Common use of Liability and Other Insurance Clause in Contracts

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. 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. Lessee shall, during the entire term hereof, keep in full force and effect policies of comprehensive commercial general 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, provided Lessee’s property coverage shall be not less than 100% replacement value of its leasehold improvements, furniture, fixtures, equipment, merchandise and Tenant personal property located within the Improved Leased Premises. The policy (or policies) shall name LessorLessor as additional insured, 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 ’s demand as additional rent. All obligations contained in this Section 15 Lessor shall maintain special form property insurance covering the Improved Leased Premises for 100% of its replacement value (provided the parties agree Lessee 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 responsible for its Proportionate Share of the limits described herein, then the Lessee expressly agrees to comply with all requirements of Lessor's lenderinsurance premium related thereto). Failure to do so shall constitute an Event of Default under this Lease.

Liability and Other Insurance. Lessee shall, during the entire term hereof, keep in full force and effect policies of comprehensive commercial general 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, provided Lessee’s property coverage shall be not less than 100% replacement value of its leasehold improvements, furniture, fixtures, equipment, merchandise and Tenant personal property located within the Improved Leased Premises. The policy (or policies) shall name LessorLessor as additional insured, 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 ’s demand as additional rent. All obligations contained in this Section 15 Lessor shall maintain special form property insurance covering the Improved Leased Premises for 100% of its replacement value (provided the parties agree Lessee 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 responsible for its Proportionate Share 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 Leaseinsurance premium related thereto).