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Common use of Policy Form Clause in Contracts

Policy Form. All policies of insurance required to be carried by Tenant hereunder shall be issued by insurance companies with general policy holders’ rating of not less than A and a financial rating of AAA or better as rated in the most currently available “Best’s Insurance Guide” and qualified to do business in the state or municipality in which the Premises is located. All policies shall be in form and content acceptable to Landlord and shall name Landlord and such other persons or entities as Landlord specifies from time to time as additional insureds. Each policy shall provide (1) that Landlord, although named as additional insured, shall nevertheless be entitled to recovery under said policy for any loss occasioned by reason of the acts or negligence of Tenant or Tenant’s officers, employees or agents, and (2) the company writing said policy shall give to Landlord written notice not less than twenty (20) days in advance of any modification, cancellation or nonrenewal of such insurance coverage. All policies shall be written as primary policies, without deductible, not contributing with, and not in excess of coverage which Landlord may carry.

Appears in 3 contracts

Samples: Lease Agreement (Sun Energy Solar Inc), Lease Agreement (Sun Energy Solar Inc), Lease Agreement (Sun Energy Solar Inc)

Policy Form. All policies of insurance required to be carried by Tenant hereunder shall be issued by insurance companies with general policy holderspolicyholders’ rating of not less than A and a financial rating of AAA or better as rated in the most currently current available “Best’s Insurance Guide” and qualified to do business in the state or municipality in which the Premises is located. All policies shall be in form and content acceptable to Landlord and shall name Landlord and such other persons or entities as Landlord specifies from time to time as additional insureds. Each policy shall provide (1) that Landlord, although named as additional insured, shall nevertheless be entitled to recovery under said policy for any loss occasioned by reason of the acts or negligence of Tenant or Tenant’s officers, employees or agents, and (2) the company writing said policy shall give to Landlord written notice not less than twenty (20) days in advance of any modification, cancellation or nonrenewal of such insurance coverage. All policies shall be written as primary policies, without deductible, not contributing with, and not in excess of coverage which Landlord may carry.

Appears in 2 contracts

Samples: Lease Agreement (OpSec Holdings), Lease Agreement (OpSec Holdings)

Policy Form. All policies of insurance required to be carried by Tenant hereunder shall be issued by insurance companies with general policy holders’ policyholders' rating of not less than A and a financial rating of AAA or better as rated in the most currently current available "Best’s 's Insurance Guide" and qualified to do business in the state or municipality in which the Premises is located. All policies shall be in form and content acceptable to Landlord and shall name Landlord and such other persons or entities as Landlord specifies from time to time as additional insureds. Each policy shall provide (1a) that Landlord, although named as additional insured, shall nevertheless be entitled to recovery under said policy for any loss occasioned by reason of the acts or negligence of Tenant or Tenant’s 's officers, employees or agents, and (2b) the company writing said policy shall give to Landlord written notice not less than twenty thirty (2030) days in advance of any modification, cancellation or nonrenewal of such insurance coverage. All policies shall be written as primary policies, without deductible, not contributing with, and not in excess of coverage which Landlord may carry.

Appears in 2 contracts

Samples: Lease Agreement (Jevic Transportation Inc), Lease Agreement (Jevic Transportation Inc)

Policy Form. All policies of insurance required to be carried by Tenant hereunder shall be issued by insurance companies with general policy holders’ policyholders' rating of not less than A and a financial rating of AAA or better as rated in the most currently current available "Best’s 's Insurance Guide" and qualified to do business in the state or municipality in which the Premises is located. All policies shall be in form and content acceptable to Landlord and shall name Landlord and such other persons or entities as Landlord specifies from time to time as additional insureds. Each policy shall provide (1) that Landlord, although named as additional insured, shall nevertheless be entitled to recovery under said policy for from any loss occasioned by reason of the acts or negligence of Tenant or Tenant’s 's officers, employees or agents, and (2) the company writing said policy shall give to Landlord written notice not less than twenty (20) days in advance of any modification, cancellation or nonrenewal of such insurance coverage. All policies shall be written as primary policies, without deductible, not contributing with, and not in excess of coverage which Landlord landlord may carry.

Appears in 1 contract

Samples: Lease Agreement (Source Interlink Companies Inc)