Common use of Landlord’s Property Insurance Clause in Contracts

Landlord’s Property Insurance. Landlord shall insure the Building during the Lease Term against loss or damage under a “special risk” property insurance policy. Such coverage shall be in such coverage and deductible amounts, from such companies, and on such other terms and conditions, as Landlord may from time to time reasonably determine based on insurance typical of landlords of First Class Life Sciences Projects. Additionally, at the option of Landlord (but subject to the immediately preceding sentence), such insurance coverage may include the risks of earthquakes and/or flood damage and additional hazards, where commercially reasonably obtainable, a rental loss endorsement 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. 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. Tenant shall also provide Landlord with such information regarding the use of the Premises. In the event of a claim, Txxxxx will cooperate with Landlord regarding Lxxxxxxx’s insurance.

Landlord’s Property Insurance. Landlord shall insure carry commercial general liability insurance with respect to the Building during the Lease Term, and shall further insure the Buildings (including the Tenant Improvements) and the Project during the Lease Term (for the full replacement value to the extent consistent with the practices of landlords of comparable buildings) against loss or damage under a “due to fire and other casualties covered within the classification of fire and extended coverage, vandalism coverage and malicious mischief, sprinkler leakage, water damage and special risk” property insurance policyextended coverage. Such coverage shall be in such coverage and deductible amounts, from such companies, and on such other terms and conditions, as Landlord may from time to time reasonably determine based on insurance typical of landlords of First Class Life Sciences Projectsdetermine. Additionally, at the option of Landlord (but subject to the immediately preceding sentence)Landlord, such insurance coverage may include the risks of earthquakes and/or flood damage damage, terrorist acts and additional hazards, where commercially reasonably obtainable, a rental loss endorsement 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. 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 any purpose other than the Permitted Use 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. Tenant shall also provide Landlord with such information regarding the use of the Premises. In the event of a claim, Txxxxx will cooperate with Landlord regarding Lxxxxxxx’s insurance.

Landlord’s Property Insurance. Landlord shall insure the Building ----------------------------- during the Lease Term against loss or damage under due to fire and other casualties covered within the classification of fire and extended coverage (and a “rental loss endorsement), vandalism coverage and malicious mischief, sprinkler leakage, water damage and special risk” property insurance policyextended coverage on the Building for its full replacement. Such coverage shall be in such coverage and deductible amounts, from such companies, and on such other terms and conditions, as Landlord may from time to time is customarily carried by reasonably determine based on insurance typical of prudent landlords of First Class Life Sciences ProjectsBuildings. Additionally, at the option of Landlord (Landlord, but subject to the immediately preceding sentence)provisions of Section 7.1.4, above, such insurance coverage ------------- may include the risks of earthquakes and/or flood damage and additional hazards, where commercially reasonably obtainable, a related rental loss endorsement 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 Buildings or the ground or underlying lessors of the BuildingBuildings, or any portion thereof. Upon inquiry by Tenant, from time to time, Landlord shall inform Tenant shall, at Tenant’s expense, comply with all of such coverage carried by Landlord. Tenant shall neither knowingly use the Premises nor knowingly permit the Premises to be used or acts to be done therein in a manner which will (i) increase the premium of any insurance company requirements pertaining to described in this Section 13.5 unless ------------ Tenant pays for the use increase in such premium; or (ii) cause a cancellation of the Premisesany such insurance policies. 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 expense, Tenant and Landlord 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. Tenant shall also provide Landlord with such information regarding the use of the Premises. In the event of a claim, Txxxxx will cooperate with Landlord regarding Lxxxxxxx’s insurance.

Landlord’s Property Insurance. Landlord shall insure carry commercial general liability insurance with respect to the Building during the Lease Term, and shall further insure the Buildings (including the Tenant Improvements) and the Project during the Lease Term (for the full replacement value to the extent consistent with the practices of landlords of comparable buildings) against loss or damage under a “due to fire and other casualties covered within the classification of fire and extended coverage, vandalism coverage and malicious mischief, sprinkler leakage, water damage and special risk” property insurance policyextended coverage. Such coverage shall be in such coverage and deductible amounts, from such companies, and on such other terms and conditions, as Landlord may from time to time reasonably determine based on insurance typical of landlords of First Class Life Sciences Projectsdetermine. Additionally, at the option of Landlord (but subject to the immediately preceding sentence)Landlord, such insurance coverage may include the risks of earthquakes and/or flood damage damage, terrorist acts and additional hazards, where commercially reasonably obtainable, a rental loss endorsement 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. 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 for any purpose other than the Permitted Use 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. Tenant shall also provide Landlord with such information regarding the use of the Premises. In the event of a claim, Txxxxx will cooperate with Landlord regarding Lxxxxxxx’s insurance.

Landlord’s Property Insurance. Landlord shall insure the Building during the Lease Term against loss or damage under due to fire and other casualties covered within the classification of fire and extended coverage (and a “rental loss endorsement), vandalism coverage and malicious mischief, sprinkler leakage, water damage and special risk” property insurance policyextended coverage on the Building for its full replacement. Such coverage shall be in such coverage and deductible amounts, from such companies, and on such other terms and conditions, as Landlord may from time to time is customarily carried by reasonably determine based on insurance typical of prudent landlords of First Class Life Sciences ProjectsBuildings. Additionally, at the option of Landlord (Landlord, but subject to the immediately preceding sentence)provisions of Section 7.1.4, above, such insurance coverage may include the risks of earthquakes and/or flood damage and additional hazards, where commercially reasonably obtainable, a related rental loss endorsement 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 Buildings or the ground or underlying lessors of the BuildingBuildings, or any portion thereof. Upon inquiry by Tenant, from time to time, Landlord shall inform Tenant shall, at Tenant’s expense, comply with all of such coverage carried by Landlord. Tenant shall neither knowingly use the Premises nor knowingly permit the Premises to be used or acts to be done therein in a manner which will (i) increase the premium of any insurance company requirements pertaining to described in this Section 13.5 unless Tenant pays for the use increase in such premium; or (ii) cause a cancellation of the Premisesany such insurance policies. 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, Tenant and Landlord 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. Tenant shall also provide Landlord with such information regarding the use of the Premises. In the event of a claim, Txxxxx will cooperate with Landlord regarding Lxxxxxxx’s insurance.