Common use of Tenant's Fire Insurance Clause in Contracts

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.

Appears in 2 contracts

Sources: Lease Agreement (Forevergreen Worldwide Corp), Lease Agreement (Whole Living Inc)

Tenant's Fire Insurance. Tenant at its cost shall maintain on all its personal property, Tenant’s '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 at least eighty percent (80%) 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 's improvements or alterations.

Appears in 1 contract

Sources: Lease Agreement (Medcross Inc)

Tenant's Fire Insurance. Tenant at its cost shall maintain on all its personal property, Tenant’s improvements, 's improvements and alterations, in, on, or about the Premises, premises a policy of standard fire and extended coverage insurance, with vandalism and malicious mischief endorsements, to the extent of at least 90% of their full replacement value. Unless this Lease is terminated pursuant to the provisions The proceeds 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 's improvements or alterations.

Appears in 1 contract

Sources: Standard Industrial Lease (Gateway International Holdings Inc)