Common use of Tenant’s Insurance Clause in Contracts

Tenant’s Insurance. Tenant, shall at all times during the Term of this Lease, and at its own cost and expense, procure and continue in force the following insurance coverage: (i) Commercial General Liability Insurance, written on an occurrence basis, with a combined single limit for bodily injury and property damages of not less than Two Million Dollars ($2,000,000) per occurrence and Three Million Dollars ($3,000,000) in the annual aggregate, including products liability coverage if applicable, owners and contractors protective coverage, blanket contractual coverage including both oral and written contracts, and personal injury coverage, covering the insuring provisions of this Lease and the performance of Tenant of the indemnity and exemption of Landlord from liability agreements set forth in Article 13 hereof; (ii) a policy of standard fire, extended coverage and special extended coverage insurance (all risks), including a vandalism and malicious mischief endorsement, sprinkler leakage coverage and earthquake sprinkler leakage where sprinklers are provided in an amount equal to the full replacement value new without deduction for depreciation of all (A) Tenant Improvements, Alterations, fixtures and other improvements in the Premises, including but not limited to all mechanical, plumbing, heating, ventilating, air conditioning, electrical, telecommunication and other equipment, systems and facilities, and (B) trade fixtures, furniture, equipment and other personal property installed by or at the expense of Tenant; (iii) Worker’s Compensation coverage as required by law; and (iv) business interruption, loss of income and extra expense insurance covering any failure or interruption of Tenant’s business equipment (including, without limitation, telecommunications equipment) and covering all other perils, failures or interruptions sufficient to cover a period of interruption of not less than twelve (12) months. Tenant shall carry and maintain during the entire Term (including any option periods, if applicable), at Tenant’s sole cost and expense, increased amounts of the insurance required to be carried by Tenant pursuant to this Article 14 and such other reasonable types of insurance coverage and in such reasonable amounts covering the Premises and Tenant’s operations therein, as may be reasonably required by Landlord.

Appears in 7 contracts

Samples: Standard Office Lease (Vital Therapies Inc), Standard Office Lease (Vital Therapies Inc), Standard Office Lease (Limelight Networks, Inc.)

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Tenant’s Insurance. Tenant, shall at all times during the Term of this Lease, and at its own cost and expense, procure and continue in force the following insurance coverage: (i) Commercial General Liability Insurance, written on an occurrence basis, with a combined single limit for bodily injury and property damages of not less than Two Million Dollars ($2,000,000) per occurrence and Three Million Dollars ($3,000,000) in the annual aggregate, including products liability coverage if applicable, owners and contractors protective coverage, blanket contractual coverage including both oral and written contracts, and personal injury coverage, covering the insuring provisions of this Lease and the performance of Tenant of the indemnity and exemption of Landlord from liability agreements set forth in Article 13 hereof; (ii) a policy of standard fire, extended coverage and special extended coverage insurance (all risks), including a vandalism and malicious mischief endorsement, sprinkler leakage coverage and earthquake sprinkler leakage where sprinklers are provided in an amount equal to the full replacement value new without deduction for depreciation of all (A) Tenant Improvements, Alterations, fixtures and other improvements in the Premises, including but not limited to all mechanical, plumbing, heating, ventilating, air conditioning, electrical, telecommunication and other equipment, systems and facilities, and (B) trade fixtures, furniture, equipment and other personal property installed by or at the expense of Tenant; (iii) Worker’s 's Compensation coverage as required by law; and (iv) business interruption, loss of income and extra expense insurance covering any failure or interruption of Tenant’s 's business equipment (including, without limitation, telecommunications equipment) and covering all other perils, failures or interruptions sufficient to cover a period of interruption of not less than twelve (12) months. Tenant shall carry and maintain during the entire Term (including any option periods, if applicable), at Tenant’s 's sole cost and expense, increased amounts of the insurance required to be carried by Tenant pursuant to this Article 14 and such other reasonable types of insurance coverage and in such reasonable amounts covering the Premises and Tenant’s 's operations therein, as may be reasonably required by Landlord.

Appears in 6 contracts

Samples: Standard Office Lease (Phunware, Inc.), Standard Office Lease (Neurmedix, Inc.), Standard Office Lease (Neurmedix, Inc.)

Tenant’s Insurance. Tenant, shall at At all times during the Term of this LeaseTerm, Tenant shall carry and maintain, at Tenant's expense, whether or not such insurance is readily available at a commercially reasonable price, the following insurance, in the amounts specified below or such other amounts as Landlord may from time to time reasonably request, and at its own cost on forms reasonably satisfactory to Landlord: (a) Bodily injury and expense, procure and continue in force the following insurance coverage: (i) Commercial General Liability Insurance, written on an occurrence basisproperty damage liability insurance, with a combined single occurrence limit for bodily injury and property damages of not less than Two Million Dollars ($2,000,000) per occurrence and Three Million Dollars ($3,000,000) in the annual aggregate. All such insurance shall be equivalent to coverage offered by a commercial general liability form, including products without limitation personal injury and contractual liability coverage if applicable, owners and contractors protective coverage, blanket contractual coverage including both oral and written contracts, and personal injury coverage, covering the insuring provisions of this Lease and for the performance of by Tenant of the indemnity and exemption of Landlord from liability agreements set forth in Article 13 hereof; 21 of this Lease; (iib) a policy Insurance covering all of standard fireTenant's furniture and fixtures, extended coverage machinery, equipment, stock, and special extended coverage insurance (all risks)any other personal property owned and used in Tenant's business and found in, including a vandalism on, or about the Project, and malicious mischief endorsementany leasehold improvements to the Premises in excess of the finish allowance, sprinkler leakage coverage and earthquake sprinkler leakage where sprinklers are if any, provided pursuant to the Workletter in an amount equal to not less than the full replacement value new without deduction cost. Property forms shall provide coverage on a broad form basis insuring against "all risks of direct physical loss." All policy proceeds shall be used for depreciation the repair or replacement of all the property damaged or destroyed; however, if this Lease terminates under the provisions of Article 18, Tenant shall be entitled to any proceeds resulting from damage to Tenant's furniture and fixtures, machinery, equipment, stock, and any other personal property; (Ac) Tenant ImprovementsWorker's compensation insurance insuring against and satisfying Tenant's obligations and liabilities under the worker's compensation laws of the State of California, Alterations, fixtures and other improvements including employer's liability insurance in the Premises, including but not limited to all mechanical, plumbing, heating, ventilating, air conditioning, electrical, telecommunication and other equipment, systems and facilities, and (B) trade fixtures, furniture, equipment and other personal property installed by or at the expense of Tenant; (iii) Worker’s Compensation coverage as limits required by lawapplicable laws; and and (ivd) business interruptionIf Tenant operates owned, loss hired, or nonowned vehicles on the Project, comprehensive automobile liability at a limit of income and extra expense insurance covering any failure or interruption of Tenant’s business equipment (including, without limitation, telecommunications equipment) and covering all other perils, failures or interruptions sufficient to cover a period of interruption of liability not less than twelve (12) months$500,000 combined bodily injury and property damage. Tenant Anything to the contrary herein notwithstanding, Landlord shall carry and maintain during not increase the entire Term (including any option periods, if applicable), at Tenant’s sole cost and expense, increased amounts required limits of the insurance required to be carried by Tenant pursuant to this Article 14 and such other reasonable types of insurance coverage and in such reasonable amounts covering the Premises and Tenant’s operations therein, as may be reasonably required subsection (b) or (d) by Landlordmore than ten percent (10%) per calendar year cumulatively.

Appears in 4 contracts

Samples: Lease Agreement (World Wide Magic Net Inc), Lease Agreement (World Wide Magic Net Inc), Lease Agreement (World Wide Magic Net Inc)

Tenant’s Insurance. Tenant, Tenant shall carry (at all times its sole expense during the Term of this Lease, and at its own cost and expense, procure and continue in force the following insurance coverage: Term): (i) Commercial General Liability Insuranceall-risk property insurance, written on an occurrence basisinsuring Tenant’s interest in its improvements to the Premises and any and all furniture, with fixtures, equipment, supplies, inventory, contents and other property owned, leased, held or possessed by Tenant and contained therein, such insurance coverage to xxxxxxx.xxxxxxxx interruption insurance for one hundred percent (100%) of Tenant’s gross revenues for a combined single limit for bodily injury and property damages period of not less than Two Million Dollars twelve ($2,000,00012) per occurrence and Three Million Dollars ($3,000,000) in the annual aggregate, including products liability coverage if applicable, owners and contractors protective coverage, blanket contractual coverage including both oral and written contracts, and personal injury coverage, covering the insuring provisions of this Lease and the performance of Tenant of the indemnity and exemption of Landlord from liability agreements set forth in Article 13 hereof; (ii) a policy of standard fire, extended coverage and special extended coverage months. Such insurance (all risks), including a vandalism and malicious mischief endorsement, sprinkler leakage coverage and earthquake sprinkler leakage where sprinklers are provided shall be in an amount equal to the full replacement value new cost of such improvements and property, as such may increase from time to time, without deduction for depreciation depreciation, providing protection against all perils included within the classification of fire, extended coverage, vandalism, malicious mischief, special extended peril (all risk), boiler and machinery, flood, glass breakage and sprinkler leakage, and naming Landlord as loss payee as its interest may appear; (Aii) Tenant Improvements, Alterations, fixtures worker’s compensation insurance required by applicable law; (iii) comprehensive or commercial general liability insurance on an occurrence basis for injury to or death of a person or persons and other improvements in for damage to property occasioned by or arising out of any construction work being done on the Premises, including but not limited to all mechanicalor arising out of the condition, plumbinguse, heatingor occupancy of the Premises, ventilating, air conditioning, electrical, telecommunication and or other equipment, systems and facilitiesportions of the Building or Property, and covering Tenant’s indemnification obligations imposed by Paragraph 15 of this Lease, the limits of such policy or policies to be in amounts not less than One Million and No/100 Dollars (B$1,000,000) trade fixtures, furniture, equipment in primary liability coverage and other personal property installed by or at the expense of TenantFive TWO Million and No/100 Dollars ($5,000,000 2,000,000) in excess liability coverage; (iii) Worker’s Compensation coverage as required by law; and and (iv) business interruption, loss of income and extra expense primary automobile liability-insurance covering any failure or interruption of Tenant’s business equipment (including, without limitation, telecommunications equipment) and covering all other perils, failures or interruptions sufficient to cover a period of interruption with limits of not less than twelve One Million and No/100 Dollars (12$1,000,000) monthsper occurrence, covering owned and non-owned vehicles used by Tenant. Tenant shall carry and maintain during Landlord retains the entire Term (including any option periodsright, if applicable)in its sole discretion, at Tenant’s sole cost and expense, increased amounts to increase the amount of the insurance required to be carried by Tenant pursuant not more frequently than annually based on such factors as inflation, Tenant’s insurance claims history, the advice of Landlord’s insurance advisors and any other relevant factors. Landlord and Tenant shall each have included in all policies of insurance respectively obtained by them with respect to this Article 14 the Building or Premises a waiver by the insurer of all right of subrogation against the other (and, with respect to Tenant’s insurance, against Landlord’s property manager) in connection with any loss or damage insured against. To the full extent permitted by law, Landlord and Tenant each waives all right of recovery against the other (and, with respect to Tenant, against Landlord’s property manager), and agrees to release the other from liability for loss or damage to the extent such loss or damage is covered by valid and collectible insurance in effect at the time of such loss or damage; provided, however, that the foregoing release by each party is conditioned upon the other party’s carrying insurance with the above described waiver of subrogation, and if such coverage is not obtained or maintained by either party, then the other party’s foregoing release shall be deemed to be rescinded until such waiver is either obtained or reinstated. All said insurance policies shall be carried with companies licensed to do business in the state in which the Premises are located reasonably satisfactory to Landlord and shall be noncancellable except after thirty (30) days written notice to Landlord. Each policy shall name Landlord and Landlord’s property management company as additional insureds and provide that it is primary to, and not contributing with, any policy carried by Landlord, Landlord’s property manager, or other designated person covering the same loss. Tenant shall deliver duly executed certificates of such insurance to Landlord prior to the Commencement Date and at least thirty (30) days prior to the expiration of each respective policy term. No insurance policy or policies required to be carried by Tenant will be subject to more than a $10,000.00 deductible limit without Landlord’s prior written consent. Landlord reserves the right to require Tenant to carry such other reasonable types of insurance coverage (including, without limitation and as applicable, plate glass insurance, automobile liability insurance, builder’s risk insurance and liquor liability insurance) and endorsements in such reasonable amounts covering as Landlord in its sole discretion may deem necessary or appropriate. If Tenant fails to take out or keep in force any insurance required to be carried by Tenant, or to provide evidence of the Premises same, Landlord shall have the right, but shall not be obligated, to obtain such insurance at the sole cost and expense of Tenant’s operations therein, as may and Tenant shall reimburse Landlord for the cost thereof upon demand. If, due to the failure of Tenant to comply with the foregoing provisions, Landlord is adjudged a co-insurer by its insurance carrier, then any loss or damage Landlord shall sustain by reason thereof shall be reasonably required borne by LandlordTenant and shall be immediately paid by Tenant upon receipt of a xxxx therefore from Landlord and evidence of such loss. Landlord makes no representation that the minimum limits of liability specified to be carried by Tenant hereunder are adequate to protect Tenant.

Appears in 3 contracts

Samples: Office Building Lease Agreement (Local Matters Inc.), Office Building Lease Agreement (Local Matters Inc.), Office Building Lease Agreement (Local Matters Inc.)

Tenant’s Insurance. Tenant shall, at Tenant’s expense, shall at all times maintain during the Term term of this LeaseLease (and, and at its own cost and expenseif Tenant occupies or conducts activities in or about the Premises prior to or after the term hereof, procure and continue in force the following insurance coverage: then also during such pre-term or post-term period): (i) Commercial General Liability Insurance, written on an occurrence basiscommercial general liability insurance including contractual liability coverage, with a minimum coverages of Two Million Dollars ($2,000,000.00) per occurrence combined single limit for bodily injury and property damages of not less than damage, Two Million Dollars ($2,000,0002,000,000.00) per occurrence for products-completed operations coverage, One Hundred Thousand Dollars ($100,000.00) fire legal liability, Two Million Dollars ($2,000,000.00) for personal and advertising injury, with a Three Million Dollars ($3,000,0003,000,000.00) general aggregate limit, for injuries to, or illness or death of, persons and damage to property occurring in or about the Premises or otherwise resulting from Tenant’s operations in the annual aggregateBuilding, including products liability provided that the foregoing coverage if applicableamounts may be provided through any combination of primary and umbrella/excess coverage policies, owners and contractors protective coverage, blanket contractual coverage including both oral and written contracts, and personal injury coverage, covering the insuring provisions of this Lease and the performance of Tenant of the indemnity and exemption of Landlord from liability agreements set forth in Article 13 hereof; (ii) a policy property insurance protecting Tenant against loss or damage by fire and such other risks as are insurable under then-available standard forms of standard fire, extended coverage “special form” (previously known as “all risk”) insurance policies (excluding earthquake and special extended coverage insurance (all risks), flood but including a vandalism and malicious mischief endorsement, sprinkler leakage coverage water damage and earthquake sprinkler leakage where sprinklers are provided leakage), covering Tenant’s personal property and trade fixtures in an amount equal or about the Premises or the Real Property, and any above Building standard Alterations installed in the Premises by or at the request of Tenant (including those installed by Landlord at Tenant’s request, whether prior or subsequent to the commencement of the Lease term), for the full replacement value new thereof without deduction for depreciation of all (A) Tenant Improvements, Alterations, fixtures and other improvements in the Premises, including but not limited to all mechanical, plumbing, heating, ventilating, air conditioning, electrical, telecommunication and other equipment, systems and facilities, and (B) trade fixtures, furniture, equipment and other personal property installed by or at the expense of Tenantdepreciation; (iii) Worker’s Compensation workers’ compensation insurance in statutory limits; (iv) at least three months’ coverage as required by lawfor loss of business income and continuing expenses, providing protection against any peril included within the classification “special form” insurance, excluding earthquake and flood but including water damage and earthquake sprinkler leakage; and (ivv) business interruptionif Tenant operates owned, loss leased or non-owned vehicles on the Real Property, comprehensive automobile liability insurance with a minimum coverage of income Two Million Dollars ($2,000,000.00) per occurrence, combined single limit; provided that the foregoing coverage amount may be provided through any combination of primary and extra expense umbrella/excess coverage policies. In no event shall any insurance covering any failure maintained by Tenant hereunder or interruption of Tenant’s business equipment (including, without limitation, telecommunications equipment) and covering all other perils, failures or interruptions sufficient to cover a period of interruption of not less than twelve (12) months. Tenant shall carry and maintain during the entire Term (including any option periods, if applicable), at Tenant’s sole cost and expense, increased amounts of the insurance required to be carried maintained by Tenant pursuant hereunder be deemed to limit or satisfy Tenant’s indemnification or other obligations or liability under this Article 14 Lease. Landlord reserves the right to increase the foregoing amount of liability coverage from time to time as Landlord reasonably determines is required to adequately protect Landlord and the other parties designated by Landlord from the matters insured thereby (provided, however, that Landlord makes no representation that the limits of liability required hereunder from time to time shall be adequate to protect Tenant), and to require that Tenant cause any of its contractors, vendors, movers or other parties conducting activities in or about or occupying the Premises to obtain and maintain insurance as reasonably determined by Landlord and as to which Landlord and such other reasonable types of insurance coverage and in such reasonable amounts covering the Premises and Tenant’s operations therein, as may parties designated by Landlord shall be reasonably required by Landlordadditional insureds.

Appears in 3 contracts

Samples: Office Lease (Marin Software Inc), Office Lease (Marin Software Inc), Office Lease (Marin Software Inc)

Tenant’s Insurance. TenantExcept as provided by Section 8(c) above, Tenant shall at all times during the Term of this Leasemaintain insurance as follows, with such other terms, coverages and at its own cost and expenseinsurers, procure and continue in force the following insurance coverage: as Landlord shall reasonably require from time to time: (i) Commercial General Liability Insurance, written on an occurrence “occurrence” basis, with (a) Premises and Operations Liability, (b) Personal and Advertising Injury, (c) Contractual Liability including the indemnification provisions contained in Section 8(a) of this Lease, (d) a combined single limit for bodily injury severability of interest endorsement, and property damages (e) limits of not less than Two Million Dollars ($2,000,000) per occurrence and Three not less than Two Million Dollars ($3,000,0002,000,000) in the annual aggregate, including products liability coverage if applicable, owners aggregate for bodily injury and contractors protective coverage, blanket contractual coverage including both oral and written contracts, and personal injury coverage, covering property damage. Landlord shall be named as an additional insured on this policy. Coverage will extend to the insuring provisions of this Lease and the performance of indemnification by Tenant of the indemnity and exemption of to Landlord from liability agreements as set forth in Article 13 hereof; this Agreement. Any deductible or self-insured retention must be commercially reasonable and must be disclosed to Landlord. (ii) a policy of standard fire, extended coverage and special extended coverage insurance (all risks)Business Automobile Liability, including coverage for owned, non-owned, leased or hired vehicles providing a vandalism minimum limit for Bodily Injury and malicious mischief endorsement, sprinkler leakage Property Damage of One Million Dollars ($1,000,000) combined single limit each accident. (iii) Umbrella liability coverage and earthquake sprinkler leakage where sprinklers are provided in an amount equal to the full replacement value new without deduction for depreciation of all (A) Tenant Improvements, Alterations, fixtures and other improvements in the Premises, including but not limited to all mechanical, plumbing, heating, ventilating, air conditioning, electrical, telecommunication and other equipment, systems and facilities, and (B) trade fixtures, furniture, equipment and other personal property installed by or at the expense of Tenant; (iii) Worker’s Compensation coverage as required by law; and (iv) business interruption, loss of income and extra expense insurance covering any failure or interruption of Tenant’s business equipment (including, without limitation, telecommunications equipment) and covering all other perils, failures or interruptions sufficient to cover a period of interruption of not less than twelve Ten Million Dollars (12$10,000,000) monthsproviding excess liability over the Commercial General Liability and Business Auto Liability Insurance; provided, however, the umbrella coverage need not provide excess coverage over the Business Auto Liability policy as long as the limit of Tenant’s Business Auto Liability coverage is at least $1 million per occurrence, with no aggregate limit; and provided further that Landlord waives the requirement of umbrella liability coverage, as long as Tenant maintains the primary layer of Commercial General Liability Coverage of $15 million or more. (iv) Property Insurance on the “Causes of Loss – Special Form” (I.S.O. 1991 version or as amended) for all risk of physical loss or damage, covering 100% of the replacement cost of Tenant’s personal property, business income and all Tenant’s improvements and fixtures installed in the Premises by Tenant. Tenant waives all rights of subrogation, and Tenant’s property insurance shall include a waiver of subrogation in favor of Landlord. Tenant shall carry furnish Landlord with a certificate of insurance as required in the Insurance Certificates section of this Lease. (v) Statutory Workers’ compensation or similar insurance in form and maintain during amounts required by law, and Employer’s Liability with not less than the entire Term (including any option periodsfollowing limits: Each Accident $ 1,000,000 Disease—Policy Limit $ 1,000,000 Disease—Each Employee $ 1,000,000 Tenant’s insurance shall be primary and not contributory to that carried by Landlord, its agents, or mortgagee. Landlord, and, if applicable)Tenant is so notified, at TenantLandlord’s sole cost building manager or agent and expenseground lessor, increased amounts shall be named as additional insureds as respects to insurance required of the Tenant in Section 8(d)(i) on a form generally used in the insurance industry. The company or companies writing any insurance which Tenant is required to be carried by Tenant pursuant to maintain under this Article 14 and such other reasonable types of insurance coverage and in such reasonable amounts covering the Premises and Tenant’s operations thereinLease, as may well as the form of such insurance, shall at all times be reasonably required by subject to Landlord’s reasonable approval, and any such company shall be licensed to do business in the state in which the Building is located. Such insurance companies shall have a A.M. Best rating of A VI or better.

Appears in 3 contracts

Samples: Sublease Agreement (Juno Therapeutics, Inc.), Sublease Agreement (Juno Therapeutics, Inc.), Sublease Agreement (Juno Therapeutics, Inc.)

Tenant’s Insurance. Tenant, Tenant shall at all times during the Term of this Lease, and at its own cost and expense, procure and continue in force maintain the following coverages in the following amounts. 10.3.1 Commercial general liability insurance coverage: written on the current ISO CG 00 01 occurrence form or an equivalent acceptable to Landlord (the “CGL”), (i) Commercial General Liability Insurance, written on an occurrence basis, with a combined single limit for covering liability arising from bodily injury (including mental anguish and death), property damages damage, premises (including the use or occupancy of the Premises, the Building and all areas appurtenant to the Premises and the Building, including any parking areas and areas outside the Premises that Tenant is authorized to use temporarily), operations, independent contractors, personal and advertising injury, and liability assumed under an insured contract, (ii) with limits of not less than Two Million Dollars $1,000,000 each occurrence, $1,000,000 personal and advertising injury, $2,000,000 general aggregate, and $2,000,000 products-completed operations aggregate, ($2,000,000iii) per occurrence with defense provided in addition to policy limits, (iv) with a standard ISO separation of insureds provision or a substantially similar provision, and Three Million Dollars ($3,000,000v) including the Landlord Parties (as defined below) as additional insureds, using ISO additional insured endorsement CG 20 11 or an equivalent acceptable to Landlord. If the additional insured endorsement restricts the Landlord Parties’ coverage under the CGL to liability arising out of the ownership, maintenance or use of premises described in the annual aggregate, including products liability coverage if applicable, owners and contractors protective coverage, blanket contractual coverage including both oral and written contracts, and personal injury coverage, covering the insuring provisions of this Lease and the performance of Tenant of the indemnity and exemption of Landlord from liability agreements set forth in Article 13 hereof; (ii) a policy of standard fire, extended coverage and special extended coverage insurance (all risks), including a vandalism and malicious mischief endorsement, sprinkler leakage coverage and earthquake sprinkler leakage where sprinklers are provided then the description of these premises in an amount equal to the full replacement value new without deduction for depreciation of all (A) Tenant Improvements, Alterations, fixtures and other improvements in endorsement must include the Premises, including but not limited any parking areas at the Property that Tenant is authorized to all mechanical, plumbing, heating, ventilating, air conditioning, electrical, telecommunication and other equipment, systems and facilitiesuse, and (B) trade fixturesany other areas of the Property outside the Premises that Tenant is authorized to use temporarily. Tenant shall ensure that the CGL policy provides coverage for the Landlord Parties’ own acts related to the Premises, furniture, equipment and other personal property installed by or at the expense of Tenant; (iii) Worker’s Compensation does not limit their coverage as required by law; and (iv) business interruption, loss of income and extra expense insurance covering any failure or interruption of to liability arising from Tenant’s acts. The CGL must not include a “designated premises” endorsement that limits Tenant’s coverage under the CGL to matters related to the Premises. The CGL must apply as primary and non-contributing insurance with respect to any other insurance or self-insurance programs afforded to the Landlord Parties. If the CGL contains a general aggregate limit, it must apply separately to the Premises on a “per project” or “per location” basis. 10.3.2 Commercial excess or umbrella liability insurance with respect to Tenant’s CGL, business equipment (includingauto liability and employers liability insurance, without limitation, telecommunications equipment) and covering all other perils, failures or interruptions sufficient to cover with a period of interruption limit of not less than twelve $10,000,000 each occurrence. This insurance must (12i) months. Tenant shall carry and maintain during provide coverage at least as broad as the entire Term applicable primary coverages (including any option periodsand, if applicableexcess, must be “true follow form”), at Tenant’s sole cost (ii) include the Landlord Parties as additional insureds with respect to the CGL, (iii) apply on a primary basis with respect to any commercial general liability insurance carried by the Landlord Parties, (iv) provide that aggregate limits of liability apply separately with respect to the Premises, and expense(v) provide that if the allocations of minimum primary and excess/umbrella limits established in this Section, increased amounts Tenant may provide lower minimum limits of primary insurance so long as the minimum limit of the excess/umbrella insurance required to be carried is increased by Tenant pursuant to this Article 14 and such other reasonable types the amount of insurance coverage and in such reasonable amounts covering the Premises and Tenant’s operations therein, as may be reasonably required by Landlordprimary reduction.

Appears in 3 contracts

Samples: Lease (AltheaDx, Inc.), Lease (AltheaDx, Inc.), Lease (AltheaDx, Inc.)

Tenant’s Insurance. TenantTenant shall maintain insurance complying with all of the following: (a) Tenant shall procure, shall pay for and keep in full force and effect, at all times during the Term of this LeaseLease Term, and at its own cost and expense, procure and continue in force the following insurance coverage: following: (i) Commercial General Liability Insurancegeneral liability insurance insuring Tenant against liability for personal injury, written on an occurrence basisbodily injury, death and damage to property occurring within the Leased Premises, or resulting from Tenant’s use or occupancy of the Leased Premises, the Building, the Outside Areas or the Property, or resulting from Tenant’s activities in or about the Leased Premises or the Property, with a combined single limit for bodily injury and property damages of not less than Two Million Dollars ($2,000,000) per occurrence and Three Million Dollars ($3,000,000) in the annual aggregate, including products liability coverage if applicable, owners and contractors protective coverage, blanket contractual coverage including both oral and written contracts, and personal injury coverage, covering the insuring provisions of this Lease and the performance of Tenant of the indemnity and exemption of Landlord from liability agreements set forth in Article 13 hereof; (ii) a policy of standard fire, extended coverage and special extended coverage insurance (all risks), including a vandalism and malicious mischief endorsement, sprinkler leakage coverage and earthquake sprinkler leakage where sprinklers are provided in an amount equal to Tenant’s Required Liability Coverage (as set forth in Article 1), which insurance shall contain “blanket contractual liability” and “broad form property damage” endorsements insuring Tenant’s performance of Tenant’s obligations to indemnify Landlord as contained in this Lease. (ii) Fire and property damage insurance in “special form” coverage insuring Tenant against loss from physical damage to Tenant’s personal property, inventory, trade fixtures and improvements within the Leased Premises with coverage for the full actual replacement value new without deduction for depreciation of all (A) Tenant Improvements, Alterations, fixtures and other improvements in the Premises, including but not limited to all mechanical, plumbing, heating, ventilating, air conditioning, electrical, telecommunication and other equipment, systems and facilities, and (B) trade fixtures, furniture, equipment and other personal property installed by or at the expense of Tenant; cost thereof; (iii) Worker’s Compensation coverage as required by law; and (iv) business interruption, loss of income and Business income/extra expense insurance covering any failure or interruption of Tenant’s business equipment (including, without limitation, telecommunications equipment) and covering all other perils, failures or interruptions sufficient to cover pay Base Monthly Rent and Additional Rent for a period of interruption of not less than twelve (12) months. Tenant shall carry ; (iv) Plate glass insurance, at actual replacement cost; (v) Boiler and maintain during machinery insurance, to limits sufficient to restore the entire Term Building; (vi) Product liability insurance (including, without limitation, if food and/or beverages are distributed, sold and/or consumed within the Leased Premises, to the extent obtainable, coverage for liability arising out of the distribution, sale, use or consumption of food and/or beverages (including any option periodsalcoholic beverages, if applicable) at the Leased Premises for not less than Tenant’s Required Liability Coverage (as set forth in Article 1); (vii) Workers’ compensation insurance (statutory coverage) with employer’s liability in amounts not less than $1,000,000 insurance sufficient to comply with all laws; and (viii) With respect to making of any alterations or modifications or the construction of improvements or the like undertaken by Tenant, course of construction, commercial general liability, automobile liability and workers’ compensation (to be carried by Tenant’s contractor), at Tenant’s sole cost in an amount and expense, increased amounts with coverage reasonably satisfactory to Landlord. (b) Each policy of the liability insurance required to be carried by Tenant pursuant to this Article 14 paragraph or actually carried by Tenant with respect to the Leased Premises or the Property: (i) shall, except with respect to insurance required by subparagraphs (a) (ii) and (a) (viii) above, name Landlord, and such others as are designated by Landlord, as additional insureds; (ii) shall, with respect to insurance required by subparagraph (a)(ii) above, name Landlord, and such others as are designated by Landlord, as loss payees; (iii) shall be primary insurance providing that the insurer shall be liable for the full amount of the loss, up to and including the total amount of liability set forth in the declaration of coverage, without the right of contribution from or prior payment by any other reasonable types insurance coverage of Landlord; (iv) shall be in a form satisfactory to Landlord; (v) shall be carried with companies reasonably acceptable to Landlord with Best’s ratings of at least A and XI; (vi) shall provide that such policy shall not be subject to cancellation, lapse or change except after at least thirty (30) days prior written notice to Landlord, and (vii) shall contain a so-called “severability” or “cross liability” endorsement. Each policy of property insurance maintained by Tenant with respect to the Leased Premises or the Property or any property therein (i) shall provide that such policy shall not be subject to cancellation, lapse or change except after at least thirty (30) days prior written notice to Landlord and (ii) shall contain a waiver and/or a permission to waive by the insurer of any right of subrogation against Landlord, its partners, principals, members, managers, officers, employees, agents and contractors, which might arise by reason of any payment under such policy or by reason of any act or omission of Landlord, its partners, principals, members, managers, officers, employees, agents and contractors. (c) Prior to the time Tenant or any of its contractors enters the Leased Premises, Tenant shall deliver to Landlord, with respect to each policy of insurance required to be carried by Tenant pursuant to this Article, a copy of such policy (appropriately authenticated by the insurer as having been issued, premium paid) or a certificate of the insurer certifying in form satisfactory to Landlord that a policy has been issued, premium paid, providing the coverage and in such reasonable amounts covering the Premises and Tenant’s operations therein, as may be reasonably required by this Paragraph and containing the provisions specified herein. With respect to each renewal or replacement of any such insurance, the requirements of this Paragraph must be complied with not less than thirty days prior to the expiration or cancellation of the policies being renewed or replaced. Landlord may, at any time and from time to time, inspect and/or copy any and all insurance policies required to be carried by Tenant pursuant to this Article. If Landlord’s Lender, insurance broker, advisor or counsel reasonably determines at any time that the amount of coverage set forth in Paragraph 9.1(a) for any policy of insurance Tenant is required to carry pursuant to this Article is not adequate, then Tenant shall increase the amount of coverage for such insurance to such greater amount as Landlord’s Lender, insurance broker, advisor or counsel reasonably deems adequate. In the event Tenant does not maintain said insurance, Landlord may, in its sole discretion and without waiving any other remedies hereunder, procure said insurance and Tenant shall pay to Landlord as additional rent the cost of said insurance plus a ten percent (10%) administrative fee.

Appears in 2 contracts

Samples: Lease Agreement (Cardiodx Inc), Lease Agreement (Cardiodx Inc)

Tenant’s Insurance. Tenant, shall at all times during the Term of this Lease, and at its own cost and expense, procure and continue in force the following insurance coverage: (i) Commercial General Liability InsuranceInsurance (which may include umbrella insurance) insuring both Landlord and Tenant against all claims, demands or actions for bodily injury, property damage, personal and advertising injury, and medical payments arising out of or in connection with Tenant's use or occupancy of the Premises, or by the condition of the Premises, written on an occurrence basis, with a combined single limit for bodily injury and property damages of not less than Two Million Dollars ($2,000,000) per occurrence and Three Million Dollars ($3,000,000) in the annual aggregateaggregate (and no offset for occurrences on property other than the Premises), including products liability coverage if applicable, owners and contractors protective coveragecoverage (when Tenant performs Alterations), blanket contractual coverage including both oral and written contractscoverage, and personal injury coverage, covering the insuring provisions of this Lease and the performance of Tenant of the indemnity and exemption of Landlord from liability agreements set forth in Article 13 hereof; (ii) a policy of standard fire, extended coverage and special extended coverage insurance (all risks), including a vandalism and malicious mischief endorsement, sprinkler leakage coverage and earthquake sprinkler leakage where sprinklers are provided in an amount equal to the full replacement value new without deduction for depreciation of all (A) Tenant Improvements, Improvements and Alterations, fixtures and other improvements in the Premises, including but not limited to all mechanical, plumbing, heating, ventilating, air conditioning, electrical, telecommunication and other equipment, systems and facilities, and (B) trade fixtures, furniture, equipment and other personal property installed by or at the expense of Tenant; and (iii) Worker’s 's Compensation and Employers liability coverage as required by law; and (iv) business interruption, loss of income and extra expense insurance covering any failure or interruption of Tenant’s business equipment (including, without limitation, telecommunications equipment) and covering all other perils, failures or interruptions sufficient to cover a period of interruption of not less than twelve (12) monthsLaw. Tenant shall carry and maintain during the entire Term (including any option periodsOption Terms, if applicable), at Tenant’s 's sole cost and expense, increased amounts of the insurance required to be carried by Tenant pursuant to this Article 14 and such other reasonable types of insurance coverage and in such reasonable amounts covering the Premises and Tenant’s 's operations therein, as may be reasonably required by Landlord, but Landlord shall only be entitled to require such increased amounts and/or other coverages if they are then generally required by owners of comparable buildings in the San Diego County, California area.

Appears in 2 contracts

Samples: Lease (Cohu Inc), Agreement of Purchase and Sale (Cohu Inc)

Tenant’s Insurance. TenantTenant shall, shall at all times during the Term of this Lease, and at its own cost and expense, procure and continue in force the following insurance coverage: (i) Commercial General Liability Insurance, written on an occurrence basis, with a combined single limit for bodily injury and property damages of not less than Two Million Dollars ($2,000,0002,000.000) per occurrence and Three Million Dollars ($3,000,000) in the annual aggregate, including products liability coverage if applicable, owners and contractors protective coverage, blanket contractual coverage including both oral and for written contracts, . and personal injury coverage, covering the insuring provisions of this Lease and the performance of Tenant of the indemnity and exemption of Landlord from liability agreements set forth in Article 13 hereof; (ii) a policy of standard fire, extended coverage and special extended coverage insurance (all risks), including a vandalism and malicious mischief endorsement, sprinkler leakage coverage and earthquake sprinkler leakage where sprinklers are provided in an amount equal to the full replacement value new without deduction for depreciation of all (A) Tenant Improvementsimprovements, Alterations, fixtures and other improvements in the Premises, including but not limited to all mechanical, . plumbing, heating, ventilating, air conditioning, electrical, telecommunication and other equipment, systems and facilities, and (B) trade fixtures, furniture, equipment and other personal property installed by or at the expense of Tenant; : (iii) Worker’s Compensation coverage as required by law; and (iv) business interruption, loss of income and extra expense insurance covering any failure or interruption of Tenant’s business equipment (including, without limitation, telecommunications equipment) and covering all other perils, failures or interruptions sufficient to cover a period of interruption of not less than twelve six (126) months. Tenant shall carry and maintain during the entire Term (including any option periods, if applicable), at Tenant’s sole cost and expense, increased amounts of the insurance required to be carried by Tenant pursuant to this Article 14 and such other reasonable types of insurance coverage and in such reasonable amounts covering the Premises and Tenant’s operations therein, as may be reasonably required by Landlord.

Appears in 2 contracts

Samples: Standard Office Lease (Castle Biosciences Inc), Standard Office Lease (Castle Biosciences Inc)

Tenant’s Insurance. Tenant, shall at all times during the Term of this Lease, and at its own cost and expense, procure and continue in force the following insurance coverage: (i) Commercial General Liability Insurance, written on an occurrence basis, with a combined single limit for bodily injury and property damages of not less than Two Million Dollars ($2,000,0002,000,000.00) per occurrence and Three Million Dollars ($3,000,0003,000,000.00) in the annual aggregate, including products liability coverage if applicable, owners and contractors protective coverage, blanket contractual coverage including both oral and written contracts, and personal injury coverage, covering the insuring provisions of this Lease and the performance of Tenant of the indemnity and exemption of Landlord from liability agreements set forth in Article 13 hereof; (ii) a policy of standard fire, extended coverage and special extended coverage insurance (all risks), including a vandalism and malicious mischief endorsement, sprinkler leakage coverage and earthquake sprinkler leakage where sprinklers are provided in an amount equal to the full replacement value new without deduction for depreciation of all (A) Tenant Improvements, Alterations, fixtures and other improvements in the Premises, including but not limited to all mechanical, plumbing, heating, ventilating, air conditioning, electrical, telecommunication and other equipment, systems and facilities, and (B) trade fixtures, furniture, equipment and other personal property installed by or at the expense of Tenant; (iii) Worker’s Compensation coverage as required by law; and (iv) business interruption, loss of income and extra expense insurance covering any failure or interruption of Tenant’s business equipment (including, without limitation, telecommunications equipment) and covering all other perils, failures or interruptions sufficient to cover a period of interruption of not less than twelve (12) months. Tenant shall carry and maintain during the entire Lease Term (including any option periods, if applicable), at Tenant’s sole cost and expense, increased amounts of the insurance required to be carried by Tenant pursuant to this Article 14 and such other reasonable types of insurance coverage and in such reasonable amounts covering the Premises and Tenant’s operations therein, as may be reasonably required by Landlord.

Appears in 2 contracts

Samples: Standard Office Lease, Standard Office Lease (Nexsan Corp)

Tenant’s Insurance. TenantCommencing the date Tenant is required to provide Landlord with the certificate of insurance, shall at all times during the Term of this Leaseas provided below, and continuing until the expiration or earlier termination of the Lease Term, Tenant shall carry and maintain at its own cost and expense, procure and continue in force expense the following insurance coveragecoverages with insurance companies reasonably acceptable to Landlord with a rating of A-, Class VII, or better by A.M. Best Company: (i) Commercial General Liability Insurance, (CGL) Policy (written on an occurrence basis), with a limits not less than One Million Dollars ($1,000,000) combined single limit per occurrence, Two Million Dollar ($2,000,000) annual aggregate covering liability arising from premises, operations, independent contractors, products-completed operations, and liability assumed under a contract; (ii) Property Damage Insurance on a Causes of Loss-Special Form basis covering on a replacement cost value all Above Standard improvements, fixtures, personal property and equipment located within the Premises; (iii) Business Interruption and Extra Expense insurance in such amounts as will reimburse Tenant for bodily injury direct or indirect loss of earnings attributable to the perils insured against under this section; (iv) Workers’ Compensation insurance policy as required by the applicable state law, and property damages Employers Liability insurance with limits of not less than Two One Million Dollars ($2,000,0001,000,000.00); (v) per occurrence Automobile Liability insurance with single limit coverage of at least $1,000,000 for all owned, leased/hired or non-owned vehicles; and Three (vi) Excess/Umbrella liability policy “following form” of not less than Four Million Dollars ($3,000,000) in the annual aggregate, including products liability coverage if applicable, owners and contractors protective coverage, blanket contractual coverage including both oral and written contracts, and personal injury coverage, covering the insuring provisions of this Lease and the performance of Tenant of the indemnity and exemption of Landlord from liability agreements set forth in Article 13 hereof; (ii) a policy of standard fire, extended coverage and special extended coverage insurance (all risks4,000,000), including a vandalism “drop down” feature in case the limits of the primary policy are exhausted. Landlord may also require all Outside Contractors to provide additional types of insurance coverages during the actual course of construction in amounts and malicious mischief endorsementtypes deemed necessary by Landlord, sprinkler leakage coverage and earthquake sprinkler leakage where sprinklers are provided in an amount equal to the full replacement value new without deduction for depreciation of all (A) Tenant Improvements, Alterations, fixtures and other improvements in the Premises, including but not limited to all mechanical, plumbing, heating, ventilating, air conditioning, electrical, telecommunication and other equipment, systems and facilities, and (B) trade fixtures, furniture, equipment and other personal property installed by or at the expense of Tenant; (iii) Worker’s Compensation coverage as required by law; and (iv) business interruption, loss of income and extra expense insurance covering any failure or interruption of Tenant’s business equipment (including, without limitation, telecommunications equipmentconstruction All-Risk Builder’s risks, Owners and Contractors Protective (OCP) Liability insurance, Professional Errors and Omissions liability insurance, and insurance covering all other perilssuch contractor’s equipment and tools. Each Liability insurance policy required to be maintained hereunder by Tenant shall name the following entities as Additional Insureds: Landlord, failures Cousins Realty Services, LLC, and their direct and indirect parent companies and subsidiaries and any of their affiliated entities, successors and assigns, as well as their respective current or interruptions sufficient future directors, officers, employees, partners, members and agents. Tenant’s insurance shall be considered primary, not excess, and non-contributory with Landlord’s insurance policies. Insurance deductibles or retentions should be within reasonable and customary for policy holders in similar businesses and locations. An XXXXX 25 certificate of such insurance in the most recent edition available and reasonably satisfactory to cover Landlord, before the earlier of the Commencement Date or ten (10) days after execution of the Lease, reflecting the limits and endorsements required herein, and renewal certificates shall be delivered to Landlord within a period few days of interruption of not less than twelve (12) monthsrenewal, provided there is no lapse in coverage. Tenant shall carry provide and/or forward to Landlord notice of nonrenewal from its insurance carrier and maintain during further inform Landlord of any significant policy changes allowing enough time for Landlord and/or Tenant to secure contingent or alternative coverage. Landlord agrees to cooperate with Tenant to the entire Term (including any option periodsextent reasonably requested by Tenant to enable Tenant to obtain such insurance. Landlord shall have the right to require increased limits if, in Landlord’s reasonable judgment, such increase is necessary. Tenant shall pay all premiums and charges for all of said policies, and, if applicable)Tenant shall fail to make any such payment when due or carry any such policy, Landlord may, following five (5) days written notice from Landlord, but shall not be obligated to, make such payment or carry such policy, and the amount paid by Landlord, with interest thereon at Tenant’s sole cost and expensethe Default Rate, increased amounts of the insurance required shall be repaid to be carried Landlord by Tenant pursuant within ten (10) days following demand therefor, and all such amounts so repayable, together with such interest, shall be deemed to constitute additional Rent hereunder. Payment by Landlord of any such premium, or the carrying by Landlord of any such policy, shall not be deemed to waive or release Tenant from any remedy available to Landlord under this Article 14 and such other reasonable types of insurance coverage and in such reasonable amounts covering the Premises and Tenant’s operations therein, as may be reasonably required by LandlordLease.

Appears in 2 contracts

Samples: Commercial Lease (Ziprecruiter, Inc.), Commercial Lease (Ziprecruiter, Inc.)

Tenant’s Insurance. Tenant, shall at all times during the Term of this Lease, and at its own cost and expense, procure and continue in force the following insurance coverage: (i) Commercial General Liability Insurance, written on an occurrence basis, with a combined single limit for bodily injury and property damages of not less than Two Million Dollars ($2,000,000) per occurrence and Three Million Dollars ($3,000,000) in the annual aggregate, including products liability coverage if applicable, owners and contractors protective coverage, blanket contractual coverage including both oral and written contracts, and personal injury coverage, covering the insuring provisions of this Lease and the performance of Tenant of the indemnity and exemption of Landlord from liability agreements set forth in Article 13 hereof; (ii) a policy of standard fire, extended coverage and special extended coverage insurance (all risks), including a vandalism and malicious mischief endorsement, sprinkler leakage coverage and earthquake sprinkler leakage where sprinklers are provided in an amount equal to the full replacement value new without deduction for depreciation of all (A) Tenant Improvements, Alterations, fixtures and other improvements in the Premises, including but not limited to all mechanical, plumbing, heating, ventilating, air conditioning, electrical, telecommunication and other equipment, systems and facilities, and (B) trade fixtures, furniture, equipment and other personal property installed by or at the expense of Tenant; (iii) Worker’s Compensation coverage as required by law; and (iv) business interruption, loss of income and extra expense insurance covering any failure or interruption of Tenant’s business equipment (including, without limitation, telecommunications equipment) and covering all other perils, failures or interruptions sufficient to cover a period of interruption of not less than twelve (12) months. Tenant shall carry and maintain during the entire Term (including any option periods, if applicable), at Tenant’s sole cost and expense, increased amounts of the insurance required to be carried by Tenant pursuant to this Article 14 and such other reasonable types of insurance coverage and in such reasonable amounts covering the Premises and Tenant’s operations therein, as may be reasonably required by LandlordLandlord so long as the same is consistent with increasing industry standards for similar buildings in the general vicinity of the Project.

Appears in 2 contracts

Samples: Standard Office Lease (loanDepot, Inc.), Standard Office Lease (loanDepot, Inc.)

Tenant’s Insurance. Tenant, shall at all times Tenant’s expense, agrees to maintain in force, with a company or companies permitted to do business in the state where the Property is located, during the Term of this Lease, and at its own cost and expense, procure and continue in force the following insurance coverageTerm: (ia) Commercial General Liability Insurance, written Insurance on a primary basis and without any right of contribution from any insurance carried by Landlord covering the Premises on an occurrence basisbasis against all claims for personal injury, with a combined single limit for bodily injury injury, death and property damages of damage, including standard contractual liability coverage in amounts not less than a minimum of One Million Dollars ($1,000,000.00) per occurrence and Two Million Dollars ($2,000,0002,000,000.00) per occurrence in the aggregate with extended coverages including follow form umbrella coverage with a Five Million Dollar ($5,000,000.00) limit; (b) Workers’ Compensation Insurance in amounts required by Washington Law; (c) Employers’ Liability Insurance for an amount of not less than One Million Dollars ($1,000,000.00), in accordance with the Laws of the State of Washington (provided that if this coverage is unavailable from the Worker’s Compensation carrier or applicable State Fund, a “Stop Gap Liability” endorsement to the Commercial General Liability Policy is acceptable); (d) a Special Cause of Loss Form property insurance, including earthquake sprinkler leakage, in an amount adequate to cover the full replacement cost of all Tenant Additions, equipment, installations, fixtures and contents of the Premises in the event of loss; and (e) In the event a motor vehicle is to be used by Tenant in connection with its business operation from the Premises, Business Automobile Liability Insurance coverage with limits of not less than Three Million Dollars ($3,000,0003,000,000.00) combined single limit coverage against bodily injury liability and property damage liability arising out of the use by or on behalf of Tenant, its agents and employees in the annual aggregate, including products liability coverage if applicable, owners and contractors protective coverage, blanket contractual coverage including both oral and written contracts, and personal injury coverage, covering the insuring provisions of connection with this Lease and the performance of Tenant of the indemnity and exemption of Landlord from liability agreements set forth in Article 13 hereof; (ii) a policy of standard fireany owned, extended coverage and special extended coverage insurance (all risks), including a vandalism and malicious mischief endorsement, sprinkler leakage coverage and earthquake sprinkler leakage where sprinklers are provided in an amount equal to the full replacement value new without deduction for depreciation of all (A) Tenant Improvements, Alterations, fixtures and other improvements in the Premises, including but not limited to all mechanical, plumbing, heating, ventilating, air conditioning, electrical, telecommunication and other equipment, systems and facilities, and (B) trade fixtures, furniture, equipment and other personal property installed by non-owned or at the expense of Tenant; (iii) Worker’s Compensation coverage as required by lawhired motor vehicles; and (ivf) business interruption, loss of income and extra expense such other insurance covering any failure or interruption of Tenant’s business equipment (including, without limitation, telecommunications equipment) and covering all other perils, failures or interruptions sufficient to cover a period of interruption of not less than twelve (12) months. Tenant shall carry and maintain during the entire Term (including any option periods, if applicable), at Tenant’s sole cost and expense, increased amounts of coverages as Landlord reasonably requires consistent with the insurance and coverages required in other Class “A” office properties located in the Seattle Central Business District. Landlord reserves the right to be carried by require that Tenant pursuant increase the limits described above not more frequently than once every three (3) years to this Article 14 and such levels consistent with the limits required in other reasonable types of insurance coverage and Class “A” office properties located in such reasonable amounts covering the Premises and Tenant’s operations therein, as may be reasonably required by LandlordSeattle Central Business District.

Appears in 2 contracts

Samples: Office Lease (Accolade, Inc.), Office Lease (Accolade, Inc.)

Tenant’s Insurance. Tenant, shall at all times during the Term of this Lease, and at its own cost and expense, procure and continue in force the following insurance coverage: (i) Commercial General Liability Insurance, written on an occurrence basis, with a combined single limit for bodily injury and property damages of not less than Two Million Dollars ($2,000,000) per occurrence and Three Million Dollars ($3,000,000) in the annual aggregate, including products liability coverage if applicable, owners and contractors protective coverage, blanket contractual coverage including both oral and written contracts, and personal injury coverage, covering the insuring provisions of this Lease and the performance of Tenant of the indemnity and exemption of Landlord from liability agreements set forth in Article Section 13 hereof; (ii) a policy of standard fire, extended coverage and special extended coverage insurance (all risks), including a vandalism and malicious mischief endorsement, sprinkler leakage coverage and earthquake sprinkler leakage where sprinklers are provided in an amount equal to the full replacement value new without deduction for depreciation of all (A) Tenant Improvements, Alterations, fixtures and other improvements in the Premises, including but not limited to all mechanical, plumbing, heating, ventilating, air conditioning, electrical, telecommunication and other equipment, systems and facilities, and (B) trade fixtures, furniture, equipment and other personal property installed by or at the expense of Tenant; (iii) Worker’s Compensation coverage as required by law; and (iv) business interruption, loss of income and extra expense insurance covering any failure or interruption of Tenant’s business equipment (including, without limitation, telecommunications equipment) and covering all other perils, failures or interruptions sufficient to cover a period of interruption of not less than twelve (12) months. Tenant shall carry and maintain during the entire Term (including any option periods, if applicable), at Tenant’s sole cost and expense, increased amounts of the insurance required to be carried by Tenant pursuant to this Article Section 14 and such other reasonable types of insurance coverage and in such reasonable amounts covering the Premises and Tenant’s operations therein, as may be reasonably required by Landlord.

Appears in 2 contracts

Samples: Office Lease (Celladon Corp), Office Lease (ASC Acquisition LLC)

Tenant’s Insurance. Tenant, shall at all times during the Term of this Lease, and at its own cost and expense, procure and continue in force the following insurance coverage: (i) Commercial General Liability Insurance, written on an occurrence basis, with a combined single limit for bodily injury and property damages of not less than Two Million Dollars ($2,000,000) [***] per occurrence and Three Million Dollars ($3,000,000) [***] in the annual aggregate, including products liability coverage if applicable, owners and contractors protective coverage, blanket contractual coverage including both oral and written contracts, and personal injury coverage, covering the insuring provisions of this Lease and the performance of Tenant of the indemnity and exemption of Landlord from liability agreements set forth in Article 13 hereof; (ii) a policy of standard fire, extended coverage and special extended coverage insurance (all risks), including a vandalism and malicious mischief endorsement, sprinkler leakage coverage and earthquake sprinkler leakage where sprinklers are provided in an amount equal to the full replacement value new without deduction for depreciation of all (A) Tenant Improvements, Alterations, fixtures and other improvements in the Premises, including but not limited to all mechanical, plumbing, heating, ventilating, air conditioning, electrical, telecommunication and other equipment, systems and facilities, and (B) trade fixtures, furniture, equipment and other personal property installed by or at the expense of Tenant; (iii) Worker’s 's Compensation coverage as required by law; and (iv) business interruption, loss of income and extra expense insurance covering any failure or interruption of Tenant’s 's business equipment (including, without limitation, telecommunications equipment) and covering all other perils, failures or interruptions sufficient to cover a period of interruption of not less than twelve (12) months. Tenant shall carry and maintain during the entire Term (including any option periods, if applicable), at Tenant’s 's sole cost and expense, increased amounts of the insurance required to be carried by Tenant pursuant to this Article 14 and such other reasonable types of insurance coverage and in such reasonable amounts covering the Premises and Tenant’s 's operations therein, as may be reasonably required by Landlord, so long as such increased amounts and/or other types of insurance coverage are then generally required by comparable landlords of comparable first-class, institutional quality buildings in the vicinity of the Project.

Appears in 2 contracts

Samples: Standard Office Lease (Lindows Inc), Standard Office Lease (Lindows Inc)

Tenant’s Insurance. TenantThe Tenant shall, shall at all times its expense, maintain in force during the Term of this LeaseTerm, and at its own cost any other period of occupation, in the name of the Tenant (with the Landlord, the Landlord’s property manager, asset manager and expensehypothecary creditor, procure and continue in force if any, named as additional insureds as their respective interests may appear) the following insurance: (a) comprehensive general liability insurance coverage: against claims for personal injury, death or property damage (iincluding but not limited to tenants’ legal liability, personal injury liability, products liability, property damage and contractual liability to cover all indemnities) Commercial General Liability Insurancewith respect to the business or operations carried on in and from the Leased Premises, written on an occurrence basis, with a combined single limit for bodily injury in amounts required by the Landlord and property damages any hypothecary creditor of not the Building or any part thereof from time to time but in no event less than Two Five Million Dollars ($2,000,0005,000,000.00) per occurrence occurrence; (b) “All Risks” insurance including flood, earthquake and Three Million Dollars sewer backup, with extended coverage endorsement and water damage insurance ($3,000,000) in the annual aggregateincluding, including products liability coverage if applicable, owners sprinkler leakage) covering all contents of the Leased Premises and contractors protective coverage, blanket contractual coverage including both oral and written contracts, and personal injury coverage, covering all other property for which the insuring provisions of Tenant is legally liable for or responsible for pursuant to this Lease and the performance of Tenant and/or which has been installed by or on behalf of the indemnity Tenant (including without limitation all movables, equipment, machinery, furniture, inventory, fixtures and exemption of Landlord from liability agreements set forth in Article 13 hereof; (iiall Leasehold Improvements) a policy of standard fire, extended coverage and special extended coverage insurance (all risks), including a vandalism and malicious mischief endorsement, sprinkler leakage coverage and earthquake sprinkler leakage where sprinklers are provided in an amount equal to the full replacement value new without deduction thereof; (c) broad form boiler and machinery insurance on a blanket repair and replacement basis with limits for depreciation of all (A) Tenant Improvements, Alterations, fixtures and other improvements each accident in the Premises, including but not limited to all mechanical, plumbing, heating, ventilating, air conditioning, electrical, telecommunication and other equipment, systems and facilities, and (B) trade fixtures, furniture, equipment and other personal property installed by or at the expense of Tenant; (iii) Worker’s Compensation coverage as required by law; and (iv) business interruption, loss of income and extra expense insurance covering any failure or interruption of Tenant’s business equipment (including, without limitation, telecommunications equipment) and covering all other perils, failures or interruptions sufficient to cover a period of interruption amount of not less than twelve the replacement cost of all Leasehold Improvements and of all boilers, pressure vessels, air conditioning equipment and miscellaneous electrical apparatus owned or operated by the Tenant or by others (12other than the Landlord) months. Tenant shall carry and maintain during the entire Term (including any option periods, if applicable), at Tenant’s sole cost and expense, increased amounts on behalf of the Tenant in the Leased Premises; (d) business interruption insurance required in such amounts as will reimburse the Tenant for direct or indirect loss of earnings including continuing and extra expenses attributable to be carried all perils insured against by the Tenant pursuant to this Article 14 hereunder; (e) glass insurance, for the benefit of the Landlord and the Tenant, covering all exterior and interior glass in the Leased Premises, including plate glass windows and doors; and (f) such other reasonable types forms of insurance coverage and in such reasonable amounts covering the Premises and Tenant’s operations therein, as may be reasonably required by the Landlord, its representatives and its hypothecary creditor from time to time. All policies required to be written on behalf of the Tenant pursuant to this Section shall contain the Landlord’s hypothecary creditor standard hypothecary clause as applicable, and shall contain a waiver of any subrogation rights which the Tenant’s insurers may have against the Landlord, its property manager and against those for whom the Landlord is in law responsible, whether any such damage is caused by the act, omission or negligence of the Landlord or those for whom the Landlord is in law responsible. All policies will have reasonable deductibles and will be primary and not call into contribution or be in excess of any other insurance available to the Landlord or any additional insureds. All policies shall be taken out with insurers acceptable to the Landlord and shall be in a form satisfactory from time to time to the Landlord. The Tenant agrees that certificates of insurance on the Landlord’s standard form or if required by the Landlord or the Landlord’s hypothecary creditor certified copies of each such insurance policy will be delivered to the Landlord immediately after the placing, removal, amendment or extension of the required insurance. All policies shall contain an undertaking by the insurers to notify the Landlord and the Landlord’s hypothecary creditor in writing not less than thirty (30) days prior to any material change, cancellation or termination thereof. The Tenant agrees that if the Tenant fails to take out or keep in force any such insurance referred to in this Section, or should any such insurance not be approved by either the Landlord or the Landlord’s hypothecary creditor and should the Tenant not rectify the situation immediately after written notice by the Landlord to the Tenant, the Landlord has the right without assuming any obligation in connection therewith to effect such insurance at the sole cost of the Tenant and all outlays by the Landlord shall be immediately paid by the Tenant to the Landlord as Additional Rent without prejudice to any other rights and remedies of the Landlord under this Lease.

Appears in 2 contracts

Samples: Lease (Repare Therapeutics Inc.), Lease (Repare Therapeutics Inc.)

Tenant’s Insurance. Tenant, shall at all times 9.1.1 The Tenant will take out and keep in full force and effect with reputable insurers that are licensed to do business in the Province of Quebec during the Term and such other time as the Tenant occupies the Premises or any part thereof: (a) comprehensive general liability with respect to the business carried on, in or from the Premises and its use and occupancy of this Leasethe Premises including, without limitation, personal injury liability, contractual liability, non-owned automobile liability and at its own cost and expenseemployer’s liability insurance, procure and continue in force the following insurance coverage: (i) Commercial General Liability Insurance, written on an occurrence basis, with a combined single limit for bodily injury and property damages of not less than Two Five Million Dollars ($2,000,0005,000,000.00), or such higher limits as the Landlord may from time to time require acting reasonably, for each occurrence in respect of any injury to, death of, or loss suffered by one or more persons; (b) per occurrence and Three Million Dollars ($3,000,000) plate glass insurance in an amount sufficient to replace all plate glass comprises in the annual aggregatePremises and in the doors and windows thereof; (c) “all risk” property’ insurance, including products liability coverage if applicableincluding, owners without limitation, fire and contractors protective coveragetheft, blanket contractual coverage including both oral flood, earthquake, sewer back-up and written contractsfor such other and further risks as the Landlord may require from time to time, on a replacement cost basis, of the Tenant’s inventory and stock-in-trade, Tenant’s Work as provided for in Schedule “E”, furniture and fixtures, and personal injury coverageall alterations, covering decorations, additions and improvements installed or brought by the insuring provisions of this Lease Tenant to the Premises and all property owned by the performance of Tenant of or for which the indemnity and exemption of Landlord from Tenant is legally liable; (d) the Tenant’s legal liability agreements set forth in Article 13 hereof; (ii) a policy of standard fire, extended coverage and special extended coverage insurance (all risks), including a vandalism and malicious mischief endorsement, sprinkler leakage coverage and earthquake sprinkler leakage where sprinklers are provided with respect to the Premises in an amount equal to Five Million Dollars ($5,000,000.00) or in such higher limits as the full Landlord may require from time to time acting reasonably and in accordance with industry norms; (e) broad form boiler and machinery insurance on a blanket repair and replacement value new without deduction for depreciation basis of all the property insured pursuant to Paragraph 9.1.1 (Ac) above; (f) Intentionally Deleted (g) any other type of insurance or any additional coverage that the Landlord or its Mortgagee may request from time to time, acting reasonably and in accordance with industry norms. 9.1.2 Each insurance policy required of the Tenant Improvementsas aforesaid shall be on terms and conditions, Alterations, fixtures and other improvements with such insurers as are reasonably available in the Premisesmarketplace and will name the Landlord and any Mortgagee as an additional insured and loss payee, including as their respective interests appear and will include the Mortgagee’s standard mortgage clause, a waiver of rights of subrogation against the Landlord. If the Landlord is an insured under such policy, a cross-liability and severability of interest clause providing for coverage in respect of any claim brought by any insured against any other one or more insureds as if a separate policy has been issued to each insured, a provision that breach of the policy by any insured will not affect the policy protection of any other insured, and a provision that the insurer will not cancel or change or refuse to renew the insurance without first giving the Landlord at least ten (10) days’ prior written notice shall be included in such policy, The Tenant shall have no interest in the Landlord’s insurance. Certificates of insurance shall be remitted to the Landlord in a reasonable amount of time after coverage comes into force. Before any such insurance policy comes into force, the Landlord shall be remitted confirmation of insurance from insurers. Provided the Tenant fails to cause its insurers to provide the Landlord with such coverage confirmation, the Landlord shall following two (2) business days prior written notice, have the right, but not limited the obligation, to all mechanical, plumbing, heating, ventilating, air conditioning, electrical, telecommunication take any such coverage in the name and other equipment, systems and facilities, and (B) trade fixtures, furniture, equipment and other personal property installed by or at the expense of Tenant; (iii) Worker’s Compensation coverage as required by law; and (iv) business interruption, loss of income and extra expense insurance covering any failure or interruption of Tenant’s business equipment (including, without limitation, telecommunications equipment) and covering all other perils, failures or interruptions sufficient to cover a period of interruption of not less than twelve (12) months. Tenant shall carry and maintain during the entire Term (including any option periods, if applicable), at Tenant’s sole cost and expense, increased amounts of the insurance required to be carried by Tenant pursuant to this Article 14 and such other reasonable types of insurance coverage and in such reasonable amounts covering the Premises and Tenant’s operations therein, as may be reasonably required by Landlord.

Appears in 2 contracts

Samples: Lease Agreement (DAVIDsTEA Inc.), Lease Agreement (DAVIDsTEA Inc.)

Tenant’s Insurance. Tenant, shall at At all times during after the Term execution of this Lease, Tenant will carry and maintain, at its own cost and expenseexpense with insurance companies reasonably acceptable to Landlord that are rated no less than A-, procure and continue in force the following insurance coverageClass VI, by A.M. Best Company: (i) Commercial General Liability Insurancea commercial general liability insurance policy, written on an occurrence basisincluding insurance against assumed or contractual liability under this Lease, for liability arising out of the ownership, use, occupancy or maintenance of the Premises and all areas appurtenant thereto, including any portion of the Common Areas used by Tenant, to afford protection with a combined single limit for respect to bodily injury and injury, death or property damages damage (including loss of use) of not less than One Million Dollars ($1,000,000) each occurrence/Two Million Dollars ($2,000,000) per occurrence aggregate; (ii) an all-risks property and Three casualty insurance (special form building and personal property coverage) policy, including theft coverage, written at replacement cost value with replacement cost endorsements, covering all of the Tenant’s property; (iii) a worker’s compensation insurance policy with applicable statutory limits, (iv) automobile liability insurance with single limit coverage of at least $1,000,000 for all owned, leased/hired or non-owned vehicles, (v) an excess/umbrella liability policy “following form” of not less than Four Million Dollars ($3,000,000) in the annual aggregate, including products liability coverage if applicable, owners and contractors protective coverage, blanket contractual coverage including both oral and written contracts, and personal injury coverage, covering the insuring provisions of this Lease and the performance of Tenant of the indemnity and exemption of Landlord from liability agreements set forth in Article 13 hereof; (ii) a policy of standard fire, extended coverage and special extended coverage insurance (all risks4,000,000), including a vandalism and malicious mischief endorsement, sprinkler leakage coverage and earthquake sprinkler leakage where sprinklers “drop down” feature in case the limits of the primary policy are provided in an amount equal to the full replacement value new without deduction for depreciation of all (A) Tenant Improvements, Alterations, fixtures and other improvements in the Premises, including but not limited to all mechanical, plumbing, heating, ventilating, air conditioning, electrical, telecommunication and other equipment, systems and facilitiesexhausted, and (Bvi) trade fixtures, furniture, equipment and other personal property installed by if Tenant will serve or sell alcohol at the expense Project, a liquor liability insurance policy with minimum coverage of Tenant; One Million Dollars (iii) Worker’s Compensation coverage $1,000,000). Landlord may also require all Outside Contractors to provide in addition to the insurance coverages referenced above such other insurance in amounts and types and with such companies as required may be reasonably requested by law; and (iv) business interruptionLandlord, loss of income and extra expense insurance covering any failure or interruption of Tenant’s business equipment (including, without limitation, telecommunications equipment) and covering construction all other perils, failures or interruptions sufficient to cover a period of interruption of not less than twelve (12) months. Tenant shall carry and maintain during the entire Term risk/builder’s risks (including any option periodsloss of revenue) insurance, if applicable)professional errors and omissions liability insurance, at Tenant’s sole cost and expense, increased amounts of the insurance covering such contractor's equipment and tools. Each insurance policy required to be carried maintained hereunder by Tenant pursuant to this Article 14 shall include an “Additional Insured Endorsement” in favor of Parkway Properties, Inc., its subsidiaries and such other reasonable types of insurance coverage and in such reasonable amounts covering the Premises and Tenant’s operations thereinaffiliated companies, as well as the employees, officers, directors and agents of such companies and any other designees of Landlord and shall be primary. An XXXXX 25 certificate of such insurance in a form reasonably satisfactory to Landlord, or certified copies of the policies, shall be furnished to Landlord on or before the earlier of the Commencement Date or ten (10) days after execution of the Lease, reflecting the limits and endorsements required herein, and renewal XXXXX 25 certificates or certified copies of renewal policies shall be delivered to Landlord at least ten (10) days prior to the expiration date of any policy. Each policy shall require notice of nonrenewal to Landlord and shall further provide that it may not be altered or canceled without thirty (30) days prior notice to Landlord. Landlord agrees to cooperate with Tenant to the extent reasonably required requested by Tenant to enable Tenant to obtain such insurance. Landlord shall have the right to require increased limits if, in Landlord’s reasonable judgment, such increase is necessary.

Appears in 1 contract

Samples: Lease Agreement (UBL Interactive,Inc.)

Tenant’s Insurance. Tenant, shall at At all times during after the Term execution of this Lease, Tenant will carry and maintain, at its own cost and expenseexpense with insurance companies reasonably acceptable to Landlord that are rated no less than A-, procure and continue in force the following insurance coverageClass IV, by A.M. Best Company: (i) Commercial General Liability Insurancea commercial general liability insurance policy, written on an occurrence basisincluding insurance against assumed or contractual liability under this Lease, for liability arising out of the ownership, use, occupancy or maintenance of the Premises and all areas appurtenant thereto, including any portion of the Common Areas used by Tenant, to afford protection with a combined single limit for respect to bodily injury and injury, death or property damages damage (including loss of use) of not less than One Million Dollars ($1,000,000) each occurrence/Two Million Dollars ($2,000,000) per occurrence aggregate; (ii) an all-risks property and Three casualty insurance (special form building and personal property coverage) policy, including theft coverage, written at replacement cost value with replacement cost endorsements, covering all of the Tenant’s property; (iii) to the extent required by applicable Law, a worker’s compensation insurance policy with applicable statutory limits, (iv) automobile liability insurance with single limit coverage of at least $1,000,000 for all owned, leased/hired or non-owned vehicles, (v) an excess/umbrella liability policy “following form” of not less than Four Million Dollars ($3,000,000) in the annual aggregate, including products liability coverage if applicable, owners and contractors protective coverage, blanket contractual coverage including both oral and written contracts, and personal injury coverage, covering the insuring provisions of this Lease and the performance of Tenant of the indemnity and exemption of Landlord from liability agreements set forth in Article 13 hereof; (ii) a policy of standard fire, extended coverage and special extended coverage insurance (all risks4,000,000), including a vandalism and malicious mischief endorsement, sprinkler leakage coverage and earthquake sprinkler leakage where sprinklers “drop down” feature in case the limits of the primary policy are provided in an amount equal to the full replacement value new without deduction for depreciation of all (A) Tenant Improvements, Alterations, fixtures and other improvements in the Premises, including but not limited to all mechanical, plumbing, heating, ventilating, air conditioning, electrical, telecommunication and other equipment, systems and facilitiesexhausted, and (Bvi) trade fixtures, furniture, equipment and other personal property installed by if Tenant will serve or sell alcohol at the expense Project, a liquor liability insurance policy with minimum coverage of Tenant; One Million Dollars (iii) Worker’s Compensation coverage $1,000,000). Landlord may also require all Outside Contractors to provide in addition to the insurance coverages referenced above such other insurance in amounts and types and with such companies as required may be reasonably requested by law; and (iv) business interruptionLandlord, loss of income and extra expense insurance covering any failure or interruption of Tenant’s business equipment (including, without limitation, telecommunications equipment) and covering construction all other perils, failures or interruptions sufficient to cover a period of interruption of not less than twelve (12) months. Tenant shall carry and maintain during the entire Term risk/builder’s risks (including any option periodsloss of revenue) insurance, if applicable)professional errors and omissions liability insurance, at Tenantand insurance covering such contractor’s sole cost equipment and expense, increased amounts of the tools. Each insurance policy required to be carried maintained hereunder by Tenant pursuant to this Article 14 shall include an “Additional Insured Endorsement” in favor of Parkway Properties, Inc., its subsidiaries and such other reasonable types of insurance coverage and in such reasonable amounts covering the Premises and Tenant’s operations thereinaffiliated companies, as well as the employees, officers, directors and agents of such companies and any other designees of Landlord and shall be primary. An XXXXX 25 certificate of such insurance in a form reasonably satisfactory to Landlord, or certified copies of the policies, shall be furnished to Landlord on or before the earlier of the Commencement Date or ten (10) days after execution of the Lease, reflecting the limits and endorsements required herein, and renewal XXXXX 25 certificates or certified copies of renewal policies shall be delivered to Landlord at least ten (10) days prior to the expiration date of any policy. Each policy shall require notice of nonrenewal to Landlord and shall further provide that it may not be altered or canceled without thirty (30) days prior notice to Landlord. Landlord agrees to cooperate with Tenant to the extent reasonably required requested by Tenant to enable Tenant to obtain such insurance. Landlord shall have the right to require increased limits if, in Landlord’s reasonable judgment, such increase is necessary.

Appears in 1 contract

Samples: Lease Agreement (Us Dataworks Inc)

Tenant’s Insurance. Tenant(a) The Tenant shall, shall at all times during its expense, obtain and maintain in force throughout the Term and any Extension Term and any period when it is in possession of this Leasethe Premises, in the name of the Tenant with the Landlord and at its own cost the Mortgagee (if any) as additional named insureds on all property insurance policies, save that the insurance policies referred to in sections 12.2(a)(i) and expense(ii) below shall name the Landlord as the insured with the Mortgagee (if any), procure and continue in force as additional named insured the following insurance coverage: insurance: (i) Commercial General Liability Insuranceinsurance on the Building and the heating, written on an occurrence basis, with a combined single limit for bodily injury ventilating and property damages of not less than Two Million Dollars ($2,000,000) per occurrence and Three Million Dollars ($3,000,000) in the annual aggregate, including products liability coverage if applicable, owners and contractors protective coverage, blanket contractual coverage including both oral and written contractsair conditioning, and personal injury coverageother building equipment, covering machinery and systems, and boilers contained therein whether owned by the insuring provisions of this Lease and Landlord or the performance of Tenant of the indemnity and exemption of Landlord from liability agreements set forth in Article 13 hereof; (ii) a policy of against those risks covered by standard fire, extended coverage and special extended coverage insurance (all risks), ” (including a vandalism flood and malicious mischief endorsement, sprinkler leakage coverage and earthquake sprinkler leakage where sprinklers are provided earthquake) property policies in an amount equal to the full replacement value new without deduction thereof with such reasonable deductibles as would be carried by a prudent owner of a reasonably similar industrial building, having regard to size, age and location; (ii) broad form boiler and machinery insurance on a blanket repair and replacement basis with limits for depreciation each accident in an amount of at least the replacement cost of the Premises and of all boilers, pressure vessels, air-conditioning equipment and miscellaneous electrical apparatus relating to or serving the Premises; (Aiii) Tenant Improvementspublic liability insurance written on a comprehensive basis with coverage against third party claims for bodily injury, Alterationsincluding death, fixtures in such amounts as are normally carried by prudent tenants of similar premises from time to time, but in no event less than five million dollars ($5,000,000.00) per occurrence; (iv) standard owners form vehicle insurance providing third-party liability insurance with not less than three million dollars ($3,000,000.00) inclusive limits, and accident benefits insurance, covering all licensed vehicles owned or operated by or on behalf of the Tenant; (v) business interruption insurance covering the Annual Base Rent, the Additional Rent and all other improvements costs and expenses in connection with the Premises, including but not limited to all mechanical, plumbing, heating, ventilating, air conditioning, electrical, telecommunication and other equipment, systems and facilities, and (B) trade fixtures, furniture, equipment and other personal property installed by or at the expense of Tenant; (iii) Worker’s Compensation coverage as required by law; and (iv) business interruption, loss of income and extra expense insurance covering any failure or interruption of Tenant’s business equipment (including, without limitation, telecommunications equipment) and covering all other perils, failures or interruptions sufficient to cover for a period of interruption of not less than twelve (12) monthsmonth period; and (vi) such other forms of insurance and increases of the amount of coverage stipulated in the foregoing sections against such risks and in such amounts as may be customarily obtained by tenants of premises similar to the Premises and any other forms of reasonable and customary insurance as the Landlord and/or a Mortgagee, reasonably requires from time to time, in forms and amounts and for risks against which a prudent tenant would insure with a use similar to that of the Tenant. (b) All insurance policies provided for in this section 12.2 shall: (i) be taken out with insurers licensed to carry on the business of insurance in the Province in which the Premises are located; (ii) be non-contributing with and apply only as primary and not excess to any other insurance available to either or both of the Landlord and the Mortgagee; (iii) not be invalidated as respects the interests of all and any of the Landlord and the Mortgagee by reason of a breach or violation of warranties, representations declarations or conditions contained in the policies; and (iv) contain an undertaking by the insurers to notify the Landlord and its Mortgagee in writing not less than thirty (30) days before any material change, cancellation, or termination. The Tenant shall carry may satisfy the foregoing insurance requirements by carrying blanket insurance policies and maintain during the entire Term through one or more insurance policies. (including any option periods, if applicable), at Tenant’s sole cost and expense, increased amounts c) The proceeds of the insurance under Sections 12.2(a)(i) and 12.2(a)(i)(a)(ii) above shall be and are hereby assigned and made payable to the Landlord. (d) If the Tenant shall fail to take out, renew and keep in force such insurance the Landlord may do so as the agent of the Tenant and the Tenant shall repay to the Landlord any amounts paid by the Landlord as premiums forthwith upon demand. (e) The Tenant shall furnish to the Landlord certificates or other evidence acceptable to the Landlord as to the insurance from time to time required to be carried effected by the Tenant pursuant to this Article 14 Lease and such other reasonable types its renewal or continuation in force. No review or approval of any insurance coverage and in such reasonable amounts covering certificate or insurance policy by the Premises and TenantLandlord derogates from or diminishes the Landlord’s operations therein, as may be reasonably required by Landlordrights under this Lease.

Appears in 1 contract

Samples: Industrial Lease (Bway Corp)

Tenant’s Insurance. TenantDuring the Term, shall at all times during the Term of this Lease, Tenant will provide and at its own cost and expense, procure and continue keep in force the following insurance: (a) commercial general liability insurance coverage: relating to Tenant’s business (icarried on, in or from the Premises and including Tenant’s use of any Hazardous Materials) Commercial General Liability Insuranceand Tenant’s use and occupancy of the Premises, written on an occurrence basisfor personal and bodily injury and death, and damage to others’ property, with limits of not less than $2,000,000 for any one accident or occurrence; (b) all-risk or fire insurance (including standard extended coverage endorsement perils, leakage from fire protective devices and other water damage) relating to Tenant’s furniture, equipment, inventory, trade fixtures, documents, files, work product and other personal property on a full replacement cost basis in amounts sufficient to prevent Tenant from becoming a coinsurer and subject only to such deductibles and exclusions as Landlord may reasonably approve; (c) If any boiler or machinery is operated in the Premises by Tenant, boiler and machinery insurance; (d) If Tenant operates owned, hired or non-owned vehicles, automobile liability insurance with limits of not less than $1,000,000 combined single limit for bodily injury and property damages of not less than Two Million Dollars damage; and ($2,000,000e) per occurrence workers’ compensation and Three Million Dollars employer’s liability insurance in any amounts required to comply with applicable Laws. Landlord, Landlord’s property manager ($3,000,000) if any), and any Lender will be named as additional insureds in the annual aggregatepolicy described in Section 13.2(a), including products as their interests appear, which will include cross liability coverage if applicable, owners and contractors protective coverage, blanket contractual coverage including both oral severability of interests clauses and written contracts, will be on an “occurrence” (and personal injury coverage, covering not a “claims made”) form. The policies described in Section 13.2(b) will permit the insuring provisions of this Lease and the performance of Tenant of the indemnity and exemption release of Landlord from certain liability agreements set forth under Section 15.2. Tenant’s insurance policies will be written by insurers that are rated A-VII or better by Best’s Rating Guide and licensed in Article 13 hereof; (ii) a policy the State of standard fireColorado, extended will be written as primary policies, not contributing with and not supplemental to the coverage that Landlord may carry, and special extended coverage insurance (all risks)will otherwise be upon such terms and conditions as Landlord from time to time reasonably requires, including a vandalism and malicious mischief endorsement, sprinkler leakage coverage and earthquake sprinkler leakage where sprinklers are provided in an amount equal to the full replacement value new without deduction for depreciation of all (A) Tenant Improvements, Alterations, fixtures and other improvements in the Premises, including but not limited to all mechanical, plumbing, heating, ventilating, air conditioning, electrical, telecommunication and other equipment, systems and facilities, and (B) trade fixtures, furniture, equipment and other personal property installed by or at the expense of Tenant; (iii) Worker’s Compensation coverage as required by law; and (iv) business interruption, loss of income and extra expense insurance covering any failure or interruption of reasonable limits on Tenant’s business equipment (including, without limitation, telecommunications equipment) and covering all other perils, failures or interruptions sufficient to cover a period of interruption of not less than twelve (12) monthsdeductibles. Tenant shall carry will file with Landlord, on or before the Commencement Date and maintain during at least 10 days before the entire Term (including any option periodsexpiration date of expiring policies, if applicable)such copies of either current policies or certificates, at Tenant’s sole cost and expense, increased amounts of the insurance required to be carried by Tenant pursuant to this Article 14 and such or other reasonable types of insurance coverage and in such reasonable amounts covering the Premises and Tenant’s operations thereinproofs, as may be reasonably required to establish Tenant’s insurance coverage in effect from time to time and payment of premiums. Tenant’s insurers will agree to give Landlord and all other additional insureds at least 30 days’ prior notice of any non-renewal, and at least 10 days’ prior notice of any cancellation, of any insurance coverage required by Landlord.this

Appears in 1 contract

Samples: Lease Agreement (Encision Inc)

Tenant’s Insurance. TenantThe Tenant shall, shall at all times its expense, maintain in force during the Term and any other period of this Leaseoccupation (if any), in the name of the Tenant (with the Landlord, the Landlord's property manager and/or asset manager and at its own cost and expensethe Landlord's mortgagee, procure and continue in force if any, added as additional insureds) the following insurance: (a) comprehensive general liability insurance coverage: against claims for personal injury, death or property damage (iincluding but not limited to tenants' legal liability, personal injury liability, products liability, property damage and contractual liability to cover all indemnities) Commercial General Liability Insurancewith respect to the business or operations carried on in and from the Leased Premises, written on an occurrence basis, with a combined single limit for bodily injury in amounts required by the Landlord and property damages any mortgagee of not the Building or any part thereof from time to time but in no event less than Two Five Million Dollars ($2,000,0005,000,000.00) per occurrence occurrence; (b) insurance covering all contents of the Leased Premises and Three Million Dollars ($3,000,000) in all other property for which the annual aggregate, including products liability coverage if applicable, owners and contractors protective coverage, blanket contractual coverage including both oral and written contracts, and personal injury coverage, covering the insuring provisions of Tenant is responsible pursuant to this Lease and the performance of Tenant and/or which has been installed by or on behalf of the indemnity Tenant (including without limitation all chattels, equipment, machinery, furniture, inventory, fixtures and exemption of Landlord from liability agreements set forth in Article 13 hereof; (iiall Leasehold Improvements) a policy of standard fire, extended coverage and special extended coverage insurance (all risks), including a vandalism and malicious mischief endorsement, sprinkler leakage coverage and earthquake sprinkler leakage where sprinklers are provided in an amount equal to the full replacement value new without deduction thereof; (c) broad form boiler and machinery insurance on a blanket repair and replacement basis with limits for depreciation of all (A) Tenant Improvements, Alterations, fixtures and other improvements each accident in the Premises, including but not limited to all mechanical, plumbing, heating, ventilating, air conditioning, electrical, telecommunication and other equipment, systems and facilities, and (B) trade fixtures, furniture, equipment and other personal property installed by or at the expense of Tenant; (iii) Worker’s Compensation coverage as required by law; and (iv) business interruption, loss of income and extra expense insurance covering any failure or interruption of Tenant’s business equipment (including, without limitation, telecommunications equipment) and covering all other perils, failures or interruptions sufficient to cover a period of interruption amount of not less than twelve (12) months. Tenant shall carry and maintain during the entire Term (including any option periods, if applicable), at Tenant’s sole replacement cost and expense, increased amounts of the Leased Premises and all Leasehold Improvements and of all boilers, pressure vessels, air-conditioning equipment and miscellaneous electrical apparatus in the Leased Premises; (d) business interruption insurance required in such amounts as will reimburse the Tenant for direct or indirect loss of earnings including continuing and extra expenses attributable to be carried all perils insured against by the Tenant pursuant to this Article 14 and hereunder; and (e) such other reasonable types forms of insurance coverage and in such reasonable amounts covering the Premises and Tenant’s operations therein, as may be reasonably required by the Landlord and its mortgagee from time to time. All policies required to be written on behalf of the Tenant pursuant to this Section shall contain the Landlord's mortgagee's standard mortgage clause as applicable, and shall contain a waiver of any subrogation rights which the Tenant's insurers may have against the Landlord and against those for whom the Landlord is in law responsible, whether any such damage is caused by the act, omission or negligence of the Landlord or those for whom the Landlord is in law responsible. All policies will have reasonable deductibles and will be primary and not call into contribution or be in excess of any other insurance available to the Landlord or any additional insureds. All policies shall be taken out with insurers acceptable to the Landlord and shall be in a form satisfactory from time to time to the Landlord. The Tenant agrees that certificates of insurance on the Landlord's standard form or if required by the Landlord or the Landlord's mortgagee certified copies of each such insurance policy will be delivered to the Landlord immediately after the placing, removal, amendment or extension of the required insurance. All policies shall contain an undertaking by the insurers to notify the Landlord and the Landlord's mortgagee in writing not less than thirty (30) days prior to any material change, cancellation or termination thereof. The Tenant agrees that if the Tenant fails to take out or keep in force any such insurance referred to in this Section, or should any such insurance not be approved by either the Landlord or the Landlord's mortgagee and should the Tenant not rectify the situation immediately after written notice by the Landlord to the Tenant, the Landlord has the right without assuming any obligation in connection therewith to effect such insurance at the sole cost of the Tenant and all outlays by the Landlord shall be immediately paid by the Tenant to the Landlord as Additional Rent without prejudice to any other rights and remedies of the Landlord under this Lease.

Appears in 1 contract

Samples: Lease Agreement (Tarpon Industries, Inc.)

Tenant’s Insurance. Tenant, shall at all times during the Term of this Lease, and at its own cost and expense, procure and continue in force the following insurance coverage: (i) Commercial General Liability Insurance, written on an occurrence basis, with a combined single limit for bodily injury and property damages of not less than Two Million Dollars ($2,000,000) per occurrence and Three Million Dollars ($3,000,000) per occurrence and Five Million Dollars ($5,000,000) in the annual aggregate, including products liability coverage if applicable, owners and contractors protective coverage, blanket contractual coverage including both oral and written contracts, and personal injury coverage, covering the insuring provisions of this Lease and the performance of Tenant of the indemnity and exemption of Landlord from liability agreements set forth in Article 13 hereof; (ii) a policy of standard fire, extended coverage and special extended coverage insurance (all risks), including a vandalism and malicious mischief endorsement, sprinkler leakage coverage and earthquake sprinkler leakage where sprinklers are provided in an amount equal to the full replacement value new without deduction for depreciation of all (A) Tenant Improvements, Alterations, fixtures and other improvements in the Premises, including but not limited to all mechanical, plumbing, heating, ventilating, air conditioning, electrical, telecommunication and other equipment, systems and facilities, and (B) trade fixtures, furniture, equipment and other personal property installed by or at the expense of Tenant; (iii) Worker’s Compensation coverage as required by law; and (iv) business interruption, loss of income and extra expense insurance covering any failure or interruption of Tenant’s business equipment (including, without limitation, telecommunications equipment) and covering all other perils, failures or interruptions sufficient to cover a period of interruption of not less than twelve (12) months. Tenant shall carry and maintain during the entire Term (including any option periods, if applicable), at Tenant’s sole cost and expense, increased amounts of the insurance required to be carried by Tenant pursuant to this Article 14 and such other reasonable types of insurance coverage and in such reasonable amounts covering the Premises and Tenant’s operations therein, as may be reasonably required by Landlord.

Appears in 1 contract

Samples: Standard Office Lease (Prospect Acquisition Corp)

Tenant’s Insurance. Tenant, shall at all times during the Term of this Lease, and at its own cost and expense, procure and continue in force the following insurance coverage: (i) Commercial General Liability Insurance, written on an occurrence basis, with a combined single limit for bodily injury and property damages of not less than Two Million Dollars ($2,000,000S2,000,000) per occurrence and Three Million Dollars ($3,000,000) in the annual aggregate, including products liability coverage if applicable, owners and contractors protective coverage, blanket contractual coverage including both oral and written contracts, and personal injury coverage, covering the insuring provisions of this Lease and the performance of Tenant of the indemnity and exemption of Landlord from liability agreements set forth in Article 13 hereof; (ii) a policy of standard fire, extended coverage and special extended coverage insurance (all risks), including a vandalism and malicious mischief endorsement, sprinkler leakage coverage and earthquake sprinkler leakage where sprinklers are provided in an amount equal to the full replacement value new without deduction for depreciation of all (A) Tenant Improvements, Alterations, fixtures and other improvements in the Premises, including but not limited to all mechanical, plumbing, heating, ventilating, air conditioning, electrical, telecommunication and other equipment, systems and facilities, and (B) trade fixtures, furniture, equipment and other personal property installed by or at the expense of Tenant; (iii) Worker’s Compensation coverage as required by law; and (iv) business interruption, loss of income and extra expense insurance covering any failure or interruption of Tenant’s business equipment (including, without limitation, telecommunications equipment) and covering all other perils, failures or interruptions sufficient to cover a period of interruption of not less than twelve (12) months. Tenant shall carry and maintain during the entire Term (including any option periods, if applicable), at Tenant’s sole cost and expense, increased amounts of the insurance required to be carried by Tenant pursuant to this Article 14 and such other reasonable types of insurance coverage and in such reasonable amounts covering the Premises and Tenant’s operations therein, as may be reasonably required by Landlord.

Appears in 1 contract

Samples: Standard Office Lease (Entropic Communications Inc)

Tenant’s Insurance. Tenant, shall at all times during the Term of this Lease, and at its own cost and expense, procure and continue in force the following insurance coverage: (i) Commercial General Liability InsuranceAll-risk property insurance, written on insuring Tenant's interest in its improvements to the Premises and any and all furniture, fixtures, equipment, supplies, inventory, contents and other property owned, leased, held or possessed by Tenant and contained therein, such insurance coverage to include business interruption insurance in an occurrence basis, with a combined single limit for bodily injury and property damages of amount not less than Two Five Million and No/100 Dollars ($2,000,000) per occurrence and Three Million Dollars ($3,000,000) in the annual aggregate, including products liability coverage if applicable, owners and contractors protective coverage, blanket contractual coverage including both oral and written contracts, and personal injury coverage, covering the insuring provisions of this Lease and the performance of Tenant of the indemnity and exemption of Landlord from liability agreements set forth in Article 13 hereof; (ii) a policy of standard fire, extended coverage and special extended coverage 5,000,000). Such insurance (all risks), including a vandalism and malicious mischief endorsement, sprinkler leakage coverage and earthquake sprinkler leakage where sprinklers are provided shall be in an amount equal to the full replacement value new cost of such improvements and property, as such may increase from time to time, without deduction for depreciation depreciation, providing protection against all perils included within the classification of fire, extended coverage, vandalism, malicious mischief, special extended peril (all risk), boiler and machinery, flood, glass breakage and sprinkler leakage, and naming Landlord as loss payee as its interest may appear; (Aii) Tenant Improvements, Alterations, fixtures worker's compensation insurance required by applicable law; (iii) comprehensive or commercial general liability insurance on an occurrence basis for injury to or death of a person or persons and other improvements in for damage to property occasioned by or arising out of any construction work being done on the Premises, including but not limited to all mechanicalor arising out of the condition, plumbinguse, heatingor occupancy of the Premises, ventilating, air conditioning, electrical, telecommunication and or other equipment, systems and facilitiesportions of the Building or Property, and covering Tenant's indemnification obligations imposed by Paragraph 15 of this Lease, the limits of such policy or policies to be in amounts not less than One Million and No/100 Dollars (B$1,000,000) trade fixtures, furniture, equipment in primary liability coverage and other personal property installed by or at the expense of TenantTwo Million and No/100 Dollars ($2,000,000) in excess liability coverage; (iii) Worker’s Compensation coverage as required by law; and and (iv) business interruption, loss of income and extra expense primary automobile liability insurance covering any failure or interruption of Tenant’s business equipment (including, without limitation, telecommunications equipment) and covering all other perils, failures or interruptions sufficient to cover a period of interruption with limits of not less than twelve One Million and No/100 Dollars (12$1,000,000) monthsper occurrence, covering owned and non-owned vehicles used by Tenant. Tenant shall carry and maintain during Landlord retains the entire Term (including any option periodsright, if applicable)in its sole discretion, at Tenant’s sole cost and expense, increased amounts to increase the amount of the insurance required to be carried by Tenant pursuant to this Article 14 not more frequently than annually based on such factors as inflation, Tenant's insurance claims history, the advice of Landlord's insurance advisors and such any other reasonable types relevant factors. Landlord and Tenant shall each have included in all policies of insurance coverage and respectively obtained by them with respect to the Building or Premises a waiver by the insurer of all right of subrogation against the other (and, with respect to Tenant's insurance, against Landlord's property manager) in such reasonable amounts covering connection with any loss or damage insured against. To the Premises and Tenant’s operations therein, as may be reasonably required full extent permitted by Landlord.law,

Appears in 1 contract

Samples: Office Building Lease Agreement (Continucare Corp)

Tenant’s Insurance. Tenant, shall at all times during the Term of this Lease, and at its own cost and expense, procure and continue in force the following insurance coverage: (i) Commercial General Liability Insurance, written on an occurrence basis, Insurance with a combined single limit for bodily injury and property damages of not less than Two Million Dollars ($2,000,000) per occurrence and Three Million Dollars ($3,000,000) in the annual aggregate, including products liability coverage if applicable, owners and contractors protective coverage, blanket contractual coverage including both oral and written contracts, and personal injury coverage, covering the insuring provisions of this Lease and the performance of Tenant of the indemnity and exemption of Landlord from liability agreements set forth in Article 13 hereof; (ii) a policy of standard fire, extended coverage and special extended coverage insurance (all risks), including a vandalism and malicious mischief endorsement, sprinkler leakage coverage and earthquake sprinkler leakage where sprinklers are provided in an amount equal to the full replacement value new without deduction for depreciation of all (A) Tenant Improvements, Alterations, fixtures and other improvements in the Premises, including but not limited to all mechanical, plumbing, heating, ventilating, air conditioning, electrical, telecommunication and other equipment, systems and facilities, Premises and (B) trade fixtures, furniture, equipment and other personal property installed by or at the expense of Tenant; (iii) Worker’s Compensation coverage as required by law; and (iv) business interruption, loss of income and extra expense insurance covering any failure or interruption of Tenant’s business telecommunications equipment (including, without limitation, telecommunications equipment) and covering all other perils, failures or interruptions sufficient to cover a period of interruption of not less than twelve (12) monthsinterruptions, if commercially available. Tenant shall carry and maintain during the entire Lease Term (including any option periods, if applicable), at Tenant’s sole cost and expense, increased amounts of the insurance required to be carried by Tenant pursuant to this Article 14 and such other reasonable types of insurance coverage and in such reasonable amounts covering the Premises and Tenant’s operations therein, as may be reasonably required by Landlord.

Appears in 1 contract

Samples: Office Lease (Thomas Weisel Partners Group, Inc.)

Tenant’s Insurance. Tenant, shall at all times during From the Delivery Date and throughout the Term of this Leaseand any Renewal Terms, and Tenant shall, at its own cost and expense, procure obtain and continue maintain in full force and effect: (a) Worker’s Compensation Insurance in amounts as required by law; (b) comprehensive public liability insurance covering the following insurance coverage: (i) Commercial General Liability InsurancePremises, written on an occurrence basisBuilding and Property, with a combined single limit for bodily injury and property damages insuring Landlord and Tenant, in minimum limits of not less than Two Five Million Dollars ($2,000,0005,000,000.00) per occurrence for general commercial liability, and Three Four Million Dollars ($3,000,0004,000,000.00) in for property damage and fire liability, which insurance shall name Landlord, and any persons or entities reasonably designated by Landlord, and the annual aggregateholder(s) of any mortgage(s) affecting the Premises, Building and Property as additional insureds thereunder; (c) during the course of construction of Tenant’s Work or any Alteration, Structural Alteration or other work performed by Tenant on or about the Property, builder’s completed value risk insurance against “all risks of physical loss,” covering the total value of work performed and equipment, supplies and materials furnished; (d) insurance with respect to all buildings, improvements, equipment and machinery constituting a part of the Premises, Building and Property, and insuring Landlord and Tenant against loss or damage by perils customarily included under standard “all risk” policies, including products liability flood, windstorm, earthquake and terrorism to include coverage if applicable, owners and contractors protective coverage, blanket contractual coverage including both oral and written contracts, and personal injury coverage, covering the insuring provisions of this Lease and the performance of Tenant of the indemnity and exemption of Landlord from liability agreements set forth in Article 13 hereof; (ii) a policy of standard for fire, extended coverage and special extended coverage insurance (all risks)coverage, including a vandalism and malicious mischief endorsementmischief, sprinkler leakage coverage and earthquake sprinkler leakage where sprinklers are provided in an amount equal to one hundred percent (100%) of the then full replacement value new (without deduction for depreciation deducting depreciation) of all (A) Tenant Improvementssuch buildings, Alterations, fixtures and other improvements in the Premises, including but not limited to all mechanical, plumbing, heating, ventilating, air conditioning, electrical, telecommunication and other equipment, systems and facilities, and (B) trade fixtures, furnitureimprovements, equipment and other personal property installed by or at machinery, including the expense cost of removal of debris (the “Full Replacement Cost”); (e) business interruption insurance in favor of Tenant; (iii) Worker’s Compensation coverage as required by law; and (iv) business , without a provision for co-insurance, in an amount sufficient to allow Tenant to pay Rent for the period of interruption, loss of income and extra expense insurance covering any failure or interruption of Tenant’s business equipment (including, without limitation, telecommunications equipment) and covering all other perils, failures or interruptions sufficient to cover with a period of interruption policy coverage limit of not less than twelve the amount of Rent then payable by Tenant for eighteen (1218) consecutive calendar months. ; (f) “boiler and machinery” insurance with respect to damage (not insured against pursuant to Section 10.1(a) hereof) to the boilers, pressure vessels or similar apparatus located on the Property for risks normally insured against under boiler and machinery policies; and (g) Tenant shall carry shall, at Landlord’s request, not to be unreasonably made, provide, keep and maintain during the entire Term (including any option periods, if applicable), at Tenant’s sole cost in full force and expense, increased amounts of the insurance required to be carried by Tenant pursuant to this Article 14 and effect such other reasonable types of insurance coverage for such risks and in such reasonable amounts covering the Premises and Tenant’s operations therein, as may from time to time be reasonably required by Landlordany mortgagee of the Property. Landlord and Tenant and all parties claiming under them mutually release and discharge each other from all claims and liabilities arising from or caused by any casualty or hazard to the extent covered or required hereunder to be covered in whole or in part by insurance on the Property or in connection with property on or activities conducted on the Property, and waive any right of subrogation which might otherwise exist in or accrue to any person on account thereof.

Appears in 1 contract

Samples: Lease Agreement (American Realty Capital Trust, Inc.)

Tenant’s Insurance. Tenant shall, at Tenant's expense, shall at all times maintain during the Term terms of this LeaseLease (and, and at its own cost and expenseif Tenant occupies or conducts activities in or about the Premises prior to or after the term hereof, procure and continue in force the following insurance coverage: then also during such pre-tem or post-term period); (i) Commercial General Liability Insurance, written on an occurrence basiscommercial general liability insurance including contractual liability coverage, with a minimum coverages of $3,000,000 per occurrence combined single limit for bodily injury and property damages of damage, $1,000,000 for products-completed operations coverage, 100,000 fire legal liability, $1,000,000 for personal and advertising injury (which coverage shall not less than Two Million Dollars (be subject to the contractual liability exclusion), with a $2,000,000) per occurrence 3,000,000 general aggregate limit, for injuries to, or illness or death of, persons and Three Million Dollars ($3,000,000) damage to property occurring in or about the Premises or otherwise resulting from Tenant's operations in the annual aggregateBuilding, including products liability coverage if applicable, owners and contractors protective coverage, blanket contractual coverage including both oral and written contracts, and personal injury coverage, covering the insuring provisions of this Lease and the performance of Tenant of the indemnity and exemption of Landlord from liability agreements set forth in Article 13 hereof; (ii) a policy property insurance protecting Tenant against loss or damage by fire and such other risks are insurable under the available standard forms of standard fire, extended coverage "all risk" insurance policies (excluding earthquake and special extended coverage insurance (all risksflood but including water damage), including a vandalism covering Tenant's personal property and malicious mischief endorsementtrade fixtures in or about the Premises or the Real Property, sprinkler leakage coverage and earthquake sprinkler leakage where sprinklers are provided any improvements and/or Alterations in an amount equal to the Premises, for the full replacement value new thereof without deduction for depreciation of all (A) Tenant Improvements, Alterations, fixtures and other improvements in the Premises, including but not limited to all mechanical, plumbing, heating, ventilating, air conditioning, electrical, telecommunication and other equipment, systems and facilities, and (B) trade fixtures, furniture, equipment and other personal property installed by or at the expense of Tenantdepreciation; (iii) Worker’s Compensation workers' compensation insurance in statutory limits; (iv) at least three months' coverage as required by lawfor loss of business income and continuing expenses, providing protection against any peril included within the classification "all risk," excluding earthquake and flood but including water damage; and (ivv) business interruptionif Tenant operates owned, loss leased or non-owned vehicles on the Real Property, comprehensive automobile liability insurance with a minimum coverage of income $1,000,000 per occurrence, combined single limit. The above described policies shall protect Tenant, as named insured, and extra expense insurance covering Landlord and all the other Indemnitees and any failure or interruption of Tenant’s business equipment (includingother parties designated by Landlord, without limitation, telecommunications equipment) and covering all other perils, failures or interruptions sufficient to cover a period of interruption of not less than twelve (12) months. Tenant as additional insureds; shall carry and maintain during the entire Term (including any option periods, if applicable), at Tenant’s sole cost and expense, increased amounts of the insurance required to be carried by Tenant pursuant to this Article 14 insure Landlord's and such other reasonable types parties' contingent liability with regard to acts or omissions of insurance Tenant; shall specifically include all liability assumed by Tenant under this Lease (provided, however, that such contractual liability coverage shall not limit or be deemed to satisfy Tenant's indemnity obligations under this Lease); and, if subject to deductibles, shall provide for deductible amounts not in excess of those approved in advance in writing by Landlord, which approval shall not be unreasonably withhold. Landlord reserves the right to increase the foregoing amount of liability coverage from time to time as Landlord determines is required to adequately protect Landlord and the other parties designated by Landlord from the matters insured thereby (provided, however, that Landlord makes no representation that the limits of liability required hereunder from time to time shall be adequate to protect Tenant), and to require that Tenant cause any of its contractors, vendors, movers or other parties conducting activities in such reasonable amounts covering or about or occupying the Premises to obtain and Tenant’s operations therein, maintain insurance as may determined by Landlord and as to which Landlord and such other parties designated by Landlord shall be reasonably required by Landlordadditional insureds.

Appears in 1 contract

Samples: Office Lease (Lionbridge Technologies Inc /De/)

Tenant’s Insurance. TenantTenant shall, shall at all times during the Term of this Lease, and at its own cost and expense, procure and continue in force the following insurance coverage: (i) Commercial General Liability Insurance, written on an occurrence basis, with a combined single limit for bodily injury and property damages of not less than Two Million Dollars ($2,000,000) per occurrence and Three Million Dollars ($3,000,000) in the annual aggregate, including products liability coverage if applicable, owners and contractors protective coverage, blanket contractual coverage including both oral and for written contracts, and personal injury coverage, covering the insuring provisions of this Lease and the performance of Tenant of the indemnity and exemption of Landlord from liability agreements set forth in Article 13 hereof; (ii) a policy of standard fire, extended coverage and special extended coverage insurance (all risks), including a vandalism and malicious mischief endorsement, sprinkler leakage coverage and earthquake sprinkler leakage where sprinklers are provided in an amount equal to the full replacement value new without deduction for depreciation of all (A) Tenant Improvements, Alterations, fixtures and other improvements in the Premises, including but not limited to all mechanical, plumbing, heating, ventilating, air conditioning, electrical, telecommunication and other equipment, systems and facilities, and (B) trade fixtures, furniture, equipment and other personal property installed by or at the expense of Tenant; (iii) Worker’s 's Compensation coverage as required by law; and (iv) business interruption, loss of income and extra expense insurance covering any failure or interruption of Tenant’s 's business equipment (including, without limitation, telecommunications equipment) and covering all other perils, failures or interruptions sufficient to cover a period of interruption of not less than twelve six (126) months. Tenant shall carry and maintain during the entire Term (including any option periods, if applicable), at Tenant’s 's sole cost and expense, increased amounts of the insurance required to be carried by Tenant pursuant to this Article 14 and such other reasonable types of insurance coverage and in such reasonable amounts covering the Premises and Tenant’s 's operations therein, as may be reasonably required by Landlord; provided, however, in no event shall Landlord have the right to request any increased insurance amounts or additional coverages more than once every three (3) years during the Term.

Appears in 1 contract

Samples: Standard Office Lease (Castle Biosciences Inc)

Tenant’s Insurance. Tenant(a) Tenant shall, shall at all times during the Term of this Lease, and at its own sole cost and expense, procure obtain and continue maintain in full force and effect at all times with respect to the following Premises insurance coverage: throughout the Term and any extension and or renewal thereof (and such other times, if any, as Tenant occupies the Premises) which coverage shall include the following: (i) Commercial General Liability Insurance, written on an occurrence basis, with a combined single limit commercial general liability insurance for bodily injury and property damages damage including the following extensions: owners and contractors protective; pollution coverage with hostile fire coverage only; products and completed operations; personal injury; occurrence basis property coverage; blanket contractual; non-owned automobile liability; severability of interests; cross liability; and employer’s liability, all on an occurrence basis with coverage for any one occurrence or claim of not less than Two Five Million Dollars ($2,000,0005,000,000.00) Dollars per occurrence occurrence; (ii) “all risks” property insurance covering the Leasehold Improvements, and Three Million Dollars ($3,000,000) all other property of every description, nature and kind owned by Tenant or for which Tenant is legally liable, which is installed, located or situate in or about the Premises or elsewhere in the annual aggregateProject, including products liability coverage without limitation, trade fixtures, furnishings, equipment, all inventory or stock in trade and all signs in, on or about the Premises, for not less than the full replacement cost thereof and shall include a stated amount co-insurance clause and a breach of conditions clause; (iii) if applicable, owners broad form comprehensive boiler and contractors protective coverage, blanket contractual coverage including both oral and written contracts, and personal injury coverage, covering machinery insurance on all insurable objects located on the insuring provisions Premises or which are the property or responsibility of this Lease and the performance of Tenant of the indemnity and exemption of Landlord from liability agreements set forth in Article 13 hereof; (ii) a policy of standard fire, extended coverage and special extended coverage insurance (all risks)Tenant, including a vandalism and malicious mischief repair or replacement endorsement, sprinkler leakage coverage and earthquake sprinkler leakage where sprinklers are provided in an amount equal to the full replacement value new without deduction for depreciation of all (A) Tenant Improvements, Alterations, fixtures and other improvements in the Premises, including but not limited to all mechanical, plumbing, heating, ventilating, air conditioning, electrical, telecommunication and other equipment, systems and facilities, and (B) trade fixtures, furniture, equipment and other personal property installed by or at the expense of Tenant; (iii) Worker’s Compensation coverage as required by law; and ; (iv) business interruptioninterruption insurance, including extra expense insurance, either as an extension to or on the same form as the insurance referred to in subsections 13.3(a)(ii) and 13.3(a)(iii) above, and in such amounts from time to time as necessary to fully compensate Tenant for direct or indirect loss of income sales or earnings and extra expense expenses incurred resulting from or attributable to any of the perils required to be insured against under the policies referred to in subsections 13.3(a)(ii) and 13.3(a)(iii) above and all circumstances usually insured against by prudent tenants including losses resulting from interference with or prevention of access to the Premises or the Project as a result of such perils or for any other reason; (v) plate glass insurance covering on all internal and external glass within, fronting or forming part of the Premises; however notwithstanding the foregoing, Tenant may elect to self insure for the insurance described in this 13.3(a)(v); and (vi) any failure other insurance against such risks and in such form and amounts as Landlord may from time to time reasonably require upon not less than thirty (30) days’ written notice, provided Landlord agrees it shall not require Tenant to maintain additional insurance coverage unless such additional insurance coverage has become generally accepted insurance, generally maintained by comparable tenants or interruption is required as a result of the particular nature of Tenant’s business equipment (including, without limitation, telecommunications equipment) and covering all other perils, failures or interruptions sufficient to cover a period of interruption of not less than twelve (12) months. Tenant shall carry and maintain during the entire Term (including any option periods, if applicable), at Tenant’s sole cost and expense, increased amounts of the insurance required to be carried by Tenant pursuant to this Article 14 and such other reasonable types of insurance coverage and in such reasonable amounts covering the Premises and Tenant’s operations therein, as may be reasonably required by Landlordoperations.

Appears in 1 contract

Samples: Multi Tenant Office Lease (Primerica, Inc.)

Tenant’s Insurance. Tenant, shall at all times during the Term of this Lease, and at its own cost and expense, procure and continue in force the following insurance coverage: (i) Commercial General Liability Insurance, written on an occurrence basis, Insurance with a combined single limit for bodily injury and property damages of not less than Two Million Dollars ($2,000,000) per occurrence and Three Million Dollars ($3,000,000) in the annual aggregate, including products liability coverage if applicable, owners and contractors protective coverage, blanket contractual coverage including both oral and written contracts, and personal injury coverage, covering the insuring provisions of this Lease and the performance of Tenant of the indemnity and exemption of Landlord from liability agreements set forth in Article 13 hereof; (ii) a policy of standard fire, extended coverage and special extended coverage insurance (all risks), including a vandalism and malicious mischief endorsement, sprinkler leakage coverage and earthquake sprinkler leakage where sprinklers are provided in an amount equal to the full replacement value new without deduction for depreciation of all (A) Tenant Improvements, Alterations, fixtures and other improvements in the Premises, including but not limited to all mechanical, plumbing, heating, ventilating, air conditioning, electrical, telecommunication and other equipment, systems and facilities, Premises and (B) trade fixtures, furniture, equipment and other personal property installed by or at the expense of Tenant; (iii) Worker’s 's Compensation coverage as required by law; and (iv) business interruption, loss of income and extra expense insurance covering any failure or interruption of Tenant’s business 's telecommunications equipment (including, without limitation, telecommunications equipment) and covering all other perils, failures or interruptions sufficient to cover a period of interruption of not less than twelve (12) monthsinterruptions. Tenant shall carry and maintain during the entire Lease Term (including any option periods, if applicable), at Tenant’s 's sole cost and expense, increased amounts of the insurance required to be carried by Tenant pursuant to this Article 14 and such other reasonable types of insurance coverage and in such reasonable amounts covering the Premises and Tenant’s 's operations therein, as may be reasonably required by Landlord.

Appears in 1 contract

Samples: Standard Office Lease (Matchnet, Inc.)

Tenant’s Insurance. Tenant, shall at all times during On or before the Term of this LeaseCommencement Date, and continuing throughout the entire Term hereof and any other period of occupancy, Tenant agrees to keep in full force and effect, at its own sole cost and expense, procure and continue in force the following insurance coverage: insurance: (i) Commercial General Liability Insurance, written on an occurrence basis, with a combined single limit for bodily injury and property damages of not less than Two Million Dollars ($2,000,000) per occurrence and Three Million Dollars ($3,000,000) in the annual aggregate, including products liability coverage if applicable, owners and contractors protective coverage, blanket contractual coverage including both oral and written contracts, and personal injury coverage, covering the insuring provisions of this Lease and the performance of Tenant of the indemnity and exemption of Landlord from liability agreements set forth in Article 13 hereof; (ii) a policy of standard fire, extended coverage and special extended coverage insurance (all risks), including a vandalism and malicious mischief endorsement, sprinkler leakage coverage and earthquake sprinkler leakage where sprinklers are provided in an amount equal Insurance against physical loss or damage to the full replacement value new without deduction for depreciation Premises and any office furniture, trade fixtures, office equipment, merchandise and all other items of all (A) Tenant Improvements, Alterations, fixtures and other improvements in Tenant’s property on the Premises, as provided under a special form property insurance policy including but not limited to all mechanicalflood, plumbing, heating, ventilating, air conditioning, electrical, telecommunication (if the Premises is in a flood zone) and other earthquake coverage in amounts not less than the actual replacement cost of the Premises and any equipment, systems except that for earthquake and facilitiesflood coverage, the amount shall be not less than $5,000,000. Such policies shall contain a replacement cost endorsement, an agreed amount endorsement deleting any co-insurance provisions, a law and ordinance endorsement, and shall contain deductibles not more than $50,000 per occurrence, except for earthquake and flood insurance, for which the deductible shall be not more than $100,000 per occurrence. (Bii) trade fixtures, furniture, Comprehensive boiler and machinery and equipment breakdown insurance on any of the machinery and equipment on a full replacement cost basis on or in the Premises. The insurance required under this Subparagraph 19(a)(ii) can be covered under a blanket umbrella insurance policy so long as the Premises (and coverage limits) are separately specified on such policy and the coverage afforded thereby is not diminished or reduced by losses relating to other personal property installed properties covered by or at the expense of Tenant; such policy. (iii) Business income/interruption insurance to include loss of business interruption at limits sufficient to cover 100% of the annual revenues minus any non-fixed expenses payable by Tenant to Landlord with a period of indemnity not less than eighteen (18) months from time of loss. (iv) During any period in which substantial alterations at the Premises are being undertaken, builder’s risk insurance covering the total completed value including any “soft costs” with respect to the Improvements being altered or repaired (on a completed value, non-reporting basis), replacement cost of work performed and equipment, supplies and materials furnished in connection with such construction or repair of the Premises, together with such “soft cost” endorsements and such other endorsements as Landlord may require and general liability, worker’s compensation and automobile liability insurance with respect to the improvements being constructed, altered or repaired. (v) Commercial general liability insurance (including but not limited to liquor liability if liquor will be sold or distributed on the Premises) and business automobile liability insurance (including owned, non-owned and hired automobile liability) against claims for personal and bodily injury, death or property damage occurring on, in or as a result of the use of the Premises, in an amount not less than $10,000,000 per occurrence/annual aggregate and all other coverage extensions that are usual and customary for properties of this size and type. (vi) Worker’s compensation insurance covering all persons employed by Tenant in connection with any work done on or about any of the Premises for which claims for death, disease or bodily injury may be asserted against Landlord, Tenant or the Premises or, in lieu of such Worker’s Compensation coverage as required by law; Insurance, a program of self-insurance complying with the rules, regulations and (iv) business interruption, loss of income and extra expense insurance covering any failure or interruption of Tenant’s business equipment (including, without limitation, telecommunications equipment) and covering all other perils, failures or interruptions sufficient to cover a period of interruption of not less than twelve (12) months. Tenant shall carry and maintain during the entire Term (including any option periods, if applicable), at Tenant’s sole cost and expense, increased amounts requirements of the appropriate agency of the State of Colorado. (vii) Such other insurance (or other terms with respect to any insurance required to be carried by Tenant pursuant to this Article 14 Paragraph 19, including without limitation amounts of coverage, deductibles, and such other reasonable types form of insurance coverage mortgagee clause) as Landlord may reasonably require, which at the time is usual and commonly obtained in such reasonable amounts covering connection with properties similar in type of building size, use and location to the Premises and Tenant’s operations therein, as may be reasonably required by LandlordPremises.

Appears in 1 contract

Samples: Industrial/Commercial Lease (Hei Inc)

Tenant’s Insurance. Tenant, shall at all times during the Term of this Lease, and at its own cost and expense, procure and continue in force the following insurance coverage: (i) Commercial General Liability Insurance, written on an occurrence basis, with a combined single limit for bodily injury and property damages of not less than Two Million Dollars ($2,000,000) per occurrence and Three Million Dollars ($3,000,000) in the annual aggregate, including products liability coverage if applicable, owners and contractors protective coverage, blanket contractual coverage including both oral and written contracts, and personal injury coverage, covering the insuring provisions of this Lease and the performance of Tenant of the indemnity and exemption of Landlord from liability agreements set forth in Article 13 hereof; (ii) a policy of standard fire, extended coverage and special extended coverage insurance (all risks), including a vandalism and malicious mischief endorsement, sprinkler leakage coverage and earthquake sprinkler leakage where sprinklers are provided in an amount equal to the full replacement value new without deduction for depreciation of all (A) Tenant Improvements, Alterations, fixtures and other improvements in the Premises, including but not limited to all mechanical, plumbing, heating, ventilating, air conditioning, electrical, telecommunication and other equipment, systems and facilities, and (B) trade fixtures, furniture, equipment and other personal property installed by or at the expense of Tenant; (iii) Worker’s Compensation coverage as required by law; and (iv) business interruption, loss of income and extra expense insurance covering any failure or interruption of Tenant’s business equipment (including, without limitation, telecommunications equipment) and covering all other perils, failures or interruptions sufficient to cover a period of interruption of not less than twelve (12) months. Tenant shall carry and maintain during the entire Lease Term (including any option periods, if applicable), at Tenant’s sole cost and expense, increased amounts of the insurance required to be carried by Tenant pursuant to this Article 14 and such other reasonable types of insurance coverage and in such reasonable amounts covering the Premises and Tenant’s operations therein, as may be reasonably required by Landlord.

Appears in 1 contract

Samples: Standard Office Lease (Alliance Bancshares California)

Tenant’s Insurance. TenantTenant shall maintain, shall at all times during the Term of this Lease, and at its own sole cost and expense, procure and continue in force the following insurance coverage: (i) Commercial General Liability Insurance, written on an occurrence basis, coverages with a combined single limit for bodily injury and property damages limits of not less than Two Million Dollars the greater of ($2,000,000i) per occurrence and Three Million Dollars those set forth hereunder, ($3,000,000ii) in those evidenced on the annual aggregate, including products liability coverage if applicable, owners and contractors protective coverage, blanket contractual coverage including both oral and written contractsdeclaration page of the pertinent insurance policy, and personal injury coverage(iii) those required by law. 8.04.2.1 Commercial General Liability Insurance issued on terms no less broad than the most current ISO CG 00 01 occurrence form, covering the insuring provisions insured against claims of this Lease bodily injury, personal and advertising injury and property damage (including loss of use thereof) arising out of Tenant’s operations, products/completed operations, social or host liquor liability (if applicable), and “insured contracts” (as defined by the performance of Tenant of the indemnity and exemption of Landlord from liability agreements set forth in Article 13 hereof; (ii) a policy of standard fire, extended coverage and special extended coverage insurance (all risksmost current ISO CG 00 01 form), including a vandalism Separation of Insureds provision with no exclusion for cross-liability, and malicious mischief endorsementincluding the Additional Insureds (as defined hereunder) as additional insureds with respect to both ongoing and completed operations coverage on a primary and non-contributory basis, sprinkler leakage coverage for limits of liability of not less than: (a) $1,000,000 each occurrence (b) $2,000,000 annual aggregate per location (c) $1,000,000 personal and earthquake sprinkler leakage where sprinklers are provided advertising injury (d) $2,000,000 products-completed operations 8.04.2.2 Property Insurance covering (i) all office furniture, business and trade fixtures, office equipment, free-standing cabinet work, movable partitions, merchandise and all other items of Tenant’s property on the Premises installed by, for, or at the expense of Tenant, and (ii) all Alterations and any other improvements made in the Premises by Tenant (the “New Improvements”). Such insurance shall be written on an amount equal to “all risks” of physical loss or damage basis, for the full replacement cost value (subject to reasonable deductible amounts) new without deduction for depreciation of all (A) Tenant Improvementsthe covered items and in amounts that meet any co-insurance clauses of the policies of insurance and shall include coverage for damage or other loss caused by fire or other peril including, Alterations, fixtures and other improvements in the Premises, including but not limited to all mechanicalto, plumbinghail, heatingwindstorm, ventilatingflood, air conditioningearthquake, electricalterrorism, telecommunication vandalism and other equipmentmalicious mischief, systems and facilitiestheft, water damage of any type, including sprinkler leakage, bursting or stoppage of pipes, and explosion. 8.04.2.3 Business Income Interruption for one (B1) trade fixtures, furniture, equipment and other personal property installed by year plus Extra Expense insurance in such amounts as will reimburse Tenant for actual direct or at the expense of Tenant; (iii) Worker’s Compensation coverage as required by law; and (iv) business interruption, indirect loss of income earnings attributable to the risks outlined in Section 8.04.2.2 above or for any forced closing due to governmental restrictions. 8.04.2.4 Auto Liability Insurance covering liability arising out of any auto, including owned (if any), non-owned, leased, and extra expense insurance covering any failure or interruption of Tenant’s business equipment (includinghired autos, without limitation, telecommunications equipment) and covering all other perils, failures or interruptions sufficient to cover with a period of interruption limit of not less than twelve (12) months. Tenant shall carry $1,000,000 combined single limit each accident for bodily injury and maintain during the entire Term (including any option periods, if applicable), at Tenant’s sole cost and expense, increased amounts of the insurance required to be carried by Tenant pursuant to this Article 14 and such other reasonable types of insurance coverage and in such reasonable amounts covering the Premises and Tenant’s operations therein, as may be reasonably required by Landlordproperty damage.

Appears in 1 contract

Samples: Lease Agreement (Liquidia Corp)

Tenant’s Insurance. TenantTenant shall obtain and keep in effect throughout the Lease Term, shall at all times during the Term of this Lease, and at its own sole cost and expense, procure and continue in force the following insurance coverage: : (i) Commercial General Liability Insurance, written on an occurrence basisBodily injury and property damage liability insurance, with a combined single occurrence limit for bodily injury and property damages of not less than Two Million Dollars ($2,000,000) per 2,000,000 written on an "occurrence and Three Million Dollars ($3,000,000) in the annual aggregate, including products liability basis". All such insurance will be equivalent to coverage if applicable, owners and contractors protective coverage, blanket contractual coverage including both oral and written contracts, and personal injury coverage, covering the insuring provisions of this Lease and the performance of Tenant of the indemnity and exemption of Landlord from liability agreements set forth in Article 13 hereof; (ii) offered by a policy of standard fire, extended coverage and special extended coverage insurance (all risks), including a vandalism and malicious mischief endorsement, sprinkler leakage coverage and earthquake sprinkler leakage where sprinklers are provided in an amount equal to the full replacement value new without deduction for depreciation of all (A) Tenant Improvements, Alterations, fixtures and other improvements in the Premises, including but not limited to all mechanical, plumbing, heating, ventilating, air conditioning, electrical, telecommunication and other equipment, systems and facilities, and (B) trade fixtures, furniture, equipment and other personal property installed by or at the expense of Tenant; (iii) Worker’s Compensation coverage as required by law; and (iv) business interruption, loss of income and extra expense insurance covering any failure or interruption of Tenant’s business equipment (Commercial General Liability form including, without limitation, telecommunications personal injury and contractual liability coverage for the performance by Tenant of the indemnity agreements set forth in this Lease; (ii) Insurance covering ail of Tenant's furniture and fixtures, machinery, equipment) , stock and covering all any other perilspersonal property owned and used in Tenant's business and found in, failures on or interruptions sufficient about the Shopping Center, and any leasehold improvements to cover the Premises in excess of the allowance, if any, provided pursuant to a period of interruption of work letter in an amount not less than twelve (12) monthsthe full replacement cost. Tenant shall carry and maintain during Property forms will provide coverage on a broad form basis insuring against "all risks of direct physical loss." All policy proceeds will be used for the entire Term (including any option periodsrepair or replacement of the property damaged or destroyed; however, if applicable)this Lease ceases under the provisions of Article 14, at Tenant will be entitled to any proceeds resulting from damage to Tenant’s sole cost 's furniture and expensefixtures, increased amounts machinery and equipment, stock and any other personal property; (iii) Worker's compensation insurance insuring against and satisfying Tenant's obligations and liabilities under the worker's compensation laws of the state in which the Premises are located, including employer's liability insurance in the limits required to by the laws of the state in which the Shopping Center is located; and (iv) If Tenant operates owned, hired or non-owned vehicles on the Shopping Center, comprehensive automobile liability will be carried by Tenant pursuant to this Article 14 at a limit of liability not less than $500,000 combined bodily injury and such other reasonable types of insurance coverage and in such reasonable amounts covering the Premises and Tenant’s operations therein, as may be reasonably required by Landlordproperty damage.

Appears in 1 contract

Samples: Shopping Center Lease (Southern Concepts Restaurant Group, Inc.)

Tenant’s Insurance. Tenant, shall at all times during the Term of this Lease, and at its own cost and expense, procure and continue in force the following insurance coverage: (i) Commercial General Liability Insurance, written on an occurrence basis, with a combined single DOCPROPERTY "DocID" \* MERGEFORMAT limit for bodily injury and property damages of not less than One Million Dollars ($1,000,000) per occurrence and Two Million Dollars ($2,000,000) per occurrence and Three Million Dollars ($3,000,000) in the annual aggregate, including products liability coverage if applicable, owners and contractors protective coverage, blanket contractual coverage including both oral and written contracts, and personal injury coverage, covering the insuring provisions of this Lease and the performance of Tenant of the indemnity and exemption of Landlord from liability agreements set forth in Article 13 hereof; (ii) umbrella/excess liability insurance in an amount of not less than Five Million Dollars ($5,000,000) for each occurrence and general aggregate; (iii) a policy of standard fire, extended coverage and special extended coverage insurance (all risksspecial form), including a vandalism and malicious mischief endorsement, sprinkler leakage coverage and earthquake sprinkler leakage where sprinklers are provided in an amount equal to the 100% full replacement value new without deduction for depreciation of all (A) Tenant Improvements, Alterations, fixtures and other improvements in the Premises, including but not limited to all mechanical, plumbing, heating, ventilating, air conditioning, electrical, telecommunication and other equipment, systems and facilities, and (B) trade fixtures, furniture, equipment and other personal property installed by or at the expense of TenantTenant or otherwise located in the Premises and with such policy naming Landlord as loss payee as its interests may appear; (iiiiv) Worker’s Compensation and employers liability coverage as required by lawlaw and with limits of not less than $1,000,000, each accident, $1,000,000, disease policy limit, and $1,000,000, disease each employee (which policies shall contain waivers of subrogation in favor of Landlord); and (ivv) business interruption, loss of income and extra expense insurance covering with coverage that will reimburse Tenant for all direct and indirect loss of income and changes and costs incurred arising out of all named perils insured against by Xxxxxx’s policies of property insurance, including prevention of, or denial of use of or access to, all or any failure part of the Premises or interruption Building as a result of Tenant’s business equipment (including, without limitation, telecommunications equipment) and covering all other perils, failures or interruptions those named perils sufficient to cover a period of interruption of not less than twelve (12) monthsmonths of the loss of income, charges and costs contemplated under this Lease. Pollution Legal Liability insurance shall also be required if Tenant stores, handles, generates or treats Hazardous Materials on or about the Premises. Such coverage shall include bodily injury, sickness, disease, death or mental anguish or shock sustained by any person; property damage including damage to or destruction of tangible property including the resulting loss of use thereof, clean-up costs, and the loss of use of tangible property that has not been damaged or destroyed; defense costs, charges and expenses incurred in the investigation, adjustment or defense of claims for such compensatory damages; and diminution in value of the Building or any portion thereof. Such coverage shall apply to both sudden and non-sudden pollution conditions including the discharge, dispersal, release or escape of smoke, vapors, soot, fumes, acids, alkalis, toxic chemicals, liquids or gases, waste materials or other irritants, contaminants or pollutants into or upon land, the atmosphere or any watercourse or body of water. Claims-made coverage is permitted for Pollution Legal Liability insurance, provided the policy retroactive date is as of the Commencement Date, and coverage is continuously maintained during all periods in which Tenant occupies the Premises. Coverage for Pollution Legal Liability insurance shall be maintained with limits of not less than $1,000,000 per incident with a $2,000,000 policy aggregate and for a period of two (2) years after Tenant ceases to occupy the Premises. Finally, Tenant shall carry and maintain during the entire Term (including any option periods, if applicable), at Tenant’s sole cost and expense, increased amounts of the insurance required to be carried by Tenant pursuant to this Article 14 and such other reasonable types of insurance coverage and in such reasonable amounts covering the Premises and Tenant’s operations therein, as may be reasonably required by Landlord.

Appears in 1 contract

Samples: Lease Agreement (KalVista Pharmaceuticals, Inc.)

Tenant’s Insurance. Tenant, shall at all times during the Term of this Lease, and at its own cost and expense, procure and continue in force the following insurance coverage: (i) Commercial General Liability Insurance, written on an occurrence basis, with a combined single limit for bodily injury and property damages of not less than Two Million Dollars ($2,000,000) per occurrence and Three Million Dollars ($3,000,000) in the annual aggregate, including products liability coverage if applicable, owners and contractors protective coverage, blanket contractual coverage including both oral and written contracts, and personal injury coverage, covering the insuring provisions of this Lease and the performance of Tenant of the indemnity and exemption of Landlord from liability agreements set forth in Article 13 hereof; (ii) a policy of standard fire, extended coverage and special extended coverage insurance (all risks), including a vandalism and malicious mischief endorsement, endorsement and sprinkler leakage coverage and earthquake sprinkler leakage where sprinklers are provided in an amount equal to the full replacement value new without deduction for depreciation of all (A) Tenant Improvements, Alterations, fixtures and other improvements in the Premises, including but not limited to all mechanical, plumbing, heating, ventilating, air conditioning, electrical, telecommunication and other equipment, systems and facilities, and (B) trade fixtures, furniture, equipment and other personal property installed by or at the expense of Tenant; (iii) Worker’s 's Compensation coverage as required by law; and (iv) business interruption, loss of income and extra expense insurance covering any failure or interruption of Tenant’s 's business equipment (including, without limitation, telecommunications equipment) and covering all other perils, failures or interruptions sufficient to cover a period of interruption in an amount of not less than twelve Five Hundred Thousand Dollars (12) months$500,000.00). Tenant shall carry and maintain during the entire Term (including any option periods, if applicable), at Tenant’s 's sole cost and expense, increased amounts of the insurance required to be carried by Tenant pursuant to this Article 14 and such other reasonable types of insurance coverage and in such reasonable amounts covering the Premises and Tenant’s 's operations therein, as may be reasonably required by Landlord, but Landlord shall only be entitled to require such increased amounts and/or other coverages if they are then generally required by owners of comparable office buildings in the San Diego, California area.

Appears in 1 contract

Samples: Office Lease (Mitek Systems Inc)

Tenant’s Insurance. TenantEffective as of the Delivery of Possession Date and continuing throughout the Lease Term and any extensions or renewals thereof, including, without limitation, any holdover with or without Landlord’s consent, Tenant shall at all times during the Term of this Leaseprocure, pay for and at its own cost keep in full force and expenseeffect, procure and continue in force the following insurance coverage: types of insurance: (ia) Commercial General Liability InsuranceInsurance Policy insuring the Premises and Tenant’s use thereof, written on together with contractual liability endorsements covering Tenant’s obligations set forth in Article XI, Section A, above, in a form satisfactory to Landlord with companies having an occurrence basisA.M. Best Rating or its equivalent of A-VIII or better, and with a combined single minimum limit of One Million and 00/100 Dollars ($1,000,000.00) on account of bodily injuries to or death or property damage for bodily injury each occurrence and property damages a minimum limit of not less than Two Million Dollars ($2,000,0002,000,000.00) per occurrence annual general aggregate. The aggregate limit may be satisfied through a combination of primary and Three Million Dollars umbrella/excess liability insurance. Such insurance shall also provide that the general aggregate limits apply separately to each insured location, if applicable. The foregoing policy shall name Landlord and such other parties as Landlord may from time to time designate in writing to Tenant as additional insureds under Tenant’s insurance policy and shall bear endorsements to the effect that the insurer agrees to notify all additional insureds not less than thirty ($3,000,00030) days in advance of any modification or cancellation thereof; (b) Special Form Cause of Loss Policy insuring against fire and such other risks as are, from time to time, included in standard extended coverage endorsements (including, but not limited to earthquake, flood, boiler and machinery, plate glass, power failure, mold, windstorm, terrorism, seepage or leakage), insuring all leasehold and building improvements in the annual aggregatePremises which were originally constructed by Tenant, including products liability coverage if applicableTenant’s stock-in-trade, owners trade fixtures, furniture, furnishings, special equipment, floor and contractors protective coverage, blanket contractual coverage including both oral and written contractswall coverings, and all other items of personal injury coverage, covering the insuring provisions of this Lease and the performance property of Tenant located on or within the Premises, such coverage to be in an amount equal to one hundred percent (100%) of the indemnity replacement cost thereof. The foregoing policy shall name Landlord and exemption such other parties as Landlord may from time to time designate in writing to Tenant as loss payee under Tenant’s insurance policy and shall bear endorsements to the effect that the insurer agrees to notify all loss payees not less than thirty (30) days in advance of Landlord from liability agreements set forth in Article 13 hereof; any modification or cancellation thereof; (iic) a policy of standard fire, extended coverage and special extended coverage Workers’ compensation insurance (meeting the requirements of the state workers’ compensation laws) and employer liability insurance covering all risks)of Tenant’s employees at the Premises. Tenant shall also use good faith efforts to ensure all contractors, including a vandalism sub-contractors, vendors, leased employees, and malicious mischief endorsement, sprinkler leakage coverage and earthquake sprinkler leakage where sprinklers temporary employees are provided properly insured for workers’ compensation; (d) Business interruption or loss of income insurance in an amount equal to the full replacement value new without deduction for depreciation of all (A) Tenant ImprovementsMinimum Rent, AlterationsPercentage Rent, fixtures and other improvements in the Premises, including but not limited to all mechanical, plumbing, heating, ventilating, air conditioning, electrical, telecommunication and other equipment, systems and facilitiesif any, and any other Additional Rent (Bhereunder defined) trade fixtures, furniture, equipment and other personal property installed by or at the expense of Tenant; (iii) Worker’s Compensation coverage as required by law; and (iv) business interruption, loss of income and extra expense insurance covering any failure or interruption of Tenant’s business equipment (including, without limitation, telecommunications equipment) and covering all other perils, failures or interruptions sufficient to cover payable under this Lease for a minimum period of interruption of not less than twelve (12) months; (e) Plate glass insurance covering all plate glass on the Premises at full replacement value; and, (f) Any insurance policies designated necessary by Landlord with regard to Tenant’s, or Tenant’s contractors’ construction of Tenant’s Work, as well as with regard to the construction of alterations including, but not limited to, contingent liability and “all risk” builders’ risk insurance. Tenant shall carry deposit with Landlord prior to the date of any use or occupancy of the Premises by Tenant certificates evidencing Tenant’s compliance with each of the required coverages. To the extent that any of the foregoing policies shall change in name and/or coverage due to general changes in the insurance industry, Tenant shall obtain and maintain during the entire Term (including any option periods, if applicable), at Tenant’s sole cost equivalent policies and expense, increased amounts of coverages as are then recognized in the insurance required to be carried by Tenant pursuant to this Article 14 and such other reasonable types of insurance coverage and in such reasonable amounts covering the Premises and Tenant’s operations therein, as may be reasonably required by Landlordindustry.

Appears in 1 contract

Samples: Purchase Agreement (Rex Stores Corp)

Tenant’s Insurance. Tenant, shall at At all times during the Term of this LeaseTerm, Tenant will carry and maintain, at its own cost and Tenant’s expense, procure and continue in force the following insurance, in the amounts specified below or such other amounts as Landlord may from time to time reasonably request, with insurance coverage: companies and on forms satisfactory to Landlord: (ia) Commercial General Liability Insurance, written on an occurrence basisgeneral liability insurance (ISO CG 00 01 or equivalent in effect from time to time in the State of New Jersey), with a combined single an aggregate limit of not less than $3,000,000 for bodily injury and property damages damage applicable on a per location basis to the Project location. All such insurance will include, without limitation, personal injury and contractual liability coverage; (b) Special form causes of loss property insurance (ISO CP 10 30 or equivalent in effect from time to time in the State of New Jersey) covering all of Tenant’s furniture and fixtures, machinery, equipment, stock, and any other personal property owned and used in Tenant’s business and found in, on, or about the Project, and any leasehold improvements to the Premises constructed or installed by Tenant in an amount not less than Two Million Dollars ($2,000,000) per occurrence and Three Million Dollars ($3,000,000) in the annual aggregate, including products liability coverage if applicable, owners and contractors protective coverage, blanket contractual coverage including both oral and written contracts, and personal injury coverage, covering the insuring provisions of this Lease and the performance of Tenant of the indemnity and exemption of Landlord from liability agreements set forth in Article 13 hereof; (ii) a policy of standard fire, extended coverage and special extended coverage insurance (all risks), including a vandalism and malicious mischief endorsement, sprinkler leakage coverage and earthquake sprinkler leakage where sprinklers are provided in an amount equal to the full replacement value new without deduction and providing Business Income and Extra Expense coverage. Property forms will provide coverage on a broad form basis insuring against “all risks of direct physical loss.” All policy proceeds will be used for depreciation the repair or replacement of all the property damaged or destroyed; however, if this Lease ceases under the provisions of Article 18, Tenant will be entitled to any proceeds resulting from damage to Tenant’s furniture and fixtures, machinery, equipment, stock, and any other personal property; (Ac) Tenant ImprovementsXxxxxx’s compensation insurance insuring against and satisfying Tenant’s obligations and liabilities under the worker’s compensation laws of the State of New Jersey, Alterations, fixtures and other improvements including employer’s liability insurance in the Premises, including but not limited to all mechanical, plumbing, heating, ventilating, air conditioning, electrical, telecommunication and other equipment, systems and facilities, and (B) trade fixtures, furniture, equipment and other personal property installed by or at the expense of Tenant; (iii) Worker’s Compensation coverage as limits required by lawthe laws of the State of New Jersey; and and (ivd) business interruptionIf Tenant operates owned, loss hired, or non-owned vehicles on the Project, comprehensive automobile liability at a limit of income and extra expense insurance covering any failure or interruption of Tenant’s business equipment (including, without limitation, telecommunications equipment) and covering all other perils, failures or interruptions sufficient to cover a period of interruption of liability not less than twelve (12) months. Tenant shall carry $500,000 combined bodily injury and maintain during the entire Term (including any option periods, if applicable), at Tenant’s sole cost and expense, increased amounts of the insurance required to be carried by Tenant pursuant to this Article 14 and such other reasonable types of insurance coverage and in such reasonable amounts covering the Premises and Tenant’s operations therein, as may be reasonably required by Landlordproperty damage.

Appears in 1 contract

Samples: Lease (BioPlus Acquisition Corp.)

Tenant’s Insurance. Throughout the Lease Term, Tenant shall maintain the following coverages in the following amounts: 9.1.1. Commercial general liability insurance, which may be satisfied through a combination of primary and excess/umbrella insurance, including property damage, against liability for personal injury, bodily injury, death and damage to property (including loss of use thereof) based upon or arising out of Tenant's operations, shall at occupancy or maintenance of the Project and all times during the Term appurtenances thereto, and including contractual liability coverage insuring Tenant's performance of its obligations under this Lease, and at its own cost and expense, procure and continue in force the following insurance coverage: (i) Commercial General Liability Insurance, written on an occurrence basis, with a combined single limit for bodily injury and property damages of not less than Two Million Dollars ($2,000,000) per occurrence and Three Million Dollars ($3,000,000) in the annual aggregate, including products liability coverage if applicable, owners and contractors protective coverage, blanket contractual coverage including both oral and written contracts, and personal injury coverage, covering the insuring provisions of this Lease and the performance of Tenant of the indemnity and exemption of Landlord from liability agreements set forth in Article 13 hereof; Section 10.1, below, for limits of liability not less than: $5,000,000 Each Occurrence $5,000,000 General Aggregate $5,000,000 Products/Completed Operations Aggregate $5,000,000 Personal & Advertising Injury 9.1.2. Fire and property damage insurance in so-called "special form" or "all risk" form, insuring (iii) a policy of standard fireall office furniture, extended coverage business and special extended coverage insurance (all risks), including a vandalism and malicious mischief endorsement, sprinkler leakage coverage and earthquake sprinkler leakage where sprinklers are provided in an amount equal to the full replacement value new without deduction for depreciation of all (A) Tenant Improvements, Alterations, fixtures and other improvements in the Premises, including but not limited to all mechanical, plumbing, heating, ventilating, air conditioning, electrical, telecommunication and other equipment, systems and facilities, and (B) trade fixtures, furnitureoffice equipment, equipment free-standing cabinet work, movable partitions, merchandise and all other personal items of Tenant's property on the Premises installed by by, for, or at the expense of Tenant; , (ii) the Tenant Improvements and any other improvements which exist in the Premises as of the Lease Commencement Date (excluding the Building Structure) (collectively, the "Original Improvements"), and (iii) Worker’s Compensation all other Alterations, improvements and additions to the Premises, for the full replacement cost thereof, without deduction for depreciation of the covered items and in amounts that meet any co-insurance clauses of the policies of insurance and shall include coverage as required for damage or other loss caused by law; and (iv) business interruption, loss of income and extra expense insurance covering any failure fire or interruption of Tenant’s business equipment (other peril including, without limitationbut not limited to, telecommunications equipmentvandalism and malicious mischief, theft, water damage, including sprinkler leakage, bursting or stoppage of pipes, and explosion; and 9.1.3. Insurance for: (a) Business Auto Liability covering owned, non-owned and covering all other perils, failures or interruptions sufficient to cover hired vehicles with a period of interruption limit of not less than twelve $1,000,000 per accident; (12b) monthsStatutory Workers Compensation and Employers Liability with limits of not less than $1,000,000 pursuant to all applicable state and local statutes and regulations; and (c) Business Interruption Insurance for a period of one (1) year. In addition, whenever Tenant shall carry undertake any Alterations, additions or improvements in, to or about the Premises, the aforesaid insurance protection must extend to and maintain during the entire Term (include injuries to persons and damage to property arising in connection with such Work, including liability under any option periodsapplicable structural work act, if applicable), at Tenant’s sole cost and expense, increased amounts of the insurance required to be carried by Tenant pursuant to this Article 14 and such other reasonable types insurance as Landlord shall require; and the policies of or certificates evidencing such insurance coverage and in must be delivered to Landlord prior to the commencement of any such reasonable amounts covering work. 9.1.4. Excess/Umbrella Liability with a limit of not less than $4,000,000 scheduling as primary insurance the Premises and Tenant’s operations thereinCommercial General Liability, as may be reasonably required by Landlord.Auto

Appears in 1 contract

Samples: Lease Agreement (PROCEPT BioRobotics Corp)

Tenant’s Insurance. Tenant, shall at all times during the Term of this Lease, and at its own cost and expense, procure and continue in force the following insurance coverage: (i) Commercial General Liability Insurance, written on an occurrence basis, Insurance with a combined single limit for bodily injury and property damages of not less than Two Million Dollars ($2,000,000) per occurrence and Three Million Dollars ($3,000,000) per occurrence and Five Million Dollars ($5,000,000) in the annual aggregate, including products liability coverage if applicable, owners and contractors protective coverage, blanket contractual coverage including both oral and written contracts, and personal injury coverage, covering the insuring provisions of this Lease and the performance of Tenant of the indemnity and exemption of Landlord from liability agreements set forth in Article 13 hereof; (ii) a policy of standard fire, extended coverage and special extended coverage insurance (all risks), including a vandalism and malicious mischief endorsement, sprinkler leakage coverage and earthquake sprinkler leakage where sprinklers are provided in an amount equal to the full replacement value new without deduction for depreciation of all (A) Tenant Improvements, Alterations, fixtures and other improvements in the Premises, including but not limited to all mechanical, plumbing, heating, ventilating, air conditioning, electrical, telecommunication and other equipment, systems and facilities, Premises and (B) trade fixtures, furniture, equipment and other personal property installed by or at the expense of Tenant; (iii) Worker’s Compensation coverage as required by law; and (iv) business interruption, loss of income and extra expense insurance covering any failure or interruption of Tenant’s business telecommunications equipment (including, without limitation, telecommunications equipment) and covering all other perils, failures or interruptions sufficient to cover a period of interruption of not less than twelve (12) monthsinterruptions, if commercially available. Tenant shall carry and maintain during the entire Lease Term (including any option periods, if applicable), at Tenant’s sole cost and expense, increased amounts of the insurance required to be carried by Tenant pursuant to this Article 14 and such other reasonable types of insurance coverage and in such reasonable amounts covering the Premises and Tenant’s operations therein, as may be reasonably required by Landlord.

Appears in 1 contract

Samples: Office Lease (Thomas Weisel Partners Group, Inc.)

Tenant’s Insurance. Tenant, shall at all times during Throughout the Term term of this Lease, the Tenant shall take out and at its own cost keep in force: a) comprehensive general liability Insurance with respect to the business carried on in or from the Leased Premises and expense, procure the use and continue in force the following insurance coverage: (i) Commercial General Liability Insurance, written on an occurrence basis, with a combined single limit occupancy thereof for bodily injury and death and damage to property damages of not less than Two Million Dollars others in at least the amount described in Paragraph #12(a) of the Basic Terms for each occurrence or such greater amount as the Landlord may from time to time reasonably require; b) all risks ($2,000,000broad form) per occurrence insurance, including flood and Three Million Dollars sewer back-up, earthquake ($3,000,000for those tenants leasing space in British Columbia), collapse and flood in respect to furniture, equipment, inventory and stock-in-trade, fixtures and leasehold improvements located within the Leased Premises, and such other property located in or forming part of the Leased Premises, including all mechanical or electrical systems (or portions thereof) installed by, or on behalf of the Tenant in the annual aggregateLeased Premises, including products liability coverage if applicable, owners and contractors protective coverage, blanket contractual coverage including both oral and written contracts, and personal injury coverage, covering the insuring provisions of this Lease and the performance of Tenant of the indemnity and exemption of Landlord from liability agreements set forth in Article 13 hereof; (ii) a policy of standard fire, extended coverage and special extended coverage insurance (all risks), including a vandalism and malicious mischief endorsement, sprinkler leakage coverage and earthquake sprinkler leakage where sprinklers are provided in an amount equal to whole for the full replacement value new cost (without deduction for depreciation of all (Adepreciation) Tenant Improvements, Alterations, fixtures and other improvements in each such instance; c) if any boiler or pressure vessel is operated in the Leased Premises, including but not limited to all mechanical, plumbing, heating, ventilating, air conditioning, electrical, telecommunication boiler and other equipment, systems and facilities, and (B) trade fixtures, furniture, equipment and other personal property installed by or at the expense of Tenant; (iii) Worker’s Compensation coverage as required by law; and (ivpressure vessel insurance with respect thereto; d) business interruption, interruption insurance covering loss of income and extra expense insurance covering any failure or interruption of Tenant’s business equipment (including, without limitation, telecommunications equipmentearnings from all perils covered in policies obtained under paragraphs b) and covering all other perils, failures or interruptions sufficient to cover a c) above for an indemnity period of interruption of not less than at least twelve (12) months; e) broad form tenant’s legal liability insurance for the replacement cost of the Leased Premises, including loss of their use for a minimum period of twelve (12) months, with limits of at least One Million Dollars ($1,000,000.00) per occurrence; f) environmental liability insurance, as the Landlord may from time to time reasonably require, of at least the amount described in Paragraph #12(c) of the Basic Terms; g) any other form of insurance, in such amounts and against such risks, as the Landlord, acting reasonably, or the Mortgagee may from time to time require. Each policy of insurance will name, as insured, the Tenant shall carry and maintain during the entire Term Released Persons, each as their respective interests may appear. If there is a dispute as to the full replacement cost, the Landlord or its Mortgagee will determine it. The policies specified under subparagraphs b) and c) will contain the Mortgagee’s standard mortgage clause and may have reasonable deductibles. The policies (including any option periods, if applicable), at other than the Tenant’s sole cost liability policy) will contain a waiver of any subrogation rights which the Tenant’s insurers may have against the Released Persons and expensethose for whom any of them is in law responsible, increased amounts whether or not any loss or damage is caused or contributed to by the act, omission or negligence of any of them. All policies will (i) be non-contributing and apply only as primary and not excess to any other insurance available to any of the Released Persons; (ii) not be invalidated (in relation to the interests of any of the Released Persons) by reason of any breach of warranties, representations, declarations or conditions in the policies; and (iii) contain an undertaking by the insurers to notify the Landlord and each Mortgagee in writing not less than thirty (30) days before any material change, cancellation or termination. Prior to taking possession of the Leased Premises and on every renewal date of the insurance required policy, the Tenant will deliver certificates of insurance executed by the Tenant’s insurers. No review or approval of any insurance policy or certificate by the Landlord will in any way alter the Landlord rights under this Lease. In the event of loss or damage, the Tenant will provide the Landlord or the Mortgagee with copies of the Tenant’s insurance policies. The Tenant will not allow anything to be occur that results in (i) an increase in premiums for any insurance carried by Tenant pursuant to this Article 14 and such other reasonable types the Landlord or (ii) the cancellation or threatened cancellation or a reduction of coverage under any of the Landlord’s insurance coverage and policies in such reasonable amounts covering respect of any part of the Premises and Tenant’s operations therein, as may be reasonably required by LandlordBuilding.

Appears in 1 contract

Samples: Lease Agreement (Dirtt Environmental Solutions LTD)

Tenant’s Insurance. Tenant, shall at all times during the Term of this Lease, and at its own cost and expense, procure and continue in force the following insurance coverage: : (i) Commercial General Liability Insurance, written on an occurrence basis, Insurance with a combined single limit for bodily injury and property damages of not less than Two Million Dollars ($2,000,000) per occurrence and Three Million Dollars ($3,000,000) in the annual aggregate, including products liability coverage if applicable, owners and contractors protective coverage, blanket contractual coverage including both oral and written contracts, and personal injury coverage, covering the insuring provisions of this Lease and the performance of Tenant of the indemnity and exemption of Landlord from liability agreements set forth in Article 13 hereof; (ii) a policy of standard fire, extended coverage and special extended coverage insurance (all risks), including a vandalism and malicious mischief endorsement, sprinkler leakage coverage and earthquake sprinkler leakage where sprinklers are provided in an amount equal to the full replacement value new without deduction for depreciation of all (A) Tenant Improvements, Alterations, fixtures and other improvements in the Premises, including but not limited to all mechanical, plumbing, heating, ventilating, air conditioning, electrical, telecommunication and other equipment, systems and facilities, Premises and (B) trade fixtures, furniture, equipment and other personal property installed by or at the expense of Tenant; (iii) Worker’s 's Compensation coverage as required by law; and (iv) business interruption, loss of income and extra expense insurance covering any failure or interruption of Tenant’s business 's telecommunications equipment (including, without limitation, telecommunications equipment) and covering all other perils, failures or interruptions sufficient to cover a period of interruption of not less than twelve (12) monthsinterruptions. Tenant shall carry and maintain during the entire Lease Term (including any option periods, if applicable), at Tenant’s 's sole cost and expense, increased amounts of the insurance required to be carried by Tenant pursuant to this Article 14 and such other reasonable types of insurance coverage and in such reasonable amounts covering the Premises and Tenant’s 's operations therein, as may be reasonably required by Landlord, so long as such increased amounts and/or other types of insurance coverage are then generally required by comparable landlords of comparable first-class, institutional quality office buildings in the vicinity of the Project.

Appears in 1 contract

Samples: Standard Multi Tenant Industrial Lease (Patriot Scientific Corp)

Tenant’s Insurance. Tenant(a) The Tenant shall, shall at all times during its expense, obtain and maintain in force throughout the Term and any Extension Term and any period when it is in possession of this Leasethe Premises, in the name of the Tenant with the Landlord and at its own cost the Mortgagee (if any) as additional named insureds on all property insurance policies, save that the insurance policies referred to in sections 12.2(a)(i) and expense(ii) below shall name the Landlord as the insured with the Mortgagee (if any), procure and continue in force as additional named insured the following insurance coverage: insurance: (i) Commercial General Liability Insuranceinsurance on the Building and the heating, written on an occurrence basis, with a combined single limit for bodily injury ventilating and property damages of not less than Two Million Dollars ($2,000,000) per occurrence and Three Million Dollars ($3,000,000) in the annual aggregate, including products liability coverage if applicable, owners and contractors protective coverage, blanket contractual coverage including both oral and written contractsair conditioning, and personal injury coverageother building equipment, covering machinery and systems, and boilers contained therein whether owned by the insuring provisions of this Lease and Landlord or the performance of Tenant of the indemnity and exemption of Landlord from liability agreements set forth in Article 13 hereof; (ii) a policy of against those risks covered by standard fire, extended coverage and special extended coverage insurance (all risks), ” (including a vandalism flood and malicious mischief endorsement, sprinkler leakage coverage and earthquake sprinkler leakage where sprinklers are provided earthquake) property policies in an amount equal to the full replacement value new without deduction thereof with such reasonable deductibles as would be carried by a prudent owner of a reasonably similar industrial building, having regard to size, age and location; (ii) broad form boiler and machinery insurance on a blanket repair and replacement basis with limits for depreciation each accident in an amount of at least the replacement cost of the Premises and of all boilers, pressure vessels, air-conditioning equipment and miscellaneous electrical apparatus relating to or serving the Premises; (Aiii) Tenant Improvementspublic liability insurance written on a comprehensive basis with coverage against third party claims for bodily injury, Alterationsincluding death, fixtures in such amounts as are normally carried by prudent tenants of similar premises from time to time, but in no event less than five million dollars ($5,000,000.00) per occurrence; (iv) standard owners form vehicle insurance providing third-party liability insurance with not less than three million dollars ($3,000,000.00) inclusive limits, and accident benefits insurance, covering all licensed vehicles owned or operated by or on behalf of the Tenant; (v) business interruption insurance covering the Annual Base Rent, the Additional Rent and all other improvements costs and expenses in connection with the Premises, including but not limited to all mechanical, plumbing, heating, ventilating, air conditioning, electrical, telecommunication and other equipment, systems and facilities, and (B) trade fixtures, furniture, equipment and other personal property installed by or at the expense of Tenant; (iii) Worker’s Compensation coverage as required by law; and (iv) business interruption, loss of income and extra expense insurance covering any failure or interruption of Tenant’s business equipment (including, without limitation, telecommunications equipment) and covering all other perils, failures or interruptions sufficient to cover for a period of interruption of not less than twelve (12) monthsmonth period; and (vi) such other forms of insurance and increases of the amount of coverage stipulated in the foregoing sections against such risks and in such amounts as may be customarily obtained by tenants of premises similar to the Premises and any other forms of reasonable and customary insurance as the Landlord and/or a Mortgagee, reasonably requires from time to time, in forms and amounts and for risks against which a prudent tenant would insure with a use similar to that of the Tenant. (b) All insurance policies provided for in this section 12.2 shall: (i) be taken out with insurers licensed to carry on the business of insurance in the Province in which the Premises are located; (ii) be non-contributing with and apply only as primary and not excess to any other insurance available to either or both of the Landlord and the Mortgagee; (iii) not be invalidated as respects the interests of all and any of the Landlord and the Mortgagee by reason of a breach or violation of warranties, representations declarations or conditions contained in the policies; and (iv) contain an undertaking by the insurers to notify the Landlord and its Mortgagee in writing not less than thirty (30) days before any material change, cancellation, or termination. The Tenant shall carry may satisfy the foregoing insurance requirements by carrying blanket insurance policies and maintain during the entire Term through one or more insurance policies. (including any option periods, if applicable), at Tenant’s sole cost and expense, increased amounts c) The proceeds of the insurance under Sections 12.2(a)(i) and 12.2(a)(ii) above shall be and are hereby assigned and made payable to the Landlord. (d) If the Tenant shall fail to take out, renew and keep in force such insurance the Landlord may do so as the agent of the Tenant and the Tenant shall repay to the Landlord any amounts paid by the Landlord as premiums forthwith upon demand. (e) The Tenant shall furnish to the Landlord certificates or other evidence acceptable to the Landlord as to the insurance from time to time required to be carried effected by the Tenant pursuant to this Article 14 Lease and such other reasonable types its renewal or continuation in force. No review or approval of any insurance coverage and in such reasonable amounts covering certificate or insurance policy by the Premises and TenantLandlord derogates from or diminishes the Landlord’s operations therein, as may be reasonably required by Landlordrights under this Lease.

Appears in 1 contract

Samples: Industrial Lease (Bway Corp)

Tenant’s Insurance. TenantCommencing the date Tenant is required to provide Landlord with the certificate of insurance, shall at all times during the Term of this Leaseas provided below, and continuing until the expiration or earlier termination of the Lease Term, Tenant shall carry and maintain at its own cost and expense, procure and continue in force expense the following insurance coveragecoverages with insurance companies reasonably acceptable to Landlord with a rating of A-, or better by A.M. Best Company: (i) Commercial General Liability Insurance, (CGL) Policy (written on an occurrence basis), with a limits not less than One Million Dollars ($1,000,000) combined single limit for bodily per occurrence, Two Million Dollar ($2,000,000) annual aggregate covering liability arising from premises, operations, independent contractors, products-completed operations, personal injury, advertising injury and liability assumed under a contract; (ii) Property Damage Insurance on a Causes of Loss-Special Form basis covering on a replacement cost value all Above Standard improvements, fixtures, personal property damages and equipment located within the Premises; (iii) Business Interruption and Extra Expense insurance in such amounts as will reimburse Tenant for direct or indirect loss of earnings attributable to the perils insured against under this section; (iv) Workers’ Compensation insurance policy as required by the applicable state law, and Employers Liability insurance with limits of not less than Two One Million Dollars ($2,000,0001,000,000.00); (v) per occurrence and Three Automobile Liability insurance with single limit coverage of at least $1,000,000 for all owned, leased/hired or non-owned vehicles; (vi) If Tenant will serve or sell alcohol at the Project, a liquor liability insurance policy with minimum coverage of One Million Dollars ($3,000,0001,000,000.00); and (vii) in the annual aggregate, including products Excess/Umbrella liability coverage if applicable, owners and contractors protective coverage, blanket contractual coverage including both oral and written contracts, and personal injury coverage, covering the insuring provisions policy “following form” of this Lease and the performance of Tenant of the indemnity and exemption of Landlord from liability agreements set forth in Article 13 hereof; not less than Four Million Dollars (ii) a policy of standard fire, extended coverage and special extended coverage insurance (all risks$4,000,000), including a vandalism “drop down” feature in case the limits of the primary policy are exhausted. Landlord may also require all Outside Contractors to provide additional types of insurance coverages in amounts and malicious mischief endorsementtypes deemed necessary by Landlord, sprinkler leakage coverage and earthquake sprinkler leakage where sprinklers are provided in an amount equal to the full replacement value new without deduction for depreciation of all (A) Tenant Improvements, Alterations, fixtures and other improvements in the Premises, including but not limited to all mechanical, plumbing, heating, ventilating, air conditioning, electrical, telecommunication and other equipment, systems and facilities, and (B) trade fixtures, furniture, equipment and other personal property installed by or at the expense of Tenant; (iii) Worker’s Compensation coverage as required by law; and (iv) business interruption, loss of income and extra expense insurance covering any failure or interruption of Tenant’s business equipment (including, without limitation, telecommunications equipmentconstruction All-Risk Builder’s risks, Owners and Contractors Protective (OCP) Liability insurance, Professional Errors and Omissions liability insurance, and insurance covering all other perilssuch contractor’s equipment and tools. Each Liability insurance policy required to be maintained hereunder by Tenant shall name the following entities as Additional Insureds: Landlord, failures Parkway Operating Partnership, LP, Eola Capital LLC, and their direct and indirect parent companies and subsidiaries and any of their affiliated entities, successors and assigns, as well as their respective current or interruptions sufficient future directors, officers, employees, partners, members and agents. Tenant’s insurance shall be considered primary, not excess, and non-contributory with Landlord’s insurance policies. Insurance deductibles or retentions should be within reasonable and customary for policy holders in similar businesses and locations. An AXXXX 25 certificate of such insurance in the most recent edition available and reasonably satisfactory to cover a period Landlord, before the earlier of interruption the Commencement Date or ten (10) days after execution of the Lease, reflecting the limits and endorsements required herein, and renewal certificates shall be delivered to Landlord at least ten (10) days prior to the expiration date of any policy. Each policy shall be endorsed to provide notice of nonrenewal to Landlord and shall further provide that it may not less than twelve be materially altered or canceled without thirty (1230) monthsdays prior notice to Landlord. Landlord agrees to cooperate with Tenant to the extent reasonably requested by Tenant to enable Tenant to obtain such insurance. Landlord San Fxxxxx Plaza/Summer Energy Holdings, Inc. DocuSign Envelope ID: A1357CC3-ED4D-47DF-A5FB-22FC3BC9DEAD shall have the right to require increased limits if, in Landlord’s reasonable judgment, such increase is necessary. Tenant shall carry pay all premiums and maintain during the entire Term (including any option periodscharges for all of said policies, and, if applicable)Tenant shall fail to make any such payment when due or carry any such policy, Landlord may, but shall not be obligated to, make such payment or carry such policy, and the amount paid by Landlord, with interest thereon at Tenant’s sole cost and expensethe Default Rate, increased amounts of the insurance required shall be repaid to be carried Landlord by Tenant pursuant within ten (10) days following demand therefor, and all such amounts so repayable, together with such interest, shall be deemed to constitute additional Rent hereunder. Payment by Landlord of any such premium, or the carrying by Landlord of any such policy, shall not be deemed to waive or release Tenant from any remedy available to Landlord under this Article 14 and such other reasonable types of insurance coverage and in such reasonable amounts covering the Premises and Tenant’s operations therein, as may be reasonably required by LandlordLease.

Appears in 1 contract

Samples: Commercial Lease Agreement (Summer Energy Holdings Inc)

Tenant’s Insurance. Tenant shall, at Tenant's expense, shall at all times maintain during the Term term of this LeaseLease (and, and at its own cost and expenseif Tenant occupies or conducts activities in or about the Premises prior to or after the term hereof, procure and continue in force the following insurance coverage: then also during such pre-term or post-term period): (i) Commercial General Liability Insurance, written on an occurrence basiscommercial general liability insurance including contractual liability coverage, with a minimum coverages of $1,000,000 per occurrence combined single limit for bodily injury and property damages of damage, $1,000,000 for products-completed operations coverage, $100,000 fire legal liability, $1,000,000 for personal and advertising injury (which coverage shall not less than Two Million Dollars (be subject to the contractual liability exclusion), with a $2,000,000) per occurrence 2,000,000 general aggregate limit, for injuries to, or illness or death of, persons and Three Million Dollars ($3,000,000) damage to property occurring in or about the Premises or otherwise resulting from Xxxxxx's operations in the annual aggregateBuilding, including products liability coverage if applicable, owners and contractors protective coverage, blanket contractual coverage including both oral and written contracts, and personal injury coverage, covering the insuring provisions of this Lease and the performance of Tenant of the indemnity and exemption of Landlord from liability agreements set forth in Article 13 hereof; (ii) a policy property insurance protecting Tenant against loss or damage by fire and such other risks as are insurable under then-available standard forms of standard fire, extended coverage "all risk" insurance policies (excluding earthquake and special extended coverage insurance (all risksflood but including water damage), including a vandalism covering Tenant's personal property and malicious mischief endorsementtrade fixtures in or about the Premises or the Real Property, sprinkler leakage coverage and earthquake sprinkler leakage where sprinklers are provided any improvements and/or Alterations in an amount equal to the Premises, for the full replacement value new thereof without deduction for depreciation of all (A) Tenant Improvements, Alterations, fixtures and other improvements in the Premises, including but not limited to all mechanical, plumbing, heating, ventilating, air conditioning, electrical, telecommunication and other equipment, systems and facilities, and (B) trade fixtures, furniture, equipment and other personal property installed by or at the expense of Tenantdepreciation; (iii) Worker’s Compensation workers' compensation insurance in statutory limits; (iv) at least three months' coverage as required by lawfor loss of business income and continuing expenses, providing protection against any peril included within the classification "all risk," excluding earthquake and flood but including water damage; and (ivv) business interruptionif Tenant operates owned, loss leased or non-owned vehicles on the Real Property, comprehensive automobile liability insurance with a minimum coverage of income $1,000,000 per occurrence, combined single limit. The above described policies shall protect Tenant, as named insured, and extra expense insurance covering Landlord and all the other Indemnitees and any failure or interruption of Tenant’s business equipment (includingother parties designated by Landlord, without limitation, telecommunications equipment) and covering all other perils, failures or interruptions sufficient to cover a period of interruption of not less than twelve (12) months. Tenant as additional insureds; shall carry and maintain during the entire Term (including any option periods, if applicable), at Tenant’s sole cost and expense, increased amounts of the insurance required to be carried by Tenant pursuant to this Article 14 insure Landlord's and such other reasonable types parties' contingent liability with regard to acts or omissions of insurance Tenant; shall specifically include all liability assumed by Tenant under this Lease (provided, however, that such contractual liability coverage shall not limit or be deemed to satisfy Tenant's indemnity obligations under this Lease); and, if subject to deductibles, shall provide for deductible amounts not in excess of those approved in advance in writing by Landlord in its sole discretion. Landlord reserves the right to increase the foregoing amount of liability coverage from time to time as Landlord determines is required to adequately protect Landlord and the other parties designated by Landlord from the matters insured thereby (provided, however, that Landlord makes no representation that the limits of liability required hereunder from time to time shall be adequate to protect Tenant), and to require that Tenant cause any of its contractors, vendors, movers or other parties conducting activities in such reasonable amounts covering or about or occupying the Premises to obtain and Tenant’s operations therein, maintain insurance as may determined by Landlord and as to which Landlord and such other parties designated by Landlord shall be reasonably required by Landlordadditional insureds.

Appears in 1 contract

Samples: Office Lease (Ask Jeeves Inc)

Tenant’s Insurance. Tenant(a) Tenant further covenants and agrees that throughout the Lease Term hereof, shall at all times during the Term of this LeaseTenant will carry and maintain, and at its own sole cost and expense, procure and continue in force the following insurance coverage: types of insurance, in the amounts specified and in the form hereinafter provided for: (i) Commercial General and Umbrella Liability Insurance, written on an occurrence basis, with a combined single limit for bodily injury and property damages of not less than Two Million Dollars ($2,000,000) per occurrence and Three Million Dollars ($3,000,000) in the annual aggregate, including products liability coverage if applicable, owners and contractors protective coverage, blanket contractual coverage including both oral and written contracts, and personal injury coverage, covering the insuring provisions of this Lease and the performance of Tenant of the indemnity and exemption of Landlord from liability agreements set forth in Article 13 hereof; (ii) a policy of standard fire, extended coverage and special extended coverage insurance (all risks), including a vandalism and malicious mischief endorsement, sprinkler leakage coverage and earthquake sprinkler leakage where sprinklers are provided in an amount equal to the full replacement value new without deduction for depreciation of all (A) Tenant Improvements, Alterations, fixtures and other improvements in the Premises, including but not limited to all mechanical, plumbing, heating, ventilating, air conditioning, electrical, telecommunication and other equipment, systems and facilities, and (B) trade fixtures, furniture, equipment and other personal property installed by or at the expense of Tenant; (iii) Worker’s Compensation coverage as required by law; and (iv) business interruption, loss of income and extra expense insurance covering any failure or interruption of Tenant’s business equipment (including, without limitation, telecommunications equipment) and covering all other perils, failures or interruptions sufficient to cover a period of interruption of not less than twelve (12) months. Tenant shall carry and maintain during the entire Term (including any option periods, if applicable), at Tenant’s sole cost and expense, increased amounts of the insurance required to be carried by Tenant pursuant to this Article 14 and such other reasonable types of insurance coverage and in such reasonable amounts Insurance covering the Premises and Tenant’s operations thereinuse thereof against claims for personal injury or death, as may property damage and product liability occurring upon, in or about the Premises, such insurance to be reasonably written on an occurrence basis (not a claims made basis), with a limit for each occurrence not less than $1,000,000 and to have general aggregate limits of not less than $2,000,000, together with umbrella or excess liability insurance with limits of $15,000,000 for each occurrence and in the aggregate, for each policy year. The insurance coverage required under this Section 10.1(a)(i) shall, in addition, extend to any liability of Tenant arising out of the indemnities provided for in Section 14.1 and, if necessary, the policy shall contain a contractual endorsement to that effect. CGL insurance shall be written on ISO occurrence form CG 00 01 01 96 (or a substitute form providing equivalent or better coverage). The certificate of insurance evidencing the Commercial General Liability and Umbrella Liability coverage shall specify all endorsements required herein, shall name all additional insureds via the CG 2011 Additional Insured-Managers/Lessors of Premises endorsement required by Section 10.1(b) below. (ii) Commercial all risk property insurance covering all of the items included in Tenant’s leasehold improvements, heating, ventilating and air conditioning equipment maintained by Tenant, trade fixtures, merchandise and personal property from time to time in, on or upon the Premises, and alterations, additions or changes made by Tenant pursuant to Section 15.1, in an amount not less than one hundred percent (100%) of their full replacement value from time to time during the Term, providing protection against perils included within the ISO Special Causes of Loss –Form insurance policy (or substitute form providing, in Landlord’s reasonable discretion, equivalent or better coverage), together with insurance against sprinkler damage, vandalism and malicious mischief. Any policy proceeds from such insurance shall be held in trust by Tenant’s insurance company for the repair, construction and restoration or replacement of the property damaged or destroyed unless this Lease shall cease and terminate under the provisions of Section 21.1 of this Lease. The certificate of insurance evidencing such coverage which is delivered by Tenant pursuant to Section 10.1(b) below shall designate Landlord and Xxxxx Management, Inc. as loss payee as their interests may appear with respect to the Building, all leasehold improvements, heating, ventilating and air-conditioning equipment and all fixtures (other than Tenant’s trade fixtures). (iii) Workers’ Compensation and Employer’s Liability insurance affording statutory coverage and containing statutory limits with the Employer’s Liability portion thereof to have minimum limits of $500,000.00.

Appears in 1 contract

Samples: Office Lease (Gaiam Inc)

Tenant’s Insurance. (a) The Tenant will maintain the insurance described below throughout the Term and any period when it is in possession of the Premises (including, for greater certainty, the Fixturing Period), and each policy of that Insurance will name, as insured’s, the Tenant, shall at all times during the Term of this LeaseLandlord, the Owners and at its own cost and expense, procure and continue in force the following Mortgagee as their respective interests may appear. The insurance coverage: which the Tenant is required to maintain is as follows: (i) Commercial General Liability Insurance, written on an occurrence basis, with a combined single limit for bodily injury and “all risks” property damages of not less than Two Million Dollars ($2,000,000) per occurrence and Three Million Dollars ($3,000,000) in the annual aggregate, including products liability coverage if applicable, owners and contractors protective coverage, blanket contractual coverage including both oral and written contracts, and personal injury coverage, covering the insuring provisions of this Lease and the performance of Tenant of the indemnity and exemption of Landlord from liability agreements set forth in Article 13 hereof; (ii) a policy of standard fire, extended coverage and special extended coverage insurance (all risks)including earthquake, including a vandalism flood and malicious mischief endorsement, sprinkler leakage coverage and earthquake sprinkler leakage where sprinklers are provided collapse) in an amount equal to one hundred percent (100%) of the full replacement value new without deduction cost, insuring (1) all property owned by the Tenant, or for depreciation which the Tenant is legally liable, or installed by or on behalf of the Tenant, and located within the Building, including, but not limited to, fittings, installations, alterations, additions, partitions and all other Leasehold Improvements and (2) the Tenants inventory, furniture and movable equipment; (ii) if applicable, broad form boiler and machinery insurance on a blanket repair and replacement basis with limits for each accident in an amount of at least the full replacement cost of all Leasehold Improvements and of all boilers, pressure vessels, heating, ventilating and air-conditioning equipment and miscellaneous electrical apparatus owned or operated by the Tenant or by others (Aexcept for the Landlord) on behalf of the Tenant Improvements, Alterations, fixtures in the Premises or relating to or serving the Premises; (iii) business interruption insurance with at least twelve (12) months indemnity in an amount that will reimburse the Tenant for direct or indirect loss of earnings attributable to all perils insured against in Sections 9.02(a)(i) and 9.02(a)(ii) and other improvements perils commonly insured against by prudent tenants, or attributable to prevention of access to the Premises or the Building as a result of those perils; (iv) public liability and property damage insurance including personal injury liability, contractual liability, non-owned automobile liability, employer’s liability and owners’ and contractors’ protective insurance coverage, with respect to the Premises and the Tenant’s use of the Common Elements, with coverage including the activities and operations conducted by the Tenant and any other Person on the Premises and by the Tenant and any other Xxxxxx performing work on behalf of the Tenant and those for whom the Tenant is in law responsible, in any other part of the Building. These policies will (1) be written on a comprehensive basis with inclusive limits of at least $5,000,000 per occurrence for bodily injury for anyone or more Persons or property damage (but the Landlord, acting reasonably or the Mortgagee, may require higher limits from time to time), and (2) contain a severability of interests clause and cross liability clauses; (v) tenant’s legal liability insurance for the full replacement cost of the Premises, including but not limited loss of their use; (vi) non-owned automobile insurance providing third party liability insurance with $1,000,000 inclusive limits, covering all licensed vehicles operated by or on behalf of the Tenant ; and (vii) any other form of insurance and with whatever higher limits the Tenant, the Landlord (acting reasonably) or the Mortgagee requires from time to all mechanicaltime in form, plumbingin amounts and for risks against which a prudent tenant would insure. (b) The policies specified under Section 9.02(a)(i), heating, ventilating, air conditioning, electrical, telecommunication and other equipment, systems and facilities, (ii) and (Biii) trade fixtureswill contain a waiver of any subrogation rights which the Tenant’s Insurers may have against all and any of the Landlord, furniturethe Owners, equipment the Mortgagee, the Property Manager and other personal property installed those for whom all and any of them are or is in law responsible, whether or not the damage is caused by their act, omission or at negligence. (c) The policies specified under Section 9.02(a)(i), (ii) and (iii) will contain the expense Mortgagee’s standard mortgage clause and may have reasonable deductibles of Tenantup to three percent (3%) of the amount insured. If there is a dispute as to the amount of the full replacement cost, the Landlord will determine it. (d) Each policy of insurance specified under Section 9.02 (a) will (i) be taken out with Insurers acceptable to the Landlord, acting reasonably; (ii) be in a form satisfactory to the Landlord; (iii) Worker’s Compensation coverage be non-contributing with, and will apply only as required by lawprimary and not excess to any other insurance available to all and any of the Landlord, the Owners and the Mortgagee; and (iv) business interruptionnot be invalidated with respect to the interests of all and any of the Landlord, loss the Owners, and the Mortgagee by reason of income any breach or violation of warranties, representations, declarations or conditions contained in the policies and extra expense insurance covering any failure or interruption of Tenant’s business equipment (includingv) contain an undertaking by the insurers to notify the Landlord, without limitation, telecommunications equipment) the Owners and covering all other perils, failures or interruptions sufficient to cover a period of interruption of the Mortgagee in writing not less than twelve thirty (1230) monthsdays before any material change, cancellation or termination. (e) Each year on the anniversary of the Commencement Date the Tenant will deliver certificates of insurance on the Landlord’s standard form or other reasonably comparable form acceptable to the Landlord, duly executed by the Tenants insurers evidencing that the required insurance is in force. No review or approval of any insurance certificate by the Landlord derogates from or diminishes the Landlord’s rights under this Lease. (f) If the Tenant shall carry and fails to maintain during the entire Term (including any option periods, if applicableinsurance policy specified under Section 9.02(a), at Tenant’s sole the Landlord shall have the right, but not the obligation, upon forty-eight (48) hours prior notice, to pay the cost and expenseor premium therefor, increased amounts of the insurance required to be carried by Tenant pursuant to this Article 14 and such other reasonable types of insurance coverage and in such reasonable amounts covering event the Premises and TenantTenant will, upon demand, pay the Landlord’s operations thereincosts in so doing, as may be reasonably required by together with a sum equal to fifteen percent (15%) of such costs representing the Landlord’s overhead.

Appears in 1 contract

Samples: Office Premises Lease (AbCellera Biologics Inc.)

Tenant’s Insurance. Tenant shall, at Tenant's expense, shall at all times maintain during the Term term of this LeaseLease (and, and at its own cost and expenseif Tenant occupies or conducts activities in or about the Premises prior to or after the term hereof, procure and continue in force the following insurance coverage: then also during such pre-term or post-term period): (i) Commercial General Liability Insurance, written on an occurrence basiscommercial general liability insurance including contractual liability coverage, with a minimum coverages of $1,000,000 per occurrence combined single limit for bodily injury and property damages of damage, $1,000,000 for products-completed operations coverage, $100,000 fire legal liability, $1,000,000 for personal and advertising injury (which coverage shall not less than Two Million Dollars (be subject to the contractual liability exclusion), with a $2,000,000) per occurrence 2,000,000 general aggregate limit, for injuries to, or illness or death of, persons and Three Million Dollars ($3,000,000) damage to property occurring in or about the Premises or otherwise resulting from Tenant's operations in the annual aggregateBuilding, including products liability coverage if applicable, owners and contractors protective coverage, blanket contractual coverage including both oral and written contracts, and personal injury coverage, covering the insuring provisions of this Lease and the performance of Tenant of the indemnity and exemption of Landlord from liability agreements set forth in Article 13 hereof; (ii) a policy property insurance protecting Tenant against loss or damage by fire and such other risks as are insurable under then-available standard forms of standard fire, extended coverage "all risk" insurance policies (excluding earthquake and special extended coverage insurance (all risksflood but including water damage), including a vandalism covering Tenant's personal property and malicious mischief endorsementtrade fixtures in or about the Premises or the Real Property, sprinkler leakage coverage and earthquake sprinkler leakage where sprinklers are provided any improvements and/or Alterations in an amount equal to the Premises, for the full replacement value new thereof without deduction for depreciation of all (A) Tenant Improvements, Alterations, fixtures and other improvements in the Premises, including but not limited to all mechanical, plumbing, heating, ventilating, air conditioning, electrical, telecommunication and other equipment, systems and facilities, and (B) trade fixtures, furniture, equipment and other personal property installed by or at the expense of Tenantdepreciation; (iii) Worker’s Compensation workers' compensation insurance in statutory limits; (iv) at least three months' coverage as required by lawfor loss of business income and continuing expenses, providing protection against any peril included within the classification "all risk," excluding earthquake and flood but including water damage; and (ivv) business interruptionif Tenant operates owned, loss leased or non-owned vehicles on the Real Property, comprehensive automobile liability insurance with a minimum coverage of income $1,000,000 per occurrence, combined single limit. The above described policies shall protect Tenant, as named insured, and extra expense insurance covering Landlord and all the other Indemnitees and any failure or interruption of Tenant’s business equipment (includingother parties designated by Landlord, without limitation, telecommunications equipment) and covering all other perils, failures or interruptions sufficient to cover a period of interruption of not less than twelve (12) months. Tenant as additional insureds; shall carry and maintain during the entire Term (including any option periods, if applicable), at Tenant’s sole cost and expense, increased amounts of the insurance required to be carried by Tenant pursuant to this Article 14 insure Landlord's and such other reasonable types parties' contingent liability with regard to acts or omissions of insurance Tenant; shall specifically include all liability assumed by Tenant under this Lease (provided, however, that such contractual liability coverage shall not limit or be deemed to satisfy Tenant's indemnity obligations under this Lease); and, if subject to deductibles, shall provide for deductible amounts not in excess of those approved in advance in writing by Landlord in its sole discretion. Landlord reserves the right to increase the foregoing amount of liability coverage from time to time as Landlord determines is required to adequately protect Landlord and the other parties designated by Landlord from the matters insured thereby (provided, however, that Landlord makes no representation that the limits of liability required hereunder from time to time shall be adequate to protect Tenant), and to require that Tenant cause any of its contractors, vendors, movers or other parties conducting activities in such reasonable amounts covering or about or occupying the Premises to obtain and Tenant’s operations therein, maintain insurance as may determined by Landlord and as to which Landlord and such other parties designated by Landlord shall be reasonably required by Landlordadditional insureds.

Appears in 1 contract

Samples: Office Lease (Ask Jeeves Inc)

Tenant’s Insurance. Tenant, at its expense, shall maintain at all times during the Term commercial general liability insurance, including a contractual liability endorsement and personal injury liability coverage, in respect of the Premises and the conduct or operation of business therein, with Landlord (when used in this LeaseSection 13.A. the term "Landlord" shall include Landlord, its constituent partners and the partners, members, directors, managers, shareholders, officers, agents and employees of each of them), Landlord's property manager, and at its own cost any Ground Lessor or Mortgagee whose name and expenseaddress shall previously have been furnished to Tenant, procure and continue in force the following insurance coverage: (i) Commercial General Liability Insurance, written on an occurrence basisas additional insureds, with a combined single limit limits of not less than $5,000,000.00 per occurrence for bodily injury and property damages of not less than Two Million Dollars damage. Tenant shall also maintain ($2,000,000i) per occurrence "all risk" or Special Form property insurance (including coverage for terrorism under the Terrorism Risk Insurance Act ("TRIA"), and Three Million Dollars ($3,000,000) in the annual aggregateif terrorism coverage under TRIA is no longer available, then including products liability coverage if applicable, owners and contractors protective terrorism coverage, blanket contractual but only if then available at commercially reasonable prices or if otherwise then customary for terrorism coverage including both oral to be maintained by office tenants at Comparable Buildings) covering all present and written contracts, and personal injury coverage, covering the insuring provisions of this Lease and the performance of Tenant of the indemnity and exemption of Landlord from liability agreements set forth in Article 13 hereof; (ii) a policy of standard fire, extended coverage and special extended coverage insurance (all risks), including a vandalism and malicious mischief endorsement, sprinkler leakage coverage and earthquake sprinkler leakage where sprinklers are provided in an amount equal to the full replacement value new without deduction for depreciation of all (A) Tenant Improvements, Alterations, fixtures and other future leasehold improvements in the Premises, including but not limited to all mechanical, plumbing, heating, ventilating, air conditioning, electrical, telecommunication and other equipment, systems and facilities, and (B) trade fixtures, furniture, equipment and other personal property installed by or at the expense of Tenant; (iii) Worker’s Compensation coverage as required by law; and (iv) business interruption, loss of income and extra expense insurance covering any failure or interruption of Tenant’s business equipment (including, without limitation, telecommunications equipmentany Tenant's Work or other alterations) and covering all other perils, failures or interruptions sufficient Tenant's personal property to cover a period of interruption limit of not less than twelve the full replacement value thereof, (12ii) monthsbusiness interruption insurance in an amount that will reimburse Tenant for extra expense attributable to all perils insured against in this Section 13.A. or other perils commonly insured against by prudent tenants or attributable to prevention of access to the Premises or the Building as a result of any of such perils, (iii) comprehensive equipment breakdown insurance (without exclusion for explosion), covering all mechanical, electrical and other equipment exclusively serving the Premises (or installed for or on behalf of Tenant) against physical damage from all perils insured against in this Section 13.A., (iv) workers compensation insurance in accordance with the laws of the State of Illinois (v) comprehensive automobile liability insurance coverage with limits of not less than $1,000,000.00 combined single limit coverage against bodily injury liability and property damage liability arising out of the use by or on behalf of Tenant, its agents and employees in connection with this Lease, of owned, non-owned or hired motor vehicle, and (vi) such other insurance coverages or insurance limits as may be customary from time to time for landlords of Comparable Buildings to obtain from office tenants leasing space therein (provided that Landlord may not, in any event, pursuant to this clause (vi), request changes to the insurance coverages or insurance limits otherwise specified herein on more than one occasion in any 24-month period). Tenant shall carry deliver to Landlord and maintain during any other additional insured such certificates of insurance, in an Axxxx form reasonably satisfactory to Landlord, at least ten (10) days before the entire Term Turnover Date. The "all risk" or Special Form property insurance policies required to be carried by Tenant, and any certificates evidencing such policies, shall provide that the proceeds under such policies with respect to tenant improvements and rent loss shall be payable to Landlord, Tenant and each Ground Lessor or Mortgagee as their interests may appear. Tenant shall execute and deliver to Landlord such proofs of loss and other instruments which may be reasonably required to recover any such insurance proceeds. Tenant shall procure renewals of such insurance from time to time before the expiration thereof, and Tenant shall deliver to Landlord and any other additional insured a certificate thereof issued by the insurer at least ten (including 10) business days before the expiration of any option periodsexisting policy or evidence of such renewal reasonably acceptable to Landlord if certificates of insurance are not issued by the insurer. All such policies shall be issued by companies of recognized responsibility permitted to do business in the State of Illinois, if applicablerated by Best's Insurance Reports or any successor publication of comparable standing at A/VIII or better or the then equivalent of such rating, and all such policies shall contain a provision, to the extent reasonably available in the insurance industry (with Tenant hereby stating to Landlord, for clarification purposes, that Tenant has determined that such provision is not so available as of the date of this Lease), whereby the same cannot be cancelled, allowed to lapse or materially modified unless Landlord is given at least thirty (30) days' prior written notice of such cancellation, lapse or material modification, or, in the event of any cancellation, lapse or material modification by reason of non-payment of the premiums due thereunder, at least ten (10) days' prior written notice of the same (it being understood that in no event may Tenant’s sole cost 's insurance coverage be reduced below the coverage required pursuant to this Lease). In addition to the foregoing, Tenant shall give Landlord at least thirty (30) days' prior written notice of any cancellation, lapse or modification reducing the coverage of the insurance policies required to be maintained by Tenant hereunder. The limits of liability required herein may be provided by a single policy of insurance or by a combination of primary and expenseumbrella policies, increased amounts but in no event shall the total limits of liability available for any one occurrence or accident be less than those required herein. Tenant's policies of insurance may be maintained under "blanket policies" insuring the Premises and other property or locations of Tenant; provided, that such blanket policies shall (i) set forth the amount of the insurance applicable to the Premises, (ii) otherwise comply with the provisions of this Section 13.A., and (iii) afford the same protection to Landlord and any other additional insured required in this Lease as would be provided by Tenant's insurance policies if individually applicable to the Premises. All insurance policies required to be maintained pursuant to this Section 13.A. shall not contain any exclusions for acts of terrorism or similar events, so long a terrorism insurance is available under TRIA (and if terrorism coverage under TRIA is no longer available, then only so long as terrorism coverage is then available at commercially reasonable prices or if it is otherwise then customary for terrorism coverage to be maintained by office tenants at Comparable Buildings). In addition to the other requirements set forth in this Lease, the insurance required to be carried by Tenant under this Lease shall be primary insurance for all claims under it and shall provide that any insurance carried by Landlord, Management Company, and the holder of any Ground Lease or Mortgage is strictly excess, secondary and non-contributing with any insurance carried by Tenant and all Tenant insurance shall contain provisions for cross-liability and severability of interests as between Landlord and Tenant and shall not contain a co-insurance provision. All insurance maintained by Tenant hereunder shall allow for commercially reasonable deductibles. The foregoing "all risk" property insurance shall also contain a clause pursuant to which the insurance carriers waive all rights of subrogation against Landlord, Management Company, each Project Owner and each Ground Lessor or Mortgagee (and those for whom each is in law responsible) with respect to losses payable under such policies. In the event Tenant shall fail to timely procure any such insurance required under this Article 14 Section 13.A. and such to deliver evidence thereof to Landlord as required hereunder, Landlord may at its option, after giving Tenant no less than ten (10) days prior written notice of its election to do so and without limiting any other reasonable types rights or remedies available to Landlord, procure the same for the account of Tenant and the cost thereof shall be paid to Landlord as additional Rent upon receipt by Tenant of bills therefor. In the event, at any time during the Term, it becomes customary for landlords of Comparable Buildings to obtain copies of insurance coverage and policies (or copies of redacted policies) from tenants, rather than certificates of insurance, with respect to any of the insurance coverages described in this Section 13.A. then Landlord may require Tenant to so deliver such reasonable amounts covering the Premises and Tenant’s operations thereincopies of policies (or copies of redacted policies, as may be reasonably required the case maybe), rather than certificates of insurance, upon notice thereof to Tenant (with it being acknowledged and agreed by LandlordLandlord that it is not so customary to obtain copies of insurance policies, whether redacted or otherwise, as of the date of this Lease).

Appears in 1 contract

Samples: Office Lease (Vivid Seats Inc.)

Tenant’s Insurance. Tenant covenants and agrees that from and after the date of delivery of the Premises from Landlord to Tenant, shall at all times during the Term of this LeaseTenant will carry and maintain, and at its own sole cost and expense, procure and continue in force the following types of insurance coverage: (which may be maintained under blanket policies, so long as the coverage afforded Landlord, the other additional insureds and any designees of Landlord shall not be reduced or adversely affected thereby), in the amounts specified and in the form hereinafter provided for: (i) Commercial General Liability Insurance, (“CGL”) Insurance written on an occurrence basis, with a covering the Premises and all operations of Tenant in or about the Premises against claims for bodily injury, death, property damage and products liability and to include contractual liability coverage insuring Tenant’s indemnification obligations under this Lease, to be in combined single limit for bodily injury and property damages limits of not less than Two Million Dollars ($2,000,000) per [**]* each occurrence for bodily injury, death and Three Million Dollars ($3,000,000) in the annual property damage, [**]* for products/completed operations aggregate, including products liability coverage if applicable, owners and contractors protective coverage, blanket contractual coverage including both oral and written contracts[**]* for personal injury, and personal injury coverage, covering the insuring provisions of this Lease and the performance of Tenant of the indemnity and exemption of Landlord from liability agreements set forth in Article 13 hereof; (ii) a policy of standard fire, extended coverage and special extended coverage insurance (all risks), including a vandalism and malicious mischief endorsement, sprinkler leakage coverage and earthquake sprinkler leakage where sprinklers are provided in an amount equal to the full replacement value new without deduction for depreciation of all (A) Tenant Improvements, Alterations, fixtures and other improvements in the Premises, including but not limited to all mechanical, plumbing, heating, ventilating, air conditioning, electrical, telecommunication and other equipment, systems and facilities, and (B) trade fixtures, furniture, equipment and other personal property installed by or at the expense of Tenant; (iii) Worker’s Compensation coverage as required by law; and (iv) business interruption, loss of income and extra expense insurance covering any failure or interruption of Tenant’s business equipment (including, without limitation, telecommunications equipment) and covering all other perils, failures or interruptions sufficient to cover a period of interruption have general aggregate limits of not less than twelve [**]* and Umbrella Liability Insurance in an amount not less than [**]* for each policy year. The certificate of insurance evidencing the CGL form of policy shall specify all endorsements required herein and shall specify on the face thereof that the limits of such policy apply separately to the Premises. (12ii) months. Tenant shall carry Insurance covering all of the items included in Tenant’s heating, ventilating and maintain air conditioning equipment maintained by Tenant, trade fixtures, merchandise and personal property from time to time in, on or upon the Premises, and any Alterations in an amount not less than one hundred percent (100%) of their full replacement value (subject to commercially reasonable deductibles) from time to time during the entire Term Term, providing protection against perils included within the standard form of “all-risk” (including any option periodsi.e., if applicable), at Tenant’s sole cost “Special Cause of Loss”) fire and expense, increased casualty insurance policy. (iii) Workers’ Compensation insurance in amounts of the insurance required to be carried by Tenant pursuant to this Article 14 and such other reasonable types of insurance coverage and in such reasonable amounts covering the Premises and Tenant’s operations therein, as may be reasonably required by Landlordlaw. (iv) Employer’s Liability coverage of at least [**]* per occurrence. (v) Business Interruption Insurance equal to not less than [**]*, subject to reasonable deductibles, which insurance shall be issued on an “all risk” basis (or its equivalent).

Appears in 1 contract

Samples: Office Lease Agreement (Del Monte Foods Co)

Tenant’s Insurance. (a) Tenant, shall at all times during the Term of this Lease, and at its own sole cost and expense, shall, during the entire Term hereof, procure and continue keep in force force, in the following insurance coverageamounts set forth on the Data Sheet: (i) Commercial General Liability Insurancecommercial general liability insurance with respect to the Premises and the operations of Tenant in, written on an or about the Premises per occurrence basis, with a combined single limit for limit, broad form/extended bodily injury injury, death and property damages of not less than Two Million Dollars ($2,000,000) per occurrence and Three Million Dollars ($3,000,000) in the annual aggregate, including products liability coverage if applicable, owners and contractors protective coverage, blanket contractual coverage including both oral and written contracts, and personal injury coverage, covering the insuring provisions of this Lease and the performance of Tenant of the indemnity and exemption of Landlord from liability agreements set forth in Article 13 hereofdamage; (ii) a policy of standard fire, extended product liability coverage and special extended coverage insurance (all risks), including a vandalism and malicious mischief endorsement, sprinkler leakage coverage and earthquake sprinkler leakage where sprinklers are provided in an amount equal to the full replacement value new without deduction for depreciation of all (A) Tenant Improvements, Alterations, fixtures and other improvements in the Premises, including but not limited to all mechanical, plumbing, heating, ventilating, air conditioning, electrical, telecommunication and other equipment, systems and facilities, and (B) trade fixtures, furniture, equipment and other personal property installed by or at the expense of Tenant; (iii) Worker’s Compensation coverage as required by law; and (iv) business interruption, loss of income and extra expense insurance covering any failure or interruption of Tenant’s business equipment (including, without limitation, telecommunications equipmentliquor liability coverage for acts arising out of the serving and/or consumption of food and/or alcoholic beverages on or obtained at the Premises, if part of the Permitted Use) per occurrence combined single limit, broad form/ extended bodily injury, death and property damage; (iii) commercial automobile liability insurance covering all owned, non-owned, hired or borrowed vehicles of Tenant, or any vehicle used by Tenant’s employees, in connection with the operation of its business from the Premises, per occurrence combined single limit, broad form/ extended bodily injury, death and property damage; (iv) property insurance at full replacement value including coverage against fire, smoke, lightning, windstorm and hail, explosion, theft, vandalism, malicious mischief, falling objects, water damage which does not exclude backup from sewers or drains and/or sprinkler leakage, plate glass, earth movement, and flood insuring Tenant’s merchandise, trade fixtures, furnishings, mechanical, electronic, or other perilsservice equipment, failures and all other items of Personal Property of Tenant located on or interruptions sufficient to cover a period of in the Premises; (v) business interruption of not and extra expense insurance covering no less than twelve (12) monthsmonths of loss of income; (vi) builders risk insurance during any construction, alteration, or fit-out project undertaken by Tenant as required in Exhibit B; (vii) workers’ compensation coverage as required by law and including Employer’s Liability Insurance in the amounts set forth on the Data Sheet per each accident, per each employee by disease, with a policy aggregate by disease in the amount set forth on the Data Sheet; and (viii) professional liability insurance in commercially reasonable amounts if the Permitted Use includes any medical, veterinary, pharmacy, chiropractor, dentistry, legal, CPA or accounting, psychology, psychiatry or therapist, or other similar uses. If Landlord reasonably deems it necessary to increase the amounts or limits of insurance required to be carried by Tenant hereunder, Tenant shall carry so increase the amounts or limits and maintain during shall provide Landlord with policies or certificates indicating the entire Term (including any option periods, if applicable), at Tenant’s sole cost and expense, increased amounts or limits. (b) All policies of the insurance required to be carried by Tenant pursuant to this Article 14 Section 11.01 shall be written by insurance companies of adequate financial capacity satisfactory to Landlord with a Best’s rating and Financial Size Category of not less than A-/VII and authorized to do business in the state in which the Development is located. Any such insurance required of Tenant hereunder may be furnished by Tenant under any blanket policy carried by it or under a separate policy therefor. An insurance certificate (and endorsements where same become necessary) certifying that such policy has been issued, providing the coverage required and all of the provisions specified in this Section 11.01, shall be delivered to Landlord prior to the Delivery Date, and such insurance information shall also be provided in connection with all renewals. ROS/Impossible Kicks 13 Form Rev. [02/2023] (c) Tenant’s general liability insurance policy shall: (i) be primary and non-contributing with respect to any policies carried by Landlord and that any coverage carried by Landlord be excess insurance; and (ii) include Landlord and the parties set forth on the Data Sheet of this Lease and any other reasonable types parties designated by Landlord from time to time as additional insured entities. All insurance policies required to be carried by Tenant pursuant to this Section 11.01 shall contain the following clauses and provisions: (w) a waiver by the insurer of any right to subrogation against Landlord and other additional insured entities (as set forth on the Data Sheet), its agents, employees and representatives which arises or might arise by reason of any payment under such policy or by reason of any act or omission of Landlord, its agents, employees or representatives; (x) a severability of interest clause or endorsement; (y) a provision that the insurer will not cancel or change the coverage provided by such policy without giving Landlord thirty (30) days’ prior written notice; and (z) such policy shall be an “occurrence form” policy. With respect to any policy of insurance coverage required in this Section 11.01, Tenant shall be responsible for any deductible or self-insured retention amounts and the defense and indemnity obligations set forth in this Lease in the event that an insurer does not participate in the defense and/or indemnity of a claim tendered by Landlord pending exhaustion of a deductible or self-insured retention amount, it being the intent of the parties that the additional insured entities shall be fully insured from the first dollar of any claimed loss or expense. (d) In the event that Tenant fails to procure or to maintain, at the times and for the duration specified in this Section 11.01, any insurance required by this Section 11.01, or fails to carry insurance required by law or governmental regulation, Landlord may (but shall not be required to) at any time or from time to time, and without notice to Tenant, procure such reasonable amounts covering insurance and pay the premiums therefor, and the cost of same, plus a fifteen percent(15%) administrative fee shall be payable upon Landlord’s demand. (e) Tenant will not do or suffer to be done, or keep or suffer to be kept, anything in, upon or about the Premises and Tenantwhich will violate Landlord’s operations thereinpolicies of hazard or liability insurance, as may or which will prevent Landlord from procuring such policies in companies acceptable to Landlord. If anything done, omitted to be reasonably required done or suffered by Tenant to be kept in, upon or about the Premises shall cause the rate of fire or other insurance on the Premises or on other property of Landlord or of others within the Development to be increased beyond the minimum rate from time to time applicable to the Premises or to any property for the use or uses made thereof, Tenant will pay the amount of any such increase upon Landlord’s demand.

Appears in 1 contract

Samples: Lease Agreement (Impossible Kicks Holding Company, Inc.)

Tenant’s Insurance. Tenant shall, at Tenant's expense, shall at all times maintain during the Term term of this LeaseLease (and, and at its own cost and expenseif Tenant occupies or conducts activities in or about the Premises prior to or after the term hereof, procure and continue in force the following insurance coverage: then also during such pre-term or post-term period): (i) Commercial General Liability Insurance, written on an occurrence basiscommercial general liability insurance including contractual liability coverage, with a minimum coverages of $1,000,000 per occurrence combined single limit for bodily injury and property damages of damage, $1,000,000 for products-completed operations coverage, $100,000 fire legal liability, $1,000,000 for personal and advertising injury (which coverage shall not less than Two Million Dollars (be subject to the contractual liability exclusion), with a $2,000,000) per occurrence 2,000,000 general aggregate limit, for injuries to, or illness or death of, persons and Three Million Dollars ($3,000,000) damage to property occurring in or about the Premises or otherwise resulting from Tenant's operations in the annual aggregateBuilding, including products liability coverage if applicable, owners and contractors protective coverage, blanket contractual coverage including both oral and written contracts, and personal injury coverage, covering the insuring provisions of this Lease and the performance of Tenant of the indemnity and exemption of Landlord from liability agreements set forth in Article 13 hereof; (ii) a policy property insurance protecting Tenant against loss or damage by fire and such other risks as are insurable under then-available standard forms of standard fire, extended coverage "all risk" insurance policies (excluding earthquake and special extended coverage insurance (all risksflood but including water damage), including a vandalism covering Tenant's personal property and malicious mischief endorsementtrade fixtures in or about the Premises or the Real Property, sprinkler leakage coverage and earthquake sprinkler leakage where sprinklers are provided any improvements and/or Alterations in an amount equal to the Premises, for the full replacement value new thereof without deduction for depreciation of all (A) Tenant Improvements, Alterations, fixtures and other improvements in the Premises, including but not limited to all mechanical, plumbing, heating, ventilating, air conditioning, electrical, telecommunication and other equipment, systems and facilities, and (B) trade fixtures, furniture, equipment and other personal property installed by or at the expense of Tenantdepreciation; (iii) Worker’s Compensation workers' compensation insurance in statutory limits; (iv) at least three months' coverage as required by lawfor loss of business income and continuing expenses, providing protection against any peril included within the classification "all risk," excluding earthquake and flood but including water damage; and (ivv) business interruptionif Tenant operates owned, loss leased or non-owned vehicles on the Real Property, comprehensive automobile liability insurance with a minimum coverage of income $1,000,000 per occurrence, combined single limit. The above described policies shall protect Tenant, as named insured, and extra expense insurance covering Landlord and all the other Indemnitees and any failure or interruption of Tenant’s business equipment (includingother parties designated by Landlord, without limitation, telecommunications equipment) and covering all other perils, failures or interruptions sufficient to cover a period of interruption of not less than twelve (12) months. Tenant as additional insureds; shall carry and maintain during the entire Term (including any option periods, if applicable), at Tenant’s sole cost and expense, increased amounts of the insurance required to be carried by Tenant pursuant to this Article 14 insure Landlord's and such other reasonable types parties' contingent liability with regard to acts or omissions of insurance Tenant; shall specifically include all liability assumed by Tenant under this Lease 20 (provided, however, that such contractual liability coverage shall not limit or be deemed to satisfy Tenant's indemnity obligations under this Lease); and, if subject to deductibles, shall provide for deductible amounts not in excess of those approved in advance in writing by Landlord in its sole discretion. Landlord reserves the right to increase the foregoing amount of liability coverage from time to time as Landlord reasonably determines is required to adequately protect Landlord and the other parties designated by Landlord from the matters insured thereby (provided, however, that Landlord makes no representation that the limits of liability required hereunder from time to time shall be adequate to protect Tenant), and to require that Tenant cause any of its contractors, vendors, movers or other parties conducting activities in such reasonable amounts covering or about or occupying the Premises to obtain and Tenant’s operations therein, maintain insurance as may determined by Landlord and as to which Landlord and such other parties designated by Landlord shall be reasonably required by Landlordadditional insureds.

Appears in 1 contract

Samples: Office Lease (Norcal Waste Systems Inc)

Tenant’s Insurance. TenantTenant shall, shall at all times during the Term of this Lease, and at its own sole cost and expense, procure and continue in force maintain the following insurance coveragecoverages in the following amounts during the Lease Term. 10.3.1 Commercial General Liability Insurance on an occurrence form covering claims arising out of Tenant's operations, including (i) property/operations liability; (ii) host liquor liability, (iii) personal and advertising injury liability; and (iv) contractual liability, for limits of liability of not less than the amounts shown below (which limits may be met with a combination of General Liability and Umbrella policies): Bodily Injury and Property Damage Liability $1,000,000 each occurrence$2,000,000 annual aggregate Personal and Advertising Injury Liability $1,000,000 each occurrence$2,000,000 annual aggregate Products & Completed Operations $2,000,000 annual aggregate 10.3.2 Commercial Property Insurance covering the following property that is owned by, held by, or the legal responsibility of Tenant including but not necessarily limited to: (i) Commercial General Liability Insuranceall office furniture, business and trade fixtures, equipment, free-standing cabinet work, movable partitions, merchandise, inventory and all other items of Tenant's property on the Premises installed by, for, or at the expense of Tenant, (ii) the Tenant Improvements, and any other {3925-00031/01363433;7} -28- SHORES CENTERSoleno Therapeutics, Inc. improvements which exist in the Premises as of the Lease Commencement Date (excluding the Base Building) (the "Original Improvements"), (iii) all other improvements, alterations and additions to the Premises; and (iv) any other property in which the Tenant retains the risk of loss including but not limited to electronic data processing equipment and employee personal property. Such insurance shall be written on an occurrence "all risks" of physical loss or damage basis, with a combined single limit no exclusions or coverage limitations for bodily injury wind and property damages of not less than Two Million Dollars ($2,000,000) per occurrence and Three Million Dollars ($3,000,000) in the annual aggregatehail, including products liability coverage if applicable, owners and contractors protective coverage, blanket contractual coverage including both oral and written contracts, and personal injury coverage, covering the insuring provisions of this Lease and the performance of Tenant of the indemnity and exemption of Landlord from liability agreements set forth in Article 13 hereof; (ii) a policy of standard fire, extended coverage and special extended coverage insurance (all risks), including a vandalism and malicious mischief endorsement, sprinkler leakage coverage and earthquake sprinkler leakage where sprinklers are provided in an amount equal to for the full replacement cost value new without deduction for depreciation of all (A) Tenant Improvementsthe covered items and shall include coverage for damage or other loss caused by fire or other peril including, Alterations, fixtures and other improvements in the Premises, including but not limited to all mechanicalto, plumbingvandalism and malicious mischief, heatingtheft, ventilatingwater damage, air conditioningincluding sprinkler leakage, electrical, telecommunication and other equipment, systems and facilitiesbursting or stoppage of pipes, and explosion, and providing business interruption coverage for a period of one (B1) trade fixtures, furniture, equipment and other personal property installed by or at the expense year. Policies shall also include (a) waiver of Tenant; (iii) Worker’s Compensation coverage as required by lawany coinsurance requirement; and (ivb) time element insurance covering business interruption, loss of income interruption and extra expense insurance covering any failure resulting from loss or interruption damage from the hazards specified above, to owned or non-owned property, which prevents normal operations from continuing. 10.3.3 Statutory Worker's Compensation and Employer's Liability coverage with limits of Tenant’s business equipment One Million Dollars (including, without limitation, telecommunications equipment$1,000,000) each accident for bodily injury by accident and covering all other perils, failures or interruptions sufficient to cover a period of interruption of not less than twelve One Million Dollars (12$1,000,000) months. Tenant shall carry each employee and maintain during the entire Term (including any option periods, if applicable), at Tenant’s sole cost and expense, increased amounts of the insurance required to be carried policy limit for bodily injury by Tenant pursuant to this Article 14 and such other reasonable types of insurance coverage and in such reasonable amounts covering the Premises and Tenant’s operations therein, as may be reasonably required by Landlorddisease.

Appears in 1 contract

Samples: Office Lease (Soleno Therapeutics Inc)

Tenant’s Insurance. Tenant, shall at all times during the Term of this Lease, and at its own cost and expense, procure and continue in force the following insurance coverage: (i) Commercial General Liability Insurance, written on an occurrence basis, with a combined single limit for bodily injury and property damages of not less than Two Million Dollars ($2,000,000) per occurrence and Three Million Dollars ($3,000,000) in the annual aggregate, including products liability coverage if applicable, owners and contractors protective coverage, blanket contractual coverage including both oral and written contracts, and personal injury coverage, covering the insuring provisions of this Lease and the performance of Tenant of the indemnity and exemption of Landlord from liability agreements set forth in Article 13 hereof; (ii) a policy of standard fire, extended coverage and special extended coverage insurance (all risks), including a vandalism and malicious mischief endorsement, endorsement and sprinkler leakage coverage and earthquake sprinkler leakage where sprinklers are provided in an amount equal to the full replacement value new without deduction for depreciation of all (A) Tenant Improvements, Alterations, fixtures and other improvements in the Premises, including but not limited to all mechanical, plumbing, heating, ventilating, air conditioning, electrical, electrical telecommunication and other equipment, systems and facilities, and (B) trade fixtures, furniture, equipment and other personal property installed by or at the expense of Tenant; (iii) Worker’s Compensation coverage as required by law; and (iv) business interruption, loss of income and extra expense insurance covering any failure or interruption of Tenant’s business equipment (including, without limitation, telecommunications equipment) and covering all other perils, failures or interruptions sufficient to cover a period of interruption in an amount of not less than twelve Five Hundred Thousand Dollars (12) months$500,000.00). Tenant shall carry and maintain during the entire Term (including any option periods, if applicable), at Tenant’s sole cost and expense, increased amounts of the insurance required to be carried by Tenant pursuant to this Article 14 and such other reasonable types of insurance coverage and in such reasonable amounts covering the Premises and Tenant’s operations therein, as may be reasonably required by Landlord, but Landlord shall only be entitled to require such increased amounts and/or other coverages if they are then generally required by owners of comparable office buildings in the San Diego, California area.

Appears in 1 contract

Samples: Standard Office Lease (Mitek Systems Inc)

Tenant’s Insurance. Tenant, shall at all times during the Term of this Lease, and at its own cost and expense, procure and continue in force the following insurance coverage: (i) Commercial General Liability Insurance, written on an occurrence basis, with a combined single limit for bodily injury and property damages of not less than Two Million Dollars ($2,000,000) per occurrence and Three Million Dollars ($3,000,000) in the annual aggregate, including products liability coverage if applicable, owners and contractors protective coveragecoverage if applicable, blanket contractual coverage including both oral and written contracts, and personal injury coverage, covering the insuring provisions of this Lease and the performance of Tenant of the indemnity and exemption of Landlord from liability agreements set forth in Article 13 hereof; (ii) a policy of standard firefire written on special form, extended coverage and special extended coverage insurance (all risks), including a vandalism and malicious mischief endorsementmischief, sprinkler leakage coverage and earthquake sprinkler leakage where sprinklers are provided in an amount equal to the full replacement value new without deduction for depreciation of all (A) Tenant Improvements, Alterations, fixtures and other improvements in the Premises, including but not limited to all mechanical, plumbing, heating, ventilating, air conditioning, electrical, telecommunication and other equipment, systems and facilities, and (B) trade fixtures, furniture, equipment and other personal property installed by or at the expense of Tenant; (iii) Worker’s 's Compensation coverage as required by law; and (iv) business interruption, loss of income and extra expense insurance covering any failure or interruption of Tenant’s 's business equipment (including, without limitation, telecommunications equipment) and covering all other perils, failures or interruptions sufficient to cover a period of interruption of not less than twelve (12) months. Tenant shall carry and maintain during the entire Term (including any option periods, if applicable), at Tenant’s sole cost and expense, increased amounts of the insurance required to be carried by Tenant pursuant to this Article 14 and such other reasonable types of insurance coverage and in such reasonable amounts covering the Premises and Tenant’s operations therein, as may be reasonably required by Landlord.

Appears in 1 contract

Samples: Standard Office Lease (Auriga Laboratories, Inc.)

Tenant’s Insurance. TenantTenant shall maintain, shall at all times during the Term of this Lease, and at its own sole cost and expense, procure and continue in force the following insurance coverage: (i) Commercial General Liability Insurance, written on an occurrence basis, coverages with a combined single limit for bodily injury and property damages limits of not less than Two Million Dollars the greater of ($2,000,000i) per occurrence and Three Million Dollars those set forth hereunder, ($3,000,000ii) in those evidenced on the annual aggregate, including products liability coverage if applicable, owners and contractors protective coverage, blanket contractual coverage including both oral and written contractsdeclaration page of the pertinent insurance policy, and personal injury coverage(iii) those required by law. 10.3.1 Commercial General Liability Insurance issued on terms no less broad than the most current ISO CG 00 01 occurrence form, covering the insuring provisions insured against claims of this Lease bodily injury, personal and advertising injury and property damage (including loss of use thereof) arising out of Tenant’s operations, products/completed operations, social or host liquor liability (if applicable), and “insured contracts” (as defined by the performance of Tenant of the indemnity and exemption of Landlord from liability agreements set forth in Article 13 hereof; (ii) a policy of standard fire, extended coverage and special extended coverage insurance (all risksmost current ISO CG 00 01 form), including a vandalism Separation of Insureds provision with no exclusion for cross-liability, and malicious mischief endorsementincluding the Additional Insureds (as defined hereunder) as additional insureds with respect to both ongoing and completed operations coverage on a primary and non-contributory basis, sprinkler leakage coverage for limits of liability of not less than: Bodily Injury and earthquake sprinkler leakage where sprinklers are provided Property Damage Liability $2,000,000 each occurrence $3,000,000 annual aggregate per location Personal Injury Liability $2,000,000 personal and advertising injury $3,000,000 products-completed operations No deductible or self-insured retention. 10.3.2 Property Insurance covering (i) all office furniture, business and trade fixtures, office equipment, free-standing cabinet work, movable partitions, merchandise and all other items of Tenant’s property on the Premises installed by, for, or at the expense of Tenant, and (ii) the Tenant Improvements described in Exhibit 1.1.1-2 and any other tenant improvements that exist in the Premises as of the Lease Commencement Date (the “New Improvements”). Such insurance shall be written on an amount equal to “all risks” of physical loss or damage basis, for the full replacement cost value (subject to reasonable deductible amounts) new without deduction for depreciation of all (A) Tenant Improvementsthe covered items and in amounts that meet any co-insurance clauses of the policies of insurance and shall include coverage for damage or other loss caused by fire or other peril including, Alterations, fixtures and other improvements in the Premises, including but not limited to all mechanicalto, plumbinghail, heatingwindstorm, ventilatingflood, air conditioningearthquake, electricalterrorism, telecommunication vandalism and other equipmentmalicious mischief, systems and facilitiestheft, water damage of any type, including sprinkler leakage, earthquake sprinkler leakage, bursting or stoppage of pipes, and explosion. 10.3.3 Business Income Interruption for one (B1) trade fixtures, furniture, equipment and other personal property installed by year plus Extra Expense insurance in such amounts as will reimburse Tenant for actual direct or at the expense of Tenant; (iii) Worker’s Compensation coverage as required by law; and (iv) business interruption, indirect loss of income earnings and extra expense insurance continuing expenses, including rent, attributable to the risks outlined in Section 10.3.2 above. 10.3.4 Auto Liability Insurance covering liability arising out of any failure or interruption of Tenant’s business equipment auto, including owned (includingif any), without limitationnon-owned, telecommunications equipment) leased, and covering all other perilshired autos, failures or interruptions sufficient to cover with a period of interruption limit of not less than twelve (12) months. Tenant shall carry $1,000,000 combined single limit each accident for bodily injury and maintain during the entire Term (including any option periods, if applicable), at Tenant’s sole cost and expense, increased amounts of the insurance required to be carried by Tenant pursuant to this Article 14 and such other reasonable types of insurance coverage and in such reasonable amounts covering the Premises and Tenant’s operations therein, as may be reasonably required by Landlordproperty damage.

Appears in 1 contract

Samples: Lease (Conatus Pharmaceuticals Inc.)

Tenant’s Insurance. Tenant, shall at all times during On or before the Term earlier to occur of this Lease, and at its own cost and expense, procure and continue in force the following insurance coverage: (i) the Commencement Date or (ii) the date Tenant commences any work of any type in the Premises pursuant to this Lease (which may be prior to the Commencement Date) and continuing throughout the Term, Tenant will carry and maintain, at Tenant’s expense, the following insurance, in the minimum amounts specified below or such other amounts as Landlord may from time to time reasonably request, with insurance companies and on forms reasonably satisfactory to Landlord: (a) Commercial General Liability Insurance, written on an occurrence basisgeneral liability insurance, with a combined single occurrence limit and aggregate of not less than $1,000,000. AH such insurance will be on an occurrence ISO form including without limitation, bodily injury, property damage, personal injury, advertising injury, products and completed operations liability, contractual liability coverage for the performance by Tenant of the indemnity agreements set forth in this Lease and must include coverage for any claims arising from any dogs brought onto the Project by any of Tenant’s Agents; (b) A policy of cause of loss-specialty property insurance coverage at least equal to ISO Special Form Causes of Loss and covering all of Tenant’s furniture and fixtures, machinery, equipment, stock and any other personal property owned and used in Tenant’s business and found in, on or about the Project, and any leasehold improvements to the Premises in excess of any initial buildout of the Premises by Landlord, in an amount not less than the full replacement cost; (c) Worker’s compensation insurance insuring against and satisfying Tenant’s obligations and liabilities under the worker’s compensation laws of the state in which the Premises are located, including employer’s liability insurance in the limit of $1,000,000 aggregate; (d) If Tenant operates owned, hired, or non-owned vehicles on the Project, comprehensive automobile liability will be carried at a limit of liability not less than $1,000,000 combined bodily injury and property damages damage; (e) Umbrella liability insurance in excess of the underlying coverage listed in paragraphs (a), (c), and (d) above, with limits of not less than Two Million Dollars $4,000,000 per occurrence/$4,000,000 aggregate; ($2,000,000f) per occurrence Intentionally Deleted; and (g) All insurance required under this Section 15.3 shall be issued by such good and Three Million Dollars ($3,000,000) reputable insurance companies qualified to do and doing business in the annual aggregate, including products liability coverage if applicable, owners state in which the Premises are located and contractors protective coverage, blanket contractual coverage including both oral and written contracts, and personal injury coverage, covering the insuring provisions of this Lease and the performance of Tenant of the indemnity and exemption of Landlord from liability agreements set forth in Article 13 hereof; (ii) having a policy of standard fire, extended coverage and special extended coverage insurance (all risks), including a vandalism and malicious mischief endorsement, sprinkler leakage coverage and earthquake sprinkler leakage where sprinklers are provided in an amount equal to the full replacement value new without deduction for depreciation of all (A) Tenant Improvements, Alterations, fixtures and other improvements in the Premises, including but not limited to all mechanical, plumbing, heating, ventilating, air conditioning, electrical, telecommunication and other equipment, systems and facilities, and (B) trade fixtures, furniture, equipment and other personal property installed by or at the expense of Tenant; (iii) Worker’s Compensation coverage as required by law; and (iv) business interruption, loss of income and extra expense insurance covering any failure or interruption of Tenant’s business equipment (including, without limitation, telecommunications equipment) and covering all other perils, failures or interruptions sufficient to cover a period of interruption policyholder rating of not less than twelve (12) months. Tenant shall carry “A” and maintain during a financial rating of “VIII” in the entire Term (including any option periods, if applicable), at Tenantmost current copy of Best’s sole cost and expense, increased amounts of Insurance Report in the insurance required to be carried by Tenant pursuant form customary to this Article 14 and such other reasonable types of insurance coverage and in such reasonable amounts covering the Premises and Tenant’s operations therein, as may be reasonably required by Landlordlocality.

Appears in 1 contract

Samples: Office Lease (McAfee Corp.)

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Tenant’s Insurance. Tenant, shall at all times during the Term of this Lease, and at its own cost and expense, procure and continue in force the following insurance coverage: (i) Commercial General Liability Insurance, written on an occurrence basis, Insurance with a combined single limit for bodily injury and property damages of not less than Two Million Dollars ($2,000,000) per occurrence and Three Million Dollars ($3,000,000) per occurrence and Five Million Dollars ($5,000,000) in the annual aggregate, including products liability coverage if applicable, owners and contractors protective coverage, blanket contractual coverage including both oral and written contracts, and personal injury coverage, covering the insuring provisions of this Lease and the performance of Tenant of the indemnity and exemption of Landlord from liability agreements set forth in Article 13 hereof; (ii) a policy of standard fire, extended coverage and special extended coverage insurance (all risksperils), including a vandalism and malicious mischief endorsement, sprinkler leakage coverage and earthquake sprinkler leakage where sprinklers are provided in an amount equal to the full replacement value new without deduction for depreciation of all (A) Tenant Improvementstenant improvements, Alterations, fixtures and other improvements in the Premises, including but not limited to all mechanical, plumbing, heating, ventilating, air conditioning, electrical, telecommunication and other equipment, systems and facilities, and (B) trade fixtures, furniture, equipment and other personal property installed by or at the expense of Tenant; (iii) Worker’s Workers’ Compensation coverage as required by law; and (iv) business interruption, loss of income and extra expense insurance. Furthermore, Tenant shall be responsible, at its expense, for maintaining business interruption insurance covering any failure or interruption of Tenant’s business equipment on an “actual loss sustained basis” (including, without limitation, telecommunications equipment) and covering all other perils, failures or interruptions sufficient with a liability limit equal to cover a period of interruption of not less than twelve (12) monthsmonths of business interruption exposure). To the extent landlords of Comparable Buildings are requiring the same, Tenant shall carry and maintain during the entire Lease Term (including any option periods, if applicable), at Tenant’s sole cost and expense, increased amounts of the insurance reasonably required to be carried by Tenant pursuant to this Article 14 14, and such other reasonable types of insurance coverage and in such reasonable amounts covering the Premises and Tenant’s operations therein, as may be reasonably required by Landlord.

Appears in 1 contract

Samples: Standard Office Lease (Capitalsource Inc)

Tenant’s Insurance. Tenant, shall at all times during On or before the Term earlier to occur of this Lease, and at its own cost and expense, procure and continue in force the following insurance coverage: (i) the Commencement Date; or (ii) the date Tenant commences any work of any type in the Premises pursuant to this Lease (which may be prior to the Commencement Date) and continuing throughout the Term, Tenant will carry and maintain, at Tenant’s expense, the following insurance, in the minimum amounts specified below or such other amounts as Landlord may from time to time reasonably request, on forms reasonably satisfactory to Landlord and with insurance companies qualified to do and doing business in Texas and having a policyholder rating of not less than “A-” and a financial rating of “VII” in the most current copy of Best’s Insurance Report in the form customary to this locality. (a) Commercial General Liability Insurance, written on an occurrence basisgeneral liability insurance, with a combined single occurrence limit for bodily injury and property damages aggregate of not less than Two Million Dollars ($2,000,000) per 1,000,000 and without a deductible. All such insurance will be on an occurrence ISO form including without limitation, bodily injury & property damage coverage, premises coverage, personal injury, advertising injury, products and Three Million Dollars ($3,000,000) in the annual aggregatecompleted operations liability, including products independent contractor’s liability coverage if applicable, owners and contractors protective contractual liability coverage, blanket contractual ; (b) Property insurance coverage including both oral at least equal to ISO Special Causes of Loss form and written contracts, covering all Tenant Property and personal injury coverage, covering any Alterations to the insuring provisions of this Lease and the performance of Tenant of the indemnity and exemption of Landlord from liability agreements set forth in Article 13 hereof; (ii) a policy of standard fire, extended coverage and special extended coverage insurance (all risks), including a vandalism and malicious mischief endorsement, sprinkler leakage coverage and earthquake sprinkler leakage where sprinklers are provided Premises in an amount equal to not less than the full replacement value new cost without deduction for depreciation of all (A) Tenant Improvements, Alterations, fixtures the covered items and other improvements in amounts that meet any co-insurance clauses of the Premises, including but not limited to all mechanical, plumbing, heating, ventilating, air conditioning, electrical, telecommunication and other equipment, systems and facilitiespolicies of insurance, and including coverage for damage or other loss caused by fire or other peril (Bincluding vandalism and malicious mischief, theft, water damage of any type, sprinkler leakage, bursting or stoppage of pipes, and explosion) trade fixtures, furniture, equipment and other personal property installed by or at the expense business interruption coverage for a period of Tenant; one year; (iiic) Worker’s Compensation compensation insurance insuring against and satisfying Tenant’s obligations and liabilities under the worker’s compensation Laws of Texas, including employer’s liability insurance with limits of $1,000,000 bodily injury by accident, each accident; $1,000,000 bodily injury by disease, policy limit; $1,000,000 bodily injury by disease, each employee; (d) If Tenant operates owned, hired, or nonowned vehicles on the Project, commercial automobile liability insurance with a limit of liability not less than $1,000,000 combined bodily injury and property damage liability; and (e) Umbrella liability insurance in excess of the underlying coverage as required by law; listed in paragraphs (a), (c) and (ivd) business interruptionabove, loss of income and extra expense insurance covering any failure or interruption of Tenant’s business equipment (including, without limitation, telecommunications equipment) and covering all other perils, failures or interruptions sufficient to cover a period of interruption with limits of not less than twelve (12) months. Tenant shall carry and maintain during the entire Term (including any option periods, if applicable), at Tenant’s sole cost and expense, increased amounts of the insurance required to be carried by Tenant pursuant to this Article 14 and such other reasonable types of insurance coverage and in such reasonable amounts covering the Premises and Tenant’s operations therein, as may be reasonably required by Landlord.$1,000,000 per occurrence/$1,000,000 aggregate;

Appears in 1 contract

Samples: Office Lease (Rackspace Hosting, Inc.)

Tenant’s Insurance. Tenant, shall at all times during the Term of this Lease, and at its own cost and expense, procure and continue in force the following insurance coverage: (i) Commercial General Liability Insurance, written on an occurrence basis, with a combined single limit for bodily injury and property damages of not less than One Million Dollars ($1,000,000) per occurrence and Two Million Dollars ($2,000,000) per occurrence and Three Million Dollars ($3,000,000) in the annual aggregate, including products liability coverage if applicable, owners and contractors protective coverage, blanket contractual coverage including both oral and written contracts, and personal injury coverage, covering the insuring provisions of this Lease and the performance of Tenant of the indemnity and exemption of Landlord from liability agreements set forth in Article 13 hereofLease; (ii) umbrella/excess liability insurance in an amount of not less than Ten Million Dollars ($10,000,000) for each occurrence and general aggregate; (iii) a policy of standard fire, extended coverage and special extended coverage insurance (all risksspecial form), including a vandalism and malicious mischief endorsement, sprinkler leakage coverage and earthquake sprinkler leakage where sprinklers are provided in an amount equal to the 100% full replacement value new without deduction for depreciation of all (A) Tenant Improvements, Alterations, fixtures and other improvements in the Premises, including but not limited to all mechanical, plumbing, heating, ventilating, air conditioning, electrical, telecommunication and other equipment, systems and facilities, and (B) trade fixtures, furniture, equipment and other personal property installed by or at the expense of TenantTenant or otherwise located in the Premises and with such policy naming Landlord as loss payee as its interests may appear; (iiiiv) Worker’s Compensation and employers liability coverage as required by lawlaw and with limits of not less than $1,000,000, each accident, $1,000,000, disease policy limit, and $1,000,000, disease each employee (which policies shall contain waivers of subrogation in favor of Landlord); (v) boiler and machinery insurance on all boilers, pressure vessels, gas-fired equipment, air conditioning equipment installed by the Tenant and systems serving the Premises and, if not covered by the insurance described in subsection (iviii), then the insurance specified in this subsection (v) shall be in an amount not less than one hundred percent (100%) of full replacement cost of such items; (vi) business interruption, loss of income and extra expense insurance covering any failure or interruption with coverage that will reimburse Tenant for all direct and indirect loss of income and changes and costs incurred arising out of all named perils insured against by Tenant’s business equipment (includingpolicies of property insurance, without limitationincluding prevention of, telecommunications equipment) and covering or denial of use of or access to, all other perils, failures or interruptions any part of the Premises or Project as a result of those named perils sufficient to cover a period of interruption of not less than twelve (12) monthsmonths of the loss of income, charges and costs contemplated under this Lease; and (vii) medical malpractice insurance at limits of not less than $1,000,000 each claim during such periods, if any, that Tenant engages in the practice of medicine or clinical trials involving human beings at the Premises. Pollution Legal Liability insurance shall also be required if Tenant stores, handles, generates or treats Hazardous Materials on or about the Premises. Such coverage shall include bodily injury, sickness, disease or death sustained by any person; property damage including damage to or destruction of tangible property including the resulting loss of use thereof, clean-up costs, and the loss of use of tangible property that has not been damaged or destroyed; defense costs, charges and expenses incurred in the investigation, adjustment or defense of claims for such compensatory damages. Such coverage shall apply to both sudden and non-sudden pollution conditions including the discharge, dispersal, release or escape of smoke, vapors, soot, fumes, acids, alkalis, toxic chemicals, liquids or gases, waste materials or other irritants, contaminants or pollutants into or upon land, the atmosphere or any watercourse or body of water. Claims-made coverage is permitted for Pollution Legal Liability insurance, provided the policy retroactive date is as of the earlier of the Pod 4 Portion Commencement Date and Pod 5 Portion Commencement Date, as the case may be, and coverage is continuously maintained during all periods in which Tenant occupies the Premises. Coverage for Pollution Legal Liability insurance shall be maintained with limits of not less than $1,000,000 per incident with a $2,000,000 policy aggregate. Finally, Tenant shall carry and maintain during the entire Term (including any option periods, if applicable), at Tenant’s sole cost and expense, increased amounts of the insurance required to be carried by Tenant pursuant to this Article 14 and such other reasonable types of insurance coverage and in such reasonable amounts covering the Premises and Tenant’s operations therein, as may be reasonably required by Landlord, so long as such increased amounts and/or other types of insurance coverage are then generally required by comparable landlords of comparable first-class, institutional quality buildings in the vicinity of the Project.

Appears in 1 contract

Samples: Lease Agreement (Oncorus, Inc.)

Tenant’s Insurance. Tenant, shall at all times during the Term of this Lease, and at its own cost and expense, procure shall purchase and continue maintain in force effect throughout the Term, the following insurance coverage: policies of insurance, for the benefit of Tenant and naming the Landlord Parties, as additional insureds, issued by companies licensed to do business in the State in which the Property is located and which have an “A.M. Best’s” rating of “A-XII” or higher with the following coverages in the following amounts (and with any increases in such amounts which Landlord may require upon not less than 30 days’ prior written notice to Tenant; provided such increases are consistent with the limits then being required of tenants by other landlords of comparable buildings in the same geographic area as the Building): (i) Commercial General Liability Insurance, written Insurance on an occurrence a primary and non-contributory basis, with a combined single limit insuring Tenant and naming the Landlord Parties and any other parties designated by Landlord from time to time as additional insureds, covering, without limitation, any liability for bodily injury injury, personal injury, including death, and property damages damage arising out of Tenant’s operations, acts, omissions, assumed liabilities or use of the Premises, with coverage of not less than One Million Dollars ($1,000,000) per occurrence, Two Million Dollars ($2,000,000) per occurrence general aggregate and Three Million containing a deductible not in excess of Ten Thousand Dollars ($3,000,000) in the annual aggregate, including products liability coverage if applicable, owners and contractors protective coverage, blanket contractual coverage including both oral and written contracts, and personal injury coverage, covering the insuring provisions of this Lease and the performance of Tenant of the indemnity and exemption of Landlord from liability agreements set forth in Article 13 hereof; 10,000). (ii) a policy of standard Property Insurance including, but not limited to, fire, extended coverage and special extended coverage insurance (all risks)sprinkler leakage, including a vandalism and malicious mischief endorsementvandalism, sprinkler leakage coverage flood and earthquake sprinkler leakage where sprinklers are provided coverage (y) in an amount equal amounts which, together with the amounts of insurance coverage which Landlord is required to maintain pursuant to Section 12(a) above, would cover the full replacement value new without deduction for depreciation cost of all (A) Tenant Improvementsadditions, Alterations, fixtures improvements and alterations to the Premises and providing that the Landlord Parties and any other improvements in the Premises, including but not limited parties designated by Landlord from time to all mechanical, plumbing, heating, ventilating, air conditioning, electrical, telecommunication and other equipment, systems and facilitiestime are loss payees or additional insureds as their interests may appear, and (Bz) covering all office furniture, trade fixtures, furnitureoffice equipment, equipment machinery, movable partitions, wall and floor coverings, inventory, merchandise and all other personal property installed by or at the expense items of Tenant’s property on the Premises (collectively, “Tenant’s Property”). Such insurance shall be written on an “all risks” of physical loss or damage basis, for the full replacement cost value of the covered items and in amounts that meet any coinsurance clause of the policies of insurance. In the event of a loss, the proceeds of such insurance shall be used for the repair or replacement of the property insured; except that if this Lease is terminated following a casualty, the proceeds applicable to the Building and/or the Property shall be paid to Landlord and the proceeds applicable to Tenant’s Property shall be paid to Tenant. (iii) Worker’s Compensation coverage as Insurance covering all employees of Tenant performing work in, on, or with respect to the Premises, in amounts not less than those required by law; and Law. (iv) business interruption, loss of income and extra expense Employers liability insurance covering any failure all employees of Tenant performing work in, on or with respect to the Premises, in amounts not less than One Million Dollars ($1,000,000) for each accident and One Million Dollars ($1,000,000) for diseases of each employee, agent and contractor. (v) Extra expense and business interruption of Tenant’s business equipment (including, without limitation, telecommunications equipment) and covering all other perils, failures or interruptions sufficient to cover a period of interruption of insurance with limits not less than twelve (12) monthsmonths of Base Rent and Tenant Reimbursement Amount, naming Landlord as loss payee, as its interest may appear. (vi) Automobile Insurance on a primary and non-contributory basis, insuring Tenant and naming the Landlord Parties and any other parties designated by Landlord from time to time as additional insureds, covering all owned, non-owned and hired automobiles with limits of liability of not less than One Million Dollars ($1,000,000) for bodily injury to any one person, and One Million Dollars ($1,000,000) for property damage for each accident. Such insurance shall provide that the insurance company waives the rights of recovery or subrogation against the Landlord Parties and their insurers. (vii) Umbrella or Excess Liability coverage on a primary and non-contributory basis, insuring Tenant and naming the Landlord Parties and any other parties designated by Landlord from time to time as additional insureds, in amounts not less than Three Million Dollars ($3,000,000). Tenant shall carry and maintain during the entire Term (including any option periods, if applicable), at concurrently with Tenant’s sole cost execution of this Lease and expensefrom time to time thereafter upon insurance renewals, increased amounts of the insurance required furnish to be carried by Tenant pursuant to this Article 14 and such other reasonable types Landlord certificates of insurance evidencing such coverage and in with renewal certificates no less than thirty (30) days prior to the expiration of such reasonable amounts covering the Premises policies, which certificates of insurance shall state that such insurance coverage may not be amended, changed or canceled without at least thirty (30) days’ prior written notice to Landlord and Tenant’s operations therein, as may be reasonably required by Landlord.

Appears in 1 contract

Samples: Lease Agreement (NEUROONE MEDICAL TECHNOLOGIES Corp)

Tenant’s Insurance. Tenant, shall at all times during the Term of this Lease, and at its own sole cost and expense, procure commencing on the Possession Date and continue continuing during the Term, shall procure, pay for and keep in full force and effect the following types of insurance, in at least the amounts and in the forms specified below: (a) Comprehensive or commercial general liability insurance coverage: with coverage limits of not less than One Million Dollars (i$1,000,000.00) Commercial General Liability Insurance, written on an per occurrence basis, with a and Two Million Dollars ($2,000,000.00) in the aggregate for combined single limit for bodily injury injury, personal injury, death and property damages damage liability per occurrence or the limit carried by Tenant, whichever is greater, insuring against any and all liability of the insureds with respect to the Premises or arising out of the maintenance, use or occupancy of the Premises or related to the exercise of any rights of Tenant pursuant to this Lease, subject to increases in amount as Landlord may reasonably require from time to time. All such liability insurance shall specifically insure the performance by Tenant of the indemnity agreement as to liability for injury to or death of persons and injury or damage to property set forth in Section 13.5. Further, all such liability insurance shall include, but not be limited to, personal injury, blanket contractual, cross-liability and severability of interest clauses, broad form property damage, independent contractors, owned, non-owned and hired vehicles and, if alcoholic beverages are served, sold, consumed or obtained in the Premises, liquor law liability. (b) Worker’s compensation coverage in an amount adequate to comply with law, and employer’s liability coverage with a limit of not less than Two One Million Dollars ($2,000,0001,000,000.00). (c) per occurrence and Three Million Dollars ($3,000,000) in Plate glass insurance covering all plate glass on the annual aggregate, including products liability coverage if applicable, owners and contractors protective coverage, blanket contractual coverage including both oral and written contracts, and personal injury coverage, covering the insuring provisions of this Lease and the performance of Tenant of the indemnity and exemption of Landlord from liability agreements set forth in Article 13 hereof; (ii) a policy of standard fire, extended coverage and special extended coverage insurance (all risks), including a vandalism and malicious mischief endorsement, sprinkler leakage coverage and earthquake sprinkler leakage where sprinklers are provided in an amount equal to the Premises at full replacement value new without deduction for depreciation value. Tenant shall have the option either to insure this risk or to self-insure. (d) Insurance covering all of Tenant’s Work, Tenant’s leasehold improvements and Alterations permitted under Article 10 and all (A) Tenant Improvementsfurniture, Alterations, fixtures and other improvements in the Premises, including but not limited to all mechanical, plumbing, heating, ventilating, air conditioning, electrical, telecommunication and other equipment, systems and facilities, and (B) trade fixtures, furniture, equipment and other personal property installed by located in or at the expense of Tenant; (iii) Worker’s Compensation coverage as required by law; and (iv) business interruptionPremises, loss of income and extra expense insurance covering any failure or interruption of Tenant’s business equipment (including, without limitation, telecommunications equipment) and covering all other perils, failures or interruptions sufficient to cover a period of interruption of in an amount not less than twelve (12) months. Tenant shall carry their full replacement value from time to time, including replacement cost endorsement, providing protection against any peril included within the classification Fire and maintain during the entire Term (including any option periodsExtended Coverage, if applicable)sprinkler damage, at Tenant’s sole cost and expensevandalism, increased amounts of the insurance required to be carried by Tenant pursuant to this Article 14 theft, burglary, malicious mischief, earthquake and such other reasonable types additional perils as covered in a “special form causes of loss” or an “all risks” standard insurance coverage policy or as Landlord may reasonably require. Any policy proceeds shall be used for the repair or replacement of the property damaged or destroyed unless this Lease shall cease and in such reasonable amounts covering terminate under the Premises and Tenant’s operations therein, as may be reasonably required by Landlordprovisions of Article 14.

Appears in 1 contract

Samples: Lease Agreement (Yoshiharu Global Co.)

Tenant’s Insurance. Tenant, shall at At all times during after the Term execution of this Lease, Tenant will cany and maintain, at its own cost and expenseexpense with insurance companies reasonably acceptable to Landlord that are rated no less than A-, procure and continue in force the following insurance coverageClass VII, by A.M. Best Company: (i) Commercial General Liability Insurancea commercial general liability insurance policy, written on an occurrence basisincluding products/completed operations and insurance against assumed or contractual liability under this Lease, for liability arising out of the ownership, use, occupancy or maintenance of the Premises and all areas appurtenant thereto, including any portion of the Common Areas used by Tenant; Tenant’s invitees, contractors, employees or agents, to afford protection with a combined single limit for respect to bodily injury and injury, death or property damages damage (including loss of use) of not less than One Million Dollars ($1,000,000) each occurrence/Two Million Dollars ($2,000,000) per occurrence aggregate; (ii) a property insurance policy insuring all Above Standard improvements and Three fixtures in the Premises, and all personal property located within the Premises, on the “Special Form,” including theft coverage, written at replacement cost value with replacement cost endorsements, covering all of the Tenant’s property, and business interruption coverage in an amount that will reimburse Tenant for direct or indirect loss of earnings attributable to the perils insured against under section (i) above and this section (ii), and other perils commonly insured against by prudent business owners, or attributable to prevention of access to the Premises, for a period of at least eighteen (18) months; (iii) a worker’s compensation insurance policy with applicable statutory limits, including employers liability insurance with limits of not less than One Million Dollars ($3,000,0001,000,000.00); (iv) in automobile liability insurance with single limit coverage of at least $1,000,000 for all owned, leased/hired or non -owned vehicles; (v) if Tenant will serve or sell alcohol at the annual aggregateProject, a liquor liability insurance policy with minimum coverage of One Million Dollars($1,000,000.00); and (vi) an excess/umbrella liability policy “following form” of not less than Ten Million Dollars ($10,000,000), including products liability coverage if applicablea “drop down” feature in case the limits of the primary policy are exhausted. Landlord may also require all Outside Contractors to provide in addition to the insurance coverages referenced above such other insurance in amounts and types and with such companies as may be reasonably requested by Landlord, including, without limitation, construction all risk/builder’s risks (including loss of revenue) insurance, owners and contractors protective coverageliability insurance, blanket contractual coverage including both oral professional errors and written contractsomissions liability insurance, and personal injury coverageinsurance covering such contractor’s equipment and tools. Each insurance policy required to be maintained hereunder by Tenant shall include an “Additional Insured Endorsement” in favor of Landlord. Tenant’s insurance shall be considered primary, covering not excess, and non-contributory with Landlord’s insurance policies, and deductible amounts, if any, under such policies shall be commercially reasonable. An XXXXX 25 certificate of such insurance in the insuring provisions of this Lease most recent edition available and the performance of Tenant reasonably satisfactory to Landlord, or certified copies of the indemnity policies, shall be furnished to Landlord on or before the earlier of the Commencement Date or ten (10) days after execution of the Lease, reflecting the limits and exemption endorsements required herein, and renewal XXXXX 25 certificates or certified copies of renewal policies shall be delivered to Landlord from liability agreements set forth in Article 13 hereof; at least ten (ii10) a policy of standard fire, extended coverage and special extended coverage insurance (all risks), including a vandalism and malicious mischief endorsement, sprinkler leakage coverage and earthquake sprinkler leakage where sprinklers are provided in an amount equal days prior to the full replacement value new expiration date of any policy. Each policy shall be endorsed to provide notice of nonrenewal to Landlord and shall further provide that it may not be altered or canceled without deduction for depreciation of all thirty (A30) days prior notice to Landlord. Landlord agrees to cooperate with Tenant Improvementsto the extent reasonably requested by Tenant to enable Tenant to obtain such insurance. Landlord shall have the right to require increased limits if, Alterationsin Landlord’s reasonable judgment, fixtures and other improvements in the Premises, including but not limited to all mechanical, plumbing, heating, ventilating, air conditioning, electrical, telecommunication and other equipment, systems and facilities, and (B) trade fixtures, furniture, equipment and other personal property installed by or at the expense of Tenant; (iii) Worker’s Compensation coverage as required by law; and (iv) business interruption, loss of income and extra expense insurance covering any failure or interruption of Tenant’s business equipment (including, without limitation, telecommunications equipment) and covering all other perils, failures or interruptions sufficient to cover a period of interruption of not less than twelve (12) monthssuch increase is necessary. Tenant shall carry pay all premiums and maintain during the entire Term (including any option periodscharges for all of said policies, and, if applicable)Tenant shall fail to make any such payment when due or carry any such policy, Landlord may, but shall not be obligated to, make such payment or carry such policy, and the amount paid by Landlord, with interest thereon at Tenant’s sole cost and expensethe Default Rate, increased amounts of the insurance required shall be repaid to be carried Landlord by Tenant pursuant within ten (10) days following demand therefor, and all such amounts so repayable, together with such interest, shall be deemed to constitute additional Rent hereunder. Payment by Landlord of any such premium, or the carrying by Landlord of any such policy, shall not be deemed to waive or release Tenant from any remedy available to Landlord under this Article 14 and such other reasonable types of insurance coverage and in such reasonable amounts covering the Premises and Tenant’s operations therein, as may be reasonably required by LandlordLease.

Appears in 1 contract

Samples: Lease Agreement (BCAC Holdings, Inc.)

Tenant’s Insurance. Tenant, shall at all times during the Term of this Lease, and at its own cost and expense, procure and continue in force the following insurance coverage: (i) Commercial General Liability Insurance, written on an occurrence basis, with a combined single limit for bodily injury and property damages of not less than Two Million Dollars ($2,000,000) per occurrence and Three Million Dollars ($3,000,000) in the annual aggregate, including products liability coverage if applicable, owners and contractors protective coverage, blanket contractual coverage including both oral and written contracts, and personal injury coverage, covering the insuring provisions of this Lease and the performance of Tenant of the indemnity and exemption of Landlord from liability agreements set forth in Article 13 hereof; (ii) a policy of standard fire, extended coverage and special extended coverage insurance (all risks), including a vandalism and malicious mischief endorsement, sprinkler leakage coverage and earthquake sprinkler leakage where sprinklers are provided in an amount equal to the full replacement value new without deduction for depreciation of all (A) Tenant Improvements, Alterations, fixtures and other improvements in the Premises, including but not limited to all mechanical, plumbing, heating, ventilating, air conditioning, electrical, telecommunication and other equipment, systems and facilities, and (B) trade fixtures, furniture, equipment and other personal property installed by or at the expense of Tenant; (iii) Worker’s 's Compensation coverage as required by law; and (iv) business interruption, loss of income and extra expense insurance covering any failure or interruption of Tenant’s 's business equipment (including, without limitation, telecommunications equipment) and covering all other perils, failures or interruptions sufficient to cover a period of interruption of not less than twelve (12) months. Tenant shall carry and maintain during the entire Term (including any option periods, if applicable), at Tenant’s 's sole cost and expense, reasonable increased amounts of the insurance required to be carried by Tenant pursuant to this Article 14 and such other reasonable types of insurance coverage and in such reasonable amounts covering the Premises and Tenant’s 's operations therein, as may be reasonably required by Landlord, but Landlord shall only be entitled to require such increased amounts and/or other coverages if they are then generally required by owners of comparable office buildings in the Bothell, Washington area.

Appears in 1 contract

Samples: Standard Multi Tenant Lease (SCOLR Pharma, Inc.)

Tenant’s Insurance. Tenant, shall at all times during the Term of this LeaseLease (or if applicable, during the Early Entry Period), and at its own cost and expense, procure and continue in force the following insurance coverage: (i) Commercial General Liability Insurance, written on an occurrence basis, with a combined single limit for bodily injury and property damages of not less than Two Million Dollars ($2,000,000) per occurrence and Three Million Dollars ($3,000,000) in the annual aggregate, including products liability coverage if applicable, owners and contractors protective coverage, blanket contractual coverage including both oral and written contracts, and personal injury coverage, covering the insuring provisions of this Lease and the performance of Tenant of the indemnity and exemption of Landlord from liability agreements set forth in Article 13 hereof; (ii) a policy of standard fire, extended coverage and special extended coverage insurance (all risks), including a vandalism and malicious mischief endorsement, sprinkler leakage coverage and earthquake sprinkler leakage where sprinklers are provided in an amount equal to the full replacement value new without deduction for depreciation of all (A) Tenant Improvements, Alterations, fixtures and other improvements in the Premises, including but not limited to all mechanical, plumbing, heating, ventilating, air conditioning, electrical, telecommunication and other equipment, systems and facilities, and (B) trade fixtures, furniture, equipment and other personal property installed by or at the expense of Tenant; (iii) Worker’s Compensation coverage as required by law; and (iv) business interruption, loss of income and extra expense insurance covering any failure or interruption of Tenant’s business equipment (including, without limitation, telecommunications equipment) and covering all other perils, failures or interruptions sufficient to cover a period of interruption of not less than twelve (12) months. Tenant shall carry and maintain during the entire Term (including any option periods, if applicable), at Tenant’s sole cost and expense, increased amounts of the insurance required to be carried by Tenant pursuant to this Article 14 and such other reasonable types of insurance coverage and in such reasonable amounts covering the Premises and Tenant’s operations therein, as may be reasonably required by Landlord.

Appears in 1 contract

Samples: Standard Office Lease (Tut Systems Inc)

Tenant’s Insurance. Tenant, shall at all times during the Term of this Lease, and at its own cost and expense, procure and continue in force the following insurance coverage: (i) Commercial General Liability Insurance, written on an occurrence basis, with a combined single limit for bodily injury and property damages of not less than Two Million Dollars ($2,000,000) per occurrence and Three Million Dollars ($3,000,000) in the annual aggregate, including products liability coverage if applicable, owners and contractors protective coverage, blanket contractual coverage including both oral and written contractscoverage, and personal injury coverage, covering the insuring provisions of this Lease and the performance of Tenant of the indemnity and exemption of Landlord from liability agreements set forth in Article 13 hereof; (ii) a policy of standard fire, extended coverage and special extended coverage insurance (all risks), including a vandalism and malicious mischief endorsement, sprinkler leakage coverage and earthquake sprinkler leakage where sprinklers are provided in an amount equal to the full replacement value new without deduction for depreciation of all (A) Tenant Improvements, Alterations, fixtures Improvements and other improvements Alterations in the Premises, including but not limited to all mechanical, plumbing, heating, ventilating, air conditioning, electrical, telecommunication and other equipment, systems and facilitiesfacilities installed by Tenant, and (B) trade fixtures, furniture, equipment and other personal property installed by or at the expense of Tenant; (iii) Worker’s Compensation coverage as required by law; and (iv) business interruption, loss of income and extra expense insurance covering any failure or interruption of Tenant’s business equipment (including, without limitation, telecommunications equipment) and covering all other perils, failures or interruptions sufficient to cover a period of interruption of not less than twelve (12) months. Tenant shall carry and maintain during the entire Term (including any option periods, if applicable), at Tenant’s sole cost and expense, increased amounts of the insurance required to be carried by Tenant pursuant to this Article 14 and such other reasonable types of insurance coverage and in such reasonable amounts covering the Premises and Tenant’s operations therein, as may be reasonably required by Landlord; provided that (A) Landlord may not require Tenant to provide any new or increased insurance coverages more than once during the initial Term nor more than once during any Option Term, and (B) Landlord may not require Tenant to carry any type or amount of insurance coverages in excess of that generally required to be carried by comparable tenants in comparable building projects owned by comparable owners in the Sunnyvale market.

Appears in 1 contract

Samples: Standard Office Lease (Aruba Networks, Inc.)

Tenant’s Insurance. Tenant, (A) Tenant shall at all times during procure and maintain throughout the Term of this Lease, and at its own sole cost and expense, procure and continue in force the following insurance coverage: insurance: (i1) Commercial General Liability InsuranceInsurance providing coverage for bodily injury (including death), written on an occurrence basis, with property damage and products liability insurance (where such exposure exists). This policy shall contain a broad form contractual liability endorsement under which the insurer agrees to insure Tenant's obligations under Section 4.6(A) hereof. Such insurance shall have a combined single limit for bodily injury and property damages of not less than Two Million Dollars ($2,000,000) per occurrence and Three Million Dollars ($3,000,000) per occurrence and Five Million Dollars ($5,000,000) in the annual aggregateaggregate for all occurrences within each policy year. Not more frequently than once in any three (3) year period, if, in the opinion of Landlord's lender or of the insurance consultant retained by Landlord, the amount of public liability and property damage insurance coverage at that time is not adequate, Tenant shall increase the insurance coverage as required by either Landlord's lender or Landlord's insurance consultant; provided however, that in no event shall any such insurance coverage be increased in excess of that which is from time to time being required by comparable landlords of comparable tenants leasing comparable amounts of space in Comparable Buildings; (2) Fire and extended coverage insurance covering Tenant's personal property, fixtures, improvements, wall coverings, floor coverings, window coverings, alterations, furniture, equipment, lighting, ceilings, heating, ventilation and air conditioning equipment, interior plumbing and plate glass, including products liability coverage if applicable, owners the Tenant Improvements and contractors protective coverage, blanket contractual coverage including both oral and written contracts, and personal injury coverage, covering the insuring provisions of this Lease and the performance of Tenant of the indemnity and exemption of Landlord from liability agreements set forth in Article 13 hereof; (ii) a policy of standard Alterations against loss or damage by fire, flood, windstorms, hail, earthquakes, explosion, riot, damage from aircraft and vehicles, smoke damage, vandalism and malicious mischief and such other risks as are from time to time covered under "extended coverage coverage" endorsements and special extended coverage insurance (endorsements commonly known as "all risks)" endorsements, including a vandalism and malicious mischief endorsement, sprinkler leakage coverage and earthquake sprinkler leakage where sprinklers are provided in an amount equal to the full replacement value new without deduction from time to time and containing the waiver of subrogation required in Section 6.3 of this Lease. The proceeds from any such policy shall be used by Tenant for depreciation the replacement of all such personal property; (A3) Tenant Improvements, Alterations, fixtures and other improvements State Worker's Compensation Insurance in the Premises, including but not limited to all mechanical, plumbing, heating, ventilating, air conditioning, electrical, telecommunication statutorily mandated limits and other equipment, systems and facilities, and (B) trade fixtures, furniture, equipment and other personal property installed by or at the expense of Tenant; (iii) Worker’s Compensation coverage as required by law; and (iv) business interruption, loss of income and extra expense insurance covering any failure or interruption of Tenant’s business equipment (including, without limitation, telecommunications equipment) and covering all other perils, failures or interruptions sufficient to cover a period of interruption Employers Liability Insurance with limits of not less than twelve Five Hundred Thousand Dollars (12$500,000); (4) monthsBusiness interruption insurance with coverage for at least one (1) year in such amounts as will reimburse Tenant for direct or indirect loss of earnings and incurred costs attributable to the perils commonly covered by Tenant's property insurance described above but in no event less than One Million Dollars ($1,000,000). Such insurance will be carried with the same insurer that issues the insurance for the personal property; and (5) Such other insurance, or amounts of insurance, as Landlord may reasonably require from time to time, but in no event may Landlord require any insurance which is (a) not then being required of comparable tenants leasing comparable amounts of space in Comparable Buildings, or (b) not then available at commercially reasonable rates. (B) It is expressly understood and agreed that the foregoing minimum limits of insurance coverage shall not limit the liability of Tenant for its acts or omissions as provided in this Lease. All of the foregoing insurance policies (with the exception of Worker's Compensation Insurance to the extent not available under statutory law) shall name Landlord, the operator under any reciprocal easement agreement affecting the Project, any holder of a Mortgage, any lessor under a Superior Lease or any managing agent for the Office Building and such other parties as Landlord shall from time to time designate as an additional insured as their respective interests may appear, and, except for worker's compensation coverage, shall provide that any loss shall be payable to Landlord and any other additional insured parties as their respective interests may appear. All insurance required hereunder shall be placed with companies which are rated A:XI or better by Best's Insurance Guide and licensed to do business in California. All such policies shall be written as primary policies, with annual deductibles not to exceed Ten Thousand Dollars ($10,000) and shall, if such is available on a commercially reasonable basis, contain a cross-liability endorsement or severability of interest clause acceptable to Landlord. Such insurance shall provide that it is primary insurance and not "excess over" or contributory, and any other policies, including Landlord's policy, will serve as excess and non-contributing coverage. Tenant shall carry deliver duplicate original copies of all such policies and all endorsements thereto, prior to the Commencement Date, or, in the case of renewals thereto, fifteen (15) days prior to the expiration of the prior insurance policy, together with evidence that such policies are fully paid for, and that no cancellation, material change or non-renewal thereof shall be effective except upon thirty (30) days prior written notice from the insurer to Landlord. If Tenant shall fail at any time to procure and/or maintain during the entire Term (including insurance required herein, Landlord may, at its option, procure such insurance on Tenant's behalf and the cost thereof shall be payable upon demand, as Additional Rent. Payment by Landlord of any option periodsinsurance premium or the carrying by Landlord of any such insurance policy shall not be deemed to waive or release the default of Tenant with respect thereto. In addition, if applicable), at Tenant’s sole cost Tenant fails to carry the amounts and expense, increased amounts types of the insurance required to be carried by Tenant it pursuant to this Article 14 Section 4.5, in addition to any remedies Landlord may have under this Lease, such failure shall be deemed to be a covenant and such other reasonable types agreement by Tenant to self-insure with respect to the type and amount of insurance coverage and in such reasonable amounts covering the Premises and Tenant’s operations thereinwhich Tenant so failed to carry, as may be reasonably required by Landlordwith full waiver of subrogation with respect thereto.

Appears in 1 contract

Samples: Office Building Lease (Aames Financial Corp/De)

Tenant’s Insurance. At Tenant, shall at all times during the Term of this Lease, and at its own cost and ’s expense, procure Tenant shall procure, carry and continue maintain in force effect throughout the Lease Term, in a form and with deductibles acceptable to Landlord and with such insurance companies as are acceptable to Landlord (which companies shall have a Best’s rating of A- VIII or better), the following insurance coverage: coverages: (ia) Commercial General Liability Insuranceinsurance (and commercial umbrella insurance, written on an if necessary to provide required limits), at least as broad as the Insurance Services Office (ISO) occurrence basispolicy form CG 00 01 (11/85), or a substitute form providing equivalent coverage as reasonably approved by Landlord, with a combined single limit for bodily injury and property damages limits of not less than Two Million Dollars ($2,000,000) 5,000,000 per occurrence and Three Million Dollars ($3,000,000) in the annual aggregate, covering bodily injury, property damage and personal and advertising injury and including, but not limited to, coverage for, premises and operations (including products liability coverage if applicable, owners the use of owned and contractors protective coverage, blanket contractual coverage including both oral and written contractsnon-owned equipment), and personal injury coveragecontractual liability (including tort liability of another party and Tenant’s liability in Paragraph 13 above); (b) Property insurance at least as broad as the most commonly available ISO Special Form Causes of Loss (“all risk”) policy form CP 1030 with an agreed amount endorsement, covering Tenant’s equipment, furniture, fixtures and other personal property located in, on or about the insuring provisions of this Lease Premises, including any Rooftop Equipment and the performance of Tenant of the indemnity Generator, and exemption of Landlord from liability agreements set forth in Article 13 hereof; (ii) a policy of standard fireincluding, extended without limitation, coverage for vandalism, malicious mischief, and special extended coverage insurance (all risks)sprinkler leakage, including a vandalism and malicious mischief endorsement, sprinkler leakage coverage and earthquake sprinkler leakage where sprinklers are provided in an amount equal to the full replacement value new thereof (without deduction for depreciation depreciation); (c) Workers’ compensation insurance, in accordance with Applicable Laws; and (d) Loss of all (A) Tenant Improvements, Alterations, fixtures and other improvements in the Premises, including but not limited to all mechanical, plumbing, heating, ventilating, air conditioning, electrical, telecommunication and other equipment, systems and facilities, and (B) trade fixtures, furniture, equipment and other personal property installed by or at the expense of Tenant; (iii) Worker’s Compensation coverage as required by law; and (iv) business interruption, loss of income Income insurance and extra expense insurance covering any failure coverage in amounts as will reimburse Tenant for direct or interruption indirect loss of earnings attributable to all perils commonly insured against by prudent lessees in the business of Tenant’s business equipment (including, without limitation, telecommunications equipment) and covering all other perils, failures or interruptions sufficient attributable to cover a period prevention of interruption of not less than twelve (12) months. Tenant shall carry and maintain during the entire Term (including any option periods, if applicable), at Tenant’s sole cost and expense, increased amounts of the insurance required access to be carried by Tenant pursuant to this Article 14 and such other reasonable types of insurance coverage and in such reasonable amounts covering the Premises and Tenant’s operations therein, as may be reasonably required by Landlorda result of such perils.

Appears in 1 contract

Samples: Lease Agreement (Harmonic Inc)

Tenant’s Insurance. Tenant, shall Tenant covenants and agrees to procure at all times its expense on or before the Lease Commencement Date and to keep in force during the Lease Term of this Leasenaming Landlord, DuPont Fabros Development LLC, Jaguar Management LLC, its management agent for the Property (the “Agent”), and at its own cost and expense, procure and continue in force the following insurance coverageTenant as insured parties: (ix) Commercial General a commercial general liability insurance policy or such successor comparable form of coverage in the broadest form then available (hereinafter referred to as a “Liability Insurance, Policy”) written on an occurrence basis, with a combined single limit for bodily injury and property damages of not less than Two Million Dollars ($2,000,000) per occurrence and Three Million Dollars ($3,000,000) in the annual aggregate, including products liability coverage if applicable, owners and contractors protective coveragewithout limitation, blanket contractual liability coverage, broad form property damage, independent contractor’s coverage including both oral and written contracts, and personal injury coverage, covering protecting Landlord, the Agent and Tenant against any liability whatsoever, occasioned by any occurrence on or about the Premises or any appurtenances thereto, (y) a fire and other casualty policy (a “Fire Policy”) insuring provisions the full replacement value of this Lease Tenant’s leasehold improvements, regardless of by whom installed, and all of the performance furniture, trade fixtures and other personal property of Tenant of located in the indemnity Premises against loss or damage by fire, theft and exemption of Landlord from liability agreements set forth in Article 13 hereof; such other risks or hazards, and (iiz) a policy of standard fire, extended coverage and special extended coverage insurance (all risks), including a vandalism and malicious mischief endorsement, sprinkler leakage coverage and earthquake sprinkler leakage where sprinklers are provided in an amount equal against loss or damage to the full replacement value new without deduction for depreciation major components of all (A) Tenant Improvementsthe air-conditioning and heating system, Alterationsflywheels, fixtures steam pipes, steam turbines, steam engineer, steam boilers, and other improvements pressure vessels, high pressure piping and machinery, if any, such as are installed by or on behalf of Tenant in the PremisesPremises except as to items of Landlord’s Work. Such policies shall also insure against physical damage to the Premises arising out of an accident covered thereunder; such policies are to be written by good and solvent insurance companies licensed to do business in the District of Columbia satisfactory to Landlord, including but shall have not limited to all mechanicalless than a Best’s A+ 10 rating and shall be in such limits and with such maximum deductibles as Landlord may reasonably require. As of the date of this Lease, plumbingLandlord reasonably requires limits of liability under: clause (x) above, heatingthe Liability Policy of not less than $2,000,000 combined single limit per occurrence for bodily or personal injury (including, ventilatingdeath); clause (y) above, air conditioning, electrical, telecommunication and other equipment, systems and facilities, and (B) trade fixturesthe value of Tenant’s leasehold improvements, furniture, equipment trade fixtures and other personal property installed by or at the expense with a deductible of Tenant; (iii) Worker’s Compensation coverage as required by lawno more than $1,000.00; and clause (ivz) business interruptionabove, loss machinery insurance for full replacement cost of income and extra expense insurance covering any failure or interruption equipment with a deductible of Tenant’s business equipment (including, without limitation, telecommunications equipment) and covering all other perils, failures or interruptions sufficient to cover a period of interruption of not less no more than twelve (12) months$1,000.00. Tenant shall carry and maintain during will furnish Landlord with such information as Landlord may reasonably request from time to time as to the entire Term (including any option periods, if applicable), at Tenant’s sole cost and expense, increased amounts value of the items specified in clause (y) above within ten (10) days after request therefor. Such insurance required to may be carried by Tenant pursuant to this Article 14 and such other reasonable types of insurance coverage and in such reasonable amounts under a blanket policy covering the Premises and other locations of Tenant’s operations therein, as may if any, provided that each such policy shall in all respects comply with this Article and shall specify (i) that the portion of the total coverage of such policy that is allocated to the Premises is in the amounts required pursuant to this Section 14.1 and (ii) any sublimits in such blanket policy and such policy shall specify, or Tenant shall furnish Landlord a written statement from the insurer under such policy, that the protection afforded Tenant under any such blanket policy shall be reasonably required by Landlord.no

Appears in 1 contract

Samples: Assignment and Assumption of Lease (Dupont Fabros Technology, Inc.)

Tenant’s Insurance. Tenant shall, at Tenant's expense, shall at all times maintain during the Term term of this LeaseLease (and, and at its own cost and expenseif Tenant occupies or conducts activities in or about the Premises prior to or after the term hereof, procure and continue in force the following insurance coverage: then also during such pre-term or post-term period): (i) Commercial General Liability Insurance, written on an occurrence basiscommercial general liability insurance including contractual liability coverage, with a minimum coverages of $1,000,000 per occurrence combined single limit for bodily injury and property damages of damage, $1,000,000 for products-completed operations coverage, $100,000 fire legal liability, $1,000,000 for personal and advertising injury (which coverage shall not less than Two Million Dollars (be subject to the contractual liability exclusion), with a $2,000,000) per occurrence 2,000,000 general aggregate limit, for injuries to, or illness or death of, persons and Three Million Dollars ($3,000,000) damage to property occurring in or about the Premises or otherwise resulting from Tenant's operations in the annual aggregateBuilding, including products liability coverage if applicable, owners and contractors protective coverage, blanket contractual coverage including both oral and written contracts, and personal injury coverage, covering the insuring provisions of this Lease and the performance of Tenant of the indemnity and exemption of Landlord from liability agreements set forth in Article 13 hereof; (ii) a policy property insurance protecting Tenant against loss or damage by fire and such other risks as are insurable under then-available standard forms of standard fire, extended coverage "all risk" insurance policies (excluding earthquake and special extended coverage insurance (all risksflood but including water damage), including a vandalism covering Tenant's personal property and malicious mischief endorsementtrade fixtures in or about the Premises or the Real Property, sprinkler leakage coverage and earthquake sprinkler leakage where sprinklers are provided any improvements and/or Alterations in an amount equal to the Premises, for the full replacement value new thereof without deduction for depreciation depreciation, except that Tenant shall not be required to insure any of all (A) Tenant Improvements, Alterations, fixtures and other improvements the Initial Alterations in the Premises, including but not limited to all mechanical, plumbing, heating, ventilating, air conditioning, electrical, telecommunication Premises which are normal and other equipment, systems and facilities, and (B) trade fixtures, furniture, equipment and other personal property installed by or at the expense of Tenantcustomary general office improvements; (iii) Worker’s Compensation workers' compensation insurance in statutory limits; (iv) at least three months' coverage as required by lawfor loss of business income and continuing expenses, providing protection against any peril included within the classification "all risk," excluding earthquake and flood but including water damage; and (ivv) business interruptionif Tenant operates owned, loss leased or non-owned vehicles on the Real Property, comprehensive automobile liability insurance with a minimum coverage of income $1,000,000 per occurrence, combined single limit. The above described policies shall protect Tenant, as named insured, and extra expense insurance covering Landlord and all the other Indemnitees and any failure or interruption of Tenant’s business equipment (includingother parties designated by Landlord, without limitation, telecommunications equipment) and covering all other perils, failures or interruptions sufficient to cover a period of interruption of not less than twelve (12) months. Tenant as additional insureds; shall carry and maintain during the entire Term (including any option periods, if applicable), at Tenant’s sole cost and expense, increased amounts of the insurance required to be carried by Tenant pursuant to this Article 14 insure Landlord's and such other parties' contingent liability with regard to acts or omissions of Tenant; shall specifically include all liability assumed by Tenant under this Lease (provided, however, that such contractual liability coverage shall not limit or be deemed to satisfy Tenant's indemnity obligations under this Lease); and, if subject to deductibles, shall provide for deductible amounts not in excess of those approved in advance in writing by Landlord in its reasonable types discretion. Landlord reserves the right to increase the foregoing amount of insurance liability coverage from time to time as Landlord reasonably determines is required to adequately protect Landlord and the other parties designated by Landlord from the matters insured thereby (provided, however, that Landlord makes no representation that the limits of liability required hereunder from time to time shall be adequate to protect Tenant), and to require that Tenant cause any of its contractors, vendors, movers or other parties conducting activities in such reasonable amounts covering or about or occupying the Premises to obtain and Tenant’s operations therein, maintain insurance as may reasonably determined by Landlord and as to which Landlord and such other parties designated by Landlord shall be reasonably required by Landlordadditional insureds.

Appears in 1 contract

Samples: Office Lease (Embarcadero Technologies Inc)

Tenant’s Insurance. Tenant, shall at all times Tenant’s expense, agrees to maintain in force, with a company or companies reasonably acceptable to Landlord, during the Term of this Lease, and at its own cost and expense, procure and continue in force the following insurance coverageTerm: (ia) Commercial General Liability Insurance, written Insurance on a primary basis and without any right of contribution from any insurance carried by Landlord covering the Premises on an occurrence basisbasis against all claims for personal injury, with bodily injury, death and property damage, including contractual liability covering the indemnification provisions in this Lease. Such insurance shall be for such limits that are reasonably required by Landlord from time to time but not less than a combined single limit of Five Million and No/100 Dollars ($5,000,000.00); (b) Workers’ Compensation in statutory required amounts and Employers’ Liability Insurance for bodily injury and property damages an amount of not less than Two One Million and No/100 Dollars ($2,000,000) per occurrence and Three Million Dollars ($3,000,000) 1,000,000.00), both in accordance with the annual aggregate, including products liability coverage if applicable, owners and contractors protective coverage, blanket contractual coverage including both oral and written contracts, and personal injury coverage, covering the insuring provisions of this Lease and the performance of Tenant laws of the indemnity and exemption State of Landlord from liability agreements set forth in Article 13 hereofFlorida; (iic) a policy of standard fire, extended coverage and special extended coverage “All Risks” property insurance (all risks), including a vandalism and malicious mischief endorsement, sprinkler leakage coverage and earthquake sprinkler leakage where sprinklers are provided in an amount equal adequate to cover the full replacement value new without deduction for depreciation cost of all (A) Tenant Improvementsequipment, Alterationsinstallations, fixtures and other improvements contents of the Premises in the event of loss and any such policy shall contain a provision requiring the insurance carriers to waive their rights of subrogation against Landlord; (d) In the event a motor vehicle is to be used by Tenant in connection with its business operation from the Premises, including but not limited to all mechanical, plumbing, heating, ventilating, air conditioning, electrical, telecommunication and other equipment, systems and facilities, and (B) trade fixtures, furniture, equipment and other personal property installed by or at the expense of Tenant; (iii) Worker’s Compensation Comprehensive Automobile Liability Insurance coverage as required by law; and (iv) business interruption, loss of income and extra expense insurance covering any failure or interruption of Tenant’s business equipment (including, without limitation, telecommunications equipment) and covering all other perils, failures or interruptions sufficient to cover a period of interruption with limits of not less than twelve Three Million and No/100 Dollars (12$3,000,000.00) months. Tenant shall carry combined single limit coverage against bodily injury liability and maintain during the entire Term (including any option periods, if applicable), at Tenant’s sole cost and expense, increased amounts property damage liability arising out of the insurance required to be carried use by Tenant pursuant to or on behalf of Tenant, its agents and employees in connection with this Article 14 Lease, of any owned, non-owned or hired motor vehicles; and (e) such other reasonable types of insurance coverage and in such reasonable amounts covering the Premises and Tenant’s operations therein, as may be or coverages reasonably required by Landlord, provided such insurance or coverages are (i) customarily required by other landlords of Class A buildings in the Westshore Business District comparable to the Building and (ii) commercially available and customarily carried by companies similar to Tenant in terms of size, industry, and creditworthiness.

Appears in 1 contract

Samples: Lease Agreement (PBSJ Corp /Fl/)

Tenant’s Insurance. TenantDuring the Term, shall at all times during the Term of this Lease, Tenant will provide and at its own cost and expense, procure and continue keep in force the following insurance: (a) commercial general liability insurance coverage: relating to Tenant’s business (icarried on, in or from the Premises or Common Areas) Commercial General Liability Insuranceand Tenant’s use and occupancy of the Premises, written on an occurrence basisfor personal and bodily injury and death, and damage to others’ property, with limits of not less than $1,000,000 for any one accident or occurrence and a general aggregate limit of not less than $2,000,000; (b) all risk or fire insurance (including standard extended endorsement perils, leakage from fire protective devices and other water damage) relating to Tenant’s fixtures, furnishings, personal property, equipment, inventory and stock-in-trade on a full replacement cost basis in amounts sufficient to prevent Tenant from becoming a coinsurer and subject only to such deductibles and exclusions as Landlord may reasonably approve; (c) if any boiler or machinery is operated in the Premises, boiler and machinery insurance; (d) if Tenant operates owned, hired or non-owned vehicles on the Premises, automobile liability insurance with limits of not less than $1,000,000 combined single limit for bodily injury and property damages of not less than Two Million Dollars damage; and ($2,000,000e) per occurrence workers’ compensation and Three Million Dollars employer’s liability insurance in any amounts required to comply with applicable Laws. Landlord, Landlord’s property manager ($3,000,000) if any), and any Lender will be named as additional insureds in the annual aggregatepolicy described in Section 9.2(a), including products which will include cross liability coverage if applicable, owners and contractors protective coverage, blanket contractual coverage including both oral severability of interests clauses and written contracts, will be on an “occurrence” (and personal injury coverage, covering not a “claims made”) form. The policies described in Sections 9.2(b) and 9.2(c) will permit the insuring provisions of this Lease and the performance of Tenant of the indemnity and exemption release of Landlord from certain liability agreements set forth under Section 11.2. Tenant’s insurance policies will be written by insurers that are rated A IX or better by Best’s Rating Guide and licensed in Article 13 hereof; (ii) a policy of standard firethe state in which the Building is located will be written as primary policies, extended not contributing with and not supplemental to the coverage that Landlord may carry, and special extended coverage insurance (all risks)will otherwise be upon such terms and conditions as Landlord from time to time reasonably requires, including a vandalism and malicious mischief endorsement, sprinkler leakage coverage and earthquake sprinkler leakage where sprinklers are provided in an amount equal to the full replacement value new without deduction for depreciation of all (A) Tenant Improvements, Alterations, fixtures and other improvements in the Premises, including but not limited to all mechanical, plumbing, heating, ventilating, air conditioning, electrical, telecommunication and other equipment, systems and facilities, and (B) trade fixtures, furniture, equipment and other personal property installed by or at the expense of Tenant; (iii) Worker’s Compensation coverage as required by law; and (iv) business interruption, loss of income and extra expense insurance covering any failure or interruption of limits on Tenant’s business equipment (including, without limitation, telecommunications equipment) and covering all other perils, failures or interruptions sufficient to cover a period of interruption of not less than twelve (12) monthsdeductibles. Tenant shall carry will file with Landlord, on or before the Commencement Date and maintain during at least 10 days before the entire Term (including any option periodsexpiration date of expiring policies, if applicable)such copies of either current policies or certificates, at Tenant’s sole cost and expense, increased amounts of the insurance required to be carried by Tenant pursuant to this Article 14 and such or other reasonable types of insurance coverage and in such reasonable amounts covering the Premises and Tenant’s operations thereinproofs, as may be reasonably required to establish Tenant’s insurance coverage in effect from time to time and payment of premiums. Tenant’s insurers will agree to give Landlord and all other additional insureds at least 30 days’ prior notice of any non-renewal, and at least 10 days’ prior notice of any cancellation, of any insurance coverage required by this Section 9.2. If Tenant fails to insure or pay premiums, or to file satisfactory proof as required, Landlord may, upon a minimum of 24 hours’ notice, effect such insurance and Tenant will pay to Landlord, on demand, the cost of any premiums paid by Landlord. Tenant shall be entitled to maintain an umbrella policy covering all of Tenant’s assets.

Appears in 1 contract

Samples: Lease Agreement (Solid Power, Inc.)

Tenant’s Insurance. Tenant, shall at all times during the Term of this LeaseLease commencing on the Rent Commencement Date, and at its own cost and expense, procure and continue in force the following insurance coverage: (i) Commercial General Liability Insurance, written on an occurrence basis, with a combined single limit for bodily injury and property damages of not less than One Million Dollars ($1,000,000) per occurrence and Two Million Dollars ($2,000,000) per occurrence and Three Million Dollars ($3,000,000) in the annual aggregate, with a Five Million Dollar ($5,000,000) umbrella coverage policy, including products liability coverage if applicable, owners and contractors protective coverage during the construction of any improvements or Alterations only, host liquor liability coverage, blanket and limited contractual liability coverage including both oral and written contracts, and personal injury coverage, covering the insuring provisions of this Lease and the performance of Tenant of the indemnity and exemption of Landlord from liability agreements set forth in Article 13 hereofLease; (ii) a policy of standard fire, extended coverage and special extended coverage insurance (all risksspecial form), including a vandalism and malicious mischief endorsement, sprinkler leakage coverage and earthquake sprinkler leakage where sprinklers are provided in an amount equal to the full replacement value new without deduction for depreciation of all (A) Original Improvements (not including main or Building core systems that are designed to serve other portions of the Building other than the Premises), Tenant Improvements, Alterations, fixtures and other improvements in the Premises, including but not limited to all mechanical, plumbing, heating, ventilating, air conditioning, electrical, telecommunication and other equipment, systems and facilities, and (B) to the extent not already covered under the preceding clause (A), trade fixtures, furniture, equipment and other personal property installed by or at the expense of Tenant; (iii) Worker’s 's Compensation coverage as with statutory limits required by lawthe state law and Employer's Liability Insurance of $1,000,000, and scheduled to the umbrella/excess liability insurance policy; and (iv) business interruption, loss of income and extra expense insurance covering any failure or interruption of Tenant’s 's business equipment (including, without limitation, including telecommunications equipment) and covering all other perils, failures or interruptions sufficient to cover a period of interruption of not less than twelve three (123) months; and (v) commercial auto liability insurance (if applicable) covering automobiles owned, hired or used by Tenant in carrying on its business with limits not less than $1,000,000 combined single limit for each accident, and scheduled to the umbrella/excess liability insurance policy. Tenant shall carry and maintain during the entire Term (including any option periods, if applicable), at Tenant’s 's sole cost and expense, increased amounts of the insurance required to be carried by Tenant pursuant to this Article 14 and such other reasonable types of insurance coverage and in such reasonable amounts covering the Premises and Tenant’s 's operations therein, as may be reasonably required by LandlordLandlord and which are consistent with the practices of landlords of Comparable Buildings.

Appears in 1 contract

Samples: Standard Office Lease (Glu Mobile Inc)

Tenant’s Insurance. At all times on and after delivery of the Premises to Tenant, shall Tenant will carry and maintain, at all times during the Term of its expense: (a) a non-deductible commercial general liability insurance policy, including (but not limited to) insurance against assumed or contractual liability under this Lease, with respect to liability arising out of the ownership, use, occupancy or maintenance of the Premises and at its own cost and expenseall areas appurtenant thereto, procure and continue in force the following insurance coverage: (i) Commercial General Liability Insuranceto afford protection with respect to personal injury, written on an occurrence basis, with a combined single limit for bodily injury and death or property damages damage of not less than Two Million Dollars ($2,000,000) per occurrence and Three combined single limit/Four Million Dollars ($3,000,0004,000,000) general aggregate (but not less than $2,000,000 per location aggregate); and (b) special form property and casualty insurance policy, including theft coverage, written at not less than eighty percent (80%) replacement cost value covering all of Tenant's personal property in the annual aggregate, including products liability coverage if applicable, owners and contractors protective coverage, blanket contractual coverage including both oral and written contracts, and personal injury coverage, covering the insuring provisions of this Lease and the performance of Tenant of the indemnity and exemption of Landlord from liability agreements set forth in Article 13 hereof; (ii) a policy of standard fire, extended coverage and special extended coverage insurance (all risks), including a vandalism and malicious mischief endorsement, sprinkler leakage coverage and earthquake sprinkler leakage where sprinklers are provided in an amount equal to the full replacement value new without deduction for depreciation of all (A) Tenant Improvements, Alterations, fixtures and other improvements in the Premises, including but not limited to all mechanical, plumbing, heating, ventilating, air conditioning, electrical, telecommunication and other equipment, systems and facilities, and (B) trade fixtures, furniture, equipment and other personal property installed by or at the expense of Tenant; (iii) Worker’s Compensation coverage as required by law; and (iv) business interruption, loss of income and extra expense insurance covering any failure or interruption of Tenant’s business equipment Premises (including, without limitation, telecommunications equipmentinventory, trade fixtures, furniture and other property removable by Tenant under the provisions of this Lease) and covering all other perilsleasehold improvements installed in the Premises by or on behalf of Tenant, failures or interruptions sufficient to cover which policy may have a period of interruption deductible of not less more than twelve $25,000; and (12c) months. Tenant shall carry comprehensive boiler and maintain during the entire Term (machinery equipment policy, including any option periodselectrical apparatus, if applicable), at Tenant’s sole cost which policy may have a deductible of not more than $25,000; and (d) if and expenseto the extent required by law, increased worker's compensation insurance policy, or similar insurance in form and amounts required by law. Tenant may maintain the required liability and special form property and casualty insurance in the form of a blanket policy covering other locations of Tenant in addition to the Premises; provided, however, that Tenant shall provide Landlord with a certificate of insurance specifically naming the location of the insurance required Premises, the limits of which coverage are to be carried at least in the amounts set forth in this Section 13.3. Notwithstanding the foregoing, Tenant may carry the required special form property and casualty insurance in a deductible form and may elect to self-insure such deductible, so long as the amount of such deductible does not exceed Five Thousand and 00/100 Dollars ($5,000.00) and Tenant agrees not to hold Landlord, its officers, agents, contractors or employees liable for any losses which would otherwise be covered by such deductible. Tenant pursuant to this Article 14 and such other reasonable types hereby expressly waives all right of recovery against Landlord, its officers, agents, employees or contractors for damage which would otherwise be covered by any deductible contained in Tenant's insurance coverage and in such reasonable amounts policies covering the Premises and Tenant’s operations therein, as may be reasonably required by LandlordPremises.

Appears in 1 contract

Samples: Lease Agreement (Mego Financial Corp)

Tenant’s Insurance. TenantCommencing the date Tenant is required to provide Landlord with the certificate of insurance, shall at all times during the Term of this Leaseas provided below, and continuing until the expiration or earlier termination of the Lease Term, Tenant shall carry and maintain at its own cost and expense, procure and continue in force expense the following insurance coveragecoverages with insurance companies reasonably acceptable to Landlord with a rating of A- or better by A.M. Best Company: (i) Commercial General Liability Insurance, (CGL) Policy (written on an occurrence basis), with a limits not less than One Million Dollars ($1,000,000) combined single limit for bodily per occurrence, Two Million Dollar ($2,000,000) annual aggregate covering liability arising from premises, operations, independent contractors, products-completed operations, personal injury, advertising injury and liability assumed under a contract; (ii) Property Damage Insurance on a Causes of Loss-Special Form basis covering on a replacement cost value all Above Standard improvements, fixtures, personal property damages and equipment located within the Premises; (iii) Business Interruption and Extra Expense insurance in such amounts as will reimburse Tenant for direct or indirect loss of earnings attributable to the perils insured against under this section; (iv) Workers’ Compensation insurance policy as required by the applicable state law, and Employers Liability insurance with limits of not less than Two One Million Dollars ($2,000,0001,000,000.00); (v) per occurrence and Three Automobile Liability insurance with single limit coverage of at least $1,000,000 for all owned, leased/hired or non-owned vehicles; (vi) If Tenant will serve or sell alcohol at the Project, a liquor liability insurance policy with minimum coverage of One Million Dollars ($3,000,0001,000,000.00); and (vii) in the annual aggregate, including products Excess/Umbrella liability coverage if applicable, owners and contractors protective coverage, blanket contractual coverage including both oral and written contracts, and personal injury coverage, covering the insuring provisions policy “following form” of this Lease and the performance of Tenant of the indemnity and exemption of Landlord from liability agreements set forth in Article 13 hereof; not less than Four Million Dollars (ii) a policy of standard fire, extended coverage and special extended coverage insurance (all risks$4,000,000), including a vandalism “drop down” feature in case the limits of the primary policy are exhausted. Landlord may also require all Outside Contractors to provide additional types of insurance coverages in amounts and malicious mischief endorsementtypes deemed necessary by Landlord, sprinkler leakage coverage and earthquake sprinkler leakage where sprinklers are provided in an amount equal to the full replacement value new without deduction for depreciation of all (A) Tenant Improvements, Alterations, fixtures and other improvements in the Premises, including but not limited to all mechanical, plumbing, heating, ventilating, air conditioning, electrical, telecommunication and other equipment, systems and facilities, and (B) trade fixtures, furniture, equipment and other personal property installed by or at the expense of Tenant; (iii) Worker’s Compensation coverage as required by law; and (iv) business interruption, loss of income and extra expense insurance covering any failure or interruption of Tenant’s business equipment (including, without limitation, telecommunications equipmentconstruction All-Risk Builder’s risks, Owners and Contractors Protective (OCP) Liability insurance, Professional Errors and Omissions liability insurance, and insurance covering all other perilssuch contractor’s equipment and tools. Each Liability insurance policy required to be maintained hereunder by Tenant shall name the following entities as Additional Insureds: Landlord, failures Parkway Properties, Inc., Parkway Realty Services, LLC, and their direct and indirect parent companies and subsidiaries and any of their affiliated entities, successors and assigns, as well as their respective current or interruptions sufficient future directors, officers, employees, partners, members and agents. Tenant’s insurance shall be considered primary, not excess, and non-contributory with Landlord’s insurance policies. Insurance deductibles or retentions should be reasonable and customary for policy holders in similar businesses and locations. An XXXXX 25 certificate of such insurance in the most recent edition available and reasonably satisfactory to cover a period Landlord, before the earlier of interruption the Commencement Date or ten (10) days after execution of the Lease, reflecting the limits and endorsements required herein, and renewal certificates shall be delivered to Landlord at least ten (10) days prior to the expiration date of any policy. Each policy shall be endorsed to provide notice of nonrenewal to Landlord and shall further provide that it may not less than twelve be materially altered or canceled without thirty (1230) monthsdays prior notice to Landlord. Landlord agrees to cooperate with Tenant to the extent reasonably requested by Tenant to enable Tenant to obtain such insurance. Landlord shall have the right to require increased limits if, in Landlord’s reasonable judgment, such increase is necessary. Tenant shall carry pay all premiums and maintain during the entire Term (including any option periodscharges for all of said policies, and, if applicable)Tenant shall fail to make any such payment when due or carry any such policy, Landlord may, but shall not be obligated to, make such payment or carry such policy, and the amount paid by Landlord, with interest thereon at Tenant’s sole cost and expensethe Default Rate, increased amounts of the insurance required shall be repaid to be carried Landlord by Tenant pursuant within ten (10) days following demand therefor, and all such amounts so repayable, together with such interest, shall be deemed to constitute additional Rent hereunder. Payment by Landlord of any such premium, or the carrying by Landlord of any such policy, shall not be deemed to waive or release Tenant from any remedy available to Landlord under this Article 14 and such other reasonable types of insurance coverage and in such reasonable amounts covering the Premises and Tenant’s operations therein, as may be reasonably required by LandlordLease.

Appears in 1 contract

Samples: Commercial Lease (Fleetmatics Group PLC)

Tenant’s Insurance. TenantTenant shall maintain, shall at all times during the Term of this Lease, and at its own cost and expense, procure and continue in force the following insurance coverage: (i) Commercial General Liability Insurance, written on an occurrence basis, coverages with a combined single limit for bodily injury and property damages limits of not less than Two Million Dollars the greater of ($2,000,000i) per occurrence and Three Million Dollars those set forth hereunder, ($3,000,000ii) in those evidenced on the annual aggregate, including products liability coverage if applicable, owners and contractors protective coverage, blanket contractual coverage including both oral and written contractsdeclaration page of the pertinent insurance policy, and personal injury coverage(iii) those required by law. 10.3.1 Commercial General Liability Insurance issued on terms no less broad than the most current ISO CG 00 01 occurrence form, covering the insuring provisions insured against claims of this Lease bodily injury, personal and advertising injury and property damage (including loss of use thereof) arising out of Tenant’s operations, products/completed operations, social or host liquor liability (if applicable), and “insured contracts” (as defined by the performance of Tenant of the indemnity and exemption of Landlord from liability agreements set forth in Article 13 hereof; (ii) a policy of standard fire, extended coverage and special extended coverage insurance (all risksmost current ISO CG 00 01 form), including a vandalism Separation of Insureds provision with no exclusion for cross-liability, and malicious mischief endorsementincluding the Additional Insureds (as defined hereunder) as additional insureds with respect to both ongoing and completed operations coverage on a primary and non-contributory basis, sprinkler leakage coverage for limits of liability of not less than: $1,000,000 each occurrence $2,000,000 annual aggregate per location $1,000,000 personal and earthquake sprinkler leakage where sprinklers are provided advertising injury $2,000,000 products-completed operations No deductible or self-insured retention. 10.3.2 Property Insurance covering (i) all office furniture, business and trade fixtures, office equipment, free-standing cabinet work, movable partitions, merchandise and all other items of Tenant’s property on the Premises installed by, for, or at the expense of Tenant, and (ii) any other tenant improvements that exist in the Premises as of the Lease Commencement Date (the “New Improvements”). Such insurance shall be written on an amount equal to “all risks” of physical loss or damage basis, for the full replacement cost value (subject to reasonable deductible amounts) new without deduction for depreciation of all (A) Tenant Improvementsthe covered items and in amounts that meet any co-insurance clauses of the policies of insurance and shall include coverage for damage or other loss caused by fire or other peril including, Alterations, fixtures and other improvements in the Premises, including but not limited to all mechanicalto, plumbinghail, heatingwindstorm, ventilatingflood, air conditioningearthquake, electricalterrorism, telecommunication vandalism and other equipmentmalicious mischief, systems and facilitiestheft, water damage of any type, including sprinkler leakage, earthquake sprinkler leakage, bursting or stoppage of pipes, and explosion. 176647423.3 373606-000050 10.3.3 Business Income Interruption for one (B1) trade fixtures, furniture, equipment and other personal property installed by year plus Extra Expense insurance in such amounts as will reimburse Tenant for actual direct or at the expense of Tenant; (iii) Worker’s Compensation coverage as required by law; and (iv) business interruption, indirect loss of income earnings and extra expense continuing expense, including rent, attributable to the risks outlined in Section 10.3.2 above. Tenant may self-insure the Business Income Interruption insurance covering any failure or interruption so long as the self-insured amount shall be deemed to contain all of Tenant’s business equipment (the terms and conditions applicable to the insurance required in this Lease, including, without limitation, telecommunications equipment) full waiver of subrogation in favor of Landlord. 10.3.4 Auto Liability Insurance covering liability arising out of any auto, including owned (if any), non-owned, leased, and covering all other perilshired autos, failures or interruptions sufficient to cover with a period of interruption limit of not less than twelve (12) months. Tenant shall carry $1,000,000 combined single limit each accident for bodily injury and maintain during the entire Term (including any option periods, if applicable), at Tenant’s sole cost and expense, increased amounts of the insurance required to be carried by Tenant pursuant to this Article 14 and such other reasonable types of insurance coverage and in such reasonable amounts covering the Premises and Tenant’s operations therein, as may be reasonably required by Landlordproperty damage.

Appears in 1 contract

Samples: Lease (Organovo Holdings, Inc.)

Tenant’s Insurance. Tenant, shall at At all times during the Term of this LeaseTerm, Tenant will carry and maintain, at its own cost and Tenant's expense, procure and continue in force the following insurance coverage: (i) Commercial General Liability Insurance, written on an occurrence basis, the following insurance, in the amounts and on the forms specified below or such other amounts and on such other forms as Landlord may from time to time reasonably request, with insurance companies satisfactory to Landlord: (a) Bodily injury to or personal injury to or death of any person, or more than one (1) person, or for damage to property in an amount of not less than $1 million combined single limit each Occurrence/General Aggregate and including a per location General Aggregate endorsement, together with fire legal liability coverage of not less than $50,000.00. (b) Insurance covering all of Tenant's furniture and fixtures, machinery, equipment, and any other personal property owned and used in Tenant's business and found in, on, or about the Premises, and any leasehold improvements to the Premises in excess of the Allowance, if any, provided pursuant to the Build-to- Suit Letter, Exhibit B in an amount not less than the full replacement cost under Standard Fire and Extended Coverage Policy and all other risks of direct physical loss as insured against under Special Form ("all risk of direct physical loss" coverage). All such insurance will be written on the most current ISO Commercial Property Form. All policy proceeds will be used for the repair or replacement of the property damaged or destroyed; except, however, if this Lease ceases under the provisions of Article 18, Tenant will be entitled to any proceeds resulting from damage to Tenant's furniture and fixtures, machinery, equipment, and any other personal property in excess of the Allowance, if any, provided pursuant to the Build-to-Suit Letter, Exhibit B; (c) Worker's compensation insurance insuring against and satisfying Tenant's obligations and liabilities under the worker's compensation laws of the state of Florida, and Employer's Liability Insurance in the limits required by the laws of the state of Florida but in an amount not less than $500,000.00 each accident, $500,000.00 decease - policy limit, $500,000.00 disease - each employee; (d) If Tenant operates owned, hired, or non-owned vehicles on the Premises, the most current ISO Business Auto Coverage Form insurance with a combined single limit for bodily injury and property damages damage of not less than Two Million Dollars $1 million; ($2,000,000e) per occurrence and Three Million Dollars ($3,000,000) Umbrella liability insurance in the annual aggregate, including products liability coverage if applicable, owners and contractors protective coverage, blanket contractual coverage including both oral and written contracts, and personal injury coverage, covering the insuring provisions of this Lease and the performance of Tenant excess of the indemnity and exemption of Landlord from liability agreements set forth underlying coverage listed in Article 13 hereof; Subsections (ii) a policy of standard fire, extended coverage and special extended coverage insurance (all risksa), including a vandalism and malicious mischief endorsement(b), sprinkler leakage coverage and earthquake sprinkler leakage where sprinklers are provided in an amount equal to the full replacement value new without deduction for depreciation of all (Ac) Tenant Improvements, Alterations, fixtures and other improvements in the Premises, including but not limited to all mechanical, plumbing, heating, ventilating, air conditioning, electrical, telecommunication and other equipment, systems and facilities, and (Bd) trade fixturesabove, furniture, equipment and other personal property installed by or at the expense of Tenant; (iii) Worker’s Compensation coverage as required by law; and (iv) business interruption, loss of income and extra expense insurance covering any failure or interruption of Tenant’s business equipment (including, without limitation, telecommunications equipment) and covering all other perils, failures or interruptions sufficient to cover a period of interruption with limits of not less than twelve $3 million per occurrence/$3 million aggregate and in including a per location General Aggregate endorsement; and (12f) months. Tenant shall carry and maintain during the entire Term Such other insurance (including any option periods, if applicablewithout limitation plate glass insurance), at Tenant’s sole cost and expense, increased amounts of the insurance required to be carried by Tenant pursuant to this Article 14 and such other reasonable types of insurance coverage and in such reasonable amounts covering the Premises and Tenant’s operations therein, as may be reasonably required by Landlordof Tenant.

Appears in 1 contract

Samples: Single Tenant Building Lease (Sri Surgical Express Inc)

Tenant’s Insurance. TenantTenant shall, shall at all times during the Term of this Lease, and at its own cost and expense, procure and continue maintain in force the following insurance coverage: : (ia) Commercial General Liability Insuranceinsurance, written on an in occurrence basisform, insuring Tenant against any and all liability for injury to or death of a person or persons, and for damage to or destruction of property, occasioned by or arising out of or in connection with a combined single limit the use or occupancy of the Premises or the business operated by Tenant thereon, including products completed operations coverage and personal and advertising injury. Such policies shall include contractual liability coverage for bodily injury and property damages Tenant’s indemnity obligations under this Lease with minimum limits of not less than Two Million Dollars ($2,000,000) per occurrence and liability of at least Three Million Dollars ($3,000,000) each occurrence I Three Million Dollars ($3,000,000) general aggregate (which limits can be satisfied by a combination of a Commercial General Liability and Umbrella/Excess coverage, provided, such Umbrella/Excess coverage must be as broad as the Commercial General Liability policy). Landlord in the annual aggregateits reasonable judgment may require additional coverage or higher limits of liability; (b) Worker’s compensation and similar insurance offering statutory coverage and containing statutory limits and employer’s liability insurance with policy limits of not less than One Million Dollars ($1,000,000). Such policies shall contain a Waiver of Subrogation endorsement in favor of Landlord and its partners, property manager, and any Security Holders designated by Landlord; (c) Automobile liability insurance for owned, hired and non-owned automobiles at a limit of liability of One Million Dollars ($1,000,000) each occurrence; and (d) Special causes of loss (“all risk”) insurance, including products liability coverage if applicable, owners and contractors protective coverage, blanket contractual coverage including both oral and written contracts, and personal injury coverage, covering the insuring provisions of this Lease and the performance of Tenant of the indemnity and exemption of Landlord from liability agreements set forth in Article 13 hereof; (ii) a policy of standard fire, extended coverage and special extended coverage insurance (all risks), including a vandalism and malicious mischief endorsementcoverage, sprinkler leakage coverage covering and earthquake sprinkler leakage where sprinklers are provided in an amount equal to the full replacement value new without deduction for depreciation of (i) all (A) Tenant Improvements, Alterations, fixtures and other improvements in the Premises, including but not limited to all mechanical, plumbing, heating, ventilating, air conditioning, electrical, telecommunication and other equipment, systems and facilities, and (B) trade fixtures, furniture, furniture and equipment and other personal property installed in the Premises by or at the expense of Tenant; (iii) Worker’s Compensation coverage as required by law; and (ivii) the Tenant-Insured Suite Improvements, naming Landlord and any Security Holders designated by Landlord as loss payees with respect to the Tenant-Insured Suite Improvements. Tenant shall also carry business interruption, loss of income and interruption coverage including extra expense insurance covering any failure or interruption of Tenant’s business equipment (including, without limitation, telecommunications equipment) and covering all other perils, failures or interruptions sufficient in an amount equal to cover a period of interruption of not less than twelve (12) monthsmonths of business income. The minimum limits of insurance set forth in (a) through (c) of this Section 13.1 shall in no event limit the liability of Tenant hereunder. The aforesaid liability insurance shall name Landlord and its partners, property manager, and any Security Holders designated by Landlord, as additional insureds. Such policies will be maintained in companies having a “General Policyholders Rating” of at least A- VIII as set forth in the most current issue of “Best’s Insurance Guide”, and will be written as primary policy coverage and not contributing with, or in excess of, any coverage which Landlord shall carry. Tenant shall carry deposit certificates of such required insurance with Landlord prior to the earlier to occur of (x) the Commencement Date of this Lease, or (y) Tenant’s occupancy of the Premises, which certificates shall contain a provision stating that such policy or policies shall not be canceled except after thirty (30) days’ written notice to Landlord. If Tenant is notified by an insurer that any of the foregoing policies will be materially altered, Tenant shall notify Landlord of such alteration at least thirty (30) days before the effective date thereof. Tenant shall have the right to provide the coverages required herein under blanket policies provided that the coverage afforded shall not be diminished by reason thereof. If Tenant does not take out and maintain during such insurance, Landlord may (but shall not be required to) procure said insurance on Xxxxxx’s behalf and Tenant shall reimburse Landlord within ten (10) days following demand for the entire Term (including any option periodspremiums therefor together with a reasonable handling charge, if applicable)together with interest at the Default Rate from the date such premiums were paid by Landlord. Tenant shall, at Tenant’s sole cost and expenseleast twenty (20) days prior to the expiration of such policies, increased amounts furnish Landlord with evidence of the insurance required to be carried by Tenant pursuant to this Article 14 and such other reasonable types of insurance coverage and in such reasonable amounts covering the Premises and Tenant’s operations therein, as may be reasonably required by Landlordrenewals or binders.

Appears in 1 contract

Samples: Building Lease (Freedom Acquisition I Corp.)

Tenant’s Insurance. Tenant(a) Except as otherwise provided in subsection (b) below, shall Tenant shall, at all times during the Lease Term of this Lease, and at its own Tenant’s sole cost and expense, procure and continue in force the following insurance coverage: maintain, or cause to be maintained: (i) an “All Risk” Property policy insuring the 100% replacement cost of all of the furniture, trade fixtures and other personal property of Tenant located in the Premises against loss or damage by fire, theft, flood, earthquake (if available at a commercially reasonable premium in the applicable geographic insurance market), terrorism (if available at a commercially reasonable premium in the applicable geographic insurance market) and such other risks or hazards as Landlord may reasonably require. (ii) Commercial General general public liability and property damage insurance with coverage of not less than $1,000,000.00 per occurrence and $2,000,000 in the aggregate; and Commercial Umbrella or Excess Liability Insurance, written on an occurrence basis, with including, without limitation, blanket contractual liability coverage, broad form property damage, independent contractor’s coverage and personal injury coverage, protecting Landlord and Tenant against liability occasioned by an occurrence on or about the Premises or any appurtenances thereto, the minimum limits for this Commercial Umbrella or Excess Liability policy shall be not less than a combined single limit for bodily injury (including death) or personal injury and property damages damage of not less than Two Million Dollars ($2,000,000) 10,000,000 per occurrence and Three Million Dollars $10,000,000 general aggregate. ($3,000,000iii) Workers’ compensation insurance in the annual aggregateamount required by applicable regulations and employers’ liability insurance covering all persons employed by Tenant in connection with any work done on or about the Premises, including products liability coverage if applicableor, owners in lieu of such workers’ compensation insurance, a program of self-insurance complying with the rules, regulations and contractors protective coverage, blanket contractual coverage including both oral and written contracts, and personal injury coverage, covering the insuring provisions of this Lease and the performance of Tenant requirements of the indemnity appropriate agency of the Commonwealth of Pennsylvania. (iv) Comprehensive Boiler and exemption Machinery/Equipment Breakdown Insurance on any of Landlord from liability agreements set forth in Article 13 hereof; (ii) a policy of standard fire, extended coverage and special extended coverage insurance (all risks), including a vandalism and malicious mischief endorsement, sprinkler leakage coverage and earthquake sprinkler leakage where sprinklers are provided in an amount equal to the full replacement value new without deduction for depreciation of all (A) Tenant Improvements, Alterations, fixtures and other improvements equipment on or in the Premises, including but in an amount not limited less than $1,000,000.00 per accident for damage to all mechanical, plumbing, heating, ventilating, air conditioning, electrical, telecommunication property (and other equipment, systems which may be carried as part of the coverage required under clause (i) above or pursuant to a separate policy or endorsement). Either such Boiler and facilities, Machinery policy or the All Risk policy required in clause (i) above shall include at least $1,000,000.00 per incidence for Off-Premises Service Interruption and $500,000 per incidence for Expediting Expenses. (Bv) trade fixtures, furniture, equipment and other personal property installed by or Business Income/Extra Expense Insurance for payments of Base Rent at the expense of Tenant; (iii) Worker’s Compensation coverage as required by law; and (iv) business interruption, loss of income and extra expense insurance covering any failure or interruption of Tenant’s business equipment (including, without limitation, telecommunications equipment) and covering all other perils, failures or interruptions limits sufficient to cover 100% of the Base Rent for a period of interruption of not less than twelve (12) monthsmonths from time of loss. (vi) During any period in which substantial Alterations (as hereinafter defined) at the Premises are being undertaken, builder’s risk insurance covering the total completed value with respect to the improvements being constructed, altered or repaired (on a completed value, non-reporting basis), replacement cost of work performed and equipment, supplies and materials furnished in connection with such construction, alteration or repair of the improvements, together with such other endorsements as Landlord may reasonably require, and general liability, worker’s compensation and automobile liability insurance with respect to the improvements being constructed, altered or repaired. (vii) Such other insurance (or other or different terms with respect to any insurance required pursuant to this Section 9.1(a), including without limitation amounts of coverage, deductibles, form of mortgagee clause, insurer rating) on or in connection with any of the Premises as Landlord or the mortgagee under any Fee Mortgage may reasonably require, which at the time is usual and customarily obtained in connection with properties similar in type of building size, use and location to the Premises, as applicable; provided that the insurance requirements under this Article 9 shall not be adjusted more frequently than once in any give Lease Year. (b) The insurance required by Section 9.1(a) above shall be written by companies having a rating from Best’s Insurance Reports of A-/IX or above or a long-term insurer financial strength rating of A- or better by Standard & Poor’s Rating Services, a division of the McGraw Hill Companies, Inc. or equivalent rating agency approved by Landlord and its mortgagee under a Fee Mortgage in their sole, but reasonable, discretion. If said insurance or any part thereof shall expire, be withdrawn, become void, voidable, unreliable or unsafe for any reason, including a breach of any condition thereof by Tenant or the failure or impairment of the capital of any insurer, or if for any other reason whatsoever said insurance shall become reasonably unsatisfactory to Landlord, Tenant shall promptly obtain new or additional insurance reasonably satisfactory to Landlord. (c) Tenant will use commercially reasonable efforts to provide that each insurance policy referred to in subsections (i), (ii), (iv), (v) and (vi) of Section 9.1(a) above shall contain standard non-contributory mortgagee clauses in favor of the mortgagee under any Fee Mortgage. In addition, Tenant will endeavor to cause its insurance company to provide that each policy required by any provision of Section 9.1(a) above, except subsection (iii) thereof, shall provide that such insurance company shall endeavor to give at least thirty (30) days advanced written notice to Landlord and/or the mortgagee under any Fee Mortgage prior to any cancellation, substantial modification or lapse on any renewal date. (d) Tenant shall pay, or cause to be paid, as they become due all premiums for the insurance required by Section 9.1(a) above, shall renew or replace each policy and deliver to Landlord certificates of insurance evidencing such coverages. All certificates of insurance (including liability coverage) provided to Landlord and Lender shall be on standard XXXXX Form 28 (or its equivalent, or another commercially reasonable form provided by Tenant). (e) Anything in this Section 9.1 to the contrary notwithstanding, any insurance which Tenant is required to obtain pursuant to Section 9.1(a) above may be carried under a “blanket” policy or policies covering other properties of Tenant or under an “umbrella” policy or policies covering other liabilities of Tenant, as applicable; provided that, such blanket or umbrella policy or policies otherwise comply with the provisions of this Section 9.1. (f) Tenant shall not carry separate insurance concurrent in form or contributing in the event of a casualty with that required in this Section 9.1 unless: (i) Landlord and Lender are included therein as named insureds, with loss payable as provided herein; and (ii) such separate insurance complies with the other provisions of this Section 9.1. Tenant shall carry immediately notify Landlord of such separate insurance and maintain during shall deliver to Landlord the entire Term original policies or certified copies thereof. (including g) The proceeds of any option periodsinsurance required under Section 9.1(a) above shall be payable as follows: (i) proceeds payable under subsections (iii), (iv) and (v) of Section 9.1(a) and proceeds attributable to the general liability coverage under subsection (vi) of Section 9.1(a) shall be payable to the person entitled to receive such proceeds as set forth under the policy terms and conditions; and (ii) proceeds attributable to Builder’s Risk insurance (other than its general liability coverage provisions) and proceeds of insurance required under subsection (vi) of Section 9.1(a) shall be payable to Landlord or the mortgagee under any Fee Mortgage and applied as set forth in Section 12 hereof. Such proceeds shall be immediately delivered to Landlord or the mortgagee under any Fee Mortgage, as applicable, if applicable), at paid to Tenant’s sole cost and expense, increased amounts . (h) Tenant shall furnish Landlord with an appropriate certificate of the effectiveness and coverage of all polices of insurance required to hereunder. In the event that Landlord shall at any time not be carried by Tenant pursuant to this Article 14 in possession of a certificate confirming the then current effectiveness of such insurance, Landlord may obtain such insurance and the premiums on such other reasonable types of insurance coverage and in such reasonable amounts covering the Premises and Tenant’s operations therein, as may shall be reasonably required by Landlorddeemed Additional Rent payable on demand.

Appears in 1 contract

Samples: Lease Agreement (Griffin Capital Net Lease REIT, Inc.)

Tenant’s Insurance. Tenant shall, at Tenant's expense, shall at all times maintain during the Term term of this LeaseLease (and, and at its own cost and expenseif Tenant occupies or conducts activities in or about the Premises prior to or after the term hereof, procure and continue in force the following insurance coverage: then also during such pre-term or post-term period): (i) Commercial General Liability Insurance, written on an occurrence basiscommercial general liability insurance including contractual liability coverage, with a minimum coverages of $1,000,000 per occurrence combined single limit for bodily injury and property damages of damage, $1,000,000 for products-completed operations coverage, $100,000 fire legal liability, $1,000,000 for personal and advertising injury (which coverage shall not less than Two Million Dollars (be subject to the contractual liability exclusion), with a $2,000,000) per occurrence 2,000,000 general aggregate limit, for injuries to, or illness or death of, persons and Three Million Dollars ($3,000,000) damage to property occurring in or about the Premises or otherwise resulting from Tenant's operations in the annual aggregateBuilding, including products liability coverage if applicable, owners and contractors protective coverage, blanket contractual coverage including both oral and written contracts, and personal injury coverage, covering the insuring provisions of this Lease and the performance of Tenant of the indemnity and exemption of Landlord from liability agreements set forth in Article 13 hereof; (ii) a policy property insurance protecting Tenant against loss or damage by fire and such other risks as are insurable under then-available standard forms of standard fire, extended coverage "all risk" insurance policies (excluding earthquake and special extended coverage insurance (all risksflood but including water damage), including a vandalism covering Tenant's personal property and malicious mischief endorsementtrade fixtures in or about the Premises or the Real Property, sprinkler leakage coverage and earthquake sprinkler leakage where sprinklers are provided any improvements and/or Alterations in an amount equal to the Premises, for the full replacement value new thereof without deduction for depreciation depreciation, except that Tenant shall not be required to insure any of all (A) Tenant Improvements, Alterations, fixtures and other improvements the Initial Alterations or subsequent Alterations in the Premises, including but not limited to all mechanical, plumbing, heating, ventilating, air conditioning, electrical, telecommunication Premises which are normal and other equipment, systems and facilities, and (B) trade fixtures, furniture, equipment and other personal property installed by or at the expense of Tenantcustomary general office improvements; (iii) Worker’s Compensation workers' compensation insurance in statutory limits; (iv) at least three months' coverage as required by lawfor loss of business income and continuing expenses, providing protection against any peril included within the classification "all risk," excluding earthquake and flood but including water damage; and (ivv) business interruptionif Tenant operates owned, loss leased or non-owned vehicles on the Real Property, comprehensive automobile liability insurance with a minimum coverage of income and extra expense insurance covering any failure or interruption of Tenant’s business equipment $1,000,000 per occurrence, combined single limit. The policies described above in clauses (including, without limitation, telecommunications equipmenti) and covering (v) shall protect Tenant, as named insured, and Landlord and all the other perilsIndemnitees and any other parties designated by Landlord, failures or interruptions sufficient to cover a period of interruption of not less than twelve (12) months. Tenant as additional insureds; shall carry and maintain during the entire Term (including any option periods, if applicable), at Tenant’s sole cost and expense, increased amounts of the insurance required to be carried by Tenant pursuant to this Article 14 insure Landlord's and such other parties' contingent liability with regard to acts or omissions of Tenant; and shall specifically include all liability assumed by Tenant under this Lease (provided, however, that such contractual liability coverage shall not limit or be deemed to satisfy Tenant's indemnity obligations under this Lease). The policies described in clause (ii) above shall protect Tenant, as named insured, and Landlord and all the other Indemnitees and any other parties designated by Landlord, as additional insureds and as loss payees, as their respective interests may appear. If any of the policies described above in this Paragraph 15.a. are subject to deductibles, the deductible amounts (including by way of a self-insured retention) shall not be in excess of those approved in advance in writing by Landlord in its reasonable types discretion. Landlord reserves the right to increase the foregoing amount of insurance liability coverage from time to time as Landlord reasonably determines is required to adequately protect Landlord and the other parties designated by Landlord from the matters insured thereby (provided, however, that Landlord makes no representation that the limits of liability required hereunder from time to time shall be adequate to protect Tenant), and to require that Tenant cause any of its contractors, vendors, movers or other parties conducting activities in such reasonable amounts covering or about or occupying the Premises to obtain and Tenant’s operations therein, maintain insurance as may reasonably determined by Landlord and as to which Landlord and such other parties reasonably designated by Landlord shall be reasonably required by Landlordadditional insureds.

Appears in 1 contract

Samples: Office Lease (Critical Path Inc)

Tenant’s Insurance. Tenant, shall at all times during the Term of this Lease, and at its own cost and expense, procure and continue in force the following insurance coverage: (i) Commercial General Liability Insurance, written on an occurrence basis, with a combined single limit for bodily injury and property damages of not less than Two Million Dollars ($2,000,000) per occurrence and Three Million Dollars ($3,000,000) in the annual aggregate, including products liability coverage if applicable, owners and contractors protective coverage, blanket contractual coverage including both oral and written contracts, and personal injury coverage, covering the insuring provisions of this Lease and the performance of Tenant of the indemnity and exemption of Landlord from liability agreements set forth in Article Section 13 hereof; (ii) a policy of standard fire, extended coverage and special extended coverage insurance (all risks), including a vandalism and malicious mischief endorsement, sprinkler leakage coverage and earthquake sprinkler leakage where sprinklers are provided in an amount equal to the full replacement value new without deduction for depreciation of all (A) Tenant Improvements, Alterations, fixtures and other improvements in the Premises, including but not limited to all mechanical, plumbing, heating, ventilating, air conditioning, electrical, telecommunication and other equipment, systems and facilities, and (B) trade fixtures, furniture, equipment and other personal property installed by or at the expense of Tenant; (iii) Worker’s 's Compensation coverage as required by law; and (iv) business interruption, loss of income and extra expense insurance covering any failure or interruption of Tenant’s 's business equipment (including, without limitation, telecommunications equipment) and covering all other perils, failures or interruptions sufficient to cover a period of interruption of not less than twelve (12) months. Tenant shall carry and maintain during the entire Term (including any option periods, if applicable), at Tenant’s 's sole cost and expense, increased amounts of the insurance required to be carried by Tenant pursuant to this Article Section 14 and such other reasonable types of insurance coverage and in such reasonable amounts covering the Premises and Tenant’s 's operations therein, as may be reasonably required by Landlord.

Appears in 1 contract

Samples: Office Lease (Ecotality, Inc.)

Tenant’s Insurance. Tenant(a) The Tenant shall, shall at all times during its expense, obtain and maintain in force throughout the Term and any Extension Term and any period when it is in possession of this Leasethe Premises, in the name of the Tenant with the Landlord and at its own cost the Mortgagee (if any) as additional named insureds on all property insurance policies, save that the insurance policies referred to in sections 12.2(a)(i) and expense(ii) below shall name the Landlord as the insured with the Mortgagee (if any), procure and continue in force as additional named insured the following insurance coverage: insurance: (i) Commercial General Liability Insuranceinsurance on the Building and the heating, written on an occurrence basis, with a combined single limit for bodily injury ventilating and property damages of not less than Two Million Dollars ($2,000,000) per occurrence and Three Million Dollars ($3,000,000) in the annual aggregate, including products liability coverage if applicable, owners and contractors protective coverage, blanket contractual coverage including both oral and written contractsair conditioning, and personal injury coverageother building equipment, covering machinery and systems, and boilers contained therein whether owned by the insuring provisions of this Lease and Landlord or the performance of Tenant of the indemnity and exemption of Landlord from liability agreements set forth in Article 13 hereof; (ii) a policy of against those risks covered by standard fire, extended coverage and special extended coverage insurance (all risks), ” (including a vandalism flood and malicious mischief endorsement, sprinkler leakage coverage and earthquake sprinkler leakage where sprinklers are provided earthquake) property policies in an amount equal to the full replacement value new without deduction thereof with such reasonable deductibles as would be carried by a prudent owner of a reasonably similar industrial building, having regard to size, age and location; (ii) broad form boiler and machinery insurance on a blanket repair and replacement basis with limits for depreciation each accident in an amount of at least the replacement cost of the Premises and of all boilers, pressure vessels, air-conditioning equipment and miscellaneous electrical apparatus relating to or serving the Premises; (Aiii) Tenant Improvementspublic liability insurance written on a comprehensive basis with coverage against third party claims for bodily injury, Alterationsincluding death, fixtures in such amounts as are normally carried by prudent tenants of similar premises from time to time, but in no event less than five million dollars ($5,000,000.00) per occurrence; (iv) standard owners form vehicle insurance providing third-party liability insurance with not less than three million dollars ($3,000,000.00) inclusive limits, and accident benefits insurance, covering all licensed vehicles owned or operated by or on behalf of the Tenant; (v) business interruption insurance covering the Annual Base Rent, the Additional Rent and all other improvements costs and expenses in connection with the Premises, including but not limited to all mechanical, plumbing, heating, ventilating, air conditioning, electrical, telecommunication and other equipment, systems and facilities, and (B) trade fixtures, furniture, equipment and other personal property installed by or at the expense of Tenant; (iii) Worker’s Compensation coverage as required by law; and (iv) business interruption, loss of income and extra expense insurance covering any failure or interruption of Tenant’s business equipment (including, without limitation, telecommunications equipment) and covering all other perils, failures or interruptions sufficient to cover for a period of interruption of not less than twelve (12) monthsmonth period; and (vi) such other forms of insurance and increases of the amount of coverage stipulated in the foregoing sections against such risks and in such amounts as may be customarily obtained by tenants of premises similar to the Premises and any other forms of reasonable and customary insurance as the Landlord and/or a Mortgagee, reasonably requires from time to time, in forms and amounts and for risks against which a prudent tenant would insure with a use similar to that of the Tenant. (b) All insurance policies provided for in this section 12.2 shall: (i) be taken out with insurers licenced to carry on the business of insurance in the Province in which the Premises are located; (ii) be non-contributing with and apply only as primary and not excess to any other insurance available to either or both of the Landlord and the Mortgagee; (iii) not be invalidated as respects the interests of all and any of the Landlord and the Mortgagee by reason of a breach or violation of warranties, representations declarations or conditions contained in the policies; and (iv) contain an undertaking by the insurers to notify the Landlord and its Mortgagee in writing not less than thirty (30) days before any material change, cancellation, or termination. The Tenant shall carry may satisfy the foregoing insurance requirements by carrying blanket insurance policies and maintain during the entire Term through one or more insurance policies. (including any option periods, if applicable), at Tenant’s sole cost and expense, increased amounts c) The proceeds of the insurance under Sections 12.2(a)(i) and 12.2(a)(ii) above shall be and are hereby assigned and made payable to the Landlord. (d) If the Tenant shall fail to take out, renew and keep in force such insurance the Landlord may do so as the agent of the Tenant and the Tenant shall repay to the Landlord any amounts paid by the Landlord as premiums forthwith upon demand. (e) The Tenant shall furnish to the Landlord certificates or other evidence acceptable to the Landlord as to the insurance from time to time required to be carried effected by the Tenant pursuant to this Article 14 Lease and such other reasonable types its renewal or continuation in force. No review or approval of any insurance coverage and in such reasonable amounts covering certificate or insurance policy by the Premises and TenantLandlord derogates from or diminishes the Landlord’s operations therein, as may be reasonably required by Landlordrights under this Lease.

Appears in 1 contract

Samples: Industrial Lease (Bway Corp)

Tenant’s Insurance. Tenant, shall at At all times during the Term of this Leaseand any renewal thereof, and the Tenant at its own cost and expense, procure shall take out and continue keep in full force and effect: (1) All risks (including flood and earthquake) property insurance in an amount equal to one hundred (100%) percent of the following full replacement cost, insuring: (a) the Demised Premises (including all buildings on the premises); the Landlord is to be included as an additional named insured and/or joint loss payee; (b) contingent liability from the enforcement of building by-laws including the demolition and replacement of undamaged portions of the buildings or structures and increased costs of construction; (c) all property owned by Tenant or for which Tenant is legally liable or installed by or on behalf of Tenant, or located on the Demised Premises including, without limitation, subleasehold improvements, chattels, furniture, stock, office equipment, equipment, fixtures, contents, boiler or mechanical or electrical equipment, if applicable and such policy will include a Waiver of Subrogation in favour of the Landlord; and (d) extra expense insurance coverage: in such amounts as will reimburse the Tenant for extra expense incurred arising out of prevention of access to the Demised Premises and/or business interruption insurance covering any rental obligation to the Landlord. (i2) Coverage for the repair and replacement of boilers, pressure vessels, air-conditioning equipment and miscellaneous electrical apparatus on a broad form blanket coverage basis including Business Interruption insurance. The Property and Boiler and Machinery policies shall contain provisions for settling joint loss disputes. (3) Commercial General Liability Insurancegeneral liability insurance, written which includes products liability (if applicable), personal injury, employer's/and contingent employer's liability, blanket contractual liability, non- owned automobile liability, Owners and Contractors Protective liability, tenant discrimination, wrongful eviction, occurrence property damage, and provisions for cross liability and severability of interests with limits of not less than Ten Million Dollars ($10,000,000.00) per occurrence. The Landlord is to be included as an additional insured. (4) During any period of construction, the tenant will take out, or cause to be taken out wrap- up commercial general liability insurance in appropriate amounts applicable to the works. The Landlord shall be added as an additional insured on an occurrence basis, the wrap-up or any hired contractor's policy of insurance.. (5) Standard owner's automobile liability insurance with a combined single limit for bodily injury and property damages limits of not less than Two Million Dollars ($2,000,000) per occurrence and Three Million Dollars ($3,000,0002,000,000.00) in the annual aggregate, including products liability coverage if applicable, owners and contractors protective coverage, blanket contractual coverage including both oral and written contracts, and personal injury coverage, covering the insuring provisions respect of this Lease and the performance of Tenant of the indemnity and exemption of Landlord from liability agreements set forth in Article 13 hereofany one accident; and (ii6) a policy of standard fire, extended coverage and special extended coverage insurance (all risks), including a vandalism and malicious mischief endorsement, sprinkler leakage coverage and earthquake sprinkler leakage where sprinklers are provided in an amount equal to the full replacement value new without deduction for depreciation of all (A) Tenant Improvements, Alterations, fixtures and other improvements in the Premises, including but not limited to all mechanical, plumbing, heating, ventilating, air conditioning, electrical, telecommunication and other equipment, systems and facilities, and (B) trade fixtures, furniture, equipment and other personal property installed by or at the expense of Tenant; (iii) Worker’s Compensation coverage as required by law; and (iv) business interruption, loss of income and extra expense insurance covering any failure or interruption of Tenant’s business equipment (including, without limitation, telecommunications equipment) and covering all other perils, failures or interruptions sufficient to cover a period of interruption of not less than twelve (12) months. Tenant shall carry and maintain during the entire Term (including any option periods, if applicable), at Tenant’s sole cost and expense, increased amounts of the insurance required to be carried by Tenant pursuant to this Article 14 and Any such other reasonable types forms of insurance coverage and in such reasonable amounts covering as the Premises and Tenant’s operations thereinLandlord acting reasonably, as may be reasonably required by Landlordrequire from time to time.

Appears in 1 contract

Samples: Sublease Agreement

Tenant’s Insurance. Tenant, shall at all times during the Term of this Lease, and at its own cost and expense, procure and continue in force the following insurance coverage: (i) Commercial General Liability Insurance, written on an occurrence basis, with a combined single limit for bodily injury and property damages of not less than Two Million Dollars ($2,000,000) […***…] per occurrence and Three Million Dollars ($3,000,000) […***…] in the annual aggregate, including products liability coverage if applicable, owners and contractors protective coverage, blanket contractual coverage including both oral and written contracts, and personal injury coverage, covering the insuring provisions of this Lease and the performance of Tenant of the indemnity and exemption of Landlord from liability agreements set forth in Article 13 hereof; (ii) a policy of standard fire, extended coverage and special extended coverage insurance (all risks), including a vandalism and malicious mischief endorsement, sprinkler leakage coverage and earthquake sprinkler leakage where sprinklers are provided in an amount equal to the full replacement value new without deduction for depreciation of all (A) Tenant Improvements, Alterations, fixtures and other improvements in the Premises, including but not limited to all mechanical, plumbing, heating, ventilating, air conditioning, electrical, telecommunication and other equipment, systems and facilities, and (B) trade fixtures, furniture, equipment and other personal property installed by or at the expense of Tenant; (iii) Worker’s Compensation coverage as required by law; and (iv) business interruption, loss of income and extra expense insurance covering any failure or interruption of Tenant’s business equipment (including, without limitation, telecommunications equipment) and covering all other perils, failures or interruptions sufficient to cover a period of interruption of not less than twelve (12) months. Tenant shall carry and maintain during the entire Term (including any option periods, if applicable), at Tenant’s sole cost and expense, increased amounts of the insurance required to be carried by Tenant pursuant to this Article 14 and such other reasonable types of insurance coverage and in such reasonable amounts covering the Premises and Tenant’s operations therein, as may be reasonably required by Landlord.

Appears in 1 contract

Samples: Standard Office Lease (Horizon Pharma, Inc.)

Tenant’s Insurance. Tenant, Tenant shall at all times during the Term of this Lease, and at its own cost and expense, procure and continue in force maintain the following insurance coverage: coverages in the following amounts: (ia) Commercial General Liability Insurance, written Insurance payable on an occurrence basis“occurrence” rather than a “claims made” basis covering the insured against claims of bodily injury, with a combined single limit for bodily personal injury and property damages damage (including loss of not less than Two Million Dollars use thereof) arising out of Tenant’s operations, and contractual liabilities ($2,000,000covering the performance by Tenant of its indemnity agreements) per occurrence and Three Million Dollars containing coverage at least as broad as that provided under the then most current Insurance Services Office ($3,000,000ISO) in commercial general liability insurance form which provides the annual aggregatebroadest coverage, including products liability coverage if applicable, owners and contractors protective coverage, blanket contractual coverage including both oral and written contracts, and personal injury coverage, a Broad Form endorsement covering the insuring provisions of this Lease and the performance of by Tenant of the indemnity and exemption of Landlord from liability agreements set forth in Article 13 hereof; Section 10.1 of this Lease, for limits of liability not less than: (b) Physical Damage Insurance covering (i) all office furniture, business and trade fixtures, office equipment, free-standing cabinet work, movable partitions, merchandise and all other items of Tenant’s property on the Premises installed by, for, or at the expense of Tenant, (ii) a policy the leasehold improvements in and to the Premises (including, without limitation, all Alterations), and any other improvements which exist in the Premises as of standard firethe Commencement Date (excluding the Base Building) (the “Original Improvements”), extended coverage and special extended coverage (iii) all other improvements, alterations and additions to the Premises. Such insurance (shall be written on an “all risks)” of physical loss or damage basis, including a vandalism and malicious mischief endorsement, sprinkler leakage coverage and earthquake sprinkler leakage where sprinklers are provided in an amount equal to for the full replacement cost value (subject to reasonable deductible amounts) new without deduction for depreciation of all (A) Tenant Improvementsthe covered items and in amounts that meet any co-insurance clauses of the policies of insurance and shall include coverage for damage or other loss caused by fire or other peril including, Alterations, fixtures and other improvements in the Premises, including but not limited to, vandalism and malicious mischief, terrorism, earthquake sprinkler leakage, theft, water damage of any type, including sprinkler leakage, bursting or stoppage of pipes, and explosion, and providing business interruption coverage sufficient to pay Base Rent and Tenant’s Share of Direct Expenses for a period of one year, and having a deductible amount, if any, not in excess of $25,000. (c) Employer’s Liability or other similar insurance pursuant to all mechanical, plumbing, heating, ventilating, air conditioning, electrical, telecommunication applicable state and other equipment, systems local statutes and facilities, and regulations with limits of no less than $1,000,000.00. (B) trade fixtures, furniture, equipment and other personal property installed by or at the expense of Tenant; (iiid) Worker’s Compensation coverage as required by lawthe Laws of the State where the Building is located with the following minimum limits of liability: Coverage A — statutory benefits; Coverage B — $1,000,000 per accident and disease. (ive) business interruptionComprehensive Automobile Liability insuring bodily injury and property damage arising from all owned, loss non-owned and hired vehicles, if any, with minimum limits of income and extra expense insurance covering any failure or interruption liability of Tenant’s business equipment $1,000,000 per accident. (including, without limitation, telecommunications equipmentf) and covering all other perils, failures or interruptions sufficient to cover a period of interruption of not less than twelve (12) months. Tenant shall carry and maintain during the entire Term (including any option periods, if applicable)Lease Term, at Tenant’s sole cost and expense, increased amounts of the insurance required to be carried by Tenant pursuant to this Article 14 10 and such other reasonable types of insurance coverage and in such reasonable amounts covering the Premises and Tenant’s operations therein, as may be reasonably required requested by Landlord.

Appears in 1 contract

Samples: Office Lease (Midwest Banc Holdings Inc)

Tenant’s Insurance. Tenant, shall at all times during the Term of this Lease, and at its own cost and expense, procure and continue in force the following insurance coverage: (i) Commercial General Liability Insurance, written on an occurrence basis, with a combined single limit for bodily injury and property damages of not less than Two Million Dollars ($2,000,0002,000,000.00) per occurrence and Three Million Dollars ($3,000,0003,000,000.00) in the annual aggregate, including products liability coverage if applicable, owners and contractors protective coverage, blanket contractual coverage including both oral and written contracts, and personal injury coverage, covering the insuring provisions of this Lease and the performance of Tenant of the indemnity and exemption of Landlord from liability agreements set forth in Article 13 hereof; (ii) a policy of standard fire, extended coverage and special extended coverage insurance (all risks), including a vandalism and malicious mischief endorsement, sprinkler leakage coverage and earthquake sprinkler leakage where sprinklers are provided in an amount equal to the full replacement value new without deduction for depreciation of all (A) Tenant Improvements, Alterations, fixtures and other improvements in the Premises, including but not limited to all mechanical, plumbing, heating, ventilating, air conditioning, electrical, telecommunication and other equipment, systems and facilities, and (B) trade fixtures, furniture, equipment and other personal property installed by or at the expense of Tenant; (iii) Worker’s Compensation coverage as required by law; and (iv) business interruption, loss of income and extra expense insurance covering any failure or interruption of Tenant’s business equipment (including, without limitation, telecommunications equipment) and covering all other perils, failures or interruptions sufficient to cover a period of interruption of not less than twelve (12) months. Tenant shall carry and maintain during the entire Term (including any option periods, if applicable), at Tenant’s sole cost and expense, increased amounts of the insurance required to be carried by Tenant pursuant to this Article 14 and such other reasonable types of insurance coverage and in such reasonable amounts covering the Premises and Tenant’s operations therein, as may be reasonably required by Landlord.

Appears in 1 contract

Samples: Office Lease (Wowio, Inc.)

Tenant’s Insurance. Tenant, Tenant shall at all times carry insurance during the entire Term of this Leasehereof with terms, coverages and at its own cost companies satisfactory to Landlord and expensewith such increases in limits as Landlord may request from time to time, procure and continue in force but initially Tenant shall maintain the following insurance coverage: coverages in the following amounts: (ia) Commercial General Liability Insurancegeneral liability insurance, written including contractual liability, on an occurrence basis, with a combined single limit for bodily injury and property damages of in an amount not less than Two Million Dollars ($2,000,000) per occurrence and Three Million Dollars ($3,000,0003,000,000.00) in the annual aggregate, including products liability coverage if applicable, owners and contractors protective coverage, blanket contractual coverage including both oral and written contracts, and personal injury coverageper occurrence, covering the insuring provisions of this Lease Tenant as a named insured and Landlord and the performance managing agent for the Building and the respective officers, directors, shareholders, partners, agents and employees of Tenant each of the indemnity and exemption of Landlord from liability agreements set forth in Article 13 hereof; foregoing as additional insureds. (iib) a policy of standard Insurance against fire, extended coverage and special extended coverage insurance (all risks), including a vandalism and malicious mischief endorsement, sprinkler leakage and vandalism, and the extended coverage and earthquake sprinkler leakage where sprinklers are provided in an amount equal to perils for the full replacement value new without deduction for depreciation cost of all (A) Tenant Improvementsnon affixed additions, Alterationsimprovements and alterations to the Premises owned or made by Tenant, fixtures if any, and of all office furniture, trade fixtures, office equipment, merchandise and all other improvements in items of Tenant's property on the Premises, including but not limited with loss or damage payable to all mechanical, plumbing, heating, ventilating, air conditioning, electrical, telecommunication Landlord and other equipment, systems and facilities, and Tenant as their interests may appear. (Bc) trade fixtures, furniture, equipment and other personal property installed by or at Workers' Compensation with statutory limits as they apply to the expense State of Tenant; (iii) Worker’s Compensation coverage as required by law; and (iv) business interruption, loss of income and extra expense insurance covering any failure or interruption of Tenant’s business equipment (including, without limitation, telecommunications equipment) and covering all other perils, failures or interruptions sufficient to cover a period of interruption Illinois with Employer's Liability limits of not less than twelve $500,000 each employee, $500,000 policy Limit and $500,000 each employee by disease. (12d) months. Tenant shall carry Commercial Automobile coverage of not less than $1,000,000 covering all hired, non-owned, leased and maintain during the entire Term owned automobiles. (e) Improvements and Betterments Insurance against "all risks" (including any option periodssprinkler leakage, if applicable)) for the full replacement cost of all additions, at improvements, and alterations to the Premises, including, but not limited to, the Tenant Improvements, and all other items of Tenant’s sole cost and expense, increased amounts of 's property in the insurance required to be carried by Tenant pursuant to this Article 14 and such other reasonable types of insurance coverage and in such reasonable amounts covering the Premises and Tenant’s operations therein, as may be reasonably required by LandlordPremises.

Appears in 1 contract

Samples: Office Lease (Picis Inc)

Tenant’s Insurance. Tenant, shall at At all times during after the Term execution of this Lease, Tenant will carry and maintain, at its own cost and expenseexpense with insurance companies reasonably acceptable to Landlord that are rated no less than A-, procure and continue in force the following insurance coverageClass VI, by A.M. Best Company: (i) Commercial General Liability Insurancea commercial general liability insurance policy, written on an occurrence basisincluding insurance against assumed or contractual liability under this Lease, for liability arising out of the ownership, use, occupancy or maintenance of the Premises and all areas appurtenant thereto, including any portion of the Common Areas used by Tenant, to afford protection with a combined single limit for respect to bodily injury and injury, death or property damages damage (including loss of use) of not less than One Million Dollars ($1,000,000) each occurrence/Two Million Dollars ($2,000,000) per occurrence aggregate; (ii) an all-risks property and Three casualty insurance (special form building and personal property coverage) policy, including theft coverage, written at replacement cost value with replacement cost endorsements, covering all of the Tenant’s property: (iii) a worker’s compensation insurance policy with applicable statutory’ limits, (iv) automobile liability insurance with single limit coverage of at least $1,000,000 for all owned, leased/hired or non-owned vehicles, (v) an excess/umbrella liability policy “following form” of not less than Four Million Dollars ($3,000,000) in the annual aggregate, including products liability coverage if applicable, owners and contractors protective coverage, blanket contractual coverage including both oral and written contracts, and personal injury coverage, covering the insuring provisions of this Lease and the performance of Tenant of the indemnity and exemption of Landlord from liability agreements set forth in Article 13 hereof; (ii) a policy of standard fire, extended coverage and special extended coverage insurance (all risks4,000,000), including a vandalism and malicious mischief endorsement, sprinkler leakage coverage and earthquake sprinkler leakage where sprinklers “drop down” feature in case the limits of the primary policy are provided in an amount equal to the full replacement value new without deduction for depreciation of all (A) Tenant Improvements, Alterations, fixtures and other improvements in the Premises, including but not limited to all mechanical, plumbing, heating, ventilating, air conditioning, electrical, telecommunication and other equipment, systems and facilitiesexhausted, and (Bvi) trade fixtures, furniture, equipment and other personal property installed by if Tenant will serve or sell alcohol at the expense Project, a liquor liability insurance policy with minimum coverage of Tenant; One Million Dollars (iii) Worker’s Compensation coverage $1,000,000). Landlord may also require all Outside Contractors to provide in addition to the insurance coverages referenced above such other insurance in amounts and types and with such companies as required may be reasonably requested by law; and (iv) business interruptionLandlord, loss of income and extra expense insurance covering any failure or interruption of Tenant’s business equipment (including, without limitation, telecommunications equipment) and covering construction all other perils, failures or interruptions sufficient to cover a period of interruption of not less than twelve (12) months. Tenant shall carry and maintain during the entire Term risk/builder’s risks (including any option periodsloss of revenue) insurance, if applicable)professional errors and omissions liability insurance, at Tenantand insurance covering such contractor’s sole cost equipment and expense, increased amounts of the tools. Each insurance policy required to be carried maintained hereunder by Tenant pursuant to this Article 14 shall include an “Additional Insured Endorsement” in favor of Parkway Properties, Inc., its subsidiaries and such other reasonable types of insurance coverage and in such reasonable amounts covering the Premises and Tenant’s operations thereinaffiliated companies, as well as the employees, officers, directors and agents of such companies and any other designees of Landlord and shall be primary. An XXXXX 25 certificate of such insurance in a form reasonably satisfactory to Landlord, or certified copies of the policies, shall be furnished to Landlord on or before the earlier of the Commencement Date or ten (10) days after execution of the Lease, reflecting the limits and endorsements required herein, and renewal XXXXX 25 certificates or certified copies of renewal policies shall be delivered to Landlord at least ten (10) days prior to the expiration date of any policy. Each policy shall require notice of nonrenewal to Landlord and shall further provide that it may not be altered or canceled without thirty (30) days prior notice to Landlord. Landlord agrees to cooperate with Tenant to the extent reasonably requested by Tenant to enable Tenant to obtain such insurance. Landlord shall have the right to require increased limits if, in Landlord’s reasonable judgment, such increase is necessary, provided, however, in no event shall Landlord increase the required coverage more frequently than every two (2) calendar years during the Term or to an amount in excess of that which is being required by Landlordowners of comparable office buildings located in the Virginia Beach, VA metropolitan area.

Appears in 1 contract

Samples: Lease Agreement (ADS Tactical, Inc.)

Tenant’s Insurance. TenantDuring the period from the Delivery Date to the Commencement Date and then throughout the Term, shall at all times during the Term of this Lease, Tenant will provide and at its own cost and expense, procure and continue keep in force the following insurance: (a) bodily injury and property damage liability insurance coverage: relating to Tenant's business (icarried on, in or from the Premises) Commercial General Liability Insurance, written on an occurrence basisand Tenant's use and occupancy, with a combined single occurrence limit for bodily injury and property damages of not less than Two Million Dollars ($2,000,000) per occurrence and Three Million Dollars ($3,000,000) in the annual aggregate, including products 5,000,000.00; such insurance will be on a commercial general liability coverage if applicable, owners and contractors protective coverage, blanket contractual coverage including both oral and written contracts, and personal injury coverage, covering the insuring provisions of this Lease and the performance of Tenant of the indemnity and exemption of Landlord from liability agreements set forth in Article 13 hereof; (ii) a policy of standard fire, extended coverage and special extended coverage insurance (all risks), including a vandalism and malicious mischief endorsement, sprinkler leakage coverage and earthquake sprinkler leakage where sprinklers are provided in an amount equal to the full replacement value new without deduction for depreciation of all (A) Tenant Improvements, Alterations, fixtures and other improvements in the Premises, including but not limited to all mechanical, plumbing, heating, ventilating, air conditioning, electrical, telecommunication and other equipment, systems and facilities, and (B) trade fixtures, furniture, equipment and other personal property installed by or at the expense of Tenant; (iii) Worker’s Compensation coverage as required by law; and (iv) business interruption, loss of income and extra expense insurance covering any failure or interruption of Tenant’s business equipment (form including, without limitation, telecommunications equipmentpersonal injury and assumed contractual liability for the performance by Tenant of the indemnity agreements set forth in Section 8.6; Landlord and its mortgagee will be named as an additional insureds in the policy providing such liability insurance, which will include cross liability and severability of interests clauses or endorsements; unless otherwise approved in writing by Landlord, such policy will have a deductible of $5,000.00 or less and will not have a retention or self- insurance provision; (b) all risk or equivalent property insurance (including fire and covering all other standard extended coverage perils, failures leakage from fire protective devices and other water damage) covering loss or interruptions damage to any alterations made to the Premises by Tenant, Tenant's fixtures, furnishings, equipment, inventory, personal property, documents, files and work products in the Premises on a full replacement cost basis in amounts sufficient to cover prevent Tenant from becoming a period coinsurer and subject only to such deductibles and exclusions as Landlord may reasonably approve; (c) if any boiler or machinery is operated in the Premises, boiler and machinery insurance; (d) worker's compensation insurance insuring against and satisfying Tenant's obligations and liabilities under the worker's compensation laws of interruption the State of Colorado and employers' liability insurance in the limit of $100,000/500,000/100,000; and (e) if Tenant operates owned, hired or nonowned vehicles on the Premises, comprehensive automobile liability will be carried at a limit of liability not less than twelve (12) months$1,000,000.00 combined bodily injury and property damage. Tenant shall carry and maintain during the entire Term (including any option periods, if applicable), at Tenant’s sole cost and expense, increased amounts of the insurance required to be carried Insurance effected by Tenant pursuant to this Article 14 under Sections 82(b) and such other reasonable types (c) will permit the release of insurance coverage and in such reasonable amounts covering the Premises and Tenant’s operations therein, as may be reasonably required by LandlordLandlord from certain liability under Section 8.4.

Appears in 1 contract

Samples: Build to Suit Net Lease (Homegrocer Com Inc)

Tenant’s Insurance. Tenant, at its expense, shall at all times during purchase and maintain in effect throughout the Term Term, policies of this Leaseinsurance, for the benefit of Tenant and the Landlord Parties with terms, coverages, limits (including deductibles) and in companies satisfactory to Landlord (which companies shall be licensed to do business in the state where the Property is located and have an “A.M. Best’s” rating of “A-X” or higher; provided, however, that such rating shall be satisfied if Tenant’s insurance company carries reinsurance by endorsement from a company with an A+ or better rating), and at its own cost with such increases in limits and expensewith coverages as Landlord may from time to time reasonably request, procure and continue in force but initially Tenant shall maintain the following insurance coverage: coverages in the following amounts: (i) Commercial General Liability InsuranceInsurance on a primary and non-contributory basis (with broad form commercial general liability endorsement), written on an occurrence basisinsuring Tenant and naming the Landlord Parties and any other parties designated by Landlord from time to time as additional insureds, with covering, without limitation, any liability for bodily injury, personal injury, including death, and property damage arising out of Tenant’s operations, acts, omissions, assumed liabilities or use of the Premises, having a combined single limit for bodily injury and property damages of not less than at least Two Million Dollars ($2,000,000). (ii) per occurrence Property Insurance including, but not limited to, fire, sprinkler leakage, vandalism and Three all other risks of direct physical loss as insured against under special broad form coverage endorsement (y) in amounts which, together with the amounts of insurance coverage which Landlord is required to maintain pursuant to Section 11(a) above, would cover the full replacement cost of all additions, improvements and alterations to the Premises and providing that the Landlord Parties and any other parties designated by Landlord from time to time are loss payees or additional insureds as their interests may appear, and (z) covering all office furniture, trade fixtures, office equipment, machinery, movable partitions, wall and floor coverings, inventory, merchandise and all other items of Tenant’s property on the Premises (collectively, “Tenant’s Property”). Such insurance shall be written on an “all risks” of physical loss or damage basis, for the full replacement cost value of the covered items and in amounts that meet any coinsurance clause of the policies of insurance. In the event of a loss, the proceeds of such insurance shall be used for the repair or replacement of the property insured; except that if this Lease is terminated following a casualty, the proceeds applicable to the Property shall be paid to Landlord and the proceeds applicable to Tenant’s Property shall be paid to Tenant. (iii) “Worker’s Compensation Insurance covering all employees, agents and contractors of Tenant performing work in, on, or with respect to the Premises, in amounts not less than those required by Law. (iv) Employers liability insurance covering all employees, agents and contractors of Tenant performing work in, on or with respect to the Premises, in amounts not less than One Million Dollars ($3,000,0001,000,000) in the annual aggregatefor each accident and One Million Dollars ($1,000,000) for diseases of each employee, including products liability coverage if applicable, owners agent and contractors protective coverage, blanket contractual coverage including both oral contractor. (v) Extra expense and written contracts, and personal injury coverage, covering the insuring provisions of this Lease and the performance of Tenant of the indemnity and exemption of Landlord from liability agreements set forth in Article 13 hereof; (ii) a policy of standard fire, extended coverage and special extended coverage business interruption insurance (all risks), including a vandalism and malicious mischief endorsement, sprinkler leakage coverage and earthquake sprinkler leakage where sprinklers are provided in an amount equal to the full replacement value new without deduction for depreciation of all (A) Tenant Improvements, Alterations, fixtures and other improvements in the Premises, including but not limited to all mechanical, plumbing, heating, ventilating, air conditioning, electrical, telecommunication and other equipment, systems and facilities, and (B) trade fixtures, furniture, equipment and other personal property installed by or at the expense of Tenant; (iii) Worker’s Compensation coverage as required by law; and (iv) business interruption, loss of income and extra expense insurance covering any failure or interruption of Tenant’s business equipment (including, without limitation, telecommunications equipment) and covering all other perils, failures or interruptions sufficient to cover a period of interruption of with limits not less than twelve (12) monthsmonths of Base Rent and Tenant Reimbursement Amount, naming Landlord as loss payee, as its interest may appear. (vi) Automobile Insurance covering all owned, non-owned and hired automobiles with limits of liability of not less than One Million Dollars ($1,000,000) for bodily injury to any one person, and One Million Dollars ($1,000,000) for property damage for each accident. (vii) Umbrella or Excess Liability coverage in amounts not less than Three Million Dollars ($3,000,000). Tenant shall carry and maintain during the entire Term (including any option periods, if applicable), at concurrently with Tenant’s sole cost execution of this Lease and expensefrom time to time thereafter upon insurance renewals, increased amounts of the insurance required furnish to be carried by Tenant pursuant to this Article 14 and such other reasonable types Landlord certificates of insurance evidencing such coverage and in with renewal certificates no less than thirty (30) days prior to the expiration of such reasonable amounts covering the Premises policies, which certificates of insurance shall state that such insurance coverage may not be amended, changed or canceled without at least thirty (30) days’ prior written notice to Landlord and Tenant’s operations therein, as may be reasonably required by Landlord.

Appears in 1 contract

Samples: Industrial Lease Agreement (Ufp Technologies Inc)

Tenant’s Insurance. Tenant, shall at all times during the Term of this Lease, and at its own cost and expense, procure and continue in force the following insurance coverage: (i) Commercial General Liability Insurance, written on an occurrence basis, with a combined single limit for bodily injury and property damages of not less than Two Million Dollars ($2,000,000) per occurrence and Three Million Dollars ($3,000,000) in the annual aggregateaggregate (which may be satisfied, in part, by umbrella coverage), including products liability coverage if applicable, owners and contractors protective coverage, blanket contractual coverage including both oral and written contracts, and personal injury coverage, covering the insuring provisions of this Lease and the performance of Tenant of the indemnity and exemption of Landlord from liability agreements set forth in Article 13 hereofhereof (to the extent such indemnification obligations are covered under a standard Commercial General Liability policy); (ii) a policy of standard fire, extended coverage and special extended coverage insurance (all risks), including a vandalism and malicious mischief endorsement, and sprinkler leakage coverage and earthquake sprinkler leakage where sprinklers are provided in an amount equal to the full replacement value new without deduction for depreciation of all (A) Tenant Improvements, Alterations, fixtures and other improvements in the Premises, including but not limited to all mechanical, plumbing, heating, ventilating, air conditioning, electrical, telecommunication and other equipment, systems and facilities, and (B) trade fixtures, furniture, equipment and other personal property installed by or at the expense of Tenant; and (iii) Worker’s Compensation coverage as required by law; and (iv) business interruption, loss of income and extra expense insurance covering any failure or interruption of Tenant’s business equipment (including, without limitation, telecommunications equipment) and covering all other perils, failures or interruptions sufficient to cover a period of interruption of not less than twelve (12) months. Tenant shall carry and maintain during the entire Term (including any option periods, if applicable), at Tenant’s sole cost and expense, increased amounts of the insurance required to be carried by Tenant pursuant to this Article 14 and such other reasonable types of insurance coverage and in such reasonable amounts covering the Premises and Tenant’s operations therein, as may be reasonably required by Landlord.

Appears in 1 contract

Samples: Standard Office Lease (Coinstar Inc)

Tenant’s Insurance. Tenant(a) The Tenant shall, shall at all times during its expense, obtain and maintain in force throughout the Term and any Extension Term and any period when it is in possession of this Leasethe Premises, in the name of the Tenant with the Landlord and at its own cost the Mortgagee (if any) as additional named insureds on all property insurance policies, save that the insurance policies referred to in sections 12.2(a)(i) and expense(ii) below shall name the Landlord as the insured with the Mortgagee (if any), procure and continue in force as additional named insured the following insurance coverage: insurance: (i) Commercial General Liability Insuranceinsurance on the Building and the heating, written on an occurrence basis, with a combined single limit for bodily injury ventilating and property damages of not less than Two Million Dollars ($2,000,000) per occurrence and Three Million Dollars ($3,000,000) in the annual aggregate, including products liability coverage if applicable, owners and contractors protective coverage, blanket contractual coverage including both oral and written contractsair conditioning, and personal injury coverageother building equipment, covering machinery and systems, and boilers contained therein whether owned by the insuring provisions of this Lease and Landlord or the performance of Tenant of the indemnity and exemption of Landlord from liability agreements set forth in Article 13 hereof; (ii) a policy of against those risks covered by standard fire, extended coverage and special extended coverage insurance (all risks), ” (including a vandalism flood and malicious mischief endorsement, sprinkler leakage coverage and earthquake sprinkler leakage where sprinklers are provided earthquake) property policies in an amount equal to the full replacement value new without deduction thereof with such reasonable deductibles as would be carried by a prudent owner of a reasonably similar industrial building, having regard to size, age and location; (ii) broad form boiler and machinery insurance on a blanket repair and replacement basis with limits for depreciation each accident in an amount of at least the replacement cost of the Premises and of all boilers, pressure vessels, air-conditioning equipment and miscellaneous electrical apparatus relating to or serving the Premises; (Aiii) Tenant Improvementspublic liability insurance written on a comprehensive basis with coverage against third party claims for bodily injury, Alterationsincluding death, fixtures in such amounts as are normally carried by prudent tenants of similar premises from time to time, but in no event less than five million dollars ($5,000,000.00) per occurrence; (iv) standard owners form vehicle insurance providing third-party liability insurance with not less than three million dollars ($3,000,000.00) inclusive limits, and accident benefits insurance, covering all licensed vehicles owned or operated by or on behalf of the Tenant; (v) business interruption insurance covering the Annual Base Rent, the Additional Rent and all other improvements costs and expenses in connection with the Premises, including but not limited to all mechanical, plumbing, heating, ventilating, air conditioning, electrical, telecommunication and other equipment, systems and facilities, and (B) trade fixtures, furniture, equipment and other personal property installed by or at the expense of Tenant; (iii) Worker’s Compensation coverage as required by law; and (iv) business interruption, loss of income and extra expense insurance covering any failure or interruption of Tenant’s business equipment (including, without limitation, telecommunications equipment) and covering all other perils, failures or interruptions sufficient to cover for a period of interruption of not less than twelve (12) monthsmonth period; and (vi) such other forms of insurance and increases of the amount of coverage stipulated in the foregoing sections against such risks and in such amounts as may be customarily obtained by tenants of premises similar to the Premises and any other forms of reasonable and customary insurance as the Landlord and/or a Mortgagee, reasonably requires from time to time, in forms and amounts and for risks against which a prudent tenant would insure with a use similar to that of the Tenant. (b) All insurance policies provided for in this section 12.2 shall: (i) be taken out with insurers licensed to carry on the business of insurance in the Province in which the Premises are located; (ii) be non-contributing with and apply only as primary and not excess to any other insurance available to either or both of the Landlord and the Mortgagee; (iii) not be invalidated as respects the interests of all and any of the Landlord and the Mortgagee by reason of a breach or violation of warranties, representations declarations or conditions contained in the policies; and (iv) contain an undertaking by the insurers to notify the Landlord and its Mortgagee in writing not less than thirty (30) days before any material change, cancellation, or termination. The Tenant shall carry may satisfy the foregoing insurance requirements by carrying blanket insurance policies and maintain during the entire Term through one or more insurance policies. (including any option periods, if applicable), at Tenant’s sole cost and expense, increased amounts c) The proceeds of the insurance under Sections 12.2(a)(a)(i) and 12.2(a)(a)(ii) above shall be and are hereby assigned and made payable to the Landlord. (d) If the Tenant shall fail to take out, renew and keep in force such insurance the Landlord may do so as the agent of the Tenant and the Tenant shall repay to the Landlord any amounts paid by the Landlord as premiums forthwith upon demand. (e) The Tenant shall furnish to the Landlord certificates or other evidence acceptable to the Landlord as to the insurance from time to time required to be carried effected by the Tenant pursuant to this Article 14 Lease and such other reasonable types its renewal or continuation in force. No review or approval of any insurance coverage and in such reasonable amounts covering certificate or insurance policy by the Premises and TenantLandlord derogates from or diminishes the Landlord’s operations therein, as may be reasonably required by Landlordrights under this Lease.

Appears in 1 contract

Samples: Industrial Lease (Bway Corp)

Tenant’s Insurance. TenantTenant shall maintain insurance complying with all of the following: (a) Tenant shall procure, shall pay for and keep in full force and effect, at all times during the Term of this LeaseLease Term, and at its own cost and expense, procure and continue in force the following insurance coverage: following: (i) Commercial General Liability InsuranceComprehensive general liability insurance insuring Tenant against liability for personal injury, written on an occurrence basisbodily injury, death and damage to property occurring within the Leased Premises, or resulting from Tenant’s use or occupancy of the Leased Premises, the Building, the Outside Areas or the Property, or resulting from Tenant’s activities in or about the Leased Premises or the Property, with a combined single limit for bodily injury and property damages of not less than Two Million Dollars ($2,000,000) per occurrence and Three Million Dollars ($3,000,000) in the annual aggregate, including products liability coverage if applicable, owners and contractors protective coverage, blanket contractual coverage including both oral and written contracts, and personal injury coverage, covering the insuring provisions of this Lease and the performance of Tenant of the indemnity and exemption of Landlord from liability agreements set forth in Article 13 hereof; (ii) a policy of standard fire, extended coverage and special extended coverage insurance (all risks), including a vandalism and malicious mischief endorsement, sprinkler leakage coverage and earthquake sprinkler leakage where sprinklers are provided in an amount equal to $3,000,000.00 (“Tenant’s Required Liability Coverage”), which insurance shall contain a “broad form liability” endorsement insuring Tenant’s performance of Tenant’s obligations to indemnify Landlord as contained in this Lease. (ii) Fire and property damage insurance in so-called “fire and extended coverage” form insuring Tenant against loss from physical damage to Tenant’s personal property, inventory, trade fixtures and improvements within the Leased Premises constructed by or for Tenant other than the Improvement Work with coverage for the full actual replacement value new without deduction for depreciation of all (A) Tenant Improvements, Alterations, fixtures and other improvements in the Premises, including but not limited to all mechanical, plumbing, heating, ventilating, air conditioning, electrical, telecommunication and other equipment, systems and facilities, and (B) trade fixtures, furniture, equipment and other personal property installed by or at the expense of Tenant; cost thereof; (iii) Worker’s Compensation coverage as required by law; and Plate glass insurance, at actual replacement cost; (iv) business interruption, loss of income and extra expense insurance covering any failure or interruption of Tenant’s business equipment (including, without limitation, telecommunications equipment) and covering all other perils, failures or interruptions sufficient to cover a period of interruption of not less than twelve (12) months. Tenant shall carry and maintain during the entire Term (including any option periodsPressure vessel insurance, if applicable); (v) Workers’ compensation insurance and any other employee benefit insurance sufficient to comply with all laws; and (vi) With respect to making of alterations or the construction of improvements or the like undertaken by Tenant, at Tenantcontingent liability and builder’s sole cost risk insurance, in an amount and expense, increased amounts with coverage reasonably satisfactory to Landlord. (b) Each policy of the liability insurance required to be carried by Tenant pursuant to this Article 14 paragraph or actually carried by Tenant with respect to the Leased Premises or the Property; (i) shall, except with respect to insurance required by subparagraph (a)(vi) above, name Landlord and Wrightwood Capital LLC, ISAOA, and such others with an insurable interest as are designated by Landlord, as additional insureds; (ii) shall be primary insurance providing that the insurer shall be liable for the full amount of the loss, up to and including the total amount of liability set forth in the declaration of coverage, without the right of contribution from or prior payment by any other reasonable types insurance coverage of Landlord; (iii) shall be in a form satisfactory to Landlord; (iv) shall be carried with companies with Best’s ratings of at least A and XI (or equivalent rating from an alternative rating agency approved by Landlord if Best’s is no longer rating); (v) shall provide that insurance carrier will endeavor to notify Landlord within thirty (30) days’ prior written notice if such policy is subject to cancellation; and (vi) shall contain a so-called “severability” or “cross liability” endorsement. (c) Prior to the time Tenant or any of its contractors enters the Leased Premises, Tenant shall deliver to Landlord, with respect to each policy of insurance required to be carried by Tenant pursuant to this Article, a copy of such policy (appropriately authenticated by the insurer as having been issued, premium paid) or a certificate of the insurer certifying in form satisfactory to Landlord that a policy has been issued, premium paid, providing the coverage and in such reasonable amounts covering the Premises and Tenant’s operations therein, as may be reasonably required by this Paragraph and containing the provisions specified herein. With respect to each renewal or replacement of any such insurance, the requirements of this Paragraph must be complied with not less than five (5) business days prior to the expiration or cancellation of the policies being renewed or replaced. Landlord may, at any time and from time to time, inspect and/or copy any and all insurance policies required to be carried by Tenant pursuant to this Article. If Landlord’s Lender or any investor reasonably determines at any time that the amount of coverage set forth in Paragraph 9.1(a) for any policy of insurance Tenant is required to carry pursuant to this Article is not adequate, then Tenant shall increase the amount of coverage for such insurance to such greater amount as Landlord’s Lender or any investor reasonably deems adequate, provided, however, Tenant shall not be required to carry amounts in excess of those customarily required by landlords of comparable properties in the same geographic region as the Property.

Appears in 1 contract

Samples: Office Lease (PMC Sierra Inc)

Tenant’s Insurance. TenantTenant shall, shall at all times during the Term of this Lease, and at its own cost and expense, procure and continue in force the following insurance coverage: : (i) Commercial General Liability Insurance, written on an occurrence basis, Insurance with a combined single limit for bodily injury and property damages of not less than Two Million Dollars ($2,000,000) per occurrence and Three Million Dollars ($3,000,000) in the annual aggregate, including products liability coverage if applicable, owners and contractors protective coverage, blanket contractual coverage including both oral and written contracts, and personal injury coverage, covering the insuring provisions of this Lease and the performance of Tenant of the indemnity and exemption of Landlord from liability agreements set forth in Article 13 hereof; (ii) a policy of standard fire, extended coverage and special extended coverage insurance (all risks), including a vandalism and malicious mischief endorsement, sprinkler leakage coverage and earthquake sprinkler leakage where sprinklers are provided in an amount equal to the full replacement value new without deduction for depreciation of all (A) Tenant Improvements, Alterations, fixtures and other improvements in the Premises, including but not limited to all mechanical, plumbing, heating, ventilating, air conditioning, electrical, telecommunication and other equipment, systems and facilities, Premises and (B) trade fixtures, furniture, equipment and other personal property installed by or at the expense of Tenant; (iii) Worker’s 's Compensation coverage as required by law; and (iv) business interruption, loss of income and extra expense insurance covering any failure or interruption of Tenant’s business 's telecommunications equipment (including, without limitation, telecommunications equipment) and covering all other perils, failures or interruptions sufficient to cover a period of interruption of not less than twelve (12) monthsinterruptions. Tenant shall carry and maintain during the entire Lease Term (including any option periods, if applicable), at Tenant’s 's sole cost and expense, increased amounts of the insurance required to be carried by Tenant pursuant to this Article 14 and such other reasonable types of insurance coverage and in such reasonable amounts covering the Premises and Tenant’s 's operations therein, as may be reasonably required by Landlord.

Appears in 1 contract

Samples: Standard Office Lease (Peoples Liberation Inc)

Tenant’s Insurance. Tenant, shall at all times during the Term of this Lease, and at its own cost and expense, procure and continue in force the following insurance coverage: (i) -10- <PAGE> Commercial General Liability Insurance, written on an occurrence basis, Insurance with a combined single limit for bodily injury and property damages of not less than Two Million Dollars ($2,000,000) per occurrence and Three Million Dollars ($3,000,000) in the annual aggregate, including products liability coverage if applicable, owners and contractors protective coverage, blanket contractual coverage including both oral and written contracts, and personal injury coverage, covering the insuring provisions of this Lease and the performance of Tenant of the indemnity and exemption of Landlord from liability agreements set forth in Article 13 hereof; (ii) a policy of standard fire, extended coverage and special extended coverage insurance (all risks), including a vandalism and malicious mischief endorsement, sprinkler leakage coverage and earthquake sprinkler leakage where sprinklers are provided in an amount equal to the full replacement value new without deduction for depreciation of all (A) Tenant Improvements, Alterations, fixtures and other improvements in the Premises, including but not limited to all mechanical, plumbing, heating, ventilating, air conditioning, electrical, telecommunication and other equipment, systems and facilities, Premises and (B) trade fixtures, furniture, equipment and other personal property installed by or at the expense of Tenant; (iii) Worker’s 's Compensation coverage as required by law; and (iv) business interruption, loss of income and extra expense insurance covering any failure or interruption of Tenant’s business 's telecommunications equipment (including, without limitation, telecommunications equipment) and covering all other perils, failures or interruptions sufficient to cover a period of interruption of not less than twelve (12) monthsinterruptions. Tenant shall carry and maintain during the entire Lease Term (including any option periods, if applicable), at Tenant’s 's sole cost and expense, increased amounts of the insurance required to be carried by Tenant pursuant to this Article 14 and such other reasonable types of insurance coverage and in such reasonable amounts covering the Premises and Tenant’s 's operations therein, as may be reasonably required by Landlord.

Appears in 1 contract

Samples: Lease Agreement

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