Common use of TENANT'S PERSONAL PROPERTY AND FIXTURES Clause in Contracts

TENANT'S PERSONAL PROPERTY AND FIXTURES. Tenant shall at all times, at Tenant's sole cost and expense, maintain insurance against any or all risks of physical loss in an amount adequate to cover the cost of replacement of all of Tenant's Alterations, trade fixtures, equipment and personal property. Such policy shall be issued by an insurance company approved by Landlord, shall name Landlord and Landlord's lender as additional insureds, and shall provide that no cancellation or reduction in coverage shall be effective until thirty (30) days after written notice to Landlord and Landlord's lender. Tenant shall deliver a certificate evidencing such insurance to Landlord and a renewal or binder at least twenty (20) days prior to expiration. Tenant acknowledges that Landlord's insurance is not intended to cover Tenant's Alterations, trade fixtures, equipment, and personal property. Provided, however, that at Landlord's sole election, Landlord may obtain at Tenant's expense any or all of the insurance described in this Section.

Appears in 3 contracts

Samples: Industrial Net Lease (Avanir Pharmaceuticals), Industrial Net Lease (Mitokor), Industrial Net Lease (Mitokor)

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TENANT'S PERSONAL PROPERTY AND FIXTURES. Tenant shall at all timestimes maintain, at Tenant's sole cost and expense, maintain insurance against any or all risks of physical loss in an amount adequate to cover the cost of replacement of all of Tenant's Alterations, trade fixtures, equipment and personal property. Such policy shall be issued by an insurance company approved by Landlord, shall name Landlord and Landlord's lender as additional insureds, and shall provide that no cancellation or reduction in coverage shall be effective until thirty (30) days after written notice to Landlord and Landlord's lender. Tenant shall deliver a certificate evidencing such insurance to Landlord and a renewal or binder at least twenty (20) days prior to expiration. Tenant acknowledges that Landlord's insurance is not intended to cover Tenant's Alterations, trade fixtures, equipment, and personal property. Provided, however, that at Landlord's sole election, Landlord may obtain at Tenant's expense any or all of the insurance described in this Section.

Appears in 1 contract

Samples: Industrial Net Lease (Avanir Pharmaceuticals)

TENANT'S PERSONAL PROPERTY AND FIXTURES. Tenant shall at all times, at Tenant's sole cost and expense, maintain insurance l | against any or all risks of physical loss in an amount adequate to cover the cost of replacement of all of Tenant's Alterations, trade fixtures, \ equipment and personal property. Such policy shall be issued by an insurance company approved by Landlord, shall name Landlord and \ Landlord's lender as additional insureds, and shall provide that no cancellation or reduction in coverage shall be effective until thirty (30) days after written notice to Landlord and Landlord's lender. Tenant shall deliver xxxxx xxliver a certificate evidencing such insurance to Landlord and a renewal or binder at least twenty (20) days prior to expiration. Tenant acknowledges that Landlord's insurance is not intended to cover Tenant's Alterations, trade fixtures, equipment, and personal property. Provided, however, that at Landlord's sole election, Landlord Xxxxxxxx may obtain at Tenant's expense any or all of the insurance described in this Section.

Appears in 1 contract

Samples: Sgi International

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TENANT'S PERSONAL PROPERTY AND FIXTURES. Tenant shall at all times, at Tenant's ’s sole cost and expense, maintain insurance against any or all risks of physical loss in an amount adequate to cover the cost of replacement of all of Tenant's ’s Alterations, trade fixtures, equipment and personal property. Such policy shall be issued by an insurance company approved by Landlord, shall name Landlord and Landlord's ’s lender as additional insureds, and Tenant shall provide that no to Landlord and Landlord’s lender written notice of cancellation or reduction in coverage shall be effective until thirty (30) days immediately after Tenant receives written notice to Landlord and Landlord's lenderfrom Tenant’s insurance carrier. Tenant shall deliver a certificate evidencing such insurance to Landlord and a renewal or binder at least twenty (20) days prior to expiration. Tenant acknowledges that Landlord's ’s insurance is not intended to cover Tenant's ’s Alterations, trade fixtures, equipment, and personal property. Provided, however, that at Landlord's ’s sole election, Landlord may obtain at Tenant's ’s expense any or all of the insurance described in this Section.

Appears in 1 contract

Samples: Industrial Lease (Brooks Automation Inc)

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