Release of Insured Claims. You release and relieve us and our Affiliates, and all of our and their officers, directors, shareholders, employees, agents, successors, assigns, contractors, and invitees and waive your entire right of recovery against us and our Affiliates and all of our officers, directors, shareholders, employees, agents, successors, assigns, contractors, and invitees for loss or damage arising out of or incident to the perils required to be insured against under this Section 7.9, which perils occur in, on or about your Store Premises or relate to your business on the Premises, whether due to the negligence of us or our Affiliates or you or any of our or your related parties. ARTICLE 8
Release of Insured Claims. The Lessee releases:
Release of Insured Claims. Landlord and Tenant each hereby releases the other from all claims and liabilities relating to any costs or other losses to the extent that (a) the releasing party either carries or is required by this Lease to carry (regardless of whether the released party consents to any self-insurance), insurance sufficient to cover such losses and (b) the released party is not required to indemnify the releasing party with respect to such cost or loss; provided, however, that the foregoing release shall not apply to the extent that its application would impair the effectiveness of the applicable insurance policy. In recognition of Tenant’s insurance obligations hereunder and as a material part of the consideration to Landlord, Tenant hereby assumes all risk of damage or destruction to Tenant’s trade fixtures and/or personal property or injury to persons in, upon or about the demised premises from any cause, including but not limited to, theft, (except for an uninsured loss and the damage or injury is caused by the acts or omissions of Landlord, its contractors, agents or employees) and hereby waives all such claims against Landlord.
Release of Insured Claims. The Lessee releases the Lessor, the Minister, the First Nation, the Council, and their respective officials, servants, employees, 108 Although most insureds will not likely lose coverage when acting within the law, which is already a requirement under section 7.1 of the Lease, this clause aims to make the Lessee’s insurance requirements Lease requirements. 109 This clause assists the Lessor and First Nation in monitoring the Lessee’s insurance obligations. 110 Lessees can sometimes obtain insurance without letting the insurer know about the Lease or its requirements. This clause helps to ensure that someone in the insurance industry has reviewed the insurance obtained against the Lease requirements to determine its adequacy. 111 Copies of policies are not required as a matter of course, but only upon request by the Lessor or First Nation. Initial policies are usually obtained and then sometimes only certificates of renewal. This clause requires a “certified copy” of a policy, meaning that it is prepared by the insurer and is not merely a photocopy of the insured’s policy document. agents, contractors, subcontractors, and other legal representatives from all liability for loss (including economic loss), damage, and injury (including loss, damage, and injury arising out of the negligent acts or omissions of any of them) in any way caused by or resulting from any of the perils or injury against which it has covenanted in this Lease to insure.112
