Common use of Licensor’s Insurance Clause in Contracts

Licensor’s Insurance. The Owner will, without limiting its obligations or liabilities under this Agreement, at its own expense, obtain and maintain, during the Term or any Renewal Term: (a) commercial general liability insurance in an amount not less than Two Million ($2,000,000.00) Dollars inclusive per occurrence against liability for bodily injury, personal injury, death and property damage relating to the Owner’s ownership, use, occupation, operation, management and/or maintenance of the Equipment Room, the Building and the Lands. The required insured amount for comprehensive general liability shall be composed of any combination of primary and excess (umbrella) insurance policies. (b) “All risks” property insurance in an amount not less than the replacement cost of the Equipment Room and the Building. (c) boiler and machinery insurance for electrical and mechanical breakdown of heating, ventilation and air conditioning machinery and equipment in the Building.

Licensor’s Insurance. The Owner will, without limiting its obligations or liabilities under this Agreement, at its own expense, obtain and maintain, during the Term or any Renewal Term: (a) commercial general liability insurance in an amount not less than Two Million ($2,000,000.00) Dollars inclusive per occurrence against liability for bodily injury, personal injury, death and property damage relating to the Owner’s ownership, use, occupation, operation, management and/or maintenance of the Equipment RoomSpace, the Building and the Lands. The required insured amount for comprehensive general liability shall be composed of any combination of primary and excess (umbrella) insurance policies. (b) “All risks” property insurance in an amount not less than the replacement cost of the Equipment Room Space and the Building. (c) boiler and machinery insurance for electrical and mechanical breakdown of heating, ventilation and air conditioning machinery and equipment in the Building.

Licensor’s Insurance. The Owner will, without limiting its obligations or liabilities under this Agreement, at its own expense, obtain and maintain, during the Term or any Renewal Term: (a) commercial general liability insurance in an amount not less than Two Three Million ($2,000,000.003,000,000.00) Dollars inclusive per occurrence against liability for bodily injury, personal injury, death and property damage relating to the Owner’s ownership, use, occupation, operation, management and/or maintenance of the Equipment Room, the Building and the Lands. The required insured amount for comprehensive general liability shall be composed of any combination of primary and excess (umbrella) insurance policies. (b) “All risks” property insurance in an amount not less than the replacement cost of the Equipment Room and the Building. (c) boiler and machinery insurance for electrical and mechanical breakdown of heating, ventilation and air conditioning machinery and equipment in the Building.