Common use of Landlord’s Casualty Insurance Clause in Contracts

Landlord’s Casualty Insurance. Landlord shall maintain, or cause to be maintained, a policy or policies of insurance with the premiums thereon fully paid in advance, issued by and binding upon an insurance company of good financial standing, insuring the Project against loss or damage by fire or other insurable hazards (including earthquake loss if Landlord elects to maintain such coverage) and contingencies for the full insurable value thereof or, in the alternative, insuring for one hundred percent (100%) of the replacement cost thereof as determined by Landlord's insurer from time to time (or such minimum amount as shall be required to eliminate operation of coinsurance provisions), exclusive of excavations and foundations or such other coverage as Landlord deems appropriate for the Project. Landlord shall not be obligated to insure any of Tenant's furniture, equipment, machinery, trade-fixtures, personal property, goods or supplies ("Tenant's Personal Property"), or any Tenant Extra Improvements or Alterations that Tenant may make upon the Premises. If the annual premiums paid by Landlord for such casualty insurance exceed the standard premium rates because the nature of Tenant's operations result in extra-hazardous or higher than normal risk exposure, then Tenant shall, within thirty (30) days after receipt of appropriate premium invoices, reimburse Landlord for such increases in premium. All insurance proceeds payable under Xxxxxxxx's insurance carried hereunder shall be payable solely to Landlord and Tenant shall have no interest therein.

Landlord’s Casualty Insurance. Landlord shall maintain, or cause to be ----------------------------- maintained, a policy or policies of insurance with the premiums thereon fully paid in advance, issued by and binding upon an insurance company of good financial standing, insuring the Project against loss or damage by fire or other insurable hazards (including that may include earthquake loss if Landlord elects to maintain such coverage) and contingencies for the full insurable value thereof thereof, or, in the alternative, insuring for one hundred eighty percent (10080%) of the replacement cost thereof as determined by Landlord's insurer from time to time (or such minimum amount as shall be required to eliminate operation of coinsurance provisions), exclusive of excavations and foundations or such other coverage as Landlord deems appropriate for the Project. foundations; provided, however, that Landlord shall not be obligated to insure any of Tenant's furniture, equipment, machinery, trade-fixtures, personal property, goods or supplies ("Tenant's Personal Property"), or any Tenant Extra Improvements or Alterations that Tenant may make upon the Leased Premises. If the annual premiums paid by charged Landlord for such casualty insurance exceed the standard premium rates because the nature of Tenant's operations result in extra-hazardous or higher than normal risk exposure, then Tenant shall, within thirty (30) days after upon receipt of appropriate premium invoices, reimburse Landlord for such increases in premium. All insurance proceeds payable under XxxxxxxxLandlord's insurance carried hereunder shall be payable solely to Landlord Landlord, and Tenant shall have no interest therein.

Landlord’s Casualty Insurance. Landlord shall maintain, or ----------------------------- cause to be maintained, a policy or policies of insurance with the premiums thereon fully paid in advance, issued by and binding upon an insurance company of good financial standing, insuring the Project against loss or damage by fire or other insurable hazards (including that may include earthquake loss if Landlord elects to maintain such coverage) and contingencies for the full insurable value thereof thereof, or, in the alternative, insuring for one hundred eighty percent (10080%) of the replacement cost thereof as determined by Landlord's insurer from time to time (or such minimum amount as shall be required to eliminate operation of coinsurance provisions), exclusive of excavations and foundations or such other coverage as Landlord deems appropriate for the Project. foundations; provided, however, that Landlord shall not be obligated to insure any of Tenant's furniture, equipment, machinery, trade-fixtures, personal property, goods or supplies ("Tenant's Personal Property"), or any Tenant Extra Improvements or Alterations that Tenant may make upon the Leased Premises. If the annual premiums paid by charged Landlord for such casualty insurance exceed the standard premium rates because the nature of Tenant's operations result in extra-hazardous or higher than normal risk exposure, then Tenant shall, within thirty (30) days after upon receipt of appropriate premium invoices, reimburse Landlord for such increases in premium. All insurance proceeds payable under XxxxxxxxLandlord's insurance carried hereunder shall be payable solely to Landlord Landlord, and Tenant shall have no interest therein.

Landlord’s Casualty Insurance. Landlord shall maintain, or cause to be maintained, a policy or policies of insurance with the premiums thereon fully paid in advance, issued by and binding upon an insurance company of good financial standing, insuring the Project against loss or damage by fire or other insurable hazards (including earthquake loss if Landlord elects to maintain such coverage) and contingencies for the full insurable value thereof or, in the alternative, insuring for one hundred percent (100%) of the replacement cost thereof as determined by Landlord's insurer from time to time (or such minimum amount as shall be required to eliminate operation of coinsurance provisions), exclusive of excavations and foundations or such other coverage as foundations(as determined by Landlord deems appropriate for the Projectand its insurer from time to time). Landlord shall not be obligated to insure any of Tenant's furniture, equipment, machinery, trade-fixtures, personal property, goods or supplies ("Tenant's Personal Property"), or any Tenant Extra Improvements or Alterations that Tenant may make upon the Premises. If the annual premiums paid by Landlord for such casualty insurance exceed the standard premium rates because the nature of Tenant's operations result in extra-hazardous or higher than normal risk exposure, then Tenant shall, within thirty ten (3010) days after of receipt of appropriate premium invoices, reimburse Landlord for such increases in premium. All insurance proceeds payable under Xxxxxxxx's insurance carried hereunder shall be payable solely to Landlord and Tenant shall have no interest therein.

Landlord’s Casualty Insurance. Landlord shall maintain, or cause to be maintained, a policy or policies of insurance with the premiums thereon fully paid in advance, issued by and binding upon an insurance company of good financial standing, insuring the Project against loss or damage by fire or other insurable hazards (including that may include earthquake loss if Landlord elects to maintain such coverage) and contingencies for the full insurable value thereof thereof, or, in the alternative, insuring for one hundred percent (100%) of the replacement cost thereof as determined by Landlord's insurer from time to time (or such minimum amount as shall be required to eliminate operation of coinsurance provisions)thereof, exclusive of excavations and foundations or such other coverage as Landlord deems appropriate for the Project. foundations; provided, however, that Landlord shall not be obligated to insure any of Tenant's furniture, equipment, machinery, trade-fixtures, personal property, goods or supplies ("Tenant's ’s Personal Property"), or any Tenant Extra Improvements or Alterations that Tenant may make upon the Leased Premises. If the annual premiums paid by charged Landlord for such casualty insurance exceed the standard premium rates because and such excess is attributable to the Alterations or to the particular nature of Tenant's ’s operations in the Leased Premises, including, without limitation, a determination that such operations result in extra-hazardous or higher than normal risk exposure, then Tenant shall, within thirty (30) days after upon receipt of appropriate premium invoices, reimburse Landlord for such increases in premium. All insurance proceeds payable under Xxxxxxxx's Landlord’s insurance carried hereunder shall be payable solely to Landlord Landlord, and Tenant shall have no interest therein. For purposes of clarity, “Tenant Improvements” do not constitute “Alterations” under this Lease.

Landlord’s Casualty Insurance. Landlord shall maintain, or cause to be maintained, a policy or policies of insurance with the premiums thereon fully paid in advance, issued by and binding upon an insurance company of good financial standing, insuring the Project against loss or damage by fire or other insurable hazards (including earthquake loss if Landlord elects to maintain such coverage) and contingencies for the full insurable value thereof or, in the alternative, insuring for one hundred percent (100%) of the replacement cost thereof as determined by Landlord's ’s insurer from time to time (or such minimum amount as shall be required to eliminate operation of coinsurance provisions), exclusive of excavations and foundations or such other coverage as Landlord deems appropriate for the Project. Landlord shall not be obligated to insure any of Tenant's ’s furniture, equipment, machinery, trade-fixtures, personal property, goods or supplies ("“Tenant's ’s Personal Property"”), or any Tenant Extra Improvements or Alterations that Tenant may make upon the Premises. If the annual premiums paid by Landlord for such casualty insurance exceed the standard premium rates because the nature of Tenant's ’s operations result in extra-hazardous or higher than normal risk exposure, then Tenant shall, within thirty (30) days after receipt of appropriate premium invoices, reimburse Landlord for such increases in premium. All insurance proceeds payable under Xxxxxxxx's ’s insurance carried hereunder shall be payable solely to Landlord and Tenant shall have no interest therein.