Common use of Property Insurance-Landlord Clause in Contracts

Property Insurance-Landlord. Landlord shall obtain and keep in force during the term of this Lease a policy or policies of insurance covering loss or damage to the Office Building Project improvements, but not Tenant’s personal property, fixtures, equipment or tenant improvements, in the amount of the full replacement cost thereof, as the same may exist from time to time, utilizing Insurance Services Office standard form, or equivalent, providing protection against all perils included within the classification of fire, extended coverage, vandalism, malicious mischief, plate glass, and such other perils as Landlord deems advisable or may be required by a lender having a lien on the Office Building Project. In addition, Landlord shall obtain and keep in force during the term of this Lease, a policy of rental value insurance covering a period of one year, with loss payable to Landlord which insurance shall also cover all Operating Expenses for said period. Tenant will not be named in any such policies carried by Landlord and shall have no right to any proceeds therefrom. The policies required by these paragraphs 8.2 and 8.4 shall contain such deductibles as Landlord or the aforesaid lender may determine. In the event that the Premises shall suffer an insured loss as defined in paragraph 9.1(f) hereof, the deductible amounts under the applicable insurance policies shall be deemed an Operating Expense. Tenant shall not do or permit to be done anything which shall invalidate the insurance policies carried by Landlord. Tenant shall pay the entirety of any increase in the property insurance premium of the Office Building Project over what it was immediately prior to the commencement of the term of this Lease if the increase is specified by Landlord’s insurance carrier as being caused by the nature of Tenant’s occupancy or any act or omission of Tenant.

Property Insurance-Landlord. Landlord shall obtain and keep in force during the term Term of this Lease a policy or policies of insurance covering loss or damage to the Office Building, including any casualty to the Building Project improvementsSystems and any common areas, but not Tenant’s personal property, fixturesfixtures or equipment, equipment or tenant improvements, in the amount of for the full replacement cost thereof, as value of the same may exist from time to time, utilizing Insurance Services Office standard form, or equivalent, Building and any common areas providing protection against all perils included within the classification of fire“Fire and Extended Coverage,” together with insurance against sprinkler damage (if applicable), extended coverage, vandalism, vandalism and malicious mischief. Landlord, plate glasssubject to availability thereof, shall further insure, if Landlord deems it appropriate or if required by applicable law, coverage against flood, environmental hazard, earthquake, loss or failure of building equipment, rental loss during the period of repairs or rebuilding, workmen’s compensation insurance and fidelity bonds for employees employed to perform services and such other perils as Landlord deems advisable from time to time or may be required by a lender having a lien on the Office Building Project. In addition, Landlord shall obtain and keep in force during the term of this Lease, a policy of rental value insurance covering a period of one year, with loss payable to Landlord which insurance shall also cover all Operating Expenses for said periodBuilding. Tenant will not be named in any such policies carried by Landlord and shall have no right to any proceeds therefrom. Notwithstanding the foregoing, Landlord may, but shall not be deemed required to, provide insurance for any improvements installed by Tenant or that are in addition to the standard improvements customarily furnished by Landlord, without regard to whether or not such are made a part of or are affixed to the Building. The policies required by these paragraphs 8.2 Sections 7.2 and 8.4 7.4 shall contain such deductibles as Landlord or the aforesaid its lender may determine. In the event that the Premises shall suffer an insured loss as defined in paragraph 9.1(f) hereof, the deductible amounts under the applicable insurance policies shall be deemed an Operating Expense. Tenant shall not do or permit to be done anything which shall invalidate the insurance policies carried by Landlord. Tenant shall pay the entirety of any increase in the property any insurance premium of for the Office Building Project Premises over what it was immediately prior to the commencement of the term Term of this the Lease if the increase is specified by Landlord’s insurance carrier as being caused by the nature of Tenant’s occupancy or any act or omission of Tenant, or Tenant’s invitees. Any costs incurred by Landlord pursuant to this Section 7.4 shall constitute a portion of Operating Expenses.

Property Insurance-Landlord. Landlord shall obtain and keep in force during the term of this Lease a policy or policies of "all risk" coverage insurance covering loss or damage to the Office Building Project improvements, on a replacement cost basis (excluding foundations and footings), but not Tenant’s 's personal property, fixtures, equipment or tenant improvements, in the amount of the full replacement cost thereof, such amounts as the same may exist Landlord deems appropriate from time to time, utilizing Insurance Services Office standard form, or equivalent, time providing protection against all perils included within the classification of fire, extended coverage, vandalism, malicious mischief, plate glass, and such other perils as Landlord deems advisable from time to time or may be required by a lender having a lien on the Office Building ProjectBuilding. Such insurance may include earthquake, flood and boiler and machinery insurance. In addition, Landlord shall may obtain and keep in force force, during the term of this Lease, a policy of rental value insurance covering a period of one yearinsurance, with loss payable to Landlord Landlord, which insurance shall may also cover all Operating Expenses for said periodexpenses. Tenant will not be named in any such policies carried by Landlord and shall have no right to any proceeds therefrom. The policies required by these paragraphs 8.2 and 8.4 shall contain such deductibles as Landlord or the aforesaid lender may determine. In the event that the Premises shall suffer an insured loss Insured Loss as defined in paragraph 9.1(f) hereof9.1(e), the deductible amounts under the applicable insurance policies shall be deemed an Operating Expense. Tenant shall not do or permit to be done anything which shall invalidate the insurance policies carried by Landlord. Tenant shall pay the entirety of any increase in the property insurance premium of for the Office Building Project over what it was immediately prior to the commencement of the term of this Lease if the increase is specified by Landlord’s 's insurance carrier as being caused by the nature of Tenant’s 's occupancy or any act or omission of Tenant.

Property Insurance-Landlord. Landlord shall obtain agrees to maintain and keep in full force during and effect, with a reputable insurance company licensed to do business in the term state in which the Office Building Project is located, the following: (a) comprehensive general liability insurance against all claims, demands or actions for injury to or death of this Lease a person, or damage to property, to a limit of not less than $5,000,000 per occurrence and/or in the aggregate, including products liability and independent contractors' coverage, with broad form endorsement, arising from, related to, or in any way connected with the conduct and operation of Landlord's Office Building Project caused by actions or omissions to act, where there is a duty to act, of Landlord, it agents, servants and contractors, which insurance shall name Tenant, its agents, servants, employees, contractors, licenses, and invitees as additional insureds, (b) if there is a boiler or major refrigeration equipment or pressure object or other similar equipment in the Office Building Project, steam boiler, air conditioning, and machinery insurance written on broad form basis to the limit of not less that $300,000.00; and (c) a policy or policies of insurance covering loss or damage to the Office Building Project improvements, but not Tenant’s 's personal property, fixtures, equipment or tenant improvements, in the amount of the full replacement cost thereofof the Office Building Project, as the same may exist from time to time, utilizing Insurance Services Office standard form, or equivalent, equivalent providing protection against all perils included within the classification of fire, extended coverage, vandalism, malicious mischief, plate glass, and such other perils as Landlord deems advisable or may be required by a lender having a lien on the Office Building Project. In addition, Landlord shall obtain and keep in force force, during the term of this LeaseTerm, a policy of rental value insurance covering a period of one year, with loss payable to Landlord which insurance shall also cover all Operating Expenses for said periodLandlord. Tenant will not be named in any such policies carried by Landlord and shall have no right to any proceeds therefrom. The policies required by these paragraphs 8.2 and 8.4 under this paragraph 8 shall contain such deductibles as Landlord or the aforesaid Landlord's lender may determine. In the event that the Premises shall suffer an insured loss as defined in paragraph 9.1(f) hereof, the deductible amounts under the applicable insurance policies shall be deemed an Operating Expensedetermine are appropriate. Tenant shall not do or permit to be done anything which shall invalidate the insurance policies carried by Landlord. Tenant shall pay the entirety of any increase in the property insurance premium of for the Office Building Project over what it was immediately prior to the commencement of the term of this Lease Term if the increase is specified by Landlord’s 's insurance carrier as being caused by the nature of Tenant’s 's occupancy or any act or omission of Tenant.

Property Insurance-Landlord. Landlord shall obtain and keep in force during the term Term of this Lease a policy or policies of insurance covering loss or damage to the Office Building Project improvements, but not Tenant’s personal property, fixtures, equipment or tenant improvements, in the amount of the full replacement cost thereof, such amounts as the same may exist Landlord deems appropriate from time to time, utilizing Insurance Services Office standard form, or equivalent, time providing protection against all ail perils included within the classification of fire, extended coverage, vandalism, malicious mischief, plate glass, and such other perils as Landlord deems advisable from time to time or may be required by a lender having a lien on the Office Building ProjectBuilding. Such insurance may include earthquake, flood and boiler and machinery insurance. In addition, . Landlord shall may obtain and keep in force force, during the term Term of this Lease, a policy of rental value insurance covering a period of one yearinsurance, with loss payable to Landlord Landlord, which insurance shall may also cover all Operating Expenses for said periodand Real Estate Taxes. Tenant will not be named in any such policies carried by Landlord and shall have no right to any proceeds therefrom. The policies required by these paragraphs Paragraphs 8.2 and 8.4 shall contain such deductibles as Landlord or the aforesaid lender may determine. In the event that the Premises shall suffer an insured loss Insured Loss as defined in paragraph 9.1(f) hereof, Paragraph 9.1(e). the deductible amounts under the applicable insurance policies shall be deemed an Operating Expense. Tenant shall not do or permit to be done anything which shall invalidate the insurance policies carried by Landlord. Tenant shall pay the entirety of any increase in the property properly insurance premium of for the Office Building Project over what it was immediately prior to the commencement of the term Term of this Lease if the increase is specified by Landlord’s insurance carrier as being caused by the nature of Tenant’s occupancy or any act or omission of Tenant.

Property Insurance-Landlord. Landlord shall obtain and keep in force during the term of this Lease a policy or policies of insurance covering loss or damage to the Office Building Project improvements, but not Tenant’s 's personal property, fixtures, equipment or tenant improvementsimprovements (except for items constructed or installed by Landlord pursuant to Exhibit C), in the an amount of equal to the full replacement cost thereof, as value of the same may exist from time to time, utilizing Insurance Services Office standard form, or equivalent, Building Project providing protection against all perils included within the classification of fire, extended coverage, vandalism, malicious mischief, plate glass, and such other perils as Landlord deems advisable from time to time or may be required by a lender having a lien on the Office Building ProjectBuilding. Such insurance may include earthquake, flood and boiler and machinery insurance. In addition, Landlord shall may obtain and keep in force force, during the term of this Lease, a policy of rental value insurance covering a period of one yearinsurance, with loss payable to Landlord Landlord, which insurance shall may also cover all Operating Expenses for said periodExpenses. Tenant will not be named in any such policies carried by Landlord and shall have no right to any proceeds therefrom. The policies required by these paragraphs 8.2 and 8.4 shall contain such deductibles as Landlord or the aforesaid lender may determine. In the event that the Premises shall suffer an insured loss Insured Loss as defined in paragraph 9.1(f) hereof9.1(e), the deductible amounts under the applicable insurance policies shall be deemed an Operating Expense. Tenant shall not do or permit to be done anything which shall invalidate the insurance policies carried by Landlord. , provided, that in all cases Tenant shall pay be permitted to continue the entirety of any increase use specified in the property insurance premium of the Office Building Project over what it was immediately prior to the commencement of the term of this Lease if the increase is specified by Landlord’s insurance carrier as being caused by the nature of Tenant’s occupancy or any act or omission of Tenantparagraph 1.

Property Insurance-Landlord. Landlord shall obtain and keep in force during the term of this Lease a policy or policies of insurance covering loss or damage to the Office Building Project improvements, but not Tenant’s 's personal property, fixtures, equipment or tenant improvements, in the amount of the full replacement cost thereof, such amounts as the same may exist Landlord deems appropriate from time to time, utilizing Insurance Services Office standard form, or equivalent, time providing protection against all perils included within the classification of fire, extended coverage, vandalism, malicious mischief, plate glass, and such other perils as Landlord deems advisable from time to time or may be required by a lender having a lien on the Office Building ProjectBuilding. Such insurance may include earthquake, flood and boiler and machinery insurance. In addition, Landlord shall may obtain and keep in force force, during the term of this Lease, a policy of rental value insurance covering a period of one yearinsurance, with loss payable to Landlord Landlord, which insurance shall may also cover all Operating Expenses for said periodExpenses. Tenant will not be named in any such policies carried by Landlord and shall have no right to any proceeds therefrom. The policies required by these paragraphs 8.2 and 8.4 shall contain such deductibles as Landlord or the aforesaid lender may determine. In the event that the Premises shall suffer an insured loss Insured Loss as defined in paragraph 9.1(f) hereof9.1(e), the deductible amounts under the applicable insurance policies shall be deemed an Operating Expense. Tenant shall not do or permit to be done anything which shall invalidate the insurance policies carried by Landlord. Tenant shall pay the entirety of any increase in the property insurance premium of for the Office Building Project over what it was immediately prior to the commencement of the term of this Lease if the increase is specified by Landlord’s 's insurance carrier as being caused by the nature of Tenant’s 's occupancy or any act or omission of Tenant.

Property Insurance-Landlord. Landlord shall obtain and keep in force during the term of this Lease a policy or policies of insurance covering loss or damage to the Office Building Project improvements, but not Tenant’s 's personal property, fixtures, equipment or tenant improvements, in the amount of the full replacement cost thereof, as the same may exist from time to time, utilizing Insurance Services Office standard form, or equivalent, providing protection against all perils included within the classification of fire, extended coverage, vandalism, malicious mischief, plate glass, and such other perils as Landlord deems advisable or may be required by a lender having a lien on the Office Building Project. In addition, Landlord shall obtain and keep in force force, during the term of this Lease, a policy of rental value insurance covering a period of one year, with loss payable to Landlord Landlord, which insurance shall also cover all Operating Expenses for said period. Tenant will not be named in any such policies carried by Landlord and shall have no right to any proceeds therefrom. The policies required by these paragraphs 8.2 and 8.4 shall contain such deductibles as Landlord or the aforesaid lender may determine. In the event that the Premises shall suffer an insured loss as defined in paragraph 9.1(f) hereof, the deductible amounts under the applicable insurance policies shall be deemed an Operating Expense. Tenant shall not do or permit to be done anything which shall invalidate the insurance policies carried by Landlord. Tenant shall pay the entirety of any increase in the property insurance premium of for the Office Building Project over what it was immediately prior to the commencement of the term of this Lease if the increase is specified by Landlord’s 's insurance carrier as being caused by the nature of Tenant’s 's occupancy or any act or omission of Tenant. Landlord may elect to self insure.