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
Appears in 3 contracts
Samples: Lease Agreement (Markit Ltd.), Lease Agreement (Markit Ltd.), Lease (Markit Ltd.)
To Insure. (a) the Building and keep the same insured with a reputable insurer in the name of the Landlord subject to such exclusions 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 '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 Base Building Definition including such works to prepare the sums referable Premises to the cost of rebuilding or reinstating the relevant parts of the Building generally no lesser standard than that 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) Building together with architects’ ', surveyors’ ', consultants’ ' legal and other fees in relation to the repair repair, rebuilding or reinstatement of the Building (including any cost or increased cost resulting from the requirements of local or other authorities statutes authorities, statutes, bye-laws laws, regulations or orders as to the method of or design of or materials to be used in such repairing 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 clearance, demolition and debris removal and VAT on all such sums including any VAT resulting from any deemed self self-supply as a result of such rebuilding or reinstatement;
(ii) loss of the Principal Rent and the Rent 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 's liability and such other insurances as the Landlord may from time to time (acting reasonably) deem necessary to effect;
(b) subject to request by the Tenant in writing and notification in writing by the Tenant of the full reinstatement cost of such items, any installations, fixtures, fittings, and equipment resulting from the completion of the Tenant's Works (as defined in the Agreement for Lease) or any other completed works carried out by the Tenant and any sub-tenant in accordance with the provisions of this Lease.
Appears in 1 contract
Samples: Lease Agreement (Mimecast LTD)
To Insure. (a) the Building and keep the same insured with a reputable insurer in the name of the Landlord subject to such exclusions 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 '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 Base Building Definition including such works to prepare the sums referable Premises to the cost of rebuilding or reinstating the relevant parts of the Building generally no lesser standard than that 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) Building together with architects’ ', surveyors’ ', consultants’ ' legal and other fees in relation to the repair repair, rebuilding or reinstatement of the Building (including any cost or increased cost resulting from the requirements of local or other authorities statutes authorities, statutes, bye-laws laws, regulations or orders as to the method of or design of or materials to be used in such repairing 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 clearance, demolition and debris removal and VAT on all such sums including any VAT resulting from any deemed self self-supply as a result of such rebuilding or reinstatement; 11/46479475_5 28UKMATTERS:45919740.1
(ii) loss of the Principal Rent and the Rent 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 's liability and such other insurances as the Landlord may from time to time (acting reasonably) deem necessary to effect;
(b) subject to request by the Tenant in writing and notification in writing by the Tenant of the full reinstatement cost of such items, any installations, fixtures, fittings, and equipment resulting from the completion of the Tenant's Works (as defined in the Agreement for Lease) or any other completed works carried out by the Tenant and any sub-tenant in accordance with the provisions of this Lease. Landlord's obligations in relation to insurance
Appears in 1 contract
Samples: Lease Agreement (Mimecast LTD)
To Insure. (a) the Building and keep the same insured with a reputable insurer in the name of the Landlord subject to such exclusions 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 Base Building Definition including such works to prepare the sums referable Premises to the cost of rebuilding or reinstating the relevant parts of the Building generally no lesser standard than that 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) Building together with architects’ ’, surveyors’ ’, consultants’ legal and other fees in relation to the repair 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 authorities, statutes, bye- laws, regulations or orders as to the method of or design of or materials to be used in such repairing 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 clearance, demolition and debris removal and VAT on all such sums including any VAT resulting from any deemed self self-supply as a result of such rebuilding or reinstatement;
(ii) loss of the Principal Rent and the Rent 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;
(b) subject to request by the Tenant in writing and notification in writing by the Tenant of the full reinstatement cost of such items, any installations, fixtures, fittings, and equipment resulting from the completion of the Tenant’s Works (as defined in the Agreement for Lease) or any other completed works carried out by the Tenant and any sub-tenant in accordance with the provisions of this Lease.
Appears in 1 contract
To Insure. (a) the Building and keep the same insured with a reputable insurer in the name of the Landlord subject to such exclusions 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 '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 Base Building Definition including such works to prepare the sums referable Premises to the cost of rebuilding or reinstating the relevant parts of the Building generally no lesser standard than that 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) Building together with architects’ ', surveyors’ ', consultants’ ' legal and other fees in relation to the repair repair, rebuilding or reinstatement of the Building (including any cost or increased cost resulting from the requirements of local or other authorities statutes authorities, statutes, bye-laws laws, regulations or orders as to the method of or design of or materials to be used in such repairing 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 clearance, demolition and debris removal and VAT on all such sums including any VAT resulting from any deemed self self-supply as a result of such rebuilding or reinstatement; 11/46486557_5 27UKMATTERS:45919740.1
(ii) loss of the Principal Rent and the Rent 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 's liability and such other insurances as the Landlord may from time to time (acting reasonably) deem necessary to effect;
(b) subject to request by the Tenant in writing and notification in writing by the Tenant of the full reinstatement cost of such items, any installations, fixtures, fittings, and equipment resulting from the completion of the Tenant's Works (as defined in the Agreement for Lease) or any other completed works carried out by the Tenant and any sub-tenant in accordance with the provisions of this Lease.
Appears in 1 contract
Samples: Lease Agreement (Mimecast LTD)