Common use of Public Liability and Workers' Compensation Insurance Clause in Contracts

Public Liability and Workers' Compensation Insurance. During the Term of each Property, Lessee shall procure and carry, at Lessee's sole cost and expense, commercial general liability insurance for claims for injuries or death sustained by persons or damage to property while on the Properties or the premises where the Equipment is located and such other public liability coverages as are then customarily carried by similarly situated companies conducting business similar to that conducted by Lessee. Such insurance shall be on terms and in amounts (and with deductibles and limitations on coverage) that are no less favorable than insurance maintained by Lessee with respect to similar properties and equipment that it owns and are then carried by similarly situated companies conducting business similar to that conducted by Lessee. The policies shall be endorsed to name Lessor (for itself and on behalf of the Holders) and the Agent (for itself and on behalf of the Lenders) as additional insureds. The policies shall also specifically provide that such policies shall be considered primary insurance which shall apply to any loss or claim before any contribution by any insurance which Lessor, any Holder, the Agent or any Lender may have in force. Lessee shall, in the operation of the Properties, comply with the applicable workers' compensation laws and protect Lessor, each Holder, the Agent and each Lender against any liability under such laws.

Appears in 2 contracts

Samples: Lease Agreement (Wackenhut Corrections Corp), Lease Agreement (Wackenhut Corrections Corp)

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Public Liability and Workers' Compensation Insurance. During the Term of for each Property, Lessee shall procure and carry, at Lessee's sole cost and expense, commercial general liability and umbrella liability insurance for claims for injuries or death sustained by persons or damage to property while on the Properties or the premises where the Equipment is located and such other public liability coverages as are then customarily carried by similarly situated companies conducting business similar to that conducted by Lessee. Such insurance shall be on terms and in amounts (and with deductibles and limitations on coverage) that are no less favorable than insurance maintained by Lessee with respect to similar properties and equipment that it owns and are then carried by similarly situated companies conducting business similar to that conducted by Lessee, and in no event shall have a minimum combined single limit per occurrence coverage (i) for commercial general liability of less than $1,000,000 and (ii) for umbrella liability of less than $50,000,000. The policies shall name the Lessee as the insured and shall be endorsed to name Lessor (for itself and on behalf of Lessor, the Holders) , the Agent and the Agent (for itself and on behalf of the Lenders) Lenders as additional insureds. The policies shall also specifically provide that such policies shall be considered primary insurance which shall apply to any loss or claim before any contribution by any insurance which Lessor, any Holder, the Agent or any Lender may have in force. Lessee shall, in the operation of the Properties, comply with the applicable workers' compensation laws and protect Lessor, each Holder, the Agent and each Lender against any liability under such laws.

Appears in 2 contracts

Samples: Lease Agreement (Capital One Financial Corp), Lease Agreement (Capital One Financial Corp)

Public Liability and Workers' Compensation Insurance. During the Term of each PropertyTerm, Lessee shall procure and carry, at Lessee's sole cost and expense, commercial general liability insurance for claims for injuries or death sustained by persons or damage to property while on the Properties a Property or the premises where the Equipment is located and such other public liability coverages as are then customarily carried by similarly situated companies conducting business similar to that conducted by Lessee. Such insurance shall be on terms and in amounts (and with deductibles and limitations on coverage) that are no less favorable than insurance maintained by Lessee with respect to similar properties and equipment that it owns and are then carried by similarly situated companies conducting business similar to that conducted by Lessee. The policies shall be endorsed to name Lessor (for itself and on behalf of Lessor, the Holders) , the Agent and the Agent (for itself and on behalf of the Lenders) Lenders as additional insuredsinsureds and, to the extent of their interest, loss payees. The policies shall also specifically provide that such policies shall be considered primary insurance which shall apply to any loss or claim before any contribution by any insurance which Lessor, any Holder, the Agent or any Lender may have in force. Lessee shall, in the operation of the Propertieseach Property, comply with the applicable workers' compensation laws and protect Lessor, each Holder, the Agent and each Lender against any liability under such laws.

Appears in 2 contracts

Samples: Lease Agreement (Healthsouth Corp), Lease Agreement (Healthsouth Corp)

Public Liability and Workers' Compensation Insurance. During the Term of each Property, Lessee shall procure and carry, at Lessee's sole cost and expense, commercial general liability insurance for claims for injuries or death sustained by persons or damage to property while on the Properties or the premises where the Equipment is located and such other public liability coverages as are then customarily carried ordinarily procured by similarly situated companies conducting business Persons who own or operate similar to that conducted by Lesseeproperties or equipment in similar businesses. Such insurance shall be on terms and in amounts (and with deductibles and limitations on coverage) that are no less favorable than insurance maintained by Lessee with respect to similar properties and equipment that it owns and that are then carried by similarly situated companies conducting business similar to that conducted by Lesseein accordance with normal industry practice. The policies shall be endorsed to name Lessor (for itself and on behalf of Lessor, the Holders) Holder, the Agent and the Agent (for itself and on behalf of the Lenders) Lenders as additional insureds. The policies shall also specifically provide that such policies shall be considered primary insurance which shall apply to any loss or claim before any contribution by any insurance which Lessor, any the Holder, the Agent or any Lender the Lenders may have in force. Lessee shall, in the operation of the Properties, comply with the applicable workers' compensation laws and protect Lessor, each the Holder, the Agent and each Lender the Lenders against any liability under such laws.

Appears in 1 contract

Samples: Lease Agreement (Meyer Fred Inc)

Public Liability and Workers' Compensation Insurance. During the Term of for each Property, Lessee shall procure and carry, at Lessee's sole cost and expense, commercial general liability and umbrella liability insurance for claims for injuries or death sustained by persons or damage to property while on the Properties such Property or the premises where respecting the Equipment is located and such other public liability coverages as are then customarily carried by similarly situated companies conducting business similar to that conducted by Lessee. Such insurance shall be on terms and in amounts (and with deductibles and limitations on coverage) that are no less favorable than insurance maintained by Lessee with respect to similar properties and equipment that it owns and are then carried by similarly situated companies conducting business similar to that conducted by Lessee, and in no event shall have a minimum combined single limit per occurrence coverage (i) for commercial general liability of less than $1,000,000 and (ii) for umbrella liability of less than $15,000,000. The policies shall name Lessee as the insured and shall be endorsed to name Lessor (for itself and on behalf of Lessor, the Holders) , the Agent and the Agent (for itself and on behalf of the Lenders) Lenders as additional insureds. The policies shall also specifically provide that such policies shall be considered primary insurance which shall apply to any loss or claim before any contribution by any insurance which Lessor, any Holder, the Agent or any Lender may have in force. Lessee shall, in In the operation of the Properties, Lessee shall comply with the applicable workers' compensation laws and protect Lessor, each Holder, the Agent and each Lender against any liability under such laws.

Appears in 1 contract

Samples: Lease Agreement (Us Foodservice/Md/)

Public Liability and Workers' Compensation Insurance. During the Term of each Property, Lessee shall procure and carry, at Lessee's sole cost and expense, commercial general liability insurance for claims for injuries or death sustained by persons or damage to property while on the Properties or the premises where the Equipment is located and such other public liability coverages as are then customarily carried ordinarily procured by similarly situated companies conducting business Persons who own or operate similar to that conducted by Lesseeproperties or equipment in similar businesses. Such insurance shall be on terms and in amounts (and with deductibles and limitations on coverage) that are no less favorable than insurance maintained by Lessee with respect to similar properties and equipment that it owns and that are then carried by similarly situated companies conducting business similar to that conducted by Lesseein accordance with normal industry practice. The policies shall be endorsed to name Lessor (for itself and on behalf of Lessor, the Holders) , the Agent and the Agent (for itself and on behalf of the Lenders) Lenders as additional insureds. The policies shall also specifically provide that such policies shall be considered primary insurance which shall apply to any loss or claim before any contribution by any insurance which Lessor, any Holderthe Holders, the Agent or any Lender the Lenders may have in force. Lessee shall, in the operation of the Properties, comply with the applicable workers' compensation laws and protect Lessor, each Holderthe Holders, the Agent and each Lender the Lenders against any liability under such laws.

Appears in 1 contract

Samples: Memorandum of Lease Agreement (Meyer Fred Inc)

Public Liability and Workers' Compensation Insurance. During the Term of each Property, Lessee shall procure and carry, at Lessee's sole cost and expense, commercial general liability insurance for claims for injuries or death sustained by persons or damage to property while on the Properties or the premises where the Equipment is located and such other public liability coverages as are then customarily carried by similarly situated companies conducting business similar to that conducted by Lessee. Such insurance shall be on terms and in amounts (and with deductibles and limitations on coverage) that are (a) reasonably satisfactory to Lessor and the Agent and (b) no less favorable than insurance maintained by Lessee with respect to similar properties and equipment that it owns and are then carried by similarly situated companies conducting business similar to that conducted by Lessee. The policies shall be endorsed to name Lessor (for itself and on behalf of Lessor, the Holders) Agent, the Lenders and the Agent (for itself and on behalf of the Lenders) Holders as additional insureds. The policies shall also specifically provide that such policies shall be considered primary insurance which shall apply to any loss or claim before any contribution by any insurance which Lessor, any Holder, the Agent or any Lender may have in force. Lessee shall, in the operation of the Properties, comply with the applicable workers' compensation laws and protect Lessor, each Holder, the Agent and each Lender against any liability under such laws.

Appears in 1 contract

Samples: Lease Agreement (Aviation Sales Co)

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Public Liability and Workers' Compensation Insurance. (a) During the Term of for each Property, Lessee shall procure and carry, at Lessee's sole cost and expense, commercial general liability and umbrella liability insurance for claims for injuries or death sustained by persons or damage to property while on the Properties such Property or the premises where respecting the Equipment is located and such other public liability coverages as are acceptable to the Lessor and the Agent and as are then customarily carried by similarly situated companies conducting business similar to that conducted by Lessee. Such insurance shall be on terms and in amounts (and with deductibles and limitations on coverage) that are no less favorable than insurance maintained by Lessee with respect to similar properties and equipment that it owns and are then carried by similarly situated companies conducting business similar to that conducted by Lessee, and in no event shall have a minimum combined single limit per occurrence coverage (i) for commercial general liability of less than $2,000,000 and (ii) for umbrella liability of less than $5,000,000. The policies shall name Lessee as the insured and shall be endorsed to name Lessor (for itself and on behalf of Lessor, the Holders) , the Agent and the Agent (for itself and on behalf of the Lenders) Lenders as additional insureds. The policies shall also specifically provide that such policies shall be considered primary insurance which shall apply to any loss or claim before any contribution by any insurance which Lessor, any Holder, the Agent or any Lender may have in force. Lessee shall, in the operation of the Properties, comply with the applicable workers' compensation laws and protect Lessor, each Holder, the Agent and each Lender against any liability under such laws.

Appears in 1 contract

Samples: Lease Agreement (Shurgard Storage Centers Inc)

Public Liability and Workers' Compensation Insurance. During the Term of each PropertyTerm, Lessee shall procure and carry, at Lessee's ’s sole cost and expense, commercial general liability insurance for claims for injuries or death sustained by persons or damage to property while on the Properties a Property or the premises where the Equipment is located and such other public liability coverages as are then customarily carried by similarly situated companies conducting business similar to that conducted by Lessee. Such insurance shall be on terms and in amounts (and with deductibles and limitations on coverage) that are no less favorable than insurance maintained by Lessee with respect to similar properties and equipment that it owns and are then carried by similarly situated companies conducting business similar to that conducted by Lessee. The policies shall be endorsed to name Lessor (for itself and on behalf of Lessor, the Holders) , the Agent and the Agent (for itself and on behalf of the Lenders) Lenders as additional insuredsinsureds and, to the extent of their interest, loss payees. The policies shall also specifically provide that such policies shall be considered primary insurance which shall apply to any loss or claim before any contribution by any insurance which Lessor, any Holder, the Agent or any Lender may have in force. Lessee shall, in the operation of the Propertieseach Property, comply with the applicable workers' compensation laws and protect Lessor, each Holder, the Agent and each Lender against any liability under such laws.

Appears in 1 contract

Samples: Lease Agreement (Healthsouth Corp)

Public Liability and Workers' Compensation Insurance. During the Term of each Property, Lessee shall procure and carry, at Lessee's sole cost and expense, commercial general liability insurance for claims for injuries or death sustained by persons or damage to property while on the Properties or the premises where the Equipment is located and such other public liability coverages as are then customarily carried by similarly situated companies conducting business similar to that conducted by Lessee. Such insurance shall be on terms and in amounts (and with deductibles and limitations on coverage) that are (a) reasonably satisfactory to Lessor, the Agent and (b) no less favorable than insurance maintained by Lessee with respect to similar properties and equipment that it owns and are then carried by similarly situated companies conducting business similar to that conducted by Lessee. The policies shall be endorsed to name Lessor (for itself and on behalf of Lessor, the Holders) Agent, the Lenders and the Agent (for itself and on behalf of the Lenders) Holders as additional insureds. The policies shall also specifically provide that such policies shall be considered primary insurance which shall apply to any loss or claim before any contribution by any insurance which Lessor, any Holder, the Agent or any Lender may have in force. Lessee shall, in the operation of the Properties, comply with the applicable workers' compensation laws and protect Lessor, each Holder, the Agent and each Lender against any liability under such laws.

Appears in 1 contract

Samples: Lease Agreement (Tech Data Corp)

Public Liability and Workers' Compensation Insurance. During the Term of each PropertyTerm, Lessee shall procure and carry, at Lessee's ’s sole cost and expense, commercial general liability and umbrella liability insurance for claims for injuries or death sustained by persons or damage to property while on the Properties Property or the premises where respecting the Equipment is located and such other public liability coverages as are then customarily carried by similarly situated companies conducting business similar to that conducted by LesseeLessee in the same geographic region. Such insurance shall be on terms and in amounts (and with deductibles and limitations on coverage) that are no less favorable than insurance maintained by Lessee with respect to similar properties and equipment that it owns and are then carried by similarly situated companies conducting business similar to that conducted by Lessee, and in no event shall have a minimum combined single limit per occurrence coverage (i) for commercial general liability of less than $1,000,000 and (ii) for umbrella liability of less than $10,000,000. The policies shall name Lessee as the insured and shall be endorsed to name Lessor (for itself and on behalf of the Holders) and the Agent (for itself and on behalf of the Lenders) each other Financing Party as additional insureds. The policies shall also specifically provide that such policies shall be considered primary insurance which shall apply to any loss or claim arising in connection with the Property before any contribution by any insurance which Lessor, any Holder, the Agent or any Lender other Financing Party may have in force. Lessee shall, in In the operation of the PropertiesProperty, Lessee shall comply with the applicable workers' compensation laws and protect Lessor, each Holder, the Agent and each Lender other Financing Party against any liability under such laws.

Appears in 1 contract

Samples: Lease Agreement (United Therapeutics Corp)

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