Common use of Responsibility for Insurance Clause in Contracts

Responsibility for Insurance. Tenant shall obtain or cause to be obtained the insurance and pay the premiums for the coverages described in Sections 9.1(d) through (j) and for that portion of the premium for the coverage described in Section 9.1(b) that is attributable to business interruption insurance, and Landlord shall obtain the insurance and pay the premiums for the coverages described in Sections 9(a) through (c) and (k) (excluding that portion of the premium for the coverage described in Section 9.1(b) that is attributable to business interruption insurance that is for the benefit of Tenant). The party responsible for the premium for any insurance coverage shall also be responsible for any and all deductibles and self-insured retentions in connection with such coverages. In the event that either party can obtain comparable insurance coverage required to be carried by the other party from comparable insurers and at a cost significantly less than that at which such other party can obtain such coverage, the parties shall cooperate in good faith to obtain such coverage at the lower cost and shall allocate the premiums therefor in accordance with the provisions of the first sentence of this Section 9.2. Notwithstanding anything in this Article 9 to the contrary, so long as the Management Agreement is in full force and effect and Manager is maintaining the insurance required thereunder, Landlord's and Tenant's obligations to maintain the insurance required under this Article 9 shall be deemed to have been met (provided, that the costs therefor shall be allocated between Landlord and Tenant in the manner contemplated by the first sentence of this Section 9.2).

Responsibility for Insurance. Tenant shall obtain or cause to be obtained the insurance and pay the premiums for the coverages described in Sections 9.1(d) through (j) and for that portion of the premium for the coverage described in Section 9.1(b) that is attributable to business interruption insurance, and Landlord Lessee shall obtain the insurance and pay the premiums for the coverages described in Sections 9(a13.1(a)(iv) through (cxi). Lessor shall obtain the insurance and pay the premiums for the coverage described in Sections 13.1(a)(i) and (kii), provided that Lessee shall reimburse Lessor immediately after demand therefor for any premiums paid by Lessor for the coverages required under Sections 13.1(a)(i) and (excluding ii) to the extent that portion of the premium premiums relate to coverages for property owned by Lessee or coverages which benefit Lessee or Manager. Lessor shall obtain the insurance, but Lessee shall pay (or reimburse Lessor) for the premium, for the coverage described in Section 9.1(b13.1(a)(iii). Insurance required by Section 13.1(a)(xii) shall be obtained and paid for by Lessor to the extent that is attributable it relates to business interruption risks of the type covered by the insurance that is obtained pursuant to Section 13.1(a)(i) and (ii), and obtained and paid for by Lessee if it relates to risks of the benefit of Tenanttype covered by the insurance obtained pursuant to Sections 13.1(a)(v) through (xi). The party responsible for the premium for any insurance coverage shall also be responsible for any and all deductibles and self-insured retentions in connection with such coverages. In the event that either party can obtain comparable insurance coverage required to be carried by the other party from comparable insurers and at a cost significantly less than that at which such other party can obtain such coverage, the parties shall cooperate in good faith to obtain such coverage at the lower cost and shall allocate the premiums therefor in accordance with the provisions of the first sentence of this Section 9.2. Notwithstanding anything in this Article 9 to the contrary, so long as the Management Agreement is in full force and effect and Manager is maintaining the insurance required thereunder, Landlord's and Tenant's obligations to maintain the insurance required under this Article 9 shall be deemed to have been met (provided, that the costs therefor shall be allocated between Landlord and Tenant in the manner contemplated by the first sentence of this Section 9.213.1(b).

Responsibility for Insurance. Tenant Lessee shall obtain or cause to be obtained the insurance and pay the premiums for the coverages described in Sections 9.1(dSection 13.1(c), and Section 13.1(e) through (ji) and for that portion of the premium for the coverage described in Section 9.1(b13.1(d) that is attributable to business interruption insurance, and Landlord Lessor shall obtain the insurance and pay the premiums for the coverages described in Sections 9(a) through 13.1(a), (c) b), (d), and (kj) (excluding that portion of the premium for the coverage described in Section 9.1(b13.1(d) that is attributable to business interruption insurance that is for the benefit of TenantLessee). The party responsible for the premium for any insurance coverage shall also be responsible for any and all deductibles and self-insured retentions in connection with such coverages. In the event that either party can obtain comparable insurance coverage required to be carried by the other party from comparable insurers and at a cost significantly less than that at which such other party can obtain such coverage, the parties shall cooperate in good faith to obtain such coverage at the lower cost and shall allocate the premiums therefor in accordance with the provisions of the first sentence of this Section 9.213.2. Notwithstanding anything in this Article 9 to the contraryforegoing, so long as the Management Agreement is in full force and effect and Manager is maintaining the insurance required thereunderthereunder as well as any additional insurance required by Lessor's mortgage lender, Landlord's Lessor and TenantLessee's obligations to maintain the insurance required under this Article 9 XIII shall be deemed to have been met (provided, that the costs therefor shall be allocated between Landlord Lessor and Tenant Lessee in the manner contemplated by the first sentence of this Section 9.213.2).

Responsibility for Insurance. Tenant shall obtain or cause to be obtained the insurance and pay the premiums for the coverages described in Sections 9.1(d) through (j) and for that portion of the premium for the coverage described in Section 9.1(b) that is attributable to business interruption insurance, and Landlord shall obtain the insurance and pay the premiums for the coverages described in Sections 9(a9.1(a) through (c) and (k) (excluding that portion of the premium for the coverage described in Section 9.1(b) that is attributable to business interruption insurance that is for the benefit of Tenant). The party responsible for the premium for any insurance coverage shall also be responsible for any and all deductibles and self-insured retentions in connection with such coverages. In the event that either party can obtain comparable insurance coverage required to be carried by the other party from comparable insurers and at a cost significantly less than that at which such other party can obtain such coverage, the parties shall cooperate in good faith to obtain such coverage at the lower cost and shall allocate the premiums therefor in accordance with the provisions of the first sentence of this Section 9.2. Notwithstanding anything in this Article 9 to the contrary, so long as the Management Agreement is in full force and effect and Manager is maintaining the insurance required thereunder, Landlord's and Tenant's obligations to maintain the insurance required under this Article 9 shall be deemed to have been met (provided, that the costs therefor shall be allocated between Landlord and Tenant in the manner contemplated by the first sentence of this Section 9.2).