TENANT’S INSURANCE CRITERIA. All insurance required to be maintained by Tenant under this Lease shall conform to the following criteria: (a) Tenant's insurance shall be issued by insurance companies authorized to do business in the State of California with a financial rating of at least B+ for any property insurance and at least B+ for any liability insurance, as rated in the most recent edition of Best's Insurance Reports; (b) Tenant's insurance shall be issued as primary and noncontributory; (c) Tenant's liability and property insurance policies shall name Landlord as the additional named insured and Landlord, Landlord's agents, and any ground lessors and Holders (as such terms are defined in Section 27) whose names shall have been furnished to Tenant as additional named insureds; (d) Tenant's insurance shall contain an endorsement requiring at least thirty (30) days written notice from the insurance company to each insured and additional insured before cancellation or any material change in the coverage, scope, or amount of any policy; and (e) with respect to damage to or loss of Tenant's Business Personal Property, a waiver of subrogation must be obtained, as required under Section 14 below.
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Samples: Commercial Office Lease (Ask Jeeves Inc), Commercial Office Lease (Ask Jeeves Inc), Commercial Office Lease (Ask Jeeves Inc)
TENANT’S INSURANCE CRITERIA. All insurance required to be maintained by Tenant under this Lease shall conform to the following criteria:
(ai) Tenant's ’s insurance shall be issued by insurance companies authorized to do business in the State of California with a financial rating of at least B+ A:XIII for any property insurance and at least B+ A-:IX for any liability insurance, as rated in the most recent edition of Best's ’s Insurance Reports;
(bii) Tenant's ’s insurance shall be issued as primary and noncontributory;
(ciii) Tenant's ’s liability and property insurance policies shall name Landlord Tenant as the additional named insured and Landlord, Landlord's ’s agents, and any ground lessors Lessors and Holders (as such terms are defined in Section 27§ 18.1 below) whose names shall have been furnished to Tenant as additional named insureds;
(div) Tenant's ’s insurance shall contain an endorsement requiring at least thirty (30) days days’ written notice from the insurance company to each insured and additional insured before cancellation or any material change in the coverage, scope, or amount of any policy; and
(ev) with respect to damage to or loss of Tenant's ’s Business Personal Property, a waiver of subrogation must be obtained, as required under Section 14 § 14.4 below.
Appears in 3 contracts
Samples: Office Lease (Sunesis Pharmaceuticals Inc), Commercial Sublease Agreement (Sunesis Pharmaceuticals Inc), Commercial Sublease Agreement (Sunesis Pharmaceuticals Inc)
TENANT’S INSURANCE CRITERIA. All insurance required to be maintained by Tenant under this Lease shall conform to the following criteria:
(ai) Tenant's ’s insurance shall be issued by insurance companies authorized to do business in the State of California with a financial rating of at least B+ A:XIII for any property insurance and at least B+ A-:IX for any liability insurance, as rated in the most recent edition of Best's ’s Insurance Reports;
(bii) Tenant's ’s insurance shall be issued as primary and noncontributoryprimary;
(ciii) Tenant's ’s liability and property insurance policies shall name Landlord Tenant as the additional named insured and Landlord, Landlord's ’s agents, and any ground lessors Lessors and Holders (as such terms are defined in Section 27§ 18.1 below) whose names shall have been furnished to Tenant as additional named insureds;
(div) Tenant's ’s insurance shall contain an endorsement requiring at least thirty (30) days days’ written notice from the insurance company to each insured and additional insured before cancellation or any material change in the coverage, scope, or amount of any coverage or policy; and
(ev) with respect to damage to or loss of Tenant's ’s Business Personal Property, a waiver of subrogation must be obtained, as required under Section 14 § 14.4 below.
Appears in 3 contracts
Samples: Sublease (Transcept Pharmaceuticals Inc), Office Lease (Novacea Inc), Sublease (Transcept Pharmaceuticals Inc)
TENANT’S INSURANCE CRITERIA. All insurance required to be maintained by Tenant under this Lease shall conform to the following criteria:
(ai) Tenant's ’s insurance shall be issued by insurance companies authorized to do business in the State of California with a financial rating of at least B+ for any property insurance and at least B+ for any liability insurance, as rated in the most recent edition of Best's ’s Insurance Reports;
(bii) Tenant's ’s insurance shall be issued as primary and noncontributory;
(ciii) Tenant's ’s liability and property insurance policies shall name Landlord Tenant as the additional named insured and Landlord, Landlord's ’s agents, and any ground lessors and Holders (as such terms are defined in Section 27§ 26) whose names shall have been furnished to Tenant as additional named insureds;
(div) Tenant's ’s insurance shall contain an endorsement requiring at least thirty (30) days days’ written notice from the insurance company to each insured and additional insured before cancellation or any material change in the coverage, scope, or amount of any policy; and
(e) and with respect to damage to or loss of Tenant's ’s Business Personal Property, a waiver of subrogation must be obtained, as required under Section § 14 below.
Appears in 2 contracts
Samples: Office Lease (Aduro Biotech, Inc.), Office Lease (Aduro Biotech, Inc.)
TENANT’S INSURANCE CRITERIA. All insurance required to be maintained by Tenant under this Lease shall conform to the following criteria:
(ai) Tenant's insurance shall be issued by insurance companies authorized to do business in the State of California with a financial rating of at least B+ A:XIII for any property insurance and at least B+ A-:IX for any liability insurance, as rated in the most recent edition of Best's Insurance ReportsBEST'S INSURANCE REPORTS;
(bii) Tenant's insurance shall be issued as primary and noncontributory;
(ciii) Tenant's liability and property insurance policies shall name Landlord Tenant as the additional named insured and Landlord, Landlord's agents, and any ground lessors Lessors and Holders (as such terms are defined in Section 27ss. 18.1 below) whose names shall have been furnished to Tenant as additional named insureds;
(div) Tenant's insurance shall contain an endorsement requiring at least thirty (30) days days' written notice from the insurance company to each insured and additional insured before cancellation or any material change in the coverage, scope, or amount of any policy; and
(ev) with respect to damage to or loss of Tenant's Business Personal Property, a waiver of subrogation must be obtained, as required under Section 14 ss. 14.4 below.
Appears in 1 contract
TENANT’S INSURANCE CRITERIA. All insurance required to be maintained by Tenant under this Lease shall conform to the following criteria:
(ai) Tenant's ’s insurance shall be issued by insurance companies authorized to do business in the State of California with a financial rating of at least B+ A:XIII for any property insurance and at least B+ A -:1X for any liability insurance, as rated in the most recent edition of Best's ’s Insurance Reports;
(bii) Tenant's ’s insurance shall be issued as primary primacy and noncontributory;
(ciii) Tenant's ’s liability and property insurance policies shall name Landlord Tenant as the additional named insured and Landlord, Landlord's ’s agents, and any ground lessors Lessors and Holders (as such terms are defined in Section 27§ 18.1 below) whose names shall have been furnished to Tenant as additional named insureds;
(div) Tenant's ’s insurance shall contain an endorsement requiring at least thirty (30) days days’ written notice from the insurance company to each insured and additional insured before cancellation or any material change in the coverage, scope, or amount of any policy; and
(ev) with respect to damage to or loss of Tenant's ’s Business Personal Property, a waiver of subrogation must be obtained, as required under Section 14 § 14.4 below.
Appears in 1 contract