Liability and Other Insurance Sample Clauses
Liability and Other Insurance. Borrower shall maintain commercial general liability insurance with per occurrence limits of $1,000,000, a products/completed operations limit of $2,000,000, and a general aggregate limit of $2,000,000, with an excess/umbrella liability policy of not less than $10,000,000 per occurrence and annual aggregate covering Borrower, with Lender named as an additional insured, against claims for bodily injury or death or property damage occurring in, upon, or about the Property or any street, drive, sidewalk, curb, or passageway adjacent thereto. In addition to any other requirements, such commercial general liability and excess/umbrella liability insurance shall provide insurance against acts of terrorism and against claims applicable to the presence of Microbial Matter, or such coverages shall be provided by separate policies or endorsements. The insurance policies shall also include operations and blanket contractual liability coverage which insures contractual liability under the indemnifications set forth in Section 8.02 below (but such coverage or the amount thereof shall in no way limit such indemnifications). Upon request, Borrower shall also carry additional insurance or additional amounts of insurance covering Borrower or the Property as Lender shall reasonably require.
Liability and Other Insurance. Commercial general liability insurance, in an amount not less than $1,000,000 on an occurrence basis against claims for personal injury, bodily injury and property damage.
Liability and Other Insurance. A. Tenant shall obtain and maintain public liability insurance in form and substance satisfactory to Landlord and Landlord's lender, if any, from time to time, insuring Landlord and if Landlord so elects, Landlord's lender and such other person(s) as required by Landlord, against claims for bodily injury or death or property damage occurring in or about the Premises and on, in or about the adjoining driveways and passageways, with limits as required by Landlord from time to time, but in no event with combined single limits less than Three Million Dollars ($3,000,000.00) per occurrence, and in the aggregate. Such liability insurance shall, in addition, extend, through contractual liability endorsements, to any liability of Tenant arising out of the indemnifications provided in this Lease and shall be subject to the waiver of subrogation specified in this Lease. Such policy of insurance shall provide that notwithstanding any negligent act of Tenant which might otherwise result in its forfeiture, the policy shall not be canceled without at least thirty (30) days written notice to each named insured. A copy of said policy shall be delivered to Landlord, prior to any use or occupancy of the Premises and as otherwise required by Landlord, and evidence of renewals shall be delivered to Landlord annually and as otherwise reasonably required by Landlord.
B. If the Building is constructed on the Land, Tenant shall obtain and maintain fire insurance with standard broad form extended coverage and full replacement cost endorsements covering the Building and all of Tenant's contents, furniture, furnishing, machinery, such equipment as is not affixed to the Premises, trade fixtures and signs and Tenant's interest in all of the improvements and alterations installed in the Premises by Tenant. A certificate evidencing such insurance shall be delivered to Landlord prior to any use or occupancy of the Premises and as otherwise required by Landlord and evidence of renewals shall be delivered to Landlord annually and as otherwise required by Landlord.
C. Tenant shall obtain and maintain such other and further insurance with respect to such risks or matters as Landlord may reasonably require from time to time. All of the insurance which Tenant is required to obtain and maintain pursuant to the terms of this Lease shall be in form and content, including amount of coverage, reasonably satisfactory to Landlord, issued by such insurers as reasonably satisfactory to Landlord and sha...
Liability and Other Insurance. Lessee shall, during the entire term hereof, keep in full force and effect policies of comprehensive liability and property damage insurance, with respect to the Improved Leased Premises and the business operated by Lessee in and upon the Improved Leased Premises. The policy (or policies) shall name Lessor, and any persons, firms, or corporations designated by Lessor, including the Ground Lessor and mortgagees, if any, and Lessee as insured and shall contain a clause that the insurer will not cancel or modify the insurance without first giving the named parties thirty (30) days prior written notice. Copies of the policy or certificates of accord or insurance shall be delivered to Lessor upon the Commencement Date. If Lessee shall not comply with its covenants made in this section, Lessor may, at its option, cause insurance as aforesaid to be issued and in such event, Lessee agrees to pay the premium for such insurance promptly upon Lessor's demand as additional rent. All obligations contained in this Section 15 shall be subject to the requirements of Lessor's lender and/or mortgagee. In the event the Lessor's lender requires minimum insurance coverage in excess of the limits described herein, then the Lessee expressly agrees to comply with all requirements of Lessor's lender. Failure to do so shall constitute an Event of Default under this Lease.
Liability and Other Insurance. Commercial general liability insurance, in an amount not less than $1,000,000 on an occurrence basis against claims for personal injury, bodily injury and property damage. Manager shall provide basic theft and damage coverage of up to $1500 per stay, the cost of which shall be subtracted from revenue as further defined below. This coverage is currently provided by Safely at a cost of $15.46 per reservation of less than 60 days. Manager reserves the right to change the terms or cost of this coverage upon notification to Owner. Owner shall have the right to opt-out of this insurance if they have or obtain acceptable alternative coverage or expressly agree to self-insure. Owner shall share existing insurance policies with Manager prior to acceptance of this Agreement. Manager will review existing policies to ensure adequate coverage and assess gaps in insurance coverage. Owner must carry homeowner insurance and damage and liability protection for short-term rental stays specifically. For any given home, Manager may make the start of this Agreement conditional on Owner adding to or modifying existing policies to ensure the Home is adequately protected.
Liability and Other Insurance. Borrower shall maintain or cause Manager to maintain commercial general liability insurance with per occurrence limits of $1,000,000, and a general aggregate limit of $2,000,000, with an excess/umbrella liability policy of not less than $10,000,000 per occurrence and annual aggregate covering Borrower, with Lender named as an additional insured, against claims for bodily injury or death or property damage occurring in, upon, or about the Property. In addition to any other requirements, such commercial general liability and excess/umbrella liability insurance shall provide insurance against acts of terrorism, or such coverages shall be provided by separate policies or endorsements. The insurance policies shall also include operations and blanket contractual liability coverage which insures contractual liability under the indemnifications set forth in Section 8.02 below (but such coverage or the amount thereof shall in no way limit such indemnifications). Upon request, Borrower shall or cause Manager to also carry additional insurance or additional amounts of insurance covering Borrower or the Property as Lender shall reasonably require with thirty (30) days written notice to Borrower.
Liability and Other Insurance. Tenant will throughout the Term, at its expense as Additional Rent, provide and maintain the following insurance, in the amounts specified below:
(a) bodily injury and property damage liability insurance, with a combined single occurrence limit of not less than $5,000,000.00; such insurance will be on a commercial general liability form including, without limitation, personal injury and assumed contractual liability for the performance by Tenant of the indemnity agreements set forth in SECTION 9.5; Landlord and its mortgagee will be named as an additional insureds in the policy providing such liability insurance, which will include cross liability and severability of interests clauses or endorsements; unless otherwise approved in writing by Landlord, such policy will have a deductible of $5,000.00 or less and will not have a retention or self-insurance provision;
(b) worker's compensation insurance insuring against and satisfying Tenant's obligations and liabilities under the worker's compensation laws of the State of Texas and employers' liability insurance in the limit of $100,000/500,000/100,000 (provided that Tenant may self-insure this obligation pursuant to a program of self-insurance); and
(c) if Tenant operates owned, hired or nonowned vehicles on the Premises, comprehensive automobile liability will be carried at a limit of liability not less than $1,000,000.00 combined bodily injury and property damage.
Liability and Other Insurance. Lessee shall, during the entire term hereof, keep in fall force and effect policies of comprehensive liability and property damage insurance, with respect to the Improved Leased Premises and the business operated by Lessee in and upon the Improved Leased Premises, in which the limits of bodily injury liability and property damage liability shall be mutually agreed upon. The policy (or policies) shall name Lessor, and any persons, firms, or corporations designated by Lessor, mortgagees, if any, and Lessee as insured and shall contain a clause that the insurer will not cancel or modify the insurance without first giving the named parties thirty (30) days prior written notice. Copies of the policy or certificates of accord or insurance shall be delivered to Lessor upon the Commencement Date. If Lessee shall not comply with its covenants made in this section, Lessor may, at its option, cause insurance as aforesaid to be issued and in such event, Lessee agrees to pay the premium for such insurance promptly upon Lessor's demand as additional rent.
Liability and Other Insurance. Borrower shall maintain commercial general liability insurance with per occurrence limits of $1,000,000, a products/completed operations limit of $2,000,000, and a general aggregate limit of $2,000,000, with an excess/umbrella liability policy of not less than $5,000,000 per occurrence and annual aggregate covering Borrower and Property Manager, with Lender named as an additional insured, against claims for bodily injury or death or property damage occurring in, upon, or about its Individual Property or any street, drive, sidewalk, curb, or passageway adjacent thereto. The insurance policies shall also include operations and blanket contractual liability coverage which insures contractual liability under the indemnifications set forth in Section 8.03 below (but such coverage or the amount thereof shall in no way limit such indemnifications). Upon request, Borrower shall also carry additional insurance or additional amounts of insurance covering Borrower or its Individual Property as Lender shall reasonably require.
Liability and Other Insurance. Grantor shall maintain comprehensive general liability insurance against claims for bodily injury or death and property damage occurring in or upon or resulting from the Property, in standard form and with such insurance company or companies and policy coverage limits and terms as reasonably may be acceptable to the Collateral Agent, and such other insurance as the Collateral Agent from time to time reasonably may require, with companies reasonably acceptable to the Collateral Agent, upon such terms and provisions, in such amounts, and with such endorsements, all as reasonably are approved by the Collateral Agent. Grantor shall maintain with respect to each policy or agreement evidencing such comprehensive general liability insurance such endorsements as reasonably may be required by the Collateral Agent consistent with accepted industry practice and shall at all times following request therefor by the Collateral Agent deliver and maintain with the Collateral Agent receipts evidencing the payment of all premiums, and certificates of insurance addressed to the Collateral Agent, evidencing compliance with the insurance requirements set forth herein and, when appropriate, evidencing renewals of all such policies of insurance 30 days before any such insurance shall expire. All insurance policies required pursuant to this subparagraph (g) shall contain a prohibition against cancellation, material endorsement, material alteration or reissuance of such policy effecting a change in coverage thereunder unless such insurer first shall have given the Collateral Agent 30 days prior written notice thereof. Grantor further agrees that all insurance policies described in this Paragraph 2.2