Common use of Subtenant’s Insurance Clause in Contracts

Subtenant’s Insurance. Subtenant shall procure and maintain, at its own --------------------- cost and expense, such liability insurance as is required to be carried by Sublandlord under the Prime Lease, naming as additional insureds Sublandlord, Prime Landlord and any others required by Prime Landlord, and such property insurance as is required to be carried by Sublandlord under the Prime Lease to the extent such property insurance pertains to the Subleased Premises. If the Prime Lease requires Sublandlord to insure leasehold improvements or alterations, then Subtenant shall insure such leasehold improvements that are located in the Subleased Premises, as well as alterations in the Subleased Premises made by Subtenant. Subtenant shall furnish to Sublandlord a certificate of Subtenant's insurance required hereunder not later than ten (10) days prior to the Commencement Date and new certificates annually thereafter, but in no event less than thirty (30) days prior to the expiration of the current certificate. Each party hereby waives claims against the other for property damage provided such waiver shall not invalidate the waiving party's property insurance; each party shall obtain from its insurance carrier a waiver of its right of subrogation. Subtenant hereby waives claims against Prime Landlord and Sublandlord for property damage to the Subleased Premises or its contents if and to the extent that Sublandlord waives such claims against Prime Landlord under the Prime Lease. Subtenant shall obtain, for the benefit of Prime Landlord and Sublandlord, such waivers of subrogation rights from its insurer as are required of Sublandlord under the Prime Lease. Sublandlord shall continue to comply with its obligations under the Prime Lease with respect to maintaining insurance.

Appears in 1 contract

Samples: Sublease and License Agreement (Pitney Bowes Office Systems Inc)

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Subtenant’s Insurance. Subtenant shall procure and maintain, at its own --------------------- cost and expense and unless the Prime Landlord shall agree to lesser limits and coverage, such commercial general liability and other insurance as is required to be carried by Sublandlord under the Prime Lease as it relates to the Premises, naming Sublandlord as well as Prime Landlord, Prime Landlord’s managing agent and any mortgagee or other additional insureds designated by Sublandlord or the Prime Landlord of which Subtenant shall have had notice, in the manner required therein. However, for the purposes hereof it is agreed that the limit of Subtenant’s commercial general liability insurance shall be $5 million per annum, combined single limit. Unless the Prime Landlord agrees to waive or permit lesser coverage and limits, Subtenant shall also procure and maintain, at its own cost and expense, such liability property insurance as is required to be carried by Sublandlord under the Prime Lease, naming as additional insureds Sublandlord, Prime Landlord and any others required by Prime Landlord, and such property insurance as is required to be carried by Sublandlord under the Prime Lease to the extent such property insurance pertains to the Subleased Premises. If the Prime Lease requires Sublandlord to insure leasehold improvements or alterations, then Subtenant shall insure such leasehold improvements that are located in the Subleased Premises, as well as alterations in the Subleased Premises made by Subtenantits contents, or both. Subtenant shall furnish to Sublandlord a certificate evidencing Subtenant’s insurance coverage required hereunder, together with actual copies of all endorsements to Subtenant's insurance required hereunder ’s policies, not later than ten (10) days prior to Subtenant’s taking possession of the Commencement Date Premises and new certificates annually thereafter, but when and as amended or replaced, with copies of Subtenant’s insurance policies, or applicable provisions thereof, following Sublandlord’s written request therefor from time to time for reasonable cause (including, without limitation, in no event less than thirty (30connection with the adjustment of any claim relating to Subtenant or the Premises). Subtenant agrees to obtain, for the benefit of Sublandlord, the Prime Landlord, its managing agent, any mortgagee or other Additional Insureds designated by the Prime Landlord of which Subtenant shall have had notice, such waivers of subrogation rights from its insurers) days prior as are required of Sublandlord under the Prime Lease. Sublandlord agrees to obtain for the benefit of Subtenant a waiver from its insurer(s) of its right of subrogation. Sublandlord agrees to use commercially reasonable efforts to obtain from the Prime Landlord a waiver of claims for insurable property damage losses and an agreement from the Prime Landlord to obtain a waiver of subrogation rights in the Prime Landlord’s property insurance, if and to the expiration extent that the Prime Landlord waives such claims against Sublandlord under the Prime Lease or is required under the Prime Lease to obtain such waiver of the current certificatesubrogation rights. Each party hereby waives claims against the other for property damage provided such waiver shall not invalidate the waiving party's ’s property insurance; each party shall obtain from its insurance carrier a waiver of its right of subrogation. Subtenant hereby waives claims against the Prime Landlord and Sublandlord for property damage to the Subleased Premises or its contents if and to the extent that Sublandlord waives such claims against the Prime Landlord under the Prime Lease. Anything herein to the contrary notwithstanding, Subtenant shall obtainobtain and maintain in force such additional insurance coverage, for including terrorism insurance, and shall increase the benefit limits of coverage herein provided as the Prime Landlord and Sublandlord, such waivers of subrogation rights may from its insurer as are required of Sublandlord under time to time require pursuant to the Prime Lease. Sublandlord shall continue to comply with its obligations under the Prime Lease with respect to maintaining insurance.

Appears in 1 contract

Samples: Sublease (Stealth BioTherapeutics Corp)

Subtenant’s Insurance. Subtenant shall procure and maintain, at its own --------------------- cost and expense, such liability insurance as is required to be carried by Sublandlord under the Prime Lease, naming as additional insureds Sublandlord, Prime Landlord and any others required by as well as Prime Landlord, in the manner required therein and such property insurance as is required to be carried by Sublandlord under the Prime Lease to the extent such property insurance pertains to the Subleased Premises. If the Prime Lease requires Sublandlord to insure leasehold improvements or alterations, then Subtenant shall insure such leasehold improvements that which are located in the Subleased Premises, as well as alterations in the Subleased Premises made by Subtenant. Subtenant shall furnish to Sublandlord a certificate of Subtenant's insurance required hereunder not later than ten (10) days prior to the Commencement Date and new certificates annually thereafter, but in no event less than thirty (30) days prior to the expiration Subtenant's taking possession of the current certificatePremises. Each party hereby waives claims against the other for property damage provided such waiver shall not invalidate the waiving party's property insurance; each party shall attempt to obtain from its insurance carrier a waiver of its right of subrogation. Subtenant hereby waives claims against Prime Landlord and Sublandlord for property damage to the Subleased Premises or its contents if and to the extent that Sublandlord waives such claims against Prime Landlord under the Prime Lease. Subtenant shall agrees to obtain, for the benefit of Prime Landlord and Sublandlord, such waivers of subrogation rights from its insurer as are required of Sublandlord under the Prime Lease. Sublandlord shall continue to comply with its obligations under the Prime Lease with respect to maintaining insurance.

Appears in 1 contract

Samples: Commencement Date Agreement (Epocrates Inc)

Subtenant’s Insurance. The Subtenant shall procure secure as and maintain, at its own --------------------- cost from the Possession Date from a solvent and expense, such liability responsible insurance as is required to be carried by Sublandlord under company and maintain throughout the Prime Lease, naming as additional insureds Sublandlord, Prime Landlord Term and any others required renewal thereof, in full force and effect insurance upon property of every nature, description and kind owned by Prime Landlord, the Subtenant for which the Subtenant is legally liable and such property insurance as which is required to be carried by Sublandlord under the Prime Lease to the extent such property insurance pertains to the Subleased Premises. If the Prime Lease requires Sublandlord to insure leasehold improvements or alterations, then Subtenant shall insure such leasehold improvements that are located in the Subleased Premises, as well as alterations in within the Subleased Premises made by Subtenant. Subtenant shall furnish to Sublandlord a certificate of including the Subtenant's fixtures, stock in trade, furniture and equipment for the full replacement cost thereof with coverage against at least, the perils of fire and standard extended coverage including sprinkler leakage, broad form boiler and machinery insurance required hereunder on a blanket repair and replacement basis with limits for each accident in an amount not later less than ten the replacement cost of all the Subtenant's leasehold improvements and all boiler, pressure vessels, air conditioning equipment and miscellaneous electrical apparatus; business interruption insurance in such amounts as will reimburse the Subtenant for direct or indirect loss of earnings attributable to all perils insured against; public liability insurance and property damage insurance including personal injury liability, contractual liability, employers liability and owners and contractors protective insurance coverage, such policies to be written on a comprehensive basis with inclusive limits of not less than $5,000,000.00 for bodily injury or property damage and to contain a severability of interest clause and cross liability clauses (10) days prior if available); and tenant's legal liability insurance for the actual cash value of the Premises including loss of use thereof. The Sublandlord shall be an additional insured on such policies and the Subtenant agrees to provide to the Commencement Date and new Sublandlord certificates annually thereafterof insurance or where requested certified copies of such policies of insurance. In the event the Subtenant fails to take out or to keep in force such insurance the Sublandlord has the right, but without assuming any obligation in no event less than thirty connection therewith, upon forty-eight (3048) days prior hours written notice to effect such insurance at the expiration sole cost of the current certificate. Each party hereby waives claims against Subtenant and all cost and expenses including the other for property damage provided such waiver shall not invalidate premiums therefore paid by the waiving party's property insurance; each party shall obtain from its insurance carrier a waiver of its right of subrogation. Subtenant hereby waives claims against Prime Landlord and Sublandlord for property damage to the Subleased Premises or its contents if and to the extent that Sublandlord waives such claims against Prime Landlord under the Prime Lease. Subtenant shall obtain, for the benefit of Prime Landlord and Sublandlord, such waivers of subrogation rights from its insurer as are required of Sublandlord under the Prime Lease. Sublandlord shall continue be paid by the Subtenant and the Subtenant covenants and agrees to comply with its obligations under the Prime Lease with respect to maintaining insurancepay such on demand.

Appears in 1 contract

Samples: Sublease Agreement (Startek Inc)

Subtenant’s Insurance. Subtenant shall procure and maintain, at its own --------------------- cost and expense, such liability insurance as is required to be carried by Sublandlord under the Prime Lease, naming as additional insureds Sublandlord, Prime Landlord and any others required by as well as Prime Landlord, in the manner required therein, and such property insurance as is required to be carried by Sublandlord under the Prime Lease to the extent such property insurance pertains to the Subleased Premises; provided, however that notwithstanding anything in the Sublease or the Prime Lease to the contrary, Subtenant’s insurance may be provided through a combination of primary and excess coverage. If the Prime Lease requires Sublandlord to insure leasehold improvements or alterations, then Subtenant shall insure such leasehold improvements that which are located in the Subleased Premises, as well as alterations in the Subleased Premises made by Subtenant. Subtenant shall furnish to Sublandlord a certificate of Subtenant's ’s insurance required hereunder not no later than ten five (105) days prior to the Commencement Date and new certificates annually thereafter, but in no event less than thirty (30) days prior to the expiration Subtenant’s taking possession of the current certificatePremises. Each party hereby waives claims against the other for property damage provided such waiver shall not invalidate the waiving party's ’s property insurance; each party shall attempt to obtain from its insurance carrier a waiver of its right of subrogation. Subtenant hereby waives claims against Prime Landlord and Sublandlord for property damage to the Subleased Premises or its contents if and to the extent that Sublandlord waives such claims against Prime Landlord under the Prime Lease. Subtenant shall agrees to obtain, for the benefit of Prime Landlord and Sublandlord, such waivers waiver of subrogation rights from its insurer as are required of Sublandlord under the Prime Lease. Sublandlord shall continue to comply with its obligations under the Prime Lease with respect to maintaining insurance.

Appears in 1 contract

Samples: Sublease (La Jolla Pharmaceutical Co)

Subtenant’s Insurance. Subtenant shall procure and maintain, at its own --------------------- cost and expenseexpense and unless the Prime Landlord shall agree to lesser limits and coverage, such commercial general liability insurance as is required to be carried by Sublandlord under the Prime Lease, naming as additional insureds Sublandlord, Prime Landlord and any others required by Prime Landlord, and such property other insurance as is required to be carried by Sublandlord under the Prime Lease as it relates to the extent Premises, naming as additional insureds Sublandlord as well as Prime Landlord, Prime Landlord’s managing agent, Sublandlord’s managing agent, and any mortgagee designated in writing by Sublandlord or the Prime Landlord of which Subtenant shall have had notice, in the manner required therein. However, for purposes hereof it is agreed that the limit of Subtenant’s commercial general liability insurance shall be $5 million per annum, combined single limit. Unless the Prime Landlord agrees to waive or permit lesser coverage and limits, Subtenant shall also procure and maintain, at its own cost and expense, such property insurance pertains insurance, including, without limitation, on Subtenant’s furniture, trade fixtures and equipment within the Premises (and any leasehold improvements made by Subtenant after the date of this Lease) as is required to the Subleased Premises. If be carried by Sublandlord under the Prime Lease requires with respect to the Premises. Sublandlord will be responsible for maintaining or causing to insure maintain property insurance on any leasehold betterments or improvements made in or alterationsto the Premises prior to the date hereof, then Subtenant shall insure such leasehold improvements that are located in with the Subleased Premises, as well as alterations in the Subleased Premises made by Subtenantcost thereof being part of Operating Expenses hereunder. Subtenant shall furnish to Sublandlord a certificate of evidencing Subtenant's ’s insurance coverage required hereunder not later than ten (10) days prior to Subtenant’s taking possession of the Commencement Date Premises and new certificates annually thereafter, but when and as amended or replaced, following Sublandlord’s written request therefor from time to time in no event less than thirty (30connection with the adjustment of any claim relating to Subtenant or the Premises. Subtenant agrees to obtain, for the benefit of Sublandlord, the Prime Landlord, its managing agent, any mortgagee or other Additional Insureds designated by the Prime Landlord of which Subtenant shall have had notice, such waivers of subrogation rights from its insurers) days prior as are required of Sublandlord under the Prime Lease. Sublandlord agrees to obtain for the benefit of Subtenant a waiver from its insurer(s) of their respective right of subrogation, subject to and in accordance with the terms and provisions of the Prime Lease. Sublandlord agrees to use commercially reasonable efforts to obtain from the Prime Landlord a waiver of claims for insurable property damage losses and an agreement from the Prime Landlord to obtain a waiver of subrogation rights in the Prime Landlord’s property insurance, to the expiration extent that the Prime Landlord waives such claims against Sublandlord under the Prime Lease or is required under the Prime Lease to obtain such waiver of the current certificatesubrogation rights. Each party hereby waives claims against the other for property damage provided such waiver shall not invalidate the waiving party's ’s property insurance; each party shall obtain from its insurance carrier a waiver of its right of subrogation. Subtenant hereby waives claims against the Prime Landlord and Sublandlord for property damage to the Subleased Premises or its contents if and to the extent that Sublandlord waives such claims against the Prime Landlord under the Prime Lease. Anything herein to the contrary notwithstanding, Subtenant shall obtainobtain and maintain in force such additional insurance coverage, for including terrorism insurance, and shall increase the benefit limits of coverage herein provided as the Prime Landlord and Sublandlord, such waivers of subrogation rights may from its insurer as are required of Sublandlord under time to time require pursuant to the Prime Lease. Sublandlord shall continue to comply with its obligations under the Prime Lease with respect to maintaining insurance.

Appears in 1 contract

Samples: April 2012 Letter Agreement (Chiasma, Inc)

Subtenant’s Insurance. Subtenant shall procure and maintain, at its own --------------------- cost and expense, such liability insurance as is required to be carried by Sublandlord under the Prime Lease, naming as additional insureds Sublandlord, Prime Landlord and any others required by as well as Prime Landlord, in the manner required therein, and such property insurance as is required to be carried by Sublandlord under the Prime Lease to the extent such property insurance pertains to the Subleased Premises. If the Prime Lease requires Sublandlord to insure leasehold improvements or alterations, then Subtenant shall insure such leasehold improvements that are located in the Subleased Premises, as well as alterations in the Subleased Premises made by Subtenant. Subtenant shall furnish to Sublandlord a certificate of Subtenant's ’s insurance required hereunder not later than ten (10) days prior to the Commencement Date and new certificates annually thereafter, but in no event less than thirty (30) days prior to the expiration Subtenant’s taking possession of the current certificatePremises. Each party hereby waives claims against the other for property damage provided such waiver shall not invalidate the waiving party's ’s property insurance; each party shall attempt to obtain from its insurance carrier a waiver of its right of subrogation. Subtenant hereby waives only those claims against Prime Landlord and Sublandlord for business interruption or property damage to the Subleased Premises or its contents if and contents, but solely to the extent that Sublandlord waives is required to waive such claims against Prime Landlord under Paragraph 8 of the Prime Lease. Sublandlord hereby waives such claims against Subtenant shall for loss of rents or damage to property sustained by Sublandlord to the same degree that such claims are waived by Prime Landlord under Paragraph 8 of the Prime Lease. Subject to the terms herein, Subtenant agrees to use reasonable efforts in good faith to obtain, for the benefit of Prime Landlord and Sublandlord, such waivers of subrogation rights from its insurer as are required of Sublandlord under the Prime Lease. Sublandlord shall continue agrees to comply with its obligations use reasonable efforts in good faith to obtain from Prime Landlord a waiver of claims for insurable property damage losses and an agreement from Prime Landlord to obtain a waiver of subrogation rights in Prime Landlord’s property insurance, if and to the extent that Prime Landlord waives such claims against Sublandlord under the Prime Lease with respect or is required under the Prime Lease to maintaining insuranceobtain such waiver of subrogation rights.

Appears in 1 contract

Samples: Sublease (Amylin Pharmaceuticals Inc)

Subtenant’s Insurance. Subtenant shall procure and maintain, at its own --------------------- cost and expense, such liability insurance as is required to be carried by Sublandlord under the Prime Original Lease, naming Sublandlord, as well as Landlord, as additional insureds Sublandlordinsureds, Prime Landlord and any others in the manner required by Prime Landlord, therein and such property insurance as is required to be carried by Sublandlord under the Prime Original Lease to the extent extend such property insurance pertains to the Subleased Premises. If the Prime Lease requires Sublandlord to insure leasehold improvements or alterations, then Subtenant shall insure such leasehold improvements that are located in the Subleased Premises, as well as alterations in the Subleased Premises made by Subtenant. Subtenant shall furnish to Sublandlord a certificate of Subtenant's insurance required hereunder not later than ten five (105) days prior to the Commencement Date and new certificates annually thereafter, but in no event less than thirty (30) days prior to the expiration Subtenant's taking possession of the current certificatePremises. Each party hereby waives claims against the other for property damage provided such waiver shall not invalidate the waiving party's property insurance; each party shall attempt to obtain from its insurance carrier a waiver of its right of subrogation. Subtenant hereby waives claims against Prime Landlord and Sublandlord for property damage to the Subleased Premises or its contents if and to the extent that Sublandlord waives such claims against Prime Landlord under the Prime Original Lease. Subtenant shall agrees to obtain, for the benefit of Prime Landlord and Sublandlord, such waivers of subrogation rights from its insurer as are required of Sublandlord under the Prime Original Lease. Sublandlord shall continue agrees to comply with its obligations use reasonable efforts in good faith to obtain from Landlord a waiver of claims for insurable property damage losses and an agreement from Landlord to obtain a waiver of subrogation rights in Landlord's property insurance, if and to the extent that Landlord waives such claims against Sublandlord under the Prime Original Lease with respect or is required under the Original Lease to maintaining insuranceobtain such waiver of subrogation rights.

Appears in 1 contract

Samples: Sublease (Ion Networks Inc)

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Subtenant’s Insurance. Subtenant shall procure and maintain, at its own --------------------- cost and expense, such maintain throughout the term of this Sublease (i) commercial general public liability insurance in respect of the Office Space and all appurtenant areas and the conduct and operation of business therein, and the acts and omissions of Subtenant, its agents, employees and contractors, with Sublessor and the Landlord under the Prime Lease as is required to be additional insureds, as primary coverage over any insurance carried by Sublandlord Sublessor or the Landlord under the Prime Lease, naming as additional insureds Sublandlordwith limits of not less than $1,000,000 per occurrence and $2,000,000 general aggregate limit for personal or bodily injury, Prime Landlord death and any others required by Prime Landlordproperty damage, endorsed to provide coverage for fire legal liability and contractual liability for Subtenant's indemnity obligations under this Sublease, and such water damage and sprinkler leakage legal liability; (ii) all-risk property insurance as is required to be carried by Sublandlord under with endorsements for vandalism and malicious mischief, water damage and sprinkler leakage, for the Prime Lease to the extent such full replacement value of Subtenant's inventory, equipment, trade fixtures and other personal property insurance pertains to the Subleased Premises. If the Prime Lease requires Sublandlord to insure leasehold improvements or alterations, then Subtenant shall insure such leasehold improvements that are located in the Subleased PremisesOffice Space; and (iii) such other insurance, in such amounts and against such risks as well as alterations Sublessor specifies in the Subleased Premises made by Subtenantwriting. Subtenant shall furnish deliver to Sublandlord Sublessor a fully paid-for policy or certificate of Subtenant's insurance required hereunder not later than ten (10) days prior to the Commencement Date Date. Subtenant shall procure and new certificates annually thereafterpay for renewals of such insurance from time to time before the expiration thereof, but in no event less than and Subtenant shall deliver to Sublessor such renewal policy or certificate at least thirty (30) days prior to before the expiration of any existing policy. All such policies shall be issued by companies rated not lower than "B+ Class X" by A.M. Best Co. licensed to do business in the current certificate. Each party hereby waives claims against state in which the other for property damage provided Office Space is located, and all such waiver policies shall contain a provision whereby the same cannot invalidate the waiving party's property insurance; each party shall obtain from its insurance carrier a waiver be canceled or modified unless Sublessor is given at least thirty (30) days' prior written notice by certified or registered mail of its right of subrogation. Subtenant hereby waives claims against Prime Landlord and Sublandlord for property damage to the Subleased Premises such cancellation or its contents if and to the extent that Sublandlord waives such claims against Prime Landlord under the Prime Lease. Subtenant shall obtain, for the benefit of Prime Landlord and Sublandlord, such waivers of subrogation rights from its insurer as are required of Sublandlord under the Prime Lease. Sublandlord shall continue to comply with its obligations under the Prime Lease with respect to maintaining insurancemodification.

Appears in 1 contract

Samples: Asset Purchase Agreement (Hadron Inc)

Subtenant’s Insurance. Subtenant shall procure and maintain, at its own --------------------- cost and expense, such liability insurance as is required to be carried by Sublandlord under the Prime Lease, [Sublease of Entire Premises] ----------------------------- naming as additional insureds Sublandlord, Prime Landlord and any others required by Prime Landlord, and such property insurance as is required to be carried by Sublandlord under the Prime Lease to the extent such property insurance pertains to the Subleased Premises. If the Prime Lease requires Sublandlord to insure leasehold improvements or alterations, then Subtenant shall insure such leasehold improvements that are located in the Subleased Premises, as well as alterations in the Subleased Premises made by Subtenant. Subtenant shall furnish to Sublandlord a certificate of Subtenant's insurance required hereunder not later than ten (10) days prior to the Commencement Date and new certificates annually thereafter, but in no event less than thirty (30) days prior to the expiration of the current certificate. Each party hereby waives claims against the other for property damage provided such waiver shall not invalidate the waiving party's property insurance; each party shall obtain from its insurance carrier a waiver of its right of subrogation. Subtenant hereby waives claims against Prime Landlord and Sublandlord for property damage to the Subleased Premises or its contents if and to the extent that Sublandlord waives such claims against Prime Landlord under the Prime Lease. Subtenant shall obtain, for the benefit of Prime Landlord and Sublandlord, such waivers of subrogation rights from its insurer as are required of Sublandlord under the Prime Lease. Sublandlord shall continue to comply with its obligations under the Prime Lease with respect to maintaining insurance.

Appears in 1 contract

Samples: Sublease Agreement (Pitney Bowes Office Systems Inc)

Subtenant’s Insurance. Subtenant shall procure and maintain, at its own --------------------- cost and expense, (i) such liability insurance as is required to be carried by Sublandlord under the Prime LeaseMaster Sublease, naming as additional insureds Sublandlord, Prime Master Sublandlord and Master Landlord and any others in the manner required by Prime Landlordtherein, and (ii) such property insurance as is required to be carried by Sublandlord under the Prime Lease Master Sublease to the extent such property insurance pertains to the Subleased Sublease Premises. If the Prime Lease Master Sublease requires Sublandlord to insure leasehold improvements or alterations, then Subtenant shall insure such leasehold improvements that which are located in the Subleased Sublease Premises, as well as alterations in the Subleased Sublease Premises made by Subtenant. Subtenant shall furnish to Sublandlord a certificate of Subtenant's insurance required hereunder not later than ten (10) days prior to the Commencement Date and new certificates annually thereafter, but in no event less than thirty (30) days prior to the expiration Subtenant's taking possession of the current certificateSublease Premises. Each party hereby waives claims against the other for property damage to the extent the cost to restore such damage in insured under applicable insurance policies payable to the waiving party and provided such waiver shall not invalidate the waiving party's property insurance; each party shall attempt to obtain from its insurance carrier a waiver of its right of subrogation. Subtenant hereby waives claims against Prime Sublandlord, Master Landlord and Master Sublandlord for property damage to the Subleased Sublease Premises or its contents if and to the extent that Sublandlord waives such claims against Prime Landlord under the Prime Master Sublease or the Master Lease. Subtenant shall agrees to obtain, for the benefit of Prime Master Sublandlord, Master Landlord and Sublandlord, such waivers of subrogation rights from its insurer as are required of Sublandlord under the Prime Master Sublease or the Master Lease. Sublandlord shall continue to comply with its obligations under the Prime Lease with respect to maintaining insurance.agrees

Appears in 1 contract

Samples: Sub Sublease Agreement (Remedy Corp)

Subtenant’s Insurance. Subtenant shall procure and maintain, at its own --------------------- cost and expense, such liability insurance as is required to be carried by Sublandlord under the Prime LeaseXxxxxxxxx, naming Sublandlord and the Overlandlord under the Xxxxxxxxx as additional insureds Sublandlordinsureds. Such insurance coverage shall be primary and non-contributory as to the Premises. Subtenant shall also procure and maintain, Prime Landlord at its own cost and any others required by Prime Landlordexpense, and such property insurance as is required to be carried by Sublandlord under the Prime Lease Xxxxxxxxx to the extent such property insurance pertains to the Subleased Premises. If Subtenant is required to procure and maintain at its own cost and expense other types of insurance required of Sublandlord under the Prime Lease requires Sublandlord Xxxxxxxxx which relate in any way to insure leasehold improvements or alterations, then Subtenant shall insure such leasehold improvements that are located in the Subleased Premises, as well as alterations in the Subleased Premises made by Subtenant. Subtenant shall furnish to Sublandlord a certificate of Subtenant's ’s insurance required hereunder not later than ten (10) days prior to the Commencement Date and new certificates annually thereafter, but in no event less than thirty (30) days prior to the expiration Subtenant’s taking possession of the current certificateSubleased Premises. Each party hereby waives claims against the other for property damage provided such waiver shall not invalidate the waiving party's ’s property insurance; each party shall obtain from its insurance carrier a waiver of its right of subrogation. Subtenant hereby waives claims against Prime Landlord the Overlandlord under the Xxxxxxxxx and Sublandlord for property damage damages to the Subleased Premises or its contents content if and to the extent that Sublandlord waives such claims against Prime Landlord the Overlandlord under the Prime LeaseXxxxxxxxx. Subtenant shall agrees to obtain, for the benefit of Prime Landlord Sublandlord and Sublandlordthe Overlandlord under the Xxxxxxxxx, such waivers of subrogation rights from its insurer as are required of Sublandlord under the Prime LeaseXxxxxxxxx. Sublandlord shall continue In addition to comply with its obligations any requirements applicable to Subtenant under the Prime Lease with respect Xxxxxxxxx related to maintaining the procurement and maintenance of insurance, Subtenant shall maintain comprehensive public liability insurance against claims for personal injury, bodily injury, wrongful death and property damage occurring on, in or about the Subleased Premises, affording insurance protection to limits of not less than a combined single limit of $5,000,000. Subtenant shall also maintain insurance in reasonable amounts to cover the replacement value of Subtenant’s personal property located within the Subleased Premises, including without limitation coverage for any equipment, furniture or other personal property made available for Subtenant’s use pursuant to this Sublease.

Appears in 1 contract

Samples: Agreement of Sublease (Telx Group, Inc.)

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