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

Public Liability and Workers' Compensation Insurance. During the Term 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 such Property or respecting the Equipment 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 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 such coverage have a minimum combined single limit per occurrence coverage for commercial general liability of less than $25,000,000.00 or less than $50,000,000.00 in the aggregate. The policies shall name Lessee as the insured and shall be endorsed to name Lessor, Trust Company, the Holders, the Agent and 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. In the operation of the Properties, Lessee shall comply with 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 (Pep Boys Manny Moe & Jack)

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Public Liability and Workers' Compensation Insurance. During the Term for each the 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 such the Property or respecting the Equipment 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 that are no less favorable than insurance maintained by Lessee with respect to similar properties and equipment that it owns they own and are then carried by similarly situated companies conducting business similar to that conducted by Lessee, and in no event shall such coverage have a minimum combined single limit per occurrence coverage (i) for commercial general liability of less than $25,000,000.00 or 1 million combined single limit and (ii) for umbrella liability of less than $50,000,000.00 in the aggregate25 million. The policies shall name Lessee as the insured and shall be endorsed to name Lessor, Trust Company, the Holders, the Agent and the Lenders each Primary 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 Primary Financing Party may have in force. In the operation of the PropertiesProperty, Lessee shall comply with applicable workers' compensation laws and protect Lessor, each Holder,the Agent and each Lender Primary Financing Party against any liability under such laws.

Appears in 1 contract

Samples: Lease Agreement (Capital One Financial Corp)

Public Liability and Workers' Compensation Insurance. During the Term 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 such Property or respecting the Equipment 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 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 such coverage have a minimum combined single limit per occurrence coverage (i) for commercial general liability of less than $25,000,000.00 or 1,000,000 and (ii) for umbrella liability of less than $50,000,000.00 in the aggregate10,000,000. The policies shall name Lessee as the insured and shall be endorsed to name Lessor, Trust Company, the Holders, the Agent and 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. In the operation of the Properties, Lessee shall comply with 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 (Centennial Healthcare Corp)

Public Liability and Workers' Compensation Insurance. During Subject to Section 14.5, during the Term for each the Property, 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 such the Property or respecting the Equipment 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 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 such coverage have a minimum combined single limit per occurrence coverage (i) for commercial general liability of less than $25,000,000.00 or 1,000,000 and (ii) for umbrella liability of less than $50,000,000.00 in the aggregate20,000,000. The policies shall name Lessee as the insured and shall be endorsed to name Lessor, Trust Company, the Holders, the Agent and the Lenders each Primary 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 Primary Financing Party may have in force. In the operation of the PropertiesProperty, Lessee shall comply with applicable workers' compensation laws and protect Lessor, each Holder,the Agent and each Lender Primary Financing Party against any liability under such laws.

Appears in 1 contract

Samples: Lease Agreement (Human Genome Sciences Inc)

Public Liability and Workers' Compensation Insurance. During the Term 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 such Property or respecting the Equipment and such other public liability coverages (including automobile liability and other 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 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 such coverage have a minimum combined single limit per occurrence coverage (i) for commercial general liability of less than $25,000,000.00 or 2,000,000 and (ii) for umbrella liability of less than $50,000,000.00 in the aggregate15,000,000. The policies shall name Lessee as the insured and shall be endorsed to name Lessor, Trust Company, the Holders, the Agent and 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. In the operation of the Properties, Lessee shall comply with 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: Master Lease Agreement (Veritas Software Corp /De/)

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Public Liability and Workers' Compensation Insurance. During the Term 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 such Property or respecting the Equipment 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 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 such coverage have a minimum combined single limit per occurrence coverage (i) for commercial general liability of less than $25,000,000.00 or 1,000,000 and (ii) for umbrella liability of less than $50,000,000.00 in the aggregate15,000,000. The policies shall name Lessee as the insured and shall be endorsed to name Lessor, Trust Company, the Holders, the Agent and 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. In the operation of the Properties, Lessee shall comply with 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: Participation Agreement (Franklin Resources Inc)

Public Liability and Workers' Compensation Insurance. During Subject to Section 14.5, during the Term for each the 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 such the Property or respecting the Equipment 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 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 such coverage have a minimum combined single limit per occurrence coverage (i) for commercial general liability of less than $25,000,000.00 or 1,000,000.00 and (ii) for umbrella liability of less than $50,000,000.00 in the aggregate25,000,000.00. The policies shall name Lessee as the insured and shall be endorsed to name Lessor, Trust Company, the Holders, the Agent and the Lenders each Primary 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 Primary Financing Party may have in force. In the operation of the PropertiesProperty, Lessee shall comply with applicable workers' compensation laws and protect Lessor, each Holder,the Agent and each Lender Primary Financing Party against any liability under such laws.

Appears in 1 contract

Samples: Lease Agreement (Toys R Us Inc)

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