Lessor’s Property Insurance. Lessor shall obtain and keep in force during the Term a policy or policies of insurance covering loss or damage to the Project, in the amount of the full replacement value thereof, exclusive of footings and foundations, providing protection against all perils included within the classification of fire, extended coverage, vandalism, malicious mischief, special extended perils (special form). Lessee understands and agrees that the insurance described in this Section 8.4 will not cover Lessee’s personal property, merchandise, stock in trade, trade fixtures and equipment. Lessee shall be responsible for Lessee’s proportionate share of the insurance cost.
Lessor’s Property Insurance. Lessor shall obtain and keep in force during the Term a policy or policies of insurance covering lose or damage to the Project, in the amount of the fun replacement value thereof, exclusive of footings and foundations, providing protection against all perils included within the classification of fire, extended coverage, vandalism, malicious mischief, special extended peril. (special form). Xxxxxx understands and agrees that the insurance described in this Section 8.4 will not cover Xxxxxx's personal property, merchandise, stock in trade, trade fixtures and equipment.
Lessor’s Property Insurance. Subject to Section 6, Lessor shall maintain on the Building a policy of “all risk” hazard insurance in the full amount of its replacement value. All proceeds of any such insurance shall be payable to Lessor and shall be applied to the restoration of the Building to the extent provided in Section 21; any proceeds of such insurance remaining after such restoration shall belong to Lessor.
Lessor’s Property Insurance. Lessor at its expense shall carry special form property insurance insuring the Leased Property at its full replacement value throughout the lease Term and any Renewal Term, and insuring all of its personal property, including any fixtures, located in the Leased Property.
Lessor’s Property Insurance. Lessor shall obtain and keep in force during the Term a policy or policies of insurance covering loss or damage to the Project, in the amount of the full replacement value thereof, exclusive of footings and foundations, providing protection against all perils included within the classification of fire, extended coverage, vandalism, malicious mischief, and special extended perils (special form), including plate glass coverage. Lxxxxx understands and agrees that the insurance described in this Section 8.2 will not cover Lxxxxx’s personal property, merchandise, stock in trade, trade fixtures or equipment in or about the Premises.
Lessor’s Property Insurance. Subject to reimbursement by Lessee as provided herein, Lessor shall obtain "All Risk" property insurance (including inflation endorsement and sprinkler leakage endorsement excluding coverage of any of Lessee's personal property on or in the building) for full replacement value of the Building owned by Lessor exclusive of foundations and footings. Such insurance shall also include coverage for rental loss on an All Risk basis for a period of not less than six (6) months commencing from the date of the loss. Further, such insurance may, if required by Lessor's lender, or if commercially available, include earthquake and flood peril coverage.
Lessor’s Property Insurance. Lessee shall, at Lessee's sole cost --------------------------- and expense maintain a policy of all risk special perils building and personal property insurance with full replacement value coverage in the amount of the Option Price. Such insurance shall comply with all requirements of the holder of the encumbrances on the Property. All proceeds of any such insurance shall be applied to the restoration of the Property.
Lessor’s Property Insurance. Tenant shall, at Tenant's sole --------------------------- cost and expense maintain a policy of all risk special perils building and personal property insurance with full replacement value coverage of at least $6,250,000. Such insurance shall comply with all requirements of the holder of the First Lien. All proceeds of any such insurance shall be applied to the restoration of the Property.
Lessor’s Property Insurance. Lessor shall obtain and keep in force during the Term a policy or policies of insurance covering loss or damage to the Project, in the amount of the full replacement value thereof, exclusive of footings and foundations, providing protection against all perils included within the classification of fire, extended coverage, vandalism, malicious mischief, special extended perils (special form). Lessee understands and agrees that the insurance described in thxx XXRAGRAPH 8.4 will not cover Lessee's personal property, merchandise, stock in trade, trade fixtxxxx xnd equipment.
Lessor’s Property Insurance. Lessor shall purchase and maintain during the term of the lease all-risk property insurance covering the Building for its full replacement value without any coinsurance provisions.
