Tenant's Fire Insurance. Tenant, at its cost, shall maintain on all of Tenant's Alterations, Trade Fixtures and Personal Property in, on or about the Premises, a policy of standard All Risk fire insurance, in an amount equal to at least their full replacement cost. The proceeds of any such policy shall be used by Tenant for the restoration of Tenant's Alterations and Trade Fixtures and the replacement of its
Tenant's Fire Insurance. The Tenant, at its own cost and expense, shall insure its own fixtures, equipment and contents, it being expressly understood and agreed that the same is not the responsibility of the Landlord nor shall it be liable therefor.
Tenant's Fire Insurance. Tenant at its cost shall maintain on all its personal property, Tenant’s improvements, and alterations, in, on, or about the Premises, a policy of standard fire and extended coverage insurance, with vandalism and malicious mischief endorsements, to the extent of their full replacement value. Unless this Lease is terminated pursuant to the provisions of Sections 7 or 8 hereof, the proceeds from any such policy shall be used by Tenant for the replacement of personal property or the restoration of Tenant’s improvements or alterations.
Tenant's Fire Insurance. Tenant, at its cost, shall maintain on all of its personal property in, on or about the Leased Premises, a policy of standard fire and extended coverage insurance, to the extent it deems necessary and appropriate. Tenant understands that Landlord has no insurance covering Tenant's personal property.
Tenant's Fire Insurance. Tenant agrees to maintain in force during the Term of this Lease a policy or policies of fire and extended coverage insurance in the case of fire sprinkler leakage, malicious mischief, vandalism and other extended coverage perils, for the full insurable replacement value of all additions and of all office furniture, office equipment, merchandise, and other items of Tenants' property within or on the Leased Premises.
Tenant's Fire Insurance. Tenant shall take out on or prior to the Commencement Date and keep in force during the Lease Term Cause of Loss-Special Form property insurance in an amount sufficient to cover the cost of (a) personal property, trade fixtures, furniture, furnishings, equipment and other Tenant's property (collectively, "Tenant's Personal Property") located at the Building, and (b) all portions of the Premises which is not included within Landlord's Restoration Work (collectively, "Tenant's Restoration Work"). So long as the Guaranty is in full force and effect, Tenant shall have the right to self-insure with respect to Tenant's Personal Property only, but not with respect to Tenant's Restoration Work, upon notice to Landlord given on or before the commencement of each Operating Year, that Tenant has elected to self-insure with respect to Tenant's Personal Property. In such event, Tenant shall provide Landlord with a certificate from a duly authorized officer of Tenant to such effect in lieu of a certificate of insurance with respect to Tenant's Personal Property.
Tenant's Fire Insurance. Tenant agrees that during the entire term of this lease Tenant will procure and keep in full force and effect at Tenant's own expense fire and extended coverage insurance on Tenant's own property including Tenant's leasehold improvements. Landlord agrees to keep the building housing the leased premises insured for fire and extended coverage but the amount of such insurance shall be in the sole discretion of Landlord.
Tenant's Fire Insurance. Tenant agrees to take out and maintain at all times during the Lease Term a policy of fire and extended coverage insurance on its leasehold improvements, alterations, trade fixtures, inventory and other personal property placed in or upon the Demised Premises from time to time in such amounts as are acceptable to Landlord. Such policy shall contain a replacement cost endorsement. Any policy proceeds shall be used for the repair or replacement of the property damaged or destroyed unless this Lease is terminated under the other provisions hereof. A certified copy of such policy or policies shall be delivered to Landlord reflecting the payment of the premiums for such policies. Further, should Tenant fail to deliver Landlord the required insurance policies or certificates of insurance within twenty (20) days after written demand therefore by Landlord, Tenant shall be obligated to pay Landlord a fee equal to $250.00.
Tenant's Fire Insurance. At all times during the Term, Tenant shall keep the trade fixtures, equipment, furnishings, fixtures, improvements and any other personal property furnished and installed by Tenant insured against loss or damage by fire or other casualty, with fire and extended coverage insurance in an amount equal to ninety percent (90%) of the replacement cost thereof, written by one or more responsible insurance companies approved by Landlord and licensed to do business in the State of Texas, which insurance companies shall be rated not less than A+10 by Best Guide Rating, insurance Tenant, and naming as additional insured Landlord and such other persons, firms or corporations as are designated by Landlord. Each such policy shall be noncancellable for any cause without first giving Landlord ten (10) days prior written notice.
Tenant's Fire Insurance. Tenant, at its cost, shall maintain on all buildings and other property, Tenant’s improvements, and Tenant’s alterations, in, on, or about the Premises, a policy of standard fire and extended coverage insurance, with vandalism and malicious mischief endorsements, to the extent of at least 80% of their full replacement value. The proceeds from any such policy shall be used by Tenant for the replacement of such property or the restoration of Tenant’s improvements or alterations. Both Landlord and Tenant shall be named as insureds. The “full replacement value” of the property to be insured under this Paragraph shall be determined by the company issuing the insurance policy at the time the policy is initially obtained. Not more frequently than once every two (2) years, Landlord or Tenant shall have the right to notify the other party that it elects to have the replacement value determined by the insurance company. The re-determination shall be made promptly and in accordance with the rules and practices of the Board of Fire Underwriters, or a like board recognized and generally accepted by the insurance company, and each party shall be promptly notified of the results. The insurance policy shall be adjusted according to the re-determination. Landlord shall, upon the request of Tenant, execute and deliver to the insurance company and Tenant all authorizations and assignments required to permit insurance proceeds to be paid to Tenant for use for restoration or replacement. Tenant shall have no obligation to incur any costs to restore the Premises beyond the amount of insurance proceeds actually received.
