Landlord’s Insurance Obligations. 34 2.1 The Landlord must insure (with a reputable insurance company): 34 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). 34 2.1.2 against public liability relating to the Premises; and 34 2.1.3 the Main Rent for the Risk Period, 34 2.2 In relation to the insurance, the Landlord must: 34 2.2.1 procure the Tenant’s interest in the Premises is noted either specifically or generally on the policy; 35 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); 35 2.2.3 notify the Tenant promptly of all material variations; and 35 2.2.4 provide the Tenant with a summary of its main terms upon the Tenant’s written request. 35 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. 35 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 1.1.1(c) and, where applicable, paragraph 1.1. 2.5 The Landlord's obligations under paragraphs 2.3 and 2.4 will not apply: 35 2.5.1 unless and until the Tenant has paid the amounts referred to in paragraph 1.1.1(c) and, where applicable, paragraph 1.1.2; [or] 35 2.5.2 if the Landlord notifies the Tenant under paragraph 4.1 that it ends the Lease. 35 2.6 If there is destruction or damage to the Premises by an Uninsured Risk that renders the Premises unfit for occupation and use and the Landlord notifies the Tenant within 12 months afterwards that the Landlord wishes to reinstate, paragraphs 2.3 and 2.4 will then apply as if the damage or destruction had been caused by an Insured Risk. 35 2.7 Subject to the insurance premiums being reasonable and proper and reasonably and properly incurred, the Landlord will be entitled to retain all insurance commissions for its own benefit. 35
Appears in 1 contract
Samples: Lease Agreement
Landlord’s Insurance Obligations. 34
2.1 The Landlord must insure (with a reputable insurance company): 34insurer):
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). 34;
2.1.2 against public liability relating to the Premises; and 34and
2.1.3 loss of the Main Rent for the Risk Period, 34subject 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: 34:
2.2.1 procure the Tenant’s interest in the Premises is to be noted either specifically or generally on the policy; 35;
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); 35;
2.2.3 notify the Tenant promptly of all material variations; and 35and
2.2.4 provide the Tenant with a summary of its main terms upon the Tenant’s written request. 35.
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. 35Risk.
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 1.1.1(c1.1(c) and, where applicable, paragraph 1.11.1.2.
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.
2.5 2.6 The Landlord's obligations under paragraphs 2.3 and 2.4 will do not apply: 35:
2.5.1 2.6.1 unless and until the Tenant has paid the amounts referred to in paragraph 1.1.1(c1.1(c) and, where applicable, paragraph 1.1.2; [or] 35
2.5.2 2.6.2 if the Landlord notifies the Tenant under paragraph 4.1 that it ends the Lease. 35
2.6 If there is destruction or damage to the Premises by an Uninsured Risk that renders the Premises unfit for occupation and use and the Landlord notifies the Tenant within 12 months afterwards that the Landlord wishes to reinstate, paragraphs 2.3 and 2.4 will then apply as if the damage or destruction had been caused by an Insured Risk. 35.
2.7 Subject to the insurance premiums being reasonable and proper and reasonably and properly incurred, the Landlord will be is entitled to retain all insurance commissions for its own benefit. 35.
Appears in 1 contract
Samples: Lease Agreement
Landlord’s Insurance Obligations. 34
2.1 The Landlord must insure (with a reputable insurance company): 34insurer):
2.1.1 the Premises Building against the Insured Risks in their its full reinstatement cost (including all professional fees and incidental expenses, debris removal, site clearance and irrecoverable VAT). 34;
2.1.2 against public liability relating to the PremisesBuilding; and 34and
2.1.3 loss of the Main Rent and Service Charge for the Risk Period, 34,
2.2 In relation to the insurance, the Landlord must: 34:
2.2.1 procure the Tenant’s interest in the Premises is noted either specifically or generally on the policy; 35;
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); 35;
2.2.3 notify the Tenant promptly of all material variations; and 35and
2.2.4 provide the Tenant with a summary of its main terms upon the Tenant’s written request. 35.
2.3 The Landlord must take reasonable steps to obtain any consents necessary for the reinstatement of the Premises Building following destruction or damage by an Insured Risk. 35.
2.4 Where it is lawful to do so, the Landlord must reinstate the Premises so far as practicable Building following destruction or damage by an Insured RiskRisk as soon as reasonably practicable after the date of that damage or destruction. 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 1.1.1(c) and, where applicable, paragraph 1.1.
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 or the Building.
2.6 Nothing in paragraph 2.4 will require the Landlord to reinstate any Lettable Units other than the Premises.
2.7 The Landlord's ’s obligations under paragraphs 2.3 and 2.4 will not apply: 35
2.5.1 apply unless and until the Tenant has paid the amounts referred to in paragraph 1.1.1(c1.1.1(d) and, where applicable, paragraph 1.1.2; [or] 351.
2.5.2 if the Landlord notifies the Tenant under paragraph 4.1 that it ends the Lease. 35
2.6 2.8 If there is destruction or damage to the Premises Building by an Uninsured Risk that renders leaves the whole or substantially the whole of the Premises unfit for occupation and use or inaccessible and the Landlord notifies the Tenant within 12 months afterwards that the Landlord wishes to reinstate, paragraphs 2.3 and 2.4 will then apply as if the damage or destruction had been caused by an Insured Risk. 35.
2.7 2.9 Subject to the insurance premiums being reasonable and proper and reasonably and properly incurred, the Landlord will be entitled to retain all insurance commissions for its own benefit. 35.
Appears in 1 contract
Samples: Lease Agreement
Landlord’s Insurance Obligations. 34
2.1 The Landlord must insure (with a reputable insurance company): 34insurer):
2.1.1 the Premises Estate against the Insured Risks in their full reinstatement cost (including all professional fees and incidental expenses, debris removal, site clearance and irrecoverable VAT). 34;
2.1.2 against public liability relating to the PremisesEstate; and 34and
2.1.3 loss of the Main Rent and Service Charge for the Risk PeriodPeriod subject to all excesses, 34limitations 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: 34:
2.2.1 procure the Tenant’s interest in the Premises is noted either specifically or generally on the policy; 35;
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); 35and
2.2.3 notify the Tenant promptly of all material variations; and 35
2.2.4 provide the Tenant with a summary of its main terms upon the Tenant’s written request. 35.
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. 35.
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 layout and allows the Tenant complying with paragraph 1.1.1(c) and, where applicable, paragraph 1.1to use the Premises for the Permitted Use.
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 or the Estate.
2.6 The Landlord's ’s obligations under paragraphs 2.3 and 2.4 will not apply: 35:
2.5.1 2.6.1 unless and until the Tenant has paid the amounts referred to in paragraph 1.1.1(cin
1.1.1 (c) and, where applicable, paragraph 1.1.2; [or] 35
2.5.2 2.6.2 if the Landlord notifies the Tenant under paragraph 4.1 that it ends the Lease. 35.
2.6 2.7 If there is destruction or damage to the Premises by an Uninsured Risk that renders leaves the whole or substantially the whole of the Premises unfit for occupation and use and/or inaccessible and the Landlord notifies the Tenant within 12 months afterwards that the Landlord wishes to reinstate, paragraphs 2.3 and 2.4 will then apply as if the damage or destruction had been caused by an Insured Risk. 35.
2.7 2.8 Subject to the insurance premiums being reasonable and proper and reasonably and properly incurred, the Landlord will be entitled to retain all insurance commissions for its own benefit. 35.
Appears in 1 contract
Samples: Lease
Landlord’s Insurance Obligations. 34
2.1 The Landlord must insure (with a reputable insurance company): 34companyinsurer):
2.1.1 the Premises Centre against the Insured Risks in their its full reinstatement cost (including all professional fees and incidental expenses, debris removal, site clearance and irrecoverable VAT). 34;
2.1.2 against public liability relating to the PremisesCentre; and 34and
2.1.3 loss of the Main Rent and Service Charge for the Risk Period, 34subject to all excesses, limitations and exclusions as the insurers may impose and otherwise on the insurer’s usual terms. 108 Note that clause 2.11 already requires the amounts to be reasonable and proper.
2.2 In relation to the insurance, the Landlord must: 34:
2.2.1 procure the Tenant’s interest in the Premises is noted either specifically or generally on the policy; 35;
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); 35;
2.2.3 notify the Tenant promptly of all material variations; and 35and
2.2.4 provide the Tenant with a summary of its main terms upon the Tenant’s written request. 35.
2.3 The Landlord must take reasonable steps to obtain any consents necessary for the reinstatement of the Premises Centre following destruction or damage by an Insured Risk. 35.
2.4 Where it is lawful to do so, the Landlord must reinstate the Premises so far as practicable Centre 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 1.1.1(c) and, where applicable, paragraph 1.1.
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 or the Centre.
2.6 The Landlord's obligations under paragraphs 2.3 and 2.4 will not apply: 35:
2.5.1 2.6.1 unless and until the Tenant has paid the amounts referred to in paragraph 1.1.1(c1.1.1(d) and, where applicable, paragraph 1.1.21.1.3; [or] 35
2.5.2 2.6.2 if the Landlord notifies the Tenant under paragraph 4.1 that it ends the Lease. 35.
2.6 2.7 If there is destruction or damage to the Premises Centre by an Uninsured Risk that renders leaves the whole or substantially the whole of the Premises unfit for occupation and use or inaccessible and the Landlord notifies the Tenant within 12 months afterwards that the Landlord wishes to reinstate, paragraphs 2.3 and 2.4 will then apply as if the damage or destruction had been caused by an Insured Risk. 35
2.7 Subject to the insurance premiums being reasonable and proper and reasonably and properly incurred, the Landlord will be entitled to retain all insurance commissions for its own benefit. 35paragraphs
Appears in 1 contract
Samples: Lease Agreement
