Common use of Types of Insurance Clause in Contracts

Types of Insurance. Tenant shall maintain in full force and effect at all times during the Term of this Lease, at Tenant's sole cost and expense, for the protection of Tenant and Landlord, as their interests may appear, policies of insurance issued by a carrier or carriers with an A.M. Best's rating (or similar publication) of A-:VIII or better which afford the following coverages: (i) worker's compensation: statutory limits; (ii) employer's liability, as required by law, with a minimum limit of $100,000 per employee and $500,000 per occurrence; (iii) commercial general liability insurance (occurrence form) providing coverage against claims for bodily injury and property damage occurring in, on or about the Premises arising out of Tenant's and Tenant's Representatives' use and/or occupancy of the Premises. Such insurance shall include coverage for blanket contractual liability, fire damage, premises, personal injury, completed operations, and products liability. Such insurance shall have a combined single limit of not less than One Million Dollars ($1,000,000) per occurrence with at least a Three Million Dollar ($3,000,000) aggregate limit. If the aggregate limit is exhausted, then so long as Tenant satisfies the requirements of Section 12.5 below Tenant shall be deemed to have self-insured all of such risks. If the aggregate limit is exhausted but Tenant does not satisfy the requirements of Section 12.5 below, Tenant shall provide for restoration of the aggregate limit, as reasonably determined by Landlord; (iv) comprehensive automobile liability insurance: a combined single limit of not less than $2,000,000 per occurrence and insuring Tenant against liability for claims arising out of the ownership, maintenance, or use of any owned, hired or non-owned automobiles; (v) "all risk" or "special purpose" property insurance, including without limitation, sprinkler leakage, boiler and machinery comprehensive form, if applicable, covering damage to or loss of any personal property, trade fixtures, inventory, fixtures and equipment located in, on or about the Premises, and in addition, coverage for flood, and business interruption of Tenant, together with, if the property of Tenant's invitees is to be kept in the Premises, warehouser's legal liability or bailee customers insurance for the full replacement cost of the property belonging to invitees and located in the Premises. Such insurance shall be written on a replacement cost basis (without deduction for depreciation) in an amount equal to one hundred percent (100%) of the full replacement value of the aggregate of the items referred to in this subparagraph (v); and (vi) such other insurance as Landlord deems reasonably necessary and prudent or as may otherwise be required by any of Landlord's lenders.

Appears in 2 contracts

Samples: Lease Agreement (Cisco Systems Inc), Lease Agreement (Cisco Systems Inc)

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Types of Insurance. Tenant shall maintain in full force and effect at all times during the Term of this LeaseTerm, at Tenant's ’s sole cost and expense, for the protection of Tenant and Landlord, as their interests may appear, policies of insurance issued by a carrier or carriers with an A.M. Best's rating (or similar publication) of A-:VIII or better reasonably acceptable to Landlord and its lender which afford the following coverages: (i) worker's compensation: statutory limits; (ii) ’s compensation and employer's ’s liability, as required by law, with a minimum limit of $100,000 per employee and $500,000 per occurrence; (iiiii) commercial general liability insurance (occurrence form) providing coverage against any and all claims for bodily injury and property damage occurring in, on or about the Premises arising out of Tenant's ’s and Tenant's ’s Representatives' use and/or or occupancy of the Premises. Such Premises and such insurance shall (a) include coverage for blanket contractual liability, fire damage, premises, personal injury, completed operations, operations and products liability. Such insurance shall , and (b) have a combined single limit of not less than One Two Million Dollars ($1,000,0002,000,000) per occurrence with at least a Three Million Dollar ($3,000,000) aggregate limit. If limit and excess/umbrella insurance in the amount of Three Million Dollars ($3,000,000) (if Tenant has other locations which it owns or leases, the policy shall include an aggregate limit is exhausted, then so long as Tenant satisfies the requirements of Section 12.5 below Tenant shall be deemed to have self-insured all of such risks. If the aggregate limit is exhausted but Tenant does not satisfy the requirements of Section 12.5 below, Tenant shall provide for restoration of the aggregate limit, as reasonably determined by Landlordper location endorsement); (iviii) comprehensive automobile liability insurance: insurance with a combined single limit of not less than at least $2,000,000 1,000,000 per occurrence and insuring Tenant against liability for claims arising out of the ownership, maintenance, or use of any owned, hired or non-company owned automobiles; (viv) "all risk" or "special purpose" property insurance, including without limitation, sprinkler leakage, boiler and machinery comprehensive form, if applicable, covering damage to or loss of any personal property, trade fixtures, inventory, fixtures of Tenant’s Property and equipment the Tenant Improvements (including the Cubicles and Equipment (as defined in Section 35)) located in, on or about the Premises, and in addition, coverage for flood, flood and business interruption of Tenant, together with, if the property of any of Tenant's invitees ’s invitees, vendors or customers is to be kept in the Premises, warehouser's ’s legal liability or bailee customers insurance for the full replacement cost of the property belonging to invitees such parties and located in the Premises. Such insurance shall be written on a replacement cost basis (without deduction for depreciation) in an amount equal to one hundred percent (100%) of the full replacement value of the aggregate of the items referred to in this subparagraph clause (viv); and (viv) such other insurance or higher limits of liability as Landlord deems reasonably necessary and prudent is then customarily required for similar types of buildings within the general vicinity of the Project or as may otherwise be reasonably required by any of Landlord's ’s lenders.

Appears in 2 contracts

Samples: Lease Agreement (GigOptix, Inc.), Lease Agreement (Endwave Corp)

Types of Insurance. Tenant shall maintain in full force and effect at all times during the Term of this Lease, at Tenant's sole cost and expense, for the protection of Tenant and Landlord, as their interests may appear, policies of insurance issued by a carrier or carriers with an A.M. Best's rating (or similar publicationreasonably acceptable to Landlord and its lender(s) of A-:VIII or better which afford the following coverages: (i) worker's compensation: statutory limits; (ii) employer's employees liability, as required by law, with a minimum limit of $100,000 per employee and $500,000 per occurrence; (iii) commercial general liability insurance (occurrence form) providing coverage against any and all claims for bodily injury and property damage occurring in, on or about the Premises arising out of Tenant's and Tenant's Representatives' use and/or occupancy of the Premises. Such insurance shall include coverage for blanket contractual liability, fire damage, premises, personal injury, completed operations, and products liability, personal and advertising, and a plate-glass rider to provide coverage for all glass in, on or about the Premises including, without limitation, skylights. Such insurance shall have a combined single limit linut of not less than One Million Dollars ($1,000,000) per occurrence with at least a Three Two Million Dollar ($3,000,0002,000,000) aggregate limitlimit and excess/umbrella insurance in the amount of Two Million Dollars (S2,000,000). If Tenant has other locations which it owns or leases, the policy shall include an aggregate limit is exhausted, then so long as Tenant satisfies the requirements of Section 12.5 below Tenant shall be deemed to have self-insured all of such risksper location endorsement. If the aggregate limit is exhausted but Tenant does not satisfy the requirements of Section 12.5 belownecessary, as reasonably determined by Landlord, Tenant shall provide for restoration of the aggregate limit, as reasonably determined by Landlord; (iv) comprehensive automobile liability insurance: a combined single limit of not less than $2,000,000 per occurrence and insuring Tenant against liability for claims arising out of the ownership, maintenance, or use of any owned, hired or non-owned automobiles; (v) "all risk" or "special purpose" property insurance, including without limitation, sprinkler leakage, boiler leakage,.boiler and machinery comprehensive form, if applicable, covering damage to or loss of any personal property, trade fixtures, inventory, fixtures and equipment located in, on or about the Premises, and in addition, coverage for flood, earthquake, and business interruption of Tenant, Tenant@ together with, if the property of Tenant's invitees is to be kept in the Premises, warehouser's legal liability or bailee bailoe customers insurance for the full fall replacement cost of the property belonging to invitees and located in the Premises. Such insurance shall be written on a replacement cost basis (without deduction for depreciation) in an amount equal to one hundred percent (100%) of the full replacement value of the aggregate of the items referred to in this subparagraph (v); and (vi) such other insurance as Landlord deems reasonably necessary and prudent or as may otherwise be required by any of Landlord's lenderslenders or joint venture partners.

Appears in 2 contracts

Samples: Lease Agreement (Competitive Companies Inc), Lease Agreement (Third Enterprise Service Group Inc)

Types of Insurance. Tenant shall maintain in full force and effect at all times during the Term of this LeaseTerm, at Tenant's ’s sole cost and expense, for the protection of Tenant and Landlord, as their interests may appear, policies of insurance issued by a carrier or carriers with an A.M. Best's rating (or similar publication) of A-:VIII or better reasonably acceptable to Landlord and its lender which afford the following coverages: (i) worker's compensation: statutory limits; (ii) ’s compensation and employer's ’s liability, as required by law, with a minimum limit of $100,000 per employee and $500,000 per occurrence; (iiiii) commercial general liability insurance (occurrence form) providing coverage against any and all claims for bodily injury and property damage occurring in, on or about the Premises arising out of Tenant's ’s and Tenant's ’s Representatives' use and/or or occupancy of the Premises. Such Premises and such insurance shall (a) include coverage for blanket contractual liability, fire damage, premises, personal injury, completed operations, operations and products liability. Such insurance shall , and (b) have a combined single limit of not less than One Two Million Dollars ($1,000,0002,000,000) per occurrence with at least a Three Million Dollar ($3,000,000) aggregate limit. If limit and excess/umbrella insurance in the amount of Three Million Dollars ($3,000,000) (if Tenant has other locations which it owns or leases, the policy shall include an aggregate limit is exhausted, then so long as Tenant satisfies the requirements of Section 12.5 below Tenant shall be deemed to have self-insured all of such risks. If the aggregate limit is exhausted but Tenant does not satisfy the requirements of Section 12.5 below, Tenant shall provide for restoration of the aggregate limit, as reasonably determined by Landlordper location endorsement); (iviii) comprehensive automobile liability insurance: insurance with a combined single limit of not less than at least $2,000,000 1,000,000 per occurrence and insuring Tenant against liability for claims arising out of the ownership, maintenance, or use of any owned, hired or non-company owned automobiles; (viv) "all risk" or "special purpose" property insurance, including without limitation, sprinkler leakage, boiler and machinery comprehensive form, if applicable, covering damage to or loss of any personal property, trade fixtures, inventory, fixtures of Tenant’s Property and equipment the Tenant Improvements located in, on or about the Premises, and in addition, coverage for flood, earthquake, and business interruption of Tenant, together with, if the property of any of Tenant's invitees ’s invitees, vendors or customers is to be kept in the Premises, warehouser's ’s legal liability or bailee customers insurance for the full replacement cost of the property belonging to invitees such parties and located in the Premises. Such insurance shall be written on a replacement cost basis (without deduction for depreciation) in an amount equal to one hundred percent (100%) of the full replacement value of the aggregate of the items referred to in this subparagraph clause (viv); and (viv) such other insurance or higher limits of liability as Landlord deems reasonably necessary and prudent is then customarily required for similar types of buildings within the general vicinity of the Project or as may otherwise be reasonably required by any of Landlord's ’s lenders.

Appears in 2 contracts

Samples: And Attornment Agreement, Lease Agreement (Restoration Robotics Inc)

Types of Insurance. Tenant shall maintain in full force and effect at all times during the Term of this Lease, at Tenant's ’s sole cost and expense, for the protection of Tenant and Landlord, as their interests may appear, policies of insurance issued by a carrier or carriers with an A.M. Best's rating (or similar publicationreasonably acceptable to Landlord and its lender(s) of A-:VIII or better which afford the following coverages: (i) worker's workers’ compensation: statutory limits; (ii) employer's ’s liability, as required by law, with a minimum limit of $100,000 1,000,000 per employee and $500,000 2,000,000 per occurrence; (iii) commercial general liability insurance (occurrence form) providing coverage against any and all claims for bodily injury and property damage occurring in, on or about the Premises arising out of Tenant's ’s and Tenant's ’s Representatives' use and/or occupancy of the Premises. Such insurance shall include coverage for blanket contractual liability, fire damage, premises, personal injury, completed operations, and products liability, personal and advertising. Such insurance shall have a combined single limit of not less than One Million Dollars ($1,000,000) 5,000,000 per occurrence with at least a Three Million Dollar ($3,000,000) 5,000,000 aggregate limit. If Tenant has other locations which it owns or leases, the policy shall include an aggregate limit is exhaustedper location endorsement if necessary, then so long as Tenant satisfies the requirements of Section 12.5 below Tenant shall be deemed to have self-insured all of such risks. If the aggregate limit is exhausted but Tenant does not satisfy the requirements of Section 12.5 belowreasonably determined by Landlord, Tenant shall provide for restoration of the aggregate limit, as reasonably determined by Landlord; (iv) comprehensive automobile liability insurance: a combined single limit of not less than $2,000,000 1,000,000 per occurrence and insuring Tenant against liability for claims arising out of the ownership, maintenance, or use of any owned, hired or non-owned automobiles; (v) "all risk" or "special purpose" ” Tenant’s property insurance, including without limitation, sprinkler leakage, boiler and machinery comprehensive form, if applicable, covering damage to or loss of any Tenant’s personal property, trade fixtures, inventory, fixtures and equipment located in, on or about the Premises, and in addition, coverage for flood, and business interruption of Tenant, together with, if the property of Tenant's ’s invitees is to be kept in the Premises, warehouser's warehouse’s legal liability or bailee customers insurance for the full replacement cost of the property belonging to invitees and located in the Premises. Such insurance shall be written on a replacement cost basis (without deduction for depreciation) in an amount equal to one hundred percent (100%) of the full replacement value of the aggregate of the items referred to in this subparagraph (v); , and (vi) such other “pollution legal liability” insurance as Landlord deems reasonably necessary and prudent or as may otherwise be required by any with limits of Landlord's lendersnot less than $2,000,000 per occurrence.

Appears in 2 contracts

Samples: Lease Agreement (Renegy Holdings, Inc.), Lease Agreement (Catalytica Energy Systems Inc)

Types of Insurance. Tenant shall maintain in full force and effect at all times during the Term of this Lease, at Tenant's ’s sole cost and expense, for the protection of Tenant and Landlord, as their interests may appear, policies of insurance issued by a carrier or carriers with an A.M. Best's rating (or similar publication) of A-:VIII or better which afford the following coverages: (i) worker's compensation: statutory limits; (ii) ’s compensation and employer's ’s liability, as required by law, with a minimum limit of $100,000 per employee and $500,000 per occurrence; (iiiii) commercial general liability insurance (occurrence form) providing coverage against any and all claims for bodily injury and property damage occurring in, on or about the Premises arising out of Tenant's ’s and Tenant's ’s Representatives' use and/or or occupancy of the Premises. Such insurance shall include coverage for blanket contractual liability, fire damage, premises, personal injury, completed operations, operations and products liability. Such insurance shall have a combined single limit of not less than One Two Million Dollars ($1,000,0002,000,000) per occurrence with at least a Three Million Dollar ($3,000,000) aggregate limit. If limit and excess/umbrella insurance in the aggregate limit is exhausted, then so long as Tenant satisfies the requirements amount of Section 12.5 below Tenant shall be deemed to have self-insured all of such risks. If the aggregate limit is exhausted but Tenant does not satisfy the requirements of Section 12.5 below, Tenant shall provide for restoration of the aggregate limit, as reasonably determined by LandlordThree Million Dollars ($3,000,000); (iviii) comprehensive automobile liability insurance: insurance with a combined single limit of not less than at least $2,000,000 1,000,000 per occurrence and insuring Tenant against liability for claims arising out of the ownership, maintenance, or use of any company owned, hired or and non-owned automobiles; (viv) "all risk" or "special purpose" property insurance, including without limitation, sprinkler leakage, boiler and machinery comprehensive form, if applicable, covering damage to or loss of any personal property, trade fixtures, inventory, fixtures of Tenant’s Property and equipment the Tenant Improvements located in, on or about the Premises, and in addition, coverage for flood, and business interruption of Tenant (and Tenant shall not be obligated to carry flood or earthquake coverage provided Tenant agrees that Landlord shall not be liable for any damage or loss arising from flood or earthquake and Tenant waives and releases Landlord from all Claims arising from or related to Tenant, together with, if the property of Tenant's invitees is ’s failure to be kept in the Premises, warehouser's legal liability carry such flood or bailee customers insurance for the full replacement cost of the property belonging to invitees and located in the Premisesearthquake coverage). Such insurance shall be written on a replacement cost basis (without deduction for depreciation) in an amount equal to one hundred percent (100%) of the full replacement value of the aggregate of the items referred to in this subparagraph clause (viv); and (viv) such other insurance or higher limits of liability as Landlord deems reasonably necessary and prudent is then customarily required for similar types of buildings within the general vicinity of the Project or as may otherwise be reasonably required by any of Landlord's ’s lenders.

Appears in 2 contracts

Samples: Lease Agreement (Nuance Communications), Lease Agreement (Nuance Communications)

Types of Insurance. Tenant shall maintain in full force and effect at all times during the Term of this Lease, at Tenant's sole cost and expense, for the protection of Tenant and Landlord, as their interests may appear, policies of insurance issued by a carrier or carriers with an A.M. Best's rating (or similar publicationreasonably acceptable to Landlord and its lender(s) of A-:VIII or better which afford the following coverages: (i) worker's compensation: statutory limits; (ii) employer's liability, as required by law, with a minimum limit of $100,000 per employee and $500,000 per occurrence; (iii) commercial general liability insurance (occurrence form) providing coverage against any and all claims for bodily injury and property damage occurring in, on or about the Premises arising out of Tenant's and Tenant's Representatives' use and/or occupancy of the Premises. Such insurance shall include coverage for blanket contractual liability, fire damage, premises, personal injury, completed operations, and products liability, personal and advertising, and a plate-glass rider to provide coverage for all glass in, on or about the Premises including, without limitation, skylights. Such insurance shall have a combined single limit of not less than One Million Dollars ($1,000,000) per occurrence with at least a Three Two Million Dollar ($3,000,0002,000,000) aggregate limitlimit and excess/umbrella insurance in the amount of Two Million Dollars ($2,000,000). If Tenant has other locations which it owns or leases, the policy shall include an aggregate limit is exhausted, then so long as Tenant satisfies the requirements of Section 12.5 below Tenant shall be deemed to have self-insured all of such risksper location endorsement. If the aggregate limit is exhausted but Tenant does not satisfy the requirements of Section 12.5 belownecessary, as reasonably determined by Landlord, Tenant shall provide for restoration of the aggregate limit, as reasonably determined by Landlord; (iv) comprehensive automobile liability insurance: a combined single limit of not less than $2,000,000 per occurrence and insuring Tenant against liability for claims arising out of the ownership, maintenance, or use of any owned, hired or non-owned automobiles; (v) "all risk" or "special purpose" property insurance, including without limitation, sprinkler leakage, boiler and machinery comprehensive form, if applicable, covering damage to or loss of any personal property, trade fixtures, inventory, fixtures and equipment located in, on or about the Premises, and in addition, coverage for flood, earthquake, and business interruption of Tenant, together with, if the property of Tenant's invitees is to be kept in the Premises, warehouser's legal liability or bailee customers insurance for the full replacement cost of the property belonging to invitees and located in the Premises. Such insurance shall be written on a replacement cost basis (without deduction for depreciation) in an amount equal to one hundred percent (100%) of the full replacement value of the aggregate of the items referred to in this subparagraph (v); and (vi) such other insurance as Landlord deems reasonably necessary and prudent or as may otherwise be required by any of Landlord's lenderslenders or joint venture partners.

Appears in 2 contracts

Samples: Lease Agreement (Homegrocer Com Inc), Lease Agreement (Interlink Electronics)

Types of Insurance. Tenant shall maintain in full force and effect at all times during the Term of this Lease, at Tenant's sole cost and expense, for the protection of Tenant and Landlord, as their interests may appear, policies of insurance issued by a carrier or carriers with an A.M. Best's rating reasonably acceptable to Landlord and its lender (or similar publication) of A-:VIII or better which afford the following coverages: (i) worker's compensation: statutory limits; (ii) compensation and employer's liability, as required by law, with a minimum limit of $100,000 per employee and $500,000 per occurrence; (iiiii) commercial general liability insurance (occurrence form) providing coverage against any and all claims for bodily injury and property damage occurring in, on or about the Premises arising out of Tenant's and Tenant's Representatives' use and/or or occupancy of the Premises. Such insurance shall include coverage for blanket contractual liability, fire damage, premises, personal injury, completed operations, operations and products liability. Such insurance shall have a combined single limit of not less than One Two Million Dollars ($1,000,0002,000,000) per occurrence with at least a Three Million Dollar ($3,000,000) aggregate limitlimit and excess/umbrella insurance in the amount of Three Million Dollars ($3,000,000). If Tenant has other locations which it owns or leases, the policy shall include an aggregate limit is exhausted, then so long as Tenant satisfies the requirements of Section 12.5 below Tenant shall be deemed to have self-insured all of such risks. If the aggregate limit is exhausted but Tenant does not satisfy the requirements of Section 12.5 below, Tenant shall provide for restoration of the aggregate limit, as reasonably determined by Landlordper location endorsement; (iviii) comprehensive automobile liability insurance: insurance with a combined single limit of not less than at least $2,000,000 1,000,000 per occurrence and insuring Tenant against liability for claims arising out of the ownership, maintenance, or use of any owned, hired or non-company owned automobiles; (viv) "all risk" or "special purpose" property insurance, including without limitation, sprinkler leakage, boiler and machinery comprehensive form, if applicable, covering damage to or loss of any personal property, trade fixtures, inventory, fixtures of Tenant's Property and equipment the Tenant Improvements located in, on or about the Premises, and in addition, coverage for flood, earthquake, and business interruption of Tenant, together with, if the property of any of Tenant's invitees invitees, vendors or customers is to be kept in the Premises, warehouser's legal liability or bailee customers insurance for the full replacement cost of the property belonging to invitees such parties and located in the Premises. Such insurance shall be written on a replacement cost basis (without deduction for depreciation) in an amount equal to one hundred percent (100%) of the full replacement value of the aggregate of the items referred to in this subparagraph clause (viv); and (viv) such other insurance or higher limits of liability as Landlord deems reasonably necessary and prudent is then customarily required for similar types of buildings within the general vicinity of the Project or as may otherwise be reasonably required by any of Landlord's lenders.

Appears in 2 contracts

Samples: Lease Agreement (Abaxis Inc), Lease Agreement (Abaxis Inc)

Types of Insurance. Tenant shall maintain in full force and effect at all times during the Term of this Lease, at Tenant's sole cost and expense, for the protection of Tenant and Landlord, as their interests may appear, policies of insurance issued by a carrier or carriers with an A.M. Best's rating (or similar publicationreasonably acceptable to Landlord and its lender(s) of A-:VIII or better which afford the following coverages: (i) worker's compensation: statutory limits; (ii) employer's liability, as required by law, with a minimum limit of $100,000 per employee and $500,000 per occurrence; (iii) commercial general liability insurance (occurrence form) providing coverage against any and all claims for bodily injury and property damage occurring in, on or about the Premises arising out of Tenant's and Tenant's Representatives' use and/or occupancy of the Premises. Such insurance shall include coverage for blanket contractual liability, legal liability, fire damage, premises, personal injury, completed operations, products liability and products liabilitypersonal and advertising. Such insurance shall have a combined single limit of not less than One Million Dollars ($1,000,000) per occurrence with at least a Three Two Million Dollar ($3,000,0002,000,000) aggregate limitlimit and excess/umbrella insurance in the amount of Two Million Dollars ($2,000,000). If Tenant has other locations which it owns or leases, the policy shall include an aggregate limit is exhausted, then so long as Tenant satisfies the requirements of Section 12.5 below Tenant shall be deemed to have self-insured all of such risksper location endorsement. If the aggregate limit is exhausted but Tenant does not satisfy the requirements of Section 12.5 belownecessary, as reasonably determined by Landlord, Tenant shall provide for restoration of the aggregate limit, as reasonably determined by Landlord; (iv) comprehensive automobile liability insurance: a combined single limit of not less than $2,000,000 per occurrence and insuring Tenant against liability for claims arising out of the ownership, maintenance, or use of any owned, hired or non-owned automobiles; (v) "all risk" or "special purpose" property insurance, including without limitation, sprinkler leakage, boiler and machinery comprehensive form, if applicable, covering damage to or loss of any of Tenant's personal property, trade fixtures, inventory, fixtures and equipment located in, on or about the Premises, and in addition, coverage for flood, and business interruption of Tenant, together with, if the property of Tenant's invitees is to be kept in the Premises, warehouser's legal liability or bailee customers insurance for the full replacement cost of the property belonging to invitees and located in the Premises. Such "all risk" or "special purpose" property insurance shall be written on a replacement cost basis (without deduction for depreciation) in an amount equal to at least one hundred percent (100%) of the full replacement value of the aggregate of the items referred to in this subparagraph (v)items; and (vi) such other insurance or higher limits of liability as Landlord deems reasonably necessary and prudent is then customarily required to be carried for similar types of buildings within the general vicinity of the Park or as may otherwise be reasonably required by any of Landlord's lenders.

Appears in 1 contract

Samples: Lease Agreement (Exodus Communications Inc)

Types of Insurance. Tenant shall maintain in full force and effect at all times during the Term of this Lease, at Tenant's ’s sole cost and expense, for the protection of Tenant and Landlord, as their interests may appear, policies of insurance issued by a carrier or carriers with an A.M. Best's rating reasonably acceptable to Landlord and its lender (or similar publication) of A-:VIII or better which afford the following coverages: (i) worker's compensation: statutory limits; (ii) ’s compensation and employer's ’s liability, as required by law, with a minimum limit of $100,000 per employee and $500,000 per occurrence; (iiiii) commercial general liability insurance (occurrence form) providing coverage against any and all claims for bodily injury and property damage occurring in, on or about the Premises arising out of Tenant's ’s and Tenant's ’s Representatives' use and/or or occupancy of the Premises. Such insurance shall include coverage for blanket contractual liability, fire damage, premises, personal injury, completed operations, operations and products liability. Such insurance shall have a combined single limit of not less than One Million Dollars ($1,000,000) per occurrence with at least a Three Two Million Dollar ($3,000,0002,000,000) aggregate limitlimit and excess/umbrella insurance in the amount of Three Million Dollars ($3,000,000). If Tenant has other locations which it owns or leases, the policy shall include an aggregate limit is exhausted, then so long as Tenant satisfies the requirements of Section 12.5 below Tenant shall be deemed to have self-insured all of such risks. If the aggregate limit is exhausted but Tenant does not satisfy the requirements of Section 12.5 below, Tenant shall provide for restoration of the aggregate limit, as reasonably determined by Landlordper location endorsement; (iviii) comprehensive automobile liability insurance: insurance with a combined single limit of not less than at least $2,000,000 1,000,000 per occurrence and insuring Tenant against liability for claims arising out of the ownership, maintenance, or use of any owned, hired or non-company owned automobiles; (viv) "all risk" or "special purpose" property insurance, including without limitation, sprinkler leakage, boiler and machinery comprehensive form, if applicable, covering damage to or loss of any personal property, trade fixtures, inventory, fixtures of Tenant’s Property and equipment the Tenant Improvements located in, on or about the Premises, and in addition, coverage for flood, earthquake, and business interruption of Tenant, together with, if the property of any of Tenant's invitees ’s invitees, vendors or customers is to be kept in the Premises, warehouser's ’s legal liability or bailee customers insurance for the full replacement cost of the property belonging to invitees such parties and located in the Premises. Such insurance shall be written on a replacement cost basis (without deduction for depreciation) in an amount equal to one hundred percent (100%) of the full replacement value of the aggregate of the items referred to in this subparagraph clause (viv); and (viv) such other insurance or higher limits of liability as Landlord deems reasonably necessary and prudent is then customarily required for similar types of buildings within the general vicinity of the Project or as may otherwise be reasonably required by any of Landlord's ’s lenders.

Appears in 1 contract

Samples: Lease Agreement (Alphasmart Inc)

Types of Insurance. Tenant shall maintain in full force and effect at all times during the Term of this Lease, at Tenant's sole cost and expense, for the protection of Tenant and Landlord, as their interests may appear, policies of insurance issued by a carrier or carriers with an A.M. Best's rating (or similar publicationreasonably acceptable to Landlord and its lender(s) of A-:VIII or better which afford the following coverages: (i) worker's compensation: , statutory limits; , (ii) employer's liability, as required by law, with a minimum limit of $100,000 per employee and $500,000 per occurrence; , (iii) commercial general liability insurance (occurrence form) providing coverage against any and all claims for bodily injury and property damage occurring in, on or about the Premises arising out of Tenant's and Tenant's Representatives' use and/or occupancy of the Premises. Such insurance shall include coverage for blanket contractual liability, fire damage, premises, personal injury, completed operations, and products liability, personal and advertising, and a plate-glass rider to provide coverage for all glass in, on or about the Premises including, without limitation, skylights. Such insurance shall have a combined single limit of not less than One Million Dollars ($1,000,000) per occurrence with at least a Three Two Million Dollar ($3,000,0002,000,000) aggregate limitlimit and excess/umbrella insurance in the amount of Two Million Dollars ($2,000,000). If Tenant has other locations which it owns or leases, the policy shall include an aggregate limit is exhausted, then so long as Tenant satisfies the requirements of Section 12.5 below Tenant shall be deemed to have self-insured all of such risksper location endorsement. If the aggregate limit is exhausted but Tenant does not satisfy the requirements of Section 12.5 belownecessary, as reasonably determined by Landlord, Tenant shall provide for restoration of the aggregate limit, as reasonably determined by Landlord; (iv) comprehensive automobile liability insurance: a combined single limit of not less than $2,000,000 per occurrence and insuring Tenant against liability for claims arising out of the ownership, maintenance, or use of any owned, hired or non-owned automobiles; (v) "all risk" or "special purpose" property insurance, including without limitation, sprinkler leakage, boiler and machinery comprehensive form, if applicable, covering damage to or loss of any personal property, trade fixtures, inventory, fixtures and equipment located in, on or about the Premises, and in addition, coverage for flood, and business interruption of Tenant, together with, if the property of Tenant's invitees is to be kept in the Premises, warehouser's legal liability or bailee customers insurance for the full replacement cost of the property belonging to invitees and located in the Premises. Such insurance shall be written on a replacement cost basis (without deduction for depreciation) in an amount equal to one hundred percent (100%) of the full replacement value of the aggregate of the items referred to in this subparagraph (v); and (vi) such other insurance as Landlord reasonably deems reasonably necessary and prudent or as may otherwise be required by any of Landlord's lenderslenders or joint venture partners.

Appears in 1 contract

Samples: Lease Agreement (Nuance Communications)

Types of Insurance. Tenant shall maintain in full force and effect at all times during the Term of this LeaseTerm, at Tenant's sole cost and expense, for the protection of Tenant and Landlord, as their interests may appear, policies of insurance issued by a carrier or carriers with an A.M. Best's rating (or similar publication) of A-:VIII or better reasonably acceptable to Landlord and its lender which afford the following coverages: (i) worker's compensation: statutory limits; (ii) compensation and employer's liability, as required by law, with a minimum limit of $100,000 per employee and $500,000 per occurrence; (iiiii) commercial general liability insurance (occurrence form) providing coverage against any and all claims for bodily injury and property damage occurring in, on or about the Premises arising out of Tenant's and Tenant's Representatives' use and/or or occupancy of the Premises. Such Premises and such insurance shall (a) include coverage for blanket contractual liability, fire damage, premises, personal injury, completed operations, operations and products liability. Such insurance shall , and (b) have a combined single limit of not less than One Million Dollars ($1,000,000) per occurrence with at least a Three Two Million Dollar ($3,000,0002,000,000) aggregate limit. If limit and excess/umbrella insurance in the amount of Ten Million Dollars ($10,000,000) (if Tenant has other locations which it owns or leases, the policy shall include an aggregate limit is exhausted, then so long as Tenant satisfies the requirements of Section 12.5 below Tenant shall be deemed to have self-insured all of such risks. If the aggregate limit is exhausted but Tenant does not satisfy the requirements of Section 12.5 below, Tenant shall provide for restoration of the aggregate limit, as reasonably determined by Landlordper location endorsement); (iviii) comprehensive automobile liability insurance: insurance with a combined single limit of not less than at least $2,000,000 1,000,000 per occurrence and insuring Tenant against liability for claims arising out of the ownership, maintenance, or use of any owned, hired or non-owned or hired automobiles; (viv) "all risk" or "causes of loss – special purposeform" property insurance, including without limitation, sprinkler leakage, boiler and machinery comprehensive form, if applicable, covering damage to or loss of any personal propertyof Tenant's Property, trade fixtures, inventory, fixtures the Tenant Improvements and equipment any Alterations located in, on or about the Premises, and in addition, coverage for flood, flood (if required by Landlord’s or Tenant’s lender) and business interruption of Tenant, together with, if the property of any of Tenant's invitees invitees, vendors or customers is to be kept in the Premises, warehouser's legal liability or bailee customers insurance for the full replacement cost of the property belonging to invitees such parties and located in the Premises. Such insurance shall be written on a replacement cost basis (without deduction for depreciation) in an amount equal to one hundred percent (100%) of the full replacement value of the aggregate of the items referred to in this subparagraph clause (viv); and (viv) such other insurance as Landlord deems reasonably necessary and prudent is then customarily required for similar types of buildings within the general vicinity of the Project or as may otherwise be reasonably required by any of Landlord's lenders.

Appears in 1 contract

Samples: Lease Agreement (Spansion Inc.)

Types of Insurance. Tenant shall maintain in full force and effect at all times during the Term of this Lease, at Tenant's sole cost and expense, for the protection of Tenant and Landlord, as their interests may appear, policies of insurance issued by a carrier or carriers with an A.M. Best's rating (or similar publicationreasonably acceptable to Landlord and its lender(s) of A-:VIII or better which afford the following coverages: (i) worker's compensation: statutory limits; (ii) employer's liability, as required by law, with a minimum limit of $100,000 per employee and $500,000 per occurrence; (iii) commercial general liability insurance (occurrence form) providing coverage against any and all claims for bodily injury and property damage occurring in, on or about the Premises arising out of Tenant's and Tenant's Representatives' use and/or occupancy of the Premises. Such insurance shall include coverage for blanket contractual liability, fire damage, premises, personal injury, completed operations, and products liability, personal and advertising, and a plate-glass rider to provide coverage for all glass in, on or about the Premises including, without limitation, skylights. Such insurance shall have a combined single limit of not less than One Million Dollars ($1,000,000) per occurrence with at least a Three Two Million Dollar ($3,000,0002,000,000) aggregate limitlimit and excess/umbrella insurance in the amount of Two Million Dollars ($2,000,000). If Tenant has other locations which it owns or leases, the policy shall include an aggregate limit is exhausted, then so long as Tenant satisfies the requirements of Section 12.5 below Tenant shall be deemed to have self-insured all of such risksper location endorsement. If the aggregate limit is exhausted but Tenant does not satisfy the requirements of Section 12.5 belownecessary, as reasonably determined by Landlord, Tenant shall provide for restoration of the aggregate limit, as reasonably determined by Landlord; (iv) comprehensive automobile liability insurance: a combined single limit of not less than $2,000,000 1,000,000 per occurrence (with a $2,000,000 excess umbrella) and insuring Tenant against liability for claims arising out of the ownership, maintenance, or use of any owned, hired or non-owned nonowned automobiles; (v) "all risk" or "special purposeform" property insurance, including without limitation, sprinkler leakage, boiler and machinery comprehensive form, if applicable, covering damage to or loss of any personal property, trade fixtures, inventory, fixtures and equipment located in, on or about the Premises, and in addition, coverage for flood, and business interruption of Tenantearthquake, together with, if the property of Tenant's invitees is to be kept in the Premises, warehouser's legal liability or bailee customers insurance for the full replacement cost of the property belonging to invitees and located in the Premises. Such insurance shall be written on a replacement cost basis (without deduction for depreciation) in an amount equal to one hundred percent (100%) of the full replacement value of the aggregate of the items referred to in this subparagraph (v); and , (vi) such other property insurance as Landlord deems reasonably necessary insuring the building and prudent or as may otherwise be required improvements for perils covered by any the causes of Landlord's lenders.loss - special form (all risk) and in addition

Appears in 1 contract

Samples: Lease Agreement (New Ico Global Communications Holdings LTD)

Types of Insurance. Tenant shall maintain in full force and effect at all times during the Term of this Lease, at Tenant's ’s sole cost and expense, for the protection of Tenant and Landlord, as their interests may appear, policies of insurance issued by a carrier or carriers with an A.M. Best's rating (or similar publicationreasonably acceptable to Landlord and its lender(s) of A-:VIII or better which afford the following coverages: (i) worker's ’s compensation: statutory limits; (ii) employer's ’s liability, as required by law, with a minimum limit of $100,000 per employee and $500,000 per occurrence; (iii) commercial general liability insurance (occurrence form) providing coverage against any and all claims for bodily injury and property damage occurring in, on or about the Premises arising out of Tenant's ’s and Tenant's ’s Representatives' use and/or occupancy of the Premises. Such insurance shall include coverage for blanket contractual liability, fire damage, premises, personal injury, completed operations, and products liability, personal and advertising. Such insurance shall have a combined single limit of not less than One Million Dollars ($1,000,000) per occurrence with at least a Three Two Million Dollar ($3,000,0002,000,000) aggregate limitlimit and excess/umbrella insurance in the amount of Two Million Dollars ($2,000,000). If Tenant has other locations which it owns or leases, the policy shall include an aggregate limit is exhausted, then so long as Tenant satisfies the requirements of Section 12.5 below Tenant shall be deemed to have self-insured all of such risksper location endorsement. If the aggregate limit is exhausted but Tenant does not satisfy the requirements of Section 12.5 belownecessary, as reasonably determined by Landlord, Tenant shall provide for restoration of the aggregate limit, as reasonably determined by Landlord; (iv) comprehensive automobile liability insurance: a combined single limit of not less than $2,000,000 per occurrence and insuring Tenant against liability for claims arising out of the ownership, maintenance, or use of any owned, hired or non-owned automobiles; and (v) "all risk" or "special purpose" form” property insurance, including without limitation, sprinkler leakage, boiler and machinery comprehensive form, if applicable, covering damage to or loss of any personal property, trade fixtures, inventory, fixtures and equipment located in, on or about the Premises, and in addition, coverage for flood, and business interruption of Tenant, together with, if the property of Tenant's ’s invitees is to be kept in the Premises, warehouser's ’s legal liability or bailee customers insurance for the full replacement cost of the property belonging to invitees and located in the Premises. Such insurance shall be written on a replacement cost basis (without deduction for depreciation) in an amount equal to one hundred percent (100%) of the full replacement value of the aggregate of the items referred to in this subparagraph (v); and (vi) such other insurance as Landlord deems reasonably necessary and prudent or or, if then customarily required for similar types of buildings within the general vicinity of the Park, as may otherwise be required by any of Landlord's lenders’s lenders or joint venture partners.

Appears in 1 contract

Samples: Lease Agreement (Synplicity Inc)

Types of Insurance. Tenant shall maintain in full force and effect at all times during the Term of this LeaseLease from and after the date Tenant enters the Premises, at Tenant's ’s sole cost and expense, for the protection of Tenant and Landlord, as their interests may appear, policies of insurance issued by a carrier or carriers with an A.M. Best's rating reasonably acceptable to Landlord and its lender (or similar publication) of A-:VIII or better which afford the following coverages: (i) worker's compensation: statutory limits; (ii) ’s compensation and employer's ’s liability, as required by law, with a minimum limit of $100,000 per employee ; and $500,000 per occurrence; (iiiii) commercial general liability insurance (occurrence form) providing coverage against any and all claims for bodily injury and property damage occurring in, on or about the Premises arising out of Tenant's ’s and Tenant's ’s Representatives' use and/or or occupancy of the PremisesPremises and/or Project. Such insurance under (ii) above shall include coverage for blanket contractual liability, fire damage, premises, personal injury, completed operations, operations and products liability. Such insurance shall have a combined single limit of not less than One Million Dollars ($1,000,000) per occurrence with at least a Three Two Million Dollar ($3,000,0002,000,000.00) aggregate limitlimit and excess/umbrella insurance in the amount of Twenty Million Dollars ($20,000,000.00). If In addition to the aggregate limit is exhaustedforegoing, then so long as at all times during the Term after Tenant satisfies enters the requirements of Section 12.5 below Tenant shall be deemed to have self-insured all of such risks. If the aggregate limit is exhausted but Tenant does not satisfy the requirements of Section 12.5 belowPremises, Tenant shall provide for restoration of the aggregate limit, as reasonably determined by Landlord; maintain (iva) comprehensive automobile liability insurance: insurance with a combined single limit of not less than at least One Million Dollars ($2,000,000 1,000,000) per occurrence and insuring Tenant against liability for claims arising out of the ownership, maintenance, or use of any owned, hired or non-company owned automobiles; and (vb) "all risk" or "“cause of loss – special purpose" form property insurance, including without limitation, sprinkler leakage, boiler and machinery comprehensive form, if applicable, covering damage to or loss of any personal property, trade fixtures, inventory, fixtures of Tenant’s Property and equipment the Tenant Improvements and Alterations located in, on or about the Premises, and in addition, coverage for flood, and business interruption of Tenant, together with, if the property of Tenant's invitees is to be kept in the Premises, warehouser's legal liability or bailee customers insurance for the full replacement cost of the property belonging to invitees and located in the Premises. Such Tenant (such insurance shall be written on a replacement cost basis (without deduction for depreciation) in an amount equal to one hundred percent (100%) of the full replacement value of the aggregate of the items referred to in this clause (b); provided that Tenant shall not be required to maintain such coverage’s described in this subparagraph (vb) until after the Delivery Date); and . Also in addition to the foregoing, Tenant shall self-insure for personal injury coverage, so long as Tenant has a minimum net worth of at least One Hundred Million Dollars (vi) such other insurance as Landlord deems reasonably necessary and prudent or as may otherwise be $100,000,000.00). Finally, if required by any Landlord’s lender, Landlord may require increased property or casualty liability amounts if similar prudent landlords require such coverage in the Silicon Valley, California area and same is available at commercially reasonable rates; provided that if Tenant cannot provide such additional insurance, Landlord shall have the right, but not the obligation, to maintain same, and xxxx the cost of Landlord's lenderssame to Tenant as Operating Expenses.

Appears in 1 contract

Samples: Lease Agreement (Linkedin Corp)

Types of Insurance. Tenant shall maintain in full force and effect at all times during the Term of this Lease, at Tenant's sole cost and expense, for the protection of Tenant and Landlord, as their interests may appear, policies of insurance issued by a carrier or carriers with an A.M. Best's rating reasonably acceptable to Landlord and its lender (or similar publication) of A-:VIII or better which afford the following coverages: (i) worker's compensation: statutory limits; (ii) compensation and employer's liability, as required by law, with a minimum limit of $100,000 per employee and $500,000 per occurrence; (iiiii) commercial general liability insurance (occurrence form) providing coverage against any and all claims for bodily injury and property damage occurring in, on or about the Premises (and Tenant’s operations on the Premises) or arising out of Tenant's and or any of Tenant's Representatives' use and/or of the Land, Common Areas, Building or Project or use or occupancy of the Premises. Such insurance shall include coverage for blanket contractual liability, fire damage, premises, personal injury, completed operations, operations and products liability. Such insurance shall have a combined single limit of not less than One Two Million Dollars ($1,000,0002,000,000) per occurrence with at least a Three Five Million Dollar ($3,000,0005,000,000) aggregate limitlimit and excess/umbrella insurance in the amount of Three Million Dollars ($3,000,000). If Tenant has other locations which it owns or leases, the policy shall include an aggregate limit is exhausted, then so long as Tenant satisfies the requirements of Section 12.5 below Tenant shall be deemed to have self-insured all of such risks. If the aggregate limit is exhausted but Tenant does not satisfy the requirements of Section 12.5 below, Tenant shall provide for restoration of the aggregate limit, as reasonably determined by Landlordper location endorsement; (iviii) comprehensive automobile liability insurance: insurance with a combined single limit of not less than at least $2,000,000 1,000,000 per occurrence and insuring Tenant against liability for claims arising out of the ownership, maintenance, or use of any owned, hired or non-company owned automobiles; (viv) "all risk" or "special purpose" property insurance, including without limitation, sprinkler leakage, boiler and machinery comprehensive form, if applicable, covering damage to or loss of any personal property, trade fixtures, inventory, fixtures of Tenant's Property and equipment the Tenant Improvements located in, on or about the Premises, and in addition, coverage for flood, earthquake, and business interruption of Tenant, together with, if the property of any of Tenant's invitees invitees, vendors or customers is to be kept in the Premises, warehouser's legal liability or bailee customers insurance for the full replacement cost of the property belonging to invitees such parties and located in the Premises. Such insurance shall be written on a replacement cost basis (without deduction for depreciation) in an amount equal to one hundred percent (100%) of the full replacement value of the aggregate of the items referred to in this subparagraph clause (viv); and (viv) such other insurance or higher limits of liability as Landlord deems reasonably necessary and prudent is then customarily required for similar types of buildings within the general vicinity of the Project or as may otherwise be reasonably required by any of Landlord's lenders. The minimum limits of such insurance specified above are the minimum amounts required by Landlord, and may be revised by Landlord from time to time to meet changed circumstances including, without limitation, changes consistent with the standards required by other landlords in the County in which the Project is located.

Appears in 1 contract

Samples: Lease Agreement (SolarJuice Co., Ltd.)

Types of Insurance. Tenant shall maintain in full force and effect at all times during the Term of this Lease, at Tenant's ’s sole cost and expense, for the protection of Tenant and LandlordLandlord (as an additional insured), as their interests may appear, policies of insurance issued by a carrier or carriers with an A.M. Best's rating (or similar publication) of A-:VIII or better reasonably acceptable to Landlord and its lender which afford the following coverages: (i) worker's compensation: statutory limits; (ii) ’s compensation and employer's ’s liability, as required by law, with a minimum limit of $100,000 per employee and $500,000 per occurrence; (iiiii) commercial general liability insurance (occurrence form) providing coverage against any and all claims for bodily injury and property damage occurring in, on or about the Premises arising out of Tenant's ’s and Tenant's ’s Representatives' use and/or or occupancy of the Premises. Such insurance shall include coverage for blanket contractual liability, fire damage, premises, personal injury, completed operations, operations and products liability. Such insurance shall have a combined single limit of not less than One Million Dollars ($1,000,000) per occurrence with at least a Three Two Million Dollar ($3,000,0002,000,000) aggregate limitlimit and excess/umbrella insurance in the amount of One Million Dollars ($1,000,000). If Tenant has other locations which it owns or leases, the policy shall include an aggregate limit is exhaustedper location; endorsement, then so long as Tenant satisfies the requirements of Section 12.5 below Tenant shall be deemed to have self-insured all of such risks. If the aggregate limit is exhausted but Tenant does not satisfy the requirements of Section 12.5 below, Tenant shall provide for restoration of the aggregate limit, as reasonably determined by Landlord; (iviii) comprehensive automobile liability insurance: insurance with a combined single limit of not less than at least $2,000,000 per occurrence and insuring Tenant against liability for claims arising out of the ownership, maintenance, or use of any owned, hired or non-company owned automobiles; (viv) "all risk" or "special purpose" property insurance, including without limitation, sprinkler leakage, boiler and machinery comprehensive form, if applicable, covering damage to or loss of any personal property, trade fixtures, inventory, fixtures and equipment of Tenant’s Property any tenant improvements (other than the Tenant Improvements defined in Exhibit B) located in, on or about the Premises, and in addition, coverage for flood, and business interruption of Tenant, together with, if the property of any of Tenant's invitees ’s invitees, vendors or customers is to be kept in the Premises, warehouser's ’s legal liability or bailee customers insurance for the full replacement cost of the property belonging to invitees such parties and located in the Premises. Such insurance shall be written on a replacement cost basis (without deduction for depreciation) in an amount equal to one hundred percent (100%) of the full replacement value of the aggregate of the items referred to in this subparagraph clause (viv); and (viv) such other insurance as Landlord deems reasonably necessary and prudent or higher limits of liability as may otherwise be reasonably required by any of Landlord's ’s lenders.

Appears in 1 contract

Samples: Lease Agreement (Ruckus Wireless Inc)

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Types of Insurance. Tenant shall maintain in full force and effect at all times during the Term of this LeaseTerm, at Tenant's ’s sole cost and expense, for the protection of Tenant and Landlord, as their interests may appear, policies of insurance issued by a carrier or carriers with an A.M. Best's rating (or similar publication) of A-:VIII or better reasonably acceptable to Landlord and its lender which afford the following coverages: (i) worker's compensation: statutory limits; (ii) ’s compensation and employer's ’s liability, as required by law, with a minimum limit of $100,000 per employee and $500,000 per occurrence; (iiiii) commercial general liability insurance (occurrence form) providing coverage against any and all claims for bodily injury and property damage occurring in, on or about the Premises arising out of Tenant's ’s and Tenant's ’s Representatives' use and/or or occupancy of the Premises. Such Premises and such insurance shall (a) include coverage for blanket contractual liability, fire damage, premises, personal injury, completed operations, operations and products liability. Such insurance shall , and (b) have a combined single limit of not less than One Two Million Dollars ($1,000,0002,000,000) per occurrence with at least a Three Million Dollar ($3,000,000) aggregate limit. If limit and excess/umbrella insurance in the aggregate limit is exhausted, then so long as Tenant satisfies the requirements amount of Section 12.5 below Tenant shall be deemed to have self-insured all of such risks. If the aggregate limit is exhausted but Tenant does not satisfy the requirements of Section 12.5 below, Tenant shall provide for restoration of the aggregate limit, as reasonably determined by LandlordFive Million Dollars ($5,000,000); (iviii) comprehensive automobile liability insurance: insurance with a combined single limit of not less than at least $2,000,000 1,000,000 per occurrence and insuring Tenant against liability for claims arising out of the ownership, maintenance, or use of any owned, hired or non-owned or hired automobiles; (viv) "all risk" or "“causes of loss – special purpose" form” property insurance, including without limitationincluding, sprinkler leakage, boiler and machinery comprehensive form, if applicable, covering damage to or loss of any personal property, trade fixtures, inventory, fixtures of Tenant’s Property and equipment the Tenant Improvements located in, on or about the Premises, and in addition, coverage for flood, and business interruption of Tenant, together with, if the property of any of Tenant's invitees ’s invitees, vendors or customers is to be kept in the Premises, warehouser's ’s legal liability or bailee customers insurance for the full replacement cost of the property belonging to invitees such parties and located in the Premises. Such insurance shall be written on a replacement cost basis (without deduction for depreciation) in an amount equal to one hundred percent (100%) of the full replacement value of the aggregate of the items referred to in this subparagraph clause (viv); and (viv) such other insurance or higher limits of liability as Landlord deems reasonably necessary and prudent is then customarily required for similar types of buildings within the general vicinity of the Project or as may otherwise be reasonably required by any of Landlord's ’s lenders.

Appears in 1 contract

Samples: Lease Agreement (Meru Networks Inc)

Types of Insurance. Tenant shall maintain in full force and effect at all times during the Term of this Lease, at Tenant's sole cost and expense, for the protection of Tenant and Landlord, as their interests may appear, policies of insurance issued by a carrier or carriers with an A.M. Best's rating (or similar publicationreasonably acceptable to Landlord and its lender(s) of A-:VIII or better which afford the following coverages: (i) worker's compensation: statutory limits; (ii) employer's liability, as required by law, with a minimum limit of $100,000 per employee and $500,000 per occurrence; (iii) commercial general liability insurance (occurrence form) providing coverage against any and all claims for bodily injury and property damage occurring in, on or about the Premises arising out of Tenant's and Tenant's Representatives' use and/or occupancy of the Premises. Such insurance shall include coverage for blanket contractual liability, fire damage, premises, personal injury, completed operations, and products liability, personal and advertising, and a plate-glass rider to provide coverage for all glass in, on or about the Premises including, without limitation, skylights. Such insurance shall have a combined single limit of not less than One Million Dollars ($1,000,000) per occurrence with at least a Three Two Million Dollar ($3,000,0002,000,000) aggregate limitlimit and excess/umbrella insurance in the amount of Two Million Dollars ($2,000,000). If Tenant has other locations which it owns or leases, the policy shall include an aggregate limit is exhausted, then so long as Tenant satisfies the requirements of Section 12.5 below Tenant shall be deemed to have self-insured all of such risksper location endorsement. If the aggregate limit is exhausted but Tenant does not satisfy the requirements of Section 12.5 belownecessary, as reasonably determined by Landlord, Tenant shall provide for restoration of the aggregate limit, as reasonably determined by Landlord; (iv) comprehensive automobile liability insurance: a combined single limit of not less than $2,000,000 per occurrence and insuring Tenant against liability for claims arising out of the ownership, maintenance, or use of any owned, hired or non-non- owned automobiles; (v) "all risk" or "special purpose" property insurance, including without limitation, sprinkler leakage, boiler and machinery comprehensive form, if applicable, covering damage to or loss of any personal property, trade fixtures, inventory, fixtures and equipment located in, on or about the Premises, and in addition, coverage for flood, and business interruption of Tenant, together with, if the property of Tenant's invitees is to be kept in the Premises, warehouser's legal liability or bailee customers insurance for the full replacement cost of the property belonging to invitees and located in the Premises. Such insurance shall be written on a replacement cost basis (without deduction for depreciation) in an amount equal to one hundred percent (100%) of the full replacement value of the aggregate of the items referred to in this subparagraph (v); and (vi) such other insurance as Landlord deems reasonably necessary and prudent or as may otherwise be required by any of Landlord's lenderslenders or joint venture partners.

Appears in 1 contract

Samples: Lease Agreement (Ditech Corp)

Types of Insurance. Tenant shall maintain in full force and effect at all times during the Term of this Lease, at Tenant's sole cost and expense, for the protection of Tenant and Landlord, as their interests may appear, policies of insurance issued by a carrier or carriers with an A.M. Best's rating (or similar publicationreasonably acceptable to Landlord and its lender(s) of A-:VIII or better which afford the following coverages: (iI) worker's compensation: statutory limits; (ii) employer's liability, as required by law, with a minimum limit of $100,000 per employee and $500,000 per occurrence; (iii) commercial general liability insurance (occurrence form) providing coverage against any and all claims for bodily injury and property damage occurring in, on or about the Premises arising out of Tenant's and Tenant's Representatives' use and/or occupancy of the Premises. Such insurance shall include coverage for blanket contractual liability, fire damage, premises, personal injury, completed operations, and products liability, personal and advertising. Such insurance shall have a combined single limit of not less than One Million Dollars ($1,000,000) per occurrence with at least a Three Two Million Dollar ($3,000,0002,000,000) aggregate limitlimit and excess/umbrella insurance in the amount of Two Million Dollars ($2,000,000). If Tenant has other locations which it owns or leases, the policy shall include an aggregate limit is exhausted, then so long as Tenant satisfies the requirements of Section 12.5 below Tenant shall be deemed to have self-insured all of such risksper location endorsement. If the aggregate limit is exhausted but Tenant does not satisfy the requirements of Section 12.5 belownecessary, as reasonably determined by Landlord, Tenant shall provide for restoration of the aggregate limit, as reasonably determined by Landlord; (iv) comprehensive automobile liability insurance: a combined single limit of not less than $2,000,000 per occurrence and insuring Tenant against liability for claims arising out of the ownership, maintenance, or use of any owned, hired or non-owned automobiles; (v) "all risk" or "special purpose" property insurance, including without limitation, sprinkler leakage, boiler and machinery comprehensive form, if applicable, covering damage to or loss of any personal property, trade fixtures, inventory, fixtures and equipment located in, on or about the Premises, and in addition, coverage for flood, earthquake, and business interruption of Tenant, together with, if the property of Tenant's invitees is to be kept in the Premises, warehouser's legal liability or bailee customers insurance for the full replacement cost of the property belonging to invitees and located in the Premises. Such insurance shall be written on a replacement cost basis (without deduction for depreciation) in an amount equal to one hundred percent (100%) of the full replacement value of the aggregate of the items referred to in this subparagraph (v); and (vi) such other insurance as Landlord deems reasonably necessary and prudent or as may otherwise be required by any of Landlord's lenderslenders or joint venture partners.

Appears in 1 contract

Samples: Lease Agreement (Jabil Circuit Inc)

Types of Insurance. Tenant shall maintain in full force and effect at all times during the Term of this Lease, at Tenant's sole cost and expense, for the protection of Tenant and Landlord, as their interests may appear, policies of insurance issued by a carrier or carriers with an A.M. Best's rating (or similar publicationreasonably acceptable to Landlord and its lender(s) of A-:VIII or better which afford the following coverages: (i) worker's compensation: statutory limits; (ii) employer's liability, as required by law, with a minimum limit of $100,000 per employee and $500,000 per occurrence; (iii) commercial general liability insurance (occurrence form) providing coverage against any and all claims for bodily injury and property damage occurring in, on or about the Premises arising out of Tenant's and Tenant's Representatives' use and/or occupancy of the Premises. Such insurance shall include coverage for blanket contractual liability, fire damage, premises, personal injury, completed operations, and products liability, personal and advertising, and a plate-glass rider to provide coverage for all glass in, on or about the Premises including, without limitation, skylights. Such insurance shall have a combined single limit of not less than One Million Dollars ($1,000,000) per occurrence with at least a Three Two Million Dollar ($3,000,0002,000,000) aggregate limitlimit and excess/umbrella insurance in the amount of Two Million Dollars ($2,000,000). If Tenant has other locations which it owns or leases, the policy shall include an aggregate limit is exhausted, then so long as Tenant satisfies the requirements of Section 12.5 below Tenant shall be deemed to have self-insured all of such risksper location endorsement. If the aggregate limit is exhausted but Tenant does not satisfy the requirements of Section 12.5 belownecessary, as reasonably determined by Landlord, Tenant shall provide for restoration of the aggregate limit, as reasonably determined by Landlord; (iv) comprehensive automobile liability insurance: a combined single limit of not less than $2,000,000 per occurrence and insuring Tenant against liability for claims arising out of the ownership, maintenance, or use of any owned, hired or non-owned automobiles; (v) "all risk" or "special purpose" property insurance, including without limitation, sprinkler leakage, boiler and machinery comprehensive form, if applicable, covering damage to or loss of any personal property, trade fixtures, inventory, fixtures and equipment located in, on or about the Premises, and in addition, coverage for flood, and business interruption of Tenant, together with, if the property of Tenant's invitees is to be kept in the Premises, warehouser's legal liability or bailee customers insurance for the full replacement cost of the property belonging to invitees and located in the Premises. Such insurance shall be written on a replacement cost basis (without deduction for depreciation) in an amount equal to one hundred not less than ninety percent (10090%) of the full replacement value of the aggregate of the items referred to in this subparagraph (v); (vi) flood and earthquake insurance on a replacement cost basis (without deduction for depreciation) in an amount not less than ninety percent (90%) of the full replacement value of the following: Tenant's inventory; Tenant's food preparation systems and all equipment and fixtures relating thereto; Tenant's refrigerated food storage rooms, including without limitation, portable metal panel systems, partition walls and ceilings, and plumbing, mechanical and electrical systems relating thereto; (such flood and earthquake insurance shall specifically exclude Tenant's automated material handling system and equipment, together with all related computer hardware and software, as such material handling system and equipment is contemplated in Tenant's Initial Alterations or as additional material handling systems and equipment shall be acquired and located in the Premises at any time during the term of this Lease). Tenant shall also maintain earthquake sprinkler leakage coverage on all of Tenant's personal property, trade fixtures, inventory, fixtures and equipment located in, on or about the Premises, including without limitation, all of Tenant's Initial Alterations; and (vivii) such other insurance or higher limits of liability as Landlord deems reasonably necessary and prudent is then customarily required to be carried for similar types of buildings within the general vicinity of the Premises or as may otherwise be reasonably required by any of Landlord's lenders.

Appears in 1 contract

Samples: Lease Agreement (Webvan Group Inc)

Types of Insurance. Tenant shall maintain in full force and effect at all times during the Term of this Lease, at Tenant's sole cost and expense, for the protection of Tenant and Landlord, as their interests interest may appear, policies of insurance issued by a carrier or carriers with an A.M. Best's rating (or similar publicationreasonably acceptable to Landlord and its lender(s) of A-:VIII or better which afford the following coverages: coverage (i) worker's compensation: statutory limits; (ii) employer's liability, as required by law, with a minimum limit of $100,000 per employee and $500,000 per occurrence; (iii) commercial general liability insurance (occurrence form) providing coverage against any and all claims for bodily injury and property damage occurring in, on or about the Premises arising out of Tenant's and Tenant's Representatives' use and/or occupancy of the Premises. Such insurance shall include coverage for blanket contractual liability, fire damage, premises, personal injury, completed operations, and products liability, personal and advertising, and a plate-glass rider to provide coverage for all glass in, on or about the Premises including, without limitation, skylights. Such insurance shall have a combined single limit of not less than One Million Dollars ($1,000,000) per occurrence with at least a Three Two Million Dollar ($3,000,0002,000,000) aggregate limitlimit and excess/umbrella insurance in the amount of Two Million Dollars ($2,000,000). If Tenants has other locations which it owns or leases, the policy shall include an aggregate limit is exhausted, then so long as Tenant satisfies the requirements of Section 12.5 below Tenant shall be deemed to have self-insured all of such risksper location endorsement. If the aggregate limit is exhausted but Tenant does not satisfy the requirements of Section 12.5 belownecessary, as reasonably determined by Landlord, Tenant shall provide for restoration of the aggregate limit, as reasonably determined by Landlord; (iv) comprehensive automobile liability insurance: a combined single limit of not less than $2,000,000 per occurrence and insuring Tenant against liability for claims arising out of the ownership, maintenance, or use of any owned, hired or non-owned automobiles; (v) "all risk" or "special purpose" property insuranceassurance, including without limitationlimitation , sprinkler sprinkle leakage, boiler and machinery comprehensive form, if applicable, covering damage to or loss of any personal property, trade fixtures, inventory, fixtures and equipment located in, in on or about the Premises, and in addition, coverage for flood, earthquake, and business interruption of Tenant, together withwith , if the property of Tenant's invitees is to be kept in the Premises, warehouser's legal liability or bailee customers customer insurance for the full replacement cost of the property belonging to invitees and located in the Premises. Such insurance shall be written on a replacement cost basis (without deduction for depreciation) in an amount equal to one hundred percent (100%) of the full replacement value of the aggregate of the items referred to in this subparagraph (v); and (vi) such other insurance as Landlord deems reasonably necessary and prudent or as may otherwise be required by any of Landlord's lenderslenders or joint venture partners.

Appears in 1 contract

Samples: Lease Agreement (Infiniti Solutions LTD)

Types of Insurance. Tenant shall maintain in full force and effect at all times during the Term of this Lease, at Tenant's ’s sole cost and expense, for the protection of Tenant and Landlord, as their interests may appear, policies of insurance issued by a carrier or carriers with an A.M. Best's rating reasonably acceptable to Landlord and its lender (or similar publication) of A-:VIII or better which afford the following coverages: (i) worker's compensation: statutory limits; (ii) ’s compensation and employer's ’s liability, as required by law, with a minimum limit of $100,000 per employee and $500,000 per occurrence; (iiiii) commercial general liability insurance (occurrence form) providing coverage against any and all claims for bodily injury and property damage occurring in, on or about the Premises arising out of Tenant's ’s and Tenant's ’s Representatives' use and/or or occupancy of the Premises. Such insurance shall include coverage for blanket contractual liability, fire damage, premises, personal injury, completed operations, operations and products liability. Such insurance shall have a combined single limit of not less than One Two Million Dollars ($1,000,0002,000,000) per occurrence with at least a Three Million Dollar ($3,000,000) aggregate limitlimit and excess/umbrella insurance in the amount of Three Million Dollars ($3,000,000). If Tenant has other locations which it owns or leases, the policy shall include an aggregate limit is exhausted, then so long as Tenant satisfies the requirements of Section 12.5 below Tenant shall be deemed to have self-insured all of such risks. If the aggregate limit is exhausted but Tenant does not satisfy the requirements of Section 12.5 below, Tenant shall provide for restoration of the aggregate limit, as reasonably determined by Landlordper location endorsement; (iviii) comprehensive automobile liability insurance: insurance with a combined single limit of not less than at least $2,000,000 1,000,000 per occurrence and insuring Tenant against liability for claims arising out of the ownership, maintenance, or use of any owned, hired or non-company owned automobiles; (viv) "all risk" or "special purpose" property insurance, including without limitation, sprinkler leakage, boiler and machinery comprehensive form, if applicable, covering damage to or loss of any personal property, trade fixtures, inventory, fixtures of Tenant’s Property and equipment any Alterations located in, on or about the Premises, and in addition, coverage for floodearthquake, and business interruption of Tenant, together with, if the property properly of any of Tenant's invitees ’s invitees, vendors or customers is to be kept in the Premises, warehouser's warehouse’s legal liability or bailee customers insurance for the full replacement cost of the property belonging to invitees such parties and located in the Premises. Such insurance shall be written on a replacement cost at basis (without deduction for depreciation) in an amount equal to one hundred percent (100%) of the full replacement value of the aggregate of the items referred to in this subparagraph clause (viv); and (viv) such other insurance or higher limits of liability as Landlord deems reasonably necessary and prudent is then customarily required for similar types of buildings within the general vicinity of the Project or as may otherwise be reasonably required by any of Landlord's ’s lenders.

Appears in 1 contract

Samples: Lease Agreement (Conor Medsystems Inc)

Types of Insurance. Tenant shall maintain in full force and effect at all times during the Term of this Lease, at Tenant's sole cost and expense, for the protection of Tenant and Landlord, as their interests may appear, policies of insurance issued by a carrier or carriers with an A.M. Best's rating reasonably acceptable to Landlord and its lender (or similar publication) of A-:VIII or better which afford the following coveragescoverage's: (i) worker's compensation: statutory limits; (ii) compensation and employer's liability, as required by law, with a minimum limit of $100,000 per employee and $500,000 per occurrence; (iiiii) commercial general liability insurance (occurrence form) providing coverage against any and all claims for bodily injury and property damage occurring in, on or about the Premises arising out of Tenant's and Tenant's Representatives' use and/or or occupancy of the Premises. Such insurance shall include coverage for blanket contractual liability, fire damage, premises, personal injury, completed operations, operations and products liability. Such insurance shall have a combined single limit of not less than One Two Million Dollars ($1,000,0002,000,000) per occurrence with at least a Three Million Dollar ($3,000,000) aggregate limitlimit and excess/umbrella insurance in the amount of Three Million Dollars ($3,000,000). If Tenant has other locations which it owns or leases, the policy shall include an aggregate limit is exhaustedper location endorsement, then so long as Tenant satisfies the requirements of Section 12.5 below Tenant shall be deemed to have self-insured all of such risks. If the aggregate limit is exhausted but Tenant does not satisfy the requirements of Section 12.5 below, Tenant shall provide for restoration of the aggregate limit, as reasonably determined by Landlord; (iviii) comprehensive automobile liability insurance: insurance with a combined single limit of not less than at least $2,000,000 1,000,000 per occurrence and insuring Tenant against liability for claims arising out of the ownership, maintenance, or use of any owned, hired or non-company owned automobiles; (viv) "all risk" or "special purpose" property insurance, including without limitation, sprinkler leakage, boiler and machinery comprehensive form, if applicable, covering damage to or loss of any personal property, trade fixtures, inventory, fixtures of Tenant's Property and equipment the Tenant Improvements located in, on or about the Premises, and in addition, coverage for flood, and business interruption of Tenant, together with, if the property of any of Tenant's invitees invitees, vendors or customers is to be kept in the Premises, warehouserwarehouse's legal liability or bailee customers insurance for the full replacement cost of the property belonging to invitees such parties and located in the Premises. Such insurance shall be written on a replacement cost basis (without deduction for depreciation) in an amount equal to one hundred percent (100%) of the full replacement value of the aggregate of the items referred to in this subparagraph clause (viv); and (viv) such other insurance or higher limits of liability as Landlord deems reasonably necessary and prudent is then customarily required for similar types of buildings within the general vicinity of the Project or as may otherwise be reasonably required by any of Landlord's lenders.

Appears in 1 contract

Samples: Lease Agreement (New Focus Inc)

Types of Insurance. Tenant shall maintain in full force and effect at all times during the Term of this LeaseTerm, at Tenant's ’s sole cost and expense, for the protection of Tenant and Landlord, as their interests may appear, policies of insurance issued by a carrier or carriers with an A.M. Best's rating (or similar publication) of A-:VIII or better reasonably acceptable to Landlord and its lender which afford the following coverages: (i) worker's compensation: statutory limits; (ii) ’s compensation and employer's ’s liability, as required by law, with a minimum limit of $100,000 per employee and $500,000 per occurrence; (iiiii) commercial general liability insurance (occurrence form) providing coverage against any and all claims for bodily injury and property damage occurring in, on or about the Premises arising out of Tenant's ’s and Tenant's ’s Representatives' use and/or or occupancy of the Premises. Such Premises and such insurance shall (a) include coverage for blanket contractual liability, fire damage, premises, personal injury, completed operations, operations and products liability. Such insurance shall , and (b) have a combined single limit of not less than One Million Dollars ($1,000,000) per occurrence with at least a Three Two Million Dollar ($3,000,0002,000,000) aggregate limit. If limit and excess/umbrella insurance in the aggregate limit is exhausted, then so long as Tenant satisfies the requirements amount of Section 12.5 below Tenant shall be deemed to have self-insured all of such risks. If the aggregate limit is exhausted but Tenant does not satisfy the requirements of Section 12.5 below, Tenant shall provide for restoration of the aggregate limit, as reasonably determined by LandlordFour Million Dollars ($4,000,000); (iviii) comprehensive automobile liability insurance: insurance with a combined single limit of not less than at least $2,000,000 1,000,000 per occurrence and insuring Tenant against liability for claims arising out of the ownership, maintenance, or use of any owned, hired or non-owned or hired automobiles; (viv) "all risk" or "“causes of loss — special purpose" form” property insurance, including without limitation, sprinkler leakage, boiler and machinery comprehensive form, if applicable, covering damage to or loss of any personal property, trade fixtures, inventory, fixtures of Tenant’s Property and equipment the Tenant Improvements located in, on or about the Premises, and in addition, coverage for flood, earthquake, and business interruption Interruption of Tenant, together with, if the property of Tenant's invitees is to be kept in the Premises, warehouser's legal liability or bailee customers insurance for the full replacement cost of the property belonging to invitees and located in the Premises. Such insurance shall be written on a replacement cost basis (without deduction for depreciation) in an amount equal to one hundred percent (100%) of the full replacement value of the aggregate of the items referred to in this subparagraph clause (viv); and (viv) such other insurance or higher limits of liability as Landlord deems reasonably necessary and is then customarily required by reasonable prudent owners of similar types of buildings within the general vicinity of the Project or as may otherwise be reasonably required by any of Landlord's ’s lenders; provided that Landlord may not require such other insurance or higher limits more than once during the initial Term and once during the Extended Term (as defined in Addendum 1 attached hereto).

Appears in 1 contract

Samples: Lease Agreement (Proofpoint Inc)

Types of Insurance. Tenant shall maintain in full force and effect at all times during the Term of this LeaseTerm, at Tenant's ’s sole cost and expense, for the protection of Tenant and Landlord, as their interests may appear, policies of insurance issued by a carrier or carriers with an A.M. Best's rating (or similar publication) of A-:VIII or better reasonably acceptable to Landlord and its lender which afford the following coverages: (i) worker's compensation: statutory limits; (ii) ’s compensation and employer's ’s liability, as required by law, with a minimum limit of $100,000 per employee and $500,000 per occurrence; (iiiii) commercial general liability insurance (occurrence form) providing coverage against any and all claims for bodily injury and property damage occurring in, on or about the Premises arising out of Tenant's ’s and Tenant's Representatives' ’s Responsible Parties’ use and/or or occupancy of the Premises. Such Premises and such insurance shall (a) include coverage for blanket contractual liability, fire damage, premises, personal injury, completed operations, operations and products liability. Such insurance shall , and (b) have a combined single limit of not less than One Two Million Dollars ($1,000,0002,000,000) per occurrence with at least a Three Million Dollar ($3,000,000) aggregate limit. If limit and excess/umbrella insurance in the aggregate limit is exhausted, then so long as Tenant satisfies the requirements amount of Section 12.5 below Tenant shall be deemed to have self-insured all of such risks. If the aggregate limit is exhausted but Tenant does not satisfy the requirements of Section 12.5 below, Tenant shall provide for restoration of the aggregate limit, as reasonably determined by LandlordFive Million Dollars ($5,000,000); (iviii) comprehensive automobile liability insurance: insurance with a combined single limit of not less than at least $2,000,000 1,000,000 per occurrence and insuring Tenant against liability for claims arising out of the ownership, maintenance, or use of any owned, hired or non-owned automobilesor hired automobiles used in the conduct of Tenant’s business; (viv) "all risk" or "“causes of loss – special purpose" form” property insurance, including without limitation, sprinkler leakage, boiler and machinery comprehensive form, if applicable, covering damage to or loss of any personal property, trade fixtures, inventory, fixtures of Tenant’s Property and equipment any Alterations located in, on or about the PremisesPremises (but not the Initial Improvements, and in addition, coverage for flood, and business interruption of Tenantwhich shall be insured by Landlord), together with, if the property of any of Tenant's invitees ’s invitees, vendors or customers is to be kept in the Premises, warehouser's ’s legal liability or bailee customers insurance for the full replacement cost of the property belonging to invitees such parties and located in the Premises. Such Premises (which insurance shall be written on a replacement cost basis (without deduction for depreciation) in an amount equal to one hundred percent (100%) of the full replacement value of the aggregate of the items referred to in this subparagraph clause (viv)); and (viv) such other insurance or higher limits of liability as Landlord deems reasonably necessary and prudent is then customarily required for Comparable Building (as defined below) or as may otherwise be reasonably required by any of Landlord's lenders’s lenders and is required of all similarly situated tenants in the Project if permitted under such tenant’s leases. “Comparable Buildings” means commercial buildings located in Santa Clara, California or the surrounding metropolitan area that are comparable to the Building in quantity, size, type and quality.

Appears in 1 contract

Samples: Lease Agreement (Ambarella Inc)

Types of Insurance. Tenant shall maintain in full force and effect at all times during the Term of this Lease, at Tenant's sole cost and expense, for the protection of Tenant and Landlord, as their interests may appear, policies of insurance issued by a carrier or carriers with an A.M. Best's rating reasonably acceptable to Landlord and its lender (or similar publication) of A-:VIII or better which afford the following coverages: (i) worker's compensation: statutory limits; (ii) compensation and employer's liability, as required by law, with a minimum limit of $100,000 per employee and $500,000 per occurrence; (iiiii) commercial general liability insurance (occurrence form) providing coverage against any and all claims for bodily injury and property damage occurring in, on or about the Premises arising out of Tenant's and Tenant's Representatives' use and/or or occupancy of the Premises. Such insurance under (ii) above shall include coverage for blanket contractual liability, fire damage, premises, personal injury, completed operations, operations and products liability. Such insurance shall have a combined single limit of not less than One Million Dollars ($1,000,000) per occurrence with at least a Three Million Dollar ($3,000,000) aggregate limitlimit and excess/umbrella insurance in the amount of Three Million Dollars ($3,000,000). If Tenant has other locations which it owns or leases, the policy shall include an aggregate limit is exhausted, then so long as Tenant satisfies the requirements of Section 12.5 below Tenant shall be deemed to have self-insured all of such risks. If the aggregate limit is exhausted but Tenant does not satisfy the requirements of Section 12.5 below, Tenant shall provide for restoration of the aggregate limit, as reasonably determined by Landlordper location endorsement; (iviii) comprehensive automobile liability insurance: insurance with a combined single limit of not less than at least One Million Dollars ($2,000,000 1,000,000) per occurrence and insuring Tenant against liability for claims arising out of the ownership, maintenance, or use of any owned, hired or non-company owned automobiles; (viv) "all risk" or "special purpose" property insurance, including without limitation, sprinkler leakage, boiler and machinery comprehensive form, if applicable, covering damage to or loss of any personal property, trade fixtures, inventory, fixtures of Tenant's Property and equipment the Tenant Improvements located in, on or about the Premises, and in addition, coverage for floodearthquake, and business interruption of Tenant, together with, if the property of Tenant's invitees is to be kept in the Premises, warehouser's legal liability or bailee customers insurance for the full replacement cost of the property belonging to invitees and located in the Premises. Such insurance shall be written on a replacement cost basis (without deduction for depreciation) in an amount equal to one hundred percent (100%) of the full replacement value of the aggregate of the items referred to in this subparagraph clause (viv); and (viv) such other insurance or higher limits of liability as Landlord deems reasonably necessary and prudent is then customarily required for similar types of buildings within the general vicinity of the Project or as may otherwise be reasonably required by any of Landlord's lenders.

Appears in 1 contract

Samples: Lease Agreement (Loudcloud Inc)

Types of Insurance. Tenant shall maintain in full force and effect at all times during the Term of this Lease, at Tenant's ’s sole cost and expense, for the protection of Tenant and Landlord, as their interests may appear, policies of insurance issued by a carrier or carriers with an A.M. Best's rating (or similar publication) of A-:VIII or better reasonably acceptable to Landlord and its lender which afford the following coverages: (i) worker's compensation: statutory limits; (ii) ’s compensation and employer's ’s liability, as required by law, with a minimum limit of $100,000 per employee and $500,000 per occurrence; (iiiii) commercial general liability insurance (occurrence form) providing coverage against any and all claims for bodily injury and property damage occurring in, on or about the Premises arising out of Tenant's ’s and Tenant's ’s Representatives' use and/or or occupancy of the Premises. Such insurance shall include coverage for blanket contractual liability, fire damage, premises, premises and personal injury, completed operations, and products liability. Such insurance shall have a combined single limit of not less than One Two Million Dollars ($1,000,0002,000,000) per occurrence with at least a Three Million Dollar ($3,000,000) aggregate limitlimit and excess/umbrella insurance in the amount of Three Million Dollars ($3,000,000). If the aggregate limit is exhausted, then so long as Tenant satisfies the requirements of Section 12.5 below Tenant shall be deemed to also maintain product liability and completed operations insurance coverage under a separate claims made policy. Such separate policy shall have self-insured all of such risks. If the aggregate limit is exhausted but Tenant does not satisfy the requirements of Section 12.5 below, Tenant shall provide for restoration of the aggregate limit, as reasonably determined by Landlord; (iv) comprehensive automobile a liability insurance: a combined single limit of not less than $2,000,000 3,000,000 and shall have a deductible of not more than $100,000. If Tenant has other United States locations which it owns or leases, the commercial general liability policy shall include an aggregate limit per location endorsement; (iii) comprehensive automobile liability insurance with a combined single limit of at least $1,000,000 per occurrence and insuring Tenant against liability for claims arising out of the ownership, maintenance, or use of any owned, hired or non-company owned automobiles; (viv) "all risk" or "special purpose" property insurance, including without limitation, sprinkler leakage, boiler and machinery comprehensive form, if applicable, covering damage to or loss of any personal property, trade fixtures, inventory, fixtures of Tenant’s Property and equipment the Tenant Improvements located in, on or about the Premises, and in addition, coverage for flood, earthquake and business interruption of Tenant, together with, if the property of any of Tenant's invitees ’s invitees, vendors or customers is to be kept in the Premises, warehouser's ’s legal liability or bailee customers insurance for the full replacement cost of the property belonging to invitees such parties and located in the Premises. Such insurance shall be written on a replacement cost basis (without deduction for depreciation) in an amount equal to one hundred percent (100%) of the full replacement value of the aggregate of the items referred to in this subparagraph clause (viv); and (viv) such other insurance or higher limits of liability as Landlord deems reasonably necessary and prudent is then customarily required for similar types of buildings within the general vicinity of the Premises or as may otherwise be reasonably required by any of Landlord's ’s lenders.

Appears in 1 contract

Samples: Lease Agreement (Vnus Medical Technologies Inc)

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