Insurance Risk Sample Clauses

Insurance Risk. All buildings and equipment comprising the Dwelling and the Real Property shall be and remain at the risk of the Vendor until Closing and pending completion of the sale, the Vendor will hold all insurance policies and the proceeds thereof for the Vendor’s benefit alone. In the event of damage to the Dwelling, the Vendor may either in its sole discretion (a) repair the damage, finish the Dwelling and complete the sale and, if necessary, delay the Closing Date in the manner permitted in the Addendum; or (b) terminate this Agreement and return to the Purchaser all deposit monies paid by the Purchaser to the Vendor payable under law if the damage to the Dwelling has frustrated this Agreement at law.

Insurance Risk. Without Landlord’s consent, Tenant shall not use the Premises in any way which could increase insurance rates, or disallow any sprinkler or other credits, or invalidate any policy of insurance with respect to the Premises or Building or Tenant’s operations therein.

Insurance Risk. The District shall maintain first party property insurance for the Facilities. The Charter School shall not do or permit anything to be done in or about the Facilities nor bring or keep anything therein which will in any way increase the existing insurance rate or affect any fire or other insurance upon the Facilities, or any of the contents of the Facilities (unless the District gives its prior approval and the Charter School pays any increased premium as a result of such use or acts), or cause a cancellation of any insurance policy covering the Facilities or any part thereof or any of its contents, nor shall the Charter School sell or permit to be kept, used, or sold in or about the Facilities any articles which may be prohibited by a standard form policy of fire insurance. The Charter School shall provide adequate and appropriate supervision for Charter School students and employees using the Facilities.

Insurance Risk. The Tenant shall not do, omit to do, or permit to be done or omitted to be done upon the Premises anything that may contravene or be prohibited by any of the Landlord’s insurance policies in force from time to time covering or relevant to any part of the Development or which would prevent the Landlord from procuring such policies with companies acceptable to the Landlord. If the occupancy of the Premises, the conduct of business in the Premises or any acts or omissions of the Tenant in the Premises or any other portion of the Development causes or results in any increase in premiums for any of the Landlord’s insurance policies, the Tenant shall pay any such increase, as Additional Rent upon receipt of an invoice of the Landlord for such additional premiums. The Landlord warrants that normal use of the Premises for the purposes permitted by this Lease does not and shall not contravene or be prohibited by any of the Landlord’s insurance policies covering or relevant to any part of the Development, nor does or shall such normal use cause any increase in premiums for any such insurance.

Insurance Risk. (a) you must take out and maintain insurance with a reputable insurer in respect of the following: (i) public liability insurance in an amount of at least $10 million for any single event; (ii) any other insurance for an amount and on terms reasonably required by us. (b) you must: (i) if requested by us, give to us a copy of the insurance policy and/or a certificate of currency issued by the insurer for any policy referred to in clause 3.8(a) within 14 days of receipt of such request; (ii) not do or allow anything to be done on the Site which may increase the premium payable for any insurance concerning the Site; (iii) not do or allow anything to be done which prejudices any insurance concerning the Site; and (iv) not without our prior written consent, vary, cancel or allow to lapse any insurance referred to in clause 3.8(a). (c) you acknowledge and agree that: (i) you and your servants, agents and invitees enter the Land and Building, and access the Site at your own risk; (ii) the Co-located Equipment remains at your risk at all times; and (iii) you are responsible for insuring the Co-located Equipment.

Insurance Risk. The landlord shall acquire fire and explosion insurance for the building. Furthermore, the landlord shall carry insurance for liability claims on the part of a third party (property owner's liability insurance). More extensive insurance shall be the responsibility of the tenant. In particular, the tenant shall bear the risk of damage or loss of his property for any reasons (e.g., fire damage, explosion damage and water damage, theft, burglary, etc.

Insurance Risk. Tenant agrees not to use the Leased Premises in any manner, even in its use for the purposes for which the Leased Premises are leased, that will increase risks covered by insurance on the Building so as to increase the rate of insurance on the Leased Premises, or to cause cancellation of any insurance policy covering the Building. Tenant further agrees not to keep on the Leased Premises, or permit to be kept, used or sold thereon, anything prohibited by the policy of fire insurance covering the Leased Premises. Tenant agrees to comply with all requirements of the insurers applicable to the Leased Premises necessary to keep in force the fire, extended coverage and public liability insurance covering the Leased Premises and the Building, at its own expense and at no cost to Landlord.

Insurance Risk. Tenant shall not keep gasoline or other inflammable material or any other explosive in the building or use the Demised Premises in any manner which will increase the rate of fire insurance on the building beyond the ordinary risk established for the type of business hereinabove provided to be conducted therein, and any such increase in the insurance rate shall be borne by Tenant. Tenant shall not do any act or thing upon the Demised Premises or in or about the building which may make void or voidable any insurance on the same premises or buildings, and the Tenant expressly agrees to conform to all rules and regulations from time to time established by the Maryland Insurance Rating Bureau.

Insurance Risk. The Charter School shall not do or permit anything to be done in or about the Facilities nor bring or keep anything therein which will in any way increase the existing insurance rate or affect any fire or other insurance upon the Facilities or any of their contents (unless the District gives its prior approval and the Charter School pays any increased premium as a result of such use or acts), or cause a cancellation of any insurance policy covering said Facilities or any part thereof or any of its contents, nor shall the Charter School sell or permit to be kept, used, or sold in or about the Facilities any articles which may be prohibited by a standard form policy of fire insurance.

Insurance Risk. 6.1 All risk with respect to the Property shall lie with the Vendor until closing and shall thereafter pass to the Purchaser. The Vendor warrants that the Property shall remain insured of against all usual perils including fire, theft and flood. In the event that damage to the Property occurs after execution of this agreement but prior to completion, the Purchaser shall be entitled at their sole option either: (i) To insist upon repair of the damage concerned prior to closing and, if necessary, the Closing Date shall be ex- tended so as to allow the repair of the damage to be completed by the Vendor; or (ii) To proceed to completion without repair in which instance the Purchase Price shall be reduced by a sum equiva- lent to the Cost of Repairs; or (iii) To proceed to completion at the full Purchase Price contemplated hereby but with an assignment of the Vendor’s rights under the said insurance policy to the Purchaser; PROVIDED ALWAYS that such an assignment is permissi- ble under the terms of the said policy and is approved in writing by the insurer; or (iv) In the event the Cost of Repairs exceeds ten percent of the Purchase Price, to terminate this Agreement in which case the Deposit shall be repaid to the Purchaser with all interest accrued thereon without delay.