Common use of Landlord’s Fire and Casualty Insurance Clause in Contracts

Landlord’s Fire and Casualty Insurance. Property damage insurance covering the Building, the On-Site Parking Area, and the Tenant Improvements and the Alterations (but excluding the value of the Tenant Improvements to the extent such value exceeds the value of the Building standard improvements and excluding Tenant’s “Personal Property,” as that term is defined in Section 15.1, below), and all other improvements in and about the Common Areas in which Landlord may have an insurable interest, providing protection against any peril included within the classification “All Risk” inclusive of standard fire and extended coverage insurance, including endorsements against vandalism, malicious mischief and’ other perils, but excluding, except as set forth below in Section 10.2.3, all in amounts not less than one hundred percent (100%) of their fun replacement cost. Landlord’s policy shall contain at least twelve (12) months of “rental income loss” coverage payable in instances in which Tenant is entitled to Rent abatement hereunder, and shall include (i) an “extended coverage” endorsement, (ii) a “building laws” and/or “law and ordinance” coverage endorsement (which endorsement may, notwithstanding the foregoing provisions of this Section 10.2.1, contain a commercially reasonable sublimit) that covers “costs of demolition,” “increased costs of construction” due to changes in building codes and “contingent liability” with respect to undamaged portions of the Building, and (iii) an “earthquake sprinkler leakage” endorsement, with each such endorsement to be of a kind required by Landlord to assist Landlord in funding its obligations under this Lease to repair and restore the Building, the On-Site Parking Area, the Tenant Improvements, the Alterations and the Common Areas. Such policy shall also contain a “stipulated value” endorsement deleting any co-insurance provisions. In addition, Landlord shall maintain “boiler machinery” coverage (and a joint loss agreement if the boiler machinery coverage is issued by a different insurance company than the basic property insurance).

Landlord’s Fire and Casualty Insurance. Property damage ------------------------------------------ insurance covering the BuildingBuilding (including the Systems and Equipment and the Building telecommunications riser system), the On-Site Parking AreaStructure, and the Tenant Improvements and the Alterations (but excluding the value of the Tenant Improvements to the extent such value exceeds the value of the Building standard improvements and excluding Tenant’s “Personal Property,” as that term is defined in Section 15.1, below), 's personal property) and all other improvements in and about the Common Areas in which Landlord may have an insurable interest, providing protection against any peril included within the classification “All Risk” all risks of physical loss, inclusive of standard fire and extended coverage insurance, including endorsements against vandalism, malicious mischief and’ and other perils, but excluding, except as set forth below in Section 10.2.3SECTION 7.2.3, endorsements against ------------- earthquake, all in amounts not less than one hundred percent (100%) of their fun full replacement costcost valuation from time to time during the Lease Term with deductible amounts which shall not be in excess of the commercially reasonable -30- XXXXXXX XXXXXX CENTER VENTURE, LLC [20th Century Industries; 6303 Owensmouth] deductibles under insurance policies as are carried, generally, by prudent landlords of Comparable Buildings. Landlord’s 's obligation to insure the Alterations shall commence only after thirty (30) days prior notice from Tenant setting forth a list of the Alterations to be insured. Landlord's policy shall contain at least twelve (12) months of “"rental income loss” " coverage payable in instances in which Tenant is entitled to Rent abatement hereunder, and shall include (i) an “"extended coverage” " endorsement, (ii) a “"building laws” " and/or “"law and ordinance” " coverage endorsement (which endorsement may, notwithstanding the foregoing provisions of this Section 10.2.1SECTION 7.2.1, contain a commercially -------------- reasonable sublimit) that covers “"costs of demolition,” “" "increased costs of construction” " due to changes in building codes and “"contingent liability” " with respect to undamaged portions of the Building, and (iii) an “"earthquake sprinkler leakage” " endorsement, with each such endorsement to be of a kind required by Landlord or by Lender to assist Landlord in funding its obligations under this Lease to repair and restore the BuildingBuilding (including the Systems and Equipment), the On-Site Parking AreaStructure, the Tenant Improvements, the Alterations and the Common Areas. Such policy shall also contain a “"stipulated value” " endorsement deleting any co-insurance provisions. In addition, Landlord shall maintain “"boiler machinery” " coverage (and a joint loss agreement if the boiler machinery coverage is issued by a different insurance company than the basic property insurance).

Landlord’s Fire and Casualty Insurance. Property damage ------------------------------------------ insurance covering the BuildingBuilding (including the Systems and Equipment and the Building telecommunications riser system), the On-Site Parking AreaStructure, and the Tenant Improvements and the Alterations (but excluding the value of the Tenant Improvements to the extent such value exceeds the value of the Building standard improvements and excluding Tenant’s “Personal Property,” as that term is defined in Section 15.1, below), 's personal property) and all other improvements in and about the Common Areas in which Landlord may have an insurable interest, providing protection against any peril included within the classification “All Risk” all risks of physical loss, inclusive of standard fire and extended coverage insurance, including endorsements against vandalism, malicious mischief and’ and other perils, but excluding, except as set forth below in Section 10.2.3SECTION 7.2.3, endorsements against ------------- earthquake, all in amounts not less than one hundred percent (100%) of their fun full replacement costcost valuation from time to time during the Lease Term with deductible amounts which shall not be in excess of the commercially reasonable deductibles under insurance policies as are carried, generally, by prudent landlords of Comparable Buildings. Landlord’s 's obligation to insure the Alterations shall commence only after thirty (30) days prior notice from Tenant setting forth a list of the Alterations to be insured. Landlord's policy shall contain at least twelve (12) months of “"rental income loss” " coverage payable in instances in which Tenant is entitled to Rent abatement hereunder, and shall include (i) an “"extended coverage” " endorsement, (ii) a “"building laws” " and/or “"law and ordinance” " coverage endorsement (which endorsement may, notwithstanding the foregoing provisions of this Section 10.2.1SECTION 7.2.1, contain a commercially -------------- reasonable sublimit) that covers “"costs of demolition,” “" "increased costs of construction” " due to changes in building codes and “"contingent liability” " with respect to undamaged portions of the Building, and (iii) an “"earthquake sprinkler leakage” " endorsement, with each such endorsement to be of a kind required by Landlord or by Lender to assist Landlord in funding its obligations under this Lease to repair and restore the BuildingBuilding (including the Systems and Equipment), the On-Site Parking AreaStructure, the Tenant Improvements, the Alterations and the Common Areas. Such policy shall also contain a “"stipulated value” " endorsement deleting any co-insurance provisions. In addition, Landlord shall maintain “"boiler machinery” " coverage (and a joint loss agreement if the boiler machinery coverage is issued by a different insurance company than the basic property insurance).

Landlord’s Fire and Casualty Insurance. Property Landlord shall insure the -------------------------------------- Building and the Project against loss or damage insurance covering due to fire and other casualties covered within the Buildingclassification of fire and extended coverage, the On-Site Parking Areavandalism coverage and malicious mischief, sprinkler leakage, water damage and special extended coverage. Such coverage shall be in such amounts, from such companies, and the Tenant Improvements on such other terms and the Alterations conditions, as Landlord may from time to time reasonably determine, provided that such coverage shall (but excluding the value of the Tenant Improvements to the extent such value exceeds the value i) be for full replacement of the Building standard improvements and excluding Tenant’s “Personal Property,” as that term is defined the Project in Section 15.1compliance with all then existing applicable laws, below), and all other improvements in and about the Common Areas in which Landlord may have an insurable interest, providing protection against any peril included within the classification “All Risk” inclusive of standard fire and extended coverage insurance, including endorsements against vandalism, malicious mischief and’ other perils, but excluding, except as set forth below in Section 10.2.3, all in amounts (ii) provide for rent continuation insurance equal to not less than one hundred percent (100%) of their fun replacement cost. Landlord’s policy shall contain at least twelve (12) months of “rental income loss” coverage payable in instances in which Tenant is entitled to Rent abatement hereunder, and shall include (i) an “extended coverage” endorsement, (ii) a “building laws” and/or “law and ordinance” coverage endorsement (which endorsement may, notwithstanding the foregoing provisions of this Section 10.2.1, contain a commercially reasonable sublimit) that covers “costs of demolition,” “increased costs of construction” due to changes in building codes and “contingent liability” with respect to undamaged portions of the Building, rent; and (iii) an “earthquake sprinkler leakage” endorsementbe with companies and have policies meeting the criteria set forth in Section 8.3 in this Lease. However, with each if Tenant ----------- at any time determines that the proceeds of such endorsement insurance would not be adequate to cover all or substantially all of the repair and restoration costs for which Landlord would be responsible under Section 11.2 should a casualty covered ------------ thereby occur ("repair costs"), it may require Landlord to increase the amount or coverage of the insurance required to be of a kind required obtained by Landlord under this Section 8.5 in order that such insurance will cover all or substantially all of ----------- the repair costs, but only if such insurance is readily available from insurers meeting the requirements of Section 8.3; any increased cost of such insurance ----------- shall be an Operating Cost. Landlord shall not be obligated to assist insure the Tenant Improvements or Tenant's Alterations, moveable furniture, equipment, trade fixtures, or personal property. Additionally, at the sole option of Landlord, such insurance coverage may include the risks of earthquakes and/or flood damage and additional hazards, a rental loss endorsement and one or more loss payee endorsements in favor of the holders or any mortgages or deeds of trust encumbering the interest of Landlord in funding its obligations under this Lease to repair and restore the Building, Building or the On-Site Parking Area, the Tenant Improvements, the Alterations and the Common Areas. Such policy shall also contain a “stipulated value” endorsement deleting any co-insurance provisions. In addition, Landlord shall maintain “boiler machinery” coverage (and a joint loss agreement if the boiler machinery coverage is issued by a different insurance company than the basic property insurance)Project.