Common use of Interruption of Business Insurance Clause in Contracts

Interruption of Business Insurance. Lessee shall, at its sole cost and expense, maintain business interruption insurance by which the minimum monthly rent will be paid to the City for a period of up to one year if the Premises is destroyed or rendered inaccessible by a risk insured against by a policy of standard fire and extended coverage insurance, with vandalism and malicious mischief endorsements.

Appears in 2 contracts

Samples: Lease Agreement, Lease Agreement

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Interruption of Business Insurance. Tenant/Lessee shall, at its sole cost and expense, maintain business interruption insurance by which the minimum monthly rent will be paid to the City Lessor for a period of up to one (1) year if the Premises is premises are destroyed or rendered inaccessible by a risk insured against by a policy of standard fire and extended coverage insurance, with vandalism and malicious mischief endorsements.

Appears in 1 contract

Samples: Hangar Agreement

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Interruption of Business Insurance. Lessee shall, at its sole cost and expense, maintain business interruption insurance by which the minimum monthly rent will be paid to the City Successor Agency for a period of up to one year if the Premises is destroyed or rendered inaccessible by a risk insured against by a policy of standard fire and extended coverage insurance, with vandalism and malicious mischief endorsements.

Appears in 1 contract

Samples: Lease Agreement

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