Common use of Property Insurance-Landlord Clause in Contracts

Property Insurance-Landlord. (a) Landlord shall maintain in full force and effect at all times a standard policy or policies insuring against "all risk" perils (also known as "special perils") covering the Premises in an amount at least sufficient to avoid the effects of coinsurance provisions of the policy or policies (i.e., not less than ninety percent [90%] of the actual replacement cost of the Premises and other improvements, without deduction for depreciation and excluding foundations, excavation costs and the cost of underground flues, pipes and drains, if such costs are properly excludable under coinsurance requirements). Such insurance shall include (i) a standard form of lender's loss payable endorsement, issued to the holder or holders of a mortgage or deed of trust secured in whole or in part by the Premises and the other property on which the insured improvements are located; (ii) at Landlord's sole option, coverage for flood or earthquake or both; and (iii) rental income insurance equal to Base Rent and Operating Expenses for up to one year. In addition, Landlord shall obtain and keep in force during the Term such other insurance as Landlord deems advisable. (b) Tenant shall pay for any increase in the property insurance of the Premises or such other building or buildings if the increase is caused by Tenant's acts, omissions, use or occupancy of the Premises. Tenant shall not do or permit to be done anything which shall invalidate the insurance policies referred to in this Section. If Tenant does or permits to be done anything which shall increase the cost of the insurance policies referred to in this Section, then Tenant shall within thirty (30) days after demand therefore by Landlord reimburse Landlord for any additional premiums attributable to any act or omission or operation of Tenant causing such increase in the cost of insurance. Landlord shall deliver to Tenant a written statement setting forth the amount of any such insurance cost increase and showing in reasonable detail the manner in which it has been computed.

Property Insurance-Landlord. (a) Landlord shall maintain obtain and keep in full force and effect at all times during the term of this Lease a standard policy or policies insuring against "all risk" perils (also known as "special perils") of insurance covering loss or damage to the Premises Office Building Project improvements, but not Tenant's personal property, fixtures, equipment or Tenant improvements, in an the amount at least sufficient to avoid the effects of coinsurance provisions of the policy or policies (i.e., not less than ninety percent [90%] of the actual Landlord Initials:____________ FULL SERVICE - GROSS Tenant Initials:____________ 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 Premises and other improvements, without deduction for depreciation and excluding foundations, excavation costs and the cost of underground flues, pipes and drains, if such costs are properly excludable under coinsurance requirements). Such insurance shall include (i) a standard form of lender's loss payable endorsement, issued to the holder or holders of a mortgage or deed of trust secured in whole or in part by the Premises and the other property on which the insured improvements are located; (ii) at Landlord's sole option, coverage for flood or earthquake or both; and (iii) rental income insurance equal to Base Rent and Operating Expenses for up to one yearOffice Building Project. In addition, Landlord shall obtain and keep in force force, during the Term term of this Lease, a policy of rental value insurance covering a period of one year, with toss payable to Landlord, which insurance shall also cover all Operating Expenses for said period. Tenant will not be named in any such other insurance 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 deems advisable. (b) Tenant shall pay for any increase in or the property insurance of aforesaid lender may determine. In the event that the Premises or such other building or buildings if shall suffer an insured loss as defined In paragraph 9.1(f) hereof, the increase is caused by Tenant's acts, omissions, use or occupancy of deductible amounts under the Premisesapplicable insurance policies shall be deemed an Operating Expense. Tenant shall not do or permit to be done anything which shall invalidate the insurance policies referred carried by Landlord. Tenant shall pay the entirety of any increase in the property insurance premium for the Office Building Project over what it was immediately prior to in this Section. If Tenant does or permits to be done anything which shall increase the cost commencement of the insurance policies referred to in term of this Section, then Tenant shall within thirty (30) days after demand therefore Lease if the increase Is specified by Landlord reimburse Landlord for any additional premiums attributable to Landlord's Insurance carrier as being solely caused by the nature of Tenant's occupancy or any act or omission or operation of Tenant causing such increase in the cost of insurance. Landlord shall deliver to Tenant a written statement setting forth the amount of any such insurance cost increase and showing in reasonable detail the manner in which it has been computedTenant.

Property Insurance-Landlord. (a) Landlord shall maintain in full force and effect at all times a standard policy or policies insuring against "“all risk" ” perils (also known as "“special perils"”) covering the Premises Building and other improvements owned by Landlord in the Project in an amount at least sufficient to avoid the effects of coinsurance provisions of the policy or policies (i.e., not less than ninety percent [90%] of the actual replacement cost of the Premises Building and other improvements, without deduction for depreciation and excluding foundations, excavation costs and the cost of underground flues, pipes and drains, if such costs are properly excludable under coinsurance requirements). Such insurance shall include (i) a standard form of lender's ’s loss payable endorsement, issued to the holder or holders of a mortgage or deed of trust secured in whole or in part by the Premises Building and the other property on which the insured improvements are located; (ii) at Landlord's ’s sole option, coverage for flood or earthquake or both; and (iii) rental income insurance equal to Base Rent and Operating Expenses for up to one year. In addition, Landlord shall obtain and keep in force during the Term such other insurance as Landlord deems advisable. (b) Tenant shall pay for any increase in the property insurance of the Premises Building or such other building or buildings if the increase is caused by Tenant's ’s acts, omissions, use or occupancy of the Premises. Tenant shall not do or permit to be done anything which shall invalidate the insurance policies referred to in this SectionSection 11.3. If Tenant does or permits to be done anything which shall increase the cost of the insurance policies referred to in this SectionSection 11.3, then Tenant shall within thirty (30) days after demand therefore therefor by Landlord reimburse Landlord for any additional premiums attributable to any act or omission or operation of Tenant causing such increase in the cost of insurance. Landlord shall deliver to Tenant a written statement setting forth the amount of any such insurance cost increase and showing in reasonable detail the manner in which it has been computed.Initials: PD/VV KH/MN

Property Insurance-Landlord. (a) Landlord shall maintain in full force and effect at all times a standard policy or policies insuring against "all risk" perils (also known as "special perils") covering the Premises Building and other improvements owned by Landlord in the Business Park in an amount at least sufficient to avoid the effects of coinsurance provisions of the policy or policies (i.e., not less than ninety percent [90%] of the actual replacement cost of the Premises Building and other improvements, without deduction for depreciation and excluding foundations, excavation costs and the cost of underground flues, pipes and drains, if such costs are properly excludable under coinsurance requirements). Such insurance shall include (i) a standard form of lender's loss payable endorsement, issued to the holder or holders of a mortgage or deed of trust secured in whole or in part by the Premises Building and the other property on which the insured improvements are located; (ii) at Landlord's sole option, coverage for flood or earthquake or both; and (iii) rental income insurance equal to Base Rent and Operating Expenses for up to one year. In addition, Landlord shall obtain and keep in force during the Term such other insurance as Landlord deems advisable. (b) Tenant shall pay for any increase in the property insurance of the Premises Building or such other building or buildings if the increase is caused by Tenant's acts, omissions, use or occupancy of the Premises. Tenant shall not do or permit to be done anything which shall invalidate the insurance policies referred to in this SectionSection 11.3. If Tenant does or permits to be done anything which shall increase the cost of the insurance policies referred to in this SectionSection 11.3, then Tenant shall within thirty (30) days after demand therefore therefor by Landlord reimburse Landlord for any additional premiums attributable to any act or omission or operation of Tenant causing such increase in the cost of insurance. Landlord shall deliver to Tenant a written statement setting forth the amount of any such insurance cost increase and showing in reasonable detail the manner in which it has been computed.

Property Insurance-Landlord. (a) Landlord shall maintain in full force and effect at all times a standard policy or policies insuring against "“all risk" ” perils (also known as "“special perils"”) covering the Premises Building and other improvements owned by Landlord in the Project in an amount at least sufficient to avoid the effects of coinsurance provisions of the policy or policies (i.e., not less than ninety percent [90%] of the actual replacement cost of the Premises Building and other improvements, without deduction for depreciation and excluding foundations, excavation costs and the cost of underground flues, pipes and drains, if such costs are properly excludable under coinsurance requirements). Such insurance shall be subject to commercially-reasonable deductible amounts, and shall include (i) a standard form of lender's ’s loss payable endorsement, issued to the holder or holders of a mortgage or deed of trust secured in whole or in part by the Premises Building and the other property on which the insured improvements are located; (ii) at Landlord's ’s sole option, coverage for flood or earthquake or both; and (iii) rental income insurance equal to Base Rent and Operating Expenses for up to one year. In addition, Landlord shall obtain and keep in force during the Term such other insurance as Landlord deems advisable. (b) Tenant shall pay for any increase in the property insurance of the Premises Building or such other building or buildings if the increase is caused by Tenant's ’s acts, omissions, use or occupancy of the Premises. Tenant shall not do or permit to be done anything which shall invalidate the insurance policies referred to in this SectionSection 11.3. If Tenant does or permits anyone under Tenant’s control to be done do anything which shall in the Premises or about the Project in violation of this Lease, or if Tenant’s unusual activities or occupancy requirements in the Premises, and any such activities increase the cost of the insurance policies referred to in this SectionSection 11.3, then Tenant shall within thirty (30) days after demand therefore therefor by Landlord reimburse Landlord for any additional premiums attributable to any act or omission or operation of Tenant causing such increase in the cost of insurance. Landlord shall deliver to Tenant a written statement setting forth the amount of any such insurance cost increase and showing in reasonable detail the manner in which it has been computed.