Common use of Requirements of Insurance Coverage Clause in Contracts

Requirements of Insurance Coverage. All such insurance required to be carried by Tenant herein shall be with an insurance company licensed to do business in the Commonwealth of Virginia and rated not lower than A-XII in the A.M. Best Rating Guide. Such insurance (i) shall contain an endorsement that such policy shall remain in full force and effect notwithstanding that the insured has released its right of action against any party before the occurrence of a loss; (ii) shall name Landlord, Landlord's managing agent, the Parking Manager, and, at Landlord's request, any Mortgagee or ground lessor, as additional insured parties; and (iii) shall provide that the policy shall not be cancelled, failed to be renewed or materially amended without at least thirty (30) days' prior written notice to Landlord and, at Landlord's request, any Mortgagee. On or before the Commencement Date and, thereafter, not less than thirty (30) days before the expiration date of the insurance policy, an original of the policy (including any renewal or replacement policy) or a certified copy thereof, together with evidence satisfactory to Landlord of the payment of all premiums for such policy, shall be delivered to Landlord and, at Landlord's request, to any Mortgagee.

Appears in 1 contract

Samples: Imtek Office Solutions Inc

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Requirements of Insurance Coverage. All such insurance required to ---------------------------------- be carried by Tenant herein shall be with an insurance company licensed to do business in the Commonwealth of Virginia and rated not lower than A-XII in the A.M. Best Rating Guide. Such insurance (i) shall contain an endorsement that such policy shall remain in full force and effect notwithstanding that the insured has released its right of action against any party before the occurrence of a loss; (ii) shall name Landlord, Landlord's managing agent, the Parking Manager, Landlord and, at Landlord's request, any Mortgagee or ground lessor, as additional insured parties; and (iii) shall provide that the policy shall not be cancelled, failed to be renewed or materially amended without at least thirty (30) days' prior written notice to Landlord and, at Landlord's request, any Mortgagee. On or before the Commencement Date and, thereafter, not less than thirty (30) days before the expiration date of the insurance policy, an original of the policy (including any renewal or replacement policy) or a certified copy thereof, together with evidence satisfactory to Landlord of the payment of all premiums for such policy, shall be delivered to Landlord and, at Landlord's request, to any Mortgagee.

Appears in 1 contract

Samples: Work Agreement (Exodus Communications Inc)

Requirements of Insurance Coverage. All such insurance required to be ---------------------------------- carried by Tenant herein shall be with an insurance company licensed to do business in the Commonwealth of Virginia and rated not lower than A-XII in the A.M. Best Rating Guide. Such insurance (i) shall contain an endorsement that such policy shall remain in full force and effect notwithstanding that the insured has released its right of action against any party before the occurrence of a loss; (ii) shall name Landlord, Landlord's managing agent, the Parking Manager, Landlord and, at Landlord's request, any Mortgagee or ground lessor, as additional insured partiesinsured(s); and (iii) shall provide that the policy shall not be cancelledcanceled, failed to be renewed or materially amended without at least thirty (30) days' prior written notice to Landlord and, at Landlord's request, any Mortgagee, and (iv) shall be issued as primary policies and not contributing with and not in excess of coverage which the Landlord may carry. On or before the Commencement Date and, thereafter, not less than thirty (30) days before the expiration date of the insurance policy, an original a certificate of the policy (including any renewal or replacement policy) or a certified copy thereof, together with evidence satisfactory to Landlord of the payment of all premiums for insurance evidencing such policycoverages stated herein, shall be delivered to Landlord and, at Landlord's request, to any Mortgagee. Tenant's insurance policies shall not include deductibles in excess of Five Thousand and 00/100 Dollars ($5,000.00).

Appears in 1 contract

Samples: Disturbance and Attornment Agreement (Mantech International Corp)

Requirements of Insurance Coverage. All such insurance required to be carried by Tenant herein shall be with an insurance company licensed to do business in the Commonwealth of Virginia and rated not lower than A-XII in the A.M. Best Rating Guide. Such insurance (i) shall contain an endorsement that such policy shall remain in full force and effect notwithstanding that the insured has released its right of action against any party before the occurrence of a loss; (ii) shall name Landlord, Landlord's managing agent, the Parking Manager, Landlord and, at Landlord's request, any Mortgagee or ground lessor, as additional insured partiesinsured(s); and (iii) shall provide that the policy shall not be cancelled, failed to be renewed or materially amended without at least thirty (30) days' prior written notice to Landlord and, at Landlord's request, any Mortgagee, and (iv) shall be issued as primary policies and not contributing with and not in excess of coverage which the Landlord may carry. On or before the Commencement Date and, thereafter, not less than thirty (30) days before the expiration date of the insurance policy, an original of the policy (including any renewal or replacement policy) or a certified copy thereof, together with evidence satisfactory to Landlord of the payment of all premiums for such policy, shall be delivered to Landlord and, at Landlord's request, to any Mortgagee. Tenant's insurance policies shall not include deductibles in excess of Five Thousand and 00/100 Dollars ($5,000.00).

Appears in 1 contract

Samples: Disturbance and Attornment Agreement (Versatility Inc)

Requirements of Insurance Coverage. All such insurance required to be carried by Tenant herein shall be with an insurance company licensed to do business in the Commonwealth of Virginia and rated not lower than A-XII in the A.M. Best Rating Guide. Such insurance (i) shall contain an endorsement that such policy shall remain in full force and effect notwithstanding that the insured has released its right of action against any party before the occurrence of a loss; (ii) as to the liability insurance described in Section 17.2, shall name Landlord, Landlord's managing agent, the Parking Manager, Landlord and, at Landlord's ’s request, any Mortgagee or ground lessor(if any), as additional insured parties; and (iii) shall provide that the policy shall not be cancelledcanceled, failed to be renewed or materially amended without at least thirty (30) days' prior written notice to Landlord landlord and, at Landlord's ’s request, any MortgageeMortgagee (if any). On or before the Commencement Date and, thereafter, not less than thirty (30) days before the expiration date of the insurance policy, an original of the policy (including any renewal or replacement policy) or a certified copy thereof, together with evidence satisfactory to Landlord of the payment of all premiums for such policy, Tenant shall be delivered deliver to Landlord and, at Landlord's ’s request, to any MortgageeMortgagee (if any), a certificate of insurance, provided it is by its terms permitted to be relied upon by Landlord as evidence that the insurance referred therein is in full force and effect in the limits and with the deductible amounts stated.

Appears in 1 contract

Samples: Xo Holdings Inc

Requirements of Insurance Coverage. All such insurance required to be carried by Tenant herein shall be with an insurance company licensed to do business in the Commonwealth of Virginia and rated not lower than A-XII in the A.M. Best Rating Guide. Such insurance (i) shall contain an endorsement that such policy shall remain in full force and effect notwithstanding that the insured has released its right of action against any party before the occurrence of a loss; (ii) shall name Landlord, Landlord's managing agent, the Parking Manager, and, at Landlord's request, any Mortgagee or ground lessor, as additional insured parties; and (iii) shall provide that the policy shall not be cancelled, failed to be renewed or materially amended without at least thirty (30) days' prior written notice to Landlord and, at Landlord's request, any Mortgagee. On or before the Commencement Date and, thereafter, not less than thirty (30) days before the expiration date of the insurance policy, an original of the policy (including any renewal or replacement policy) or a certified copy thereof, together with evidence satisfactory to Landlord of the payment of all premiums for such policy, shall be delivered to Landlord and, at Landlord's request, to any Mortgagee.

Appears in 1 contract

Samples: Qorus Com Inc

Requirements of Insurance Coverage. All such insurance required to be carried by Tenant herein shall be with an insurance company licensed to do business in the Commonwealth State of Virginia North Carolina and rated not lower than A-XII A-12 in the A.M. Best Rating Guide. Such insurance (i) shall contain an a provision or endorsement that such policy shall remain in full force and effect notwithstanding that the insured has released its right of action against any party before the occurrence of a loss; (ii) shall name Landlord, Landlord's managing agent, the Parking Manager, Landlord and, at Landlord's request, any Mortgagee or ground lessor, as additional insured partiesparties on the general liability policy; and (iii) shall provide that the policy shall not be cancelled, failed to be renewed or materially amended without at least thirty (30) days' prior written notice to Landlord and, at Landlord's request, any Mortgagee. On or before Within fifteen (15) days after the Commencement Date and, thereafter, not less than thirty (30) days before the expiration date of the insurance policy, an original a certificate of the insurance for each policy (including any renewal or replacement policy) or a certified copy thereof, together with evidence satisfactory to Landlord of the payment of all premiums for such policy, be carried by Tenant hereunder shall be delivered to Landlord and, at Landlord's request, to any Mortgagee.

Appears in 1 contract

Samples: Master Lease Agreement (Blue Rhino Corp)

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Requirements of Insurance Coverage. All such insurance required to be carried by Tenant herein shall be with an insurance company licensed to do business in the Commonwealth of Virginia and rated not lower than A-XII approved by Landlord in the A.M. Best Rating Guideits reasonable discretion. Such insurance (i) shall contain an endorsement that such policy shall remain in full force and effect notwithstanding that the insured has released its right of action against any party before the occurrence of a loss; (ii) shall name Landlord, Landlord's managing property management agent, the Parking Manager, and, Tenant and at Landlord's request, any Mortgagee or ground lessorMortgagee(s), as additional the insured parties; and (iii) shall provide that the policy shall not be cancelledcanceled, failed to be renewed or materially amended without at least thirty (30) days' prior written notice to Landlord and, at Landlord's request, any MortgageeMortgagee(s). On or before the Commencement Date and, thereafter, not less than thirty (30) days before the expiration date of the each insurance policy, an original of the policy (including any renewal or replacement policy) or a certified copy thereof, together with evidence satisfactory to Landlord of the payment of all premiums for such policy, shall be delivered to Landlord and, at Landlord's request, to any MortgageeMortgagee(s).

Appears in 1 contract

Samples: Access National Corp

Requirements of Insurance Coverage. All such insurance required to be carried by Tenant herein shall be with an insurance company licensed to do business in the Commonwealth of Virginia and rated not lower than A-XII in the A.M. Best Rating Guide. Such insurance (i) shall contain an endorsement that such policy shall remain in full force and effect notwithstanding that the insured has released its right of action against any party before the occurrence of a loss; (ii) shall name Landlord, Landlord's managing agent, the Parking Manager, Landlord and, at Landlord's request, any Mortgagee or ground lessor, as additional insured parties; and (iii) shall provide that the policy shall not be cancelledcanceled, failed to be renewed or materially amended without at least thirty (30) days' prior written notice to Landlord landlord and, at Landlord's request, any Mortgagee. On or before the Commencement Date and, thereafter, not less than thirty (30) days before the expiration date of the insurance policy, an original of the a certificate evidencing such policy (including any renewal or replacement policy) or a certified copy thereofwhich shall expressly allow Landlord to rely thereupon, together with evidence satisfactory to Landlord of the payment of all premiums for such policy, shall be delivered to Landlord and, at Landlord's request, to any Mortgagee.

Appears in 1 contract

Samples: Deed of Lease (National Information Group)

Requirements of Insurance Coverage. All such insurance required to be carried by Tenant herein shall be with an insurance company licensed to do business in the Commonwealth of Virginia and rated not lower than A-XII in the A.M. Best Rating Guide. Such insurance (i) shall contain an endorsement that such policy shall remain in full force and effect notwithstanding that the insured has released its right of action against any party before the occurrence of a loss; (ii) shall name Landlord, Landlord's managing agent, the Parking Manager, Landlord and, at Landlord's request, any Mortgagee or ground lessor, as additional insured partiesinsured(s); and (iii) shall provide that the policy shall not be cancelledcanceled, failed to be renewed or materially amended without at least thirty (30) days' prior written notice to Landlord and, at Landlord's request, any Mortgagee, and (iv) shall be issued as primary policies and not contributing with and not in excess of coverage which the Landlord may carry. On or before the Commencement Date and, thereafter, not less than thirty (30) days before the expiration date of the insurance policy, an original a certified copy of the policy (including any renewal or replacement policy) or a certified copy thereof), together with evidence satisfactory to Landlord of the payment of all premiums for such policy, shall be delivered to Landlord and, at Landlord's request, to any Mortgagee. Tenant's insurance policies shall not include deductibles in excess of Five Thousand and 00/100 Dollars ($5,000.00).

Appears in 1 contract

Samples: Proxicom Inc

Requirements of Insurance Coverage. All such insurance required to be carried by Tenant herein shall be with an insurance company licensed to do business in the Commonwealth of Virginia and rated not lower than A-XII in the A.M. Best Rating Guideapproved by Landlord. Such insurance (i) shall contain an endorsement that such policy shall remain in full force and effect notwithstanding that the insured has released its right of action against any party before the occurrence of a loss; (ii) shall name Landlord, Landlord's managing agent, the Parking Manager, Tenant and, at Landlord's request, any Mortgagee or ground lessor, as additional the insured parties; and (iii) shall provide that the policy shall not be cancelled, failed to be renewed or materially amended without at least thirty forty-five (3045) days' prior written notice [fifteen (15) days if due to non-payment of premium] to Landlord and, at Landlord's request, any Mortgagee. On or before the Commencement Date and, thereafter, not less than thirty (30) days before the expiration date of the insurance policy, an original of the policy (including any renewal or replacement policy) or a certified copy thereof, together with evidence satisfactory to Landlord of the payment of all premiums for such policy, shall be delivered to Landlord and, at Landlord's request, to any Mortgagee.

Appears in 1 contract

Samples: Didax Inc

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