Liability and Property Insurance. Landlord agrees to carry and -------------------------------- keep in force during the term hereof a standard fire and extended coverage insurance policy of the Building. Tenant agrees to take out and keep in force during the term hereof, at Tenant's expense, (a) bodily injury and property damage liability insurance in companies and through brokers approved by Landlord (with at least a Best A-Rating) to protect against any liability to the public incident to the use of or resulting from any accident occurring in or about the Premises or the Building, the liability under such insurance to be not less that One Million Dollars ($1,000,000.00) for any one person injured or $1,000,000.00 for any one accident and (b) property insurance of $1,000,000.00 covering loss or damage to the Premises (including any improvements constructed). These policies (1) shall name Owner (Xxxxxxx & Xxxxx Xxxxxx, Xxxxxx and Xxxxxx Xxxx, Xxxxxx & Xxxxxxx Xxxxxxxx, THE XXXX LIVING TRUST U/A DATED 4/15/91 and THE XXXXXXX AND XXXXXX XXXXXXXX LIVING TRUST U/A DATED 8/24/90) and Landlord (Xxxxx Building Development Partners) and such lenders, if any, as may be designated by Landlord, as additional insureds, (2) a certificate of insurance is to be delivered to the Landlord upon issuance and renewal and (3) shall contain a written obligation on the part of the insurance carriers to notify Landlord in writing thirty (30) days prior to any cancellation thereof. Notwithstanding the foregoing, Owner, Landlord and their lenders, if any, need not be named as additional insureds for Tenant's furniture, equipment and personal property. Tenant agrees that, if it does not keep such insurance in full force and effect, Landlord may, at its option, take out the necessary insurance and pay the premium. In such a case, Tenant shall reimburse Landlord for the amount so paid and such amount shall constitute additional rent due Landlord from Tenant under this Lease. The policies provided for herein together with proof of payment of premium therefore shall be delivered to Landlord within ten (10) days after the date of execution of this Lease, and renewal certificates and proof of payment of premiums therefor shall be delivered to Landlord not less than fifteen (15) days prior to the renewal date of any such insurance policies.
Liability and Property Insurance. Lessor shall, during the term of this lease, maintain adequate fire and casualty liability insurance coverage on the Demised Premises in solvent, mutual or stock companies or company, insuring both the Lessor and Lessee, in an amount and form reasonably acceptable to the parties. Lessee shall, during the demised term, maintain adequate personal property insurance insuring all equipment, trade fixtures, fixtures, inventory and other personal property located on the Demised Premises. Lessee shall maintain throughout the term of this lease adequate general liability insurance coverage on the Demised Premises in solvent, mutual or stock companies or company, insuring both the Lessor and the Lessee, in an amount and form reasonably acceptable to the parties.
Liability and Property Insurance. (a) Tenant shall procure and maintain in full force and effect at all times during the term of this Lease, at Tenant’s cost and expense, commercial general liability insurance to protect against liability arising out of or related to the use of or resulting from any accident occurring in, upon or about the Property, with combined single limit of liability of not less than Five Million Dollars ($5,000,000) per occurrence for bodily injury and property damage. Such insurance shall name Landlord and its partners, shareholders, agents and employees as additional insureds thereunder. The amount of such insurance shall not be construed to limit any liability or obligation of Tenant under this Lease. Tenant shall also procure and maintain in full force and effect at all times during the term of this Lease, at Tenant’s cost and expense, product liability insurance on terms and in amounts satisfactory to Landlord in its reasonable discretion.
Liability and Property Insurance. Maintain at Borrower's expense (with such insurers, in such amounts and with such deductibles as is satisfactory to Lender) public liability and third party property damage insurance and insurance on the Collateral (including without limitation insurance against fire, explosion, boiler damage, theft, burglary, spoilage, pilferage, loss in transit and all other hazards and risks ordinarily insured against by other owners or users of such properties in similar businesses), which insurance shall be evidenced by policies (i) in form and substance satisfactory to Lender, (ii) designating Lender and its assigns as additional co-insureds or loss payees as their interests may appear from time to time, (iii) containing a "breach of warranty clause" whereby the insurer agrees that a breach of the insuring conditions or any negligence of Borrower or any other person shall not invalidate the insurance as to Lender and its assigns, and (iv) requiring at least thirty (30) days prior written notice to Lender and its assigns before cancellation or any material change shall be effective.
Liability and Property Insurance. Lessee shall, at its own expense, procure and maintain continuously in effect during each Lease Term: (a) public liability insurance for death or injuries to persons, or damage to property arising out of or in any way connected to the Equipment sufficient to protect Lessor and its assigns from liability in all events, with a coverage of not less than $1,000,000 per occurrence unless specified differently in the related Lease Schedule, and (b) insurance against such hazards as Lessor may require, including, but not limited to, all-risk casualty and property insurance, in an amount equal to the greater of the full replacement cost of the Equipment or the applicable Prepayment Price.
Liability and Property Insurance. Maintain at Debtor’s expense public liability and third party property damage insurance with such insurers, in such amounts and with such deductibles as are satisfactory to Secured Party, and maintain at Debtor’s expense insurance on the Collateral with such insurers, against such risks, in such amounts and with such deductibles as are satisfactory to Secured Party (including without limitation, insurance against fire, explosion, theft, burglary, pilferage and all other hazards and risks ordinarily insured against by other owners or users of such properties in similar businesses), which insurance shall be evidenced by policies:
Liability and Property Insurance. (a) Tenant shall procure and maintain in full force and effect at all times during the term of this Lease, at Tenant’s cost and expense, commercial general liability insurance to protect against liability arising out of or related to the use of or resulting from any accident occurring in, upon or about the Property, with combined single limit of liability of not less than Five Million Dollars ($5,000,000) per occurrence for bodily injury and property damage. Such insurance shall name Landlord, its Manager, its property manager and any lender holding a deed of trust on the Property from time to time (as designated in writing by Landlord to Tenant from time to time) as additional insureds thereunder. The amount of such insurance shall not be construed to limit any liability or obligation of Tenant under this Lease. Tenant shall also procure and maintain in full force and effect at all times during the term of this Lease, at Tenant’s cost and expense, products/completed operations coverage on terms and in amounts satisfactory to Landlord in its reasonable discretion.
Liability and Property Insurance. 9 10. RECONSTRUCTION.................................................. 11 11.
Liability and Property Insurance. INSURANCE FOR UNIT CONTENTS IS YOUR RESPONSIBILITY — PROBOX DOES NOT INSURE CUSTOMER’S UNIT CONTENTS. Customer shall maintain a policy of public liability insurance with not less than a $500,000 per occurrence limit that covers claims and lawsuits arising out of Customer’s use of the Unit(s). PROBOX shall be named as an additional insured under such policy while the Unit(s) is in Customer’s possession. Customer shall provide insurance on the contents of each rented Unit(s) at Customer’s expense. Insurance on Customer’s property is a material condition of this Agreement and is for the benefit of both Customer and PROBOX. Customer expressly agrees that the insurance company providing such insurance shall not be subrogated to any claim of Customer against PROBOX, PROBOX's agents or employees for loss of or damage to stored property.
Liability and Property Insurance. (a) Tenant shall, at its own cost and expense, secure and maintain during the entire term of this Lease and any extended term of this Lease, public liability, property damage, and products liability insurance, insuring both Tenant and its employees against all bodily injury, property damage, personal injury, or other loss or liability that might arise in connection with Tenant's occupation and use of the Premises under this Lease.
