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 reasonably approved 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, and at Landlord's request, any mortgagee or ground lessor, as additional insureds and loss payees as our interest may appear; (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 (fifteen (15) days if due to non-payment of premium) to Landlord and, at Landlord's request, any Mortgagee; and (iv) shall provide protection against any peril included within the classification "All Risk" or "Special Causes of Loss", including, but not limited to vandalism, malicious mischief, theft, sprinkler leakage, earthquake and flood damage. If this Lease is terminated as the result of a casualty in accordance with Section XIX, the proceeds of said insurance attributable to the replacement of all tenant improvements at the Premises (other than those which Tenant is permitted to remove at the end of the Term) shall be paid to Landlord. 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: Cysive Inc

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Requirements of Insurance Coverage. All such the insurance required to policies specified above shall meet the following requirements: (i) be carried issued by Tenant herein shall be with an insurance a company that is licensed to do business in the Commonwealth jurisdiction in which the Premises is located, that has been approved in advance by Landlord and that has a rating equal to or exceeding A-:XII from Best’s Insurance Guide; (ii) except for the workers compensation coverage required above, list Landlord, all Affiliates of Virginia Landlord, and reasonably approved by all Lenders as additional insureds and/or loss payees (as applicable), and specify that all property loss adjustment and casualty losses reserved in excess of $10,000 shall require the written consent of Landlord. Such insurance , Tenant, and Lender, if applicable; (iiii) shall contain an endorsement that such policy shall remain in full force and effect notwithstanding that the insured has released may have waived its right of action against any party before prior to the occurrence of a lossloss (Tenant hereby waiving its right of action and recovery against and releasing Landlord and its employees and agents from any and all liabilities, claims and losses for which they may otherwise be liable to the extent Tenant is covered by insurance carried or required to be carried under this Lease); (iiiv) shall name Landlord, and at Landlord's request, any mortgagee or ground lessor, as additional insureds and loss payees as our interest may appear; (iii) shall provide that the policy shall not insurer thereunder waives all right of recovery by way of subrogation against Landlord, its partners, agents, employees, and representatives, in connection with any loss or damage covered by such policy; (v) be canceledreasonably acceptable in form and content to Landlord; (vi) be primary over any other valid and collectible insurance and non-contributory; (vii) contain an endorsement for cross liability and severability of interests; (viii) contain an endorsement prohibiting cancellation, failed failure to be renewed renew, reduction of amount of insurance or materially amended change in coverage without at least the insurer first giving Landlord and each Lender thirty (30) days' prior written notice (fifteen (15by certified or registered mail, return receipt requested) days if due to non-payment of premium) to Landlord and, at Landlord's request, any Mortgageesuch proposed action; and (ivix) shall provide protection against any peril included within the classification "All Risk" or "Special Causes of Loss", including, but not limited to vandalism, malicious mischief, theft, sprinkler leakage, earthquake and flood damage. If this Lease is terminated as the result of contain a casualty in accordance with Section XIX, the proceeds of said insurance attributable to the replacement of all tenant improvements at the Premises (other than those which Tenant is permitted to remove at the end of the Term) shall be paid to Landlord. On or before the Commencement Date and, thereafter, not deductible amount less than thirty (30) days before the expiration date of the insurance policyor equal to $5,000, 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 except as otherwise approved in writing by Landlord's request, to any Mortgagee.

Appears in 1 contract

Samples: Lease Agreement (Gladstone Commercial 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 reasonably approved by Landlord. Such insurance 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, and at Landlord's request, any mortgagee or ground lessor, as additional insureds and loss payees as our interest may appear; (iii) shall provide that the policy shall not be canceled, failed to be renewed or materially amended without at least thirty forty-five (3045) days' prior written notice (notice, or fifteen (15) days if due to non-payment of premium) premium to Landlord and, at Landlord's request, request any Mortgagee; and (iv) shall provide protection against any peril included within the classification "All Risk" or "Special Causes of Loss", including, but not limited to vandalism, malicious mischief, theft, sprinkler leakage, earthquake and flood damage. If this Lease is terminated as the result of a casualty in accordance with Section XIX, the proceeds of said insurance attributable to the replacement of all tenant improvements at the Premises (other than those which Tenant is permitted to remove at the end of the Term) shall be paid to Landlord. 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) 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: Attornment and Nondisturbance Agreement (Predictive Systems 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 reasonably approved 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, and at Landlord's request, any mortgagee or ground lessorLandlord, as additional insureds and loss payees as our interest may appear; (iii) shall provide that the policy shall not be canceled, 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; and (iv) shall provide protection against any peril included within the classification "All Risk" or "Special Causes of Loss", including, but not limited to vandalism, malicious mischief, theft, sprinkler leakage, earthquake earthquake, flood and flood water damage. If this Lease is terminated as the result of a casualty in accordance with Section XIX, the proceeds of said insurance attributable to the replacement of all tenant improvements at the Premises (other than those which Tenant is permitted to remove at the end of the Term) shall be paid to Landlord. 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: Careerbuilder 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 reasonably approved 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, and at Landlord's request, any mortgagee or ground lessor, as additional insureds and loss payees as our interest may appear; (iii) shall provide that the policy shall not be canceled, 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; and (iv) shall provide protection against any peril included within the classification "All Risk" or "Special Causes of Loss", including, but not limited to vandalism, malicious mischief, theft, sprinkler leakage, earthquake and flood damage. If this Lease is terminated as the result of a casualty in accordance with Section XIX, the proceeds of said insurance attributable to the replacement of all tenant improvements at the Premises (other than those which Tenant is permitted to remove at the end of the Term) shall be paid to Landlord. 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 (Musicmaker 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 reasonably approved by Landlordrated 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, and at Landlord's request, any mortgagee or ground lessor, Landlord as an additional insureds insured party and loss payees as our interest may appearpayee; 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 (fifteen (15) days if due to non-payment of premium) to Landlord and, at Landlord's reasonable request, any Mortgagee; and (iv) shall provide protection against any peril included within the classification "All Risk" or "Special Causes of Loss", including, but not limited to vandalism, malicious mischief, theft, sprinkler leakage, earthquake and flood damage. If this Lease is terminated as the result of a casualty in accordance with Section XIX, the proceeds of said insurance attributable to the replacement of all tenant improvements at the Premises (other than those which Tenant is permitted to remove at the end of the Term) shall be paid to Landlord. 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. Any insurance required by the terms of this Lease to be carried by Tenant may be under a blanket policy (or policies) covering other leases of Tenant and/or its related or affiliated corporations. If such insurance is maintained under a blanket policy, Tenant shall procure and deliver to Landlord and, at Landlord's request, a statement from the insurer or general agent of the insurer setting forth the coverage maintained and the amounts thereof allocated to any Mortgageethe risks intended to be insured hereunder.

Appears in 1 contract

Samples: Disturbance and Attornment Agreement (Exigent International 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 reasonably approved 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, and at Landlord's ’s request, any mortgagee or ground lessor, as additional insureds and loss payees as our interest may appear; (iii) shall provide that the policy shall not be canceled, 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 ’s request, any Mortgagee; and (iv) shall provide protection against any peril included within the classification "All Risk" or "Special Causes of Loss", including, but not limited to vandalism, malicious mischief, theft, sprinkler leakage, earthquake and flood damage. If this Lease is terminated as the result of a casualty in accordance with Section XIX, the proceeds of said insurance attributable to the replacement of all tenant improvements at the Premises (other than those which Tenant is permitted to remove at the end of the Term) shall be paid to Landlord. 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 ’s request, to any Mortgagee.

Appears in 1 contract

Samples: Deed of Lease (Inphonic 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 reasonably approved by Landlordcomplies with the requirements herein. 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, and Tenant and, at Landlord's request, any mortgagee Mortgagee or ground lessor, as an additional insureds named insured parties; and loss payees as our interest may appear; (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 (fifteen (15) days if due to non-payment of premium) to Landlord and, at Landlord's request, any Mortgagee; and (iv) shall provide protection against any peril included within the classification "All Risk" or "Special Causes of Loss", including, but not limited to vandalism, malicious mischief, theft, sprinkler leakage, earthquake and flood damage. If this Lease is terminated as the result of a casualty in accordance with Section XIX, the proceeds of said insurance attributable to the replacement of all tenant improvements at the Premises (other than those which Tenant is permitted to remove at the end of the Term) shall be paid to Landlord. On Upon request 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 reasonably 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 shall at all times during the Lease Term keep in force a policy or policies of public liability insurance or an endorsement on a blanket liability insurance policy or policies, which policy, policies or endorsement shall provide that Landlord is named as additional insured, against any and all damages and liability on account of, or arising out of injuries to persons or property or the death of any person or for property damage resulting from acts or omissions of Tenant, its agents, contractors or employees, or occurring in the Premises, in the amount of Five Million Dollars ($5,000,000) combined single limit in any one accident. All insurance policies herein to be procured by Tenant shall be issued by insurance companies having a Best's Rating of A-X and authorized to do business in the State. Neither issuance of any insurance policy required hereunder, nor the minimum limits specified herein with respect to Tenant's insurance coverage, shall be deemed to limit or restrict in any way Tenant's liability arising under or out of this Lease. Upon request, Tenant shall deliver to Landlord a duplicate original or certified copy of each such policy or a certificate of the insurer, certifying that such policy has been issued, providing the coverage required by this Section and containing provisions specified herein, together with evidence of payment of all applicable premiums. Any insurance required to be carried hereunder may be carried under a blanket policy covering the Premises and other locations of Tenant. The term "insurance policy" as used herein shall be deemed to include any extensions or renewals of such insurance policy. Tenant shall commence to adjust any loss within 30 days of any casualty and shall diligently pursue such adjustment.

Appears in 1 contract

Samples: Trex Co 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 reasonably approved by Landlord. 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, and at Landlord's request, any mortgagee or ground lessor, as additional insureds and loss payees as our interest may appear; (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 (fifteen (1510) days if due to non-payment of premium) ] to Landlord and, at Landlord's request, any Mortgagee; . In addition, Tenant's commercial general liability policy shall name Landlord and (iv) Landlord's Mortgagee, or any successor or assign thereof that Landlord shall provide protection against any peril included within the classification "All Risk" or "Special Causes of Loss"designate in writing, including, but not limited to vandalism, malicious mischief, theft, sprinkler leakage, earthquake and flood damage. If this Lease is terminated as the result of a casualty in accordance with Section XIX, the proceeds of said insurance attributable to the replacement of all tenant improvements at the Premises (other than those which Tenant is permitted to remove at the end of the Term) shall be paid to Landlordadditional insured parties. On or before the Commencement Date and, thereafter, thereafter not less than thirty (30) days before the expiration date of the 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.

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 State of Virginia Maryland and reasonably approved by Landlord. 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, and at Landlord's request, any mortgagee or ground lessor, as additional insureds and loss payees as our interest may appear; (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 (fifteen (1510) days if due to non-payment of premium) ] to Landlord and, at Landlord's request, any Mortgagee. In addition, (a) 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; and (ivb) Tenant's property insurance shall provide protection against name Landlord and Landlord's Mortgagee, or any peril included within the classification "All Risk" successor or "Special Causes of Loss"assign thereof that Landlord shall designate in writing, includingas loss payees, but not limited except with respect to vandalismproceeds payable for loss or damage to Tenant's movable equipment, malicious mischieffurniture, theft, sprinkler leakage, earthquake furnishings and flood damage. If this Lease is terminated as the result of a casualty in accordance with Section XIX, the proceeds of said insurance attributable to the replacement of all tenant improvements at the Premises (other than those which Tenant is permitted to remove at the end of the Term) shall be paid to Landlordpersonal property. On or before the Commencement Date and, thereafter, thereafter not less than thirty (30) days before the expiration date of the 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.

Appears in 1 contract

Samples: Lease Agreement (Gene Logic Inc)

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