Lessee to Insure. The Lessee shall insure and keep insured the Premises against loss or damage from fire, flood, explosion, lightning, storm, earthquake and volcanic activity to the full replacement value thereof. The insurance shall be effected in the joint names of the Lessor and the Lessee for their respective rights, interests and obligations in relation to the Premises and in terms of this Lease. Such insurance shall be with an insurance company or underwriter approved by the Lessor, which approval shall not be unreasonably withheld.
Lessee to Insure. The Lessee must hold and keep current throughout the Term and for long as the Lessee occupies the Lease Area, contracts of inshuarance wit reputable insurer lawfully carrying on insurance business in Australi indemnifying:
(a) W K H 0 L Q L V W H U ¶ V D Q G W K H / H V V H H ¶ V U H V
Lessee to Insure. The Lessee will insure the Building in the name of the Lessee against fire, earthquake and other risks for its full insurance value with an insurance company licensed under section 19, 244 or 245 of the Insurance (Prudential Supervision) Xxx 0000. or The Lessee will maintain a contingency fund to ensure that, in the event of the Lessee not repairing the existing building or re-building on the site, there are sufficient funds available to clear the Land of any debris and contamination and restore the site it to its original condition or as close as is reasonably practicable.
Lessee to Insure. The Lessee will take out and keep in force during the Term of this Lease all perils replacement cost insurance for the Lessee's trade fixtures, furniture and equipment, commercial general liability (including bodily injury, death and property damage) and tenant's legal liability insurance all in amounts and with policies and forms satisfactory from time to time to the Lessor (but in any event not less than $5,000,000.00 inclusive limits) each with insurers and upon terms acceptable to the Lessor. Each such policy shall name the Lessor as an additional insured as its interest may appear and shall provide that the insurer shall not have any right of subrogation against the Lessor on account of any loss or damage covered by such insurance or on account of payments made to discharge claims against or liabilities of the Lessor, by such insurance. The cost of premium for each and every such insurance policy shall be paid by the Lessee. The Lessee shall obtain from the insurers under such policies undertakings to notify the Lessor in writing at least thirty (30) days prior to any cancellation thereof or any material change therein. The Lessee agrees at the request of the Lessor to forthwith provide the Lessor with written evidence of the existence of the insurance policies described herein. The Lessee shall not do or omit or permit to be done or omitted upon the Demised Premises anything which shall cause the rate of insurance upon the Building to be increased and the Lessee shall comply with any and all requirements pertaining to the Demised Premises of any insurance organization or company necessary for the maintenance of reasonable fire and other insurance covering the Demised Premises or the Building.
Lessee to Insure. The Lessee must:
(a) in connection with the Premises and any Car Spaces, maintain with insurers and on terms reasonably approved by the Lessor in the name of the Lessee, and noting the interest of the Lessor and any other person specified by the Lessor:
(i) public liability insurance for at least the amount in Item 11 (as varied by notice from the Lessor from time to time);
(ii) plate glass insurance for its full insurable value;
(iii) insurance for the Lessee’s Property for its full replacement value, including stock, theft, fire and flood damage;
(iv) other insurances which are required by Law or which, in the Lessor's reasonable opinion, a prudent lessee would take out including those in connection with workers compensation, the Lessee's Business, the Lessee's Property and any Lessee Works on the Premises;
(b) include all standard cross liability clauses for insurances under clause 13.1(a);
(c) no less than 1 month before each anniversary of the Commencing Date give the Lessor a certificate of currency for all insurances under clause 13.1(a) and, if requested, a copy of the full policy;
(d) notify the Lessor immediately if an insurance policy required by clause
13.1 is cancelled or an event occurs which may allow a claim or affect rights under an insurance policy in connection with the Premises, Centre, Land or any property in or on them.
Lessee to Insure. The Lessee must hold and keep current throughout the Term and for as long as the Lessee occupies the Lease Area, contracts of insurance with a reputable insurer lawfully carrying on insurance business in Australia, indemnifying:
(a) the Minister’s and the Lessee’s respective liability for:
(i) personal injury to, or death of, a third party; and
(ii) either or both loss of, or damage to, the property of a third party; for at least the sum shown in Item 5 of Schedule 2, for each individual claim or series of claims arising out of a single occurrence, or for such other amount as the Minister reasonably determines from time to time;
(b) the Lessee’s liability for workers' compensation; and
(c) any other risks that the Minister reasonably requires the Lessee to insure against, for the amount stipulated by the Minister, to the extent that the claim for indemnity is not caused by the Minister’s wrongful (including negligent) act or omission. The liability to be insured against under paragraph (a) is liability arising from, or attributable to, the Lessee’s occupation or use of the Lease Area, to the extent that the injury, death, damage or loss is caused by a wrongful (including negligent) act or omission of the Lessee or the Lessee’s employees, agents, sub-contractors or invitees.
