Common use of Subtenant’s Insurance Clause in Contracts

Subtenant’s Insurance. (a) Subtenant shall, at its own expense, obtain and keep in force at all times during Sublease Term the insurance required to be maintained by the tenant under Section 61.13. of the Master Lease in relation to the Sublease Premises and Subtenant’s activities in or around the Sublease Premises and the Building. (b) Sublandlord shall be named as additional insured on all policies required to be carried by Subtenant under this capitalized section. (c) Upon the approval of this Sublease by Master Landlord (and thereafter upon request of Sublandlord), Subtenant shall deliver to Sublandlord certificates of insurance evidencing the insurance required to be maintained hereunder. (d) If Subtenant fails to procure and maintain the insurance required under this Section 8.02, Sublandlord shall have the option, but not the obligation, to procure and maintain such insurance at Subtenant’s expense. Subtenant shall reimburse Sublandlord within ten (10) days following demand for the costs of said insurance and any such amount shall be Additional Rent and may be collected and enforced in same manner as rent. Subtenant acknowledges that Sublandlord will not carry insurance on Subtenant’s furnishings, fixtures or equipment, and Subtenant agrees that Sublandlord will not be obligated to repair any damage thereto or replace the same whether or not such damage is caused by the acts or omissions of Sublandlord or otherwise.

Appears in 2 contracts

Samples: Sublease (Innovive Pharmaceuticals, Inc.), Sublease (Innovive Pharmaceuticals, Inc.)

AutoNDA by SimpleDocs

Subtenant’s Insurance. (a) Subtenant shallshall procure and maintain, at its own cost and expense, obtain and keep in force at all times during Sublease Term the such liability insurance required to be maintained by the tenant under Section 61.13. of the Master Lease in relation to the Sublease Premises and Subtenant’s activities in or around the Sublease Premises and the Building. (b) Sublandlord shall be named as additional insured on all policies is required to be carried by Subtenant Sublandlord under this capitalized section. (c) Upon the approval of this Sublease by Master Landlord (Original Lease, naming Sublandlord, as well as Landlord, as additional insureds, in the manner required therein and thereafter upon request of Sublandlord), Subtenant shall deliver to Sublandlord certificates of such property insurance evidencing the insurance as is required to be maintained hereunder. (d) If Subtenant fails carried by Sublandlord under the Original Lease to procure and maintain the extend such property insurance required under this Section 8.02, Sublandlord shall have pertains to the option, but not the obligation, to procure and maintain such insurance at Subtenant’s expensePremises. Subtenant shall reimburse furnish to Sublandlord within ten a certificate of Subtenant's insurance required hereunder not later than five (105) days following demand prior to Subtenant's taking possession of the Premises. 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 Landlord and Sublandlord for property damage to the Premises or its contents if and to the extent that Sublandlord waives such claims against Landlord under the Original Lease. Subtenant agrees to obtain, for the costs benefit of said insurance Landlord and any Sublandlord, such amount shall be Additional Rent and may be collected and enforced in same manner waivers of subrogation rights from its insurer as rent. Subtenant acknowledges that Sublandlord will not carry insurance on Subtenant’s furnishings, fixtures or equipment, and Subtenant agrees that Sublandlord will not be obligated to repair any damage thereto or replace the same whether or not such damage is caused by the acts or omissions are required of Sublandlord under the Original Lease. Sublandlord agrees to 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 Original Lease or otherwiseis required under the Original Lease to obtain such waiver of subrogation rights.

Appears in 1 contract

Samples: Sublease (Ion Networks Inc)

Subtenant’s Insurance. (a) Subtenant shallshall procure and maintain, at its own cost and expense, obtain and keep in force at all times during Sublease Term the such liability insurance required to be maintained by the tenant under Section 61.13. of the Master Lease in relation to the Sublease Premises and Subtenant’s activities in or around the Sublease Premises and the Building. (b) Sublandlord shall be named as additional insured on all policies is required to be carried by Subtenant Sublandlord under this capitalized section. (c) Upon the approval of this Sublease by Master Landlord (Prime Lease, naming Sublandlord, as well as Prime Landlord, in the manner required therein, and thereafter upon request of Sublandlord), Subtenant shall deliver to Sublandlord certificates of such property insurance evidencing the insurance as is required to be maintained hereunder. (d) If Subtenant fails carried by Sublandlord under the Prime Lease to procure and maintain the extent such property insurance required under this Section 8.02pertains to the Premises; provided, Sublandlord shall have however that notwithstanding anything in the optionSublease or the Prime Lease to the contrary, but not the obligation, to procure and maintain such insurance at Subtenant’s expenseinsurance 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 which are located in the Premises, as well as alterations in the Premises made by Subtenant. Subtenant shall reimburse furnish to Sublandlord within ten a certificate of Subtenant’s insurance required hereunder no later than five (105) days following demand prior to Subtenant’s taking possession of the Premises. 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 Premises or its contents if and to the extent that Sublandlord waives such claims against Prime Landlord under the Prime Lease. Subtenant agrees to obtain, for the costs benefit of said insurance Prime Landlord and any Sublandlord, such amount shall be Additional Rent and may be collected and enforced in same manner waiver of subrogation rights from its insurer as rent. Subtenant acknowledges that Sublandlord will not carry insurance on Subtenant’s furnishings, fixtures or equipment, and Subtenant agrees that Sublandlord will not be obligated to repair any damage thereto or replace the same whether or not such damage is caused by the acts or omissions are required of Sublandlord or otherwiseunder the Prime Lease.

Appears in 1 contract

Samples: Sublease (La Jolla Pharmaceutical Co)

Subtenant’s Insurance. (a) Subtenant shallshall procure and maintain, at its own cost and expense, obtain and keep in force at all times during Sublease Term the such liability insurance required to be maintained by the tenant under Section 61.13. of the Master Lease in relation to the Sublease Premises and Subtenant’s activities in or around the Sublease Premises and the Building. (b) Sublandlord shall be named as additional insured on all policies is required to be carried by Subtenant Sublandlord under this capitalized section. (c) Upon the approval of this Sublease by Master Landlord (Prime Lease, naming Sublandlord, as well as Prime Landlord, in the manner required therein and thereafter upon request of Sublandlord), Subtenant shall deliver to Sublandlord certificates of such property insurance evidencing the insurance as is required to be maintained hereunder. (d) carried by Sublandlord under the Prime Lease to the extent such property insurance pertains to the Premises. If the Prime Lease requires Sublandlord to insure leasehold improvements or alterations, then Subtenant fails to procure and maintain shall insure such leasehold improvements which are located in the insurance required under this Section 8.02Premises, Sublandlord shall have as well as alterations in the option, but not the obligation, to procure and maintain such insurance at Premises made by Subtenant’s expense. Subtenant shall reimburse furnish to Sublandlord within ten (10) days following demand a certificate of Subtenant's insurance required hereunder prior to Subtenant's taking possession of the Premises. 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 Premises or its contents if and to the extent that Sublandlord waives such claims against Prime Landlord under the Prime Lease. Subtenant agrees to obtain, for the costs benefit of said insurance Prime Landlord and any Sublandlord, such amount shall be Additional Rent and may be collected and enforced in same manner waivers of subrogation rights from its insurer as rent. Subtenant acknowledges that Sublandlord will not carry insurance on Subtenant’s furnishings, fixtures or equipment, and Subtenant agrees that Sublandlord will not be obligated to repair any damage thereto or replace the same whether or not such damage is caused by the acts or omissions are required of Sublandlord or otherwiseunder the Prime Lease.

Appears in 1 contract

Samples: Sublease (Epocrates Inc)

AutoNDA by SimpleDocs

Subtenant’s Insurance. (a) Subtenant shallshall procure and maintain, at its own cost and expense, obtain and keep in force at all times during Sublease Term the (i) such liability insurance required to be maintained by the tenant under Section 61.13. of the Master Lease in relation to the Sublease Premises and Subtenant’s activities in or around the Sublease Premises and the Building. (b) Sublandlord shall be named as additional insured on all policies is required to be carried by Subtenant Sublandlord under this capitalized section. (c) Upon the approval of this Sublease by Master Sublease, naming Sublandlord, Master Sublandlord and Master Landlord in the manner required therein, and (and thereafter upon request of Sublandlord), Subtenant shall deliver to Sublandlord certificates of ii) such property insurance evidencing the insurance as is required to be maintained hereunder. (d) carried by Sublandlord under the Master Sublease to the extent such property insurance pertains to the Sublease Premises. If the Master Sublease requires Sublandlord to insure leasehold improvements or alterations, then Subtenant fails to procure and maintain shall insure such leasehold improvements which are located in the insurance required under this Section 8.02Sublease Premises, Sublandlord shall have as well as alterations in the option, but not the obligation, to procure and maintain such insurance at Sublease Premises made by Subtenant’s expense. Subtenant shall reimburse furnish to Sublandlord within a certificate of Subtenant's insurance required hereunder not later than ten (10) days following demand prior to Subtenant's taking possession of the Sublease 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 Sublandlord, Master Landlord and Master Sublandlord for property damage to the Sublease Premises or its contents if and to the extent that Sublandlord waives such claims under the Master Sublease or the Master Lease. Subtenant agrees to obtain, for the costs benefit of said insurance Master Sublandlord, Master Landlord and any Sublandlord, such amount shall be Additional Rent and may be collected and enforced in same manner waivers of subrogation rights from its insurer as rent. Subtenant acknowledges that Sublandlord will not carry insurance on Subtenant’s furnishings, fixtures or equipment, and Subtenant agrees that Sublandlord will not be obligated to repair any damage thereto or replace the same whether or not such damage is caused by the acts or omissions are required of Sublandlord under the Master Sublease or otherwise.the Master Lease. Sublandlord agrees

Appears in 1 contract

Samples: Sub Sublease Agreement (Remedy Corp)

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