Common use of Tenant’s Property Insurance Clause in Contracts

Tenant’s Property Insurance. Subject to the requirements of (P) 16.e., Tenant at its cost shall either by separate policy, or at Landlord's option, by endorsement to a policy already carried, maintain insurance coverage on all of Tenant's personal property and Tenant owned leasehold improvements in, on or about the Premises similar in coverage to that carried by the Insuring Party under (P) 16.c. Such insurance shall be full replacement cost coverage with a deductible of not to exceed $10,000 per occurrence. The proceeds from any such insurance shall be used by Tenant for the replacement of personal property or the restoration of Tenant owned leasehold improvements. Tenant shall be the Insuring Party with respect to the insurance required by this (P) 16.d. and shall provide Landlord with written evidence that such insurance is in force.

Appears in 2 contracts

Samples: Docent Inc, Docent Inc

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Tenant’s Property Insurance. Subject to the requirements of (P) 16.epar16.e., Tenant at its cost shall either by separate policy, or at Landlord's option, by endorsement to a policy already carried, maintain insurance coverage on all of Tenant's personal property and Tenant owned leasehold improvements in, on or about the Premises similar in coverage to that carried by the Insuring Party under (P) 16.cpar16.c. Such insurance shall be full replacement cost coverage with a deductible of not to exceed $10,000 per occurrence. The proceeds from any such insurance shall be used by Tenant for the replacement of personal property or the restoration of Tenant owned leasehold improvements. Tenant shall be the Insuring Party with respect to the insurance required by this (P) 16.dpar16.d. and shall provide Landlord with written evidence that such insurance is in force.

Appears in 1 contract

Samples: Media Arts Group Inc

Tenant’s Property Insurance. Subject to the requirements of (P) 16.e¶16.e., Tenant at its cost shall either by separate policy, or at Landlord's ’s option, by endorsement to a policy already carried, maintain insurance coverage on all of Tenant's ’s personal property and Tenant owned leasehold improvements in, on or about the Premises similar in coverage to that carried by the Insuring Party under (P) 16.c¶16.c. Such insurance shall be full replacement cost coverage with a deductible of not to exceed $10,000 per occurrence. The proceeds from any such insurance shall be used by Tenant for the replacement of personal property or the restoration of Tenant owned leasehold improvements. Tenant shall be the Insuring Party with respect to the insurance required by this (P) 16.d¶16.d. and shall provide Landlord with written evidence that such insurance is in force.

Appears in 1 contract

Samples: Lease (Docent Inc)

Tenant’s Property Insurance. Subject to the requirements of (P) P. 16.e., Tenant at its cost shall either by separate policy, or at Landlord's option, by endorsement to a policy already carried, maintain insurance coverage on all of Tenant's personal property and Tenant owned leasehold improvements in, on or about the Premises similar in coverage to that carried by the Insuring Party under (P) P. 16.c. Such insurance shall be full replacement cost coverage with a deductible of not to exceed $10,000 per occurrence. The proceeds from any such insurance shall be used by Tenant for the replacement of personal property or the restoration of Tenant owned leasehold improvements. Tenant shall be the Insuring Party with respect to the insurance required by this (P) P. 16.d. and shall provide Landlord with written evidence that such insurance is in force.

Appears in 1 contract

Samples: Vina Technologies Inc

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Tenant’s Property Insurance. Subject to the requirements of (P) 16.eP)16.e., Tenant at its cost shall either by separate policy, or at Landlord's option, by endorsement to a policy already carried, maintain insurance coverage on all of Tenant's personal property and Tenant owned Tenant's leasehold improvements in, on or about the Premises similar in coverage to that carried by the Insuring Party under (P) 16.cP)16.c. Such insurance shall be full replacement cost coverage with a deductible of not to exceed $10,000 per occurrence. The proceeds from any such insurance shall be used by Tenant for the replacement of personal property or the restoration of Tenant owned leasehold improvementsimprovements as required to maintain business operations in the Premises. Tenant shall be the Insuring Party with respect to the insurance required by this (P) 16.dP)16.d. and shall provide Landlord with written evidence that such insurance is in force.

Appears in 1 contract

Samples: Medarex Inc

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