Common use of Supplemental Coverage Clause in Contracts

Supplemental Coverage. Landlord reserves the right, should one or more claims be made against such insurance coverage to demand the Tenant promptly procure additional insurance coverage in such an amount as in Landlord’s reasonable is necessary and prudent to protect Landlord’s interest in the Building and under this agreement. A demand for additional coverage, in an amount equal to claims that have been filed and either settled, or are in litigation and with respect to which Landlord’s counsel has furnished an opinion that the Claimant has a legal cause of action which may result in the relief sought being granted, shall be deemed to be reasonable demand.

Appears in 4 contracts

Samples: Lease Agreement (First Mariner Bancorp), Lease Agreement (First Mariner Bancorp), Lease Agreement (First Mariner Bancorp)

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