Common use of Reports On Insurance Claims Clause in Contracts

Reports On Insurance Claims. Lessee shall promptly investigate and make a complete and timely written report to the appropriate insurance company as to all accidents, claims for damage relating to the ownership, operation, and maintenance of the Leased Property, any damage or destruction to the Leased Property and the estimated cost of repair thereof and shall prepare any and all reports required by any insurance company in connection therewith. All such reports shall be timely filed with the insurance company as required under the terms of the insurance policy involved, and a final copy of such report shall be furnished to Lessor. Lessee shall not adjust, settle, or compromise any insurance loss, or execute proofs of such loss, with respect to the insurance coverages set forth in Subsections 13.1(a), 13.1(b) or 13.1(c), in the aggregate amount of $10,000 or more, with respect to any single casualty or other event without the prior written consent of Lessor, which consent shall not be unreasonably withheld, delayed or conditioned.

Appears in 2 contracts

Samples: Consolidated Lease Amendment (Equity Inns Inc), Lease Agreement (Equity Inns Inc)

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Reports On Insurance Claims. Lessee shall promptly investigate and make a complete and timely written report to the appropriate insurance company company, as to all accidents, claims for damage relating to the ownership, operation, and maintenance of the Leased Property, any damage or destruction to the Leased Property and the estimated cost of repair thereof and shall prepare any and all reports required by any insurance company in connection therewith. All such reports shall be timely filed with the insurance company as required under the terms of the insurance policy involved, and a final copy of such report shall be furnished to Lessor. Lessee shall not adjust, settle, or compromise any insurance loss, or execute proofs of such loss, with respect to the insurance coverages set forth in Subsections 13.1(a), 13.1(b) or 13.1(c), in the aggregate amount of $10,000 or more, with respect to any single casualty or other event event, without the prior written consent of Lessor, which consent shall not be unreasonably withheld, delayed or conditioned.

Appears in 2 contracts

Samples: Consolidated Lease Agreement (Equity Inns Inc), Consolidated Lease Agreement (Equity Inns Inc)

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Reports On Insurance Claims. Lessee shall promptly investigate and make a complete and timely written report to the appropriate insurance company company, as to all accidents, claims for damage relating to the ownership, operation, and maintenance of the Leased Property, any damage or destruction to the Leased Property and the estimated cost of repair thereof and shall prepare any and all reports required by any insurance company in connection therewith. All such reports shall be timely filed with the insurance company as required under the terms of the insurance policy involved, and a final copy of such report shall be furnished to Lessorthe non-filing party. Lessee shall not adjust, settle, or compromise any insurance loss, or execute proofs of such loss, with respect to the insurance coverages set forth in Subsections Sections 13.1(a), 13.1(b) or 13.1(c), in the aggregate amount of $10,000 or more, with respect to any single casualty or other event event, without the prior written consent of Lessor, which consent shall not be unreasonably withheld, delayed or conditioned.

Appears in 1 contract

Samples: Lease Agreement (Strategic Hotel Capital Inc)

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