Common use of Liability Insurance-Tenant Clause in Contracts

Liability Insurance-Tenant. Tenant shall, at Tenant's sole expense, obtain and keep in force during the term hereof a policy of bodily injury and property damage insurance, insuring Tenant and Landlord against any liability arising out of the use, occupancy or maintenance of the Property and the parking areas, walkways, driveways, landscaped areas and other areas exterior to the Property and appurtenant thereto. Such insurance shall be in an amount not less than One Million Dollars ($1,000,000) combined single limit, Two Hundred Fifty Thousand ($250,000) per person, Two Hundred Fifty Thousand ($250,000) per accident for bodily injury and Two Hundred Fifty Thousand ($250,000) property damage. The policy shall insure performance by Tenant of the indemnity provisions of this Section 8. The limits of said insurance shall not, however, limit the liability of Tenant hereunder. Upon demand, Tenant shall provide Landlord, at Landlord's expense, with such increased amounts of insurance as Landlord may reasonably require to afford Landlord adequate protection for risks insured under this Section. Tenant, as a material part of the consideration to Landlord, hereby assumes all risk of damage to property or injury to persons in, upon or about the Property arising from any cause and Tenant hereby waives all claims in respect thereof against Landlord.

Appears in 1 contract

Samples: Lease Agreement (SFBC International Inc)

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Liability Insurance-Tenant. Tenant shall, at Tenant's sole expense, obtain and keep in force during the term hereof a policy of bodily injury and property damage insurance, insuring Tenant and Landlord against any liability arising out of the use, occupancy or maintenance of the Property and the parking areas, walkways, driveways, landscaped areas and other areas exterior to the Property and appurtenant thereto. Such insurance shall be in an amount not less than One Million Dollars THREE MILLION DOLLARS ($1,000,0003,000,000.00) combined single limit, Two Hundred Fifty Thousand THREE MILLION DOLLARS ($250,0003,000,000.00) per person, Two Hundred Fifty Thousand THREE MILLION DOLLARS ($250,0003,000,000.00) per accident for bodily injury injury, and Two Hundred Fifty Thousand THREE MILLION DOLLARS ($250,0003,000,000.00) property damage. The policy shall insure performance by Tenant of the indemnity provisions of this Section 8. The limits of said insurance shall not, however, limit the liability of Tenant hereunder. Upon demand, Tenant shall provide Landlord, at Landlord's expense, with such increased amounts of insurance as Landlord may reasonably require to afford Landlord adequate protection for risks insured under this SectionSection 8. Tenant, as a material part of the consideration to Landlord, hereby assumes all risk of damage to property or injury to persons persons, in, upon or about the Property arising from any cause and Tenant hereby waives all claims in respect thereof against Landlord.

Appears in 1 contract

Samples: Commercial Lease (Go2pharmacy Com Inc)

Liability Insurance-Tenant. Tenant shall, at Tenant's ’s sole expense, obtain and keep in force during the term hereof a policy of bodily injury and property damage insurance, insuring Tenant and Landlord against any liability arising out of the use, occupancy or maintenance of the Property property and the parking areas, walkways, driveways, landscaped areas and other areas exterior to the Property property and appurtenant thereto. Such insurance shall be in an amount not less than One Million Dollars THREE MILLION DOLLARS ($1,000,0003,000,000.00) combined single limit, Two Hundred Fifty Thousand THREE MILLION DOLLARS ($250,0003,000,000.00) per person, Two Hundred Fifty Thousand THREE MILLION DOLLARS ($250,0003,000,000.00) per accident for bodily injury injury, and Two Hundred Fifty Thousand THREE MILLION DOLLARS ($250,0003,000,000.00) property damage. The policy shall insure insurance performance by Tenant of the indemnity provisions of this Section 87. The limits of said insurance shall not, however, limit the liability of Tenant hereunder. Upon demand, Tenant shall provide Landlord, at Landlord's ’s expense, with such increased increased, amounts of insurance as Landlord may reasonably require to afford Landlord adequate protection for risks insured under this SectionSection 7. Tenant, as a material part of the consideration to Landlord, hereby assumes all risk of damage to property or injury to persons in, upon or about the Property arising from any cause cause, and Tenant hereby waives all claims in respect thereof against Landlord.

Appears in 1 contract

Samples: Commercial Lease (Drugmax Inc)

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Liability Insurance-Tenant. Tenant shall, at Tenant's ’s sole expense, obtain and keep in force during the term hereof a policy of bodily injury and property damage insurance, insuring Tenant and Landlord against any liability arising out of the use, occupancy or maintenance of the Property and the parking areas, walkways, driveways, landscaped areas and other areas exterior to the Property and appurtenant thereto. Such insurance shall be in an amount not less than One Million Dollars THREE MILLION DOLLARS ($1,000,0003,000,000.00) combined single limit, Two Hundred Fifty Thousand THREE MILLION DOLLARS ($250,0003,000,000.00) per person, Two Hundred Fifty Thousand THREE MILLION DOLLARS ($250,0003,000,000.00) per accident for bodily injury injury, and Two Hundred Fifty Thousand THREE MILLION DOLLARS ($250,0003,000,000.00) property damage. The policy shall insure performance by Tenant of the indemnity provisions of this Section 8. The limits of said insurance shall not, however, limit the liability of Tenant hereunder. Upon demand, Tenant shall provide Landlord, at Landlord's ’s expense, with such increased amounts of insurance as Landlord may reasonably require to afford Landlord adequate protection for risks insured under this SectionSection 8. Tenant, as a material part of the consideration to Landlord, hereby assumes all risk of damage to property or injury to persons persons, in, upon or about the Property arising from any cause and Tenant hereby waives all claims in respect thereof against Landlord.

Appears in 1 contract

Samples: Commercial Lease (Drugmax Inc)

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