Landlord’s Insurance Obligation. Landlord shall obtain and keep in full force and effect insurance against loss or damage by fire and other casualty to the Buildings and the improvements and betterments in the Buildings, including all Music Hall Alterations and Landlord’s Music Hall Property as may be insurable under then available standard forms of “all-risk” insurance policies, in an amount equal to one hundred percent (100%) of the replacement value thereof (with customary deductibles) or in such lesser amount as will avoid co-insurance. Notwithstanding the foregoing, Landlord shall not be liable to Tenant for any failure to insure, replace or restore any Music Hall Alterations which Landlord would otherwise be obligated to restore hereunder unless, if Landlord has notified Tenant that Landlord’s insurer requires Tenant to do any of the following, Tenant shall have delivered to Landlord plans and specifications of such Alterations to the extent required pursuant to Article 5 hereof or otherwise notified Landlord in reasonable detail of such Alterations, and shall maintain adequate records with respect to such Alterations to facilitate the adjustment of any insurance claims with respect thereto. Tenant shall reasonably cooperate with Landlord and Landlord’s insurance companies in the adjustment of any claims for any damage to any of the Buildings or such Alterations. All insurance required to be maintained by Landlord hereunder may be effected pursuant to blanket policies covering other locations, provided that such blanket policies (i) provide the amounts set forth above and that such amounts will not be reduced by any loss at any other location, and (ii) shall comply with the provisions of this Section 13.2. Notwithstanding anything herein contained to the contrary, in no event shall Landlord carry separate or additional insurance, concurrent in form or contributing in the event of any loss or damage, with any insurance required to be maintained by Tenant with respect to Tenant’s Property.
Landlord’s Insurance Obligation. At all times from and after the Effective Date, Landlord shall maintain in effect a policy or policies of insurance providing protection for the following liabilities and/or risks: (a) general liability for bodily injury and property damage arising from Landlord's ownership and/or operation of the Project with coverage limits at least equal to those Tenant is required to maintain in accordance with Subsections 17.2.1, and (b) all perils insurable under an All Risks policy (with, at Landlord's election, coverage for other risks such as flood and earthquake, providing such coverage is available at commercially reasonable cost) covering the Project, exclusive of any item insured by Tenant pursuant to Section 17.2 and by other Project tenants, in an amount at least equal to eighty percent (80%) of the insured improvements' full replacement cost (exclusive of the cost of excavations, foundation and footings). Insurance provided for in this Section 17.5 may be carried by inclusion within the coverage of any blanket policy or policies of insurance carried and maintained by Landlord, provided that the coverage accorded will not be reduced or diminished by reason of the use of such blanket policies of insurance. Notwithstanding the above, Landlord may cause any of the policies which it maintains to carry such deductibles as are commercially reasonable. Landlord (itself or through an affiliate) may self-insure any of the risks set forth in this Section 17.5.
Landlord’s Insurance Obligation. At all times from and after the Commencement Date, Landlord shall maintain in effect insurance providing protection for the following liabilities and/or risks: (a) commercial general liability insurance for bodily injury and property damage arising from Landlord's ownership and/or operation of the Shopping Center with coverage limits at least equal to those Tenant is required to maintain as provided herein, and (b) any peril included in the classification "all risks" in the geographic area in which the Shopping Center is located, including earthquake coverage and/or any other coverage Landlord deems reasonably necessary (e.g., so-called "Difference in Conditions" coverage), covering the Shopping Center, exclusive of any item that Tenant is required to insure or any item, building or improvement that another party is required to insure, in an amount that is the greater of eighty percent (80%) of its full replacement cost (exclusive of the cost of excavations, foundations, and footings), or such greater amount as any Mortgagee may require Landlord to maintain.
Landlord’s Insurance Obligation. (a) Landlord shall, as Operating Costs, procure and maintain in full force and effect at all times during the Term of this Lease (i) a policy or policies of business or rental interruption insurance, (ii) a policy or policies of general liability insurance insuring Landlord and naming Tenant as an additional insured and providing coverage of not less than $2,000,000 per occurrence combined single limit for bodily injury and for personal injury liability, and (iii) a policy or policies of standard "All Risk" insurance of full replacement cost, covering fire and extended coverage, vandalism and mischief, sprinkler leakage and other perils including, flood, windstorm, sinkholes, demolition, increased cost of construction of building laws coverage, insuring for the full replacement value thereof, the Building and the Project, including worker's compensation insurance coverage for all persons to be employed in construction of the Work and any other work performed by Landlord, including all contractors and subcontractors. Landlord shall provide Tenant with a certificate evidencing such insurance. Tenant shall pay the insurance premiums attributable to the policies required to be obtained above (the "Insurance Premiums") as an ------------------ Operating Cost. OFFICE LEASE AGREEMENT - Page - 21 ----------------------
Landlord’s Insurance Obligation. Landlord shall be responsible for maintaining builder's risk insurance on the Building during the initial construction of the Building.
Landlord’s Insurance Obligation. Landlord shall maintain in effect, at its own cost and expense, sufficient insurance i) to meet its repair obligations under ARTICLE 8 hereof in the event of fire or other damage and ii) cover the full replacement value of the Demised Premises.
Landlord’s Insurance Obligation. At all times from and after the Effective Date, Landlord shall maintain in effect a policy or policies of insurance providing protection for the following liabilities and/or risks: (a) public liability for bodily injury and property damage arising from Landlord's ownership and/or operation of the Property with coverage limits at least equal to those Tenant is required to maintain in accordance with Section 12.3 (a), and (b) any peril, in Landlord's sole discretion, insurable under an All Risk policy covering the building of which the Premises are a part, exclusive of any item insured by Tenant pursuant to Section 12.3 (e), in an amount which is the greater of eighty percent (80%) of its full replacement cost (exclusive of the cost of excavations, foundations and footings) or such amount as Landlord's mortgagee or beneficiary may require Landlord to maintain. Landlord's obligation to carry the All Risk insurance provided for in this Section 12.2 may be satisfied by inclusion of said building within the coverage of any so-called blanket policy or policies of insurance carried and maintained by Landlord, provided that the coverage afforded will not be reduced or diminished by reason of the use of such blanket policies of insurance. Landlord may, at Landlord's sole discretion, maintain during the Lease Term, at Tenant's expense, a policy of rental income insurance covering a period of one year, with loss payable to Landlord in an amount equal to one year's Minimum Annual Rental plus estimated property taxes, insurance premiums, and Operating Expenses payable by Tenant.
Landlord’s Insurance Obligation. At all times from and after the Effective Date that Landlord is responsible to maintain portions of the Common Area of the Shopping Center pursuant to Section 8.2 hereof, Landlord shall maintain in effect a policy or policies of public liability insurance providing protection bodily injury , death, and property damage arising from Landlord's ownership and/or operation such portion of the Shopping Center with coverage limits at least equal to those Tenant is required to maintain in accordance with Section 12.3(a).
Landlord’s Insurance Obligation. Throughout the term of the Lease, Landlord shall maintain a full replacement value policy of insurance on all of the Building against damage by all risks of physical loss or damage, and general liability insurance, to the extent customarily insured by owners of property similar to the Building in the same area.
Landlord’s Insurance Obligation. At all times from and after the Execution Date, Landlord shall maintain in effect insurance providing protection for the following liabilities and/or risks: (a) commercial general liability insurance for bodily injury and property damage arising from Landlord's ownership and/or operation of the H&H Project with coverage limits selected by Landlord, and (b) loss or damage due to fire and such other perils as Landlord deems appropriate (which may, in Landlord's sole and absolute discretion, include earthquake), covering the H&H Project, exclusive of any item that Tenant is required to insure or any item, building or improvement that another party is required to insure, in an amount that is eighty percent (80%) of its full replacement cost (exclusive of the cost of excavations, foundations, and footings).
