Common use of Minimum scope of coverage Clause in Contracts

Minimum scope of coverage. Coverage shall be at least as broad as set forth herein. However, if, because of Tenant's Use or occupancy of the Premises, Landlord determines, in Landlord's reasonable judgment, that additional insurance coverage or different types of insurance are necessary, then Tenant shall obtain such insurance at Tenant's expense in accordance with the terms of this Section 15. 15.2.1. Commercial General Liability (ISO occurrence form CG 00 01) which shall cover liability arising from Tenant's Use and occupancy of the Premises, its operations therefrom, Tenant's independent contractors, products-completed operations, personal injury and advertising injury, and liability assumed under an insured contract. 15.2.2. Workers' Compensation insurance as required by law, and Employers Liability insurance. 15.2.3. Commercial Property Insurance (ISO special causes of loss form CP 10 30) against all risk of direct physical loss or damage (including flood, if applicable), earthquake excepted, for: (a) all leasehold improvements (including any alterations, additions or improvements made by Tenant pursuant to the provisions of Section 12. hereof) in, on or about the Premises; and (b) trade fixtures, merchandise and Tenant's Property from time to time in, on or about the Premises. The proceeds of such property insurance shall be used for the repair or replacement of the property so insured. Upon termination of this Lease following a casualty as set forth herein, the proceeds under (a) shall be paid to Landlord, and the proceeds under (b) above shall be paid to Tenant.

Appears in 1 contract

Samples: Lease Agreement (Nve Corp /New/)

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Minimum scope of coverage. Coverage shall be at least as broad as set forth herein. However, if, because of Tenant's ’s Use or occupancy of the Premises, Landlord determines, in Landlord's ’s reasonable judgment, that additional insurance coverage or different types of insurance are necessary, then Tenant shall obtain such insurance at Tenant's ’s expense in accordance with the terms of this Section 15. 15.2.1. Commercial General Liability (ISO occurrence form CG 00 01) which shall cover liability arising from Tenant's ’s Use and occupancy of the Premises, its operations therefrom, Tenant's ’s independent contractors, products-completed operations, personal injury and advertising injury, and liability assumed under an insured contract. 15.2.2. Workers' Compensation insurance as required by law, and Employers Liability insurance. 15.2.3. Commercial Property Insurance (ISO special causes of loss form CP 10 30) against all risk of direct physical loss or damage (including flood, if applicable), earthquake excepted, for: (a) all leasehold improvements (including any alterations, additions or improvements made by Tenant pursuant to the provisions of Section 12. hereof) in, on or about the Premises; and (b) trade fixtures, merchandise and Tenant's ’s Property from time to time in, on or about the Premises. The proceeds of such property insurance shall be used for the repair or replacement of the property so insured. Upon termination of this Lease following a casualty as set forth herein, the proceeds under (a) shall be paid to Landlord, and the proceeds under (b) above shall be paid to Tenant.

Appears in 1 contract

Samples: Loan and Security Agreement (Hudson Pacific Properties, Inc.)

Minimum scope of coverage. Coverage shall be at least as broad as set forth herein. However, if, because of Tenant's ’s Use or occupancy of the Premises, Landlord determines, in Landlord's ’s reasonable judgment, that additional insurance coverage or different types of insurance are necessary, then Tenant shall obtain such insurance at Tenant's ’s expense in accordance with the terms of this Section 15. 15.2.1. Commercial General Liability (ISO occurrence form CG 00 01St Pxxx Fire and Marine Insurance Company Form #43600) which shall cover liability arising from Tenant's ’s Use and occupancy of the Premises, its operations therefrom, Tenant's ’s independent contractors, products-completed operations, personal injury and advertising injury, and liability assumed under an insured contract. 15.2.2. Workers' Compensation insurance as required by law, and Employers Liability insurance. 15.2.3. Commercial Property Insurance (ISO special causes of loss form CP 10 30St Pxxx Fire and Marine Insurance Company Form #F0068) against all risk of direct physical loss or damage (including flood, if applicable), earthquake excepted, for: (a) all leasehold improvements (including any alterations, additions or improvements made by Tenant pursuant to the provisions of Section 12. hereof) in, on or about the Premises; and (b) trade fixtures, merchandise and Tenant's ’s Property from time to time in, on or about the Premises. The proceeds of such property insurance shall be used for the repair or replacement of the property so insured. Upon termination of this Lease following a casualty as set forth herein, the proceeds under (a) shall be paid to Landlord, and the proceeds under (b) above shall be paid to Tenant.

Appears in 1 contract

Samples: Lease Agreement (Optelecom-Nkf, Inc.)

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Minimum scope of coverage. Coverage shall be at least as broad as set forth herein. However, if, because of Tenant's Use or occupancy of the Premises, Landlord determines, in Landlord's reasonable judgment, that additional insurance coverage or different types of insurance are necessary, then Tenant shall obtain such insurance at Tenant's expense in accordance with the terms of this Section 15. 15.2.1. Commercial General Liability (ISO occurrence form CG 00 01) which shall cover liability arising from Tenant's Use and occupancy of the Premises, its operations therefrom, Tenant's independent contractors, products-completed operations, personal injury and advertising injury, and liability assumed under an insured contract. 15.2.2. Workers' Compensation insurance as required by law, and Employers Liability insurance. 15.2.3. Commercial Property Insurance (ISO special causes of loss form CP 10 30) against all risk of direct physical loss or damage (including flood, if applicable), earthquake excepted, for: (a) all leasehold improvements (including any alterations, additions or improvements made by Tenant pursuant to the provisions of Section 12. hereof) in, on or about the Premises; and (b) trade fixtures, merchandise and TenantXxxxxx's Property from time to time in, on or about the Premises. The proceeds of such property insurance shall be used for the repair or replacement of the property so insured. Upon termination of this Lease following a casualty as set forth herein, the proceeds under (a) shall be paid to Landlord, and the proceeds under (b) above shall be paid to Tenant.

Appears in 1 contract

Samples: Lease Agreement (Sonus Networks Inc)

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