Common use of Property Insurance-Tenant Clause in Contracts

Property Insurance-Tenant. Tenant shall, at all times during the term hereof, at its expense, maintain a policy or policies insuring the Property against loss or damage by fire, explosion, and other hazards and contingencies (“all risk” as such term is used in the insurance industry), and plate glass insurance as required in the reasonable discretion of Landlord, in an amount of not less than full insurable value.

Appears in 1 contract

Sources: Commercial Lease (Drugmax Inc)

Property Insurance-Tenant. Tenant shall, shall at all times during the term hereof, at its expense, maintain a policy or policies insuring the Property against loss or damage by fire, explosion, and other hazards and contingencies ("all risk," as such term is used in the insurance industry), and plate glass insurance as required in the reasonable discretion of Landlord, in an amount of not less than full insurable replacement value, as same may change from time to time.

Appears in 1 contract

Sources: Commercial Lease (Sonic Automotive Inc)

Property Insurance-Tenant. Tenant shall, shall at all times during the term hereof, at its expense, maintain a policy or policies insuring the Property against loss or damage by fire, explosion, and other hazards and contingencies (“all risk,” as such term is used in the insurance industry), and plate glass insurance as required in the reasonable discretion of Landlord, in an amount of not less than full insurable value.

Appears in 1 contract

Sources: Commercial Lease (Drugmax Inc)