Tenant’s Casualty Insurance. Tenant shall, at Tenant's expense, obtain and keep in force during the term of this Lease, replacement cost, fire and extended coverage insurance, with vandalism and malicious mischief, sprinkler leakage and earthquake endorsements, in an amount sufficient to cover not less than 100% of the full replacement cost, as the same may exist from time to time, of all of Tenant's personal property, fixtures, equipment and Tenant improvements. Tenant agrees that all personal property of whatever kind, including, without limitation, inventory and/or goods stored at or about the Premises, Tenant's trade fixtures and Tenant's interest in tenant improvements which may be at any time located in, on or about the Premises or the Building, whether owned by Tenant or third parties, shall be at Tenant's sole risk or at the risk of those claiming through Tenant, and that Landlord shall not be liable for any damage to or loss of such property except for loss or damage arising from or caused by the sole gross negligence of Landlord or any of Landlord's officers, employees, agents or authorized representatives acting within the scope of their authority.
Tenant’s Casualty Insurance. Tenant shall keep all of its machinery, equipment, furniture, fixtures, personal property (including also property under the care, custody, or control of Tenant) and business interests that may be located in, upon, or about the Premises insured for the benefit of Tenant in an amount equivalent to the full replacement value or insurable value thereof against (a) loss or damage by fire; and (b) such other risk or risks of a similar or dissimilar nature as are now, or may in the future be, customarily covered with respect to a tenant's machinery, equipment, furniture, fixtures, personal property and business located in a building similar in construction, general location, use, occupancy and design to the Facility, including, but without limiting the generality of the foregoing, windstorms, hail, explosions, vandalism, theft, malicious mischief, civil commotion, and such other coverage as Tenant may deem appropriate or necessary. Tenant shall have the right to provide this coverage by means of blanket coverage.
Tenant’s Casualty Insurance. Tenant shall procure and keep in effect from the date of this Lease and at all times until the end of the Term insurance covering Tenant's personal property, furniture and fixtures in the amount of their full replacement value.
Tenant’s Casualty Insurance. During the term of this Lease, and any renewal terms, Tenant shall cause its improvements to the Demised Premises to be insured for the benefit of Tenant, against loss or damage by fire and customary extended coverage in an amount equal to the replacement value thereof, if insurance in such amount is available. Tenant agrees to deliver a certificate evidencing such insurance to Landlord within thirty (30) days of the date of execution of this Lease.
Tenant’s Casualty Insurance. Tenant shall keep all of Tenant’s fixtures, furniture, furnishings, equipment and stock in trade insured against loss or damage by fire and other hazards included in so-called “all-risk” insurance, in an amount not less than one hundred percent (100%) of the full insurable replacement thereof, without deduction for depreciation, but in any event in an amount sufficient to prevent Tenant from becoming a co-insurer under the applicable policies. Any deductible shall be reasonable. Notwithstanding the foregoing, so long as Tenant takes out and maintains insurance against loss or damage by fire or other hazards to its fixtures, furniture, furnishings, equipment and stock in trade at least equal to that which Tenant maintained while Tenant was a tenant at its 000 Xxxxxxxxx Xxxx, Xxxxx 000, Xxxxxxxxx, XX 00000 offices then Tenant shall be deemed to be in compliance with its obligations under this Section 9.2.
Tenant’s Casualty Insurance. Tenant shall maintain in full force and effect on all of the Alterations and Tenant’s personal property, furniture, furnishings, trade or business fixtures and equipment (collectively, “Tenant’s Property”) on the Premises, a policy or policies of fire and extended coverage insurance with standard coverage endorsement to the extent of the full replacement cost thereof. No policy maintained by Tenant under this Paragraph 14(b) shall contain a deductible greater than One Hundred Thousand Dollars ($100,000). During the Term of this Lease the proceeds from any such policy or policies of insurance shall be used for the repair or replacement of the Alterations and the Tenant’s Property so insured. Landlord shall have no interest in the insurance upon Tenant’s equipment and fixtures and will sign all documents reasonably necessary in connection with the settlement of any claim or loss by Tenant. Landlord will not carry insurance on Tenant’s possessions.
Tenant’s Casualty Insurance. Throughout the Lease Term, Tenant, at its sole cost and expense, shall keep in full force and effect a policy of insurance insuring the buildings and improvements on the Property against loss or damage by fire, with such extended coverage, vandalism and malicious mischief coverage as is standard in the area, due regard being given to the height and type of buildings, their construction, use and occupancy, in an amount not less than one hundred (100%) percent of the full insurable value (i.e. actual replacement cost without regard to physical depreciation) of the buildings and improvements exclusive of the cost of foundations, excavations and footings below the lowest basement floor, without any deduction being made for depreciation, to the extent such insurance is available. Tenant shall be permitted to self-insure the Property in its sole discretion.
Tenant’s Casualty Insurance. Tenant agrees at all times at its expense to keep its merchandise, fixtures and other property situated within the Demised Premises which Tenant is obligated to rebuild, repair and restore pursuant to Section 15.3 insured against fire, with extended coverage, to the extent of the full replacement cost thereof. Such insurance shall be carried with companies satisfactory to Landlord and shall be in form satisfactory to Landlord. Tenant shall obtain a written obligation of each insurance company to notify Landlord at least thirty (30) days prior to cancellation or material modification of such insurance. Such policies or duly executed certificates of insurance evidencing such insurance shall be delivered to Landlord prior to the commencement of Tenant's occupancy hereunder and renewals thereof as required shall be delivered to Landlord at least thirty (30) days prior to the expiration of the respective policy terms. The proceeds to Tenant of such insurance shall not be used, except with the consent of Landlord, for any purpose other than the repair or replacement of merchandise, fixtures and other property situated within the Demised Premises. Notwithstanding anything to the contrary in this Lease or otherwise, in the event of any damage to any merchandise, equipment, furniture, fixtures, leasehold improvements or other property of Tenant situated within the Demised Premises, including without limitation, any damage caused, in whole or in part, by the acts or omissions of Landlord, Landlord's management company or their respective agents or employees, then Tenant agrees to look solely to the proceeds, if any, accruing from Tenant's own insurance, and Tenant shall have no right or action against Landlord, Landlord's management company or their respective agents or employees on account of any such damage, and no third party shall have any such right by way of assignment, subrogation or otherwise.
Tenant’s Casualty Insurance. Throughout the Term of this Lease, Tenant shall keep the premises and building and all portions thereof, including all fixtures and equipment in or appurtenant to the premises or building essential to the operation and maintenance of the building and operation of the business conducted upon the premises and all alterations, changes or additions thereto, insured for the benefit of the Landlord, Landlord's Mortgagee and Tenant, and naming such parties as insureds as their respective interests may appear, against loss or damage by fire or other casualties covered by a customary "special perils" coverage endorsement in the amount of $504,000.00, and at all times sufficient to meet the coinsurance requirements under such policy, without allowance or deduction for depreciation and with the lowest deductible which is obtainable at reasonable cost. Tenant shall bear the cost of all deductibles. Landlord reserves the right to increase the coverage amount to cover any increase in the value of the premises. During any period in which construction, renovation alteration, or substantial repair work is being performed on the building (of which Tenant shall notify the Landlord), Tenant shall maintain in force builder's all-risk coverage, with fire and extended coverages, including endorsements providing explosion, collapse, and underground coverages, which shall include or shall be written as an endorsement to the casualty coverage required by the preceding sentence. Such builder's all-risk coverage shall protect the interests of Landlord and Tenant Landlord's Mortgagee and Tenant's contractors. Tenant shall further insure all of its personal property, equipment and trade fixtures for the replacement cost thereof, all of which shall be maintained upon the premises throughout the Term at the sole risk of Tenant.
Tenant’s Casualty Insurance. Throughout the Lease Term, Tenant, at its sole cost and expense, shall keep in full force and effect a policy of insurance with a company authorized to do business in New Jersey and with a rating -7-
