Plate Glass Insurance. The policies of insurance referred to above shall, to the extent obtainable, contain the following: - any protection available to the Lessor shall continue notwithstanding any act, neglect or misrepresentation of the Lessee which might otherwise result in the avoidance of a claim thereunder, nor shall they be affected or invalidated by any act, omission or negligence of any third party which is not within the knowledge or control of the insured(s); - all Property Insurance and Plate Glass Insurance referred to above shall provide for a waiver of the insurer's rights of subrogation as against the Lessor. such policies of insurance shall not be cancelled without the insurers providing to the Lessor thirty (30) days prior written notice of such cancellation. Evidence of all such insurances shall be provided to the Lessor upon request. The requirements imposed on the Lessee in this Paragraph 21 respecting the obtaining and maintaining of insurance shall not in any manner limit or derogate from any other obligations imposed on the Lessee pursuant to this Lease or at law . The Lessor other than for gross negligence or wilful misconduct shall not be responsible for any damage to any person in or about the demised premises or to any merchandise, goods, chattels or equipment contained therein or to any person in the building with the express or implied consent of the Lessee or in respect of the Lessee's business.
Appears in 2 contracts
Samples: Lease Agreement (Capital Reserve Corp), Lease Agreement (Capital Reserve Corp)
Plate Glass Insurance. The policies of insurance referred to above shall, to the extent obtainable, contain the following: - any protection available to the Lessor shall continue notwithstanding any act, neglect or misrepresentation of the Lessee which might otherwise result in the avoidance of a claim thereunder, nor shall they be affected or invalidated by any act, omission or negligence of any third party which is not within the knowledge or control of the insured(s); - all Property Insurance and Plate Glass Insurance referred to above shall provide for a waiver of the insurer's rights of subrogation as against the Lessor. such policies of insurance shall not be cancelled without the insurers providing to the Lessor thirty (30) days prior written notice of such cancellation. Evidence of all such insurances shall be provided to the Lessor upon request. The requirements imposed on the Lessee in this Paragraph 21 respecting the obtaining and maintaining of insurance shall not in any manner limit or derogate from any other obligations imposed on the Lessee pursuant to this Lease or at law law. The Lessor other than for gross negligence or wilful misconduct shall not be responsible for any damage to any person in or about the demised premises or to any merchandise, goods, chattels or equipment contained therein or to any person in the building with the express or implied consent of the Lessee or in respect of the Lessee's business.
Appears in 1 contract
Plate Glass Insurance. The policies of insurance referred to above shall, to the extent obtainable, contain the following: - any protection available to the Lessor shall continue notwithstanding any act, neglect or misrepresentation of the Lessee which might otherwise result in the avoidance of a claim thereunder, nor shall they be affected or invalidated by any act, omission or negligence of any third party which is not within the knowledge or control of the insured(s); - all Property Insurance and Plate Glass Insurance referred to above shall provide for a waiver of the insurer's rights of subrogation as against the Lessor. such policies of insurance shall not be cancelled without the insurers providing to the Lessor thirty (30) days prior written notice of such cancellation. Evidence of all such insurances shall be provided to the Lessor upon request. The requirements imposed on the Lessee in this Paragraph 21 respecting the obtaining and maintaining of insurance shall not in any manner limit or derogate from any other obligations imposed on the Lessee pursuant to this Lease or at law law. The Lessor other than for gross negligence or wilful misconduct shall not be responsible for any damage to any person in or about the demised premises or to any merchandise, goods, chattels or equipment contained therein or to any person in the building with the express or implied consent of the Lessee or in respect of the Lessee's business. The Lessor shall not be required, but may if it so chooses, to insure the Lessee's improvements, fixtures, partitions and floor coverings.
Appears in 1 contract
Samples: Lease Agreement (Fact Corp)