Common use of Tenant’s Inability to Obtain Insurance Clause in Contracts

Tenant’s Inability to Obtain Insurance. So long as (a) any insurance (except Property Insurance) this Lease requires is, after diligent effort by Tenant, unobtainable at commercially reasonable rates through no act or omission by Tenant; and (b) Tenant obtains the insurance coverage reasonably obtainable and Notifies Landlord of the extent of Tenant’s inability to obtain the full insurance this Lease requires, Tenant’s obligation to procure and maintain such insurance as is unobtainable shall be excused, but only so long as conditions “a” and “b” are satisfied. Notwithstanding the foregoing, if Landlord at any time can procure for Tenant such insurance at commercially reasonable rates at any time after Tenant’s Notice of inability to do so (and before Tenant has withdrawn such Notice), then Tenant shall obtain and maintain such insurance at Tenant’s expense.

Appears in 8 contracts

Samples: Lease, Lease, Lease

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Tenant’s Inability to Obtain Insurance. So long as (a) any insurance (except Property Insurance) this Lease requires is, after diligent effort by Tenant, unobtainable at commercially reasonable rates through no act or omission by Tenant; and (b) Tenant obtains the maximum insurance coverage reasonably obtainable and Notifies Landlord of the extent of Tenant’s inability to obtain the full insurance this Lease requires, Tenant’s obligation to procure and maintain such insurance as is unobtainable shall be excused, but only so long as conditions "a” and “" through "b" are satisfied. Notwithstanding the foregoing, if Landlord at any time can procure for Tenant such insurance at commercially reasonable rates at any time after Tenant’s Notice of inability to do so (and before Tenant has withdrawn such Notice), then Tenant shall obtain and maintain such insurance at Tenant’s expense.

Appears in 2 contracts

Samples: Lease, Lease

Tenant’s Inability to Obtain Insurance. ‌ . So long as (a) any insurance (except Property Insurance) this Lease requires is, after diligent effort by Tenant, unobtainable at commercially reasonable rates through no act or omission by Tenant; and (b) Tenant obtains the insurance coverage reasonably obtainable and Notifies Landlord of the extent of Tenant’s inability to obtain the full insurance this Lease requires, Tenant’s obligation to procure and maintain such insurance as is unobtainable shall be excused, but only so long as conditions “a” and “b” are satisfied. Notwithstanding the foregoing, if Landlord at any time can procure for Tenant such insurance at commercially reasonable rates at any time after Tenant’s Notice of inability to do so (and before Tenant has withdrawn such Notice), then Tenant shall obtain and maintain such insurance at Tenant’s expense.

Appears in 2 contracts

Samples: Lease, Lease

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Tenant’s Inability to Obtain Insurance. So long as (a) any insurance (except Property Insurance) this Lease requires is, after diligent effort by Tenant, unobtainable at commercially reasonable rates through no act or omission by Tenant; and (b) Tenant obtains the maximum insurance coverage reasonably obtainable and Notifies Landlord of the extent of Tenant’s inability to obtain the full insurance this Lease requires, Tenant’s obligation to procure and maintain such insurance as is unobtainable shall be excused, but only so long as conditions "a” and “" through "b" are satisfied. Notwithstanding the foregoing, if Landlord at any time can procure for Tenant such insurance at commercially reasonable rates at any time after Tenant’s Notice of inability to do so (and before Tenant has withdrawn such Notice), then Tenant shall obtain and maintain such insurance at Tenant’s expense.

Appears in 1 contract

Samples: Lease

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