Common use of Lessee’s Insurance Clause in Contracts

Lessee’s Insurance. a. Lessee shall at Lessee’s sole cost and expense shall keep the Leased Premises now and at all times hereafter insured with minimum liability coverage limits available from time to time, but in no event less than $300,000.00, either by a Texas standard homeowner’s form policy or other form of comprehensive personal liability policy. b. All policies of insurance shall be issued by an insurance company or companies having a Best's rating of not less than “A” as stated in the most current available Best's insurance reports (or comparable rating service if Best's reports are not currently being published), licensed to do business in the State of Texas. All policies of insurance shall be in form and substance reasonably satisfactory to Lessor with Lessor shown as an additional insured if available. All insurance policies obtained by Lessee shall be written as primary policies (primary over any insurance carried by Lessor), not contributing with and not in excess of coverage which Lessor may carry, if any. Lessee shall deliver to Lessor certificates or copies of all policies of required insurance and, upon request from Lessor, proof of the payment of the premiums. All such policies shall contain a provision that such policies will not be canceled or materially amended, including any reduction in the scope or limits of coverage, without ten (10) days prior written notice to Lessor. In the event Lessee fails to maintain, or cause to be maintained, or deliver and furnish to Lessor a certificate of insurance for policies of insurance required by this Lease, Lessor may procure liability coverage insurance for the benefit only of Lessor for such risks covering Lessor's interests, and Lessee will pay all premiums thereon as Additional Rent within thirty (30) days after demand by Lessor. In the event Lessee fails to reimburse Lessor for such premiums when due, the amount of all such premiums shall bear interest at the Default Rate. Lessor shall have no obligation to insure the Leased Premises or any Improvements located thereon.

Lessee’s Insurance. a. Lessee shall at Lessee’s sole cost and expense shall keep the Leased Premises now and at all times hereafter insured with minimum liability coverage limits available from time to time, but in no event less than $300,000.00, either by a Texas standard homeowner’s form policy or other form of comprehensive personal liability policy. b. All policies of insurance shall be issued by an insurance company or companies having a Best's rating of not less than “A” as stated in the most current available Best's insurance reports (or comparable rating service if Best's reports are not currently being published), licensed to do business in the State of Texas. All policies of insurance shall be in form and substance reasonably satisfactory to Lessor with Lessor Xxxxxx shown as an additional insured if available. All insurance policies obtained by Lessee shall be written as primary policies (primary over any insurance carried by Lessor), not contributing with and not in excess of coverage which Lessor may carry, if any. Lessee shall deliver to Lessor certificates or copies of all policies of required insurance and, upon request from Lessor, proof of the payment of the premiums. All such policies shall contain a provision that such policies will not be canceled or materially amended, including any reduction in the scope or limits of coverage, without ten (10) days prior written notice to Lessor. In the event Lessee fails to maintain, or cause to be maintained, or deliver and furnish to Lessor a certificate of insurance for policies of insurance required by this Lease, Lessor may procure liability coverage insurance for the benefit only of Lessor for such risks covering Lessor's interests, and Lessee will pay all premiums thereon as Additional Rent within thirty (30) days after demand by Lessor. In the event Lessee Xxxxxx fails to reimburse Lessor for such premiums when due, the amount of all such premiums shall bear interest at the Default Rate. Lessor shall have no obligation to insure the Leased Premises or any Improvements located thereon.

Lessee’s Insurance. a. Lessee Lessee, in order to enable it to meet its obligations to insure against the liabilities specified in this Lease, shall at Lessee’s sole cost and expense shall keep the Leased Premises now and at all times hereafter insured during the Lease Term, at its own expense, for the protection of Lessee, Lessor, Lessor’s mortgagee and Lessor’s management agent, as their interests may appear, carry one or more policies of general public liability and property damage insurance, issued by one or more insurance companies acceptable to Lessor, with the following minimum coverages: Worker’s Compensation Minimum Statutory Amount Comprehensive General Liability Insurance, including blanket contractual liability, broad form property damage, personal injury, completed operations, products liability coverage limits available from time to time, but in no event less and fire damage. Not Less than $300,000.001,000,000 combined single limit for both bodily injury and property damage. Fire and extended coverage, either by a Texas standard homeownervandalism and malicious mischief, and sprinkler leakage insurance Full cost of replacement of Lessee’s form property and fixtures located in the Demised Premises Such insurance policy or other form of comprehensive personal liability policy. b. All policies of insurance shall be issued by an insurance company or companies having a Best's rating of not less than “A” as stated in the most current available Best's insurance reports (or comparable rating service if Best's reports are not currently being published), licensed to do business in the State of Texas. All policies of insurance shall be in form and substance reasonably satisfactory to Lessor with Lessor shown as an additional insured if available. All insurance policies obtained by Lessee shall be written as primary policies (primary over any insurance carried by Lessor), not contributing with and not in excess of coverage which Lessor may carry, if any. Lessee shall deliver to Lessor certificates or copies of all policies of required insurance and, upon request from name Lessor, proof of the payment of the premiums. All such policies Lessor’s mortgagee and Lessor’s management agent as additional insureds and shall contain a provision provide that such policies will insurance may not be canceled or materially amended, including any reduction in the scope or limits of coverage, without on less than ten (10) days prior written notice to Lessor. In the event Lessee fails shall furnish Lessor with a copy of all certificates evidencing such insurance. Should Lessee fail to maintain, or cause to be maintained, or deliver and carry such insurance and/or furnish to Lessor with a certificate copy of insurance for policies of insurance required by this Lease, Lessor may procure liability coverage insurance for the benefit only of Lessor for all such risks covering Lessor's interests, and Lessee will pay all premiums thereon as Additional Rent certificates within thirty five (305) days after demand by Lessor. In the event Lessee fails a request to reimburse Lessor for such premiums when duedo so, the amount of all such premiums shall bear interest at the Default Rate. Lessor shall have no obligation the right to insure obtain such insurance and collect the Leased Premises cost thereof from Lessee upon demand. Neither the minimum insurance coverages required herein, nor the types of insurance coverages required hereby shall be interpreted or construed as any Improvements located thereonlimitation on Lessee’s liability under this Lease.

Lessee’s Insurance. a. Lessee shall agrees that at Lessee’s sole cost and expense expense, at such future date when Lessee undertakes to utilize the Lease Land for business or operational purposes, that at that time, it shall keep the Leased Premises now and at all times hereafter insured with minimum liability coverage limits available from time to time, but in no event less than $300,000.00, either by a Texas standard homeowner’s form policy or other form of comprehensive personal liability policy. b. All policies of insurance shall be issued by an insurance company or companies having a Best's rating of not less than “A” as stated in the most current available Best's insurance reports (or comparable rating service if Best's reports are not currently being published), licensed to do business in the State of Texas. All policies of insurance shall be in form and substance reasonably satisfactory to Lessor with Lessor shown as an additional insured if available. All insurance policies obtained by Lessee shall be written as primary policies (primary over any insurance carried by Lessor), not contributing with and not in excess of coverage which Lessor may carry, if any. Lessee shall deliver to Lessor certificates or copies of all policies of required insurance and, upon request from Lessor, proof of the payment of the premiums. All such policies shall contain a provision that such policies will not be canceled or materially amended, including any reduction in the scope or limits of coverage, without ten (10) days prior written notice to Lessor. In the event Lessee fails to maintain, or cause to be maintained, or deliver and furnish to Lessor a certificate of insurance for policies of insurance required by this Lease, Lessor may procure liability coverage insurance for the benefit only of Lessor for such risks covering Lessor's interests, and Lessee will pay all premiums thereon as Additional Rent within thirty (30) days after demand by Lessor. In the event Lessee fails to reimburse Lessor for such premiums when due, the amount of all such premiums shall bear interest at the Default Rate. Lessor shall have no obligation to insure the Leased Premises or any Improvements located thereon.. LAND LEASE AGREEMENT (25 YEAR LEASE)

Lessee’s Insurance. a. Lessee shall at Lessee’s sole cost and expense shall keep the Leased Premises now and at all times hereafter insured with minimum liability coverage limits available from time that are acceptable to time, but in no event less than $300,000.00, either by a Texas standard homeowner’s form policy or other form of comprehensive personal liability policythe District. b. All policies of insurance shall be issued by an insurance company or companies having a Best's rating of not less than “A” as stated in the most current available Best's insurance reports (or comparable rating service if Best's reports are not currently being published), licensed to do business in the State of Texas. All policies of insurance shall be in form and substance reasonably satisfactory to Lessor with Lessor shown as an additional insured if available. All insurance policies obtained by Lessee shall be written as primary policies (primary over any insurance carried by Lessor), not contributing with and not in excess of coverage which Lessor may carry, if any. Lessee shall deliver to Lessor certificates or copies of all policies of required insurance and, upon request from Lessor, proof of the payment of the premiums. All such policies shall contain a provision that such policies will not be canceled or materially amended, including any reduction in the scope or limits of coverage, without ten (10) days prior written notice to Lessor. In the event Lessee fails to maintain, or cause to be maintained, or deliver and furnish to Lessor a certificate of insurance for policies of insurance required by this Lease, Lessor may procure liability coverage insurance for the benefit only of Lessor for such risks covering Lessor's interests, and Lessee will pay all premiums thereon as Additional Rent within thirty (30) days after demand by Lessor. In the event Lessee fails to reimburse Lessor for such premiums when due, the amount of all such premiums shall bear interest at the Default Rate. Lessor shall have no obligation to insure the Leased Premises or any Improvements located thereonPremises.

Lessee’s Insurance. a. Lessee shall shall, at Lessee’s its sole cost and expense shall keep expense, obtain and maintain a commercial general liability insurance, insuring Lessor, Xxxxxx's mortgagee and Lessee against all claims, demands or actions arising out of or in connection with injury to or death of a person or persons and for damage to or destruction of property occasioned by or arising out of or in connection with the use or occupancy of the Leased Premises now Premises, with limits as set forth in Exhibit “D”, attached hereto. Lessee will review this coverage annually and at all times hereafter insured with minimum liability coverage increase limits available from time to time, but in no event less than $300,000.00, either by a Texas standard homeowner’s form policy or other form of comprehensive personal liability policyas reasonably prudent for first-class commercial businesses. b. All policies of insurance shall be issued by an insurance company or companies having a Best's rating of not less than “A” as stated in the most current available Best's insurance reports (or comparable rating service if Best's reports are not currently being published), licensed to do business in the State of Texas. All policies of insurance shall be in form and substance reasonably satisfactory to Lessor with Lessor Xxxxxx shown as an additional insured if availableinsured. All insurance policies obtained by Lessee shall be written as primary policies (primary over any insurance carried by Lessor), not contributing with and not in excess of coverage which Lessor may carry, if any. Lessee shall deliver to Lessor certificates or copies of all policies of required insurance and, upon request from Lessor, proof of the payment of the premiums. Thirty (30) days prior to the expiration of each of the policies required hereunder, Lessee shall furnish Lessor with certificate of insurance in force or replacement coverage and meeting the standards hereinabove provided, all as required by this Lease. All such policies shall contain a provision that such policies will not be canceled or materially amended, including any reduction in the scope or limits of coverage, without ten (10) days prior written notice to Lessor. In the event Lessee fails to maintain, or cause to be maintained, or deliver and furnish to Lessor a certificate certified copies of insurance for policies of insurance required by this Lease, Lessor may procure liability coverage such insurance for the benefit only of Lessor for such risks covering Lessor's interests, and Lessee will pay all premiums thereon as Additional Rent within thirty (30) days after demand by Lessor. In the event Lessee fails to reimburse Lessor for pay such premiums when due, (or reimburse Lessor) upon demand the amount of all such premiums shall bear interest at the Default Rate. Lessor shall have no obligation to insure the Leased Premises or any Improvements buildings, structures or improvements located thereon.