Special Form Property Insurance. 19.1 Lessor shall procure and continue in force during the term hereof Special Form Property insurance upon the facilities constructed, erected or installed on the Leased Premises by Lessor on a full value, repair or replacement basis. In accordance with
Special Form Property Insurance. Landlord shall procure and maintain in full force and effect throughout the term of this Lease, Special Form (previously known as “All-Risk”) property insurance (excluding earthquake and flood), including loss of rents for a minimum period of one (1) year on a replacement cost basis, in an amount adequate to cover the full insurable replacement value of all of the buildings (including the Premises) and other insurable improvements in the Premises; provided, however, in no event shall such insurance cover Tenant's Property or trade fixtures in or about the Premises, or any improvements that are not Standard Improvements. At Landlord’s option, earthquake, earth movement (sinkholes), and flood coverage may be included, which coverage may be provided with blanket policies that include sublimits and annual aggregate limits. The property insurance required to be maintained by Landlord pursuant to this Paragraph shall not have deductibles exceeding Two Hundred and Fifty Thousand Dollars ($250,000), except earthquake, earth movement and flood coverage, which deductibles shall be commercially reasonable and customary. Notwithstanding the foregoing, Tenant shall have the right, on not less than sixty (60) 1005628.07/SF 375170-00002/11-24-16/mrm/mrm -38- days prior notice to Landlord, to cause Landlord to procure and maintain earthquake insurance covering the Premises, in an amount reasonably requested by Tenant (and Tenant acknowledges that the cost thereof shall be payable by Tenant as an Operating Expense).
Special Form Property Insurance. Any insurance policies deemed reasonably necessary by Landlord with regard to Tenant’s or Tenants’ contractors’ construction of Alterations allowed by this Lease, including, but not limited to, contingent liability and “all risk” builders risk insurance, in amounts acceptable to Landlord.
Special Form Property Insurance. Lessee shall, without cost to City at all times during the Lease Agreement, keep all buildings in or appurtenant to the Leasehold Area, including all alterations, additions and improvements to said buildings, insured against loss or damage through a Special Form policy, on a replacement cost basis, with such companies as Lessee may select, with the approval of City, for the full replacement value thereof.
Special Form Property Insurance. Tenant shall, at its cost and expense and at all times during the Term, maintain in force, for the joint benefit of Landlord and Tenant, and any holder of a mortgage on the Building, a policy of special form property insurance that insures against loss or damage by fire and lightning, and such other perils as are covered under the broadest form of special form property insurance with "extended coverage" or "all risk" endorsements available in Florida, including, but not limited to, damage by wind storm, flood, hurricane, explosion, smoke, sprinkler leakage, vandalism, malicious mischief and such other risks as are normally covered by such endorsements. Landlord shall be named as an additional insured on such policy of insurance as its interests appear, and the leasehold mortgagee shall be named as required by its loan documents; however, any insurance proceeds shall be applied in the manner as set forth in this Lease. The insurance shall be carried and maintained to the extent of full (actual) replacement cost of the value of the Building (real property) and personal property (contents) with a deductible not to exceed two percent (2%) of the total value insured. Such insurance policy or policies shall be stated to be primary and noncontributing with any insurance which may be carried by Landlord. A certificate of said insurance shall be delivered to Landlord on the Commencement Date, to be effective from and after the Commencement Date. Any renewal certificates shall be delivered to Landlord not later than seven (7) days following the binding of any such insurance policies during the Term. Such insurance shall be cancelable only after thirty (30) days' prior written notice to Landlord, Tenant, and at Landlord's request any holder of a mortgage on Landlord's interest in the Leased Premises. In the event Tenant fails to timely pay any premium when due, Landlord shall be authorized to do so, and may charge all costs and expenses thereof, including the premium, to Tenant, to be paid by Tenant as additional rent hereunder.
Special Form Property Insurance. Cover: All physical assets comprising the Borrower and the Project, including buildings and their contents, machinery, stock, fixtures, fittings and all other personal property, against special form causes of physical loss or damage, including fire, lightning, explosion, terrorism, &, and machinery breakdown. Sum Insured: An amount sufficient to reinstate the property as determined by the Total Insurable Value schedule at the time of completion of the project. Deductibles: Not more than US$[***] each and every loss. Insured: The Borrower Loss Payee: The Lender
