Common use of Tenant’s Public Liability Insurance and Reiteration of Property Insurance Obligations Clause in Contracts

Tenant’s Public Liability Insurance and Reiteration of Property Insurance Obligations. As for property insurance, the specifications of Section 6(c) are reiterated here by reference, and it is stipulated that Tenant also shall be responsible for insuring the full replacement value of any personal property of Tenant used, kept or otherwise located upon the Premises. During the Term, Tenant shall, at its sole cost and expense, obtain, carry and maintain public liability insurance against claims for personal injury, death or property damage suffered by others upon, in or about the Premises, including the improvements thereon; or occurring as a result of the maintenance or operation by Tenant of any automobiles, trucks or other vehicles or airplanes or other facilities; or as a result of the use of products sold by Tenant or services rendered by Tenant; or any claims arising out of the business or activities of Tenant or assumed contractually under this Lease in amounts reasonable and customary in context of the Permitted Purposes. In no event shall such insurance have limits less than Two Million and No/100ths Dollars ($2,000,000.00), written as a combined single limit per accident or occurrence; Three Million and No/100ths Dollars ELECTRONICALLY FILED - 2020 Feb 14 2:23 PM - GREENVILLE - COMMON PLEAS - CASE#2020CP2300012 ($3,000,000.00) in the aggregate; and a blanket excess liability limit in an amount not less than One Million and No/100ths Dollars ($1,000,000.00). All insurance required to be carried and maintained by Tenant hereunder shall name Landlord and Pastor Xxxxxx X. Xxxxxxxxx, Xx., individually, as additional insureds, as their interests may appear. The policy(s) of insurance required hereunder shall be obtained from an insurance company(s) authorized to do business in the State of South Carolina with an A.M. Best rating of A- or greater. Tenant shall deliver to Landlord certificate(s) of such insurance policy(s), together with evidence of the payment of the premium(s) therefor, prior to the expiration of the policy then in force. All insurance policy(s) required hereunder shall provide for not less than thirty (30) days written notice to Landlord prior to any cancellation or amendment of such policy(s).

Appears in 1 contract

Samples: Asset Transfer Agreement

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Tenant’s Public Liability Insurance and Reiteration of Property Insurance Obligations. As for property insurance, the specifications of Section 6(c) are reiterated here by reference, and it is stipulated that Tenant also shall be responsible for insuring the full replacement value of any personal property of Tenant used, kept or otherwise located upon the Premises. During the Term, Tenant shall, at its sole cost and expense, obtain, carry and maintain public liability insurance against claims for personal injury, death or property damage suffered by others upon, in or about the Premises, including the improvements thereon; or occurring as a result of the maintenance or operation by Tenant of any automobiles, trucks or other vehicles or airplanes or other facilities; or as a result of the use of products sold by Tenant or services rendered by Tenant; or any claims arising out of the business or activities of Tenant or assumed contractually under this Lease in amounts reasonable and customary in context of the Permitted Purposes. In no event shall such insurance have limits less than Two Million and No/100ths Dollars ($2,000,000.00), written as a combined single limit per accident or occurrence; Three Million and No/100ths Dollars ELECTRONICALLY FILED - 2020 Feb 14 2:23 PM Jun 29 9:24 AM - GREENVILLE - COMMON PLEAS - CASE#2020CP2300012 ($3,000,000.00) in the aggregate; and a blanket excess liability limit in an amount not less than One Million and No/100ths Dollars ($1,000,000.00). All insurance required to be carried and maintained by Tenant hereunder shall name Landlord and Pastor Xxxxxx X. Xxxxxxxxx, Xx., individually, as additional insureds, as their interests may appear. The policy(s) of insurance required hereunder shall be obtained from an insurance company(s) authorized to do business in the State of South Carolina with an A.M. Best rating of A- or greater. Tenant shall deliver to Landlord certificate(s) of such insurance policy(s), together with evidence of the payment of the premium(s) therefor, prior to the expiration of the policy then in force. All insurance policy(s) required hereunder shall provide for not less than thirty (30) days written notice to Landlord prior to any cancellation or amendment of such policy(s).

Appears in 1 contract

Samples: Asset Transfer Agreement

Tenant’s Public Liability Insurance and Reiteration of Property Insurance Obligations. As for property insurance, the specifications of Section 6(c) are reiterated here by reference, and it is stipulated that Tenant also shall be responsible for insuring the full replacement value of any personal property of Tenant used, kept or otherwise located upon the Premises. During the Term, Tenant shall, at its sole cost and expense, obtain, carry and maintain public liability insurance against claims for personal injury, death or property damage suffered by others upon, in or about the Premises, including the improvements thereon; or occurring as a result of the maintenance or operation by Tenant of any automobiles, trucks or other vehicles or airplanes or other facilities; or as a result of the use of products sold by Tenant or services rendered by Tenant; or any claims arising out of the business or activities of Tenant or assumed contractually under this Lease in amounts reasonable and customary in context of the Permitted Purposes. In no event shall such insurance have limits less than Two Million and No/100ths Dollars ($2,000,000.00), written as a combined single limit per accident or occurrence; Three Million and No/100ths Dollars ELECTRONICALLY FILED - 2020 Feb 14 2:23 07 2:40 PM - GREENVILLE - COMMON PLEAS - CASE#2020CP2300012 ($3,000,000.00) in the aggregate; and a blanket excess liability limit in an amount not less than One Million and No/100ths Dollars ($1,000,000.00). All insurance required to be carried and maintained by Tenant hereunder shall name Landlord and Pastor Xxxxxx X. Xxxxxxxxx, Xx., individually, as additional insureds, as their interests may appear. The policy(s) of insurance required hereunder shall be obtained from an insurance company(s) authorized to do business in the State of South Carolina with an A.M. Best rating of A- or greater. Tenant shall deliver to Landlord certificate(s) of such insurance policy(s), together with evidence of the payment of the premium(s) therefor, prior to the expiration of the policy then in force. All insurance policy(s) required hereunder shall provide for not less than thirty (30) days written notice to Landlord prior to any cancellation or amendment of such policy(s).

Appears in 1 contract

Samples: Lease Agreement

Tenant’s Public Liability Insurance and Reiteration of Property Insurance Obligations. As for property insurance, the specifications of Section 6(c) are reiterated here by reference, and it is stipulated that Tenant also shall be responsible for insuring the full replacement value of any personal property of Tenant used, kept or otherwise located upon the Premises. During the Term, Tenant shall, at its sole cost ELECTRONICALLY FILED - 2020 Jun 29 9:24 AM - GREENVILLE - COMMON PLEAS - CASE#2020CP2300012 and expense, obtain, carry and maintain public liability insurance against claims for personal injury, death or property damage suffered by others upon, in or about the Premises, including the improvements thereon; or occurring as a result of the maintenance or operation by Tenant of any automobiles, trucks or other vehicles or airplanes or other facilities; or as a result of the use of products sold by Tenant or services rendered by Tenant; or any claims arising out of the business or activities of Tenant or assumed contractually under this Lease in amounts reasonable and customary in context of the Permitted Purposes. In no event shall such insurance have limits less than Two Million and No/100ths Dollars ($2,000,000.00), written as a combined single limit per accident or occurrence; Three Million and No/100ths Dollars ELECTRONICALLY FILED - 2020 Feb 14 2:23 PM - GREENVILLE - COMMON PLEAS - CASE#2020CP2300012 ($3,000,000.00) in the aggregate; and a blanket excess liability limit in an amount not less than One Million and No/100ths Dollars ($1,000,000.00). All insurance required to be carried and maintained by Tenant hereunder shall name Landlord and Pastor Xxxxxx X. Xxxxxxxxx, Xx., individually, as additional insureds, as their interests may appear. The policy(s) of insurance required hereunder shall be obtained from an insurance company(s) authorized to do business in the State of South Carolina with an A.M. Best rating of A- or greater. Tenant shall deliver to Landlord certificate(s) of such insurance policy(s), together with evidence of the payment of the premium(s) therefor, prior to the expiration of the policy then in force. All insurance policy(s) required hereunder shall provide for not less than thirty (30) days written notice to Landlord prior to any cancellation or amendment of such policy(s).

Appears in 1 contract

Samples: Asset Transfer Agreement

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Tenant’s Public Liability Insurance and Reiteration of Property Insurance Obligations. As for property insurance, the specifications of Section 6(c) are reiterated here by reference, and it is stipulated that Tenant also shall be responsible for insuring the full replacement value of any personal property of Tenant used, kept or otherwise located upon the Premises. During the Term, Tenant shall, at its sole cost ELECTRONICALLY FILED - 2020 Feb 14 2:23 PM - GREENVILLE - COMMON PLEAS - CASE#2020CP2300012 and expense, obtain, carry and maintain public liability insurance against claims for personal injury, death or property damage suffered by others upon, in or about the Premises, including the improvements thereon; or occurring as a result of the maintenance or operation by Tenant of any automobiles, trucks or other vehicles or airplanes or other facilities; or as a result of the use of products sold by Tenant or services rendered by Tenant; or any claims arising out of the business or activities of Tenant or assumed contractually under this Lease in amounts reasonable and customary in context of the Permitted Purposes. In no event shall such insurance have limits less than Two Million and No/100ths Dollars ($2,000,000.00), written as a combined single limit per accident or occurrence; Three Million and No/100ths Dollars ELECTRONICALLY FILED - 2020 Feb 14 2:23 PM - GREENVILLE - COMMON PLEAS - CASE#2020CP2300012 ($3,000,000.00) in the aggregate; and a blanket excess liability limit in an amount not less than One Million and No/100ths Dollars ($1,000,000.00). All insurance required to be carried and maintained by Tenant hereunder shall name Landlord and Pastor Xxxxxx X. Xxxxxxxxx, Xx., individually, as additional insureds, as their interests may appear. The policy(s) of insurance required hereunder shall be obtained from an insurance company(s) authorized to do business in the State of South Carolina with an A.M. Best rating of A- or greater. Tenant shall deliver to Landlord certificate(s) of such insurance policy(s), together with evidence of the payment of the premium(s) therefor, prior to the expiration of the policy then in force. All insurance policy(s) required hereunder shall provide for not less than thirty (30) days written notice to Landlord prior to any cancellation or amendment of such policy(s).

Appears in 1 contract

Samples: Asset Transfer Agreement

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