Common use of Property and Rental Income Insurance Clause in Contracts

Property and Rental Income Insurance. During the Lease Term, Landlord shall maintain policies of insurance covering loss of or damage to the Property in the full amount of its replacement value. Such policy shall contain an Inflation Guard Endorsement and shall provide protection against all perils included within the classification of fire, extended coverage, vandalism, malicious mischief, special extended perils (all risk), sprinkler leakage and any other perils which Landlord deems reasonably necessary. Landlord shall have the right to obtain flood and earthquake insurance if required by any lender holding a security interest in the Property. Landlord shall not obtain insurance for Tenant's fixtures or equipment or building improvements installed by Tenant on the Property. During the Lease Term, Landlord shall also maintain a rental income insurance policy, with loss payable to Landlord, in an amount equal to one year's Base Rent, plus estimated real property taxes and insurance premiums. Tenant shall be liable for the payment of any deductible amount under Landlord's or Tenant's insurance policies maintained pursuant to this Section 4.04, in an amount not to exceed Ten Thousand Dollars ($10,000.00). Notwithstanding the foregoing, for policies maintained by Landlord, Tenant shall pay Tenant's pro rata share of the deductible unless the claim is caused by any act or omission of Tenant in which case Tenant shall be liable for 100% of the deductible amount. Tenant shall not do or permit anything to be done which invalidates any such insurance policies. (c)

Property and Rental Income Insurance. During the Lease Term, Landlord shall maintain (at Tenant’s cost) policies of insurance covering loss of or damage to the Property (including tenant improvements constructed under any construction rider to this Lease which are attached to and become part of the Property) in the full amount of its replacement value. The deductible amount under such policies shall be an amount acceptable to, and determined by, Landlord. Such policy shall contain an Inflation Guard Endorsement and shall provide protection against all perils included within the classification of fire, extended coverage, vandalism, malicious mischief, special extended perils (all risk), sprinkler leakage and any other perils which Landlord deems reasonably necessary. Landlord shall have the right (but no requirement) to obtain (at Tenant’s cost) flood and or earthquake insurance if required by any lender holding a security interest in the Property. Landlord Tenant shall not obtain and pay for insurance for Tenant's ’s equipment, inventory, furniture, fixtures and other assets which Tenant owns or equipment Tenant holds for others on the Property, and are placed, used, held or building improvements installed by Tenant on the Property. During the Lease Term, Landlord shall also maintain obtain (at Tenant’s cost) a rental income insurance policy, with loss payable to Landlord, in an amount equal to one year's twelve (12) months’ Base Rent, plus estimated real property taxes and insurance premiums. Tenant shall be liable for the payment of any deductible amount under Landlord's ’s or Tenant's ’s insurance policies maintained by Landlord or Tenant pursuant to this Section 4.04, in an amount not to exceed Ten Thousand Dollars ($10,000.00). Notwithstanding the foregoing, for policies maintained by Landlord, Tenant shall pay Tenant's pro rata share of the deductible unless the claim is caused by any act or omission of Tenant in which case Tenant shall be liable for 100% of the deductible amount4.4. Tenant shall not do or permit anything to be done which invalidates any such insurance policies. All property insurance and rental income insurance shall provide for all payments of proceeds to be made to Landlord, and Landlord shall be the loss payee (cand/or lender(s) designated by Landlord).

Property and Rental Income Insurance. During the Lease Term, Landlord Tenant shall maintain policies of insurance covering loss of or damage to the Property in the full amount of its replacement value. The deductible amounts under such policies shall not exceed Twenty Thousand Dollars ($20,000) per occurrence. Such policy shall contain an Inflation Guard Endorsement and shall provide protection against all perils included within the classification of fire, extended coverage, vandalism, earthquake, malicious mischief, special extended perils (all risk), sprinkler leakage and any other perils which Landlord deems reasonably necessary. Landlord shall have the right to require Tenant to obtain flood and and/or earthquake insurance if required by any lender holding a security interest in the Property. Landlord Tenant shall not obtain insurance for Tenant's fixtures or equipment or building improvements installed by Tenant on the Property. During the Lease Term, Landlord Tenant shall also maintain a rental income insurance policy, with loss payable to Landlord, in an amount equal to one year's twelve (12) months' Base Rent, plus estimated real property taxes and insurance premiums. Tenant shall be liable for the payment of any deductible amount under Landlord's or Tenant's the insurance policies maintained pursuant to Paragraph 4.4(a) or this Section 4.04, in an amount not to exceed Ten Thousand Dollars ($10,000.00Paragraph 4.4(b). Notwithstanding the foregoing, for policies maintained by Landlord, Tenant shall pay Tenant's pro rata share of the deductible unless the claim is caused by any act or omission of Tenant in which case Tenant shall be liable for 100% of the deductible amount. Tenant shall not do or permit anything to be done which invalidates any such insurance policies. All property insurance and rental income insurance shall provide for all payments of proceeds to be made to Landlord (cand/or lender(s) designated by Landlord).

Property and Rental Income Insurance. During the Lease Term, Landlord shall maintain policies of insurance covering loss of or damage to the Property Building in the full amount of its replacement value. Such policy shall contain an Inflation Guard Endorsement and shall provide protection against all perils included within the classification of fire, extended coverage, vandalism, malicious mischief, special extended perils (all all-risk), sprinkler leakage and any other perils which Landlord deems reasonably necessary. Landlord shall have the right to obtain flood and earthquake insurance if required by any lender holding a security interest in the PropertyBuilding. Landlord shall not obtain insurance for Tenant's fixtures or equipment ’s fixtures, equipment, or building improvements installed by Tenant on the PropertyPremises. During the Lease Term, Landlord shall also maintain (i) a rental income insurance policy, with loss payable to Landlord, in an amount equal to one year's ’s Base Rent, plus estimated real property taxes plus, to the extent available and deemed appropriate by Landlord, the Additional Rent, and (ii) such other insurance premiumscoverage as is customarily carried by landlords of comparable buildings. Tenant or Tenant’s insurance shall be liable for the payment of Tenant’s Pro Rata Share of any deductible amount under Landlord's ’s insurance covering damage to the Building or Tenant's ’s insurance policies maintained pursuant to this Section 4.04, in an amount not to exceed Ten Fifty Thousand Dollars ($10,000.0050,000). Notwithstanding the foregoing, for policies maintained by Landlord, Tenant shall pay Tenant's pro rata share of the deductible unless the claim is caused by any act or omission of Tenant in which case Tenant shall be liable for 100% of the deductible amount. Tenant shall not do or permit anything to be done which invalidates any such insurance policies. (c).

Property and Rental Income Insurance. During the Lease Term, Landlord shall maintain policies of insurance covering loss of or damage to the Property and the Project in the full amount of its replacement value. Such policy shall contain an Inflation Guard Endorsement and shall provide protection against all perils included within the classification of fire, extended coverage, vandalism, malicious mischief, special extended perils (all risk), sprinkler leakage and any other perils which Landlord deems reasonably necessary. Landlord shall also carry liability insurance in amounts equal to insurance carried by Tenant, covering the Property and the Project. Landlord shall have the right to obtain flood and earthquake insurance if required by any lender holding a security interest in the Property. Landlord shall not obtain insurance for Tenant's fixtures or equipment or building improvements installed by Tenant on the Property. During the Lease Term, Landlord shall also maintain a rental income insurance policy, with loss payable to Landlord, in an amount equal to one year's Base Rent, plus estimated real property taxes and insurance premiums. Tenant shall be liable for the payment of any deductible amount under Landlord's or Tenant's insurance policies maintained pursuant to this Section 4.044.4, in an amount not to exceed Ten Thousand Dollars ($10,000.0010,000). Notwithstanding the foregoing, for policies maintained by Landlord, Tenant shall pay Tenant's pro rata share of the deductible unless the claim is caused by any act or omission of Tenant in which case Tenant shall be liable for 100% of the deductible amount. Tenant shall not do or permit anything to be done which invalidates any such insurance policies. (c).

Property and Rental Income Insurance. During the Lease Term, Landlord Tenant shall maintain policies of insurance covering loss of or damage to the Property in the full amount of its replacement valuevalue and shall name Landlord as additional insured thereon. Such policy shall also name Landlord’s mortgage lender as additional insured, mortgagee and loss payee thereon. The parties hereto agree that casualty proceeds shall be paid to the mortgage lender or if there is not a mortgage lender, to a third party administrator mutually agreed upon by Landlord and Tenant, for disbursement. Such policy shall contain an Inflation Guard Endorsement and shall provide protection against all perils included within the classification of fire, extended coverage, vandalism, malicious mischief, special extended perils (all risk), sprinkler leakage and any other perils which Landlord deems reasonably necessary. Landlord shall have the right to cause Tenant to obtain flood flood, terrorism and earthquake insurance if required by any lender holding a security interest in the Property. Landlord shall not obtain insurance for Tenant's ’s fixtures or equipment or building improvements installed by Tenant on the Property. During the Lease Term, Landlord Tenant shall also maintain a rental income insurance policy, with loss payable to Landlord, in an amount equal to one year's ’s Base Rent or Option Rent, as the case may be, plus estimated real property taxes and insurance premiums. Tenant shall be liable for the payment of any deductible amount under Landlord's ’s or Tenant's ’s insurance policies maintained pursuant to this Section 4.04, in an amount not to exceed Ten Thousand Dollars ($10,000.0010,000). Notwithstanding the foregoing, for policies maintained by Landlord, Tenant shall pay Tenant's pro rata share of the deductible unless the claim is caused by any act or omission of Tenant in which case Tenant shall be liable for 100% of the deductible amount. Tenant shall not do or permit anything to be done which invalidates any such insurance policies. (c).

Property and Rental Income Insurance. During the Lease Term, Landlord Tenant shall maintain policies of insurance covering loss of or damage to the Property in the full amount of its replacement value. Such policy shall contain an Inflation inflation Guard Endorsement and shall provide protection against all perils included within the classification of fire, extended coverage, vandalism, malicious mischief, special extended perils (all risk), sprinkler leakage and any other perils which Landlord deems reasonably necessary. Landlord shall have the right to obtain flood and earthquake insurance if required by any lender holding a security interest in the Property. Landlord shall not obtain insurance for Tenant's fixtures or equipment or building improvements installed by Tenant on the Property. During the Lease Term, Landlord Tenant shall also maintain a rental income insurance policy, with loss payable to Landlord, in an amount equal to one (1) year's Base Rent, plus estimated real property taxes Real Property Taxes, CAM Charges and insurance premiums. Tenant shall be liable for the payment of any deductible amount under Landlord's or Tenant's insurance policies maintained pursuant to this Section 4.04, in an amount not to exceed Ten Thousand Dollars Fifty THOUSAND DOLLARS ($10,000.0050,000.00). Notwithstanding the foregoing, for policies maintained by Landlord, Tenant shall pay Tenant's pro rata share of the deductible unless the claim is caused by any act or omission of Tenant in which case Tenant shall be liable for 100% of the deductible amount. Tenant shall not do or permit anything to be done which invalidates any such insurance policies. (cTenant shall be liable for payment of any deductible amount. Tenant shall maintain such policies set forth in this Section 4.04(b) provided Landlord and its lenders are named additional insureds under such policies. If Tenant shall fail to deliver certificates of insurance or certificates showing renewal, or if such policies are cancelled or modified as further set forth in Section 4.04(d)(ii), Landlord may obtain such insurance and have the right to xxxx Tenant directly for the costs of such policies.

Property and Rental Income Insurance. During the Lease Term, Landlord shall maintain policies of insurance covering loss of or damage to the Property in the full amount of its replacement value. Such policy shall contain an Inflation inflation Guard Endorsement and shall provide protection against all perils included within the classification of fire, extended coverage, vandalism, malicious mischief, special extended perils (all risk), sprinkler leakage and any other perils which Landlord deems reasonably necessary. Landlord shall have the right to obtain flood and earthquake insurance if required by any lender holding a security interest in the PropertyProperty at no cost to Tenant. Landlord shall not obtain insurance for Tenant's ’s fixtures or equipment or building improvements installed by Tenant on the Property. During the Lease Term, Landlord shall also maintain a rental income insurance policy, at Tenant’s expense, with loss payable to Landlord, in an amount equal to one (1) year's ’s Base Rent, plus estimated real property taxes and insurance premiums. Tenant shall be liable for the payment of any deductible amount under Landlord's or Tenant's ’s insurance policies maintained pursuant to this Section 4.04. Additionally, in an amount not to exceed Ten Thousand Dollars ($10,000.00). Notwithstanding the foregoing, for policies maintained by Landlord, Tenant shall pay Tenant's pro rata share of the deductible unless the claim is caused by any act or omission of Tenant in which case Tenant shall be liable for 100% the payment of the any deductible amountamount under Landlord’s insurance policies maintained pursuant to this Section 4.04 which deductible amount shall not exceed TWENTY-FIVE THOUSAND DOLLARS ($25,000.00). Tenant shall not do or permit anything to be done which invalidates any such insurance policies. (c).