where the Premises are located, and maintaining during the policy term a "General Policyholders Rating" of at least B+, V, or such other 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.," or such other rating as may be required by a Lender. Lessee shall not do or permit to be done anything which shall invalidate invalidates the insurance policies referred policies. Lessee shall, prior to in this Paragraph 8. If Lessee is the Insuring PartyStart Date, Lessee shall cause to be delivered to Lessor certified copies of policies of such insurance or certificates evidencing the existence and amounts of such insurance with the insureds and loss payable clauses as required by this Leaseinsurance. No such policy shall be cancellable cancelable or subject to modification except after thirty (30) days prior written notice to Lessor. Lessee shall shall, at least thirty (30) days prior to the expiration of such policies, furnish Lessor with evidence of renewals or "insurance binders" evidencing renewal thereof, or Lessor may order such insurance and charge the cost thereof to Lessee, which amount shall be payable by Lessee to Lessor upon demand. Such policies shall be for a term of at least one year, or the length of the remaining term of this Lease, whichever is less. If the Insuring either Party shall fail to procure and maintain the insurance required to be carried by the Insuring Party under this Paragraph 8it, the other Party may, but shall not be required to, procure and maintain the same, but at Lessee's expense.

Appears in 1 contract

Samples: Lease Agreement (Silicon Storage Technology Inc)

Insurance Policies. Insurance required hereunder shall be kept in companies duly licensed to transact business in the state where the Premises are locatedState of California and if such company is rated, and maintaining during the policy term a "General Policyholders Rating" of at least B+A, V, VIII (or such other lesser rating as may be required by a Lender having a lien on reasonably acceptable to the Premisesnon-insuring party), as set forth in the most current issue of "Best's Insurance Guide." Lessee Neither party shall not do or permit to be done anything which shall invalidate the insurance policies referred to in this Paragraph 8Article 7. If Lessee is With respect to insurance required of the parties hereunder, the party undertaking to obtain such insurance (the "Insuring Party, Lessee ") shall cause to be delivered to Lessor the other party (the "Non-Insuring Party") certified copies of policies of such insurance or certificates evidencing the existence and amounts of such insurance with the insureds and loss payable clauses as required by this Lease. No such policy shall be cancellable cancelable or subject to modification except after thirty (30) days prior written notice from the Insuring Party to Lessorthe Non-Insuring party. Lessee shall The Insuring Party shall, at least thirty fifteen (3015) days prior to the expiration of such policies, furnish Lessor the Non-Insuring Party with evidence of renewals or "insurance binders" evidencing renewal thereof, or Lessor else the Non-Insuring may order such insurance and charge the cost thereof to Lesseethe Insuring Party, which amount shall be payable by Lessee to Lessor upon demand. If the an Insuring Party shall fail to procure and maintain the insurance required to be carried by the Insuring Party it under this Paragraph 8Article 7, the other Non-Insuring Party may, but shall not be required to, procure and maintain the samesuch insurance, but at Lesseethe Insuring Party's expense.

Appears in 1 contract

Samples: Lease Agreement (Churchill Downs Inc)

Insurance Policies. Insurance required hereunder shall be kept in companies duly licensed to transact business in the state where the Premises are locatedState of California and if such company is rated, and maintaining during the policy term a "General Policyholders Rating" of at least B+A, V, VIII (or such other lesser rating as may be required by a Lender having a lien on reasonably acceptable to the Premisesnon- insuring party), as set forth in the most current issue of "Best's Insurance Guide." Lessee Neither party shall not do or permit to be done anything which shall invalidate the insurance policies referred to in this Paragraph 8Article 7. If Lessee is With respect to insurance required of the parties hereunder, the party undertaking to obtain such insurance (the "Insuring Party, Lessee ") shall cause to be delivered to Lessor the other party (the "Non-Insuring Party") certified copies of policies of such insurance or certificates evidencing the existence and amounts of such insurance with the insureds and loss payable clauses as required by this Lease. No such policy shall be cancellable cancelable or subject to modification except after thirty (30) days prior written notice from the Insuring Party to Lessorthe Non-Insuring party. Lessee shall The Insuring Party shall, at least thirty fifteen (3015) days prior to the expiration of such policies, furnish Lessor the Non-Insuring Party with evidence of renewals or "insurance binders" evidencing renewal thereof, or Lessor else the Non-Insuring may order such insurance and charge the cost thereof to Lesseethe Insuring Party, which amount shall be payable by Lessee to Lessor upon demand. If the an Insuring Party shall fail to procure and maintain the insurance required to be carried by the Insuring Party it under this Paragraph 8Article 7, the other Non- Insuring Party may, but shall not be required to, procure and maintain the samesuch insurance, but at Lesseethe Insuring Party's expense.

Appears in 1 contract

Samples: Lease Agreement (Pinnacle Entertainment Inc)

Insurance Policies. Insurance required hereunder shall be in companies duly licensed to transact business rated "A-XII" or better by A.M. Best Co, in the state where the Premises are located, and maintaining during the policy term a "General Policyholders Rating" of at least B+, V, or such other 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." Lessee shall not do Key guide. On or permit prior to be done anything which shall invalidate the insurance policies referred to in this Paragraph 8. If Lessee is the Insuring PartyCommencement Date, Lessee shall cause to be delivered deliver to Lessor certified copies of policies of such liability insurance required under SECTION 8.1 and policies of casualty insurance required by SECTION 8.2 or certificates evidencing the existence and amounts of such insurance, and in the case of the liability insurance with policy indicating that the parties designated in SECTION 8.1 have been named an additional insureds there under. All such policies and loss payable clauses as required by this Lease. No such policy certificates of insurance shall be cancellable on forms reasonably acceptable to Lessor and shall state explicitly that such insurance shall not be cancelable or subject to reduction of coverage or other modification except after thirty (30) days prior written notice to Lessor. Lessee shall upon at least thirty (30) days prior day's advance written notice by the insurer to the expiration of such policies, Lessor. Lessee shall furnish Lessor with evidence of renewals or "insurance binders" evidencing renewal thereof, or Lessor may order such insurance and charge the cost thereof to Lessee, which amount shall be payable by Lessee to Lessor upon demand. If Lessee shall not do or permit to be done anything, which shall invalidate the Insuring Party shall fail insurance policies referred to procure in SECTION 8.3, 8.4 or 8.5. Either party may provide any required insurance under a so-called blanket policy or policies covering other parties and locations and may maintain the insurance required to be carried coverage by a so-called umbrella policy or policies, so long as the Insuring Party under this Paragraph 8, the other Party may, but shall required converge is not be required to, procure and maintain the same, but at Lessee's expensethereby diminished.

Appears in 1 contract

Samples: Standard Commercial Industrial Lease (On Site Sourcing Inc)

Insurance Policies. Insurance required hereunder shall be in companies duly licensed to transact business in the state where the Premises are located, and maintaining during the policy term a "General Policyholders Rating" of at least a B+, V, or other such other 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." Lessee shall not do or permit to be done anything which shall invalidate the insurance policies referred to in this Paragraph 8. If Lessee is the Insuring Party, Lessee shall cause to be delivered to Lessor certified copies of policies of such insurance or certificates evidencing the existence and amounts of such insurance with the insureds and loss payable clauses as required by this Lease. No such policy shall be cancellable or subject to modification except after thirty (30) days prior written notice to Lessor. Lessee shall shall, at least thirty (30) days prior to the expiration of such policies, furnish Lessor with evidence of renewals or "insurance Insurance binders" evidencing renewal thereof, or Lessor may order such insurance and charge the cost thereof to Lessee, which amount shall be payable by Lessee to Lessor upon demand. If the Insuring Party shall fail to procure and maintain the insurance required to be carried by the Insuring Party under this Paragraph 8, the other Party may, but shall not be required to, procure and maintain the same, but at Lessee's expense.

Appears in 1 contract

Samples: Lease Agreement (Modtech Inc)

Insurance Policies. Insurance required hereunder shall be in companies duly licensed to transact business in the state where the Premises are located, and maintaining during the policy term a "General Policyholders Rating" of at least B+, V, or such other 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 ’s Insurance Guide." Lessee shall not do or permit to be done anything which shall invalidate the insurance policies referred to in this Paragraph 8. If Lessee is the Insuring Party, Lessee shall cause to be delivered to Lessor certified copies of policies of such insurance or certificates evidencing the existence and amounts of such insurance with the insureds and loss payable clauses as required by this the Lease. No such policy shall be cancellable cancelable or subject to modification except after thirty (30) days prior written notice to Lessor. Lessee shall at least thirty (30) days prior to the expiration of such policies, furnish Lessor with evidence of renewals or "insurance binders" evidencing renewal thereof, or Lessor may order such insurance and charge the cost thereof to Lessee, which amount shall be payable by Lessee to Lessor upon demand. If the Insuring insuring Party shall fail to procure and maintain the insurance required to be carried by the Insuring Party under this Paragraph 8, the other Party may, but shall not be required to, procure and maintain the same, but at Lessee's ’s expense.

Appears in 1 contract

Samples: Lease Agreement (Wells Real Estate Investment Trust Inc)

Insurance Policies. Insurance required hereunder shall be in companies duly licensed to transact business in the state where the Premises are located, and maintaining during the policy term a "General Policyholders Rating" of at least B+, V, or such other 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." Lessee shall not do or permit to be done anything which shall invalidate the insurance policies referred to in this Paragraph 8. If Lessee is the Insuring Party, Lessee shall cause to be delivered to Lessor certified copies of policies of such insurance or certificates evidencing the existence and amounts of such insurance with the insureds and loss payable clauses as required by this Lease. No such policy shall be cancellable or subject to modification except after thirty (30) days prior written notice to Lessor. Lessee shall at least thirty (30) days prior to the expiration of such policies, furnish Lessor with evidence of renewals or "insurance binders" evidencing renewal thereof, or Lessor may order such insurance and charge the cost thereof to Lessee, which amount shall be payable by Lessee to Lessor upon demand. If the Insuring Party party shall fail to procure and maintain the insurance required to be carried by the Insuring Party under this Paragraph 8, the other Party may, may but shall not be required to, procure and maintain the same, but at Lessee's expense.

Appears in 1 contract

Samples: Standard Industrial/Commercial Single Tenant Lease (Combichem Inc)

Insurance Policies. Insurance required hereunder shall be in companies duly licensed to transact business in the state where the Premises are located, and maintaining during the policy term a "General Policyholders Rating" of at least B+, V, or such other 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." Lessee shall not do or permit to be done anything which shall invalidate the insurance policies referred to in this Paragraph 8. If Lessee is the Insuring Party, Lessee shall cause to be delivered to Lessor certified copies of policies of such insurance or certificates evidencing the existence and amounts of such insurance with the insureds and loss payable clauses as required by this Lease. No such policy shall be cancellable or subject to modification except after thirty (30) days prior written notice to Lessor. Lessee shall at least thirty (30) days prior to the expiration of such policies, furnish Lessor with evidence of renewals or "insurance binders" evidencing renewal thereof, or Lessor may order such insurance and charge the cost thereof to Lessee, which amount shall be payable by Lessee to Lessor upon demand. If the Insuring Party shall fail to procure and maintain the insurance required to be carried by the Insuring Party under this Paragraph 8, the other Party may, but shall not be required to, procure and maintain the same, but at LesseeLxxxxx's expense.

Appears in 1 contract

Samples: Long Term Lease (Pacific Research & Engineering Corp)

Insurance Policies. Insurance required hereunder shall be in companies duly licensed to transact business in the state where the Premises are located, and maintaining during the policy term a "General Policyholders Rating" of at least B+, V, or such other 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." Lessee shall not do or permit to be done anything which shall invalidate the insurance policies referred to in this Paragraph 8. If Lessee is the Insuring Party, Lessee shall cause to be delivered to Lessor certified copies of policies of such insurance or certificates evidencing the existence and amounts of such insurance with the insureds and loss payable clauses as required by this Lease. No such policy shall be cancellable cancelable or subject to modification except after thirty (30) days prior written notice to Lessor. Lessee shall at least thirty (30) days prior to the expiration of such policies, furnish Lessor with evidence of renewals or "insurance binders" evidencing renewal thereof, or Lessor may order such insurance and charge the cost thereof to Lessee, which amount shall be payable by Lessee to Lessor upon demand. If the Insuring Party shall fail to procure and maintain the insurance required to be carried by the Insuring Party under this Paragraph 8, the other Party may, but shall not be required to, procure and maintain the same, but at Lessee's expense.

Appears in 1 contract

Samples: Standard Industrial/Commercial Single Tenant Lease (Clontech Laboratories Inc)

Insurance Policies. If Tenant is the Insuring Party, Insurance required hereunder per this Paragraph 16. shall be in with companies duly licensed to transact business in the state where the Premises are located, and maintaining during the policy term a "General Policyholders Rating" of at least B+, VA- X, or such other minimal rating as may be required by a Lender having a lien on the Premises, Lender(s) as set forth in the most current issue of "Best's Insurance Guide." Lessee Tenant shall not do or permit to be done anything which shall invalidate the insurance policies referred to in this Paragraph 816. If Lessee Tenant is the Insuring Party, Lessee Tenant shall cause to be delivered to Lessor Landlord certified copies of policies of such insurance or certificates evidencing the existence and amounts of such insurance with the insureds and loss payable clauses as required by this Lease. No such policy shall be cancellable cancelable or subject to modification except after thirty (30) days prior written notice to LessorLandlord. Lessee Tenant shall at least thirty (30) days prior to the expiration of such policies, furnish Lessor Landlord with evidence of renewals or "insurance binders" evidencing renewal thereof, or Lessor Landlord may order such insurance and charge the cost thereof to LesseeTenant, which amount shall be payable by Lessee Tenant to Lessor Landlord upon demand. If the Insuring Party shall fail to procure and maintain the insurance required to be carried by the Insuring Party under this Paragraph 816., the other Party may, but shall not be required to, procure and maintain the same, but at LesseeTenant's expense.

Appears in 1 contract

Samples: Standard NNN Lease (Infoseek Corp)

Insurance Policies. Insurance required hereunder shall be in companies duly licensed to transact business in the state where the Premises are located, and maintaining during the policy term a "General Policyholders Rating" of at least Least B+, V, or such other 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." Lessee shall not do or permit to be done anything which shall invalidate the insurance policies referred to in this Paragraph 8. If Lessee is the Insuring Party, Lessee shall cause to be delivered to Lessor certified copies of policies of such insurance or certificates evidencing the existence and amounts of such insurance with the insureds and loss payable clauses as required by this Lease. No such policy shall be cancellable or subject to modification except after thirty (30) days prior written notice to Lessor. Lessee shall at least thirty (30) days prior to the expiration of such policies, furnish Lessor with evidence of renewals or "insurance binders" evidencing renewal thereofthereto, or Lessor may order such insurance and charge the cost thereof to Lessee, which amount shall be payable by Lessee to Lessor lessor upon demand. If the Insuring Party shall fail to procure and maintain the insurance required to be carried by the Insuring Party under this Paragraph 8, the other Party may, but shall not be required to, procure and maintain the same, same but at Lessee's expense.

Appears in 1 contract

Samples: Lease Agreement (Microtel International Inc)

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Insurance Policies. Insurance required hereunder shall be in companies duly licensed to transact business in the state where the Premises are located, and maintaining during the policy term a "General Policyholders Rating" of at least B+, V, or such other 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." Lessee shall not do or permit to be done anything which shall invalidate the insurance policies referred to in this Paragraph 8. If Lessee is the Insuring Party, Lessee shall cause to be delivered to Lessor certified copies of policies of such insurance or certificates evidencing the existence existance and amounts of such insurance with the insureds and loss payable clauses as required by this Lease. No such policy shall be cancellable or subject to modification except after thirty (30) days prior written notice to Lessor. Lessee shall at least thirty (30) days prior to the expiration of such policies, furnish furnished Lessor with evidence of renewals or "insurance binders" evidencing renewal thereof, or Lessor may order such insurance and charge the cost thereof to Lessee, which amount shall be payable by Lessee to Lessor upon demand. If the Insuring Party shall fail fill to procure and maintain the insurance required to be carried by the Insuring Party under this Paragraph 8, the other Party may, but shall not be required to, procure and maintain the same, but at Lessee's expense.

Appears in 1 contract

Samples: Sublease Agreement (Inland Northwest Bancorporation Inc)

Insurance Policies. Insurance required hereunder shall be in companies duly licensed to transact business in the state where the Premises are located, and maintaining during the policy term a "General Policyholders Rating" of at least B+, VA:VII, or such other 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." Lessee shall not do or permit to be done anything which shall invalidate the insurance policies referred to in this Paragraph 8. a. If Lessee is the Insuring Party, Lessee shall cause to be delivered to Lessor certified copies of policies of such insurance or certificates evidencing the existence and amounts of such insurance with the insureds and loss payable clauses as required by this Lease. , No such policy shall be cancellable or subject to modification except after thirty (30) days prior written notice to Lessor. , Lessee shall at least thirty (30) days prior to the expiration of such policies, furnish Lessor with evidence of renewals or "insurance binders" evidencing renewal thereof, or Lessor may order such insurance and charge the cost thereof to Lessee, which amount shall be payable by Lessee to Lessor upon demand. If the Insuring Party shall Shall fail to procure and maintain the insurance required to be carried by the Insuring insuring Party under this Paragraph 8, the other Other Party may, but shall not be required to, to procure and maintain the same, but at Lessee's expense.

Appears in 1 contract

Samples: Standard Industrial/Commercial Tenant Lease Net (Emergent Group Inc/Ny)

Insurance Policies. Insurance required hereunder shall be in with companies duly licensed to transact business in the state where the Premises are located, and maintaining during the policy term holding a Best's Insurance Guide "General Policyholders Policyholder's Rating" of at least B+, V, or such other "A" and a "Financial Size Category" 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 at least Class VII. Insurance Guide." Lessee policies shall not do or permit to be done anything which shall invalidate the insurance policies referred to in this Paragraph 8. If Lessee is the Insuring Party, Lessee shall cause to be delivered to Lessor certified copies of policies of such insurance or certificates evidencing the existence and amounts of such insurance with the insureds and loss payable clauses as required by this Lease. No such policy shall be cancellable cancelable or subject to reduction in coverage or other modification except after thirty (30) days days' prior written notice to Lessor. Lessee shall at least thirty (30) days prior Landlord and mortgage holders to the expiration of such policiesextent required by any promissory note(s), furnish Lessor with evidence of renewals loan agreement(s) or "insurance binders" evidencing renewal thereofdocuments, or Lessor may order such insurance and charge deed(s) of trust encumbering the cost thereof Premises. Subject to Lesseethe terms of any deeds of trust encumbering the Premises, which amount shall be payable by Lessee to Lessor upon demand. If the Insuring Party shall fail to procure and maintain the insurance any policy required to be carried maintained by the Insuring Party Tenant under this Paragraph 8Lease may be maintained under a so-called "blanket policy" insuring other parties and/or locations, so long as the amount of insurance and type of coverage required to be provided hereunder is not thereby diminished, changed or adversely affected. The insuring party shall deposit with such mortgage holders as Landlord may require, policies, duplicates or certificates as such holders may require, and shall in all cases furnish the other Party mayparty with policies, but duplicates and certificates. Tenant shall not violate or permit to be required toviolated any of the conditions or provisions of any policy provided for in Paragraph 8.1, procure and maintain Tenant shall so perform and satisfy the same, but requirements of the companies writing such policies so that at Lessee's expenseall times companies of good standing reasonably satisfactory to Landlord shall be willing to write and/or continue such insurance.

Appears in 1 contract

Samples: Standard Industrial Lease (Metatec International Inc)

Insurance Policies. Insurance required hereunder shall be in companies duly licensed to transact business in the state where the Premises are located, and maintaining during the policy term a "General Policyholders Rating" of at least B+, V, or such other 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." Lessee and Lessor shall not do or permit to be done anything which shall invalidate the insurance policies referred to in this Paragraph 8. If Lessee is the Insuring Party, Lessee Each party shall cause to be delivered to Lessor the other party certified copies of policies of such insurance or certificates evidencing the existence and amounts of such insurance with the insureds and loss payable clauses as required by this Lease. No such policy shall be cancellable cancelable or subject to modification except after thirty (30) days prior written notice to Lessorthe other. Lessee Each party shall at least thirty (30) days prior to the expiration of such policies, furnish Lessor the other with evidence of renewals or "insurance binders" evidencing renewal thereof, or Lessor may order such insurance and charge the cost thereof to Lessee, which amount shall be payable by Lessee to Lessor upon demand. If the Insuring Party shall fail to procure and maintain the insurance required to be carried by the Insuring Party under this Paragraph 8, the other Party may, but shall not be required to, procure and maintain the same, but at Lesseethe insuring party's expense. See Addendum 8.5.

Appears in 1 contract

Samples: Lease Agreement (Nanogen Inc)

Insurance Policies. Insurance required hereunder herein shall be in by companies duly licensed or admitted to transact business in the state where the Premises are located, and maintaining during the policy term a "General Policyholders Rating" of at least B+, V, or such other 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." Lessee ", or such other rating as may be required by a Lender. Tenant shall not do or permit to be done anything which shall invalidate invalidates the required insurance policies referred policies. Tenant shall, prior to in this Paragraph 8. If Lessee is the Insuring PartyCommencement Date, Lessee shall cause deliver to be delivered to Lessor Landlord certified copies of policies of such insurance or certificates evidencing the existence and amounts of such insurance with the insureds and loss payable clauses as required by this Leaseinsurance. No such policy shall be cancellable cancelable or subject to modification reduction except after thirty (30) days prior written notice to LessorLandlord. Lessee shall Tenant shall, at least thirty ten (3010) days prior to the expiration of such policies, furnish Lessor Landlord with evidence of renewals or "insurance binders" evidencing renewal thereof, or Lessor Landlord may order such insurance and charge the cost thereof to LesseeTenant, which amount shall be payable by Lessee Tenant to Lessor upon Landlord within thirty (30) days following receipt of written demand. Such policies shall be for a term of at least one year, or the length of the remaining term of this Lease, whichever is less. If the Insuring either Party shall fail to procure and maintain the insurance required to be carried by the Insuring Party under this Paragraph 8it, the other Party may, but shall not be required to, procure and maintain the same, but at Lessee's expense.but

Appears in 1 contract

Samples: Standard Industrial/Commercial Lease Agreement (Intuit Inc)

Insurance Policies. Insurance required hereunder shall be in companies duly licensed to transact business in the state where the Premises are located, and maintaining during the policy term a "General Policyholders Rating" of at least B+0+, V, V or such other 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." Lessee shall not do or permit to be done anything which shall invalidate the insurance policies referred to in this Paragraph 8. If Lessee is the Insuring Party, Party Lessee shall cause to be delivered to Lessor certified copies of policies of such insurance or certificates evidencing the existence and amounts of such insurance with the insureds insured and loss payable clauses as required by this Lease. No such policy shall be cancellable cancelable or subject to modification except after thirty (30) days prior written notice to Lessor. Lessee shall at al least thirty (30) days prior to the expiration of such policies, furnish Lessor with evidence of renewals or "insurance binders" evidencing renewal thereof, or Lessor may order such insurance and charge the cost thereof to Lessee, . which amount shall be payable by Lessee to Lessor upon demand. If demand It the Insuring Party shall fail to procure and maintain the insurance required to be carried by the Insuring Party under this Paragraph 8, . the other Party may, but shall not be required to, procure and maintain the same, but at Lessee's expense.

Appears in 1 contract

Samples: Standard Industrial/Commercial Single Tenant Lease Net (William Lyon Homes)

Insurance Policies. Insurance required hereunder herein shall be in by companies duly licensed or admitted to transact business in the state where the Premises are located, and maintaining during the policy term a "General Policyholders Rating" of at least B+, V, or such other rating as may be required by a Lender having a lien on the PremisesA+XV, as set forth in the most current issue of "Best's Insurance Guide." ", or such other rating as may be required by a Lender. Lessee shall not do or permit to be done anything which shall invalidate invalidates the required insurance policies referred policies. Lessee shall, prior to in this Paragraph 8. If Lessee is the Insuring PartyStart Date, Lessee shall cause to be delivered deliver to Lessor certified copies of policies of such insurance or certificates endorsements evidencing the existence and amounts of such insurance with the insureds and loss payable clauses as required by this Leaseinsurance. No such policy shall be cancellable cancelable or subject to modification except after thirty (30) 30 days prior written notice to Lessor. Lessee shall shall, at least thirty (30) 30 days prior to the expiration of such policies, furnish Lessor with evidence satisfactory to Lessor of renewals or "insurance binders" evidencing renewal thereof, or Lessor may order such insurance and charge the cost thereof to Lessee, which amount shall be payable by Lessee to Lessor upon demand. Lessee shall thereafter deliver copies of the policies that have been renewed before expiration of the insurance binder. If Lessee fails to do so, then Lessor, in is sole and absolute discretion, may order such insurance and charge the Insuring costs thereof to Lessee, which amount shall be payable by Lessee to Lessor upon demand. Such policies shall be for a term of at least one year, or the length of the remaining term of this Lease, whichever is less. If either Party shall fail to procure and maintain the insurance required to be carried by the Insuring Party under this Paragraph 8it, the other Party may, but shall not be required to, procure and maintain the same. Lessee shall carry and maintain during the entire Term (including any option periods), but at Lessee's ’s sole cost and expense, increased amounts of the insurance required to be carried by Lessee pursuant to this Lease and such other reasonable types of insurance coverage and in such reasonable amounts covering the Premises and Lessee’s operations therein, as may be reasonably required by Lessor.

Appears in 1 contract

Samples: Standard Industrial/Commercial Multi Tenant Lease (SMART Modular Technologies (WWH), Inc.)

Insurance Policies. Insurance required hereunder shall be in companies duly licensed to transact business in the state where the Premises are located, and maintaining during the policy term a "General Policyholders Rating" of at least B+, V, or such other 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." Lessee shall not do or permit to be done anything which shall invalidate the insurance policies referred to in this Paragraph 8. If Lessee is the Insuring Party, Lessee shall cause to be delivered to Lessor certified copies of policies of such insurance or certificates evidencing the existence and amounts of such insurance with the insureds and loss payable clauses as required by this Lease. No such policy shall be cancellable cancelable or subject to modification except after thirty (30) days prior written notice to Lessor. Lessee shall at least thirty (30) days prior to the expiration of such policies, furnish Lessor with evidence of renewals or "insurance binders" evidencing renewal thereof, or Lessor may order such insurance and charge the cost thereof to Lessee, which amount shall be payable by Lessee to Lessor upon demand. If the Insuring Party shall fail to procure and maintain the insurance required to be carried by the Insuring Party under this Paragraph 8, the other Party may, but shall not be required to, procure and maintain the same, but at Lessee's expense.

Appears in 1 contract

Samples: Standard Industrial/Commercial Single Tenant Lease (Interwave Communications International LTD)

Insurance Policies. Insurance required hereunder shall be in companies duly licensed to transact business in the state where the Premises are located, and maintaining during the policy term a "General Policyholders Rating" of at least B+, V, A+.V. or such other 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." Lessee shall not do or permit to be done anything which shall invalidate the insurance policies referred to in this Paragraph 8. If Lessee is the Insuring Party, Lessee shall cause to be delivered to Lessor Lender certified copies of policies of such insurance or certificates evidencing the existence and amounts of such insurance with the insureds and loss payable clauses as required by this Lease. No such policy shall be cancellable or subject to modification except after thirty (30) days prior written notice to of Lessor. Lessee shall at least thirty (30) days prior to the expiration of such policies, furnish Lessor with evidence of renewals or "insurance binders" evidencing renewal thereof, or Lessor may order such insurance and charge the cost thereof to Lessee, which amount shall be payable by Lessee to Lessor upon demand. If the Insuring insuring Party shall fail to procure and maintain the insurance required to be carried by the Insuring Party under this Paragraph 8, the other Party may, but shall not be required to, procure and maintain the same, but at Lessee's expense.

Appears in 1 contract

Samples: Standard Industrial/Commercial Single Tenant Lease (Kimberton Enterprises Inc)

Insurance Policies. Insurance required hereunder shall be in companies duly licensed to transact business in the state where the Premises are locatedCalifornia, and maintaining during the policy term a "General Policyholders Rating" of at least B+, V, or such other rating as may be required by a Lender having a lien on the PremisesLender, as set forth in the most current issue of "Best's Insurance Guide." Lessee Tenant shall not do or permit to be done anything which shall invalidate the insurance policies referred to in this Paragraph 810. If Lessee is the Insuring Party, Lessee Tenant shall cause to be delivered to Lessor Landlord certified copies of policies of such insurance or certificates evidencing the existence and amounts of such insurance with the insureds insured and loss payable clauses as required by this Lease. No such policy shall be cancellable cancelable or subject to modification except after thirty (30) days prior written notice to LessorLandlord. Lessee Tenant shall at least thirty (30) days prior to the expiration of such policies, furnish Lessor Landlord with evidence of renewals or "insurance binders" evidencing renewal thereof, or Lessor Landlord may order such insurance and charge the cost thereof to LesseeTenant, which amount shall be payable by Lessee Tenant to Lessor Landlord upon demand. If the Insuring Party shall fail to procure and maintain the insurance required to be carried by the Insuring Party under this Paragraph 810, the other Party party may, but shall not be required to, procure and maintain the same, but at LesseeTenant's expense.

Appears in 1 contract

Samples: Lease Agreement (Clontech Laboratories Inc)

Insurance Policies. Insurance required hereunder shall be in companies duly licensed to transact business in the state where the Premises are located, and maintaining during the policy term a "General Policyholders Rating" of at least B+, V, or other such other 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." Lessee shall not do or permit to be done anything which shall invalidate the insurance policies referred to in this Paragraph 8. If Lessee is the Insuring Party, Lessee shall cause to be delivered to Lessor certified copies of policies of such insurance or certificates evidencing the existence and amounts of such insurance with the insureds and loss payable clauses as required by this Lease. No such policy shall be cancellable cancelable or subject to modification except after thirty (30) days prior written notice to Lessor. Lessee shall at least thirty (30) days prior to the expiration of such policies, furnish Lessor with evidence of renewals or "insurance binders" evidencing renewal thereof, or Lessor may order such insurance and charge the cost thereof to Lessee, which amount shall be payable by Lessee to Lessor upon demand. If the Insuring Party shall fail fall to procure and maintain the insurance required to be carried by the Insuring Party under this Paragraph 8, the other Party may, but shall not be required to, procure procedure and maintain the same, but at Lessee's expense.

Appears in 1 contract

Samples: Standard Industrial/Commercial Single Tenant Lease Net (Deltagen Inc)

Insurance Policies. Insurance required hereunder shall be in companies duly licensed to transact business in the state where the Premises are located, and maintaining during the policy term a "General Policyholders Rating" of at least B+, V, or such other 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." ". Lessee shall not do or permit to be done anything which shall invalidate the insurance policies referred to in this Paragraph 8. If Lessee is the Insuring Party, Lessee shall cause to be delivered to Lessor certified copies of policies of such insurance or certificates evidencing the existence and amounts of such insurance with the insureds and loss payable clauses as required by this Lease. No such policy shall be cancellable cancelable or subject to modification except after thirty (30) days prior written notice to Lessor. Lessee shall at least thirty (30) days prior to the expiration of such policies, furnish Lessor with evidence of renewals or "insurance binders" evidencing renewal thereof, or Lessor may order such insurance and charge the cost thereof to Lessee, which amount shall be payable by Lessee to Lessor upon demand. If the Insuring Party party shall fail to procure and maintain the insurance required to be carried by the Insuring Party under this Paragraph 8, the other Party may, but shall not be required to, procure and maintain the same, but at Lessee's expense.

Appears in 1 contract

Samples: Single Tenant Lease (Informix Corp)

Insurance Policies. Insurance required hereunder herein shall be in by companies duly licensed or admitted to transact business in the state where the Premises are located, and maintaining during the policy term a "General Policyholders Rating" of at least B+A-, V, or such other rating as may be required by a Lender having a lien on the PremisesVII, as set forth in the most current issue of "Best's Insurance Guide." Lessee ", or such other rating as may be required by a Lender. TENANT shall not do or permit to be done anything which shall invalidate invalidates the required insurance policies referred policies. TENANT shall, prior to in this Paragraph 8. If Lessee is the Insuring PartyCommencement Date, Lessee shall cause deliver to be delivered to Lessor LANDLORD certified copies of policies of such insurance or certificates in form and content acceptable to LANDLORD evidencing the existence and amounts of such insurance with the insureds and loss payable clauses as required by this Leaseinsurance. No such policy shall be cancellable cancelable or subject to modification except after thirty (30) 30 days prior written notice to LessorLANDLORD. Lessee shall TENANT shall, at least thirty (30) 30 days prior to the expiration of such policies, furnish Lessor LANDLORD and LANDLORD'S Lender, if any, with evidence of renewals or "insurance binders" evidencing renewal thereof, or Lessor LANDLORD may order such insurance and charge the cost thereof to LesseeTENANT, which amount shall be payable by Lessee TENANT to Lessor LANDLORD upon demand. Such policies shall be for a term of at least one year, or the length of the remaining term of this Lease, whichever is less. If the Insuring either Party shall fail to procure and maintain the insurance required to be carried by the Insuring Party under this Paragraph 8it, the other Party may, but shall not be required to, procure and maintain the same, but at Lessee's expense.

Appears in 1 contract

Samples: Property Lease (Quality Products Inc)

Insurance Policies. Insurance required hereunder shall be in companies duly licensed to transact business in the state where the Premises are located, and maintaining during the policy term holding a "General Policyholders Rating" of at least B+, Vnot less than "A", or such other rating as may be required by a Lender lender having a lien on the PremisesProperty, as set forth in the most current issue of "Best's Insurance Guide." Lessee The insuring party shall deliver to the other party copies of policies of such insurance or certificates evidencing the existence and amounts of such insurance with loss payable clauses as required by this Section 4.04. No such policy shall be cancelable or subject to reduction of coverage or other modification except after thirty (30) days prior to the expiration of such policies, furnish Landlord with renewals or "binders" thereof, or Landlord may order such insurance and charge the cost thereof to Tenant, which amount shall be payable by Tenant upon demand. Tenant shall not do or permit to be done anything which shall invalidate the insurance policies referred to in this Paragraph 8Section 4.04(c). If Lessee Tenant does or permits to be done anything which shall increase the cost of the insurance policies referred to in Section 4.04(c), then Tenant shall forthwith upon Landlord's demand reimburse Landlord for any additional premiums attributable to any act or omission or operation of Tenant causing such increase in the cost of insurance. If Landlord is the Insuring Partyinsuring party, Lessee and if the insurance policies maintained hereunder cover other improvements in addition to the Property, Landlord shall cause deliver to be delivered to Lessor certified copies Tenant a written statement setting forth the amount of policies of any such insurance or certificates evidencing cost increase and showing in reasonable detail the existence and amounts of such insurance with the insureds and loss payable clauses as required by this Lease. No such policy shall be cancellable or subject to modification except after thirty (30) days prior written notice to Lessor. Lessee shall at least thirty (30) days prior to the expiration of such policies, furnish Lessor with evidence of renewals or "insurance binders" evidencing renewal thereof, or Lessor may order such insurance and charge the cost thereof to Lessee, manner in which amount shall be payable by Lessee to Lessor upon demand. If the Insuring Party shall fail to procure and maintain the insurance required to be carried by the Insuring Party under this Paragraph 8, the other Party may, but shall not be required to, procure and maintain the same, but at Lessee's expenseit has been computed.

Appears in 1 contract

Samples: Industrial Real Estate Lease (Newagecities Com Inc)

Insurance Policies. Insurance required hereunder shall be in companies duly licensed to transact business in the state where the Premises are located, and maintaining during the policy term a "General Policyholders Rating" of at least B+, VA:X, or such other 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." . Lessee shall not do or permit to be done anything which shall invalidate the insurance policies referred to in this Paragraph 8. If Lessee is the Insuring Party, Lessee shall cause to be delivered to Lessor certified copies of policies of such insurance or certificates evidencing the existence and amounts of such insurance with the insureds and loss payable clauses as required by this Lease. No such policy shall be cancellable cancelable or subject to modification except after thirty (30) days prior written notice to Lessor. Lessee shall at least thirty (30) days prior to the expiration of such policies, furnish Lessor with evidence of renewals or "insurance Insurance binders" evidencing renewal thereof, or Lessor may order such insurance and charge change the cost thereof to Lessee, which amount shall be payable by Lessee to Lessor upon demand. If the Insuring Party shall fail to procure and maintain the insurance required to be carried by the Insuring Party under this Paragraph 8, the other Party may, but shall not be required to, procure and maintain the same, but at Lessee's expense.

Appears in 1 contract

Samples: Standard Industrial/Commercial Single Tenant Lease Net (Source Scientific Inc)

Insurance Policies. If Tenant is the Insuring Party, Insurance required hereunder per this (P)16. shall be in with companies duly licensed to transact business in the state where the Premises are located, and maintaining during the policy term a "General Policyholders Rating" of at least B+, VA- X, or such other minimal rating as may be required by a Lender having a lien on the Premises, Lender(s) as set forth in the most current issue of "Best's Insurance Guide." Lessee Tenant shall not do or permit to be done anything which shall invalidate the insurance policies referred to in this Paragraph 8(P)16. If Lessee Tenant is the Insuring Party, Lessee Tenant shall cause to be delivered to Lessor Landlord certified copies of policies of such insurance or certificates evidencing the existence and amounts of such insurance with the insureds and loss payable clauses as required by this Lease. No such policy shall be cancellable cancelable or subject to modification except after thirty (30) days prior written notice to LessorLandlord. Lessee Tenant shall at least thirty (30) days prior to the expiration of such policies, furnish Lessor Landlord with evidence of renewals or "insurance binders" evidencing renewal thereof, or Lessor Landlord may order such insurance and charge the cost thereof to LesseeTenant, which amount shall be payable by Lessee Tenant to Lessor Landlord upon demand. If the Insuring Party shall fail to procure and maintain the insurance required to be carried by the Insuring Party under this Paragraph 8(P)16., the other Party may, but shall not be required to, procure and maintain the same, but at LesseeTenant's expense.

Appears in 1 contract

Samples: Standard NNN Lease (Infoseek Corp)

Insurance Policies. Insurance required hereunder shall be in companies duly licensed to transact business in the state where the Premises are located, and maintaining during the policy term a "General Policyholders Rating" of at least B+B +, V, or such other 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 ’s Insurance Guide." Lessee shall not do or permit to be done anything which shall invalidate the insurance policies referred to in this Paragraph 8. If Lessee is the Insuring Party, Lessee shall cause to be delivered to Lessor certified copies of policies of such insurance or certificates evidencing the existence and amounts of such insurance with the insureds and loss payable clauses as required by this Lease. No such policy shall be cancellable cancelable or subject to modification except after thirty (30) days prior written notice to Lessor. Lessee shall at least thirty (30) days prior to the expiration of such policies, furnish Lessor with evidence of renewals or "insurance binders" evidencing renewal thereof, or Lessor may order such insurance and charge the cost thereof to Lessee, which amount shall be payable by Lessee to Lessor upon demand. If the Insuring Party shall fail to procure and maintain the insurance required to be carried by the Insuring Party under this Paragraph 8, the other Party may, but shall not be required to, procure and maintain the same, but at Lessee's ’s expense.

Appears in 1 contract

Samples: Commercial Lease Agreement (Openwave Systems Inc)

Insurance Policies. Insurance required hereunder shall be in companies duly licensed to transact business in the state where the Premises are located, and maintaining during the policy term a "General Policyholders Rating" of at least B+A, V, X or such other 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." Lessee shall not do or permit to be done anything which shall invalidate the insurance policies referred to in this Paragraph 8. If Lessee is the Insuring insuring Party, Lessee shall cause to be delivered to Lessor certified copies of policies of such insurance or certificates certificate evidencing the existence and amounts of such insurance with the insureds and loss payable clauses as required by this Lease. No such policy shall be cancellable or subject to modification except after thirty (30) days prior written notice to Lessor. Lessee shall at least thirty (30) days prior to the expiration of such policies, furnish Lessor with evidence of renewals or "insurance binders" evidencing renewal thereof, or Lessor may order such insurance and charge the cost thereof to Lessee, which amount shall be payable by Lessee to Lessor upon demand. If the Insuring Party shall fail to procure and maintain the insurance required to be carried by the Insuring Party under this Paragraph 8, the other Party may, but shall not be required to, procure and maintain the same, but at Lessee's expense.

Appears in 1 contract

Samples: Standard Industrial/Commercial Lease (Miravant Medical Technologies)

Insurance Policies. Insurance required hereunder shall be in companies duly licensed to transact business in the state where the Premises are located, and maintaining during the policy term a "General Policyholders Rating" of at least B+, V, or such other 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." Lessee shall not do or permit to be done anything which shall invalidate the insurance policies referred to in this Paragraph 8. If Lessee is the Insuring Party, Lessee shall cause to be delivered to Lessor certified copies of policies of such insurance or certificates evidencing the existence and amounts of such insurance with the insureds and loss payable clauses as required by this Lease. No such policy shall be cancellable cancelable or subject to material modification except after thirty (30) days prior written notice to Lessor. Lessee shall at least thirty (30) days prior to the expiration of such policies, furnish Lessor with evidence of renewals or "insurance binders" evidencing renewal thereof, or Lessor may order such insurance and charge the cost thereof to Lessee, which amount shall be payable by Lessee to Lessor upon demand. If the Insuring Party shall fail to procure and maintain the insurance required to be carried by the Insuring Party under this Paragraph 8, the other Party may, but shall not be required to, procure and maintain the same, but at Lessee's expense.

Appears in 1 contract

Samples: Single Tenant Lease Net (Southwall Technologies Inc /De/)

Insurance Policies. Insurance If Tenant is the Insuring Party, insurance required hereunder per this (P)16. shall be in with companies duly licensed to transact business in the state where the Premises are located, and maintaining during the policy term a "General Policyholders Rating" of at least B+, VA-X, or such other minimal rating as may be required by a Lender having a lien on the Premises, Lender(s) as set forth in the most current issue of "Best's Insurance Guide." Lessee Tenant shall not do or permit to be done anything which shall invalidate the insurance policies referred to in this Paragraph 8(P)16. If Lessee Tenant is the Insuring Party, Lessee Tenant shall cause to be delivered to Lessor Landlord certified copies of policies of such insurance or certificates evidencing the existence and amounts of such insurance with the insureds and loss payable clauses as required by this Lease. No such policy shall be cancellable cancelable or subject to modification except after thirty (30) days prior written notice to LessorLandlord. Lessee Tenant shall at least thirty (30) days prior to the expiration of such policies, furnish Lessor Landlord with evidence of renewals or "insurance binders" evidencing renewal thereof, or Lessor Landlord may order such insurance and charge the cost thereof to LesseeTenant, which amount shall be payable by Lessee Tenant to Lessor Landlord upon demand. If the Insuring Party shall fail to procure and maintain the insurance required to be carried carded by the Insuring Party under this Paragraph 8(P)16., the other Party may, but shall not be required to, procure and maintain the same, but at LesseeTenant's expense.

Appears in 1 contract

Samples: Standard NNN Lease (Biomarin Pharmaceutical Inc)

Insurance Policies. Insurance required hereunder herein shall be in by companies duly licensed or admitted to transact business in the state where the Premises are located, and maintaining during the policy term a "General Policyholders Rating" of at least B+, V, as set forth in the most current issue of “Best’s Insurance Guide”, or such other 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." Lender. Lessee shall not do or permit to be done anything which shall invalidate invalidates the required insurance policies referred policies. Lessee shall, prior to in this Paragraph 8. If Lessee is the Insuring PartyCommencement Date, Lessee shall cause to be delivered deliver to Lessor certified copies of policies of such insurance or certificates evidencing the existence and amounts of the required insurance. Should any of the above described policies be cancelled before the expiration date of such insurance with policies, the insureds and loss payable clauses as required by this Lease. No such policy insurer shall be cancellable or subject endeavor to modification except after mail thirty (30) days days’ prior written notice of such cancellation to LessorLessor and to any additional insureds under such policies. Lessee shall shall, at least thirty ten (3010) days prior to the expiration of such policies, furnish Lessor with evidence of renewals or "insurance binders" evidencing renewal thereof, or Lessor may order such insurance and charge the cost thereof to Lessee, which amount shall be payable by Lessee to Lessor upon demand. If the Insuring either Party shall fail to procure and maintain the insurance required to be carried by the Insuring Party under this Paragraph 8it, and such failure shall continue for five (5) business days after notice thereof, the other Party may, but shall not be required to, procure and maintain the samesame at the expense of the Party that is required to maintain such insurance under this Lease, but at Lessee's expenseand if Lessor or Lessee so procures any insurance required to be procured and maintained by the other, Lessee or Lessor, as applicable, shall reimburse the other for the costs incurred in connection with procuring such insurance within thirty (30) days following demand therefor together with reasonable supporting documentation.

Appears in 1 contract

Samples: Lease Agreement (Oplink Communications Inc)

Insurance Policies. Insurance required hereunder shall be in companies duly licensed to transact business in the state where the Premises are located, and maintaining during the policy term a "General Policyholders Rating" of at least B+B +, V, or such other 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." Lessee shall not do or permit to be done anything which shall invalidate the insurance Insurance policies referred to in this Paragraph 8. If Lessee is the Insuring Party, Lessee shall cause to be delivered to Lessor certified copies of policies of such insurance Insurance or certificates evidencing the existence and amounts of such insurance Insurance with the insureds and loss payable clauses as required by this Lease. No such policy shall be cancellable cancelable or subject to modification except after thirty (30) days prior written notice to Lessor. Lessee shall at least thirty (30) days prior to the expiration of such policies, furnish Lessor with evidence of renewals or "insurance binders" evidencing renewal thereof, or Lessor may order such insurance and charge the cost thereof to Lessee, which amount shall be payable by Lessee to Lessor upon demand. If the Insuring Party shall fail to procure and maintain the insurance required to be carried by the Insuring Party under this Paragraph paragraph 8, the other Party may, but shall not be required to, procure and maintain the same, but at Lessee's expense.

Appears in 1 contract

Samples: Standard Industrial/Commercial Single Tenant Lease Net (Farah Inc)

Insurance Policies. Insurance required hereunder shall be in companies duly licensed to transact business in the state where the Premises are located, and maintaining during the policy term a "General Policyholders Rating" of at least B+, V, or such other 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.," Lessee shall not do or permit to be done anything which shall invalidate the insurance policies referred to in this Paragraph 8. If Lessee is the Insuring Party, Lessee shall cause to be delivered to Lessor certified copies of policies of such insurance or certificates evidencing the existence and amounts of such insurance with the insureds and loss payable clauses as required by this Lease. No such policy shall be cancellable or subject to modification except after thirty (30) days prior written notice to Lessor. Lessee shall at least thirty (30) days prior to the expiration of such policies, furnish Lessor with evidence of renewals or "insurance binders" evidencing renewal thereof, or Lessor may order such insurance and charge the cost thereof to Lessee, which amount shall be payable by Lessee to Lessor upon demand. If the Insuring Party shall fail to procure and maintain the insurance required to be carried by the Insuring Party under this Paragraph 8, the other Party may, but shall not be required to, procure and maintain the same, but at Lessee's expense.

Appears in 1 contract

Samples: Standard Industrial/Commercial Single Tenant Lease Net (Marketing Specialists Corp)

Insurance Policies. Insurance required hereunder herein shall be in issued by companies duly licensed or admitted to transact business in the state where the Premises are locatedMassachusetts, and maintaining during the policy term a "General Policyholders Rating" of at least B+, V, or such other rating as may be required by a Lender having a lien on the PremisesVIII, as set forth in the most current issue of "Best's ’s Insurance Guide." Lessee ”. Landlord and Tenant shall not do or permit to be done anything which shall invalidate invalidates the required insurance policies referred policies. Each party shall, prior to in this Paragraph 8. If Lessee is the Insuring PartyCommencement Date, Lessee shall cause deliver to be delivered to Lessor the other certified copies of policies of such insurance or certificates evidencing the existence and amounts of the required insurance required to be maintained by such insurance with the insureds and loss payable clauses as required by this Leaseparty. No Tenant shall use commercially reasonable efforts to ensure that no such policy shall be cancellable cancelable or subject to modification except after thirty (30) days days’ prior written notice to Lessor. Lessee shall at least Landlord, or, in the event the insurance company is unable or unwilling to provide such notice to Landlord, then except after thirty (30) days days’ prior written notice to Tenant, in which event Tenant shall promptly provide Landlord with written notice enclosing a copy of such notice from the insurance company. Each party shall, immediately following expiration of such policies, furnish Lessor the other party with evidence of renewals or "insurance binders" evidencing renewal thereof. Such policies shall be for a term of at least one year, or Lessor may order such insurance and charge the cost thereof to Lesseelength of the remaining Term of this Lease, which amount shall be payable by Lessee to Lessor upon demandwhichever is less. If the Insuring Party either party shall fail to procure and maintain the insurance required to be carried by the Insuring Party under this Paragraph 8it, the other Party party may, but shall not be required to, procure and maintain the same, but at Lessee's expense. Tenant shall be permitted to satisfy its insurance requirements hereunder through blanket insurance policies.

Appears in 1 contract

Samples: Lease (Gsi Group Inc)

Insurance Policies. Insurance required hereunder per this P. 16. shall be in with companies duly licensed to transact business in the state where the Premises are located, and maintaining during the policy term a "General Policyholders Rating" of at least B+, VA- X, or such other minimal rating as may be required by a Lender having a lien on the Premises, Lender(s) as set forth in the most current issue of "Best's Insurance Guide." Lessee Tenant shall not do or permit to be done anything which shall invalidate the insurance policies referred to in this Paragraph 8P. 16. If Lessee is the Insuring Party, Lessee Tenant shall cause to be delivered to Lessor Landlord certified copies of policies of such insurance or certificates evidencing the existence and amounts of such insurance with the insureds and loss payable clauses as required by this Lease. No such policy shall be cancellable cancelable or subject to modification except after thirty (30) days prior written notice to LessorLandlord. Lessee Tenant shall at least thirty (30) days prior to the expiration of such policies, furnish Lessor Landlord with evidence of renewals or "insurance binders" evidencing renewal thereof, or Lessor Landlord may order such insurance and charge the cost thereof to LesseeTenant, which amount shall be payable by Lessee Tenant to Lessor Landlord upon demand. If the Insuring Party shall fail to procure and maintain the insurance required to be carried by the Insuring Party under this Paragraph 8P. 16., the other Party may, but shall not be required to, procure and maintain the same, but at LesseeTenant's expense.

Appears in 1 contract

Samples: Lease Agreement (Vina Technologies Inc)

Insurance Policies. Insurance If Tenant is the Insuring Party, insurance required hereunder per this ¶16. shall be in with companies duly licensed to transact business in the state where the Premises are located, and maintaining during the policy term a "General Policyholders Rating" of at least B+, VA- X, or such other minimal rating as may be required by a Lender having a lien on the Premises, Lender(s) as set forth in the most current issue of "Best's ’s Insurance Guide." Lessee ” Tenant shall not do or permit to be done anything which shall invalidate the insurance policies referred to in this Paragraph 8¶16. If Lessee Tenant is the Insuring Party, Lessee Tenant shall cause to be delivered to Lessor Landlord certified copies of policies of such insurance or certificates evidencing the existence and amounts of such insurance with the insureds and loss payable clauses as required by this Lease. No such policy shall be cancellable cancelable or subject to modification or lapse except after thirty (30) days prior written notice to LessorLandlord. Lessee Tenant shall at least thirty (30) days prior to the expiration of such policies, furnish Lessor Landlord with evidence of renewals or "insurance binders" evidencing renewal thereof, or Lessor Landlord may order such insurance and charge the cost thereof to LesseeTenant, which amount shall be payable by Lessee Tenant to Lessor Landlord upon demand. If the Insuring Party shall fail to procure and maintain the insurance required to be carried by the Insuring Party under this Paragraph 8¶16., the other Party may, but shall not be required to, procure and maintain the same, but at Lessee's Tenant’s expense.

Appears in 1 contract

Samples: Standard NNN Lease (Pixelworks Inc)

Insurance Policies. Insurance required hereunder All policies of insurance to be provided by Tenant shall be issued by insurance companies, with general policy holder’s rating of not less than A- and a financial rating of not less than Class A as rated in companies duly licensed the most current available “Best’s” Insurance Reports, and qualified to transact do business in the state where the Premises are located, and maintaining during the policy term a "General Policyholders Rating" State of at least B+, V, California or such other rating as may be required by a Lender having a lien on the Premises, as set forth Lender. Such policies shall be issued in the most current issue names of "Best's Insurance Guide." Lessee Landlord and Tenant and, if requested by Landlord, any mortgagee. The policies provided by Tenant shall be for the mutual and joint benefit and protection of Landlord, Tenant and any mortgagee. Tenant shall not do or permit to be done anything which shall invalidate invalidates the required insurance policies referred policies. Tenant shall, prior to in this Paragraph 8. If Lessee is the Insuring PartyCommencement Date, Lessee shall cause deliver to be delivered to Lessor Landlord certified copies of policies of such insurance or certificates with copies of the required endorsements evidencing the existence and amounts of such insurance with the insureds and loss payable clauses as required by this Leaseinsurance. No such policy shall be cancellable cancelable or subject to modification except after thirty ten (3010) days prior written notice to LessorLandlord. Lessee shall at least thirty (30) days Tenant shall, prior to the expiration of such policies, furnish Lessor Landlord with evidence of renewals or "insurance binders" evidencing renewal thereof, or Lessor Landlord may order such insurance and charge the cost thereof to LesseeTenant, which amount shall be payable by Lessee Tenant to Lessor Landlord upon demand. Such policies shall be for a term of at least one year, or the length of the remaining term of this Lease, whichever is less. If the Insuring either Party shall fail to procure and maintain the insurance required to be carried by the Insuring Party under this Paragraph 8it, the other Party may, but shall not be required to, procure and maintain the same, but at Lessee's expense.

Appears in 1 contract

Samples: Triple Net Industrial Lease (Iris International Inc)

Insurance Policies. Insurance required hereunder herein shall be in by companies duly licensed or admitted to transact business in the state where the Premises are located, and maintaining during the policy term a "General Policyholders Rating" of at least B+, V, or such other 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." ", or such other rating as may be required by a Lender. Lessee shall not do or permit to be done anything which shall invalidate invalidates the required insurance policies referred policies. Lessee shall, prior to in this Paragraph 8. If Lessee is the Insuring PartyStart Date, Lessee shall cause to be delivered deliver to Lessor certified copies of policies of such insurance or certificates evidencing the existence and amounts of such insurance with the insureds and loss payable clauses as required by this Leaseinsurance. No such policy shall be cancellable cancelable or subject to modification except after thirty (30) days prior written notice to Lessor. Lessee shall shall, at least thirty (30) days prior to the expiration of such policies, furnish Lessor with evidence of renewals or "insurance binders" evidencing renewal thereof, or Lessor may order such insurance and charge the cost thereof to Lessee, which amount shall be payable by Lessee to Lessor upon demand. Such policies shall be for a term of at least one year, or the length of the remaining term of this Lease, whichever is less. If the Insuring Party Lessee shall fail to procure and maintain the insurance required to be carried by the Insuring Party under this Paragraph 8it, the other Party Lessor may, but shall not be required to, procure and maintain the same, but at Lessee's expense.

Appears in 1 contract

Samples: Standard Industrial/Commercial Single Tenant Lease Net (Troy Group Inc)

Insurance Policies. Insurance required hereunder shall be in companies duly licensed to transact business in the state where the Premises are located, and maintaining during the policy term a "General Policyholders Rating" of at least B+, Van A, or such other rating as may be reasonably required by a Lender having a lien on the Premises, as set forth in the most current issue issues of "Best's Insurance Guide." Lessee shall not do or permit to be done anything which shall invalidate the insurance Insurance policies referred to in this Paragraph 8. If Lessee lessee is the Insuring Party, Lessee shall cause to be delivered to Lessor certified copies of policies of such insurance or certificates evidencing the existence and amounts of such insurance with the insureds insured and loss payable clauses as required by this Lease. No such policy shall be cancellable cancelable or subject to modification except after thirty (30) days prior written notice to Lessor. Lessee shall shall, at least thirty (30) days prior to the expiration of such policies, furnish Lessor with evidence of renewals or "insurance binders" ' evidencing renewal thereof, or Lessor may order such insurance and charge the cost thereof to Lessee, which amount shall be payable by Lessee to Lessor upon demand. If the Insuring Party shall fail to procure and maintain the insurance required to be carried by the Insuring Party under this Paragraph 8, the other Party party may, but shall not be required to, procure and maintain the same, but at Lessee's expense.

Appears in 1 contract

Samples: Standard Industrial Lease (Titan Corp)

Insurance Policies. Insurance required hereunder herein shall be in by companies duly licensed or admitted to transact business in the state where the Premises are located, and maintaining during the policy term a "General Policyholders Rating" of at least B+, V, or such other rating as may be required by a Lender having a lien on the Premises, V. as set forth in the most current issue of "Best's Insurance Guide." ", or such other rating as may be required by a Lender. Lessee shall not do or permit to be done anything which shall invalidate invalidates the required insurance policies referred policies. Lessee shall, prior to in this Paragraph 8. If Lessee is the Insuring PartyStart Date, Lessee shall cause to be delivered deliver to Lessor certified copies of policies of such insurance or certificates evidencing the existence and amounts of such insurance with the insureds and loss payable clauses as required by this Leaseinsurance. No such policy shall be cancellable cancelable or subject to modification except after thirty (30) days prior written notice to Lessor. Lessee shall shall, at least thirty (30) days prior to the expiration of such policies, furnish Lessor with evidence of renewals or "insurance binders" evidencing renewal thereof, or Lessor may order such insurance and charge the cost thereof to Lessee, which amount shall be payable by Lessee to Lessor upon demand. Such policies shall be for a term of at least one-year, or the length of the remaining term of this Lease, which amount shall be payable by Lessee to Lessor upon demand. Such policies shall be for a term of at least one year, or the length of the remaining term of this Lease, which ever is less. If the Insuring either Party shall fail to procure and maintain the insurance required to be carried by the Insuring Party under this Paragraph 8it, the other Party may, but shall not be required to, procure and maintain the same, but at Lessee's expense.

Appears in 1 contract

Samples: Lease Agreement (Lifepoint Inc)

Insurance Policies. Insurance required hereunder herein shall be in by companies duly licensed or admitted to transact business in the state where the Premises are located, and maintaining during the policy term a "General Policyholders Rating" of at least B+A-, V, or such other rating as may be required by a Lender having a lien on the PremisesVII, as set forth in the most current issue of "Best's ’s Insurance Guide." Lessee ”, or such other rating as may be reasonably required by a Lender. Tenant shall not do or permit to be done anything which shall invalidate that invalidates the required insurance policies referred policies. Tenant shall, prior to in this Paragraph 8. If Lessee is the Insuring PartyCommencement Date, Lessee shall cause deliver to be delivered to Lessor Landlord certified copies of policies of such insurance or endorsements or certificates of insurance evidencing the existence and amounts of such insurance with the insureds and loss payable clauses as required by this Leaseinsurance. No such policy shall be cancellable cancelable or subject to modification except after thirty (30) days prior written notice to LessorLandlord. Lessee shall Tenant shall, at least thirty fifteen (3015) days prior to the expiration of such policies, furnish Lessor Landlord with evidence satisfactory to Landlord of renewals or "insurance binders" evidencing renewal thereof, or Lessor Landlord may order such insurance and charge the cost thereof to LesseeTenant, which amount shall be payable by Lessee Tenant to Lessor Landlord upon demand. Such policies shall be for a term of at least one (1) year, or the length of the remaining term of this Lease, whichever is less. If the Insuring Party Tenant shall fail to procure and maintain the insurance required to be carried by the Insuring Party under this Paragraph 8it, the other Party Landlord may, but shall not be required to, procure and maintain the samesame at Tenant’s expense, but at Lessee's expensefor which Tenant shall promptly reimburse Landlord together with Interest thereon from the date paid by Landlord. Tenant shall pay all premiums for the insurance required by this Section 8 as they become due.

Appears in 1 contract

Samples: Commercial Lease Agreement (ImmunityBio, Inc.)

Insurance Policies. Insurance required hereunder shall be in companies duly licensed to transact business in the state where the Premises are located, and maintaining during the policy term a "General Policyholders Rating" of at least B+, V, or such other 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." Lessee shall not do or permit to be done anything which shall invalidate the insurance policies referred to in this Paragraph 8. If Lessee is the Insuring Party, Lessee shall cause to be delivered to Lessor certified copies of policies of such insurance or certificates evidencing the existence and amounts of such insurance with the insureds and loss payable clauses as required by this Lease. No such policy shall be cancellable or subject to modification except after thirty (30) days prior written notice to Lessor. Lessee shall at least thirty (30) days prior to the expiration of such policies, furnish Lessor with evidence of renewals or "insurance binders" evidencing renewal thereof, or Lessor may order such insurance and charge the cost thereof to Lessee, which amount shall be payable by Lessee to Lessor upon demand. If the Insuring Party shall fail to procure and maintain the insurance required to be carried by the Insuring Party under this the Paragraph 8, the other Party may, but shall not be required to, procure and maintain the same, but at LesseeXxxxxx's expense.

Appears in 1 contract

Samples: Lease Agreement (BGF Industries Inc)

Insurance Policies. Insurance required hereunder shall be in companies duly licensed to transact business in the state where the Premises are located, and maintaining during the policy term a "General Policyholders Rating" of at least B+, V, or such other rating as may be required by a Lender having a lien on the Premises, as set forth in In the most current issue Issue of "Best's ’s Insurance Guide." Lessee shall not do or permit to be done anything which shall invalidate Invalidate the insurance Insurance policies referred to in In this Paragraph 8. If Lessee is Losses Is the Insuring Party, Lessee Losses shall cause to be delivered to Lessor certified copies of policies of such insurance Insurance or certificates evidencing the existence and amounts of such insurance Insurance with the insureds and loss payable clauses as required by this Lease. No such policy shall be cancellable cancelable or subject to modification except after thirty (30) days prior written notice to Lessor. Lessee shall at least thirty (30) days prior to the expiration of such policies, furnish Lessor with evidence of renewals or "insurance ‘Insurance binders" evidencing renewal thereof, or Lessor may order such insurance Insurance and charge the cost thereof to Lessee, which amount shall be payable by Lessee to Lessor upon demand. If the Insuring Party shall fail to procure and maintain the insurance required to be carried by the Insuring Party under this Paragraph 8, the other Party may, but shall not be required to, procure and maintain the same, but at Lessee's ’s expense.

Appears in 1 contract

Samples: Standard Industrial/Commercial Tenant Lease (Invivo Corp)

Insurance Policies. Insurance required hereunder shall be in companies duly licensed to transact business in the state where the Premises are located, and maintaining during the policy term a "General Policyholders Rating" of at least B+B +, V, or such other 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." Lessee shall not do or permit to be done anything which shall invalidate the insurance policies referred to in this Paragraph 8. If Lessee is the Insuring Party, Lessee shall cause to be delivered to Lessor certified copies of policies of such insurance or certificates evidencing the existence and amounts of such insurance with the insureds and loss payable clauses as required by this Lease. No such policy shall be cancellable or subject to modification except after thirty (30) days prior written notice to Lessor. Lessee shall at least thirty (30) days prior to the expiration of such policies, furnish Lessor with evidence of renewals or "insurance binders" evidencing renewal thereof, or Lessor may order such insurance and charge the cost thereof to Lessee, which amount shall be payable by Lessee to Lessor upon demand. If the Insuring Party shall fail to procure and maintain the insurance required to be carried by the Insuring Party under this Paragraph 8, the other Party may, but shall not be required to, procure and maintain the same, but at Lessee's expense.

Appears in 1 contract

Samples: Standard Industrial/Commercial Single Tenant Lease (Tomahawk Corp)

Insurance Policies. Insurance required hereunder shall be in companies duly licensed to transact business in the state where the Premises are located, and maintaining during the policy term a "General Policyholders Rating" of at least B+, VB+.V., or such other 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." Lessee shall not do or permit to be done anything which shall invalidate the insurance policies referred to in this Paragraph 8. If Lessee is the Insuring Party, Lessee shall cause to be delivered to Lessor certified copies of policies of such insurance or certificates evidencing the existence and amounts of such insurance with the insureds and loss payable clauses as required by this Lease. No such policy shall be cancellable cancelable or subject to modification except after thirty (30) days prior written notice to Lessor. Lessee shall at least thirty (30) days prior to the expiration of such policies, furnish Lessor with evidence of renewals or "insurance binders" evidencing renewal thereof, or Lessor may order such insurance and charge the cost thereof to Lessee, which amount shall be payable by Lessee to Lessor upon demand. If the Insuring Party shall fail to procure and maintain the insurance required to be carried by the Insuring Party under this Paragraph 8, the other Party may, but shall not be required to, procure and maintain the same, but at Lessee's expense.

Appears in 1 contract

Samples: Standard Industrial/Commercial Single Tenant Lease (Interactive Flight Technologies Inc)

Insurance Policies. Insurance required hereunder shall be in companies duly licensed to transact business in the state where the Premises are located, and maintaining during the policy term a "General Policyholders Rating" of at least B+, BI,V, or such other 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." Lessee shall not do or permit to be done anything which shall invalidate the insurance policies referred to in this Paragraph 8. If Lessee is the Insuring Party, Lessee shall cause to be delivered to Lessor certified copies of policies of such insurance or certificates evidencing the existence and amounts of such insurance with the insureds insured and loss payable clauses as required by this Lease. No such policy shall be cancellable cancelable or subject to modification except after thirty (30) days prior written notice to Lessor. Lessee shall at least thirty (30) days prior to the expiration of such policies, furnish Lessor with evidence of renewals or "insurance binders" evidencing renewal thereof, or Lessor may order such insurance and charge the cost thereof to Lessee, which amount shall be payable by Lessee to Lessor upon demand. If the Insuring Party shall fail to procure and maintain the insurance required to be carried by the Insuring Party under this Paragraph 8, the other Party may, but shall not be required to, procure and maintain the same, but at Lessee's expense.

Appears in 1 contract

Samples: Commercial Single Tenant Lease (Cryenco Sciences Inc)

Insurance Policies. Insurance required hereunder herein shall be in provided by companies duly licensed or admitted to transact business in the state where the Premises are located, and maintaining during the policy term a "General Policyholders Rating" of [***] The asterisks denote that confidential portions of this exhibit have been omitted in reliance on Rule 24b-2 of the Securities Exchange Act of 1934. The confidential portions have been submitted separately to the Securities and Exchange Commission. at least B+A, VX, or such other equivalent 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 ’s Insurance Guide." Lessee ”. Neither party shall not do or permit to be done anything which shall invalidate invalidates the required insurance policies referred policies. Each party shall, prior to in this Paragraph 8. If Lessee is the Insuring Partyearlier of the Commencement Date, Lessee shall cause deliver to be delivered to Lessor the other certified copies of policies of such insurance or certificates evidencing the existence and amounts of such the required insurance. Lessee shall name Lessor and its lender(s), as the case may be, as additional insureds as to the insurance with the insureds and loss payable clauses as required to be maintained by this LeaseLessee under Paragraph 8.2 (a). No such policy Each party shall be cancellable or subject to modification except after receive, at least thirty (30) days prior written notice to Lessor. Lessee shall at least thirty (30) days prior to the expiration of any material change, cancellation or nonrenewal of such policies, . Each party shall furnish Lessor the other party with evidence of renewals or "insurance binders" evidencing renewal thereof, or Lessor may order such insurance and charge the cost thereof to Lessee, which amount shall be payable by Lessee to Lessor upon demanddemand (or Lessee may order such policy and pay the premium directly to the insurer. Such policies shall be for a term of at least one year, or the length of the remaining Term of this Lease, whichever is less. If the Insuring either Party shall fail to procure and maintain the insurance required to be carried by the Insuring Party under this Paragraph 8it, the other Party may, but shall not be required to, procure and maintain the same, but at Lessee's expense.

Appears in 1 contract

Samples: Lease Agreement (SAVVIS, Inc.)

Insurance Policies. Insurance required hereunder of Lessee herein shall be in by companies duly licensed or admitted to transact business in the state where the Premises are located, and maintaining during the policy term a "General Policyholders Rating" of at least B+A,XIIB+, V, as set forth in the most current issue of “Best’s Insurance Guide” (provided, however, that the first $1,000,000 of Lessee’s Commercial General Liability Coverage may be by a company with a rating of at least A-X), or such other 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." Lender. Lessee shall not do or permit to be done anything which shall invalidate invalidates the required insurance policies referred policies. Lessee shall, prior to in this Paragraph 8. If Lessee is the Insuring PartyStartCommencement Date, Lessee shall cause to be delivered deliver to Lessor certified copies of policies of such insurance or certificates evidencing the existence and amounts of such insurance with the insureds and loss payable clauses as required by this Leaseinsurance. No such policy shall be cancellable cancelable or subject to modification except after thirty (30) 30 days prior written notice to Lessor. Lessee shall shall, at least thirty (30) 30 days prior to the expiration of such policies, furnish Lessor with evidence of renewals or "insurance binders" evidencing renewal thereof, or Lessor may order such insurance and charge the cost thereof to Lessee, which amount shall be payable by Lessee to Lessor upon demand. Such policies shall be for a term of at least one year, or the length of the remaining term of this Lease, whichever is less. If the Insuring either Party shall fail to procure and maintain the insurance required to be carried by the Insuring Party under this Paragraph 8it, the other Party may, but shall not be required to, procure and maintain the same, but at Lessee's expense. All such insurance certificates and binders shall be subject to the prior approval of Lessor to confirm compliance with the requirements of this Paragraph 8.

Appears in 1 contract

Samples: Standard Industrial/Commercial Single Tenant Lease (Virco MFG Corporation)

Insurance Policies. Insurance required hereunder shall be in companies duly licensed to transact business in the state where the Premises are located, and maintaining during the policy term holding a "General Policyholders Rating" of at least B+, V, A or such other rating as may be required by a Lender having a lien on the Premises, better as set forth in the most current issue of "Best's ’s Insurance Guide." Lessee ”. The insuring party shall deliver to the other party copies of policies of such insurance or certificates evidencing the existence and amounts of such insurance with loss payable clauses satisfactory to Landlord. No such policy shall be cancelable or subject to reduction of coverage or other modifications except after ten (10) days prior written notice to Landlord. If Tenant is the insuring party, Tenant shall, within ten (10) days prior to the expiration of such policies, furnish Landlord with renewals or “binders” thereof, or Landlord may order such insurance and charge the cost thereof to Tenant, which amount shall be payable by Tenant upon demand. Tenant shall not do or permit to be done anything which shall invalidate the insurance policies referred to in this Paragraph 8Section 8.3. If Lessee Tenant does or permits to be done anything which shall increase the cost of the insurance policies referred to in Section 8.3, then Tenant shall forthwith upon Landlord’s demand reimburse Landlord for any additional premiums attributable to any act or omission or operation of Tenant causing such increase in the cost of insurance. If Landlord is the Insuring Partyinsuring party and if the insurance policies maintained hereunder cover other improvements in addition to the Premises, Lessee Landlord shall cause deliver to be delivered to Lessor certified copies Tenant a written statement setting forth the amount of policies of any such insurance or certificates evidencing cost increase and showing in reasonable detail the existence and amounts of such insurance with the insureds and loss payable clauses as required by this Lease. No such policy shall be cancellable or subject to modification except after thirty (30) days prior written notice to Lessor. Lessee shall at least thirty (30) days prior to the expiration of such policies, furnish Lessor with evidence of renewals or "insurance binders" evidencing renewal thereof, or Lessor may order such insurance and charge the cost thereof to Lessee, manner in which amount shall be payable by Lessee to Lessor upon demand. If the Insuring Party shall fail to procure and maintain the insurance required to be carried by the Insuring Party under this Paragraph 8, the other Party may, but shall not be required to, procure and maintain the same, but at Lessee's expenseit has been computed.

Appears in 1 contract

Samples: Lease Agreement (Emulex Corp /De/)

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