Landlord’s Insurance Obligations. Landlord will (except for the optional coverages and endorsements Section 10.2.1 describes) at all times during the Term maintain the insurance this Section 10.2 describes. All premiums and other costs and expenses Landlord incurs in connection with maintaining such insurance are Operating Expenses.
Landlord’s Insurance Obligations. Subject to the preceding sentence, Landlord will at all times during the Term maintain property insurance on the Buildings and all other improvements and real property at the Property, including the Photo Booth, providing coverage at least as broad as the current ISO Special Form (“all-risks”) policy in an amount not less than the full insurable replacement cost. Landlord may maintain such insurance in whole or in part under blanket policies. Such insurance will not cover or be applicable to any personal property of Tenant within the Premises or otherwise located at the Property. DT-Carvana Lease 8 Landlord may also obtain commercial general liability insurance and/or errors and omissions liability against claims for bodily injury, personal injury, and property damage occurring at the Property in such amounts as Landlord deems necessary or appropriate. Such liability insurance will protect only Landlord and, at Landlord’s option, Landlord’s lender and some or all of the Landlord Parties, and does not replace or supplement the liability insurance this Lease obligates Tenant to carry. To the extent not prohibited by the Laws, Landlord, on behalf of Landlord and its insurers, waives, releases and discharges Tenant and Tenant’s employees, agents, contractors and invitees (“Tenant Parties”) from all claims arising out of personal injury or damage to or destruction of the Building, Land, Common Areas and/or Property, or loss of use of the Building, Land, Common Areas and/or Property, occasioned by any fire or other casualty or occurrence whatsoever (whether similar or dissimilar) unless any such claim results from the criminal conduct of Tenant, and Landlord will look only to Landlord’s insurance coverage (regardless whether Landlord maintains any such coverage) in the event of any such claim. Landlord’s policy or policies of property insurance will permit releases of liability and will provide for waiver of subrogation as provided in this Section. Premiums for property insurance, but not liability insurance, paid by Landlord shall be included in Operating Expenses and Tenant shall pay Tenant’s Share thereof.
Landlord’s Insurance Obligations. Landlord shall, at Landlord’s sole cost and expense, at all times during the Term maintain the insurance described in the attached Exhibit F-2. Landlord in its sole discretion may elect to self-insure any or all coverage set for in Exhibit F-2.
Landlord’s Insurance Obligations. Landlord agrees to obtain and maintain during the Term hereof, to the extent the same is available, fire and extended coverage insurance, in amounts and coverages and with such special endorsements as Landlord shall determine from time to time, insuring the building in which the Leased Premises are located and the improvements to the Leased Premises provided by Tenant pursuant to this Lease (exclusive of Tenant's merchandise, trade fixtures, furnishings, equipment, plate glass, signs and personal property of Tenant). Landlord shall also carry rental interruption insurance in amounts at least equal to Tenant's total rental obligation for twelve (12) full months under this Lease including the total of the estimated costs to Tenant of Taxes and Common Area Maintenance Expenses (including insurance) for such twelve (12) month period. Tenant shall reimburse Landlord for its proportionate share of the insurance costs incurred by Landlord under this Section 8.1 as part of Tenant's Common Area Maintenance Expenses as provided in Section 5.2 hereof.
Landlord’s Insurance Obligations. Landlord shall maintain comprehensive public liability insurance coverage against claims for personal injury, death, or property damage resulting from any act or omission of Landlord occurring in or upon the Building, Premises, the Common Areas and the Project with a combined single limit for bodily injury and property damage of not less than $1,000,000 per occurrence and $2,000,000 in the aggregate, and at least a $5,000,000 umbrella. Landlord shall procure and maintain, throughout the Term of this Lease, a policy or policies of “all risk” and/or other comparable hazard and casualty property insurance, insuring the Building and the Project against loss by fire or, as determined by Landlord, other casualties in an amount equal to the replacement cost basis for the full insurable valuable of the Project. Landlord shall also carry rental loss insurance insunng the loss of all Rent required to be paid by Tenant hereunder for up to twelve (12) months. In addition, property insurance coverage will be maintained by Landlord upon the Building and the Project, inclusive of the Premises. In no event shall any such insurance requirement be deemed to constitute an obligation by 1049651.11/SF 373398-00076/li-i3-17/arb/jil 19 Recursion Pharmaceuticals, Inc.
Landlord’s Insurance Obligations. The Landlord shall:
Landlord’s Insurance Obligations.
2.1 The Landlord must insure (with a reputable insurer):
2.1.1 the Premises against the Insured Risks in their full reinstatement cost (including all professional fees and incidental expenses, debris removal, site clearance and irrecoverable VAT);
2.1.2 against public liability relating to the Premises; and
2.1.3 loss of the Main Rent for the Risk Period, subject to all excesses, limitations and exclusions as the insurers may impose and otherwise on the insurer’s usual terms.
2.2 In relation to the insurance, the Landlord must:
2.2.1 procure the Tenant’s interest in the Premises to be noted either specifically or generally on the policy;
2.2.2 take reasonable steps to procure that the insurers waive any rights of subrogation they might have against the Tenant (either specifically or generally);
2.2.3 notify the Tenant promptly of all material variations; and
2.2.4 provide the Tenant with a summary of its main terms upon the Tenant’s written request.
2.3 The Landlord must take reasonable steps to obtain any consents necessary for the reinstatement of the Premises following destruction or damage by an Insured Risk.
2.4 Where it is lawful to do so, the Landlord must reinstate the Premises so far as practicable following destruction or damage by an Insured Risk. Reinstatement need not be identical if the replacement is similar in size, quality and layout. This obligation is subject to the Tenant complying with paragraph 1.1(c) and, where applicable, paragraph 1.1.2.
2.5 Nothing in this paragraph 2 imposes any obligation on the Landlord to insure or to reinstate tenant’s fixtures forming part of the Premises.
2.6 The Landlord's obligations under paragraphs 2.3 and 2.4 do not apply:
2.6.1 unless and until the Tenant has paid the amounts referred to in paragraph 1.1(c) and, where applicable, paragraph 1.1.2; or
2.6.2 if the Landlord notifies the Tenant under paragraph 4.1 that it ends the Lease.
2.7 Subject to the insurance premiums being reasonable and proper and reasonably and properly incurred, the Landlord is entitled to retain all insurance commissions for its own benefit.
Landlord’s Insurance Obligations. Landlord will at all times during the Term maintain the insurance this Section 10.2 requires.
Landlord’s Insurance Obligations. Landlord shall maintain in effect a policy or policies of insurance covering the building of which the Premises are a part, including the leasehold improvements included within "Landlord's Work" as described in Exhibit B (but not "Tenant's Work", Tenant's leasehold improvements, alterations or additions permitted under this Lease, Tenant's trade fixtures, signs, merchandise or other personal property), in an amount not less than eighty (80) percent of its full replacement cost (exclusive of excavations, foundations and footings) during the Lease Term, providing protection against any peril generally included in the classification "Fire and Extended Coverage" (and "earthquake insurance" and "flood insurance" if Landlord deems desirable), together with insurance against sprinkler damage, vandalism and malicious mischief and such further insurance as Landlord or Landlord's lender deems necessary or desirable. Landlord's obligation to carry the insurance provided for herein may be brought within the coverage of a so-called blanket policy or policies of insurance carried and maintained by Landlord, as long as the coverage afforded will not be reduced or diminished by reason of the use of such blanket policy or policies of insurance. If Landlord carries insurance under a blanket policy or policies, the insurance allocation among the respective retail locations covered by such policy or policies shall be determined according to standard industry practice.
Landlord’s Insurance Obligations. During the Term of this Lease, Landlord shall at all times maintain insurance covering all areas of the Project which do not constitute a part of the Premises. The kinds and amounts of insurance shall be as Landlord deems necessary and appropriate, or as may be required by Landlord’s Mortgagee or Ground Lessor, and shall be written by companies authorized to do insurance business in the state in which the Premises is located and with an AM Best rating of at least A VIII (or comparable rating). Landlord’s Mortgagee shall be the loss payee under the property coverage (or, if there is no Landlord’s Mortgagee, then Landlord shall be designated as the loss payee). Certificates of insurance shall be delivered to Tenant upon Tenant’s written request. Notwithstanding anything to the contrary contained in this Section, Landlord’s obligations to carry the insurance provided for herein may be brought within the coverage of a so-called blanket policy or policies of insurance carried and maintained by Landlord and its Affiliates; provided that the coverage afforded Landlord will not be reduced or diminished or otherwise be different from that which would exist under separate policies meeting all other requirements of this Lease (e.g., “all risk” property coverage is scheduled with full limits for this location and the general liability policy includes per location aggregate language); provided further that the requirements of this Section 11.8 are otherwise satisfied.
