Common use of Landlord’s Insurance Obligations Clause in Contracts

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.

Appears in 3 contracts

Samples: Lease (Play Co Toys & Entertainment Corp), Lease (Play Co Toys & Entertainment Corp), Lease (Play Co Toys & Entertainment Corp)

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Landlord’s Insurance Obligations. Landlord agrees to obtain and maintain during the Term hereofTerm, 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 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)Tenantl. Landlord shall also carry rental interruption insurance in amounts at least equal to Tenant's total rental obligation for at least 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 described in Section 5.2 hereof.

Appears in 1 contract

Samples: Lease (Play Co Toys & Entertainment Corp)

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Landlord’s Insurance Obligations. Landlord agrees to obtain and maintain during the Term hereofTerm, 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 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 at least 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 described in Section 5.2 hereof.

Appears in 1 contract

Samples: Lease (Play Co Toys & Entertainment Corp)

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