Common use of Separate Insurance Clause in Contracts

Separate Insurance. Lessee shall not on Lessee’s own initiative or pursuant to the request or requirement of any third party, take out separate insurance or increase the amount of any then existing insurance by securing an additional policy or additional policies, unless all parties having an insurable interest in the subject matter of the insurance, including in all cases Lessor, are included therein as insureds, and the loss is payable under separate additional insurance in the same manner as losses are payable under this Lease. Lessee shall immediately notify Lessor in writing that Lessee has obtained any such separate insurance or of the increasing of any of the amounts of the then existing insurance.

Appears in 6 contracts

Samples: Lease Agreement (American Realty Capital Hospitality Trust, Inc.), Lease Agreement (American Realty Capital Hospitality Trust, Inc.), Lease Agreement (American Realty Capital Hospitality Trust, Inc.)

AutoNDA by SimpleDocs

Separate Insurance. Lessee shall not on Lessee’s own initiative or pursuant to the request or requirement of any third party, take out separate insurance concurrent in form or contributing in the event of loss with that required in this Article to be furnished, or increase the amount of any then existing insurance by securing an additional policy or additional policies, unless all parties having an insurable interest in the subject matter of the insurance, including in all cases Lessor, are included therein as additional insureds, and the loss is payable under such additional separate additional insurance in the same manner as losses are payable under this Lease. Lessee shall immediately notify Lessor in writing that Lessee has obtained any such separate insurance or of the increasing of any of the amounts of the then existing insurance.

Appears in 5 contracts

Samples: Master Lease Agreement, Master Lease Agreement (Supertel Hospitality Inc), Master Lease Agreement (Supertel Hospitality Inc)

Separate Insurance. Lessee shall not on Lessee’s 's own initiative or pursuant to the request or requirement of any third party, take out separate insurance concurrent in form or contributing in the event of loss with that required in this Article to be furnished, or increase the amount of any then existing insurance by securing an additional policy or additional policies, unless all parties having have an insurable interest in the subject matter of the insurance, including in all cases Lessor, are included therein as insuredsadditional insured, and the loss is payable under such additional separate additional insurance in the same manner as losses are payable under this Lease. Lessee shall immediately notify Lessor in writing that Lessee has obtained any such separate insurance or of the increasing of any of the amounts of the then existing insurance.

Appears in 5 contracts

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

Separate Insurance. Lessee shall not on Lessee’s 's own initiative or pursuant to the request or requirement of any third party, take out separate insurance concurrent in form or contributing in the event of loss with that required in this Article to be furnished, or increase the amount of any then existing insurance by securing an additional policy or additional policies, unless all parties having an insurable interest in the subject matter of the insurance, including in all cases Lessor, are included therein as additional insureds, and the loss is payable under such additional separate additional insurance in the same manner as losses are payable under this Lease. Lessee shall immediately notify Lessor in writing that Lessee has obtained any such separate insurance or of the increasing of any of the amounts of the then existing insurance.

Appears in 4 contracts

Samples: Master Lease Agreement (Humphrey Hospitality Trust Inc), Master Lease Agreement (Humphrey Hospitality Trust Inc), Lease Agreement (Humphrey Hospitality Trust Inc)

Separate Insurance. Lessee shall not on Lessee’s 's own initiative or ------------------ pursuant to the request or requirement of any third party, take out separate insurance concurrent in form or contributing in the event of loss with that required in this Article to be furnished, or increase the amount of any then existing insurance by securing an additional policy or additional policies, unless all parties having an insurable interest in the subject matter of the insurance, including in all cases Lessor, are included therein as additional insureds, and the loss is payable under such additional separate additional insurance in the same manner as losses are payable under this Lease. Lessee shall immediately notify Lessor in writing that Lessee has obtained any such separate insurance or of the increasing of any of the amounts of the then existing insurance.

Appears in 2 contracts

Samples: Master Lease Agreement (Humphrey Hospitality Trust Inc), Lease Agreement (Humphrey Hospitality Trust Inc)

Separate Insurance. Lessee shall not on Lessee’s 's own initiative or pursuant to the request or requirement of any third party, take out separate insurance or increase the amount of any then existing insurance by securing an additional policy or additional policies, unless all parties having an insurable interest in the subject matter of the insurance, including in all cases Lessor, are included therein as insureds, and the loss is payable under separate additional insurance in the same manner as losses are payable under this Lease. Lessee shall immediately notify Lessor in writing that Lessee has obtained any such separate insurance or of the increasing of any of the amounts of the then existing insurance.

Appears in 1 contract

Samples: Lease Agreement (Highland Hospitality Corp)

Separate Insurance. Lessee shall not on Lessee’s own initiative or pursuant to the request or requirement of any third party, take out separate insurance concurrent in form or contributing in the event of loss with that required in this Section 13 to be furnished, or increase the amount of any then existing insurance by securing an additional policy or additional policies, unless all parties having have an insurable interest in the subject matter of the insurance, including in all cases LessorManager, are included therein as insuredsadditional insured, and the loss is payable under such additional separate additional insurance in the same manner as losses are payable under this Leasethe Agreement. Lessee shall immediately notify Lessor in writing Manager that Lessee has obtained any such separate insurance or of the increasing of any of the amounts of the then existing insurance.

Appears in 1 contract

Samples: Hotel Management Agreement (Innkeepers Usa Trust/Fl)

AutoNDA by SimpleDocs

Separate Insurance. Lessee shall not on Lessee’s 's own initiative or pursuant to the request or requirement of any third party, take out separate insurance or increase the amount of any then existing insurance by securing an additional policy or additional policies, unless all parties having an insurable interest in the subject matter of the insurance, including in all cases Lessor, are included therein as insureds, and the loss is payable under separate additional insurance in the same manner as losses are payable under this Master Lease. Lessee shall immediately notify Lessor in writing that Lessee has obtained any such separate insurance or of the increasing of any of the amounts of the then existing insurance.

Appears in 1 contract

Samples: Master Lease Agreement (Winston Hotels Inc)

Separate Insurance. Lessee shall not on Lessee’s own initiative or pursuant to the request or requirement of any third party, take out separate insurance concurrent in form or contributing in the event of loss with that required in this Article 13 to be furnished, or increase the amount of any then existing insurance by securing an additional policy or additional policies, unless all parties having an insurable interest in the subject matter of the insurance, including in all cases Lessor, are included therein as additional insureds, and the loss is payable under such additional separate additional insurance in the same manner as losses are payable under this Lease. Lessee shall immediately notify provide Notice to Lessor in writing that Lessee has obtained any such separate insurance or of the increasing of any of the amounts of the then existing insurance.

Appears in 1 contract

Samples: Lease Agreement (Sunstone Hotel Investors, Inc.)

Separate Insurance. Lessee shall not on Lessee’s 's own initiative or pursuant to the request or requirement of any third party, take out separate insurance concurrent in form or contributing in the event of loss with that required in this Section to be furnished, or increase the amount of any then existing insurance by securing an additional policy or additional policies, unless all parties having an insurable interest in the subject matter of the insurance, including in all cases LessorManager, are included therein as insuredsadditional insured, and the loss is payable under such additional separate additional insurance in the same manner as losses are payable under this LeaseAgreement. Lessee shall immediately notify Lessor in writing Manager that Lessee has obtained any such separate insurance or of the increasing of any of the amounts of the then existing insurance.

Appears in 1 contract

Samples: Management Agreement (Equity Inns Inc)

Separate Insurance. Lessee shall not on Lessee’s 's own initiative or pursuant to the request or requirement of any third party, take out separate insurance concurrent in form or contributing in the event of loss with that required in this Section to be furnished, or increase the amount of any then existing insurance by securing an additional policy or additional policies, unless all parties having have an insurable interest in the subject matter of the insurance, including in all cases LessorManager, are included therein as insuredsadditional insured, and the loss is payable under such additional separate additional insurance in the same manner as losses are payable under this LeaseAgreement. Lessee shall immediately notify Lessor in writing Manager that Lessee has obtained any such separate insurance or of the increasing of any of the amounts of the then existing insurance.

Appears in 1 contract

Samples: Management Agreement (Equity Inns Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!