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 (that may include earthquake loss if Landlord elects to maintain such coverage) and contingencies for the full insurable value thereof, or, in the alternative, insuring for eighty percent (80%) of the replacement cost thereof (or such minimum amount as shall be required to eliminate operation of coinsurance provisions), exclusive of excavations and foundations; provided, however, that Landlord shall not be obligated to insure any of Tenant's furniture, equipment, machinery, trade-fixtures, 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 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, upon receipt of appropriate premium invoices, reimburse Landlord for such increases in premium. All insurance proceeds payable under Landlord'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 (that may include including earthquake loss if Landlord elects to maintain such coverage) and contingencies for the full insurable value thereof, thereof or, in the alternative, insuring for eighty one hundred percent (80100%) 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; provided, however, that 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 Leased Premises. If the annual premiums charged 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, upon within thirty (30) days after receipt of appropriate premium invoices, reimburse Landlord for such increases in premium. All insurance proceeds payable under LandlordXxxxxxxx'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 (that may include earthquake loss if Landlord elects to maintain such coverage) and contingencies for the full insurable value thereof, or, in the alternative, insuring for eighty percent (80%) of the replacement cost thereof (or such minimum amount as shall be required to eliminate operation of coinsurance provisions), exclusive of excavations and foundations; provided, however, that Landlord shall not be obligated to insure any of Tenant's furniture, equipment, machinery, trade-fixtures, 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 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, upon receipt of appropriate premium invoices, reimburse Landlord for such increases in premium. All insurance proceeds payable under Landlord'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 (that may include including earthquake loss if Landlord elects to maintain such coverage) and contingencies for the full insurable value thereof, thereof or, in the alternative, insuring for eighty one hundred percent (80100%) 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; provided, however, that 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 Leased Premises. If the annual premiums charged 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, upon within thirty (30) days after receipt of appropriate premium invoices, reimburse Landlord for such increases in premium. All insurance proceeds payable under Landlord's Xxxxxxxx’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 (that may include including earthquake loss if Landlord elects to maintain such coverage) and contingencies for the full insurable value thereof, thereof or, in the alternative, insuring for eighty one hundred percent (80100%) of the replacement cost thereof (or such minimum amount as shall be required to eliminate operation of coinsurance provisions), exclusive of excavations and foundations; provided, however, that foundations(as determined by Landlord and 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 Leased Premises. If the annual premiums charged 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, upon within ten (10) days of receipt of appropriate premium invoices, reimburse Landlord for such increases in premium. All insurance proceeds payable under LandlordXxxxxxxx'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 (that may include earthquake loss if Landlord elects to maintain such coverage) and contingencies for the full insurable value thereof, or, in the alternative, insuring for eighty one hundred percent (80100%) of the replacement cost thereof (or such minimum amount as shall be required to eliminate operation of coinsurance provisions)thereof, exclusive of excavations and foundations; provided, however, that Landlord shall not be obligated to insure any of Tenant's furniture, equipment, machinery, trade-fixtures, 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 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, upon receipt of appropriate premium invoices, reimburse Landlord for such increases in premium. All insurance proceeds payable under Landlord's ’s insurance carried hereunder shall be payable solely to Landlord, and Tenant shall have no interest therein. For purposes of clarity, “Tenant Improvements” do not constitute “Alterations” under this Lease.