Common use of Liability Insurance; Indemnity Clause in Contracts

Liability Insurance; Indemnity. 9.1 Tenant shall at all times during the term hereof, at its own expense, maintain a commercial general liability insurance policy with a One Million Dollar ($1,000,000) combined single limit for any one (1) occurrence, insuring the Landlord and Tenant against all liability for damages to person or property in or about the Leased Premises. Tenant shall provide to Landlord a current Certificate of Insurance, with the Landlord listed as an additional insured. 9.2 Tenant shall indemnify and hold Landlord harmless against any and all claims and demands arising from the negligence of the Tenant, its officers, agents and/or employees, as well as those arising from Tenant’s failure to comply with any covenant of this Lease on its part to be performed, and shall at its own expense defend the Landlord against any and all suits or actions arising out of such negligence, or failure to comply, actual or alleged, and all appeals therefrom and shall satisfy and discharge any judgment which may be awarded against Landlord in any such suit or action. 9.3 Landlord shall maintain in effect at all times insurance against damage or loss to the leased premises. Insurance on tenant’s contents or business operation shall be the responsibility of the tenant. 9.4 Tenant covenants and agrees to pay Landlord an amount equal to the escalation in insurance premiums on the Landlord’s premises arising out of the occupancy of the Tenant.

Appears in 3 contracts

Samples: Lease Agreement (GreenCell, Inc), Lease Agreement (GreenCell, Inc), Lease Agreement (GreenCell, Inc)

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Liability Insurance; Indemnity. 9.1 Tenant shall at all times during the term hereof, at its own expense, maintain a commercial comprehensive general liability insurance policy with a One Million Dollar ($1,000,000) combined single limit for any one (1) occurrence, insuring the Landlord and Tenant against all liability for damages to person or property in or about the Leased Premises. Tenant shall provide to Landlord a current Certificate copy of Insurance, with the Landlord listed as an additional insuredsaid policy. 9.2 Tenant shall indemnify and hold Landlord harmless against any and all claims and demands arising from the negligence of the Tenant, its officers, agents and/or employees, as well as those arising from Tenant’s 's failure to comply with any covenant of this Lease on its part to be performed, and shall at its own expense defend the Landlord against any and all suits or actions arising out of such negligence, or failure to comply, actual or alleged, and all appeals therefrom and shall satisfy and discharge any judgment which may be awarded against Landlord in any such suit or action. 9.3 Landlord shall maintain in effect at all times insurance against damage or loss to the leased premises. Insurance on tenant’s 's contents or business operation shall be the responsibility of the tenant. 9.4 Tenant covenants and agrees to pay Landlord an amount equal to the escalation in insurance premiums on the Landlord’s 's premises arising out of the occupancy of the Tenant.

Appears in 1 contract

Samples: Lease Agreement (Iron Age Corp)

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