Common use of Tenant’s Insurance Obligations Clause in Contracts

Tenant’s Insurance Obligations. Tenant shall, during the term hereof, keep in full force and effect at its expense the following insurance coverages: (1) Property insurance, including plate glass coverage, written on the Insurance Service Office’s Special Perils form, or equivalent, covering the full replacement value of (a) Tenant’s personal property, goods, inventory, supplies, signs, furniture, and moveable trade fixtures, equipment and machinery (collectively, “Tenant’s Personal Property”), and (b) Improvements (defined herein) Tenant is required to remove at Lease expiration or termination pursuant to Section 11.F. herein; (2) Commercial General Liability insurance in an amount of not less than $1,000,000 per “occurrence” and $2,000,000 “aggregate” for the Premises, insuring Tenant and its Affiliated Parties against liability for bodily injury, death, personal injury, and including contractual liability coverage. The amount of such liability insurance shall not limit Tenant’s liability under this Lease. Such policy or policies shall name Landlord and CSM Corporation (or Landlord’s other designated management agent) and upon request, Landlord’s designated mortgagee, as additional insureds and shall provide that thirty (30) days’ prior written notice must be given to Landlord prior to modification or cancellation of such policy of insurance. Tenant shall furnish evidence satisfactory to Landlord at the time this Lease is executed, and thereafter from time to time within ten (10) days after written request by Landlord, that such coverages are in full force and effect. Within ten (10) days after written request by Landlord, Tenant shall also provide Landlord with a copy of such policies of insurance. All such insurance carried by Tenant shall be issued by companies having an A.M. Best Company rating B+ or better.

Appears in 2 contracts

Samples: Lease Agreement (Sunshine Heart, Inc.), Lease Agreement (CSAV Holding Corp.)

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Tenant’s Insurance Obligations. Tenant shall, during the term hereof, keep in full force and effect at its expense the following insurance coverages: (1) Property insurance, including plate glass coverage, insurance written on the Insurance Service Office’s 's Special Perils form, or equivalent, covering the full replacement value of Tenant's property (a) Tenant’s personal propertyincluding, but not limited to, any furniture, machinery, goods, inventory, inventory or supplies, signs, furniture, and moveable trade fixtures, equipment and machinery (collectively, “Tenant’s Personal Property”), trade fixtures and (b) Improvements (defined herein) Tenant is required tenant installed or paid for improvements to remove at Lease expiration or termination pursuant to Section 11.F. hereinthe Premises and including plate glass insurance; (2) Commercial General Liability insurance in an amount of not less than $1,000,000 per "occurrence" and $2,000,000 "aggregate” for the Premises" per location, insuring Tenant Tenant, its employees, agents, contractors and its Affiliated Parties invitees against liability for bodily injury, death, personal injury, and including contractual liability coveragecoverage pertaining to Tenant's obligations under this Lease. The amount of such liability insurance shall not limit Tenant’s 's liability under this Lease. Such policy or policies shall name Landlord and Landlord, CSM Corporation (or Landlord’s 's other designated management agent) and upon request), Landlord’s 's designated mortgagee, and such other parties as Landlord may reasonably request as additional insureds and shall provide that thirty (30) days' prior written notice must be given to Landlord prior to modification or cancellation of such policy of insurance. Tenant shall furnish evidence satisfactory to Landlord at the time this Lease is executed, and thereafter from time to time within ten (10) days after upon written request by of Landlord, that such coverages are in full force and effect. Within ten (10) days after written request by Upon Landlord's request, Tenant shall also provide Landlord with a copy of such policies of insurance. All such insurance carried by Tenant shall be issued by companies reasonably acceptable to Landlord having an A.M. Best Company rating B+ or better.

Appears in 1 contract

Samples: Lease Agreement (Quantech LTD /Mn/)

Tenant’s Insurance Obligations. Tenant shall, during the term hereof, keep in full force and effect at its expense the following insurance coverages: (1) Property insurance, including plate glass coverage, written on the Insurance Service Office’s Special Perils form, or equivalent, covering the full replacement value of (a) Tenant’s personal property, goods, inventory, supplies, signs, furniture, and moveable trade fixtures, equipment and machinery (collectively, “Tenant’s Personal Property”), and (b) Improvements (defined herein) Tenant is required to remove at Lease expiration or termination pursuant to Section 11.F. herein; (2) Commercial General Liability insurance in an amount of not less than $1,000,000 per “occurrence” and $2,000,000 “aggregate” for the Premises, insuring Tenant and its Affiliated Parties against liability for bodily injury, death, personal injury, and including contractual liability coverage. The amount of such liability insurance shall not limit Tenant’s liability under this Lease. Such policy or policies shall name Landlord and CSM Corporation (or Landlord’s other designated management agent) and upon request, Landlord’s designated mortgagee, as additional insureds and shall provide that thirty (30) days’ prior written notice must be given to Landlord prior to modification or cancellation of such policy of insurance. Tenant shall furnish evidence satisfactory to Landlord at the time this Lease is executed, and thereafter from time to time within ten twenty (1020) days after written request by Landlord, that such coverages are in full force and effect. Within ten (10) days after written request by Landlord, Tenant shall also provide Landlord with a certificate of insurance, and in the event of a claim against the Landlord’s insurance, a copy of such policies of insurance. All such insurance carried by Tenant shall be issued by companies having an A.M. Best Company rating B+ or better.

Appears in 1 contract

Samples: Lease Agreement (Secure Computing Corp)

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Tenant’s Insurance Obligations. Tenant shall, during the term hereof, keep in full force and effect at its expense the following insurance coverages: (1) Property insurance, including plate glass coverage, written on the Insurance Service Office’s 's Special Perils form, or equivalent, covering the full replacement value of (a) Tenant’s 's personal property, goods, inventory, supplies, signs, furniture, and moveable trade fixtures, equipment and machinery (collectively, "Tenant’s 's Personal Property"), and (b) Improvements (defined herein) Tenant is required to remove at Lease expiration or termination pursuant to Section SECTION 11.F. herein; (2) Commercial General Liability insurance in an amount of not less than $1,000,000 per "occurrence" and $2,000,000 "aggregate" for the Premises, insuring Tenant and its Affiliated Parties against liability for bodily injury, death, personal injury, and including contractual liability coverage. The amount of such liability insurance shall not limit Tenant’s 's liability under this Lease. Such policy or policies shall name Landlord and CSM Corporation (or Landlord’s other designated 's management agent) , if any, and upon request, Landlord’s 's designated mortgagee, as additional insureds and shall provide that thirty (30) days' prior written notice must be given to Landlord prior to modification or cancellation of such policy of insurance. Tenant shall furnish evidence certificates satisfactory to Landlord at the time this Lease is executed, and thereafter from time to time within ten (10) days after written request by Landlord, evidencing that such coverages are in full force and effect. Within ten (10) days after written request by Landlord, Tenant shall also provide Landlord with a copy of such policies of insurance. All such insurance carried by Tenant shall be issued by companies having an A.M. Best Company rating B+ or better.

Appears in 1 contract

Samples: Purchase Agreement (Lectec Corp /Mn/)

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