Public Liability and Workers' Compensation Insurance. Subject to Section 14.5, during the Term for 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 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 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 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 $20,000,000. The policies shall name Lessee as the insured and shall be endorsed to name the Agent and 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 the Agent or any Primary Financing Party may have in force. In the operation of the Property, Lessee shall comply with applicable workers’ compensation laws and protect the Agent and each Primary Financing Party against any liability under such laws.
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Public Liability and Workers' Compensation Insurance. Subject to Section 14.5, during During the Term for the each 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 the 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 in the same geographic regionLessee. 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 have a minimum combined single limit per occurrence coverage (i) for commercial general liability of less than $1,000,000 2,000,000 and (ii) for umbrella liability of less than $20,000,00015,000,000. The policies shall name Lessee as the insured and shall be endorsed to name Lessor, the Holders, the Agent and each Primary Financing Party 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 arising in connection with the Property before any contribution by any insurance which Lessor, any Holder, the Agent or any Primary Financing Party Lender may have in force. In the operation of the PropertyProperties, Lessee shall comply with applicable workers’ ' compensation laws and protect Lessor, each Holder, the Agent and each Primary Financing Party Lender against any liability under such laws.
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Samples: Master Lease Agreement (Veritas Software Corp /De/)
Public Liability and Workers' Compensation Insurance. Subject to Section 14.5, during During the Term for the each 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 the any Property or respecting the Equipment and such other public liability coverages as are then customarily carried in accordance with Lessee's historical practices and if required by similarly situated companies conducting business similar the Mortgage Note Lender other than Wachovia Bank, National Association, earthquake insurance acceptable to that conducted by Lessee in the same geographic regionMortgage Note Lender. 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 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 $20,000,00015,000,000. The policies shall name Lessee as the insured and shall be endorsed to name the Agent and 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 any Property before any contribution by any insurance which the Agent or any Primary Financing Party may have in force. In the operation of the each Property, Lessee shall comply with applicable workers’ ' compensation laws and protect the Agent and each Primary Financing Party against any liability under such laws.
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Public Liability and Workers' Compensation Insurance. Subject to Section 14.5, during During the Term for 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 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 in the same geographic regionLessee. 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 have a minimum combined single limit per occurrence coverage (i) for commercial general liability of less than $1,000,000 1 million combined single limit and (ii) for umbrella liability of less than $20,000,00025 million. The policies shall name Lessee as the insured and shall be endorsed to name Lessor, the Agent and 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, the Agent or any Primary Financing Party may have in force. In the operation of the Property, Lessee shall comply with applicable workers’ ' compensation laws and protect Lessor, the Agent and each Primary Financing Party against any liability under such laws.
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Public Liability and Workers' Compensation Insurance. Subject to Section 14.5, during the Term for 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 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 in the same geographic regionLessee. 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 have a minimum combined single limit per occurrence coverage (i) for commercial general liability of less than $1,000,000 1,000,000.00 and (ii) for umbrella liability of less than $20,000,00025,000,000.00. The policies shall name Lessee as the insured and shall be endorsed to name Lessor, the Agent and 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, the Agent or any Primary Financing Party may have in force. In the operation of the Property, Lessee shall comply with applicable workers’ ' compensation laws and protect Lessor, the Agent and each Primary Financing Party against any liability under such laws.
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Samples: Lease Agreement (Toys R Us Inc)