Tenants Insurance Coverage. Tenant shall, at all times during the term of this Lease, and at Tenant's own cost and expense, procure and continue in force the following insurance coverage:
(a) Commercial general liability insurance with a combined single limit for bodily injury and property damage of not less than One Million Dollars ($1,000,000) per occurrence and Two Million Dollars ($2,000,000) in the aggregate, including, without limitation, contractual liability coverage for the performance by Tenant of the indemnity agreement set forth in ARTICLE 16.
(b) Insurance covering any buildings and all improvements on each of the Premises, including Tenant’s leasehold improvements and personal property in or upon each such Premises in an amount not less than one hundred percent (100%) of full replacement cost, providing protection against any peril generally included within the classification “Fire and Extended Coverage,” together with insurance against sprinkler damage, vandalism and malicious mischief and a standard inflation guard endorsement. Tenant hereby assigns to Landlord any and all proceeds payable with respect to such policies except to the extent such proceeds are payable with respect to any property that would remain the property of Tenant upon the termination of this Lease; provided, however, that to the extent required pursuant to the provisions of ARTICLE 15, such proceeds shall be made available to Tenant and applied to the repair and restoration of the Premises with respect to which such proceeds are payable.
(c) Worker's compensation insurance satisfying Tenant's obligations under the worker's compensation laws of the State of Utah.
(d) Such other policy or policies of insurance with respect to each Premises as Landlord may reasonably require in accordance with commercially reasonable practices for premises and in geographical areas similar to such Premises. Such minimum limits shall in no event limit the liability of Tenant under this Lease. Such liability insurance shall name Landlord, and any other person specified from time to time by Landlord, as an additional insured; such property insurance shall name Landlord as a loss payee as Landlord’s interest may appear; and both such liability and property insurance shall be with companies licensed to do business in Utah reasonably acceptable to Landlord. All liability policies maintained by Tenant shall contain a provision that Landlord and any other additional insured, although named as an insured, shall nevertheless b...
Tenants Insurance Coverage. Tenant shall, at all times during the term of this Lease, and at Tenant's own cost and expense, procure and continue in force the following insurance coverage:
(a) Comprehensive liability insurance with limits of not less than $500,000.00 per person and $500,000.00 per occurrence insuring against any and all liability of the insured with respect to the Premises or arising out of the maintenance, use or occupancy thereof, and property damage liability insurance with a limit of not less than $500,000.00 per accident or occurrence. Landlord shall
(b) Insurance covering any buildings and all improvements on the Premises, including Tenant's leasehold improvements and personal property in or upon the Premises in an amount not less than one hundred percent (100%) of full replacement cost, providing protection against any peril generally included within the classification "Fire and Extended Coverage", together with insurance against sprinkler damage, vandalism and malicious mischief and a standard inflation guard endorsement. Tenant hereby assigns Landlord any and all proceeds payable with respect to such policies except to the extent such proceeds are payable with respect to any property that would remain the property of Tenant upon the termination of this Lease; provided, however, that to the extent required pursuant to the provisions of Article XIV, such proceeds shall be applied to the repair and restoration of the Premises.
Tenants Insurance Coverage. Tenant covenants that it shall maintain throughout the Term, at Tenant's expense, policies of (i) commercial general public liability insurance having initial limits of not less than $5,000,000 per occurrence and annual aggregate combined single limit for bodily injury and property damage, with a severability of interest endorsement, and with increases in such limits as may from time to time be commercially common for tenants of first-class office buildings in the Northern Virginia area, and (ii) all-risk or fire and extended coverage insurance upon Tenant's personal property and leasehold improvements in the Premises for the full replacement value of such personal property and leasehold improvements. Such policies shall name Landlord (and, if available, Landlord's mortgagees from time to time) as an additional insured party and shall provide that the policies shall not be cancelable without at least 30 days' prior written notice to Landlord and shall be issued by insurers licensed to do business in Virginia and having a Best's rating of A-XII or higher. Tenant shall furnish Landlord with certificates of insurance to evidence the existence of such coverage.
Tenants Insurance Coverage. The Tenant agrees that is shall at its own expense, obtain and maintain in full force and effect during each year of this Agreement and any renewal thereof, and for an additional three (3) years following the termination of this Agreement or any renewal thereof, the following policies of insurance coverage:
Tenants Insurance Coverage. Tenant further covenants and agrees that it will carry and maintain in full force and effect during the entire term hereof, at Tenant’s sole cost and expense, the following insurance coverages, in the amounts specified and in the form hereinafter provided:
Tenants Insurance Coverage. (A) Tenant shall maintain at Tenant’s sole cost and expense during the Term and any Option Term public liability insurance covering the Premises in the amount of $1,000,000.00 for injury and/or death to any one person and $2,000,000.00 for injury and/or death to any number of persons in any one accident and property damage insurance in an amount of $500,000.00 in companies authorized to do business in New Jersey and reasonably satisfactory to Landlord. Tenant shall also keep in force rent insurance, as well as fire and extended coverage insurance for the full replacement value of any alterations, additions and improvements, trade fixtures and Tenant's personal property. In addition, Tenant shall keep in force workers compensation to the extent required by law and employers liability and contractual liability insurance.
(B) All such insurance policies shall list Landlord as an additional insured or loss payee, as may be applicable, except for the workers compensation and employers liability policies. Each insurance policy also shall require the insurer to waive all right of recovery by way of subrogation against Landlord in connection with any loss or damage covered by such policy. At least five days prior to the Commencement Date, Tenant shall deliver to Landlord copies of all insurance policies that Tenant is required to maintain hereunder and certificates or other evidence of insurance for each such policy with an indication that Landlord shall receive at least 30 days prior written notice before the policy or policies in question may be altered or canceled.
Tenants Insurance Coverage. Tenant, at its sole cost and expense, shall obtain and maintain in full force and effect throughout the Term, any insurance coverage required to be maintained by Sublessor as tenant under the Lease. Tenant shall maintain such insurance coverage in compliance with the minimum limits and such other terms and conditions set forth in the Lease, including, without limitation, insuring Sublessor, Landlord, and Landlord’s agent as additional insureds. Without derogating from the generality of the foregoing, Tenant expressly agrees to comply with the terms, conditions, requirements, and obligations set forth in Article 45 of the Lease and Schedule 2 attached to the Lease. The insurance requirements set forth in this Section 9.1 are independent of any waiver, indemnification, and other obligations of Tenant under this Agreement, and shall not be construed or interpreted in any way as restricting, limiting, or modifying any waiver, indemnification, or other obligations or liabilities of Tenant under this Agreement. All such insurance policies shall be issued by financially responsible companies that are reasonably satisfactory to Sublessor and Landlord, that are duly licensed and qualified to do business within the state in which the Property is located, and otherwise comply with any applicable terms and conditions set forth in the Lease. Tenant shall deposit certificates of such required insurance with Sublessor prior to the earlier to occur of either the Commencement Date or Tenant’s occupancy of the Subleased Premises, and thereafter, at least thirty (30) days prior to the expiration of any such policy, or such longer period required under the Lease, Tenant shall provide Sublessor with a replacement certificate evidencing the renewal of such policy.
Tenants Insurance Coverage. Commencing on the Lease --------------------------- Commencement Date and continuing throughout the Lease Term, Tenant shall, during the Lease Term, at Tenant's sole cost and expense, procure and keep in force the following insurance:
(a) All risk" property, fire, extended coverage, and special extended insurance (including without limitation vandalism, malicious mischief, and inflation endorsement, an endorsement providing coverage for any increased cost by reason of any ordinance or law, sprinkler leakage endorsement, and boiler and machinery coverage) on the Premises, including without limitations Landlord's Improvements, Tenant's Improvements, and all equipment, trade fixtures, inventory, fixtures and personal property located on or in the Premises, including any alterations or fixtures hereinafter constructed or installed by Tenant on the Premises. Such insurance shall be in the amount of the full replacement value of the aggregate of the foregoing, as the same may from time to time increase as a result of inflation or otherwise;
(b) Full coverage plate glass insurance;
(c) Comprehensive general liability insurance protecting against any and all claims for personal injury, death, property damage, or other liabilities related to the condition, use or occupancy of the Premises, except to the extent such claim arises from Landlord's negligence or misconduct, or to Tenant's operations on the Premises, with a combined single limit of not less than Five Million Dollars ($5,000,000) , and including a standard ISO extended liability endorsement; and
(d) Such other insurance as required by law, including without limitation, worker's compensation insurance.
Tenants Insurance Coverage. Tenant shall, at all times during the Term, and at Xxxxxx’s own expense, maintain and continue in force the following insurance coverage:
(a) Comprehensive general liability insurance with a combined single limit of not less than Three Million Dollars ($3,000,000.00) per occurrence insuring against any and all liability of the insured with respect to the Premises or arising out of the maintenance, use or occupancy thereof, and property damage liability insurance with a limit of not less than Three Million Dollars ($3,000,000.00) per accident or occurrence.
(b) Insurance covering any buildings and all improvements on the Premises, including Xxxxxx’s leasehold improvements and personal property in or upon the Premises in an amount not less than one hundred percent (100%) of full replacement cost, providing protection against any peril generally included within the classification “Builders All-Risk” or ‘Tire and Extended Coverage”, together with insurance against sprinkler damage, vandalism and malicious mischief and a standard inflation guard endorsement.
Tenants Insurance Coverage. Tenant shall carry insurance against fire and such other risks as are from time to time included in standard extended coverage insurance for the full insurable value of the Demised Premises. Tenant shall also carry said insurance for the fill insurable value of Tenant's merchandise, trade fixtures, furnishings, wall covering, carpeting, drapes, equipment and all other items of personal property of Tenant located on or within the Demised Premises. Any insurance policies required to be carried pursuant to this paragraph shall name Landlord and Landlord's mortgagee or lender as an additional insured and shall name Landlord and Landlord's mortgagee or lender as a loss payee, and Tenant shall furnish Landlord evidence of such insurance coverage. Such insurance policies may not be modified or terminated without thirty (30) days advance notice to Landlord.
