Common use of Tenant to Insure Clause in Contracts

Tenant to Insure. At its sole cost, risk and expense, the Tenant shall take out and keep in force during the Term and any period of occupancy of the Leased Premises by the Tenant prior to the Commencement Date, standard fire and extended coverage, contractual and tenant's legal liability coverage, lease agreement contractual coverage, and malicious damage insurance on the stock-in-trade, furniture, fixtures, glass improvements and all other contents of the Leased Premises to their full replacement value and comprehensive general liability insurance in an amount of not less than five million dollars ($5,000,000.00) and tenant's fire legal liability insurance all in amounts and with policies in a form satisfactory to the Landlord with insurers acceptable to the Landlord. Each such policy shall name the Landlord as an additional insured as its interest may appear and such comprehensive public liability insurance shall contain a provision for cross liability as between the Landlord and the Tenant. Each policy other than the public liability policies shall provide that the insurer shall not have any right of subrogation against the Landlord, its servants, agents or employees on account of any loss or damage covered by such insurance or on account of payments made to discharge claims against or liabilities of the Landlord or Tenant covered by such insurance. The cost or premium for each and every such policy shall be paid by the Tenant. The Tenant shall obtain from the insurers under such policies, undertakings to notify the Landlord in writing at least thirty (30) days prior to any cancellation or reduction in coverage thereof. If the Tenant fails to take out or keep in force, or provide to the Landlord proof, as hereafter contemplated, of such insurance, the Landlord shall have the right to place such insurance on behalf of the Tenant and to pay the premium therefor and in such event, the Tenant shall repay to the Landlord the amount paid therefor, which repayment shall be deemed to be Additional Rent payable on the first day of the next month following the said payment by the Landlord. The Tenant agrees to provide the Landlord with current copies of the insurance policies or certificate of insurance as described herein.

Appears in 1 contract

Samples: Smartire Systems Inc

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Tenant to Insure. At The Tenant, at its sole cost, risk cost and expense, the Tenant shall take out and keep in force during the Term and any period of occupancy of the Leased Premises by the Tenant prior to the Commencement DateTerm, standard fire and extended coverage, contractual and tenant's legal liability coverage, lease agreement contractual coverage, and malicious damage insurance on the stock-in-trade, furniture, fixtures, glass glass, improvements and all other contents of the Leased Premises to their full replacement value value, and comprehensive general liability insurance in an amount of not less than five million dollars ($5,000,000.005,000,000) and tenant's fire legal liability insurance all in amounts and with policies in a form satisfactory to the Landlord with insurers acceptable to the Landlord, acting reasonably. Each such The comprehensive general liability policy shall name the Landlord as an additional insured as its interest may appear and such comprehensive public liability insurance shall contain a provision for cross liability as between the Landlord and the Tenant. Each policy other than the public liability policies shall provide that the insurer shall not have any right of subrogation against the Landlord, its servants, agents or employees on account of any loss or damage covered by such insurance or on account of payments made to discharge claims against or liabilities of the Landlord or Tenant covered by such insurance. The cost or premium for each and every such policy shall be paid by the Tenant. The Tenant shall use commercially reasonable efforts to obtain from the insurers under such policies, undertakings to notify the Landlord in writing at least thirty (30) days prior to any cancellation or reduction in coverage thereof. If the Tenant fails to take out or keep in force, or provide to the Landlord proof, as hereafter contemplated, of such insurance, the Landlord shall have the right to place such insurance on behalf of the Tenant and to pay the premium therefor and in such event, the Tenant shall repay to the Landlord the amount paid therefor, which repayment shall be deemed to be Additional Rent payable on the first day of the next month following the said payment by the Landlord. Landlord The Tenant agrees to provide the Landlord with current copies of the insurance policies or certificate certificates of insurance as described herein.

Appears in 1 contract

Samples: Brooks Automation Inc

Tenant to Insure. At The Tenant, at its sole cost, risk cost and expense, the Tenant shall take out and keep in force during the Term and any period of occupancy of the Leased Premises by the Tenant prior to the Commencement DateTerm, standard fire and extended coverage, contractual and tenant's legal liability coverage, lease agreement contractual coverage, and malicious damage insurance on the stock-in-trade, furniture, fixtures, glass glass, improvements and all other contents of the Leased Premises to their full replacement value value, and comprehensive general liability insurance in an amount of not less than five million dollars ($5,000,000.005,000,000) and tenant's fire legal liability insurance all in amounts and with policies in a form satisfactory to the Landlord with insurers acceptable to the Landlord. Each such policy shall name the Landlord as an additional insured as its interest may appear and such comprehensive public liability insurance shall contain a provision for cross liability as between the Landlord and the Tenant. Each policy other than the public liability policies shall provide that the insurer shall not have any right of subrogation against the Landlord, its servants, agents or employees on account of any loss or damage covered by such insurance or on account of payments made to discharge claims against or liabilities of the Landlord or Tenant covered by such insurance. The cost or premium for each and every such policy shall be paid by the Tenant. The Tenant shall obtain from the insurers under such policies, undertakings to notify the Landlord in writing at least thirty (30) days prior to any cancellation or reduction in coverage thereof. If the Tenant fails to take out or keep in force, or provide to the Landlord proof, as hereafter contemplated, of such insurance, the Landlord shall have the right to place such insurance on behalf of the Tenant and to pay the premium therefor and in such event, the Tenant shall repay to the Landlord the amount paid therefor, which repayment shall be deemed to be Additional Rent payable on the first day of the next month following the said payment by the Landlord. The Tenant agrees to provide the Landlord with current copies of the insurance policies or certificate certificates of insurance as described hereinherein at least annually and more frequently if requested by Landlord.

Appears in 1 contract

Samples: Lease (Mosaix Inc)

Tenant to Insure. At The Tenant, at its sole cost, risk cost and expense, the Tenant shall take out and keep in force during the Term and any period of occupancy of the Leased Premises by the Tenant prior to the Commencement DateTerm, standard fire and extended coverage, contractual and tenant's legal liability coverage, lease agreement contractual coverage, and malicious damage insurance on the stock-in-trade, furniture, fixtures, glass glass, improvements and all other contents of the Leased Premises to their full replacement value value, and comprehensive general liability insurance in an amount of not less than five million dollars ($5,000,000.005,000,000) and tenant's ’s fire legal liability insurance all in amounts and with policies in a form satisfactory to the Landlord with insurers acceptable to the Landlord. Each such policy shall name the Landlord as an additional insured as its interest may appear and such comprehensive public liability insurance shall contain a provision for cross liability as between the Landlord and the Tenant. Each policy other than the public liability policies shall provide that the insurer shall not have any right of subrogation against the Landlord, its servants, agents or employees on account of any loss or damage covered by such insurance or on account of payments made to discharge claims against or liabilities of the Landlord or Tenant covered by such insurance. The cost or premium for each and every such policy shall be paid by the Tenant. The Tenant shall obtain from the insurers under such policies, undertakings to notify the Landlord in writing at least thirty (30) days prior to any cancellation or reduction in coverage thereof. If the Tenant fails to take out or keep in force, or provide to the Landlord proof, as hereafter contemplated, of such insurance, the Landlord shall have the right to place such insurance on behalf of the Tenant and to pay the premium therefor and in such event, the Tenant shall repay to the Landlord the amount paid therefor, which repayment shall be deemed to be Additional Rent payable on the first day of the next month following the said payment by the Landlord. The Tenant agrees to provide the Landlord with current copies of the insurance policies or certificate certificates of insurance as described herein.

Appears in 1 contract

Samples: VeriChip CORP

Tenant to Insure. At (a) The Tenant, at its sole cost, risk cost and expense, the Tenant shall take out and keep in force during the Term and any period of occupancy of the Leased Premises by the Tenant prior to the Commencement DateTerm, standard fire and extended coverage, contractual and tenant's legal liability coverage, lease agreement contractual coverage, and malicious damage insurance on the stock-in-trade, furniture, fixtures, glass glass, improvements and all other contents of the Leased Premises to their full replacement value value, and comprehensive general liability insurance in an amount of not less than five we three million dollars ($5,000,000.003,000,000) and tenant's fire legal liability insurance all in amounts and with policies in a form reasonably satisfactory to the Landlord with insurers reasonably acceptable to the Landlord. Each such policy shall name the Landlord as an additional insured as its interest may appear and such comprehensive public liability insurance shall contain a provision for cross liability as between the Landlord and the Tenant. Each policy other than the public liability policies shall provide that the insurer shall not have any right of subrogation against the Landlord, its servants, agents or employees on account of any loss or damage covered by such insurance or on account of payments made to discharge claims against or liabilities of the Landlord or Tenant covered by such insurance. The cost or premium for each and every such policy shall be paid by the Tenant. The Tenant shall obtain from the insurers under such policies, undertakings to notify the Landlord in writing at least thirty (30) days prior to any cancellation or reduction in coverage thereof. If the Tenant fails to take out or keep in force, or provide to the Landlord proof, as hereafter contemplated, of such insurance, the Landlord shall have the right to place such insurance on behalf of the Tenant and to pay the premium therefor and in such event, the Tenant shall repay to the Landlord the amount paid therefor, which repayment shall be deemed to be Additional Rent payable on the first day of the next month following the said payment by the Landlord. The Tenant agrees to provide the Landlord with current copies of the insurance policies or certificate certificates of insurance as described herein.

Appears in 1 contract

Samples: Agreement (Accpac International Inc)

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Tenant to Insure. At The Tenant, at its sole cost, risk cost and expense, the Tenant shall take out and keep in force during the Term and any period of occupancy of the Leased Premises by the Tenant prior to the Commencement DateTerm, standard fire and extended coverage, contractual and tenant's legal liability coverage, lease agreement contractual coverage, and malicious damage insurance on the stock-in-trade, furniture, fixtures, glass glass, improvements and all other contents of the Leased Premises to their full replacement value value, and comprehensive general liability insurance in an amount of not less than five million dollars ($5,000,000.005,000,000) and tenant's fire legal liability insurance all in amounts and with policies in a form satisfactory to the Landlord with insurers acceptable to the Landlord. Each such policy shall name the Landlord as an additional insured as its interest may appear and such comprehensive public liability insurance shall contain a provision for cross liability as between the Landlord and the Tenant. Each policy other than the public liability policies shall provide that the insurer shall not have any right of subrogation against the Landlord, its servants, agents or employees on account of any loss or damage covered by such insurance or on account of payments made to discharge claims against or liabilities of the Landlord or Tenant covered by such insurance. The cost or premium for each and every such policy shall be paid by the Tenant. The Tenant shall obtain from the insurers under such policies, undertakings to notify the Landlord in writing at least thirty (30) days prior to any cancellation or reduction in coverage thereof. If the Tenant fails to take out or keep in force, or provide to the Landlord proof, as hereafter contemplated, of such insurance, the Landlord shall have the right to place such insurance on behalf of the Tenant and to pay the premium therefor and in such event, the Tenant shall repay to the Landlord the amount paid therefor, which repayment shall be deemed to be Additional Rent payable on the first day of the next month following the said payment by the Landlord. The Tenant agrees to provide the Landlord with current copies of the insurance policies or certificate certificates of insurance as described herein.

Appears in 1 contract

Samples: Arterial Vascular Engineering Inc

Tenant to Insure. At (a) The Tenant, at its sole cost, risk cost and expense, the Tenant shall take out and keep in force during the Term and any period of occupancy of the Leased Premises by the Tenant prior to the Commencement DateTerm, standard fire and extended coverage, contractual and tenant's legal liability coverage, lease agreement contractual coverage, and malicious damage insurance on the stock-in-tradeintrade, furniturefumiture, fixtures, glass glass, improvements and all other contents of the Leased Premises to their full replacement value value, and comprehensive general liability insurance in an amount of not less than five three million dollars ($5,000,000.003,000,000) and tenant's fire legal liability insurance all in amounts and with policies in a form reasonably satisfactory to the Landlord with insurers reasonably acceptable to the Landlord. Each such policy shall name the Landlord as an additional insured as its interest may appear and such comprehensive public liability insurance shall contain a provision for cross liability as between the Landlord and the Tenant. Each policy other than the public liability policies shall provide that the insurer shall not have any right of subrogation against the Landlord, its servants, agents or employees on account of any loss or damage covered by such insurance or on account of payments made to discharge claims against or liabilities of the Landlord or Tenant covered by such insurance. The cost or premium for each and every such policy shall be paid by the Tenant. The Tenant shall obtain from the insurers under such policies, undertakings to notify the Landlord in writing at least thirty (30) days prior to any cancellation or reduction in coverage thereof. If the Tenant fails to take out or keep in force, or provide to the Landlord proof, as hereafter contemplated, of such insurance, the Landlord shall have the right to place such insurance on behalf of the Tenant and to pay the premium therefor and in such event, the Tenant shall repay to the Landlord the amount paid therefor, which repayment shall be deemed to be Additional Rent payable on the first day of the next month following the said id payment by the Landlord. The Tenant agrees to provide the Landlord with current copies current)pies of the insurance policies or certificate certificates of insurance as described herein.. The Landlord and the Tenant acknowledge and agree that, provided the Tenant is ACCPAC Canada Inc. and is not in default hereunder beyond any applicable cure periods, in lieu of the Tenant's insurance requirements described in Article 8.01(a) above, the Tenant may at its option elect to self-insure, provided that:

Appears in 1 contract

Samples: Original Lease Amending Agreement (Accpac International Inc)

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