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

Landlord’s Fire, Casualty and Liability Insurance. 10.2.1 Landlord shall maintain Commercial/Comprehensive General Liability Insurance with respect to the Building during the Lease Term covering claims for bodily injury, personal injury and property damage in the Common Areas and with respect to Landlord's activities in the Premises. 10.2.2 Landlord shall insure the Building and Landlord's remaining interest in the Improvements and Alterations with a policy of Physical Damage Insurance including building ordinance coverage, written on a standard Causes of Loss—Special Form basis (against loss or damage due to fire and other casualties covered within the classification of fire and extended coverage, vandalism, and malicious mischief, sprinkler leakage, water damage and special extended coverage), covering the full replacement cost of the Base Building, Premises and other improvements (including coverages for enforcement of Applicable Laws requiring the upgrading, demolition, reconstruction and/or replacement of any portion of the Building as a result of a covered loss) without deduction for depreciation. 10.2.3 Landlord shall maintain Boiler and Machinery/Equipment Breakdown Insurance covering the Building against risks commonly insured against by a Boiler & Machinery/Equipment Breakdown policy and such policy shall cover the full replacement costs, without deduction for depreciation. 10.2.4 The foregoing coverages shall contain commercially reasonable deductible amounts from such companies, and on such other terms and conditions, as Landlord may from time to time reasonably determine. 10.2.5 Additionally, at the option of Landlord, such insurance coverage may include the risk of (i) earthquake, (ii) flood damage and additional hazards, (iii) a rental loss endorsement for a period of up to two (2) years, (iv) one or more loss payee endorsements in favor of holders of any mortgages or deeds of trust encumbering the interest of Landlord in the Building, or any portion thereof. 10.2.6 Notwithstanding the foregoing provisions of this Section 10.2, the coverage, amounts, and corresponding deductibles of insurance carried by Landlord in connection with the Building shall be comparable to the coverage and amounts of insurance which are carried by reasonably prudent landlords of Comparable Buildings, and Worker's Compensation and Employer's Liability coverage as required by applicable law. Tenant shall, at Tenant's expense, comply with all insurance company requirements pertaining to the use of the Premises. If Tenant's conduct or use of the Premises causes any increase in the premium for such insurance policies then Tenant shall reimburse Landlord for any such increase. Tenant, at Tenant's expense, shall comply with all rules, orders, regulations or requirements of the American Insurance Association (formerly the National Board of Fire Underwriters) and with any similar body.

Appears in 3 contracts

Samples: Lease Agreement (Bridgepoint Education Inc), Lease Agreement (Bridgepoint Education Inc), Lease Agreement (Bridgepoint Education Inc)

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Landlord’s Fire, Casualty and Liability Insurance. 10.2.1 Landlord shall maintain Commercial/Comprehensive General Liability Insurance with respect to the Building during the Lease Term covering claims for bodily injury, personal injury and property damage in the Common Areas and with respect to Landlord's activities in the Premises. 10.2.2 Landlord shall insure the Building and Landlord's remaining interest in the Improvements and Alterations with a policy of Physical Damage Insurance including building ordinance coverage, written on a standard Causes of Loss—Special Form basis (against loss or damage due to fire and other casualties covered within the classification of fire and extended coverage, vandalism, and malicious mischief, sprinkler leakage, water damage and special extended coverage), covering the full replacement cost of the Base Building, Premises and other improvements (including coverages for enforcement of Applicable Laws requiring the upgrading, demolition, reconstruction and/or replacement of any portion of the Building as a result of a covered loss) without deduction for depreciation. 10.2.3 Landlord shall maintain Boiler and Machinery/Equipment Breakdown Insurance covering the Building against risks commonly insured against by a Boiler & Machinery/Equipment Breakdown policy and such policy shall cover the full replacement costs, without deduction for depreciation. 10.2.4 The foregoing coverages shall contain commercially reasonable deductible amounts from such companies, and on such other terms and conditions, as Landlord may from time to time reasonably determine. 10.2.5 Additionally, at the option of Landlord, such insurance coverage may include the risk of (i) earthquake, (ii) flood damage and additional hazards, (iii) a rental loss endorsement for a period of up to two (2) years, (iv) one or more loss payee endorsements in favor of holders of any mortgages or deeds of trust encumbering the interest of Landlord in the Building, or any portion thereof. 10.2.6 Notwithstanding the foregoing provisions of this Section 10.2, the coverage, coverage amounts, and corresponding deductibles of insurance carried by Landlord in connection with the Building shall be comparable to the coverage and amounts of insurance which are carried by reasonably prudent landlords of Comparable Buildings, and Worker's Compensation and Employer's Liability coverage as required by applicable law. Tenant shall, at Tenant's expense, comply with all insurance company requirements pertaining to the use of the Premises. If Tenant's conduct or use of the Premises causes any increase in the premium for such insurance policies then Tenant shall reimburse Landlord for any such increase. Tenant, at Tenant's expense, shall comply with all rules, orders, regulations or requirements of the American Insurance Association (formerly the National Board of Fire Underwriters) and with any similar body.

Appears in 3 contracts

Samples: Office Lease (Bridgepoint Education Inc), Office Lease (Bridgepoint Education Inc), Office Lease (Bridgepoint Education Inc)

Landlord’s Fire, Casualty and Liability Insurance. 10.2.1 10.7.1 Landlord shall maintain Commercial/Comprehensive Commercial General Liability Insurance with respect to the Building during the Lease Term covering claims for bodily injury, personal injury and property damage in the Project Common Areas and with respect to Landlord's ’s activities in the Premises. 10.2.2 10.7.2 Landlord shall insure the Building and Landlord's ’s remaining interest in the Improvements and Alterations with a policy of Physical Damage Insurance including building ordinance coverage, written on a standard Causes of Loss—Loss — Special Form basis (against loss or damage due to fire and other casualties covered within the classification of fire and extended coverage, vandalism, and malicious mischief, sprinkler leakage, water damage and special extended coverage), covering the full replacement cost of the Base Building, Premises and other improvements (including coverages for enforcement of Applicable Laws requiring the upgrading, demolition, reconstruction and/or replacement of any portion of the Building as a result of a covered loss) without a deduction for depreciation. 10.2.3 10.7.3 Landlord shall maintain Boiler and Machinery/Equipment Breakdown Insurance covering the Building against risks commonly insured against by a Boiler & and Machinery/Equipment Breakdown policy and such policy shall cover the full replacement costs, without deduction for depreciation. 10.2.4 10.7.4 The foregoing coverages shall contain commercially reasonable deductible amounts from such companies, and on such other terms and conditions, as Landlord may from time to time reasonably determine. 10.2.5 10.7.5 Additionally, at the option of Landlord, such insurance coverage may include the risk of (i) earthquake, (ii) flood damage and additional hazards, or (iii) a rental loss endorsement for a period of up to two (2) years, (iv) one or more loss payee endorsements in favor of holders of any mortgages or deeds of trust encumbering the interest of Landlord in the Building, or any portion thereof. 10.2.6 10.7.6 Notwithstanding the foregoing provisions of this Section 10.210.7, the coverage, amounts, coverage and corresponding deductibles amounts of insurance carried by Landlord in connection with the Building shall shall, at a minimum, be comparable to the coverage and amounts of insurance which are carried by reasonably prudent landlords of Comparable Buildings. In addition, and Landlord shall carry Worker's ’s Compensation and Employer's ’s Liability coverage as required by applicable law. Tenant shall, at Tenant's expense, comply with all insurance company requirements pertaining to the use of the Premises. If Tenant's conduct or use of the Premises causes any increase in the premium for such insurance policies then Tenant shall reimburse Landlord for any such increase. Tenant, at Tenant's expense, shall comply with all rules, orders, regulations or requirements of the American Insurance Association (formerly the National Board of Fire Underwriters) and with any similar body.

Appears in 2 contracts

Samples: Office Lease (Appdynamics Inc), Office Lease (Appdynamics Inc)

Landlord’s Fire, Casualty and Liability Insurance. 10.2.1 10.7.1 Landlord shall maintain Commercial/Comprehensive Commercial General Liability Insurance with respect to the Building during the Lease Term covering claims for bodily injury, personal injury and property damage in the Project Common Areas and with respect to Landlord's ’s activities in the Premises. 10.2.2 10.7.2 Landlord shall insure the Building and Landlord's ’s remaining interest in the Improvements and Alterations with a policy of Physical Damage Insurance including building ordinance coverage, written on a standard Causes of LossSpecial Form basis (against loss or damage due to fire and other casualties covered within the classification of fire and extended coverage, vandalism, and malicious mischief, sprinkler leakage, water damage and special extended coverage), covering the full replacement cost of the Base Building, Premises and other improvements (including coverages for enforcement of Applicable Laws requiring the upgrading, demolition, reconstruction and/or replacement of any portion of the Building as a result of a covered loss) without deduction for depreciation. 10.2.3 10.7.3 Landlord shall maintain Boiler and Machinery/Equipment Breakdown Insurance covering the Building against risks commonly insured against by a Boiler & Machinery/Equipment Breakdown policy and such policy shall cover the full replacement costs, without deduction for depreciation. 10.2.4 10.7.4 The foregoing coverages shall contain commercially reasonable deductible amounts from such companies, and on such other terms and conditions, as Landlord may from time to time reasonably determine. 10.2.5 10.7.5 Additionally, at the option of Landlord, such insurance coverage may include the risk of (i) earthquake, (ii) flood damage and additional hazards, or (iii) a rental loss endorsement for a period of up to two (2) years, (iv) one or more loss payee endorsements in favor of holders of any mortgages or deeds of trust encumbering the interest of Landlord in the Building, or any portion thereof. 10.2.6 . Notwithstanding the foregoing provisions of this Section 10.210.7, the coverage, amounts, coverage and corresponding deductibles amounts of insurance carried by Landlord in connection with the Building shall shall, at a minimum, be comparable to the coverage and amounts of insurance which are carried by reasonably prudent landlords of Comparable Buildings. In addition, and Landlord shall carry Worker's ’s Compensation and Employer's ’s Liability coverage as required by applicable law. Tenant shall, at Tenant's expense, comply with all insurance company requirements pertaining to the use of the Premises. If Tenant's conduct or use of the Premises causes any increase in the premium for such insurance policies then Tenant shall reimburse Landlord for any such increase. Tenant, at Tenant's expense, shall comply with all rules, orders, regulations or requirements of the American Insurance Association (formerly the National Board of Fire Underwriters) and with any similar body.

Appears in 2 contracts

Samples: Office Lease (Roka BioScience, Inc.), Office Lease (Roka BioScience, Inc.)

Landlord’s Fire, Casualty and Liability Insurance. 10.2.1 10.7.1 Landlord shall maintain Commercial/Comprehensive Commercial General Liability Insurance with at least Five Million Dollars ($5,000,000) in coverage, with respect to the Building during the Lease Term covering claims for bodily injury, personal injury injury, and property damage in the Project Common Areas and with respect to Landlord's ’s activities in the Premises. 10.2.2 10.7.2 Landlord shall insure the Building and Landlord's ’s remaining interest in the Improvements and Alterations with a policy of Physical Damage Insurance including building ordinance coverage, written on a standard Causes of Loss—Special Form basis (against loss or damage due to fire and other casualties covered within the classification of fire and extended coverage, vandalism, and malicious mischief, sprinkler leakage, water damage and special extended coverage), covering the full replacement cost of the Base Building, Premises and other improvements (including coverages for enforcement of Applicable Laws requiring the upgrading, demolition, reconstruction and/or replacement of any portion of the Building as a result of a covered loss) without a deduction for depreciation. 10.2.3 10.7.3 Landlord shall maintain Boiler and Machinery/Equipment Breakdown Insurance covering the Building against risks commonly insured against by a Boiler & and Machinery/Equipment Breakdown policy and such policy shall cover the full replacement costs, without deduction for depreciation. 10.2.4 10.7.4 The foregoing coverages shall contain commercially reasonable deductible amounts from such companies, and on such other terms and conditions, as Landlord may from time to time reasonably determine. 10.2.5 10.7.5 Additionally, at the option of Landlord, such insurance coverage may include the risk of (i) earthquake, (ii) flood damage and additional hazards, or (iii) a rental loss endorsement for a period of up to two (2) years, (iv) one or more loss payee endorsements in favor of holders of any mortgages or deeds of trust encumbering the interest of Landlord in the Building, or any portion thereof. 10.2.6 10.7.6 Notwithstanding the foregoing provisions of this Section 10.210.7, the coverage, amounts, coverage and corresponding deductibles amounts of insurance carried by Landlord in connection with the Building shall shall, at a minimum, be comparable to the coverage and amounts of insurance which are carried by reasonably prudent landlords of Comparable Buildings. In addition, and Landlord shall carry Worker's ’s Compensation and Employer's ’s Liability coverage as required by applicable law. Tenant shall, at Tenant's expense, comply with all insurance company requirements pertaining to the use of the Premises. If Tenant's conduct or use of the Premises causes any increase in the premium for such insurance policies then Tenant shall reimburse Landlord for any such increase. Tenant, at Tenant's expense, shall comply with all rules, orders, regulations or requirements of the American Insurance Association (formerly the National Board of Fire Underwriters) and with any similar body.

Appears in 2 contracts

Samples: Office Lease (Anaptysbio Inc), Office Lease (Anaptysbio Inc)

Landlord’s Fire, Casualty and Liability Insurance. 10.2.1 Landlord shall maintain Commercial/Comprehensive General Liability Insurance with respect to the Building during the Lease Term covering claims for bodily injury, personal injury and property damage in the Project Common Areas and with respect to Landlord's ’s activities in the Premises. 10.2.2 Landlord shall insure the Building and Landlord's ’s remaining interest in the Improvements and Alterations with a policy of Physical Damage Insurance including building ordinance coverage, written on a standard Causes of Loss—Loss — Special Form basis (against loss or damage due to fire and other casualties covered within the classification of fire and extended coverage, vandalism, and malicious mischief, sprinkler leakage, water damage and special extended coverage), covering the full replacement cost of the Base Building, Premises and other improvements (including coverages for enforcement of Applicable Laws requiring the upgrading, demolition, reconstruction and/or replacement of any portion of the Building as a result of a covered loss) without deduction for depreciation. 10.2.3 Landlord shall maintain Boiler and Machinery/Equipment Breakdown Insurance covering the Building against risks commonly insured against by a Boiler & Machinery/Equipment Breakdown policy and such policy shall cover the full replacement costs, without deduction for depreciation. 10.2.4 The foregoing coverages shall contain commercially reasonable deductible amounts from such companies, and on such other terms and conditions, as Landlord may from time to time reasonably determine. 10.2.5 Additionally, at the option of Landlord, such insurance coverage may include the risk of (i) earthquake, (ii) flood damage and additional hazards, (iii) a rental loss endorsement for a period of up to two (2) years, (iv) one or more loss payee endorsements in favor of holders of any mortgages or deeds of trust encumbering the interest of Landlord in the Building, or any portion thereof. 10.2.6 In addition to the insurance coverage identified in Section 10.2.5, Landlord may, at the option of Landlord, maintain “Pollution Legal Liability Environmental Insurance,” as that term is set forth below. For purposes of this Lease, the “Pollution Legal Liability Environmental Insurance” (aka an “Owner’s Policy” of environmental insurance) shall mean insurance (1) from an insurance carrier with a credit rating of no less than A—X in Best’s Insurance Guide, it being acknowledged and agreed by Landlord that, as of the date of this Lease, AIG, Chubb, Zurich and the XL Insurance Company currently satisfy such credit rating, and (2) providing, at a minimum, the following: (a) an initial three (3)-year policy term (with successive 1-year terms renewable on a rolling annual basis, until such time as the policy term equals or exceeds the Lease Expiration Date), (b) $2,000,000 coverage per incident or occurrence, (c) $2,000,000 aggregate coverage, (d) a deductible or self-insured retention of no more than $100,000, and (e) coverage for: (A) unknown pre-existing conditions; (B) unknown and later discovered conditions; (C) on-site and off-site third-party claims for bodily injury or property damage; and (D) legal defense expenses. Furthermore, the policy of insurance must include an automatic extended reporting period that provides the Insured a period of no less than sixty (60) days following the effective date of termination of coverage in which to provide written notice to the insurance carrier of claims first made and reported within the automatic extended reporting period. All other terms, coverage, exclusions, or conditions of the policy shall be at Landlord’s sole and complete discretion. Notwithstanding the foregoing provisions of this Section 10.2foregoing, the coverage, amounts, and corresponding deductibles of insurance carried by Landlord in connection with the Building shall be comparable to the coverage and amounts extent no Event of insurance which are carried by reasonably prudent landlords Default is then occurring, Tenant shall have the option, upon sixty (60) days written notice to Landlord, to itself carry such Pollution Legal Liability Environmental Insurance in lieu of Comparable BuildingsLandlord carrying such insurance; provided further, and Worker's Compensation and Employer's Liability coverage as required by applicable law. Tenant shallhowever, at Tenant's expense, comply with all insurance company requirements pertaining to the use of extent Tenant so elects to carry such Pollution Legal Liability Environmental Insurance pursuant to the Premises. If Tenant's conduct or use of the Premises causes any increase in the premium for such insurance policies then foregoing clause, Tenant shall reimburse Landlord for any such increase. Tenant, at Tenant's expense, shall comply with all rulesthe express coverage requirements set forth hereinabove, ordersand such coverage shall otherwise comply with the TCCs of Section 10.4, regulations or requirements of the American Insurance Association (formerly the National Board of Fire Underwriters) and with any similar bodybelow.

Appears in 2 contracts

Samples: Office Lease (Dexcom Inc), Office Lease (Dexcom Inc)

Landlord’s Fire, Casualty and Liability Insurance. 10.2.1 10.7.1 Landlord shall maintain Commercial/Comprehensive Commercial General Liability Insurance with at least Five Million Dollars ($5,000,000) in coverage, with respect to the Building during the Lease Term covering claims for bodily injury, personal injury injury, and property damage in the Project Common Areas and with respect to Landlord's ’s activities in the Premises; provided, however, such foregoing Five Million Dollar ($5,000,000.00) requirement may be met by a combination of primary and excess/umbrella policies. 10.2.2 10.7.2 Landlord shall insure the Building and Landlord's ’s remaining interest in the Improvements and Alterations with a policy of Physical Damage Insurance including building ordinance coverage, written on a standard Causes of Loss—Loss – Special Form basis (against loss or damage due to fire and other casualties covered within the classification of fire and extended coverage, vandalism, and malicious mischief, sprinkler leakage, water damage and special extended coverage), covering the full replacement cost of the Base Building, Premises and other improvements (including coverages for enforcement of Applicable Laws requiring the upgrading, demolition, reconstruction and/or replacement of any portion of the Building as a result of a covered loss) without a deduction for depreciation. 10.2.3 10.7.3 Landlord shall maintain Boiler and Machinery/Equipment Breakdown Insurance covering the Building against risks commonly insured against by a Boiler & and Machinery/Equipment Breakdown policy and such policy shall cover the full replacement costs, without deduction for depreciation. 10.2.4 10.7.4 The foregoing coverages shall contain commercially reasonable deductible amounts from such companies, and on such other terms and conditions, as Landlord may from time to time reasonably determine. 10.2.5 10.7.5 Additionally, at the option of Landlord, such insurance coverage may include the risk of (i) earthquake, (ii) flood damage and additional hazards, or (iii) a rental loss endorsement for a period of up to two (2) years, (iv) one or more loss payee endorsements in favor of holders of any mortgages or deeds of trust encumbering the interest of Landlord in the Building, or any portion thereof. 10.2.6 10.7.6 Notwithstanding the foregoing provisions of this Section 10.210.7, the coverage, amounts, coverage and corresponding deductibles amounts of insurance carried by Landlord in connection with the Building shall shall, at a minimum, be comparable to the coverage and amounts of insurance which are carried by reasonably prudent landlords of Comparable Buildings. In addition, and Landlord shall carry Worker's ’s Compensation and Employer's ’s Liability coverage as required by applicable law. Tenant shall, at Tenant's expense, comply with all insurance company requirements pertaining to the use of the Premises. If Tenant's conduct or use of the Premises causes any increase in the premium for such insurance policies then Tenant shall reimburse Landlord for any such increase. Tenant, at Tenant's expense, shall comply with all rules, orders, regulations or requirements of the American Insurance Association (formerly the National Board of Fire Underwriters) and with any similar body.

Appears in 1 contract

Samples: Office Lease (Volcano Corp)

Landlord’s Fire, Casualty and Liability Insurance. 10.2.1 Landlord shall maintain Commercial/Comprehensive General Liability Insurance with respect to the Building during the Lease Term covering claims for bodily injury, personal injury and property damage in the Common Areas and with respect to Landlord's ’s activities in the Premises. 10.2.2 Landlord shall insure the Building and Landlord's ’s remaining interest in the Improvements and Alterations with a policy of Physical Damage Insurance including building ordinance coverage, written on a standard Causes of Loss—Loss — Special Form basis (against loss or damage due to fire and other casualties covered within the classification of fire and extended coverage, vandalism, and malicious mischief, sprinkler leakage, water damage and special extended coverage), covering the full replacement cost of the Base Building, Premises and other improvements (including coverages for enforcement of Applicable Laws requiring the upgrading, demolition, reconstruction and/or replacement of any portion of the Building as a result of a covered loss) without deduction for depreciation. 10.2.3 Landlord shall maintain Boiler and Machinery/Equipment Breakdown Insurance covering the Building against risks commonly insured against by a Boiler & Machinery/Equipment Breakdown policy and such policy shall cover the full replacement costs, without deduction for depreciation. 10.2.4 The foregoing coverages shall contain commercially reasonable reasonably deductible amounts from such companies, and on such other terms and conditions, as Landlord may from time to time reasonably determine. 10.2.5 Additionally, at the option of Landlord, such insurance coverage may include the risk of (i) earthquake, (ii) flood damage and additional hazards, (iii) a rental loss endorsement for a period of up to two (2) years, (iv) one or more loss payee endorsements in favor of holders of any mortgages or deeds of trust encumbering the interest of Landlord in the Building, or any portion thereof. 10.2.6 Notwithstanding the foregoing provisions of this Section 10.2, the coverage, coverage amounts, and corresponding deductibles of insurance carried by Landlord in connection with the Building shall be comparable to the coverage and amounts of insurance which are carried by reasonably prudent landlords of Comparable Buildings, and Worker's ’s Compensation and Employer's ’s Liability coverage as required by applicable law. Tenant shall, at Tenant's expense, comply with all insurance company requirements pertaining to the use of the Premises. If Tenant's conduct or use of the Premises causes any increase in the premium for such insurance policies then Tenant shall reimburse Landlord for any such increase. Tenant, at Tenant's expense, shall comply with all rules, orders, regulations or requirements of the American Insurance Association (formerly the National Board of Fire Underwriters) and with any similar body.

Appears in 1 contract

Samples: Office Lease (Bridgepoint Education Inc)

Landlord’s Fire, Casualty and Liability Insurance. 10.2.1 Landlord shall maintain Commercial/Comprehensive General Liability Insurance carry commercial general liability insurance with respect to the Building Buildings during the Lease Term, and shall further insure the Buildings during the Lease Term covering claims for bodily injury, personal injury and property damage in the Common Areas and with respect to Landlord's activities in the Premises. 10.2.2 Landlord shall insure the Building and Landlord's remaining interest in the Improvements and Alterations with a policy of Physical Damage Insurance including building ordinance coverage, written on a standard Causes of Loss—Special Form basis (against loss or damage due to fire and other casualties covered within the classification of fire and extended coverage, vandalism, vandalism coverage and malicious mischief, sprinkler leakage, water damage and special extended coverage), covering the for full replacement cost value of the Base BuildingBuildings. Such coverage shall be in such amounts, Premises and other improvements (including coverages for enforcement of Applicable Laws requiring the upgrading, demolition, reconstruction and/or replacement of any portion of the Building as a result of a covered loss) without deduction for depreciation. 10.2.3 Landlord shall maintain Boiler and Machinery/Equipment Breakdown Insurance covering the Building against risks commonly insured against by a Boiler & Machinery/Equipment Breakdown policy and such policy shall cover the full replacement costs, without deduction for depreciation. 10.2.4 The foregoing coverages shall contain commercially reasonable deductible amounts from such companies, and on such other terms and conditions, as Landlord may from time to time reasonably determine. 10.2.5 . Additionally, at the option of Landlord, such insurance coverage may include the risk risks of (i) earthquake, (ii) earthquakes and/or flood damage and additional hazards, (iii) a rental loss endorsement for a period of up to two (2) years, (iv) and one or more loss payee endorsements in favor of the holders of any mortgages or deeds of trust encumbering the interest of Landlord in the BuildingBuildings or the ground or underlying lessors of the Buildings, or any portion thereof. 10.2.6 . Notwithstanding the foregoing provisions of this Section 10.2, the coverage, amounts, coverage and corresponding deductibles amounts of insurance carried by Landlord in connection with the Building shall Buildings shall, at a minimum, be comparable to the coverage and amounts of insurance which are carried by reasonably prudent landlords of Comparable Buildings, and Worker's ’s Compensation and Employer's ’s Liability coverage as required by applicable law. Tenant shall, at Tenant's ’s expense, comply with all insurance company requirements pertaining to the use of the Premises. If Tenant's ’s conduct or use of the Premises for other than typical office purposes causes any material increase in the premium for such insurance policies then Tenant shall reimburse Landlord for any such increase; provided, however, Landlord hereby acknowledges that Tenant’s use of the Premises since 2000 (pursuant to the terms of the Existing Lease) has not caused an increase in Landlord’s insurance premiums. Tenant, at Tenant's ’s expense, shall comply with all rules, orders, regulations or requirements of the American Insurance Association (formerly the National Board of Fire Underwriters) and with any similar body.

Appears in 1 contract

Samples: Office Lease (Ixia)

Landlord’s Fire, Casualty and Liability Insurance. 10.2.1 10.7.1 Landlord shall maintain Commercial/Comprehensive Commercial General Liability Insurance with at least Five Million Dollars ($5,000,000) in coverage, with respect to the Building during the Lease Term covering claims for bodily injury, personal injury injury, and property damage in the Project Common Areas and with respect to Landlord's ’s activities in the Premises; provided, however, such foregoing Five Million Dollar ($5,000,000.00) requirement may be met by a combination of primary and excess/umbrella policies. 10.2.2 10.7.2 Landlord shall insure the Building and Landlord's ’s remaining interest in the Improvements and Alterations with a policy of Physical Damage Insurance including building ordinance coverage, written on a standard Causes of Loss—Loss – Special Form basis (against loss or damage due to fire and other casualties covered within the classification of fire and extended coverage, vandalism, and malicious mischief, sprinkler leakage, water damage and special extended coverage), covering the full replacement cost of the Base Building, Premises and other improvements (including coverages for enforcement of Applicable Laws requiring the upgrading, demolition, reconstruction and/or replacement of any portion of the Building as a result of a covered loss) without a deduction for depreciation. 10.2.3 10.7.3 Landlord shall maintain Boiler and Machinery/Equipment Breakdown Insurance covering the Building against risks commonly insured against by a Boiler & and Machinery/Equipment Breakdown policy and such policy shall cover the full replacement costs, without deduction for depreciation. 10.2.4 10.7.4 The foregoing coverages shall contain commercially reasonable deductible amounts from such companies, and on such other terms and conditions, as Landlord may from time to time reasonably determine. 10.2.5 10.7.5 Additionally, at the option of Landlord, such insurance coverage may include the risk of (i) earthquake, (ii) flood damage and additional hazards, or (iii) a rental loss endorsement for a period of up to two (2) years, (iv) one or more loss payee endorsements in favor of holders of any mortgages or deeds of trust encumbering the interest of Landlord in the Building, or any portion thereof. 10.2.6 10.7.6 Notwithstanding the foregoing provisions of this Section 10.210.7, the coverage, amounts, coverage and corresponding deductibles amounts of insurance carried by Landlord in connection with the Building shall shall, at a minimum, be comparable to the coverage and amounts of insurance which are carried by reasonably prudent landlords of Comparable Buildings. In addition, and Landlord shall carry Worker's ’s Compensation and Employer's ’s Liability coverage as required by applicable law. Tenant shall, at Tenant's expense, comply with all insurance company requirements pertaining to the use of the Premises. If Tenant's conduct or use of the Premises causes any increase in the premium for such insurance policies then Tenant shall reimburse Landlord for any such increase. Tenant, at Tenant's expense, shall comply with all rules, orders, regulations or requirements of the American Insurance Association (formerly the National Board of Fire Underwriters) and with any similar bodyApplicable Laws.

Appears in 1 contract

Samples: Office Lease (Santarus Inc)

Landlord’s Fire, Casualty and Liability Insurance. 10.2.1 Landlord shall maintain Commercial/Comprehensive Commercial General Liability Insurance with respect to the Building during the Lease Term covering claims for bodily injury, personal injury and property damage in the Project Common Areas and with respect to Landlord's ’s activities in the Premises. 10.2.2 Landlord shall insure the Base Building and Landlord's ’s remaining interest in the Tenant Improvements and Alterations with a policy of Physical Damage Insurance including building ordinance coverage, written on a standard Causes of Loss—Loss – Special Form basis (against loss or damage due to fire and other casualties covered within the classification of fire and extended coverage, vandalism, and malicious mischief, sprinkler leakage, water damage and special extended coverage), covering the full replacement cost of the Base Building, Premises and other improvements (including coverages for enforcement of Applicable Laws requiring the upgrading, demolition, reconstruction and/or replacement of any portion of the Building as a result of a covered loss) without deduction for depreciation. 10.2.3 Landlord shall maintain Boiler and Machinery/Equipment Breakdown Insurance covering the Building against risks commonly insured against by a Boiler & Machinery/Equipment Breakdown policy and such policy shall cover the full replacement costs, without deduction for depreciation. 10.2.4 The foregoing coverages shall may contain commercially reasonable deductible amounts from such companiesamounts, and be on such other terms and conditionsconditions (including policy limits) and issued by such carriers, as Landlord may from time to time reasonably determine. 10.2.5 Additionally, at the option of Landlord, such insurance coverage may include the risk of (i) earthquake, (ii) flood damage and additional hazards, (iii) a rental loss endorsement for a period of up to two (2) years, (iv) one or more loss payee endorsements in favor of holders of any mortgages or deeds of trust encumbering the interest of Landlord in the Building, or any portion thereof. 10.2.6 . Notwithstanding the foregoing provisions of this Section 10.2, the coverage, amounts, coverage and corresponding deductibles amounts of insurance carried by Landlord in connection with the Building shall shall, at a minimum, be comparable to the coverage and amounts of insurance which are generally carried by reasonably prudent landlords of Comparable Buildings, and Worker's ’s Compensation and Employer's ’s Liability coverage as required by applicable law. Tenant shall, at Tenant's ’s expense, comply with all insurance company requirements pertaining to the use of the Premises. If Tenant's ’s conduct or use of the Premises causes any increase in the premium for such insurance policies then Tenant shall reimburse Landlord for any such increase. Tenant, at Tenant's ’s expense, shall comply with all rules, orders, regulations or requirements of the American Insurance Association (formerly the National Board of Fire Underwriters) and with any similar body.

Appears in 1 contract

Samples: Office Lease (Obagi Medical Products, Inc.)

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Landlord’s Fire, Casualty and Liability Insurance. 10.2.1 10.7.1 Landlord shall maintain Commercial/Comprehensive Commercial General Liability Insurance with at least Five Million Dollars ($5,000,000) in coverage, with respect to the Building during the Lease Term covering claims for bodily injury, personal injury injury, and property damage in the Project Common Areas and with respect to Landlord's ’s activities in the Premises. 10.2.2 10.7.2 Landlord shall insure the Building and Landlord's ’s remaining interest in the Improvements and Alterations with a policy of Physical Damage Insurance including building ordinance coverage, written on a standard Causes of Loss—Loss – Special Form basis (against loss or damage due to fire and other casualties covered within the classification of fire and extended coverage, vandalism, and malicious mischief, sprinkler leakage, water damage and special extended coverage), covering the full replacement cost of the Base Building, Premises and other improvements (including coverages for enforcement of Applicable Laws requiring the upgrading, demolition, reconstruction and/or replacement of any portion of the Building as a result of a covered loss) without a deduction for depreciation. 10.2.3 10.7.3 Landlord shall maintain Boiler and Machinery/Equipment Breakdown Insurance covering the Building against risks commonly insured against by a Boiler & and Machinery/Equipment Breakdown policy and such policy shall cover the full replacement costs, without deduction for depreciation. 10.2.4 10.7.4 The foregoing coverages shall contain commercially reasonable deductible amounts from such companies, and on such other terms and conditions, as Landlord may from time to time reasonably determine. 10.2.5 10.7.5 Additionally, at the option of Landlord, such insurance coverage may include the risk of (i) earthquake, (ii) flood damage and additional hazards, or (iii) a rental loss endorsement for a period of up to two (2) years, (iv) one or more loss payee endorsements in favor of holders of any mortgages or deeds of trust encumbering the interest of Landlord in the Building, or any portion thereof. 10.2.6 10.7.6 Notwithstanding the foregoing provisions of this Section 10.210.7, the coverage, amounts, coverage and corresponding deductibles amounts of insurance carried by Landlord in connection with the Building shall shall, at a minimum, be comparable to the coverage and amounts of insurance which are carried by reasonably prudent landlords of Comparable Buildings. In addition, and Landlord shall carry Worker's ’s Compensation and Employer's ’s Liability coverage as required by applicable law. Tenant shall, at Tenant's expense, comply with all insurance company requirements pertaining to the use of the Premises. If Tenant's conduct or use of the Premises causes any increase in the premium for such insurance policies then Tenant shall reimburse Landlord for any such increase. Tenant, at Tenant's expense, shall comply with all rules, orders, regulations or requirements of the American Insurance Association (formerly the National Board of Fire Underwriters) and with any similar body.

Appears in 1 contract

Samples: Office Lease (SERVICE-NOW.COM)

Landlord’s Fire, Casualty and Liability Insurance. 10.2.1 Landlord shall maintain Commercial/Comprehensive General Liability Insurance carry commercial general liability insurance with respect to the Building during the Lease Term covering claims for bodily injuryTerm, personal injury and property damage in the Common Areas and with respect to Landlord's activities in the Premises. 10.2.2 Landlord shall further insure the Building and Landlord's remaining interest in during the Improvements and Alterations with a policy of Physical Damage Insurance including building ordinance coverage, written on a standard Causes of Loss—Special Form basis (Lease Term against loss or damage due to fire and other casualties covered within the classification of fire and extended coverage, vandalism, vandalism coverage and malicious mischief, sprinkler leakage, water damage and special extended coverage). Such coverage shall be in such amounts, covering the full replacement cost of the Base Building, Premises and other improvements (including coverages for enforcement of Applicable Laws requiring the upgrading, demolition, reconstruction and/or replacement of any portion of the Building as a result of a covered loss) without deduction for depreciation. 10.2.3 Landlord shall maintain Boiler and Machinery/Equipment Breakdown Insurance covering the Building against risks commonly insured against by a Boiler & Machinery/Equipment Breakdown policy and such policy shall cover the full replacement costs, without deduction for depreciation. 10.2.4 The foregoing coverages shall contain commercially reasonable deductible amounts from such companies, and on such other terms and conditions, as Landlord may from time to time reasonably determine. 10.2.5 . Additionally, at the option of Landlord, such insurance coverage may include the risk risks of (i) earthquake, (ii) earthquakes and/or flood damage and additional hazards, (iii) a rental loss endorsement for a period of up to two (2) years, (iv) and one or more loss payee endorsements in favor of the holders of any mortgages or deeds of trust encumbering the interest of Landlord in the Building or the ground or underlying lessors of the Building, or any portion thereof. 10.2.6 . Notwithstanding the foregoing provisions of this Section 10.2, the coverage, amounts, coverage and corresponding deductibles amounts of insurance carried by Landlord in connection with the Building shall shall, at a minimum, be comparable to the coverage and amounts of insurance which are carried by reasonably prudent landlords of Comparable Buildings, and Worker's ’s Compensation and Employer's ’s Liability coverage as required by applicable law. Tenant shall, at Tenant's ’s expense, comply with all commercially reasonable insurance company requirements pertaining to the use of the Premises. If Tenant's ’s conduct or use of the Premises causes any increase in the premium for such insurance policies then Tenant shall reimburse Landlord for any such increase. Tenant, at Tenant's ’s expense, shall comply with all rules, orders, regulations or requirements of the American Insurance Association (formerly the National Board of Fire Underwriters) and with any similar body.

Appears in 1 contract

Samples: Office Lease (Memec Inc)

Landlord’s Fire, Casualty and Liability Insurance. 10.2.1 Landlord shall maintain Commercial/Comprehensive General Liability Insurance of at least Five Million Dollars ($5,000,000.00) with respect to the Building during the Lease Term covering claims for bodily injury, personal injury and property damage in the Project Common Areas and with respect to Landlord's ’s activities in the Premises. 10.2.2 Landlord shall insure the Building and Landlord's ’s remaining interest in the Improvements and Alterations with a policy of Physical Damage Insurance including building ordinance coverage, written on a standard Causes of Loss—Loss – Special Form basis (against loss or damage due to fire and other casualties covered within the classification of fire and extended coverage, vandalism, and malicious mischief, sprinkler leakage, water damage and special extended coverage), covering the full replacement cost of the Base Building, Premises and other improvements (including coverages for enforcement of Applicable Laws requiring the upgrading, demolition, reconstruction and/or replacement of any portion of the Building as a result of a covered loss) without deduction for depreciation. 10.2.3 Landlord shall maintain Boiler and Machinery/Equipment Breakdown Insurance covering the Building against risks commonly insured against by a Boiler & Machinery/Equipment Breakdown policy and such policy shall cover the full replacement costs, without deduction for depreciation. 10.2.4 The foregoing coverages shall contain commercially reasonable deductible amounts from such companies, and on such other terms and conditions, as Landlord may from time to time reasonably determine. 10.2.5 Additionally, at the option of Landlord, such insurance coverage may include the risk of (i) earthquake, (ii) flood damage and additional hazards, (iii) a rental loss endorsement for a period of up to two (2) years, (iv) one or more loss payee endorsements in favor of holders of any mortgages or deeds of trust encumbering the interest of Landlord in the Building, or any portion thereof. As to items (i) and (ii) above, such coverage will be carried only if and to the extent required by the lender on the Building. 10.2.6 Notwithstanding the foregoing provisions of this Section 10.2, the coverage, amounts, coverage and corresponding deductibles amounts of insurance carried by Landlord in connection with the Building shall shall, at a minimum, be comparable to the coverage and amounts of insurance which are carried by reasonably prudent landlords of Comparable Buildings, and Worker's ’s Compensation and Employer's ’s Liability coverage as required by applicable law. Tenant shall, at Tenant's ’s expense, comply with all insurance company requirements pertaining to the use of the PremisesPremises of which Tenant has been notified. If Tenant's ’s conduct or use of the Premises causes any increase in the premium for such insurance policies then Tenant shall reimburse Landlord for any such increase. Tenant, at Tenant's ’s expense, shall comply with all rules, orders, regulations or requirements of the American Insurance Association (formerly the National Board of Fire Underwriters) and with any similar body.

Appears in 1 contract

Samples: Office Lease (Entropic Communications Inc)

Landlord’s Fire, Casualty and Liability Insurance. 10.2.1 Landlord shall maintain Commercial/Comprehensive General Liability Insurance with respect to the Building during the Lease Term covering claims for bodily injury, personal injury and property damage in the Project Common Areas and with respect to Landlord's activities in the Premises. 10.2.2 Landlord shall insure the Building and Landlord's remaining interest in the Tenant Improvements and Alterations with a policy of Physical Damage Insurance including building ordinance coverage, written on a standard Causes of Loss—Loss — Special Form basis (against loss or damage due to fire and other casualties covered within the classification of fire and extended coverage, vandalism, and malicious mischief, sprinkler leakage, water damage and special extended coverage), covering the full replacement cost of the Base Building, Premises and other improvements (including coverages for enforcement of Applicable Laws requiring the upgrading, demolition, reconstruction and/or replacement of any portion of the Building as a result of a covered loss) without deduction for depreciation. 10.2.3 Landlord shall maintain Boiler and Machinery/Equipment Breakdown Insurance covering the Building against risks commonly insured against by a Boiler & Machinery/Equipment Breakdown policy and such policy shall cover the full replacement costs, without deduction for depreciation. 10.2.4 The foregoing coverages shall contain commercially reasonable deductible amounts from such companies, and on such other terms and conditions, as Landlord may from time to time reasonably determine. 10.2.5 Additionally, at the option of Landlord, such insurance coverage may include the risk of (i) earthquakeearthquake (with deductibles that are consistent with those maintained by reasonably prudent landlords of Comparable Buildings), (ii) flood damage and additional hazards, (iii) a rental loss endorsement for a period of up to two (2) years, (iv) one or more loss payee endorsements in favor of holders of any mortgages or deeds of trust encumbering the interest of Landlord in the Building, or any portion thereof. 10.2.6 Notwithstanding the foregoing provisions of this Section 10.2, the coverage, amounts, coverage and corresponding deductibles amounts of insurance carried by Landlord in connection with the Building shall shall, at XXXXXX REALTY 571981.06/WLA 0000 Xxxxxxxxx Xxxxx X0000-00000-0-00/xxx/xxx -26-[STMicroelectronics, Inc.] a minimum, be comparable to the coverage and amounts of insurance which are carried by reasonably prudent landlords of Comparable Buildings, and Worker's Compensation and Employer's Liability coverage as required by applicable law. Tenant shall, at Tenant's expense, comply with all insurance company requirements pertaining to the use of the Premises. If Tenant's conduct or use of the Premises causes any increase in the premium for such insurance policies then Tenant shall reimburse Landlord for any such increase. Tenant, at Tenant's expense, shall comply with all rules, orders, regulations or requirements of the American Insurance Association (formerly the National Board of Fire Underwriters) and with any similar body.

Appears in 1 contract

Samples: Sublease Agreement (Affymetrix Inc)

Landlord’s Fire, Casualty and Liability Insurance. 10.2.1 Landlord shall maintain Commercial/Comprehensive carry Commercial General Liability Insurance with respect to the Building during the Lease Term covering claims for bodily injury, personal injury and property damage in the Project Common Areas Areas, and with respect to Landlord's activities in the Premises. 10.2.2 Landlord , and shall further insure the Building and Landlord's remaining interest in during the Improvements and Alterations Lease Term with a policy of Physical Damage Insurance including building ordinance coverage, written on a standard Causes of Loss--Special Form basis (against loss or damage due to fire and other casualties covered within the classification of fire and extended coverage, vandalism, vandalism coverage and malicious mischief, sprinkler leakage, water damage and special extended coverage), covering the full replacement cost of the Base Building, Premises and other improvements (including coverages for enforcement of Applicable Laws requiring the upgrading, demolition, reconstruction and/or replacement of any portion of the Building as a result of a covered loss) without deduction for depreciation. 10.2.3 Landlord shall maintain Boiler and Machinery/Equipment Breakdown Insurance covering the Building against risks commonly insured against by a Boiler & Machinery/Equipment Breakdown policy and such policy shall cover the full replacement costsPremises, without deduction for depreciation. 10.2.4 The foregoing coverages . Such coverage shall contain commercially - reasonable deductible amounts amounts, from such companies, and on such other terms and conditions, as Landlord may from time to time reasonably determine. 10.2.5 . Additionally, at the option of Landlord, such insurance coverage may include the risk risks of (i) earthquake, (ii) earthquakes and/or flood damage and additional hazards, (iii) a rental loss endorsement for a period of up to two (2) years, (iv) and one or more loss payee endorsements in favor of the holders of any mortgages or deeds of trust encumbering the interest of Landlord in the Building or the ground or underlying lessors of the Building, or any portion thereof. 10.2.6 . Notwithstanding the foregoing provisions of this Section 10.2, the coverage, amounts, coverage and corresponding deductibles amounts of insurance carried by Landlord in connection with the Building shall shall, at a minimum, be comparable to the coverage and amounts of insurance which are carried by reasonably prudent landlords of Comparable Buildings, and Worker's Compensation and Employer's Liability coverage as required by applicable law. Tenant shall, at Tenant's expense, comply with all insurance company requirements pertaining to the use of the Premises. If Tenant's conduct or use of the Premises causes any increase in the premium for such insurance policies then Tenant shall reimburse Landlord for any such increase. Tenant, at Tenant's expense, shall comply with all rules, orders, regulations or requirements of the American Insurance Association (formerly the National Board of Fire Underwriters) and with any similar body.

Appears in 1 contract

Samples: Office Lease (Fair Isaac Corp)

Landlord’s Fire, Casualty and Liability Insurance. 10.2.1 Landlord shall maintain Commercial/Comprehensive General Liability Insurance carry commercial general liability insurance with respect to the Building Building, the Project and the remainder of the Pacific Corporate Center (to the extent the same continues to be owned by Landlord or its Affiliates) during the Lease Term covering the insured against claims for of bodily injury and personal injury, personal for limits of liability not initially less than $3,000,000 each occurrence and $3,000,000 annual aggregate for each of bodily injury and property damage in the Common Areas personal injury, and with respect to Landlord's activities in the Premises. 10.2.2 Landlord shall further insure the Building (including the Building Structure), and Landlord's remaining interest in the Improvements and Alterations with a policy of Physical Damage Insurance including building ordinance coverage, written on a standard Causes of Loss—Special Form basis (Project during the Lease Term against loss or damage due to fire and other casualties covered within the classification of fire and extended coverage, vandalism, vandalism coverage and malicious mischief, sprinkler leakage, water damage and special extended coverage). Such coverage shall be in such amounts, covering the full replacement cost of the Base Building, Premises and other improvements (including coverages for enforcement of Applicable Laws requiring the upgrading, demolition, reconstruction and/or replacement of any portion of the Building as a result of a covered loss) without deduction for depreciation. 10.2.3 Landlord shall maintain Boiler and Machinery/Equipment Breakdown Insurance covering the Building against risks commonly insured against by a Boiler & Machinery/Equipment Breakdown policy and such policy shall cover the full replacement costs, without deduction for depreciation. 10.2.4 The foregoing coverages shall contain commercially reasonable deductible amounts from such companies, and on such other terms and conditionsTCCs, as Landlord may from time to time reasonably determine. 10.2.5 ; provided, however, that to the extent consistent with the practices of landlords of Comparable Buildings, such coverage shall be (i) for the full replacement value of the Building and the Project in compliance with all then-existing Applicable Law, and (ii) with companies and have policies meeting the criteria set forth in Section 10.4(iii) of this Lease. Additionally, at the option of Landlord, such insurance coverage may include the risk risks of (i) earthquake, (ii) earthquakes and/or flood damage and additional hazards, (iii) a rental loss endorsement for a period of up to two (2) years, (iv) and one or more loss payee endorsements in favor of the holders of any mortgages or deeds of trust encumbering the interest of Landlord in the Building or the ground or underlying lessors of the Building, or any portion thereof. 10.2.6 ; provided, however, any such earthquake insurance shall be subject to Tenant's reasonable approval of any earthquake insurance carried by Landlord with respect to the Building; provided further, however, it shall be deemed unreasonable for Tenant to withhold such consent to the extent (A) such earthquake insurance is mandated by applicable governmental entities, or (B) landlords of Comparable Buildings are requiring such earthquake insurance policies be maintained and Landlord's earthquake insurance policy is commercially reasonably vis-a-vis such third party policies. Notwithstanding the foregoing provisions of this Section SECTION 10.2, the coverage, amounts, coverage and corresponding deductibles amounts of insurance carried by Landlord in connection with the Building shall shall, at a minimum, be comparable to the coverage and amounts of insurance which are carried by reasonably prudent landlords of Comparable Buildings, and Worker's Compensation and Employer's Liability coverage as required by applicable law. Tenant shall, at Tenant's expense, comply with all insurance company requirements pertaining to the use of the PremisesPremises for other than normal and customary implementation of the Permitted Use. If Tenant's conduct or use of the Premises causes any increase in the premium for such insurance policies then Tenant shall reimburse Landlord for any such increaseincrease to the extent caused by Tenant's use of the Premises for other than normal and customary implementation of the Permitted Use. Tenant, at Tenant's expense, shall comply with all rules, orders, regulations or requirements of -35- the American Insurance Association (formerly the National Board of Fire Underwriters) and with any similar body.

Appears in 1 contract

Samples: Lease (Vical Inc)

Landlord’s Fire, Casualty and Liability Insurance. 10.2.1 10.7.1 Landlord shall maintain Commercial/Comprehensive Commercial General Liability Insurance with at least Five Million Dollars ($5,000,000) in coverage, with respect to the Building during the Lease Term covering claims for bodily injury, personal injury injury, and property damage in the Project Common Areas and with respect to Landlord's activities in the Premises. 10.2.2 10.7.2 Landlord shall insure the Building and Landlord's remaining interest in the Improvements and Alterations with a policy of Physical Damage Insurance including building ordinance coverage, written on a standard Causes of Loss—Loss – Special Form basis (against loss or damage due to fire and other casualties covered within the classification of fire and extended coverage, vandalism, and malicious mischief, sprinkler leakage, water damage and special extended coverage), covering the full replacement cost of the Base Building, Premises and other improvements (including coverages for enforcement of Applicable Laws requiring the upgrading, demolition, reconstruction and/or replacement of any portion of the Building as a result of a covered loss) without a deduction for depreciation. 10.2.3 10.7.3 Landlord shall maintain Boiler and Machinery/Equipment Breakdown Insurance covering the Building against risks commonly insured against by a Boiler & and Machinery/Equipment Breakdown policy and such policy shall cover the full replacement costs, without deduction for depreciation. 10.2.4 10.7.4 The foregoing coverages shall contain commercially reasonable deductible amounts from such companies, and on such other terms and conditions, as Landlord may from time to time reasonably determine. 10.2.5 10.7.5 Additionally, at the option of Landlord, such insurance coverage may include the risk of (i) earthquake, (ii) flood damage and additional hazards, or (iii) a rental loss endorsement for a period of up to two (2) years, (iv) one or more loss payee endorsements in favor of holders of any mortgages or deeds of trust encumbering the interest of Landlord in the Building, or any portion thereof. 10.2.6 10.7.6 Notwithstanding the foregoing provisions of this Section 10.210.7, the coverage, amounts, coverage and corresponding deductibles amounts of insurance carried by Landlord in connection with the Building shall shall, at a minimum, be comparable to the coverage and amounts of insurance which are carried by reasonably prudent landlords of Comparable Buildings. In addition, and Landlord shall carry Worker's Compensation and Employer's Liability coverage as required by applicable law. Tenant shall, at Tenant's expense, comply with all insurance company requirements pertaining to the use of the Premises. If Tenant's conduct or use of the Premises causes any increase in the premium for such insurance policies then Tenant shall reimburse Landlord for any such increase. Tenant, at Tenant's expense, shall comply with all rules, orders, regulations or requirements of the American Insurance Association (formerly the National Board of Fire Underwriters) and with any similar body.

Appears in 1 contract

Samples: Office Lease (St. Bernard Software, Inc.)

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