To Insure. (a) the Building and keep the same insured in the name of the Landlord subject to such exclusions excesses and limitations as may be imposed by the insurers and as are common in the London insurance market from time to time against:
(i) the Insured Risks in such a sum as shall be determined from time to time by the Landlord or the Landlord’s Surveyor acting reasonably as being the full cost of rebuilding and reinstatement of the Building (and for these purposes “Building” means the Building constructed in accordance with the Specification) and identifying specifically the sums referable to the cost of rebuilding or reinstating the relevant parts of the Building described in the section of the Specification entitled “Category A Specification” (and the Landlord covenants to have due regard to any reasonable request by the Tenant to increase such sums in respect of the Building) together with architects’ surveyors’ consultants’ legal and other fees in relation to the repair rebuilding or reinstatement of the Building (including any cost or increased cost resulting from the requirements of local or other authorities statutes bye-laws regulations or orders as to the method of or design of or materials to be used in such repairing rebuilding or reinstatement) and making due allowance for the effects of inflation and escalation of building costs and any fees and the cost of site clearance demolition and debris removal and VAT on all such sums including any VAT resulting from any deemed self supply as a result of such rebuilding or reinstatement
(ii) loss of the Principal Rent and the Rent thirdly reserved for such period (being not less than five years and not more than seven years) as the Landlord may from time to time reasonably deem necessary which may be calculated having regard to any relevant reviews or increases of rent and to the likely period required for obtaining planning permission and reinstating the Building
(iii) (to the extent to which the same is not covered by clause 4.2(a)(i)) where applicable engineering and electrical plant and machinery being part of the Building against sudden and unforeseen damage breakdown and inspection
(iv) property owner’s liability and such other insurances as the Landlord may from time to time (acting reasonably) deem necessary to effect
To Insure. 1.1 To insure any panelling or partitions which are or shall be at any time during the term affixed into or about the Premises and all additions, alterations and improvements thereto and all trade and Tenant’s fixtures, fittings and stock against loss, or damage by the Insured Perils and to produce the relevant Policy or Policies and latest receipt for premium to the Landlord or its agent if so requested.
1.2 To effect and keep in force Public Liability, Employers Liability and such other Insurances (to the extent that such insurance cover is available) as may be necessary to indemnify the Landlord against all and any expenses, costs, claims, demands, damages and other liabilities as hereinbefore specified and to extend such policies of Insurance so that the Landlord is indemnified by the Insurers in the same manner as the Tenant and whenever acquired to do so by the Landlord to produce to the Landlord the said policy or policies together with satisfactory evidence that the same are valid and subsisting and that all premiums due thereon have been paid.
1.3 To give immediate notification to the Landlord in the event of the Premises or any part thereof being damaged or destroyed by any of the Insured Perils.
To Insure. The Company shall keep the Collateral and the operations of the Company insured in such amounts as the Bank may reasonably require against loss or damage by fire and such other risks as the Bank may from time to time specify, with insurers approved by the Bank. The Company shall whenever from time to time requested by the Bank provide the Bank with satisfactory evidence of such insurance and any renewal thereof which shall at all times be subject to mortgage clauses in a form approved by the Bank, and shall at the request of the Bank forthwith name the Bank as first loass payee and assign, transfer and deliver unto the Bank the policy or policies of such insurance. Evidence satisfactory to the Bank of the renewal of every policy of insurance shall be provided to the Bank at least seven (7) days before the termination thereof.
To Insure. The Company will at all times keep all its property of an insurable nature and of the character usually insured by companies operating similar properties, insured in amounts customarily carried, and against loss or damage from such causes as are customarily insured against, by similar companies. All such insurance shall be effected with responsible insurance carriers. All policies or other contracts for such insurance upon any part of the Trust Estate shall provide that the proceeds of such insurance (except in the case of any particular casualty resulting in damage or destruction not exceeding $2,000,000 in the aggregate) shall be payable, subject to the requirements of any Prior Lien, to the Trustee as its interest may appear (by means of a standard mortgagee clause or other similar clause acceptable to the Trustee, without contribution). Each policy or other contract for such insurance, or such mortgagee clause, shall contain an agreement by the insurer that, notwithstanding any right of cancellation reserved to such insurer, such policy or contract shall continue in force for the benefit of the Trustee for at least thirty (30) days after written notice to the Trustee of cancellation. As soon as practicable after the execution of this Indenture, and within ninety (90) days after the close of each calendar year thereafter, and at any time upon the request of the Trustee, the Company will file with the Trustee an Officers' Certificate containing a detailed list of the insurance in force upon the Trust Estate on a date therein specified (which date shall be within thirty (30) days of the filing of such Certificate), including the names of the insurers with which the policies and other contracts of insurance on the Trust Estate are carried, the numbers, amounts and expiration dates of such policies and other contracts and the property and hazards covered thereby, and stating that the insurance so listed complies with this Section, and the Trustee may conclusively rely on such Certificate. Any appraisement or adjustment or any loss or damage of or to any part of the Trust Estate and any settlement in respect thereof which may be agreed upon between the Company and any insurer, as evidenced by an Officers' Certificate, shall be accepted by the Trustee. All proceeds of insurance received by the Trustee shall be held and paid over or applied by the Trustee as provided in Article VI. All proceeds of any insurance on any part of the Trust Estate not payable to th...
To Insure. The Company will at all times keep all its property of an insurable nature and of the character usually insured by companies operating similar properties, insured in amounts customarily carried, and against loss or damage from such causes as are customarily insured against, by similar companies. All such insurance shall be effected with responsible insurance carriers.
To Insure. The Trust will keep adequately insured, by financially sound and reputable insurers, all properties of a character usually insured by institutions engaged in the same or a similar business against loss or damage of the kinds customarily insured against by such institutions, and carry such other adequate insurance as is usually carried by institutions engaged in the same or a similar business.
To Insure. The Borrowers shall keep the Secured Property insured in such amounts as is carried by prudent corporations carrying on a similar business and owning similar property, and against loss or damage by fire and such other risks as Phoenix, on behalf of the Lenders, may from time to time specify, acting reasonably, with reputable insurers. The Borrowers shall, whenever from time to time requested by Phoenix, on behalf of the Lenders, provide Phoenix, on behalf of the Lenders, satisfactory evidence of such insurance and any renewal thereof which shall at all times be subject to charging clauses in a form approved by Phoenix, on behalf of the Lenders, and shall cause the Lenders to be shown as loss payees under the policy or policies. Evidence satisfactory to Phoenix, on behalf of the Lenders, of the renewal of every policy of insurance shall be left with Phoenix, on behalf of the Lenders, at least seven (7) days before the termination thereof. Each policy of insurance shall be in form and substance acceptable to Phoenix, on behalf of the Lenders, acting reasonably, and shall not be subject to any co-insurance clause.
To Insure. At all times during the Term to keep the Demised Premises or any premises of which the Demised Premises form part insured (unless such insurance shall be vitiated by any act of the Tenant or any other occupier of such premises or any part thereof or their respective servants agents licensees or invitees) against loss or damage by the Insured Risks in some Insurance Office of repute to be nominated by the Landlord for the Landlord's opinion of the full cost of reinstatement thereof and to pay all premiums necessary for that purpose and if the Tenant so demands at its cost to produce to the Tenant details of the terms of the policy of insurance and evidence that the current year's premium has been paid and to use all reasonable endeavours to procure that the interest of the Tenant is noted on the policy and to notify the Tenant of any material changes in the risks covered by the policy and further that in case of destruction or damage to the Demised Premises or any premises of which the Demised Premises form part by way of the Insured Risks will subject to the provisions of any Act of Parliament or local bye-law for the time being in force with all due speed apply for and diligently pursue an application for planning permission for the Works of reinstatement and upon receipt of the same with all due speed spend and lay out all monies received in respect of such insurance (except sums in respect of loss of rent) in rebuilding or reinstating in a good and substantial manner those premises so destroyed or damaged and making good any shortfall in the insurance money Provided that if the rebuilding or reinstatement of the Demised Premises or any premises of which the Demised Premises form part shall be prevented or frustrated all such insurance monies shall belong absolutely to the Landlord and shall be paid to the Landlord accordingly PROVIDED that in any reinstatement after damage by any of the insured risks the Landlord shall not be obliged to reinstate in accordance with the plans sections elevations and specifications of the existing building but (so far as is reasonably 24 practicable) and consistent with planning and all other relevant statutes bye-laws and regulations) shall provide the Tenant with accommodation reasonably equivalent to that hereby demised the covenants and conditions contained in this Lease to apply thereto in all respects mutatis mutandis as they apply to the Demised Premises
To Insure. The Company will, and will cause each of its subsidiaries to maintain insurance in such extent and against such hazards and liabilities as is commonly maintained by companies similarly situated.
To Insure. (a) Mortgagor, at Mortgagor's expense, shall maintain with Insurers:
(i) insurance with respect to Mortgagor's insurable properties constituting a part of the Trust Estate against loss or damage by fire, lightning, and other risks from time to time included under "all-risk" policies and against loss or damage by sprinkler leakage, water damage, collapse, malicious mischief and explosion in respect of any steam and pressure boilers and similar apparatus located on such insurable proper-ties, in amounts at all times sufficient to prevent Mortgagor from becoming a coinsurer within the terms of the applicable policies, but in any event such insurance shall be maintained in not less than the greatest of the following (the "Insurance Amount"): (A) 100% of the then Full Insurable Value of such insurable properties, determined from time to time (but not less frequently than once in any 36 calendar months), by an Independent appraiser or Insurer, (B) the then outstanding principal amount of Indebtedness under the Debt Documents or (C) the amount required to be maintained pursuant to the Material Instrument Requirements;
(ii) war risk insurance as and when such insurance is obtainable from the United States of America or any agency thereof as promptly as reason- ably practicable after the same becomes so obtainable, in an amount not less than the Insurance Amount, or, if such insurance cannot be obtained in an amount not less than the Insurance Amount, in such lesser amount as may then be so obtainable;
(iii) comprehensive general liability insurance, including, without limitation, blanket contractual liability coverage, broad form property damage, independent contractor's coverage and personal injury coverage against any and all claims arising out of or connected with the possession, use,, leasing, operation or condition of such insurable properties, in an amount not less than $100,000,000 combined single limit coverage for personal injury and property damage with respect to any one occurrence, which may be under an umbrella policy. Anything contained in this clause (iii) to the contrary notwithstanding, the Material Instrument Requirements with respect to the kinds and amount of insurance described in this clause (iii) shall be satisfied by Mortgagor;
(iv) workers' compensation insurance to the extent required by law;
(v) business interruption insurance covering not less than 6 months of loss;
(vi) to the extent available for a commercially reasonable premium, flo...
