Tenant’s Required Insurance.
8.1.1. Tenant agrees to purchase all required insurance at Tenant’s expense and to deposit with Chief Real Estate Officer certificates of insurance, including all endorsements required herein, necessary to satisfy Chief Real Estate Officer that the insurance provisions of this Lease have been complied with and to keep such insurance coverage and the certificates and endorsements therefore on deposit with Chief Real Estate Officer during the entire term of this Lease. It shall constitute an Event of Default hereunder if Tenant’s insurance coverage is terminated and not reinstated within ten (10) business days after notice from County of such termination.
8.1.2. Tenant agrees that it shall not operate on the Premises at any time the required insurance is not in full force and effect as evidenced by a certificate of insurance and necessary endorsements or, in the interim, an official binder being in the possession of Chief Real Estate Officer; rent however shall not be suspended. In no cases shall assurances by Tenant, its employees, agents, including any insurance agent, be construed as adequate evidence of insurance. Chief Real Estate Officer will only accept valid certificates of insurance and endorsements, or in the interim, an insurance binder as adequate evidence of insurance. Tenant also agrees that upon cancellation, termination, or expiration of Tenant’s insurance, Chief Real Estate Officer may take whatever steps are necessary to interrupt any operation from or on the Premises until such time as the Chief Real Estate Officer reinstates the Lease.
8.1.3. If Tenant fails to provide Chief Real Estate Officer with a valid certificate of insurance and endorsements, or binder at any time during the term of the Lease, County and Tenant agree that this shall constitute a material breach of the Lease. Whether or not a notice of default has or has not been sent to Tenant, said material breach shall permit Chief Real Estate Officer to take whatever steps are necessary to interrupt any operation from or on the Premises, and to prevent any persons, including, but not limited to, members of the general public, and Tenant’s employees and agents, from entering the Premises until such time as the Chief Real Estate Officer is provided with adequate evidence of insurance required herein. Tenant further agrees to hold County harmless for any damages resulting from such interruption of business and possession, including, but not limited to, damages resulting from any ...
Tenant’s Required Insurance. Tenant, at Tenant’s sole cost and expense, shall maintain the following insurance coverages with responsible companies licensed to do business in the state where the Building is located and reasonably satisfactory to Landlord: (i) “special form” property insurance which shall be primary (and non-contributory) on any Alterations performed by or on behalf of Tenant and Tenant’s property, including, but not limited to, its goods, equipment and inventory, in an amount adequate to cover their full replacement cost; (ii) business interruption insurance for a period of not less than two hundred seventy (270) days, (iii) commercial general liability insurance on an as occurrence basis with limits of liability in an amount not less than Five Million Dollars ($5,000,000) combined single limit for each occurrence and Five Million Dollars ($5,000,000) annual aggregate, in each case for bodily injury and property damage liability and personal injury liability, (iv) employer’s liability coverage of at least One Million Dollars ($1,000,000) per occurrence, (v) Worker’s Compensation Insurance as required by Law, and (vi) any other form of forms of insurance as any Lender of Landlord may reasonably require from time to time in form, in amounts and for insurance risks against which a prudent tenant would protect itself and which is customarily required by lenders of landlords of similar buildings located in the vicinity of the Premises. The commercial general liability policy shall include contractual liability which includes the provisions of Article 9 herein, and contain severability of interest and cross liability clauses. On or before the Commencement Date, Tenant shall furnish to Landlord and its Project Manager, certificates and/or policies of insurance evidencing the aforesaid insurance coverages. All such policies and certificates (other than Worker’s Compensation Insurance) shall name as additional insureds Landlord, Landlord’s Project Manager, Tenant, any Lender of Landlord, and such other parties as Landlord shall reasonably require, as their respective interests may appear. Renewal certificates must be furnished to Landlord at least thirty (30) days prior to the expiration date of such insurance policies showing the above coverage to be in full force and effect. All such insurance shall be in form reasonably satisfactory to Landlord and provide that it cannot be canceled or reduced in coverage except upon thirty (30) days prior written notice to Landlord. Tenant...
Tenant’s Required Insurance. Tenant shall, during the term, at its sole expense obtain and keep in force, (i) commercial general liability insurance coverage, personal injury, bodily injury, broad form property damage, operations hazard, owner's protective coverage, contractual liability and products and completed operations liability in limits not less than [***] inclusive (the aggregate limits of such insurance to apply specifically to the Premises and not in multiple locations) with Landlord and, if required, by Landlord mortgages of Landlord, each named as an additional insured, as their respective interests may appear, and (ii) "
Tenant’s Required Insurance. Tenant covenants and agrees that from and after the Commencement Date and continuing throughout the Term, Tenant will carry and maintain, at its sole cost and expense, the insurance required below:
Tenant’s Required Insurance. Tenant shall, during the term, at its sole expense obtain and keep in force, (i) commercial general liability insurance coverage, personal injury, bodily injury, broad form property damage, operations hazard, owner's protective coverage, contractual liability and products and completed operations liability in limits not less than $1,000,000.00 inclusive (the aggregate limits of such insurance to apply specifically to the Premises and not to multiple locations) with Landlord and, if required by Landlord, mortgagees of Landlord, each named as an additional insured as their respective interest may appear; and (ii) "
Tenant’s Required Insurance. Tenant shall maintain, at its own expense, the following insurance ("Tenant's Required Insurance") for the benefit of Landlord:
A. General public liability insurance against claims for bodily injury, death or property damage occurring on, in or about the Leased Premises, the Premises, and the adjoining streets, sidewalks and passageways, such insurance to afford protection to Landlord of not less than $2,000,000 with respect to bodily injury or death to any one person, not less than $5,000,000 with respect to any one accident, and not less than $1,000,000 with respect to property damage.
B. Workmen's Compensation and Employers Liability insurance covering all persons employed by Tenant in connection with any work done on or about the Premises with respect to which claims for death or bodily injury could be asserted against Landlord, Tenant or the Premises.
C. Boiler and pressure vessel insurance on all equipment, parts thereof and appurtenances attached or connected to the Leased Premises which by reason of their use or existence are capable of bursting, erupting, collapsing or exploding, in the minimum amount of $1,000,000 for damage to property resulting from such perils.
D. At any time which improvements are being constructed on the Leased Premises, completed value builder's risk insurance (or equivalent coverage), which insurance shall cover the Leased Premises, including building materials thereon, against loss or damage from fire, lightning, extended coverage perils, sprinkler leakage, vandalism, and malicious mischief, in an amount not less than the final cost, as estimated by Tenant, of such improvements.
E. Such other insurance on the Premises in such amounts and against such other hazards which at the time are commonly obtained in the case of property similar to the Premises. All Tenant's Required Insurance shall be written in companies reasonably satisfactory to Landlord and Tenant and in the forms customarily in use from time to time in the locality of the Premises; and shall name as the insured parties thereunder Landlord and Tenant, as their interests may appear. Every policy of Tenant's Required Insurance shall contain an agreement that the insurer will not cancel such policy except after ten (10) days' written notice to Landlord and that any loss otherwise payable thereunder shall be payable notwithstanding any act or negligence of Landlord or Tenant which might, absent such agreement, result in a forfeiture of all or a part of such insuran...
Tenant’s Required Insurance. At its sole cost and expense Tenant shall procure and keep in effect from the date of this Lease and at all times until the end of the Term the following insurance:
Tenant’s Required Insurance. Tenant shall maintain insurance policies, with responsible companies licensed to do business in the state where the Building is located and satisfactory to Landlord, naming Landlord, Landlord's Building Manager, Cornerstone Real Estate Advisers, Inc., Tenant and any Mortgagee of Landlord, as their respective interests may appear, at its own cost and expense including (i) "all risk" property insurance which shall be primary on the lease improvements referenced in Article 5 and Tenant's property, including its goods, equipment and inventory, in an amount adequate to cover their replacement cost; (ii) business interruption insurance, (iii) commercial general liability insurance on an occurrence basis with limits of liability in an amount not less than $1,000,000 (One Million Dollars) combined single limit for each occurrence. On or before the Commencement Date of the Lease, Tenant shall furnish to Landlord and its Building Manager, certificates of insurance evidencing the aforesaid insurance coverage, including naming Landlord, Cornerstone Real Estate Advisers, Inc. and Landlord's Building Manager as additional insureds. Renewal certificates must be furnished to Landlord at least thirty (30) days prior to the expiration date of such insurance policies showing the above coverage to be in full force and effect. All such insurance shall provide that it cannot be canceled except upon thirty (30) days prior written notice to Landlord. Tenant shall comply with all rules and directives of any insurance board, company or agency determining rates of hazard coverage for the Premises, including but not limited to the installation of any equipment and/or the correction of any condition necessary to prevent any increase in such rates.
Tenant’s Required Insurance. Tenant will throughout the Term (and any other period when Tenant is in possession of the Premises) carry and maintain, at its sole cost and expense, the following types of insurance, which shall provide coverage on an occurrence basis, in the amounts specified with deductible amounts reasonably satisfactory to Landlord and naming Landlord as an additional insured (with the exception of Workers’ Compensation):
Tenant’s Required Insurance. Commercial general liability insurance, with limits of liability not less than $2,000,000.00 combined single limit. BASIC LEASE PROVISIONS
