Common use of Tenant's Insurance Policies Clause in Contracts

Tenant's Insurance Policies. All insurance carried by Tenant pursuant to this Section 8 shall be with responsible carriers having a rating of A and VIII, or better, in Best's Insurance Reports, licensed in the State in which the Building is located, and otherwise acceptable to Landlord. Tenant shall promptly deliver to Landlord a certified copy of each such policy. No policy shall be cancelable or subject to reduction of coverage or other material modification, except after thirty (30) days' prior written notice to Landlord. Tenant shall, at least thirty (30) days prior to the expiration of any policy, furnish Landlord with a renewal certificate for such policy or a binder for a replacement policy; otherwise Landlord may obtain the required insurance either separately or under an existing policy of Landlord, and in either case, Tenant shall reimburse Landlord as Additional Rent for the premium resulting from such cure within ten (10) days after Landlord's written demand therefor. All public liability and casualty policies of Tenant shall be written as primary policies that do not contribute to and are not in excess of coverage that Landlord may carry. All public liability policies shall contain a provision that Landlord shall nevertheless be entitled to recover under the policies for any loss occasioned to it, its servants, agents and employees by reason of the negligence of Tenant or any other named insured. Any insurance provided for may be effected by a policy or policies of blanket insurance, covering additional items or locations; provided, however, that (i) Landlord shall be named as an additional insured thereunder; (ii) the coverage afforded Landlord will not be reduced or diminished by reason of the use of such blanket policy; (iii) any such casualty policy shall specify therein (or Tenant shall furnish Landlord with a written statement from the insurer under such policy specifying) the amount of the total insurance allocated to Tenant's property at the Premises (and any plate glass); and (iv) the requirements set forth herein are otherwise satisfied. Any insurance policies herein required to be procured by Tenant shall contain an express waiver of any right of subrogation by the insurance company against Landlord, and all other tenants or occupants of space in the Building and elsewhere on the Property.

Tenant's Insurance Policies. All Tenant shall, at its expense, maintain in full force and effect during the Term, and during any holdover, if applicable, (i) standard fire and extended coverage insurance carried on all of its personal property, including removable trade fixtures, located in the Leased Premises and on any leasehold improvements that are paid for by Tenant pursuant (excluding any improvements paid for through the use of a Landlord-provided allowance) and all other additions and improvements (including fixtures) made by Tenant; and (ii) a policy or policies of commercial general liability insurance, such policy or policies to afford, through primary and/or excess coverage, minimum protection of not less than One Million Dollars ($1,000,000.00) per occurrence for bodily injury and/or property damage, including personal injury and Two Million Dollars ($2,000,000.00) in the aggregate for bodily injury and/or property damage, including personal injury. Each insurance policy required to be maintained by Tenant under this Section 8 Lease shall (i) be with responsible carriers having issued by and binding upon a rating of A and VIII, or better, in Best's Insurance Reports, solvent insurance company licensed to conduct business in the State in which of North Carolina and rated A-:VIII or better by Best’s Key Rating Guide, (ii) have a deductible of no more than Five Thousand Dollars ($5,000.00), (iii) have all premiums fully paid on or before the Building is locateddue dates, (iv) name Landlord, and otherwise acceptable such other persons or entities as Landlord may from time to Landlord. Tenant shall promptly deliver to time designate, as additional insured(s) without restriction, and state that neither Landlord a certified copy of each nor any such policy. No policy other designated person or entity shall be responsible for the payment of any premiums for the insurance policy, (v) provide that it shall not be cancelable or subject to reduction of and that the coverage or other material modification, except after thirty (30) days' prior written notice to Landlord. Tenant shall, thereunder shall not be reduced without at least thirty (30) days prior advance notice to Landlord, (vi) contain a provision whereby the expiration insurer waives all rights of any policy, furnish Landlord with a renewal certificate for such policy or a binder for a replacement policy; otherwise Landlord may obtain the required insurance either separately or under an existing policy of subrogation against Landlord, and in either caseLandlord’s partners, managers, members, officers, directors, employees, agents and assigns, and (vii) state that coverage provided by Tenant shall reimburse be primary to any other insurance that Landlord as Additional Rent for the premium resulting from such cure within may carry. Tenant shall deliver to Landlord certificates of insurance in a form reasonably satisfactory to Landlord not less than ten (10) days after prior to the Commencement Date and, also, the expiration of the then-current policies. If, in the written opinion of Landlord's written demand therefor. All public liability and casualty policies ’s lender or insurance advisor, the amount or scope of such coverage is reasonably determined to be inadequate at any time during the Term, Tenant shall be written increase such coverage to such amounts or scope as primary policies that do not contribute to and are not in excess of coverage that Landlord may carry. All public liability policies shall contain a provision that Landlord shall nevertheless be entitled to recover under the policies for any loss occasioned to it, its servants, agents and employees by reason of the negligence of Tenant Landlord’s lender or any other named insured. Any insurance provided for may be effected by a policy or policies of blanket insurance, covering additional items or locationsadvisor deems adequate; provided, however, that (i) Landlord such increase in coverage shall be named as an additional insured thereunder; (ii) the coverage afforded Landlord will not be reduced or diminished by reason of the use of such blanket policy; (iii) any such casualty policy shall specify therein (or Tenant shall furnish Landlord with a written statement from the insurer under such policy specifying) the amount of the total insurance allocated to Tenant's property at the Premises (and any plate glass); and (iv) the requirements set forth herein are otherwise satisfied. Any insurance policies herein required to be procured by Tenant shall contain an express waiver of any right of subrogation by the insurance company against Landlord, and all standard for other tenants or occupants of space class “A” office buildings in the Building and elsewhere on the PropertyRaleigh, North Carolina area.

Tenant's Insurance Policies. All liability, casualty and other insurance carried and policies of insurance referred to in Section 11.2 shall include Landlord and Landlord’s Mortgagee, if any, as additional insureds and loss payees (other than as relates to Tenant’s personal property, equipment and inventory located at the Premises), shall insure Landlord against liability arising out of Tenant’s negligence or the negligence of any other person, firm or corporation and shall cover any liability of Tenant that may arise through any indemnity given by Tenant pursuant to in this Section 8 Lease. All policies procured hereunder shall be under standard form policies issued by insurers of recognized responsibility, rated A-XII or better by Best’s Insurance Rating Service and with responsible carriers having a rating qualified to do business in North Carolina. Evidence of A and VIIIsuch insurance, or bettertogether with copies of all insurance policies required hereunder, in Best's Insurance Reports, licensed in shall be delivered to Landlord prior to the State in which the Building is locatedTurnover Date, and otherwise acceptable to Landlord. Tenant shall promptly deliver to Landlord a certified copy of each such policy. No policy shall be cancelable or subject to reduction of coverage or other material modification, except after thereafter not less than thirty (30) days' days prior to the expiration thereof, and shall provide that such policy may not be canceled or modified except upon not less than thirty (30) days prior written notice to Landlord. If Tenant shallfails to procure and maintain the insurance required by this Article XI, in addition to all other remedies of Landlord, Landlord shall have the right to do so, without notice to Tenant if Landlord discovers that insurance coverage has lapsed, and the cost of same shall be Additional Rental payable to Landlord hereunder within thirty (30) days of demand therefore with interest thereon at the Default Rate. Tenant will deliver certificates of all insurance required hereunder to Landlord before the Turnover Date and thereafter throughout the Term at least thirty (30) days prior to the expiration of any each such policy, furnish Landlord with a renewal certificate for such policy or a binder for a replacement policy; otherwise Landlord may obtain the required insurance either separately or under an existing policy of Landlord, and in either case, Tenant shall reimburse Landlord as Additional Rent for the premium resulting from such cure within ten (10) days after Landlord's written demand therefor. All public liability and casualty policies of Tenant shall be written as primary policies that do not contribute to and are not in excess of coverage that Landlord may carry. All public liability policies shall contain a provision that Landlord shall nevertheless be entitled have the right from time to recover under the policies for time, but not more often than once in any loss occasioned three year period to it, its servants, agents and employees by reason of the negligence of Tenant or any other named insured. Any insurance provided for may be effected by a policy or policies of blanket insurance, covering additional items or locations; provided, however, that (i) Landlord shall be named as an additional insured thereunder; (ii) the coverage afforded Landlord will not be reduced or diminished by reason of the use of such blanket policy; (iii) any such casualty policy shall specify therein (or Tenant shall furnish Landlord with a written statement from the insurer under such policy specifying) the amount of the total insurance allocated to Tenant's property at the Premises (and any plate glass); and (iv) the requirements set forth herein are otherwise satisfied. Any insurance policies herein required to be procured by Tenant shall contain an express waiver of any right of subrogation by the insurance company against Landlord, and all other tenants or occupants of space require reasonable increases in the Building and elsewhere on the Propertycoverages of insurance hereunder.

Tenant's Insurance Policies. All liability, casualty and other insurance carried and policies of insurance referred to in Section 11.2 shall include Landlord and Landlord’s Mortgagee, if any, as additional insureds and loss payees (other than as relates to Tenant’s personal property, equipment and inventory located at the Premises), shall insure Landlord against liability arising out of Tenant’s negligence or the negligence of any other person, firm or corporation and shall cover any liability of Tenant that may arise through any indemnity given by Tenant pursuant to in this Section 8 Lease. All policies procured hereunder shall be under standard form policies issued by insurers of recognized responsibility, rated A:XII or better by Best’s Insurance Rating Service and with responsible carriers having a rating of A and VIII, or better, in Best's Insurance Reports, licensed qualified to do business in the State in which where the Building is Premises are located. Evidence of such insurance (Accord Form 27), and otherwise acceptable to Landlord. Tenant together with copies of all insurance policies required hereunder, shall promptly deliver be delivered to Landlord a certified copy of each such policy. No policy shall be cancelable or subject to reduction of coverage or other material modification, except after within thirty (30) days' prior written notice to Landlord. Tenant shall, at least days from the date hereof and thereafter not less than thirty (30) days prior to the expiration of any policythereof, furnish Landlord with a renewal certificate for and shall provide that such policy may not be canceled or a binder for a replacement policy; otherwise modified except upon not less than thirty (30) days written notice to Landlord. If Tenant fails to procure and maintain the insurance required by this Article XI, then Landlord may obtain shall have the required right to do so, without notice to Tenant if Landlord discovers that insurance either separately or under an existing policy of Landlordcoverage has lapsed, and in either case, Tenant the cost of same shall reimburse be Additional Rental payable to Landlord as Additional Rent for the premium resulting from such cure hereunder within ten (10) days after Landlord's written of demand therefor. All public liability and casualty policies of Tenant shall be written as primary policies that do not contribute to and are not in excess of coverage that Landlord may carry. All public liability policies shall contain a provision that Landlord shall nevertheless be entitled to recover under the policies for any loss occasioned to it, its servants, agents and employees by reason of the negligence of Tenant or any other named insured. Any insurance provided for may be effected by a policy or policies of blanket insurance, covering additional items or locations; provided, however, that (i) Landlord shall be named as an additional insured thereunder; (ii) the coverage afforded Landlord will not be reduced or diminished by reason of the use of such blanket policy; (iii) any such casualty policy shall specify therein (or Tenant shall furnish Landlord with a written statement from the insurer under such policy specifying) the amount of the total insurance allocated to Tenant's property at the Premises (and any plate glass); and (iv) the requirements set forth herein are otherwise satisfied. Any insurance policies herein required to be procured by Tenant shall contain an express waiver of any right of subrogation by the insurance company against Landlord, and all other tenants or occupants of space in the Building and elsewhere on the Property.

Tenant's Insurance Policies. All liability, casualty and other insurance carried and policies of insurance referred to in Section 11.2 shall include Landlord and Landlord's Mortgagee, if any, as an additional insureds with regard to insurance obtained under Section 11.2(b) above, and additional loss payees with regard to insurance obtained under Section 11.2(a) above (other than as relates to Tenant's personal property, equipment and inventory located at the Premises), shall insure Landlord against liability arising out of Tenant's negligence, and shall cover any liability of Tenant that may arise through any indemnity given by Tenant pursuant to in this Section 8 Lease. All policies procured hereunder shall be with responsible carriers having a rating issued by insurers of A recognized responsibility and VIII, or better, in Best's Insurance Reports, licensed in the State in which the Building is located, and otherwise reasonably acceptable to Landlord. Tenant A certificate of such insurance, together with copies of all insurance policies required hereunder, shall promptly deliver be delivered to Landlord a certified copy of each such policy. No policy shall be cancelable or subject to reduction of coverage or other material modification, except after within thirty (30) days' prior written notice to Landlord. Tenant shall, at least thirty days from the date hereof and thereafter not less than ten (3010) days prior to the expiration of any policythereof, furnish Landlord with a renewal certificate for and shall provide that such policy may not be canceled or a binder for a replacement policy; otherwise modified except upon not less than ten (10) days written notice to Landlord. In the event Tenant fails to procure and maintain the insurance required by this Article XI, then Landlord may obtain shall have the required right to do so, without notice to Tenant if Landlord discovers that insurance either separately or under an existing policy of Landlordcoverage has lapsed, and in either case, Tenant the cost of same shall reimburse be Additional Rental payable to Landlord as Additional Rent for the premium resulting from such cure hereunder within ten (10) days after Landlord's written of demand therefor. All public liability and casualty policies of Tenant shall be written as primary policies that do not contribute to and are not in excess of coverage that Landlord may carry. All public liability policies shall contain a provision that Landlord shall nevertheless be entitled to recover under the policies for any loss occasioned to it, its servants, agents and employees by reason of the negligence of Tenant or any other named insured. Any insurance provided for may be effected by a policy or policies of blanket insurance, covering additional items or locations; provided, however, that (i) Landlord shall be named as an additional insured thereunder; (ii) the coverage afforded Landlord will not be reduced or diminished by reason of the use of such blanket policy; (iii) any such casualty policy shall specify therein (or Tenant shall furnish Landlord with a written statement from the insurer under such policy specifying) the amount of the total insurance allocated to Tenant's property at the Premises (and any plate glass); and (iv) the requirements set forth herein are otherwise satisfied. Any insurance policies herein required to be procured by Tenant shall contain an express waiver of any right of subrogation by the insurance company against Landlord, and all other tenants or occupants of space in the Building and elsewhere on the Property.