Common use of Landlord’s Public Liability Insurance Clause in Contracts

Landlord’s Public Liability Insurance. During the Term, Landlord shall, at Tenant’s sole cost and expense, obtain, carry and maintain public liability insurance against claims for personal injury, death or property damage suffered by others upon, in or about the Premises or other properties and activities maintained by Landlord; or occurring as a result of the maintenance or operation by Landlord of any automobiles, trucks or other vehicles or airplanes or other facilities; or as a result of the use of products sold by Landlord or services rendered by Landlord; or any claims arising out of the business or activities of Landlord or assumed contractually under this Lease in amounts reasonable and customary in context of the Landlord’s business or activities. In no event shall such insurance have limits less than Two Million and No/100ths Dollars ($2,000,000.00), written as a combined single limit per accident or occurrence; Three Million and No/100ths Dollars ($3,000,000.00) in the aggregate; and a blanket excess liability limit in an amount not less than One Million and No/100ths Dollars ($1,000,000.00). All insurance required to be carried and maintained by Landlord hereunder shall name Tenant as an additional insured. The policy(s) of insurance required hereunder shall be obtained from an insurance company(s) authorized to do business in the State of South Carolina with an A.M. Best’s rating of A- or greater. Landlord shall deliver to Tenant certificate(s) of such insurance policy(s), together with evidence of the payment of the premium(s) therefor, prior to the expiration of the policy then in force. All insurance policy(s) required hereunder shall provide for not less than thirty (30) days written notice to Tenant prior to any cancellation or amendment of such policy(s).

Appears in 3 contracts

Samples: Lease Agreement, Lease Agreement, Lease Agreement

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Landlord’s Public Liability Insurance. During the Term, Landlord shall, at Tenant’s sole cost and expense, obtain, carry and maintain public liability insurance against claims for personal injury, death or property damage suffered by others upon, in or about the Premises or other properties and activities maintained by Landlord; or occurring as a result of the maintenance or operation by Landlord of any automobiles, trucks or other vehicles or airplanes or other facilities; or as a result of the use of products sold by Landlord or services rendered by Landlord; or any claims arising out of the business or activities of Landlord or assumed contractually under this Lease in amounts reasonable and customary in context of the Landlord’s business or activities. In no event shall such insurance have limits less than Two Million and No/100ths Dollars ($2,000,000.00), written as a combined single limit per accident or occurrence; Three Million and No/100ths Dollars ($3,000,000.00) in the aggregate; and a blanket excess liability limit in an amount not less than One Million and No/100ths Dollars ($1,000,000.00). All insurance required to be carried and maintained by Landlord hereunder shall name Tenant as an additional insured. The policy(s) of insurance required hereunder shall be obtained from an insurance company(s) authorized to do business in the State of South Carolina with an A.M. Best’s rating of A- or greater. Landlord shall deliver to Tenant certificate(s) of such insurance policy(s), together with evidence of the payment of the premium(s) therefor, prior to the expiration of the policy then in force. All insurance policy(s) required hereunder shall provide for not less than thirty (30) days written notice to Tenant prior to any cancellation or amendment of such policy(s).. ELECTRONICALLY FILED - 2020 Feb 14 2:23 PM - GREENVILLE - COMMON PLEAS - CASE#2020CP2300012

Appears in 1 contract

Samples: Lease Agreement

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Landlord’s Public Liability Insurance. During the Term, Landlord shall, at Tenant’s sole cost and expense, obtain, carry and maintain public liability insurance against claims for personal injury, death or property damage suffered by others upon, in or about the Premises or other properties and activities maintained by Landlord; or occurring as a result of the maintenance or operation by Landlord of any automobiles, trucks or other vehicles or airplanes or other facilities; or as a result of the use of products sold by Landlord or services rendered by Landlord; or any claims arising out of the business or activities of Landlord or assumed contractually under this Lease in amounts reasonable and customary in context of the Landlord’s business or activities. In no event shall such insurance have limits less than Two Million and No/100ths Dollars ($2,000,000.00), written as a combined single limit per accident or occurrence; Three Million and No/100ths Dollars ($3,000,000.00) in the aggregate; and a blanket excess liability limit in an amount not less than One Million and No/100ths Dollars ($1,000,000.00). All insurance required to be carried and maintained by Landlord hereunder shall name Tenant as an additional insured. The policy(s) of insurance required hereunder shall be obtained from an insurance company(s) authorized to do business in the State of South Carolina with an A.M. Best’s rating of A- or greater. Landlord shall deliver to Tenant certificate(s) of such insurance policy(s), together with evidence of the payment of the premium(s) therefor, prior to the expiration of the policy then in force. All insurance policy(s) required hereunder shall provide for not less than thirty (30) days written notice to Tenant prior to any cancellation or amendment of such policy(s).. ELECTRONICALLY FILED - 2020 Jun 29 9:24 AM - GREENVILLE - COMMON PLEAS - CASE#2020CP2300012

Appears in 1 contract

Samples: Lease Agreement

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