Common use of TENANT'S INSURANCE COVERAGES Clause in Contracts

TENANT'S INSURANCE COVERAGES. Tenant will maintain Tenant’s Insurance Coverages at all times during the Term. Tenant’s Insurance Coverages shall be maintained with an insurance carrier and approved of in advance by Landlord, Landlord’s approval not to be unreasonably withheld and to be based on whether the insurance carrier maintains a rating reasonably satisfactory to Landlord from a rating service such as A.M. Best. Tenant may self-insure or insure with an insurance company owned by Foundation Health Systems, Inc., with Landlord’s reasonable consent subject to the provisions of this Article VIII, it being agreed, however, that Tenant may in all events self-insure the risks that would be covered under paragraph 8.01(b) below. Landlord may require Tenant to provide Landlord with a certificate of insurance reflecting the coverages required in the Lease whereby the insurance carrier agrees not to cancel or fail to renew its coverage unless at least 15 days advance Notice is provided to Landlord except 10 days for non-payment of premium. If Tenant shall fail to procure Tenant’s Insurance Coverages or provide Landlord with a certificate of insurance, as Landlord may request under the provisions of this paragraph, Landlord may procure, but without any obligation to do so, any Tenant’s Insurance Coverages and Tenant will pay Landlord the reasonable cost of the same. Tenant’s Insurance Coverages are the following insurance coverages, or such lesser coverages as Landlord may approve of in advance: (a) General public liability insurance coverage in at least the single limit amount of $500,000, with a commercially reasonable deductible, insuring Tenant against all personal injury and property damage claims arising out of any act or omission of Tenant at the Project and such personal injury and property damage claims for which Tenant is required to indemnify Landlord under the provisions of this Lease.

Appears in 1 contract

Samples: Commercial Lease (Health Net Inc)

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TENANT'S INSURANCE COVERAGES. Tenant will maintain Tenant’s 's Insurance Coverages at all times during the Term. Tenant’s 's Insurance Coverages shall be maintained with an insurance carrier licensed to do business in Connecticut and approved Approved of in advance by Landlord, Landlord’s approval 's Approval not to be unreasonably withheld and to be based on whether the insurance carrier maintains a rating reasonably satisfactory to Landlord from a rating service such as A.M. Best. Landlord may require Tenant may self-insure or insure with to name Landlord as an insurance company owned by Foundation Health Systems, Inc., with Landlord’s reasonable consent subject additional insured on Tenant's public liability policy and as a loss payee (to the provisions extent of this Article VIII, it being agreed, however, that Tenant may in all events self-insure damage to the risks that would be covered under paragraph 8.01(brealty) belowon Tenant's property insurance policy. Landlord may require Tenant to provide Landlord with a copy of the policy or policies evidencing Tenant's Insurance Coverages and Tenant shall provide Landlord (prior to the Actual Commencement Date) with a certificate of insurance reflecting the coverages required in the Lease whereby the insurance carrier agrees not to cancel or fail to renew its coverage unless at least 15 days advance Notice is provided to Landlord except 10 days for non-payment of premiumLandlord. If Tenant shall fail to procure Tenant’s 's Insurance Coverages or provide Landlord with the copy of an insurance policy or a certificate of insurance, as Landlord may request under the provisions of this paragraph, Landlord may procure, but without any obligation to do so, any Tenant’s 's Insurance Coverages and Tenant will pay Landlord the reasonable cost of the same. Tenant’s 's Insurance Coverages are the following insurance coverages, or such lesser coverages as Landlord may approve of in advance: (a) General public liability insurance coverage in at least the single limit amount of $500,000, with a commercially reasonable without deductible, insuring Tenant against all personal injury and property damage claims arising out of any act or omission of Tenant at the Project and such personal injury and property damage claims for which Tenant is required to indemnify Landlord under the provisions of this Lease. (b) All-risk property insurance insuring at least the full replacement value (less a commercially reasonable deductible not to exceed $2,000) of all of Tenant's personal property at the Project and all fixtures and improvements forming a part of and located within the boundaries of the Leased Premises.

Appears in 1 contract

Samples: Commercial Lease (Linkon Corp)

TENANT'S INSURANCE COVERAGES. Tenant will maintain Tenant’s 's Insurance Coverages at all times during the Term. Tenant’s 's Insurance Coverages shall be maintained with an insurance carrier licensed to do business in Connecticut and approved Approved of in advance by Landlord, Landlord’s approval 's Approval not to be unreasonably withheld and to be based on whether the insurance carrier maintains a rating reasonably satisfactory to Landlord from a rating service such as A.M. Best. Landlord may require Tenant may self-insure or insure with to name Landlord as an insurance company owned by Foundation Health Systems, Inc., with Landlord’s reasonable consent subject additional insured on Tenant's public liability policy and as a loss payee (to the provisions extent of this Article VIII, it being agreed, however, that Tenant may in all events self-insure damage to the risks that would be covered under paragraph 8.01(brealty) belowon Tenant's property insurance policy. Landlord may require Tenant to provide Landlord with a copy of the policy or policies evidencing Tenant's Insurance Coverages and Tenant shall provide Landlord (prior to the Actual Commencement Date) with a certificate of insurance reflecting the coverages required in the Lease whereby the insurance carrier agrees not to cancel or fail to renew its coverage unless at least 15 days advance Notice is provided to Landlord except 10 days for non-payment of premiumLandlord. If Tenant shall fail to procure Tenant’s 's Insurance Coverages or provide Landlord with the copy of an insurance policy or a certificate of insurance, as Landlord may request under the provisions of this paragraph, Landlord may procure, but without any obligation to do so, any Tenant’s 's Insurance Coverages and Tenant will pay Landlord landlord the reasonable cost of the same. Tenant’s 's Insurance Coverages are the following insurance coverages, or such lesser coverages as Landlord may approve of in advance: (a) General public liability insurance coverage in at least the single limit amount of $500,000, with a commercially reasonable without deductible, insuring Tenant against all personal injury and property damage claims arising out of any act or omission of Tenant at the Project and such personal injury and property damage claims for which Tenant is required to indemnify Landlord under the provisions of this Lease. (b) All-risk property insurance insuring at least the full replacement value (less a commercially reasonable deductible not to exceed $2,000) of all of Tenant's personal property at the Project and all fixtures and improvements forming a part of and located within the boundaries of the Leased Premises.

Appears in 1 contract

Samples: Commercial Lease (Linkon Corp)

TENANT'S INSURANCE COVERAGES. Tenant will maintain Tenant’s 's Insurance Coverages at all times during the Term. Tenant’s 's Insurance Coverages shall be maintained with an insurance carrier licensed to do business in Connecticut and approved Approved of in advance by Landlord, Landlord’s approval 's Approval not to be unreasonably withheld OR DELAYED and to be based on whether the insurance carrier maintains a rating reasonably satisfactory to Landlord from a rating service such as A.M. Best. Landlord may require Tenant may self-insure or insure with to name Landlord as an insurance company owned by Foundation Health Systems, Inc., with Landlord’s reasonable consent subject additional insured on Tenant's public liability policy and as a loss payee (to the provisions extent of this Article VIII, it being agreed, however, that Tenant may in all events self-insure damage to the risks that would be covered under paragraph 8.01(brealty) belowon Tenant's property insurance policy. Landlord may require Tenant to provide Landlord with a copy of the policy or policies evidencing Tenant's Insurance Coverages and Tenant shall provide Landlord (prior to the Actual Commencement Date) with a certificate of insurance reflecting the coverages required in the Lease whereby the insurance carrier agrees not to cancel or fail to renew its coverage unless at least 15 days advance Notice is provided to Landlord except 10 days for non-payment of premiumLandlord. If Tenant shall fail to procure Tenant’s 's Insurance Coverages or provide Landlord with the copy of an insurance policy or a certificate of insurance, as Landlord may request under the provisions of this paragraph, Landlord may procure, but without any obligation to do so, any Tenant’s 's Insurance Coverages and Tenant will pay Landlord the reasonable cost of the same. Tenant’s 's Insurance Coverages are the following insurance coverages, or such lesser coverages as Landlord may approve of in advance: (a) General public liability insurance coverage in at least the single limit amount of $500,000, with a commercially reasonable deductible, insuring Tenant against all personal injury and property damage claims arising out of any act or omission of Tenant at the Project Leased Premises and such personal injury and property damage claims for which Tenant is required to indemnify Landlord under the provisions of this Lease. (b) All-risk property insurance insuring at least the full replacement value (less a commercially reasonable deductible not to exceed $2,000) of all of Tenant's personal property at the Leased Premises and all fixtures and improvements forming a part of and located within the boundaries of the Leased Premises.

Appears in 1 contract

Samples: Commercial Lease (Clayton Holdings Inc)

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TENANT'S INSURANCE COVERAGES. Tenant will maintain Tenant’s 's Insurance Coverages at all times during the Term. Tenant’s 's Insurance Coverages shall be maintained with an insurance carrier licensed to do business in Connecticut and approved Approved of in advance by Landlord, Landlord’s approval 's Approval not to be unreasonably withheld and to be based on whether the insurance carrier maintains a rating reasonably satisfactory to Landlord from a rating service such as A.M. Best. Landlord may require Tenant may self-insure or insure with to name Landlord as an insurance company owned by Foundation Health Systems, Inc., with Landlord’s reasonable consent subject additional insured on Tenant's public liability policy and as a loss payee (to the provisions extent of this Article VIII, it being agreed, however, that Tenant may in all events self-insure damage to the risks that would be covered under paragraph 8.01(brealty) belowof Tenant's property insurance policy. Landlord may require Tenant to provide Landlord with a copy of the policy or policies evidencing Tenant's Insurance Coverages and Tenant shall provide Landlord (prior to the Actual Commencement Date) with a certificate of insurance reflecting the coverages required in the Lease whereby the insurance carrier agrees not to cancel or fail to renew its coverage unless at least 15 days advance Notice is provided to Landlord except 10 days for non-payment of premiumLandlord. If Tenant shall fail to procure Tenant’s 's Insurance Coverages or provide Landlord with the copy of an insurance policy or a certificate of insurance, as Landlord may request under the provisions of this paragraph, Landlord may procure, but without any obligation to do so, any Tenant’s 's Insurance Coverages and Tenant will pay Landlord the reasonable cost of the same. Tenant’s 's Insurance Coverages are the following insurance coverages, or such lesser coverages as Landlord may approve of in advance: (a) General public liability insurance coverage in at least the single limit amount of $500,000, with a commercially reasonable without deductible, insuring Tenant against all personal injury and property damage claims arising out of any act or omission of Tenant at the Project and such personal injury and property damage claims for which Tenant is required to indemnify Landlord under the provisions of this Lease. (b) All-risk property insurance insuring at least the full replacement value (less a commercially reasonable deductible not to exceed $2,000) of all of Tenant's personal property at the Project and all fixtures and improvements forming a part of and located within the boundaries of the Leased Premises.

Appears in 1 contract

Samples: Commercial Lease (Intek Information Inc)

TENANT'S INSURANCE COVERAGES. Tenant will maintain Tenant’s 's Insurance Coverages at all times during the Term. Tenant’s 's Insurance Coverages shall be maintained with an insurance carrier licensed to do business in Connecticut and approved Approved of in advance by Landlord, Landlord’s approval 's Approval not to be unreasonably withheld or delayed and to be based on whether the insurance carrier maintains a rating reasonably satisfactory to Landlord from a rating service such as A.M. Best. Landlord may require Tenant may self-insure or insure with to name Landlord as an insurance company owned by Foundation Health Systems, Inc., with Landlord’s reasonable consent subject additional insured on Tenant's public liability policy and as a loss payee (to the provisions extent of this Article VIII, it being agreed, however, that Tenant may in all events self-insure damage to the risks that would be covered under paragraph 8.01(brealty) belowon Tenant's property insurance policy. Landlord may require Tenant to provide Landlord with a copy of the policy or policies evidencing Tenant's Insurance Coverages and Tenant shall provide Landlord (prior to the Actual Commencement Date) with a certificate of insurance reflecting the coverages required in the Lease whereby the insurance carrier agrees not to cancel or fail to renew its coverage unless at least 15 days advance Notice is provided to Landlord except 10 days for non-payment of premiumLandlord. If Tenant shall fail to procure Tenant’s 's Insurance Coverages or provide Landlord with the copy of an insurance policy or a certificate of insurance, as Landlord may request under the provisions of this paragraph, Landlord may procure, but without any obligation to do so, any Tenant’s 's Insurance Coverages and Tenant will pay Landlord the reasonable cost of the same. Tenant’s 's Insurance Coverages are the following insurance coverages, or such lesser coverages as Landlord may approve of in advance: (a) General public liability insurance coverage in at least the single limit amount of $500,000, with a commercially reasonable deductible, insuring Tenant against all personal injury and property damage claims arising out of any act or omission of Tenant at the Project Leased Premises and such personal injury and property damage claims for which Tenant is required to indemnify Landlord under the provisions of this Lease. (b) All-risk property insurance insuring at least the full replacement value (less a commercially reasonable deductible not to exceed $2,000) of all of Tenant's personal property at the Leased Premises and all fixtures and improvements forming a part of and located within the boundaries of the Leased Premises,

Appears in 1 contract

Samples: Assignment of Lease (Clayton Holdings Inc)

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