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 approved by Landlord in its 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 property management agent, Tenant and at Landlord's request, any Mortgagee(s), as the insured parties; and (iii) shall provide that the policy shall not be canceled, 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(s). On or before the Commencement Date and, thereafter, not less than thirty (30) days before the expiration date of 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 Mortgagee(s).

Appears in 1 contract

Samples: Deed of Lease (Access National 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 approved by Landlord rated not lower than A-XII in its reasonable discretionthe 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 LandlordLandlord and, Landlord's property management agent, Tenant and at Landlord's request, any Mortgagee(s)Mortgagee or ground lessor, as the additional insured parties; and (iii) shall provide that the policy shall not be canceled, 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(s)Mortgagee. On or before the Commencement Date and, thereafter, not less than thirty (30) days before the expiration date of each 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(s)Mortgagee.

Appears in 1 contract

Samples: Lease Agreement (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 approved by Landlord rated not lower than A-XII in its reasonable discretionthe 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 property management managing agent, Tenant and and, at Landlord's request, any Mortgagee(s)Mortgagee or ground lessor, as the additional insured parties; and (iii) shall provide that the policy shall not be canceledcancelled, 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(s)Mortgagee. On or before the Commencement Date and, thereafter, not less than thirty (30) days before the expiration date of each 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(s)Mortgagee.

Appears in 1 contract

Samples: Deed of Lease (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 of Virginia and approved by Landlord rated not lower than A-XII in its reasonable discretionthe 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 property management managing agent, Tenant and the Parking Manager, and, at Landlord's request, any Mortgagee(s)Mortgagee or ground lessor, as the additional insured parties; and (iii) shall provide that the policy shall not be canceledcancelled, 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(s)Mortgagee. On or before the Commencement Date and, thereafter, not less than thirty (30) days before the expiration date of each 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(s)Mortgagee.

Appears in 1 contract

Samples: Lease Agreement (Imtek Office Solutions 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 Maryland and approved by Landlord in its reasonable discretionLandlord. Such insurance shall (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; and (ii) shall name Landlord, Landlord's property management agent, Tenant and at Landlord's request, any Mortgagee(s), as the insured parties; and (iii) shall provide that the policy shall not be canceled, materially amended or failed to be renewed or materially amended without at least thirty (30) days' prior written notice notice, [ten (10) days if due to non-payment of premium] to Landlord and, at Landlord's request, any Mortgagee(s)Mortgagee. In addition, Tenant's commercial general liability policy shall name Landlord and Landlord's Mortgagee, or any successor or assign thereof that Landlord shall designate in writing, as additional insured parties. On or before the Commencement Date and, thereafter, thereafter not less than thirty (30) days before the expiration date of each any insurance policypolicy required to be maintained under this Article XVII, an original of the such policy (including any renewal or replacement policy) or a certified copy or certificate of insurance 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(s)Mortgagee.

Appears in 1 contract

Samples: Lease Agreement (Gene Logic 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 approved by Landlord in its reasonable discretionLandlord. 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 property management agentTenant and, Tenant and at Landlord's request, any Mortgagee(s)Mortgagee or ground lessor, as the insured parties; and (iii) shall provide that the policy shall not be canceledcancelled, 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(s)Mortgagee. On or before the Commencement Date and, thereafter, not less than thirty (30) days before the expiration date of each 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(s)Mortgagee.

Appears in 1 contract

Samples: Deed of Lease (Didax 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 approved by Landlord rated not lower than A-12 in its reasonable discretionthe 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 LandlordLandlord and, Landlord's property management agent, Tenant and at Landlord's request, any Mortgagee(s)Mortgagee or ground lessor, as additional insured parties on the insured partiesgeneral liability policy; and (iii) shall provide that the policy shall not be canceledcancelled, 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(s)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 each 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(s)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 approved by Landlord rated not lower than A-XII in its reasonable discretionthe 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 LandlordLandlord and, Landlord's property management agent, Tenant and at Landlord's ’s request, any Mortgagee(sMortgagee (if any), as the additional insured parties; and (iii) shall provide that the policy shall not be canceled, 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 Mortgagee(sMortgagee (if any). On or before the Commencement Date and, thereafter, not less than thirty (30) days before the expiration date of each 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 Mortgagee(sMortgagee (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: Deed of Lease (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 approved by Landlord rated not lower than A-XII in its reasonable discretionthe 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 LandlordLandlord and, Landlord's property management agent, Tenant and at Landlord's request, any Mortgagee(s)Mortgagee or ground lessor, as the insured partiesadditional insured(s); and (iii) shall provide that the policy shall not be canceledcancelled, 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(s)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 each 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(sMortgagee. 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: Deed of Lease (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 approved by Landlord rated not lower than A-XII in its reasonable discretionthe 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 LandlordLandlord and, Landlord's property management agent, Tenant and at Landlord's request, any Mortgagee(s)Mortgagee or ground lessor, as the insured partiesadditional insured(s); and (iii) shall provide that the policy shall not be canceled, 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(s)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 each 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(sMortgagee. 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: Deed of Lease (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 approved by Landlord rated not lower than A-XII in its reasonable discretionthe 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 LandlordLandlord and, Landlord's property management agent, Tenant and at Landlord's request, any Mortgagee(s)Mortgagee or ground lessor, as the additional insured parties; and (iii) shall provide that the policy shall not be canceledcancelled, 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(s)Mortgagee. On or before the Commencement Date and, thereafter, not less than thirty (30) days before the expiration date of each 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(s)Mortgagee.

Appears in 1 contract

Samples: Deed of Lease (Exodus Communications Inc)

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