Insurance-Tenant. (a) Tenant shall obtain and keep in force during the term of this Lease a commercial general liability policy of insurance with coverages reasonably acceptable to Landlord, which, by way of example and not limitation, protect Tenant and Landlord, any lender of Landlord and such other persons as Landlord may reasonably request as additional insureds, against claims for bodily injury, personal injury and property damage based upon, involving or arising out of the ownership, use, occupancy or maintenance of the Premises and all areas appurtenant thereto. Such insurance shall be on an occurrence basis providing single limit coverage in an amount not less than $2,000,000 per occurrence with an “Additional Insured-Managers and Landlords of Premises Endorsement” and contain the “Amendment of the Pollution Exclusion” for damage caused by heat, smoke or fumes from a hostile fire. The policy shall not contain any intra-insured exclusions as between insured persons or organizations, but shall include coverage for liability assumed under this Lease as an “insured contract” and for the performance of Tenant’s indemnity obligations under this Lease, as the same may be amended or modified from time to time. (b) Tenant shall obtain and keep in force during the term of this Lease all-risk extended coverage (i.e., so-called “special form”) property insurance with coverages acceptable to Landlord, in Landlord’s sole discretion. Said insurance shall be written on a one hundred percent (100%) replacement cost basis on Tenant’s personal property, all tenant improvements installed at the Premises by Landlord or Tenant, Tenant’s trade fixtures and other property. Such policies shall provide protection against any peril included within the classification “fire and extended coverage,” or “special form coverage” against vandalism and malicious mischief, theft, sprinkler leakage, earthquake damage and flood damage. If this Lease is terminated as the result of a casualty in accordance with Section 9, the proceeds of said insurance attributable to the replacement of all tenant improvements made by or on behalf of Tenant at the Premises shall be paid to Landlord. (c) Tenant shall, at all times during the term hereof, maintain in effect workers’ compensation insurance as required by applicable law and business interruption and extra expense insurance satisfactory to Landlord. (d) From time to time, upon not less than thirty (30) days prior written notice to Tenant, Landlord may require Tenant to carry such additional insurance or higher coverage amounts as landlords of comparable buildings in the geographical area of the Property are requiring of their tenants.
Appears in 2 contracts
Samples: Lease Agreement (NameMedia, Inc.), Lease Agreement (NameMedia, Inc.)
Insurance-Tenant. (a) Tenant shall obtain and keep in force during the term of this Lease a commercial general liability policy of insurance with coverages reasonably acceptable to Landlord, in Landlord’s reasonable discretion, which, by way of example and not limitation, protect protects Tenant and Landlord, any lender of Landlord and such other persons (as Landlord may reasonably request as an additional insureds, insured) against claims for bodily injury, personal injury and property damage based upon, involving or arising out of the ownership, use, occupancy or maintenance of the Premises and all areas appurtenant thereto. Such insurance shall be on an occurrence basis providing single limit coverage in an amount not less than $2,000,000 1,000,000 per occurrence with an “Additional Insured-Managers and Landlords of Premises Endorsement” and contain not less than $2,000,000 in the “Amendment of the Pollution Exclusion” for damage caused by heat, smoke or fumes from a hostile fire. The policy shall not contain any intra-insured exclusions as between insured persons or organizations, but shall include coverage for liability assumed under this Lease as an “insured contract” and for the performance of Tenant’s indemnity obligations under this Lease, as the same may be amended or modified from time to timeaggregate.
(b) Tenant shall obtain and keep in force during the term of this Lease all-risk “Causes of Loss – Special Form” extended coverage (i.e., so-called “special form”) property insurance (previously known as “all risk” property insurance) with coverages acceptable to Landlord, in Landlord’s sole reasonable discretion. Said insurance shall be written on a one hundred percent (100%) replacement cost basis on Tenant’s personal property, all tenant improvements installed at the Premises by Landlord or Tenant, Tenant’s trade fixtures and other property. Such By way of example, and not limitation, such policies shall provide protection against any peril included within the classification “fire and extended coverage,” or “special form coverage” against vandalism and malicious mischief, theft, theft and sprinkler leakage. To the extent that Tenant’s policy covers tenant improvements to the Premises, earthquake damage and flood damageLandlord shall be a loss payee on such policy. If this Lease insurance proceeds are available to repair the tenant improvements, at Landlord’s option, all insurance proceeds Tenant is terminated as entitled to receive to repair the result of a casualty in accordance with Section 9, the proceeds of said insurance attributable to the replacement of all tenant improvements made by or on behalf of Tenant at the Premises shall be paid by the insurance company directly to Landlord, Landlord shall select the contractor to repair and/or replace the tenant improvements, and Landlord shall cause the tenant improvements to be repaired and/or replaced to the extent insurance proceeds are available.
(c) Tenant shall, at all times during the term hereof, maintain in effect the following insurance with coverages reasonably acceptable to Landlord: (i) workers’ compensation insurance as required by applicable law law, (ii) employers liability insurance, and (iii) business interruption and extra expense insurance satisfactory to Landlordinsurance.
(d) From time to time, upon not less than thirty (30) days prior written notice to Tenant, Landlord may require Tenant to carry such additional insurance or higher coverage amounts as landlords of comparable buildings in the geographical area of the Property are requiring of their tenants.
Appears in 2 contracts
Samples: Standard NNN Lease (Vaxcyte, Inc.), Standard NNN Lease (SutroVax, Inc.)
Insurance-Tenant. (a) During the Term of the Lease and at such other times as Tenant occupies the Premises, Tenant shall obtain and keep in force during at its expense "comprehensive general liability" insurance including an ISO broad form endorsement or its equivalent with respect to the term Premises with limits of this Lease a commercial general liability policy of insurance with coverages reasonably acceptable to Landlord, which, by way of example and not limitation, protect Tenant and Landlord, any lender of Landlord and less than One Million Dollars ($1,000,000) combined single limit or such other persons higher amount as Landlord may reasonably request as additional insureds, against claims for bodily injury, personal injury and property damage based upon, involving or arising out of the ownership, use, occupancy or maintenance of the Premises and all areas appurtenant thereto. Such insurance shall be on an occurrence basis providing single limit coverage require in an amount not less than $2,000,000 per occurrence with an “Additional Insured-Managers and Landlords of Premises Endorsement” and contain the “Amendment of the Pollution Exclusion” for damage caused by heat, smoke or fumes from a hostile fire. The policy shall not contain any intra-insured exclusions as between insured persons or organizations, but shall include coverage for liability assumed under this Lease as an “insured contract” and for the performance of Tenant’s indemnity obligations under this Lease, as the same may be amended or modified writing from time to time. The insurance shall cover liability arising out of Tenant's operations and liability arising out of work performed at the Premises by other persons on behalf of Tenant, and shall specifically include the contractual liability assumed by Tenant under this Lease. Such coverage, if written on a claims-made basis, must provide for a retroactive date which is prior to the date Tenant occupies the Premises, and the same retroactive date shall continue during the entire Term of this Lease.
(b) Tenant shall obtain and keep in force during the term of this Lease all-risk will also maintain "all risk" extended coverage (i.e., so-called “special form”) property insurance with coverages acceptable to Landlord, in Landlord’s sole discretion. Said insurance shall be written on a one hundred percent (100%) replacement cost basis on Tenant’s 's personal property, all tenant improvements installed at the Premises and paid for by Landlord or Tenant, Tenant’s 's trade fixtures and other property. Such policies shall provide protection against any peril included within the classification “"fire and extended coverage,” or “special form coverage” " against vandalism and malicious mischief, theft, sprinkler leakage, earthquake damage leakage and flood damage. If this Lease is terminated as the result of a casualty in accordance with Section 910, the proceeds of said insurance attributable to the replacement of all tenant improvements made by or on behalf of Tenant at the Premises shall be paid to Landlord.
(c) Tenant shall, at all times during the term Term hereof, maintain in effect workers’ ' compensation insurance as required by applicable law and business interruption and extra expense insurance satisfactory to Landlord.
(d) From time to time, upon not less than thirty (30) days prior written notice to Tenant, Landlord may require Tenant to carry such additional insurance or higher coverage amounts as landlords of comparable buildings in the geographical area of the Property are requiring of their tenants.
Appears in 1 contract
Samples: Standard Office Lease (Pdi Inc)
Insurance-Tenant. (a) Tenant shall obtain and keep in force during the term Term of this Lease a commercial general liability policy of insurance with coverages reasonably acceptable to Landlord, which, by way of example and not limitation, protect protecting Tenant as named insured and Landlord, any lender of the Master Landlord and such other persons as Landlord may reasonably request Landlord’s mortgagee as additional insureds, against claims for bodily injury, personal injury and property damage based upon, involving or arising out of the ownership, use, occupancy or maintenance of occurring inside the Premises and all areas appurtenant theretoany use of the roof by Tenant as provided in Section 4.3 of this Lease. Such insurance shall be on an occurrence basis providing single single-limit coverage in an amount not less than $2,000,000 per occurrence with an “Additional Insured-Managers occurrence. Landlord shall have the right not more than one time every 12 months to adjust the amount of insurance coverage required pursuant to this paragraph, provided that such adjustments are commercially reasonable and Landlords similar to the coverage required for like properties in the City of Premises Endorsement” and Pittsburgh. Such liability insurance shall contain the “Amendment of the Pollution Exclusion” for damage caused by heat, smoke or fumes from a hostile fire. The policy shall not contain any intra-insured exclusions as between insured persons or organizations, but shall include coverage for liability assumed under this Lease as an “insured contract” and for the performance of contractual endorsement covering Tenant’s indemnity indemnification obligations under this Lease, as the same may be amended or modified from time to time.
(b) Tenant shall obtain and keep in force during the term Term of this Lease “all-risk risk” extended coverage (i.e., so-called “special form”) property insurance with coverages acceptable to Landlord, in Landlord’s sole reasonable discretion. Said insurance shall be written on a one hundred percent (100%) % replacement cost basis on Tenant’s personal property, all tenant leasehold improvements (outside of structural items, Building systems, Building equipment, and Building core) installed at the Premises by Landlord or Tenant, Tenant’s trade fixtures and other property. Such By way of example, and not limitation, such policies shall provide protection against any peril included within the classification “fire and extended coverage,” or “special form coverage” against vandalism and malicious mischief, mischief and theft, sprinkler leakage, earthquake damage and flood damage. If this Lease is terminated as the result of a casualty in accordance with Section 9, the proceeds of said insurance attributable to the replacement of all tenant improvements made by or on behalf of Tenant at the Premises shall be paid to Landlord.
(c) Tenant shall, at all times during the term Term hereof, maintain in effect workers’ compensation insurance as required by applicable law and business interruption and extra expense insurance satisfactory to Landlordlaw.
(d) From time to time, upon not less than thirty (30) days prior written notice to Tenant, Landlord may require Tenant to carry such additional insurance or higher coverage amounts as landlords of comparable buildings in the geographical area of the Property are requiring of their tenants.
Appears in 1 contract
Samples: Lease Agreement (Del Monte Foods Co)
Insurance-Tenant. (a) Tenant shall obtain and keep in force during the term of this Lease a commercial general liability policy of insurance with coverages reasonably acceptable to Landlord, which, by way of example and not limitation, protect protects Tenant and Landlord, any lender of Landlord and such other persons (as Landlord may reasonably request as an additional insureds, insured) against claims for bodily injury, personal injury and property damage based upon, involving or arising out of the ownership, use, occupancy or maintenance of the Premises and all areas appurtenant thereto. Such insurance shall be on an occurrence basis providing single limit coverage in an amount not less than $2,000,000 per occurrence with an “"Additional Insured-Managers and Landlords of Premises Endorsement” " and contain the “"Amendment of the Pollution Exclusion” " for damage caused by heat, smoke or fumes from a hostile fire. The policy shall not contain any intra-insured exclusions as between insured persons or organizations, but shall include coverage for liability assumed under this Lease as an “"insured contract” and " for the performance of Tenant’s 's indemnity obligations under this Lease, as the same may be amended or modified from time to time.
(b) Tenant shall obtain and keep in force during the term of this Lease all-risk extended coverage (i.e., so-called “special form”) property insurance with coverages reasonably acceptable to Landlord, in Landlord’s sole discretion. Said insurance shall be written on a one hundred percent (100%) replacement cost basis on Tenant’s 's personal property, all tenant improvements installed at the Premises by Landlord or Tenant, Tenant’s 's trade fixtures and other property. Such policies shall provide protection against any peril included within the classification “"fire and extended coverage,” or “special form coverage” " against vandalism and malicious mischief, theft, sprinkler leakage, earthquake damage and flood damage. If this Lease is terminated as the result of a casualty in accordance with Section 9, the proceeds of said insurance attributable to the replacement of all tenant improvements made by or on behalf of Tenant at the Premises shall be paid to Landlord.
(c) Tenant shall, at all times during the term hereof, maintain in effect workers’ ' compensation insurance as required by applicable law and business interruption and extra expense insurance reasonably satisfactory to Landlord.
(d) From time to time, upon not less than thirty (30) days prior written notice to Tenant, Landlord may require Tenant to carry such additional insurance or higher coverage amounts as landlords of comparable buildings in the geographical area of the Property are requiring of their tenants.
Appears in 1 contract
Insurance-Tenant. (a) Tenant shall obtain and keep in force during the term of this Lease a commercial general liability policy of insurance with coverages reasonably acceptable to Landlord, in Landlord’s reasonable discretion, which, by way of example and not limitation, protect protects Tenant and Landlord, any lender of Landlord and such other persons (as Landlord may reasonably request as an additional insureds, insured) against claims for bodily injury, personal injury and property damage based upon, involving or arising out of the ownership, use, occupancy or maintenance of the Premises and all areas appurtenant thereto. Such insurance shall be on an occurrence basis providing single single-limit coverage in an amount not less than $2,000,000 per occurrence with an “Additional Insured-Managers and Landlords of Premises Endorsement” and contain the “Amendment of the Pollution Exclusion” for damage caused by heat, smoke or fumes from a hostile fire. The policy shall not contain any intra-insured exclusions as between insured persons or organizations, but shall include coverage for liability assumed under this Lease as an “insured contract” and for the performance of Tenant’s indemnity obligations under this Lease, as the same may be amended or modified from time to time.
(b) Tenant shall obtain and keep in force during the term of this Lease “all-risk risk” extended coverage (i.e., so-called “special form”) property insurance with coverages acceptable to Landlord, in In Landlord’s sole reasonable discretion. Said insurance Insurance shall be written on a one hundred percent (100%) replacement cost basis on Tenant’s personal property, all tenant improvements installed at the Premises by Landlord or Tenant, Tenant’s trade fixtures and Tenant’s other property. Such By way of example, and not limitation, such policies shall provide protection against any peril included within the classification “fire and extended coverage,” or coverage “special form coverage” against vandalism and malicious mischief, theft, theft sprinkler leakage, . Tenant shall not be obligated to purchase insurance for earthquake damage and flood damage. If this Lease is terminated as the result of a casualty in accordance with Section 9, the proceeds of said insurance attributable to the replacement of all tenant improvements made by or on behalf of Tenant at the Premises shall be paid to Landlord.
(c) Tenant shall, at all times during the term hereof, maintain in effect workers’ compensation insurance as required by applicable law and business interruption and extra expense insurance satisfactory to Landlord.
(d) From time Notwithstanding any rights of Landlord to time, upon not less than thirty (30) days prior written notice to Tenantapprove insurance coverages and amounts, Landlord may require acknowledges that the insurance currently carried by Tenant to carry such additional insurance or higher coverage amounts satisfies Tenant’s obligations under this section 9.1 as landlords of comparable buildings in the geographical area of the Property are requiring date of their tenantsthis Lease.
Appears in 1 contract
Insurance-Tenant. (a) Tenant shall obtain and keep in force during the term of this Lease a commercial general liability policy of insurance with coverages reasonably acceptable to Landlord, in Landlord’s sole discretion, which, by way of example and not limitation, protect protects Tenant and Landlord, any lender of Landlord and such other persons (as Landlord may reasonably request as an additional insureds, insured) against claims for bodily injury, personal injury and property damage based upon, involving or arising out of the ownership, use, occupancy or maintenance of the Premises and all areas appurtenant thereto. Such insurance shall be on an occurrence basis providing single limit coverage in an amount not less than $2,000,000 per occurrence with an “Additional Insured-Managers and Landlords of Premises Endorsement” and contain the “Amendment of the Pollution Exclusion” for damage caused by heat, smoke or fumes from a hostile fire. The policy shall not contain any intra-insured exclusions as between insured persons or organizations, but shall include coverage for liability assumed under this Lease as an “insured contract” and for the performance of Tenant’s indemnity obligations under this Lease, as the same may be amended or modified from time to time”.
(b) Tenant shall obtain and keep in force during the term of this Lease all-risk “all risk” extended coverage (i.e., so-called “special form”) property insurance with coverages acceptable to Landlord, in Landlord’s sole discretion. Said insurance shall be written on a one hundred percent (100%) replacement cost basis on Tenant’s personal property, all tenant improvements installed at the Premises by Landlord or for Tenant, Tenant’s trade fixtures and other property. Such By way of example, and not limitation, such policies shall provide protection against any peril included within the classification “fire and extended coverage,” or “special form coverage” against vandalism and malicious mischief, theft, theft and sprinkler leakage, earthquake damage and flood damage. If this Lease is terminated as the result of a casualty in accordance with Section section 9, the proceeds of said insurance attributable to the replacement of all tenant improvements made by or on behalf of Tenant at the Premises shall be paid to Landlord. Landlord shall select the contractor to repair and/or replace the tenant improvements, and Landlord shall cause the tenant improvements to be repaired and/or replaced to the extent insurance proceeds are available, and if and to the extent the tenant improvements are so repaired and/or replaced by Landlord, all insurance proceeds Tenant is entitled to receive to repair the tenant improvements shall be paid by the insurance company directly to Landlord.
(c) Tenant shall, at all times during the term hereof, maintain in effect workers’ compensation insurance as required by applicable law and business interruption and extra expense insurance satisfactory to Landlord.
(d) From time to time, upon not less than thirty (30) days prior written notice to Tenant, Landlord may require Tenant to carry such additional insurance or higher coverage amounts as landlords of comparable buildings in the geographical area of the Property are requiring of their tenants.
Appears in 1 contract
Samples: Office Lease (Ign Entertainment Inc)
Insurance-Tenant. (a) Tenant shall obtain and keep in force during the term of this Lease a commercial general liability policy of insurance with coverages reasonably acceptable to Landlord, in Landlord's reasonable discretion, which, by way of example and not limitation, protect protects Tenant and Landlord, any lender of Landlord and such other persons (as Landlord may reasonably request as an additional insureds, insured) against claims for bodily injury, personal injury and property damage based upon, involving or arising out of the ownership, use, occupancy or maintenance of the Premises and all areas appurtenant thereto. Such insurance shall be on an occurrence basis providing single limit coverage in an amount not less than $2,000,000 [*] per occurrence and not less than [*] in the aggregate with an “"Additional Insured-Managers and Landlords of Premises Endorsement” " and contain the “"Amendment of the Pollution Exclusion” " for damage caused by heat, smoke or fumes from a hostile fire. The policy shall not contain any intra-insured exclusions as between insured persons or organizations, but shall include coverage for liability assumed under this Lease as an “"insured contract” and " for the performance of Tenant’s 's indemnity obligations under this Lease, as the same may be amended or modified from time to time.
(b) Tenant shall obtain and keep in force during the term of this Lease all-risk “Causes of Loss – Special Form” extended coverage (i.e., so-called “special form”) property insurance (previously known as “all risk” property insurance) with coverages acceptable to Landlord, in Landlord’s sole 's reasonable discretion. Said insurance shall be written on a one hundred percent (100%) replacement cost basis on Tenant’s 's personal property, all tenant improvements installed at the Premises by Landlord or Tenant, Tenant’s 's trade fixtures and other property. Such By way of example, and not limitation, such policies shall provide protection against any peril included within the classification “"fire and extended coverage,” or “special form coverage” against vandalism and malicious mischief, theft, theft and sprinkler leakage. Tenant’s policy shall include endorsements to insure Tenant against losses to valuable papers, earthquake damage records and flood damagecomputer equipment and to compensate Tenant for the cost of recovering lost data. If this Lease is terminated as To the result of a casualty in accordance with Section 9, the proceeds of said insurance attributable extent that Tenant’s policy covers tenant improvements to the replacement of all tenant improvements made by or on behalf of Tenant at the Premises Premises, Landlord shall be paid a loss payee on such policy. Tenant shall also obtain earthquake insurance if such insurance is then customarily required for similar commercial buildings located in Xxxxx Xxxxx, Xxxxxxxxxx (xx xxx xxxxxxxxxxx xxxxxxxxxxxx xxxx) that are of comparable size, type and quality of the Premises, and if the Project is in Flood Zone A or V, Tenant shall obtain flood insurance, and the terms of such insurance policies shall be reasonably acceptable to Landlord.
(c) If customarily required for tenants of similar commercial buildings engaged in similar use of premises as Tenant’s use of the Premises, Tenant shall obtain and keep in force during the term of this Lease insurance for pollution liability and clean-up costs with coverages acceptable to Landlord, in Landlord's reasonable discretion, which by way of example and not limitation, protects against liability for cleanup costs, bodily injury and property damage, defense costs and contractual liability. Such insurance shall provide coverage of not less [*] per occurrence and [*] in the aggregate.
(d) Tenant shall, at all times during the term hereof, maintain in effect the following insurance with coverages reasonably acceptable to Landlord: (i) workers’ ' compensation insurance as required by applicable law law, (ii) employers liability insurance with limits of at least [*] per occurrence, (iii) automobile liability insurance for owned, non-owned and hired vehicles with limits of at least [*] per occurrence and (iv) business interruption and extra expense insurance. In addition to the insurance satisfactory to Landlord.
required in (di), (ii), (iii) From time to time, upon not less than thirty and (30iv) days prior written notice to Tenantabove, Landlord may shall have the right to require Tenant to carry increase the limits of its insurance and/or obtain such additional insurance or higher coverage amounts as is customarily required by landlords of comparable buildings owning similar real property in the geographical area of the Property are requiring Project.
(e) Tenant shall have the right to provide insurance coverage which it is obligated to carry pursuant to the terms of their tenantsthis Lease under a blanket insurance policy, provided such blanket policy expressly affords coverage for the Premises and Landlord as required by this Lease and shall always be available for claims made by Landlord and such coverages shall not be reduced due to claims made under the blanket policy with respect to other property owned or leased by Tenant.
Appears in 1 contract
Samples: Standard Lease (Ambarella Inc)
Insurance-Tenant. (a) Tenant shall obtain and keep in force during the term Term of this Lease a commercial general liability policy of insurance with coverages reasonably acceptable to Landlord, whichin Landlord’s reasonable discretion, which by way of example and not limitation, protect protects Tenant and Landlord, any lender of Landlord and such other persons (as Landlord may reasonably request as an additional insureds, insured) against claims for bodily injury, personal injury and property damage based upon, involving or arising out of the ownership, use, occupancy or maintenance of the Premises and all areas appurtenant thereto. Such insurance shall be on an occurrence basis providing single limit coverage in an amount of not less than Two Million Dollars ($2,000,000 per occurrence 2,000,000) combined single limit with an “Additional Insured-Managers and Landlords of Premises Endorsement” and contain the “Amendment of the Pollution Exclusion” for damage caused by heat, smoke or fumes from a hostile fire”. The policy shall not contain any intra-insured exclusions as between insured persons or organizations, but shall include coverage for liability assumed under this Lease as an “insured contract” and for the performance of Tenant’s indemnity obligations under this Lease, as the same may be amended or modified from time to time.
(b) Tenant shall obtain and keep in force during the term of this Lease all-risk will also maintain “all risk” extended coverage (i.e., so-called “special form”) property insurance with coverages acceptable to Landlord, in Landlord’s sole discretion. Said insurance shall be written on a one hundred percent (100%) replacement cost basis on Tenant’s personal property, all tenant improvements installed at the Premises by Landlord or Tenant, Tenant’s trade fixtures and other property. Such policies shall provide protection against any peril included within the classification “fire and extended coverage,” or “special form coverage” against vandalism and malicious mischief, theft, sprinkler leakage, earthquake damage leakage and flood damage. If this Lease is terminated as the result of a casualty in accordance with Section 910, the proceeds of said insurance attributable to the replacement of all tenant improvements made by or on behalf of Tenant at the Premises shall be paid to Landlord. If insurance proceeds are available to repair the tenant improvements, Landlord shall be named as a loss-payee with respect to all tenant improvements, alterations or betterments covered by Tenant’s casualty insurance policies, and, at Landlord’s option, all insurance proceeds Tenant is entitled to receive to repair the tenant improvements shall be paid by the insurance company directly to Landlord, with all remaining proceeds being paid to Tenant. Landlord shall select the contractor to repair and/or replace the tenant improvements, and Landlord shall cause the tenant improvements to be repaired and/or replaced to the extent insurance proceeds are available.
(c) Tenant shall, at all times during the term Term hereof, maintain in effect workers’ compensation insurance as required by applicable law (with employer’s liability insurance of not less than $1,000,000) and business interruption and extra expense insurance satisfactory to LandlordLandlord in its reasonable discretion. In addition, Tenant shall maintain in effect during the Term hereof a policy of automobile liability insurance with bodily injury limits of $500,000 per person, $1,000,000 per accident, and $100,000 per accident for property damage.
(d) From time to time, upon not less than thirty (30) days prior written notice to Tenant, Landlord may require Tenant to carry such additional insurance or higher coverage amounts as landlords of comparable buildings in the geographical area of the Property are requiring of their tenants.
Appears in 1 contract
Insurance-Tenant. (a) Tenant shall obtain and keep in force during the term of this Lease a commercial general liability policy of insurance with coverages reasonably acceptable to Landlord, in Landlord's sole discretion, which, by way of example and not limitation, protect Tenant and Landlord, any lender of Landlord and such other persons as Landlord may reasonably request as additional insureds, against claims for bodily injury, personal injury and property damage based upon, involving or arising out of the ownership, use, occupancy or maintenance of the Premises and all areas appurtenant thereto. Such insurance shall be on an occurrence basis providing single limit coverage in an amount not less than $2,000,000 per occurrence with an “"Additional Insured-Managers and Landlords of Premises Endorsement” " and contain the “"Amendment of the Pollution Exclusion” " for damage caused by heat, smoke or fumes from a hostile fire. The policy shall not contain any intra-insured exclusions as between insured persons or organizations, but shall include coverage for liability assumed under this Lease as an “"insured contract” " and for the performance of Tenant’s 's indemnity obligations under this Lease, as the same may be amended or modified from time to time.
(b) Tenant shall obtain and keep in force during the term of this Lease all-risk extended coverage (i.e., so-called “"special form”") property insurance with coverages acceptable to Landlord, in Landlord’s 's sole discretion. Said insurance shall be written on a one hundred percent (100%) replacement cost basis on Tenant’s 's personal property, all tenant improvements installed at the Premises by Landlord or Tenant, Tenant’s 's trade fixtures and other property. Such policies shall provide protection against any peril included within the classification “"fire and extended coverage,” " or “"special form coverage” " against vandalism and malicious mischief, theft, sprinkler leakage, earthquake damage and flood damage. Tenant may choose not to have casualty insurance on its personal property and trade fixtures against earthquake damage and flood damage, but if Tenant does not carry such insurance, Tenant shall not make any claim against Landlord or Landlord's insurer(s) on account of any loss of or damage to Tenant's personal property and trade fixtures arising from such perils, and Tenant hereby waives and releases Landlord from all such losses and claims. If this Lease is terminated as the result of a casualty in accordance with Section SECTION 9, the proceeds of said all insurance attributable to the replacement of all tenant improvements made by or on behalf of Tenant at the Premises shall be paid to Landlord.
(c) Tenant shall, at all times during the term hereof, maintain in effect workers’ ' compensation insurance as required by applicable law and law. Tenant may elect not to carry business interruption and insurance with respect to its operations at the Premises, as Tenant intends to carry on its business operations from other locations in the event of any interruption at the Premises. However, if Tenant does not carry such insurance, Tenant shall not make any claim against Landlord or Landlord's insurer(s) on account of any loss that would have been covered or reimbursed by business interruption insurance (including without limitation any amount that would have been covered by extra expense insurance satisfactory to Landlordcoverage), and Tenant hereby waives and releases Landlord from all such losses and claims.
(d) From time to time, upon not less than thirty (30) days prior written notice to Tenant, Landlord may require Tenant to carry such additional insurance or higher coverage amounts as landlords of comparable buildings in the geographical area of the Property are requiring of their tenants.
Appears in 1 contract
Samples: Lease Agreement (Medicines Co /De)
Insurance-Tenant. (a) Tenant shall obtain and keep in force during the term of this Lease a commercial general liability policy of insurance with coverages reasonably acceptable to Landlord, in Landlord’s reasonable discretion, which, by way of example and not limitation, protect protects Tenant and Landlord, any lender of Landlord and such other persons (as Landlord may reasonably request as an additional insureds, insured) against claims for bodily injury, personal injury and property damage based upon, involving or arising out of the ownership, use, occupancy or maintenance of the Premises and all areas appurtenant thereto. Such insurance shall be on an occurrence basis providing single limit coverage in an amount not less than $2,000,000 per occurrence and not less than $3,000,000 in the aggregate with an “Additional Insured-Managers and Landlords of Premises Endorsement” and contain the “Amendment of the Pollution Exclusion” for damage caused by heat, smoke or fumes from a hostile fire. The policy shall not contain any intra-insured exclusions as between insured persons or organizations, but shall include coverage for liability assumed under this Lease as an “insured contract” and for the performance of Tenant’s indemnity obligations under this Lease, as the same may be amended or modified from time to time.
(b) Tenant shall obtain and keep in force during the term of this Lease all-risk extended coverage (i.e., so-called “special form”) property insurance with coverages acceptable to Landlord, in Landlord’s sole discretion. which shall provide protection against any peril included within the classification “fire and extended coverage.” Said insurance shall be written on a one hundred percent (100%) replacement cost basis on Tenant’s personal property, all tenant improvements installed at the Premises by Landlord or Tenant, Tenant’s trade fixtures and other property. Such By way of example, and not limitation, such policies shall provide protection against any peril included within the classification “fire and extended coverage,” or “special form coverage” against vandalism and malicious mischief, theft, theft and sprinkler leakage. Tenant’s policy shall include endorsements to insure Tenant against losses to valuable papers, earthquake damage records and flood damagecomputer equipment and to compensate Tenant for the cost of recovering lost data. If this Lease is terminated as To the result of a casualty in accordance with Section 9, the proceeds of said insurance attributable extent that Tenant’s policy covers tenant improvements to the replacement of all tenant improvements made by or on behalf of Tenant at the Premises Premises, Landlord shall be paid to Landlorda loss payee on such policy.
(c) Tenant shall, at all times during the term hereof, maintain in effect workers’ compensation insurance as required by applicable law and business interruption and extra expense insurance satisfactory to Landlord.
(d) From time to time, upon not less than thirty (30) days prior written notice to Tenant, Landlord may require Tenant to carry such additional insurance or higher coverage amounts as landlords of comparable buildings in the geographical area of the Property are requiring of their tenants.
Appears in 1 contract
Insurance-Tenant. (a) Tenant shall obtain and keep in force during the term of this Lease a commercial general liability policy of insurance with coverages reasonably acceptable to Landlord, in Landlord's sole discretion, which, by way of example and not limitation, protect protects Tenant and Landlord, any lender of Landlord and such other persons (as Landlord may reasonably request as an additional insureds, insured) against claims for bodily injury, personal injury and property damage based upon, involving or arising out of the ownership, use, occupancy or maintenance of the Premises and all areas appurtenant thereto. Such insurance shall be on an occurrence basis providing single limit coverage in an amount not less than $2,000,000 per occurrence occurence with an “"Additional Insured-Managers and Landlords of Premises Endorsement” " and contain the “"Amendment of the Pollution Exclusion” " for damage caused by heat, smoke or fumes from a hostile fire. The policy shall not contain any intra-insured exclusions as between insured persons or organizations, but shall include coverage for liability assumed under this Lease as an “"insured contract” and " for the performance of Tenant’s 's indemnity obligations under this Lease, as the same may be amended or modified from time to time.
(b) Tenant shall obtain and keep in force during the term of this Lease all-risk "all risk" extended coverage (i.e., so-called “special form”) property insurance with coverages acceptable to Landlord, in Landlord’s 's sole discretion. Said insurance shall be written on a one hundred percent (100%) replacement replaement cost basis on Tenant’s 's personal property, all tenant improvements installed at the Premises by Landlord or Tenant, Tenant’s 's trade fixtures and other property. Such By way of example, and not limitation, such policies shall provide protection against any peril included within the classification “"fire and extended coverage,” or “special form coverage” " against vandalism vandalisin and malicious mischief, theft, and sprinkler leakage, earthquake damage and flood damage. If this Lease is terminated as the result of a casualty in accordance with Section section 9, the proceeds of said insurance attributable to the replacement of all tenant improvements made by or on behalf of Tenant at the Premises shall be paid to Landlord. If insurance proceeds are available to repair the tenant improvements, at Landlord's option, all insurance proceeds Tenant is entitled to receive to repair the tenant improvements shall be paid by the insurance company directly to Landlord, Landlord shall select the contractor to repair and/or replace the tenant improvements, and Landlord shall cause the tenant improvements to be repaired and/or replaced to the extent insurance proceeds are available.
(c) Tenant shall, at all times during the term hereof, maintain in effect workers’ ' compensation insurance as required by applicable law and business interruption and extra expense insurance insurane satisfactory to Landlord.
(d) From time to time, upon not less than thirty (30) days prior written notice to Tenant, Landlord may require Tenant to carry such additional insurance or higher coverage amounts as landlords of comparable buildings in the geographical area of the Property are requiring of their tenants.
Appears in 1 contract
Samples: Standard Office Lease (United Panam Financial Corp)
Insurance-Tenant. (a) Tenant shall obtain and keep in force maintain at all times during the term Term of this Lease a commercial general liability policy of insurance with coverages reasonably acceptable to Landlord, which, which by way of example and not limitation, protect protects Tenant and Landlord, any lender of Landlord and such other persons (as Landlord may reasonably request as an additional insureds, insured) against claims for bodily injury, personal injury and property damage based upon, involving or arising out of the ownership, use, occupancy or maintenance of the Premises and all areas appurtenant thereto. Such insurance shall be on an occurrence basis providing single limit coverage in an amount of not less than Two Million Dollars ($2,000,000 2,000,000) per occurrence with an “Additional Insured-Managers and Landlords of Premises Endorsement” and contain the “Amendment of the Pollution Exclusion” for damage caused by heat, smoke or fumes from a hostile fire. The policy shall not contain any intra-insured exclusions as between insured persons or organizations, but shall include coverage for liability assumed under this Lease as an “insured contract” and for the performance of Tenant’s indemnity obligations under this Lease. If, in the commercially reasonable opinion of the Landlord, the amount of public liability insurance coverage at any time during the Term is not adequate, Tenant shall increase the insurance coverage as required by Landlord. In no event shall the same may limits of such policy be amended or modified from time to time.
(b) considered as limiting the liability of Tenant under this Lease. Tenant shall obtain and keep in force during the term Term of this Lease all-risk “all risk” extended coverage (i.e., so-called “special form”) property insurance with coverages acceptable to Landlord, in Landlord’s sole commercially reasonable discretion. Said insurance shall be written on a one hundred percent (100%) replacement cost basis , on Tenant’s personal property, all tenant improvements installed at the Premises by Landlord or Tenant, Tenant’s trade fixtures and other property. Such By way of example, and not limitation, such policies shall provide protection against any peril included within the classification “fire and extended coverage,” or “special form coverage” against vandalism and malicious mischief, theft, sprinkler leakage, earthquake damage, windstorm damage and flood damage. Tenant expressly acknowledges and agrees that in the event its insurance policy excludes coverage for flood, earthquake, windstorm or any other peril, that neither Tenant nor its insurance company shall have any right or claim against Landlord or its insurance company as a result of damage to Tenant’s property resulting from such excluded peril. In addition, if there is damage to any tenant improvements installed in the Premises which is not covered by Tenant’s insurance because of exclusions under Tenant’s “all risk” policy, Tenant shall be required to reimburse Landlord for any costs incurred by Landlord to repair or replace such improvements. If this Lease is terminated as the result of a casualty in accordance with Section section 9, the proceeds of said insurance attributable to the replacement of all tenant improvements made by or on behalf of Tenant at the Premises shall be paid to Landlord.
(c) Tenant shall. If insurance proceeds are available to repair the tenant improvements, at Landlord’s option, all times during insurance proceeds Tenant is entitled to receive to repair the term hereof, maintain in effect workers’ compensation tenant improvements shall be paid by the insurance as required by applicable law and business interruption and extra expense insurance satisfactory company directly to Landlord.
(d) From time to time, upon not less than thirty (30) days prior written notice to Tenant, Landlord may require Tenant shall select the contractor to carry such additional repair and/or replace the tenant improvements, and Landlord shall cause the tenant improvements to be repaired and/or replaced to the extent insurance or higher coverage amounts as landlords of comparable buildings in the geographical area of the Property proceeds are requiring of their tenantsavailable.
Appears in 1 contract
Samples: Office Lease (Ladenburg Thalmann Financial Services Inc)
Insurance-Tenant. (a) Tenant shall obtain and keep in force during the term of this Lease a commercial general liability policy of insurance with coverages reasonably acceptable to Landlord, in Landlord’s reasonable discretion, which, by way of example and not limitation, protect protects Tenant and Landlord, any lender of Landlord and such other persons (as Landlord may reasonably request as an additional insureds, insured) against claims for bodily injury, personal injury and property damage based upon, involving or arising out of the ownership, use, occupancy or maintenance of the Premises and all areas appurtenant thereto. Such insurance shall be on an occurrence basis providing single limit coverage in an amount not less than $2,000,000 per occurrence and not less than $3,000,000 in the aggregate with an “Additional Insured-Managers and Landlords of Premises Endorsement” and contain the “Amendment of the Pollution Exclusion” for damage caused by heat, smoke or fumes from a hostile fire”. The policy shall not contain any intra-insured exclusions as between insured persons or organizations, but shall include coverage for liability assumed under this Lease as an “insured contract” and for the performance of Tenant’s indemnity obligations under this Lease, as the same may be amended or modified from time to time.
(b) Tenant shall obtain and keep in force during the term of this Lease all-risk “Causes of Loss – Special Form” extended coverage (i.e., so-called “special form”) property insurance (previously known as “all risk” property insurance) with coverages acceptable to Landlord, in Landlord’s sole reasonable discretion. Said insurance shall be written on a one hundred percent (100%) replacement cost basis on Tenant’s personal property, all tenant improvements installed at the Premises by Landlord or Tenant, Tenant’s trade fixtures and other property. Such By way of example, and not limitation, such policies shall provide protection against any peril included within the classification “fire and extended coverage,” or “special form coverage” against vandalism and malicious mischief, theft, theft and sprinkler leakage, earthquake damage and flood damage. If this Lease is terminated as the result of a casualty in accordance with Section 9, the proceeds of said insurance attributable to the replacement of all tenant improvements made by or on behalf of Tenant at the Premises shall be paid to Landlord.
(c) Tenant shall. If insurance proceeds are available to repair the tenant improvements, at Landlord’s option, all times during insurance proceeds Tenant is entitled to receive to repair the term hereof, maintain in effect workers’ compensation tenant improvements shall be paid by the insurance as required by applicable law and business interruption and extra expense insurance satisfactory company directly to Landlord.
(d) From time to time, upon not less than thirty (30) days prior written notice to Tenant, Landlord may require Tenant shall select the contractor to carry such additional repair and/or replace the tenant improvements, and Landlord shall cause the tenant improvements to be repaired and/or replaced to the extent insurance or higher coverage amounts as landlords of comparable buildings in the geographical area of the Property proceeds are requiring of their tenantsavailable.
Appears in 1 contract
Insurance-Tenant. (a) Tenant shall obtain and keep in force during the term Term of this Lease a commercial general liability policy of insurance with coverages reasonably acceptable to Landlord, which, by way of example and not limitation, which shall without limitation protect Tenant and Landlord, any lender of Landlord and such other persons as Landlord may reasonably request as additional insureds, against claims for bodily injury, personal injury and property damage based upon, involving or arising out of the ownership, use, occupancy or maintenance of the Premises and all areas appurtenant thereto. Such insurance shall be on an occurrence basis providing single limit coverage in an amount not less than $2,000,000 per occurrence with an “Additional Insured-Managers and Landlords of Premises Endorsement” and contain the “Amendment of the Pollution Exclusion” for damage caused by heat, smoke or fumes from a hostile fire. The policy shall not contain any intra-insured exclusions as between insured persons or organizations, but shall include coverage for liability assumed under this Lease as an “insured contract” and for the performance of Tenant’s indemnity obligations under this Lease, (as the same may be amended or modified from time to time) as an “insured contract.”
(b) Tenant shall obtain and keep in force during the term of this Lease all-risk extended coverage (i.e., so-called “special form”) ” property insurance with coverages acceptable to Landlord, in Landlord’s sole discretion. Said insurance shall be written on a one hundred percent (100%) replacement cost basis on Tenant’s personal property, all tenant improvements installed at the Premises by Landlord or Tenant, Tenant’s trade fixtures and other property. Such policies shall provide protection against any peril included within the classification “fire and extended coverage,” or “special form coverage” against vandalism and malicious mischief, theft, sprinkler leakage, earthquake damage and flood damage. If this Lease is terminated as the result of a casualty in accordance with Section 9, the proceeds of said insurance attributable to the replacement of all tenant improvements made by or on behalf of Tenant at the Premises shall be paid to Landlord.
(c) Tenant shall, at all times during the term hereof, maintain in effect workers’ compensation insurance as required by applicable law and business interruption and extra expense insurance satisfactory to Landlord.
(d) From time to time, upon not less than thirty (30) days prior written notice to Tenant, Landlord may require Tenant to carry such additional insurance or higher coverage amounts as landlords of comparable buildings in the geographical area of the Property are requiring of their tenants.
(e) Tenant shall have the right to provide its required insurance coverage pursuant to blanket policies obtained by the Tenant.
Appears in 1 contract
Samples: Lease Agreement (Nitromed Inc)
Insurance-Tenant. (a) Tenant shall obtain and keep in force during the term of this Lease a commercial general liability policy of insurance with coverages reasonably acceptable to Landlord, in Landlord's reasonable discretion, which, by way of example and not limitation, protect protects Tenant and Landlord, any lender of Landlord and such other persons (as Landlord may reasonably request as an additional insureds, insured) against claims for bodily injury, personal injury and property damage based upon, involving or arising out of the ownership, use, occupancy or maintenance of the Premises and all areas appurtenant thereto. Such insurance shall be on an occurrence basis providing single limit coverage in an amount not less than $2,000,000 per occurrence and not less than $3,000,000 in the aggregate with an “"Additional Insured-Managers and Landlords of Premises Endorsement” " and contain the “"Amendment of the Pollution Exclusion” " for damage caused by heat, smoke or fumes from a hostile fire. The policy shall not contain any intra-insured exclusions as between insured persons or organizations, but shall include coverage for liability assumed under this Lease as an “"insured contract” and " for the performance of Tenant’s 's indemnity obligations under this Lease, as the same may be amended or modified from time to time.
(b) Tenant shall obtain and keep in force during the term of this Lease all-risk “Causes of Loss – Special Form” extended coverage (i.e., so-called “special form”) property insurance (previously known as “all risk” property insurance) with coverages acceptable to Landlord, in Landlord’s sole 's reasonable discretion. Said insurance shall be written on a one hundred percent (100%) replacement cost basis on Tenant’s 's personal property, all tenant improvements Alterations installed at the Premises by Landlord or on behalf of Tenant, Tenant’s 's trade fixtures and other property. Such By way of example, and not limitation, such policies shall provide protection against any peril included within the classification “"fire and extended coverage,” or “special form coverage” " against vandalism and malicious mischief, theft, theft and sprinkler leakage. Tenant’s policy shall include endorsements to insure Tenant against losses to valuable papers, earthquake damage records and flood damagecomputer equipment and to compensate Tenant for the cost of recovering lost data. If this Lease is terminated as To the result of a casualty in accordance with Section 9, the proceeds of said insurance attributable extent that Tenant’s policy covers tenant improvements to the replacement of all tenant improvements made by or on behalf of Tenant at the Premises Premises, Landlord shall be paid to Landlorda loss payee on such policy.
(c) Tenant shall, at all times during the term hereof, maintain in effect the following insurance with coverages reasonably acceptable to Landlord: (i) workers’ ' compensation insurance as required by applicable law law, (ii) employers liability insurance with limits of at least $1,000,000 per occurrence, (iii) automobile liability insurance for owned, non-owned and hired vehicles with limits of at least $1,000,000 per occurrence and (iv) business interruption and extra expense insurance. In addition to the insurance satisfactory to Landlord.
required in (di), (ii), (iii) From time to time, upon not less than thirty and (30iv) days prior written notice to Tenantabove, Landlord may shall have the right to require Tenant to carry increase the limits of its insurance and/or obtain such additional insurance or higher coverage amounts as landlords is customarily required by owners of comparable buildings in the geographical area of the Property are requiring of their tenantsComparable Buildings.
Appears in 1 contract
Insurance-Tenant. (a) During the Term of the Lease and at such other times as Tenant occupies the Premises, Tenant shall obtain and keep in force during at its expense "comprehensive general liability" insurance including an ISO broad form endorsement or its equivalent with respect to the term Premises with limits of this Lease a commercial general liability policy of insurance with coverages reasonably acceptable to Landlord, which, by way of example and not limitation, protect Tenant and Landlord, any lender of Landlord and less than Three Million Dollars ($3,000,000) combined single limit or such other persons higher amount as Landlord may reasonably request as additional insureds, against claims for bodily injury, personal injury and property damage based upon, involving or arising out of the ownership, use, occupancy or maintenance of the Premises and all areas appurtenant thereto. Such insurance shall be on an occurrence basis providing single limit coverage require in an amount not less than $2,000,000 per occurrence with an “Additional Insured-Managers and Landlords of Premises Endorsement” and contain the “Amendment of the Pollution Exclusion” for damage caused by heat, smoke or fumes from a hostile fire. The policy shall not contain any intra-insured exclusions as between insured persons or organizations, but shall include coverage for liability assumed under this Lease as an “insured contract” and for the performance of Tenant’s indemnity obligations under this Lease, as the same may be amended or modified writing from time to time. The insurance shall cover liability arising out of Tenant's operations and liability arising out of work performed at the Premises by other persons on behalf of Tenant, and shall specifically include the contractual liability assumed by Tenant under this Lease. Such coverage, if written on a claims-made basis, must provide for a retroactive date which is prior to the date Tenant occupies the Premises, and the same retroactive date shall continue during the entire Term of this Lease.
(b) Tenant shall obtain and keep in force during the term of this Lease all-risk will also maintain "all risk" extended coverage (i.e., so-called “special form”) property insurance with coverages acceptable to Landlord, in Landlord’s sole discretion. Said insurance shall be written on a one hundred percent (100%) replacement cost basis on Tenant’s 's personal property, all tenant improvements installed at the Premises by Landlord or Tenant, Tenant’s 's trade fixtures and other property. Such policies shall provide protection against any peril included within the classification “"fire and extended coverage,” or “special form coverage” " against vandalism and malicious mischief, theft, sprinkler leakage, earthquake damage leakage and flood damage. If this Lease is terminated as the result of a casualty in accordance with Section 910, the proceeds of said insurance attributable to the replacement of all tenant improvements made by or on behalf of Tenant at the Premises shall be paid to Landlord.
(c) Tenant shall, at all times during the term Term hereof, maintain in effect workers’ ' compensation insurance as required by applicable law (but not less than $1,000,000) and business interruption and extra expense insurance satisfactory to Landlord. In addition, Tenant shall maintain in effect during the Term hereof a policy of automobile liability insurance with bodily injury limits of $500,000 per person, $1,000,000 per accident, and $100,000 per accident for property damage.
(d) From time to time, upon not less than thirty (30) days prior written notice to Tenant, Landlord may require Tenant to carry such additional insurance or higher coverage amounts as landlords of comparable buildings in the geographical area of the Property are requiring of their tenants.
Appears in 1 contract
Insurance-Tenant. (a) During the Term of the Lease and at such other times as Tenant occupies the Premises, Tenant shall obtain and keep in force during the term of this Lease a at its expense "commercial general liability policy liability" insurance including an ISO broad form endorsement or its equivalent with respect to the Premises with limits of insurance with coverages reasonably acceptable to Landlord, which, by way of example and not limitation, protect Tenant and Landlord, any lender of Landlord and less than One Million Dollars ($1,000,000) combined single limit or such other persons higher amount as Landlord may reasonably request as additional insureds, against claims for bodily injury, personal injury and property damage based upon, involving or arising out of the ownership, use, occupancy or maintenance of the Premises and all areas appurtenant thereto. Such insurance shall be on an occurrence basis providing single limit coverage require in an amount not less than $2,000,000 per occurrence with an “Additional Insured-Managers and Landlords of Premises Endorsement” and contain the “Amendment of the Pollution Exclusion” for damage caused by heat, smoke or fumes from a hostile fire. The policy shall not contain any intra-insured exclusions as between insured persons or organizations, but shall include coverage for liability assumed under this Lease as an “insured contract” and for the performance of Tenant’s indemnity obligations under this Lease, as the same may be amended or modified writing from time to time. The insurance shall cover liability arising out of Tenant's operations and liability arising out of work performed at the Premises by other persons on behalf of Tenant, and shall specifically include the contractual liability assumed by Tenant under this Lease. Such coverage, if written on a claims-made basis, must provide for a retroactive date which is prior to the date Tenant occupies the Premises, and the same retroactive date shall continue during the entire Term of this Lease.
(b) Tenant shall obtain and keep in force during the term of this Lease all-risk will also maintain "all risk" extended coverage (i.e., so-called “special form”) property insurance with coverages acceptable to Landlord, in Landlord’s sole discretion. Said insurance shall be written on a one hundred percent (100%) replacement cost basis on Tenant’s 's personal property, all tenant improvements installed at the Premises by Landlord or Tenant, Tenant’s 's trade fixtures and other property. Such policies shall provide protection against any peril included within the classification “"fire and extended coverage,” or “special form coverage” " against vandalism and malicious mischief, theft, sprinkler leakage, earthquake damage leakage and flood damage. If this Lease is terminated as the result of a casualty in accordance with Section 9, the proceeds of said insurance attributable to the replacement of all tenant improvements made by or on behalf of Tenant at the Premises shall be paid to Landlord.
(c) Tenant shall, at all times during the term Term hereof, maintain in effect workers’ ' compensation insurance as required by applicable law and business interruption and extra expense insurance satisfactory to Landlord.
(d) From time to time, upon not less than thirty (30) days prior written notice to Tenant, Landlord may require Tenant to carry such additional insurance or higher coverage amounts as landlords of comparable buildings in the geographical area of the Property are requiring of their tenants.
Appears in 1 contract
Insurance-Tenant. (a) Tenant shall obtain and keep in force during the term Term of this Lease a commercial general liability policy of insurance with coverages reasonably acceptable to Landlord, which, by way of example and not limitation, protect protects Tenant and Landlord, any lender of Landlord and such other persons (as Landlord may reasonably request as an additional insureds, insured) against claims for bodily injury, personal injury and property damage based upon, involving or arising out of the ownership, use, occupancy or maintenance of the Premises and all Project areas appurtenant thereto. Such insurance shall be on an occurrence basis providing single single-limit coverage in an amount not less than $2,000,000 per occurrence which limit can be satisfied in conjunction with an “Additional Insured-Managers and Landlords of Premises Endorsement” and contain the “Amendment of the Pollution Exclusion” for damage caused by heat, smoke Umbrella or fumes from a hostile fireExcess Liability policy or policies. The policy shall not contain any intra-insured exclusions as between insured persons or organizations, but shall include coverage for liability assumed under this Lease as an “"insured contract” and " for the performance of Tenant’s 's indemnity obligations under this Lease, as the same may be amended or modified from time to time.
(b) Tenant shall obtain and keep in force during the term Term of this Lease all-risk extended "Causes of Loss - Special Form" coverage (i.e.including flood coverage, so-called “special form”) property insurance with sprinkler leak coverage, and such endorsements and supplemental coverages acceptable as Landlord may reasonably require from time to Landlord, in Landlord’s sole discretiontime. Said insurance shall be written on a one hundred percent (100%) replacement cost basis on Tenant’s 's personal property, all tenant improvements installed at the Premises by Landlord or Tenant, Tenant’s 's trade fixtures and other Tenant property. Such policies shall provide protection against any peril included within the classification “fire and extended coverage,” or “special form coverage” against vandalism and malicious mischief, theft, sprinkler leakage, earthquake damage and flood damage. If this Lease is terminated as the result of a casualty in accordance with Section 9, the proceeds of said insurance attributable to the replacement of all tenant improvements made by or on behalf of Tenant at the Premises shall be paid to Landlord.
(c) Tenant shall, at all times during the term Term hereof, maintain in effect workers’ ' compensation insurance as required by applicable law and business interruption and extra expense insurance satisfactory to Landlordlaw.
(d) From time to time, upon not less than thirty (30) days prior written notice to Tenant, Landlord may require Tenant to carry such additional insurance or higher coverage amounts as landlords of comparable buildings in the geographical area of the Property are requiring of their tenants.
Appears in 1 contract
Samples: Industrial Lease Agreement (G Iii Apparel Group LTD /De/)
Insurance-Tenant. (a) Tenant shall obtain and keep in force during the term of this Lease a commercial general liability policy of insurance with coverages reasonably acceptable to Landlord, in Landlord's reasonable discretion, which, by way of example and not limitation, protect protects Tenant and Landlord, any lender of Landlord and such other persons (as Landlord may reasonably request as an additional insureds, insured) against claims for bodily injury, personal injury and property damage based upon, involving or arising out of the ownership, use, occupancy or maintenance of the Premises and all areas appurtenant thereto. Such insurance shall be on an occurrence basis providing single limit coverage in an amount not less than $2,000,000 per occurrence with an “"Additional Insured-Managers and Landlords of Premises Endorsement” " and contain the “"Amendment of the Pollution Exclusion” " for damage caused by heat, smoke or fumes from a hostile fire. The policy shall not contain any intra-insured exclusions as between insured persons or organizations, but shall include coverage for liability assumed under this Lease as an “"insured contract” and " for the performance of Tenant’s 's indemnity obligations under this Lease, as the same may be amended or modified from time to time.
(b) Tenant shall obtain and keep in force during the term of this Lease "all-risk risk-extended coverage (i.e., so-called “special form”) property insurance with coverages acceptable to Landlord, in Landlord’s sole 's reasonable discretion. Said insurance shall be written on a one hundred percent (100%) replacement cost basis on Tenant’s 's personal property, all tenant improvements installed at the Premises by Landlord or Tenant, Tenant’s 's trade fixtures and other property. Such By way of example, and not limitation, such policies shall provide protection against any peril included within the classification “"fire and extended coverage,” or “special form coverage” " against vandalism and malicious mischief, theft, sprinkler leakage, earthquake damage and flood damage. If this Lease is terminated as the result of a casualty in accordance with Section 9, the proceeds of said insurance attributable to the replacement of all tenant improvements made by or on behalf of Tenant at the Premises shall be paid to Landlord.
(c) Tenant shall, at all times during the term hereof, maintain in effect workers’ ' compensation insurance as required by applicable law and business interruption and extra expense insurance reasonably satisfactory to Landlord.
(d) From time to time, upon not less than thirty (30) days prior written notice to Tenant, Landlord may require Tenant to carry such additional insurance or higher coverage amounts as landlords of comparable buildings in the geographical area of the Property are requiring of their tenants.
Appears in 1 contract
Insurance-Tenant. (a) Tenant shall obtain and keep in force maintain at all times during the term Term of this Lease a commercial general liability policy of insurance with coverages reasonably acceptable to Landlord, which, which by way of example and not limitation, protect protects Tenant and Landlord, any lender of Landlord and such other persons (as Landlord may reasonably request as an additional insureds, insured) against claims for bodily injury, personal injury and property damage based upon, involving or arising out of the ownership, use, occupancy or maintenance of the Premises and all areas appurtenant thereto. Such insurance shall be on an occurrence basis providing single limit coverage in an amount of not less than Two Million Dollars ($2,000,000 2,000,000) per occurrence with an “Additional Insured-Managers and Landlords of Premises Endorsement” and contain the “Amendment of the Pollution Exclusion” for damage caused by heat, smoke or fumes from a hostile fire. The policy shall not contain any intra-insured exclusions as between insured persons or organizations, but shall include coverage for liability assumed under this Lease as an “insured contract” and for the performance of Tenant’s indemnity obligations under this Lease. If, as in the same may be amended opinion of the insurance broker retained by Landlord, the amount of public liability or modified from property damage insurance coverage at any time to time.
(b) during the Term is not adequate, Tenant shall increase the insurance coverage as required by Landlord’s insurance broker. In no event shall the limits of such policy be considered as limiting the liability of Tenant under this Lease. Tenant may also obtain and keep in force during the term Term of this Lease all-risk “all risk” extended coverage (i.e., so-called “special form”) property insurance with coverages acceptable to Landlord, in Landlord’s sole discretion. Said insurance shall be written on a one hundred percent (100%) replacement cost basis on Tenant’s personal property, all tenant improvements installed at the Premises by Landlord or Tenant, Tenant and Tenant’s trade fixtures and other propertyproperty (collectively, “Tenant’s Personal Property”). Such policies Tenant expressly acknowledges and agrees that in the event its insurance policy fails to cover any of Tenant’s Personal Property or excludes coverage for flood, earthquake, windstorm or any other peril, that neither Tenant nor its insurance company shall provide protection have any right or claim against any peril included within the classification “fire and extended coverage,” Landlord or “special form coverage” against vandalism and malicious mischief, theft, sprinkler leakage, earthquake damage and flood damage. If this Lease is terminated its insurance company as the a result of a casualty in accordance with Section 9, the proceeds of said insurance attributable to the replacement of all tenant improvements made by or on behalf of Tenant at the Premises shall be paid to Landlord.
(c) Tenant shall, at all times during the term hereof, maintain in effect workers’ compensation insurance as required by applicable law and business interruption and extra expense insurance satisfactory to Landlord.
(d) From time to time, upon not less than thirty (30) days prior written notice damage to Tenant, Landlord may require Tenant to carry ’s Personal Property resulting from such additional insurance failure of coverage or higher coverage amounts as landlords of comparable buildings in the geographical area of the Property are requiring of their tenantsexcluded peril.
Appears in 1 contract
Samples: Office Lease (Ladenburg Thalmann Financial Services Inc)
Insurance-Tenant. (a) 10.1.1 Tenant shall obtain and keep in force during the term of this Lease Term a commercial general liability policy of insurance with coverages reasonably acceptable to Landlord, which, by way of example and not limitation, protect Tenant and Landlord, any lender of Landlord and such other persons as Landlord may reasonably request as additional insureds, against claims for bodily injury, personal injury and property damage based upon, involving or arising out of the ownership, use, occupancy or maintenance of the Premises and all areas appurtenant thereto. Such insurance shall be on an occurrence basis providing single limit coverage in an amount limits not less than One Million Dollars ($2,000,000 1,000,000.00) per occurrence with and Three Million Dollars ($3,000,000.00) in the aggregate (subject to periodic increases as provided below and which may be satisfied, at Tenant’s option, though primary coverage or a combination of primary and excess liability/umbrella coverage), which policy (a) shall include an “Additional Insured-Managers and Landlords of Premises Endorsement” and contain the “Amendment of the Pollution Exclusion” for damage caused by heat”, smoke or fumes from a hostile fire. The policy which shall not contain any intra-insured exclusions name Landlord as between insured persons or organizationsan additional insured, but (b) shall include coverage for liability assumed under this Lease as an “insured contract” and for the performance of Tenant’s indemnity obligations under this Lease and (c) shall provide that the coverage is primary and that any coverage that Landlord may maintain shall be in excess thereof. Neither the maintenance nor the amount of any such liability insurance shall be construed to limit in any way Tenant's obligations under any indemnity or hold harmless agreement set forth in this Lease, as the same may be amended or modified from time to time.
(b) 10.1.2 Tenant shall obtain and keep in force during the term of this Lease Term “all-risk risk” extended coverage (i.e., so-called “special form”) property insurance with coverages reasonably acceptable to Landlord, Landlord in Landlord’s sole discretion. Said insurance shall be written on a an amount not less than one hundred percent (100%) of the then full replacement cost basis on Tenant’s personal propertyvalue of the Facility, the Personal Property, all tenant improvements installed at the Premises by Landlord or Tenant, Tenant’s trade fixtures fixtures, Tenant’s Equipment and other propertyall other property at the Premises. Such By way of example, and not limitation, such policies shall provide protection against any peril included within the classification “fire and extended coverage,” or “special form coverage” against vandalism and malicious mischief, theft, sprinkler leakage, earthquake damage and flood damagedamage and shall include business interruption and extra expense coverages. If this Lease is terminated as the result of a casualty in accordance with Section 9The policy shall also contain provisions for, the proceeds of said insurance attributable to the replacement of all tenant improvements made by or on behalf of Tenant at the Premises endorsements shall be paid obtained for demolition cost coverage, an increase cost of construction coverage (for upgrading the current building codes and life safety codes, if necessary), include an ordinance and law rider, and prohibit cancellation or modification by the insurer without ten (10) days' prior written notice to LandlordLandlord and to each Mortgage Holder.
(c) 10.1.3 Tenant shall, at all times during the term hereofLease Term, maintain in effect workers’ compensation insurance as required by applicable law and business interruption and extra expense insurance satisfactory to Landlordlaw.
(d) From time to time, upon not less than thirty (30) days prior written notice to Tenant, Landlord may require Tenant to carry such additional insurance or higher coverage amounts as landlords of comparable buildings in the geographical area of the Property are requiring of their tenants.
Appears in 1 contract
Samples: Lease Agreement (Emeritus Corp\wa\)
Insurance-Tenant. (a) Tenant shall obtain and keep in force maintain at all times during the term Term of this Lease a commercial general liability policy of insurance with coverages reasonably acceptable to Landlord, which, which by way of example and not limitation, protect protects Tenant and Landlord, any lender of Landlord and such other persons (as Landlord may reasonably request as an additional insureds, insured) against claims for bodily injury, personal injury and property damage based upon, involving or arising out of the ownership, use, occupancy or maintenance of the Premises and all areas appurtenant thereto. Such insurance shall be on an occurrence basis providing single limit coverage in an amount of not less than Two Million Dollars ($2,000,000 2,000,000) per occurrence with an “"Additional Insured-Managers and Landlords of Premises Endorsement” " and contain the “"Amendment of the Pollution Exclusion” " for damage caused by heat, smoke or fumes from a hostile fire. The policy shall not contain any intra-insured exclusions as between insured persons or organizations, but shall include coverage for liability assumed under this Lease as an “"insured contract” and " for the performance of Tenant’s 's indemnity obligations under this Lease. If, as in the same may be amended commercially reasonable opinion of the insurance broker retained by Landlord, the amount of public liability or modified from property damage insurance coverage at any time to time.
(b) during the Term is not adequate, Tenant shall increase the insurance coverage as required by Landlord’s insurance broker. In no event shall the limits of such policy be considered as limiting the liability of Tenant under this Lease. Tenant may also obtain and keep in force during the term Term of this Lease all-risk "all risk" extended coverage (i.e., so-called “special form”) property insurance with coverages acceptable to Landlord, in Landlord’s sole discretion. Said insurance shall be written on a one hundred percent (100%) replacement cost basis on Tenant’s 's personal property, all tenant improvements installed at the Premises by Landlord or Tenant and Tenant, Tenant’s 's trade fixtures and other propertyproperty (collectively, “Tenant’s Personal Property”). Such policies Tenant expressly acknowledges and agrees that in the event its insurance policy fails to cover any of Tenant’s Personal Property or excludes coverage for flood, earthquake, windstorm or any other peril, that neither Tenant nor its insurance company shall provide protection have any right or claim against any peril included within the classification “fire and extended coverage,” Landlord or “special form coverage” against vandalism and malicious mischief, theft, sprinkler leakage, earthquake damage and flood damage. If this Lease is terminated its insurance company as the a result of a casualty in accordance with Section 9, the proceeds of said insurance attributable to the replacement of all tenant improvements made by or on behalf of Tenant at the Premises shall be paid to Landlord.
(c) Tenant shall, at all times during the term hereof, maintain in effect workers’ compensation insurance as required by applicable law and business interruption and extra expense insurance satisfactory to Landlord.
(d) From time to time, upon not less than thirty (30) days prior written notice damage to Tenant, Landlord may require Tenant to carry 's Personal Property resulting from such additional insurance failure of coverage or higher coverage amounts as landlords of comparable buildings in the geographical area of the Property are requiring of their tenantsexcluded peril.
Appears in 1 contract
Samples: Office Lease (Opko Health, Inc.)
Insurance-Tenant. (a) Tenant shall obtain and keep in force during the term of this Lease a commercial general liability policy of insurance with coverages reasonably acceptable to Landlord, in Landlord's reasonable discretion, which, by way of example and not limitation, protect protects Tenant and Landlord, any lender of Landlord and such other persons (as Landlord may reasonably request as an additional insureds, insured) against claims for bodily injury, personal injury and property damage based upon, involving or arising out of the ownership, use, occupancy or maintenance of the Premises and all areas appurtenant thereto. Such insurance shall be on an occurrence basis providing single limit coverage in an amount not less than $2,000,000 per occurrence and not less than $3,000,000 in the aggregate with an “"Additional Insured-Managers and Landlords of Premises Endorsement” " and contain the “"Amendment of the Pollution Exclusion” " for damage caused by heat, smoke or fumes from a hostile fire. The policy shall not contain any intra-insured exclusions as between insured persons or organizations, but shall include coverage for liability assumed under this Lease as an “"insured contract” and " for the performance of Tenant’s 's indemnity obligations under this Lease, as the same may be amended or modified from time to time.
(b) Tenant shall obtain and keep in force during the term of this Lease all-risk “Causes of Loss – Special Form” extended coverage (i.e., so-called “special form”) property insurance (previously known as “all risk” property insurance) with coverages acceptable to Landlord, in Landlord’s sole 's reasonable discretion. Said insurance shall be written on a one hundred percent (100%) replacement cost basis on Tenant’s 's personal property, all tenant improvements installed at the Premises by Landlord or Tenant, Tenant’s 's trade fixtures and other property. Such By way of example, and not limitation, such policies shall provide protection against any peril included within the classification “"fire and extended coverage,” or “special form coverage” " against vandalism and malicious mischief, theft, theft and sprinkler leakage. Tenant’s policy shall include endorsements to insure Tenant against losses to valuable papers, records and computer equipment and to compensate Tenant for the cost of recovering lost data. To the extent that Tenant’s policy covers tenant improvements to the Premises, Landlord shall be a loss payee on such policy. Tenant shall also obtain earthquake damage insurance, and if the Project is in Flood Zone A or V, Tenant shall obtain flood damageinsurance, and the terms of such insurance policies shall be reasonably acceptable to Landlord. If this Lease is terminated as the result of a casualty in accordance with Section 9, the proceeds of said insurance attributable to the replacement of all tenant improvements made by or on behalf of Tenant at the Premises shall be paid to Landlord. If insurance proceeds are available to repair the tenant improvements, at Landlord's option, all insurance proceeds Tenant is entitled to receive to repair the tenant improvements shall be paid by the insurance company directly to Landlord, Landlord shall select the contractor to repair and/or replace the tenant improvements, and Landlord shall cause the tenant improvements to be repaired and/or replaced to the extent insurance proceeds are available.
(c) Tenant shall, at all times during the term hereof, maintain in effect the following insurance with coverages reasonably acceptable to Landlord: (i) workers’ ' compensation insurance as required by applicable law law, (ii) employers liability insurance with limits of at least $1,000,000 per occurrence, (iii) automobile liability insurance for owned, non-owned and hired vehicles with limits of at least $1,000,000 per occurrence and (iv) business interruption and extra expense insurance. In addition to the insurance satisfactory to Landlord.
required in (di), (ii), (iii) From time to time, upon not less than thirty and (30iv) days prior written notice to Tenantabove, Landlord may shall have the right to require Tenant to carry increase the limits of its insurance and/or obtain such additional insurance or higher coverage amounts as is customarily required by landlords of comparable buildings owning similar real property in the geographical area of the Property are requiring of their tenantsProject.
Appears in 1 contract
Insurance-Tenant. (a) Tenant shall obtain and keep in force during the term of this Lease a commercial general liability policy of insurance with coverages reasonably acceptable to Landlord, in Landlord's reasonable discretion, which, by way of example and not limitation, protect protects Tenant and Landlord, any lender of Landlord and such other persons (as Landlord may reasonably request as an additional insureds, insured) against claims for bodily injury, personal injury and property damage based upon, involving or arising out of the ownership, use, occupancy or maintenance of the Premises and all areas appurtenant thereto. Such insurance shall be on an occurrence basis providing single limit coverage in an amount not less than $2,000,000 per occurrence and not less than $2,000,000 in the aggregate with an “"Additional Insured-Managers and Landlords of Premises Endorsement” " and contain the “"Amendment of the Pollution Exclusion” " for damage caused by heat, smoke or fumes from a hostile fire. The policy shall not contain any intra-insured exclusions as between insured persons or organizations, but shall include coverage for liability assumed under this Lease as an “"insured contract” and " for the performance of Tenant’s 's indemnity obligations under this Lease, as the same may be amended or modified from time to time.
(b) Tenant shall obtain and keep in force during the term of this Lease all-risk “Causes of Loss – Special Form” extended coverage (i.e., so-called “special form”) property insurance (previously known as “all risk” property insurance) with coverages acceptable to Landlord, in Landlord’s sole 's reasonable discretion. Said insurance shall be written on a one hundred percent (100%) replacement cost basis on Tenant’s 's personal property, all tenant improvements installed at the Premises by Landlord or Tenant, Tenant’s 's trade fixtures and other property. Such By way of example, and not limitation, such policies shall provide protection against any peril included within the classification “"fire and extended coverage,” or “special form coverage” " against vandalism and malicious mischief, theft, theft and sprinkler leakage. Tenant’s policy shall include endorsements to insure Tenant against losses to valuable papers, records and computer equipment and to compensate Tenant for the cost of recovering lost data. To the extent that Txxxxx’s policy covers tenant improvements to the Premises, Landlord shall be a loss payee on such policy. Tenant shall also obtain earthquake damage insurance, and if the Project is in Flood Zone A or V, Tenant shall obtain flood damageinsurance, and the terms of such insurance policies shall be reasonably acceptable to Landlord. If this Lease is terminated as the result of a casualty in accordance with Section 9, the proceeds of said insurance attributable to the replacement of all tenant improvements made by or on behalf of Tenant at the Premises shall be paid to Landlord. If insurance proceeds are available to repair the tenant improvements, at Landlord's option, all insurance proceeds Tenant is entitled to receive to repair the tenant improvements shall be paid by the insurance company directly to Landlord, Landlord shall select the contractor to repair and/or replace the tenant improvements, and Landlord shall cause the tenant improvements to be repaired and/or replaced to the extent insurance proceeds are available.
(c) Tenant shall, at all times during the term hereof, maintain in effect the following insurance with coverages reasonably acceptable to Landlord (i) workers’ compensation insurance as required by applicable law law, (ii) employers liability insurance with limits of at least $1,000,000 per occurrence, (iii) automobile liability insurance for owned, non-owned and hired vehicles with limits of at lease $1,000,000 per occurrence and (iv) business interruption and extra expense insurance. In addition to the insurance satisfactory to Landlord.
required in (di), (ii), (iii) From time to time, upon not less than thirty and (30iv) days prior written notice to Tenantabove, Landlord may shall have the right to require Tenant to carry increase the limits of its insurance and/or obtain such additional insurance or higher coverage amounts as is customarily required by landlords of comparable buildings owning similar real property in the geographical area of the Property are requiring of their tenantsProject.
Appears in 1 contract
Samples: Office Lease (Auxilio Inc)
Insurance-Tenant. (a) During the Term of the Lease and at such other times as Tenant occupies the Premises, Tenant shall obtain and keep in force during the term of this Lease a at its expense "commercial general liability policy of liability" insurance with coverages reasonably acceptable respect to Landlordthe Premises with limits of not less than One Million Dollars ($1,000,000) per occurrence/ $2,000,000 aggregate, which, by way of example and not limitation, protect Tenant and Landlord, any lender of Landlord and or such other persons commercially reasonable higher amount as Landlord may reasonably request as additional insureds, against claims for bodily injury, personal injury and property damage based upon, involving or arising out of the ownership, use, occupancy or maintenance of the Premises and all areas appurtenant thereto. Such insurance shall be on an occurrence basis providing single limit coverage require in an amount not less than $2,000,000 per occurrence with an “Additional Insured-Managers and Landlords of Premises Endorsement” and contain the “Amendment of the Pollution Exclusion” for damage caused by heat, smoke or fumes from a hostile fire. The policy shall not contain any intra-insured exclusions as between insured persons or organizations, but shall include coverage for liability assumed under this Lease as an “insured contract” and for the performance of Tenant’s indemnity obligations under this Lease, as the same may be amended or modified writing from time to time. The insurance shall cover liability arising out of Tenant’s operations and liability arising out of work performed at the Premises by other persons on behalf of Tenant, and shall specifically include the contractual liability assumed by Tenant under this Lease. Such coverage, if written on a claims-made basis, must provide for a retroactive date which is prior to the date Tenant occupies the Premises, and the same retroactive date shall continue during the entire Term of this Lease. Tenant shall provide Landlord a certificate of insurance naming Landlord as an additional insured, along with a copy of an additional insured endorsement ISO number CG20 11 01 96 or its equivalent.
(b) Tenant shall obtain and keep in force during the term of this Lease all-risk extended will also maintain "all risk" property insurance, including flood coverage (i.e., so-called “special form”) property insurance with coverages acceptable to Landlord, in Landlord’s sole discretion. Said insurance shall be written on a one hundred percent (100%) replacement cost basis on Tenant’s personal property, all tenant improvements installed at the Premises by Landlord or Tenant, Tenant’s trade fixtures fixtures, and other property. Such policies shall provide protection against any peril included within the classification “fire and extended coverage,” or “special form coverage” against vandalism and malicious mischief, theft, sprinkler leakage, earthquake damage and flood damage. If this Lease is terminated as the result of a casualty in accordance with Section 9, the proceeds of said insurance attributable to the replacement of all tenant improvements made by or on behalf of Tenant at the Premises shall be paid to Landlord. Tenant shall also maintain all risk Business Interruption Coverage in an amount no less than 100% of he annual rents and tenant’s insurance policy shall contain a loss payable clause naming Landlord additional loss payee A.T.I.M.A. and certificate of insurance evidencing the foregoing coverages shall be given Landlord under an ACCORD 27 or its equivalent.
(c) Tenant shall, at all times during the term Term hereof, maintain in effect workers’ compensation insurance as required by applicable law and business interruption and extra expense insurance satisfactory to Landlord.
(d) From time to time, upon not less than thirty (30) days prior written notice to Tenant, Landlord may require Tenant to carry such additional insurance or higher coverage amounts as landlords of comparable buildings in the geographical area of the Property are requiring of their tenants.
Appears in 1 contract
Samples: Office Lease Agreement (Cross Country Healthcare Inc)
Insurance-Tenant. (a) Tenant shall obtain and keep in force during the term Term of this Lease a commercial general liability policy of insurance with coverages reasonably acceptable to Landlord, whichin Landlord's sole discretion, which by way of example and not limitation, protect protects Tenant and Landlord, any lender of Landlord and such other persons (as Landlord may reasonably request as an additional insureds, insured) against claims for bodily injury, personal injury and property damage based upon, involving or arising out of the ownership, use, occupancy or maintenance of the Premises and all areas appurtenant thereto. Such insurance shall be on an occurrence basis providing single limit coverage in an amount of not less than Three Million Dollars ($2,000,000 per occurrence 3,000,000) combined single limit with an “"Additional Insured-Managers and Landlords of Premises Endorsement” " and contain the “"Amendment of the Pollution Exclusion” " for damage caused by heat, smoke or fumes from a hostile fire. The policy shall not contain any intra-insured exclusions as between insured persons or organizations, but shall include coverage for liability assumed under this Lease as an “"insured contract” and " for the performance of Tenant’s 's indemnity obligations under this Lease, as the same may be amended or modified from time to time.
(b) Tenant shall obtain and keep in force during the term Term of this Lease all-risk "special" extended coverage (i.e., so-called “special form”) property insurance with coverages reasonably acceptable to Landlord, in Landlord’s 's sole discretion. Said insurance shall be written on a one hundred percent (100%) replacement cost basis on Tenant’s 's personal property, all tenant improvements installed at the Premises by Landlord or Tenant, Tenant’s 's trade fixtures and other property. Such By way of example and not limitation, such policies shall provide protection against any peril included within the classification “"fire and extended coverage,” or “special form coverage” " against vandalism and malicious mischief, theft, sprinkler leakage, leakage and earthquake damage and flood damage. If this Lease is terminated as the result of a casualty in accordance with Section 9, the proceeds of said insurance attributable to the replacement of all tenant improvements made by or on behalf of Tenant at the Premises shall which were paid for by Landlord shall, if permitted by Tenant’s insurance company, be paid to Landlord (otherwise Tenant shall turn over the insurance proceeds attributable to tenant improvements at the Premises which were paid for by Landlord to Landlord promptly following Tenant’s receipt of such insurance proceeds from Tenant’s insurance company). If insurance proceeds are available to repair the tenant improvements, at Landlord's option, all insurance proceeds Tenant is entitled to receive to repair the tenant improvements shall, to the extent permitted by the insurance company, be paid by the insurance company directly to Landlord. Landlord shall select the contractor to repair and/or replace the tenant improvements, and Landlord shall cause the tenant improvements to be repaired and/or replaced in a timely manner to the extent insurance proceeds are available.
(c) Tenant shall, at all times during the term Term hereof, maintain in effect workers’ ' compensation insurance as required by applicable law (but not less than $1,000,000) and business interruption and extra expense insurance satisfactory to Landlord. In addition, Tenant shall maintain in effect during the Term hereof a policy of automobile liability insurance with combined single limit of $1,000,000.00.
(d) From time to time, upon not less than thirty (30) days prior written notice to Tenant, Landlord may require Tenant to carry such additional insurance or higher coverage amounts as landlords of comparable buildings in the geographical area of the Property are requiring of their tenants.
Appears in 1 contract
Insurance-Tenant. (a) Tenant shall obtain and keep in force during the term Term of this Lease a commercial general liability policy of insurance with coverages reasonably acceptable to Landlord, whichin Landlord's sole, but reasonable, discretion, which by way of example and not limitation, protect protects Tenant and Landlord, any lender of Landlord and such other persons (as Landlord may reasonably request as an additional insureds, insured) against claims for bodily injury, personal injury and property damage based upon, involving or arising out of the ownership, use, occupancy or maintenance of the Premises and all areas appurtenant thereto. Such insurance shall be on an occurrence basis providing single limit coverage in an amount of not less than $2,000,000 One Million Dollars ($ 1,000,000) per occurrence with an “"Additional Insured-Managers and Landlords of Premises Endorsement” " and contain the “"Amendment of the Pollution Exclusion” " for damage caused by heat, smoke or fumes from a hostile fire. The policy shall not contain any intra-insured exclusions as between insured persons or organizations, but shall include coverage for liability assumed under this Lease as an “"insured contract” and " for the performance of Tenant’s 's indemnity obligations under this Lease. In addition, as Tenant covenants to keep in place blanket "umbrella" insurance policies covering the same may be amended or modified from time to timerisks enumerated in this subsection (a) in the amount of Ten Million Dollars ($10,000,000.00).
(b) Tenant shall obtain and keep in force during the term Term of this Lease all-risk "all risk" extended coverage (i.e., so-called “special form”) property insurance with coverages acceptable to Landlord, in Landlord’s sole 's sole, but reasonable, discretion. Said insurance shall be written on a one hundred percent (100%) replacement cost basis on Tenant’s 's personal property, all tenant improvements installed at the Premises by Landlord or Tenant, Tenant’s 's trade fixtures and other property. Such By way of example and not limitation, such policies shall provide protection against any peril included within the classification “"fire and extended coverage,” or “special form coverage” " against vandalism and malicious mischief, theft, sprinkler leakage, earthquake damage and flood damage. If this Lease is terminated as the result of a casualty in accordance with Section 9, the proceeds of said insurance attributable to the replacement of all tenant improvements made by or on behalf of Tenant at the Premises shall be paid to Landlord. If insurance proceeds are available to repair the tenant improvements, at Landlord's option, all insurance proceeds Tenant is entitled to receive to repair the tenant improvements shall be paid by the insurance company directly to Landlord. Landlord shall select the contractor to repair and/or replace the tenant improvements, and Landlord shall cause the tenant improvements to be repaired and/or replaced to the extent insurance proceeds are available.
(c) Tenant shall, at all times during the term Term hereof, maintain in effect workers’ ' compensation insurance as required by applicable law and business interruption and extra expense insurance satisfactory to Landlord.
(d) From time to time, upon not less than thirty (30) days prior written notice to Tenant, Landlord may require Tenant to carry such additional insurance or higher coverage amounts as landlords of comparable buildings in the geographical area of the Property are requiring of their tenants.
Appears in 1 contract
Insurance-Tenant. (a) Tenant shall obtain and keep in force maintain at all times during the term Term of this Lease a commercial general liability policy of insurance with coverages reasonably acceptable to Landlord, which, which by way of example and not limitation, protect protects Tenant and Landlord, any lender of Landlord and such other persons (as Landlord may reasonably request as an additional insureds, insured) against claims for bodily injury, personal injury and property damage based upon, involving or arising out of the ownership, use, occupancy or maintenance of the Premises and all areas appurtenant thereto. Such insurance shall be on an occurrence basis providing single limit coverage in an amount of not less than Two Million Dollars ($2,000,000 2,000,000) per occurrence with an “"Additional Insured-Managers and Landlords of Premises Endorsement” " and contain the “"Amendment of the Pollution Exclusion” " for damage caused by heat, smoke or fumes from a hostile fire. The policy shall not contain any intra-insured exclusions as between insured persons or organizations, but shall include coverage for liability assumed under this Lease as an “"insured contract” and " for the performance of Tenant’s 's indemnity obligations under this Lease. If, as in the same may be amended opinion of the insurance broker retained by Landlord, the amount of public liability or modified from property damage insurance coverage at any time to time.
(b) during the Term is not adequate, Tenant shall increase the insurance coverage as required by Landlord’s insurance broker. In no event shall the limits of such policy be considered as limiting the liability of Tenant under this Lease. Tenant may also obtain and keep in force during the term Term of this Lease all-risk "all risk" extended coverage (i.e., so-called “special form”) property insurance with coverages acceptable to Landlord, in Landlord’s sole discretion. Said insurance shall be written on a one hundred percent (100%) replacement cost basis on Tenant’s 's personal property, all tenant improvements installed at the Premises by Landlord or Tenant and Tenant, Tenant’s 's trade fixtures and other propertyproperty (collectively, “Tenant’s Personal Property”). Such policies Tenant expressly acknowledges and agrees that in the event its insurance policy fails to cover any of Tenant’s Personal Property or excludes coverage for flood, earthquake, windstorm or any other peril, that neither Tenant nor its insurance company shall provide protection have any right or claim against any peril included within the classification “fire and extended coverage,” Landlord or “special form coverage” against vandalism and malicious mischief, theft, sprinkler leakage, earthquake damage and flood damage. If this Lease is terminated its insurance company as the a result of a casualty in accordance with Section 9, the proceeds of said insurance attributable to the replacement of all tenant improvements made by or on behalf of Tenant at the Premises shall be paid to Landlord.
(c) Tenant shall, at all times during the term hereof, maintain in effect workers’ compensation insurance as required by applicable law and business interruption and extra expense insurance satisfactory to Landlord.
(d) From time to time, upon not less than thirty (30) days prior written notice damage to Tenant, Landlord may require Tenant to carry 's Personal Property resulting from such additional insurance failure of coverage or higher coverage amounts as landlords of comparable buildings in the geographical area of the Property are requiring of their tenantsexcluded peril.
Appears in 1 contract
Samples: Office Lease (Vector Group LTD)
Insurance-Tenant. (a) During the Term of the Lease and at such other times as Tenant occupies the Premises, Tenant shall obtain and keep in force during the term of this Lease a at its expense "commercial general liability policy liability" insurance including an ISO broad form endorsement or its equivalent with respect to the Premises with limits of insurance with coverages reasonably acceptable to Landlord, which, by way of example and not limitation, protect Tenant and Landlord, any lender of Landlord and less than One Million Dollars ($1,000,000) combined single limit or such other persons higher amount as Landlord may reasonably request as additional insureds, against claims for bodily injury, personal injury and property damage based upon, involving or arising out of the ownership, use, occupancy or maintenance of the Premises and all areas appurtenant thereto. Such insurance shall be on an occurrence basis providing single limit coverage require in an amount not less than $2,000,000 per occurrence with an “Additional Insured-Managers and Landlords of Premises Endorsement” and contain the “Amendment of the Pollution Exclusion” for damage caused by heat, smoke or fumes from a hostile fire. The policy shall not contain any intra-insured exclusions as between insured persons or organizations, but shall include coverage for liability assumed under this Lease as an “insured contract” and for the performance of Tenant’s indemnity obligations under this Lease, as the same may be amended or modified writing from time to time. The insurance shall cover liability arising out of Tenant's operations and liability arising out of work performed at the Premises by other persons on behalf of Tenant, and shall specifically include the contractual liability assumed by Tenant under this Lease. Such coverage, if written on a claims-made basis, must provide for a retroactive date which is prior to the date Tenant occupies the Premises, and the same retroactive date shall continue during the entire Term of this Lease.
(b) Tenant shall obtain and keep in force during the term of this Lease all-risk will also maintain "all risk" extended coverage (i.e., so-called “special form”) property insurance with coverages acceptable to Landlord, in Landlord’s sole discretion. Said insurance shall be written on a one hundred percent (100%) replacement cost basis on Tenant’s 's personal property, all tenant improvements installed at the Premises by Landlord or Tenant, Tenant’s 's trade fixtures and other property. Such policies shall provide protection against any peril included within the classification “"fire and extended coverage,” or “special form coverage” " against vandalism and malicious mischief, theft, theft and sprinkler leakage, earthquake damage and flood damage. If this Lease is terminated as the result of a casualty in accordance with Section 9, the proceeds of said insurance attributable to the replacement of all tenant improvements made by or on behalf of Tenant at the Premises shall be paid to Landlord.
(c) Tenant shall, at all times during the term Term hereof, maintain in effect workers’ ' compensation insurance as required by applicable law and business interruption and extra expense insurance satisfactory to Landlordinsurance.
(d) From time to time, upon not less than thirty (30) days prior written notice to Tenant, Landlord may require Tenant to carry such additional insurance or higher coverage amounts as landlords of comparable buildings in the geographical area of the Property are requiring of their tenants.
Appears in 1 contract
Samples: Deed of Lease (Jaymark Inc)
Insurance-Tenant. (a) Tenant shall obtain and keep in force during the term of this Lease a commercial general liability policy of insurance with coverages reasonably acceptable to Landlord, in Landlord’s reasonable discretion, which, by way of example and not limitation, protect protects Tenant and Landlord, any lender of Landlord and such other persons (as Landlord may reasonably request as an additional insureds, insured) against claims for bodily injury, personal injury and property damage based upon, involving or arising out of the ownership, use, occupancy or maintenance of the Premises and all areas appurtenant thereto. Such insurance shall be on an occurrence basis providing single limit coverage in an amount not less than $2,000,000 per occurrence and not less than $3,000,000 in the aggregate with an “Additional Insured-Managers and Landlords of Premises Endorsement” and contain the “Amendment of the Pollution Exclusion” for damage caused by heat, smoke or fumes from a hostile fire. The policy shall not contain any intra-insured exclusions as between insured persons or organizations, but shall include coverage for liability assumed under this Lease as an “insured contract” and for the performance of Tenant’s indemnity obligations under this Lease, as the same may be amended or modified from time to time.
(b) Tenant shall obtain and keep in force during the term of this Lease all-risk “Causes of Loss – Special Form” extended coverage (i.e., so-called “special form”) property insurance (previously known as “all risk” property insurance) with coverages acceptable to Landlord, in Landlord’s sole reasonable discretion. Said insurance shall be written on a one hundred percent (100%) replacement cost basis on Tenant’s personal property, all tenant improvements installed at the Premises by Landlord or Tenant, Tenant’s trade fixtures and other property. Such By way of example, and not limitation, such policies shall provide protection against any peril included within the classification “fire and extended coverage,” or “special form coverage” against vandalism and malicious mischief, theft, theft and sprinkler leakage. Tenant’s policy shall include endorsements to insure Tenant against losses to valuable papers, records and computer equipment and to compensate Tenant for the cost of recovering lost data. To the extent that Tenant’s policy covers tenant improvements to the Premises, Landlord shall be a loss payee on such policy. Tenant shall also obtain earthquake damage insurance, and if the Project is in Flood Zone A or V, Tenant shall obtain flood damageinsurance, and the terms of such insurance policies shall be reasonably acceptable to Landlord. If this Lease is terminated as the result of a casualty in accordance with Section 9, the proceeds of said insurance attributable to the replacement of all tenant improvements made by or on behalf of Tenant at the Premises shall be paid to Landlord. If insurance proceeds are available to repair the tenant improvements, at Landlord’s option, all insurance proceeds Tenant is entitled to receive to repair the tenant improvements shall be paid by the insurance company directly to Landlord, Landlord shall select the contractor to repair and/or replace the tenant improvements, and Landlord shall cause the tenant improvements to be repaired and/or replaced to the extent insurance proceeds are available.
(c) Tenant shall, at all times during the term hereof, maintain in effect the following insurance with coverages reasonably acceptable to Landlord: (i) workers’ compensation insurance as required by applicable law law, (ii) employers liability insurance with limits of at least $1,000,000 per occurrence, (iii) automobile liability insurance for owned, non-owned and hired vehicles with limits of at least $1,000,000 per occurrence and (iv) business interruption and extra expense insurance. In addition to the insurance satisfactory to Landlord.
required in (di), (ii), (iii) From time to time, upon not less than thirty and (30iv) days prior written notice to Tenantabove, Landlord may shall have the right to require Tenant to carry increase the limits of its insurance and/or obtain such additional insurance or higher coverage amounts as is customarily required by landlords of comparable buildings owning similar real property in the geographical area of the Property are requiring of their tenantsProject.
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Insurance-Tenant. Tenant shall, during the Lease Term, keep in full force and effect policies of public liability insurance (a) with contractual liability endorsement covering the matters set forth in Section 10.01 above), in companies and in a form acceptable to Landlord with respect to the Leased Premises and the business operated by Tenant and/or any subtenants of Tenant in the Leased Premises, in which both Landlord and Tenant shall obtain be named as parties covered thereby, and keep in force during the term which limits of this Lease a commercial general liability policy of insurance with coverages reasonably acceptable for injury or death to Landlord, which, by way of example and not limitation, protect Tenant and Landlord, any lender of Landlord and such other persons as Landlord may reasonably request as additional insureds, against claims for bodily injury, personal injury and property damage based upon, involving or arising out of the ownership, use, occupancy or maintenance of the Premises and all areas appurtenant thereto. Such insurance one person shall be on an occurrence basis providing single limit coverage in an amount of not less than One Million Dollars ($2,000,000 per occurrence with 1,000,000.00), and for injury or death of more than one person in any one accident in an “Additional Insured-Managers amount of not less than One Million Dollars ($1,000,000.00), and Landlords of Premises Endorsement” and contain the “Amendment of the Pollution Exclusion” for damage caused by heatto property in an amount of not less than Two Hundred Fifty Thousand Dollars ($250,000.00). Tenant shall, smoke or fumes from a hostile fire. The policy shall not contain any intra-insured exclusions as between insured persons or organizationsat its own expense, but shall include coverage for liability assumed under this Lease as an “insured contract” and for the performance of Tenant’s indemnity obligations under this Lease, as the same may be amended or modified from time to time.
(b) Tenant shall obtain and also keep in full force during the term and effect policies of this Lease all-risk extended coverage (i.e.plate glass insurance, so-called “special form”) property insurance with coverages acceptable to Landlordif plate glass is a part of Leased Premises, in Landlord’s sole discretion. Said insurance shall be written on a one hundred percent (100%) replacement cost basis on Tenant’s personal property, all tenant improvements installed at the Premises by Landlord or Tenant, Tenant’s trade fixtures and other property. Such policies shall provide protection against any peril included within the classification “fire and extended coverage,” , vandalism, malicious mischief and special extended coverage insurance in any amount adequate to cover the cost or “special form coverage” against vandalism and malicious mischief, theft, sprinkler leakage, earthquake damage and flood damage. If this Lease is terminated as the result of a casualty in accordance with Section 9, the proceeds of said insurance attributable to the replacement of all tenant alterations, changes, decorations, additions, fixtures, and other improvements made in the Leased Premises in the event of a loss, in companies, and in form acceptable to Landlord. The insurance which Tenant agrees to carry in this Section shall insure the full insurable value of all such improvements installed in the Leased Premises, on a reproduction cost basis, whether the same have been paid for entirely or partially by Tenant. Landlord and other tenants and occupants shall not be liable for any damage by fire or on behalf of other casualty with respect to such improvements, no matter how caused, it being understood that Tenant at the Premises will look solely to its insurers for reimbursement. All insurance provided by Tenant as required in this Section 10.04 shall be paid carried in favor of Landlord and Tenant, as their respective interests may appear. Tenant shall upon request furnish Landlord with certificates of insurance, and all such insurance shall carry a provision providing that it will not be subject to Landlord.
cancellation, termination, or change except after at least ten (c) Tenant shall, at all times during the term hereof, maintain in effect workers’ compensation insurance as required by applicable law and business interruption and extra expense insurance satisfactory to Landlord.
(d) From time to time, upon not less than thirty (3010) days prior written notice to TenantLandlord. If Tenant fails to comply with the above requirements, Landlord may require obtain such insurance and keep same in effect, and Tenant to carry such additional insurance or higher coverage amounts as landlords of comparable buildings in the geographical area of the Property are requiring of their tenantsshall pay Landlord all premium costs thereof upon demand.
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Insurance-Tenant. (a) Tenant shall obtain and keep in force during the term of this Lease a commercial general liability policy of insurance with coverages reasonably acceptable to Landlord, in Landlord's reasonable discretion, which, by way of example and not limitation, protect protects Tenant and Landlord, any lender of Landlord and such other persons (as Landlord may reasonably request as an additional insureds, insured) against claims for bodily injury, personal injury and property damage based upon, involving or arising out of the ownership, use, occupancy or maintenance of the Premises and all areas appurtenant thereto. Such insurance shall be on an occurrence basis providing single single-limit coverage in an amount not less than $2,000,000 per occurrence with an “"Additional Insured-Managers and Landlords of Premises Endorsement” " and contain the “"Amendment of the Pollution Exclusion” " for damage caused by heat, smoke or fumes from a hostile fire. The policy shall not contain any intra-insured exclusions as between insured persons or organizations, but shall include coverage for liability assumed under this Lease as an “"insured contract” and " for the performance of Tenant’s 's indemnity obligations under this Lease, as the same may be amended or modified from time to time.
(b) Tenant shall obtain and keep in force during the term of this Lease "all-risk risk" extended coverage (i.e., so-called “special form”) property insurance with coverages acceptable to Landlord, in Landlord’s sole 's reasonable discretion. Said insurance shall be written on a one hundred percent (100%) replacement cost basis on Tenant’s 's personal property, all tenant improvements installed at the Premises by Landlord or Tenant, Tenant’s 's trade fixtures and other property. Such By way of example, and not limitation, such policies shall provide protection against any peril included within the classification “"fire and extended coverage,” or “special form coverage” " against vandalism and malicious mischief, theft, sprinkler leakage, earthquake damage and flood damage. If this Lease is terminated as the result of a casualty in accordance with Section 9, the proceeds of said insurance attributable to the replacement of all tenant improvements made by or on behalf of Tenant at the Premises shall be paid to Landlord.
(c) Tenant shall, at all times during the term hereof, maintain in effect workers’ ' compensation insurance as required by applicable law and business interruption and extra expense insurance reasonably satisfactory to Landlord.
(d) From time to time, upon not less than thirty (30) days prior written notice to Tenant, Landlord may require Tenant to carry such additional insurance or higher coverage amounts as landlords of comparable buildings in the geographical area of the Property are requiring of their tenants.
Appears in 1 contract
Insurance-Tenant. (a) Tenant shall obtain and keep in force during the term Term of this Lease a commercial general liability policy of insurance with coverages reasonably acceptable to Landlord, which, which by way of example and not limitation, protect protects Tenant and Landlord, any lender of Landlord and such other persons (as Landlord may reasonably request as an additional insureds, insured) against claims for bodily injury, personal injury and property damage based upon, involving or arising out of the ownership, use, occupancy or maintenance of the Premises and all areas appurtenant thereto. Such insurance shall be on an occurrence basis providing single limit coverage in an amount of not less than Three Million Dollars ($2,000,000 per occurrence 3,000,000) combined single limit with an “"Additional Insured-Managers and Landlords of Premises Endorsement” ". A combination of a general liability policy and contain the “Amendment of the Pollution Exclusion” for damage caused by heat, smoke an umbrella policy or fumes from a hostile fireexcess liability policy may be used to satisfy this limit. The policy shall not contain any intra-insured exclusions as between insured persons or organizations, but shall include coverage for liability assumed under this Lease as an “"insured contract” and " for the performance of Tenant’s 's indemnity obligations under this Lease, as the same may be amended or modified from time to time.
(b) Tenant shall obtain and keep in force during the term of this Lease all-risk will also maintain "all risk" extended coverage (i.e., so-called “special form”) property insurance with coverages reasonably acceptable to Landlord, in Landlord’s sole discretion. Said insurance shall be written on a one hundred percent (100%) replacement cost basis on Tenant’s 's personal property, all tenant improvements installed at the Premises by Landlord or Tenant, Tenant’s 's trade fixtures and other property. Such policies shall provide protection against any peril included within the classification “"fire and extended coverage,” or “special form coverage” " against vandalism and malicious mischief, theft, sprinkler leakage, earthquake damage leakage and flood damage. If this Lease is terminated as the result of a casualty in accordance with Section 910, the proceeds of said insurance attributable to the replacement of all tenant improvements made by or on behalf of Tenant at the Premises shall be paid to Landlord. If insurance proceeds are available to repair the tenant improvements, Landlord shall be named as a loss-payee with respect to all tenant improvements, alterations or betterments covered by Tenant’s casualty insurance policies, and, at Landlord's option, all insurance proceeds Tenant is entitled to receive to repair the tenant improvements shall be paid by the insurance company directly to Landlord. Landlord shall select the contractor to repair and/or replace the tenant improvements, and Landlord shall cause the tenant improvements to be repaired and/or replaced to the extent insurance proceeds are available.
(c) Tenant shall, at all times during the term Term hereof, maintain in effect workers’ ' compensation insurance as required by applicable law (with employer’s liability insurance of not less than $1,000,000) and business interruption and extra expense insurance satisfactory to Landlord. In addition, Tenant shall maintain in effect during the Term hereof a policy of automobile liability insurance with bodily injury limits of $500,000 per person, $1,000,000 per accident, and $100,000 per accident for property damage.
(d) From time to time, upon not less than thirty (30) days prior written notice to Tenant, Landlord may require Tenant to carry such additional insurance or higher coverage amounts as landlords of comparable buildings in the geographical area of the Property are requiring of their tenants.
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Insurance-Tenant. (a) Tenant shall obtain and keep in force during the term Term of this Lease a commercial general liability policy of insurance with coverages reasonably acceptable to Landlord, which, which by way of example and not limitation, protect protects Tenant and Landlord, any lender of Landlord and such other persons (as Landlord may reasonably request as an additional insureds, insured) against claims for bodily injury, personal injury and property damage based upon, involving or arising out of the ownership, use, occupancy or maintenance of the Premises and all areas appurtenant thereto. Such insurance shall be on an occurrence basis providing single limit coverage in an amount of not less than Three Million Dollars ($2,000,000 per occurrence 3,000,000) combined single limit with an “Additional Insured-Managers and Landlords of Premises Endorsement” and contain the “Amendment of the Pollution Exclusion” for damage caused by heat, smoke or fumes from a hostile fire. The policy shall not contain any intra-insured exclusions as between insured persons or organizations, but shall include coverage for liability assumed under this Lease as an “insured contract” and for the performance of Tenant’s indemnity obligations under this Lease, as the same may be amended or modified from time to time.
(b) Tenant shall obtain and keep in force during the term Term of this Lease all-risk “all risk” extended coverage (i.e., so-called “special form”) property insurance with coverages reasonably acceptable to Landlord, in Landlord’s sole discretion. Said insurance shall be written on a one hundred percent (100%) replacement cost basis on Tenant’s personal property, all tenant improvements installed at the Premises by Landlord or Tenant, Tenant’s trade fixtures and other property. Such By way of example and not limitation, such policies shall provide protection against any peril included within the classification “fire and extended coverage,” or “special form coverage” against vandalism and malicious mischief, theft, sprinkler leakage, earthquake damage leakage and flood damage. If this Lease is terminated as the result of a casualty in accordance with Section 9, the proceeds of said insurance attributable to the replacement of all tenant improvements made by or on behalf of Tenant at the Premises shall be paid to Landlord. If insurance proceeds are available to repair the tenant improvements, at Landlord’s option, all insurance proceeds Tenant is entitled to receive to repair the tenant improvements shall be paid by the insurance company directly to Landlord. Landlord shall select the contractor to repair and/or replace the tenant improvements, and Landlord shall cause the tenant improvements to be repaired and/or replaced to the extent insurance proceeds are available.
(c) Tenant shall, at all times during the term Term hereof, maintain in effect workers’ compensation insurance as required by applicable law (together with employers liability insurance of not less than $1,000,000) and business interruption and extra expense insurance satisfactory to Landlord. In addition, Tenant shall maintain in effect during the Term hereof a policy of automobile liability insurance with bodily injury limits of $500,000 per person, $1,000,000 per accident, and $100,000 per accident for property damage.
(d) From time to time, upon not less than thirty (30) days prior written notice to Tenant, Landlord may require Tenant to carry such additional insurance or higher coverage amounts as landlords of comparable buildings in the geographical area of the Property are requiring of their tenants.
Appears in 1 contract
Insurance-Tenant. (a) Tenant shall obtain and keep in force during the term of this Lease a commercial general liability policy of insurance with coverages reasonably acceptable to Landlord, in Landlord’s reasonable discretion, which, by way of example and not limitation, protect Tenant and Landlord, any lender of Landlord and such other persons as Landlord may reasonably request as additional insureds, against claims for bodily injury, personal injury and property damage based upon, involving or arising out of the ownership, use, occupancy or maintenance of the Premises and all areas appurtenant thereto. Such insurance shall be on an occurrence basis providing single limit coverage in an amount not less than $2,000,000 per occurrence with an “Additional Insured-Managers and Landlords of Premises Endorsement” and contain the “Amendment of the Pollution Exclusion” for damage caused by heat, smoke or fumes from a hostile fire. The policy shall not contain any intra-insured exclusions as between insured persons or organizations, but shall include coverage for liability assumed under this Lease as an “insured contract” and for the performance of Tenant’s indemnity obligations under this Lease, as the same may be amended or modified from time to time.
(b) Tenant shall obtain and keep in force during the term of this Lease all-risk extended coverage (i.e., so-called “special form”) property insurance with coverages acceptable to Landlord, in Landlord’s sole reasonable discretion. Said insurance shall be written on a one hundred percent (100%) replacement cost basis on Tenant’s personal property, all tenant improvements installed at the Premises by Landlord Tenant or on Tenant’s behalf, Tenant’s trade fixtures and other property. Such policies shall provide protection against any peril included within the classification “fire and extended coverage,” or “special form coverage” against vandalism and malicious mischief, theft, sprinkler leakage, earthquake damage and flood damage. If this Lease is terminated as the result of a casualty in accordance with Section 9, the proceeds of said insurance attributable to the replacement of all Landlord’s Work and other tenant improvements made by or on behalf of Tenant (excluding Tenant’s trade fixtures, equipment and furniture) at the Premises shall be paid to Landlord.
(c) Tenant shall, at all times during the term hereof, maintain in effect workers’ compensation insurance as required by applicable law and business interruption and extra expense insurance satisfactory to Landlordlaw.
(d) From time to time, upon not less than thirty (30) days prior written notice to Tenant, Landlord may require Tenant to carry such additional insurance or higher coverage amounts as landlords of comparable buildings in the geographical area of the Property are requiring of their tenants.
Appears in 1 contract
Samples: Lease Agreement (Oxigene Inc)
Insurance-Tenant. (a) Tenant shall obtain and keep in force during the term of this Lease a commercial general liability policy of insurance with coverages reasonably acceptable to Landlord, which, by way of example and not limitation, protect protects Tenant and Landlord, any lender of Landlord and such other persons (as Landlord may reasonably request as an additional insureds, insured) against claims for bodily injury, personal injury and property damage based upon, involving or arising out of the ownership, use, occupancy or maintenance of the Premises and all areas appurtenant thereto. Such insurance shall be on an occurrence basis providing single limit coverage in an amount not less than $2,000,000 per occurrence with an “"Additional Insured-Managers and Landlords of Premises Endorsement” " and contain the “"Amendment of the Pollution Exclusion” " for damage caused by heat, smoke or fumes from a hostile fire. The policy shall not contain any intra-insured exclusions as between insured persons or organizations, but shall include coverage for liability assumed under this Lease as an “"insured contract” and " for the performance of Tenant’s 's indemnity obligations under this Lease, as the same may be amended or modified from time to time.
(b) Tenant shall obtain and keep in force during the term of this Lease all-risk "all risk" extended coverage (i.e., so-called “special form”) property insurance with coverages reasonably acceptable to Landlord, in Landlord’s sole discretion. Said insurance shall be written on a one hundred percent (100%) replacement cost basis on Tenant’s 's personal property, all tenant improvements installed at the Premises by Landlord or Tenant, Tenant’s 's trade fixtures and other property. Such By way of example, and not limitation, such policies shall provide protection against any peril included within the classification “"fire and extended coverage,” or “special form coverage” " against vandalism and malicious mischief, theft, sprinkler leakage, earthquake damage and flood damage. If this Lease is terminated as the result of a casualty in accordance with Section section 9, the proceeds of said insurance attributable to the replacement of all tenant improvements made by or on behalf of Tenant at the Premises shall be paid to Landlord. If insurance proceeds are available to repair the tenant improvements, at Landlord's option, all insurance proceeds Tenant is entitled to receive to repair the tenant improvements shall be paid by the insurance company directly to Landlord, Landlord shall select the contractor to repair and/or replace the tenant improvements, and Landlord shall cause the tenant improvements to be repaired and/or replaced to the extent insurance proceeds are available.
(c) Tenant shall, at all times during the term hereof, maintain in effect workers’ ' compensation insurance as required by applicable law and business interruption and extra expense insurance reasonably satisfactory to Landlord.
(d) From time to time, upon not less than thirty (30) days prior written notice to Tenant, Landlord may require Tenant to carry such additional insurance or higher coverage amounts as landlords of comparable buildings in the geographical area of the Property are requiring of their tenants.
Appears in 1 contract
Samples: Lease Agreement (Noosh Inc)