Landlord Insurance Requirements. Landlord shall, at ------------------------------- all times during the term of this Lease, secure and maintain:
(a) All risk property insurance coverage for any building or improvement on the Property except those required to be insured by Tenant hereunder in an amount not less than the full replacement cost. Neither party shall be obligated to insure any furniture, equipment, trade fixtures, machinery, goods, or supplies which the other party may keep or maintain in the portion of the Property occupied by such party, or any alteration, addition or improvement which the other party may make upon the portion of the Property occupied by such party. If the annual cost to Landlord for such insurance exceeds the standard rates because of any material change in the nature of Tenant's operations, Tenant shall, upon the receipt of appropriate invoices, reimburse Landlord for such increased cost.
(b) Commercial general liability insurance, including contractual liability, broad form property damage liability, fire legal liability, premises and completed operations, and medical payments, with limits not less than one million dollars ($1,000,000) per occurrence and aggregate, insuring against claims for bodily injury, personal injury and property damage arising from the use, occupancy or maintenance of the Premises and the Property. The policy shall contain an exception to any pollution exclusion which insures damage or injury arising out of heat, smoke or fumes from a hostile fire. Any general aggregate shall apply on a per location basis. Such insurance shall be in addition to, and not in lieu of, insurance required to be maintained by Tenant.
(c) Landlord shall maintain business auto liability insurance within limits not less than one million dollars ($1,000,000) per accident covering owned, hired and non-owned vehicles used by Landlord. Landlord shall maintain umbrella excess liability insurance on a following form basis in excess of the required commercial general liability, business auto and employers liability insurance with limits not less than five million dollars ($5,000,000) per occurrence and aggregate. Landlord shall carry worker's compensation insurance for all of its employees in statutory limits in the state in which the Property is located and employer's liability insurance which afford not less than five hundred thousand dollars ($500,000) for each coverage.
(d) All insurance and all renewals thereof required to be obtained by Landlord hereunder sh...
Landlord Insurance Requirements. Landlord shall, at all times during the term of this Lease, secure and maintain:
(a) All risk property insurance coverage on the Property. Landlord shall not be obligated to insure any furniture, equipment, trade fixtures, machinery, goods, or supplies which Tenant may keep or maintain in the Premises or any alteration, addition or improvement which Tenant may have made or may make upon the Premises. In addition, Landlord may secure and maintain rental income insurance and any other insurance coverage required to be maintained by any mortgagee of the property. The annual cost to Landlord for such property or rental income insurance, whether or not it exceeds the standard rates because of the nature of Tenant’s operations, shall be includable in the Triple Net Charges and may be invoiced separately to Tenant as an item of additional rent, due upon delivery of such invoice in each instance.
(b) Commercial general liability insurance with limits not less than $5,000,000 per occurrence and aggregate, which may be satisfied through an umbrella policy. Such insurance shall be in addition to, and not in lieu of, insurance required to be maintained by Tenant. Tenant shall not be named as an additional insured on any policy of liability insurance maintained by Landlord. The annual cost to Landlord for such commercial general liability insurance, whether or not it exceeds the standard rates because of the nature of Tenant’s operations, shall be includable in the Triple Net Charges and may be invoiced separately to Tenant as an item of additional rent, due upon delivery of such invoice in each instance.
Landlord Insurance Requirements. Landlord shall, at all times during the term of this Lease, secure and maintain:
(a) All risk property insurance coverage on the Property. Landlord shall not be obligated to insure any furniture, equipment, trade fixtures, machinery, goods, or supplies which Tenant may keep or maintain in the Premises or any alteration, addition or improvement which Tenant may make upon the Premises. In addition Landlord shall secure and maintain rental income insurance and any other insurance coverage required to be maintained by any mortgagee of the property. If the annual cost to Landlord for such property or rental income insurance exceeds the standard rates because of the nature of Tenant's operations. Tenant shall, upon the receipt of appropriate invoices, reimburse Landlord for such increased cost.
(b) Commercial general liability insurance with limits not less than $5,000,000 per occurrence and aggregate. Such insurance shall be in addition to. and not in lieu of insurance required to be maintained by Tenant. Tenant shall not be named as an additional insured on any policy of liability insurance maintained by Landlord. ARTICLE9 Assignment or Sublease
Landlord Insurance Requirements. Landlord shall, at all times during the term of this Lease, secure and maintain:
(a) All risk property insurance coverage on the Property. Landlord shall not be obligated to insure any furniture, equipment, trade fixtures, machinery, goods, or supplies which Tenant may keep or maintain in the Premises or any alteration, addition or improvement which Tenant may make upon the Premises. In addition, Landlord shall secure and maintain rental income insurance. Landlord may elect to self-insure for the coverage's required under this Section 8.5. If the annual cost to Landlord for such property or rental income insurance exceeds the standard rates because of the nature of Tenant's operations, Tenant shall, upon the receipt of appropriate invoices, reimburse Landlord for such increased cost.
(b) Commercial general liability insurance with limits not less than 55,000,000 per occurrence and aggregate. Such insurance shall be in addition to, and not in lieu of, insurance required to be maintained by Tenant. Landlord may elect to self-insure for this coverage. Tenant shall not be named as an additional insured on any policy of liability insurance maintained by Landlord.
Landlord Insurance Requirements. Landlord shall maintain in full force and effect at least the following:
(i) Special Form insurance on the Office Building in an amount equal to the actual cash replacement value without depreciation of the building(s);
(ii) Commercial General Liability insurance for the common areas, in limits of not less than $1,000,000 comprehensive general liability (primary coverage) and $5,000,000 additional liability (umbrella coverage) to protect Landlord against all claims, actions, damages, losses, liability and expenses resulting from the use of the common areas; and
(iii) rent insurance covering Landlord's loss of rent in the event of any damages or destruction to the Office Building wherein an abatement of rent is permitted under this Lease.
Landlord Insurance Requirements. Landlord shall maintain (a) “all-risk” property insurance covering the Entire Property (at its full replacement cost), but excluding Tenant’s trade fixtures and personal property, and (b) commercial general public liability insurance covering Landlord for claims arising out of liability for bodily injury, death, personal injury, advertising injury and property damage occurring in and about the Entire Property and otherwise resulting from any acts and operations of Landlord, its agents and employees, in the amount of not less than One Million Dollars ($1,000,000.00) per occurrence and Five Million Dollars ($5,000,000.00) annual general aggregate, and (c) rent loss insurance, with limits that are required by any lender(s) of Landlord, including Lender, or as are otherwise reasonably determined by Landlord. Landlord shall deliver to Tenant promptly after the execution and delivery of this Lease, certificates of insurance reasonably satisfactory to Tenant, evidencing the insurance which is required to be maintained by Landlord hereunder, and Landlord shall, within thirty (30) days after the expiration of any such insurance, deliver additional certificates of insurance evidencing the renewal of such insurance. In addition, throughout the construction of the Improvements, Landlord will provide builder’s risk insurance relating to the construction of the Improvements in accordance with, and as specified in, the Work Letter.
Landlord Insurance Requirements. During the Initial Term, Landlord, at its sole cost and expense, shall maintain the All-Risk Insurance in full force and effect.
Landlord Insurance Requirements. Landlord shall be responsible for the following Insurance and Insurance costs:
14.1 Landlord agrees to carry, maintain and pay during the Term all risk property insurance covering, fire and extended coverage, vandalism and malicious mischief, sprinkler leakage and all other perils of direct physical loss or damage for at least 100% of the replacement value of the Center, the improvements and betterments located in the Center.
Landlord Insurance Requirements. Landlord shall insure the Building against damage with casualty and commercial general public liability insurance, all in such amounts and with such deductible as Landlord reasonably deems appropriate provided such coverages and amounts shall be consistent with insurance maintained by other landlords in similar office buildings in the Naperville, Illinois area. Such insurance shall include “All Risk” property insurance on the Project (exclusive of leasehold improvements) against damages or loss in an amount equal to the full replacement value. Notwithstanding any contribution by Tenant to the cost of insurance premiums, as provided hereinabove, Landlord shall not be required to carry insurance of any kind on Tenant’s Premises Property, and Tenant hereby agrees that Tenant shall have no right to receive any proceeds from any insurance policies carried by Landlord.
Landlord Insurance Requirements. A. At all times during this agreement, Owner must maintain in effect:
1) a public liability insurance policy that names Broker as a co-insured or additional insured and covers losses related to the Property in an amount of not less than $500,000 per occurrence; and
2) an insurance policy for the Property in an amount equal to the reasonable replacement cost of the Property's improvements and that contains endorsements which contemplate the leasing of the Property with vacancies between lease terms.
B. Owner agrees to forever save and indemnify Broker for any damages suffered as a result of any lapse in, failure to maintain, or adequacy of such insurance coverage.
C. Not later than the 15th day after the Commencement Date, Owner must deliver to Broker copies of certificates of insurance evidencing the coverage required under Section 10.A. If the coverage changes at any time during this agreement, Owner must deliver to Broker a copy of the insurance certificate evidencing the change not later than 10 days after the change.
