Xxxxxxxx Insurance. If homeowner’s insurance cannot be obtained, or can be obtained only at a higher than standard rate due to the condition or claims history of the Property, then the Purchaser may terminate this Agreement by providing written notice to Seller by the later of the expiration of the Financing Contingency Period or the Inspection Period, and the termination procedures of Paragraph 23 shall apply.
Xxxxxxxx Insurance. Merchant will maintain general liability and business-interruption insurance in the amounts and against risks as are satisfactory to Purchaser and shall provide Purchaser proof of such insurance upon request.
Xxxxxxxx Insurance. 18.2.1 Unless otherwise provided in the Contract Documents, Bechtel shall procure and maintain from insurance companies of established reputation authorized to do business in the State of California, “All Risk” Builder’s Risk property insurance upon the entire Project to the full replacement cost value of the Project and other expenses incurred to replace or repair the insured property. The property insurance obtained by Bechtel shall include as additional insureds the interests of Bechtel, Vendor and its subcontractors (but only if such subcontractors scope of work requires their presence at the Site), with waiver of subrogation, and shall insure against the perils of fire and extended coverage, theft, vandalism, malicious mischief, collapse, flood, debris removal and other perils or causes of loss, with sub-limits and aggregated sub-limits for the respective perils in accordance with standard industry practice and insurance market availability as approved by Owner. The property insurance shall include physical loss or damage to the Project, including materials and equipment in transit, at the Site or at another location as may be indicated in Vendor’s Application for Payment and approved by Bechtel.
18.2.2 Bechtel will provide or cause to be provided, at its cost, marine cargo insurance (including a 50/50 clause) insuring products against loss or damage arising from customary “all risk” marine perils (including but not limited to war and strikes perils) while the products are in the due course of transit, including temporary storage during due course of transit until arrival at the final destination. Vendor shall be included as an insured on such policy, which shall include a waiver of subrogation in favor of each insured. The deductible under such insurance shall be for Vendor’s account and shall not exceed US $25,000 per occurrence. To the extent Vendor engages shippers to ship Equipment to the Site, in order to be included as an insured on Xxxxxxx’x policy, Vendor shall:
Xxxxxxxx Insurance. Building and Contents Property insurance shall be secured for buildings and contents. Property Insurance coverage for the “Building” includes the structure, including permanently installed fixtures, machinery and equipment, outdoor fixtures, and personal property to service the premises. If the Building is under construction, the School shall provide evidence of property insurance for the additions under construction and alterations, repairs, including materials, equipment, supplies, and temporary structures within 100 feet of the premises. If the School leases the site location, then the School shall provide on a form acceptable to the Sponsor evidence of business personal property insurance, to include furniture, fixtures, equipment, and machinery used in the School.
Xxxxxxxx Insurance. Personal and District Owned Property The School further agrees to secure and maintain property insurance for the School’s personal property, and to insure all of the District’s owned property, if any, to be used by the School to its full fair market value with the Sponsor named as loss payee. The insurance must be sufficient to provide for replacement of property.
Xxxxxxxx Insurance. You shall, at your own expense, maintain at all times during the term of this Agreement, all risk perils property insurance (“Property Insurance”) covering the Equipment from all sources (Equipment Rental Floater or Production Package Policy) including coverage for, without limitation, (i) theft by force (ii) theft by fraudulent scheme and/or
Xxxxxxxx Insurance. 12.1 Subject to clause 12.2, the Landlord shall keep the Building insured against loss or damage by the Insured Risks for the sum which the Landlord considers to be its full reinstatement cost (taking inflation of building costs into account). The Landlord shall not be obliged to insure any fixtures and fittings or other works installed by the Tenant (other than any Mezzanine Floors and the Category A Works to the Mezzanine Floors that have been installed by or with the consent of the Landlord).
12.2 The Landlord’s obligation to insure is subject to:
12.2.1 any exclusions, limitations, excesses and conditions that may be imposed by the insurers; and
12.2.2 insurance being available in the London insurance market on reasonable terms acceptable to the Landlord.
12.3 In relation to any insurance effected by the Landlord under this clause, the Landlord shall use reasonable endeavours to procure that the Landlord’s insurer:
12.3.1 waives its rights of subrogation against the Tenant and any lawful sub-tenants or occupiers of the Property;
12.3.2 permits the interest of the Tenant to be noted on the policy of insurance either specifically or by way of a general noting of tenants’ interests under the conditions of the insurance policy Provided That this obligation will not require the Landlord to change its policy where the insurer is not prepared to do so on reasonable terms or on competitive rates.
12.4 The Tenant shall pay to the Landlord on demand:
12.4.1 the Insurance Rent;
12.4.2 any amount that is deducted or disallowed by the insurers pursuant to any excess provision in the insurance policy; and
12.4.3 any costs that the Landlord incurs in obtaining a valuation of the Property for insurance purposes, provided not more than once per annum.
12.5 The Tenant shall:
12.5.1 immediately inform the Landlord and the Superior Landlord if any matter occurs that any insurer or underwriter may treat as material in deciding whether or on what terms to insure or to continue to insure the Building and shall give the Landlord and the Superior Landlord notice of that matter;
12.5.2 not do or omit anything as a result of which any policy of insurance of the Building, any Landlord’s Neighbouring Property or any neighbouring property may become void or voidable or otherwise prejudiced, or the payment of any policy money may be withheld, nor (unless the Tenant has previously notified the Landlord and has paid any increased or additional premium) anything as a result of wh...
Xxxxxxxx Insurance. “All risk” or “special cause of loss form” property insurance including coverage for vandalism, malicious mischief, sprinkler leakage and, if applicable, boiler and machinery comprehensive form, on a replacement cost basis, insuring (a) all Tenant’s Property, and (b) all Alterations made by Tenant or a Tenant Party, in each case, in an amount equal to the then applicable full replacement cost thereof. In the event property of Tenant’s invitees or customers are kept in the Premises or Project, Tenant shall maintain warehouser’s legal liability or bailee customers insurance for the full value of the property of such invitees or customers as determined by the warehouse contract between Tenant and its customer;
Xxxxxxxx Insurance. 7.2.1 LIABILITY INSURANCE. XXXXXXX shall not be responsible for purchasing and maintaining any liability insurance.
Xxxxxxxx Insurance. At all times during the period beginning with commencement of construction of the Expansion Premises Tenant Improvements and ending with final completion of the Expansion Premises Tenant Improvements, Tenant shall maintain, or cause to be maintained (in addition to the insurance required of Tenant pursuant to the Lease), property insurance insuring Landlord and the Landlord Parties, as their interests may appear. Such policy shall, on a completed replacement cost basis for the full insurable value at all times, insure against loss or damage by fire, vandalism and malicious mischief and other such risks as are customarily covered by the so-called “broad form extended coverage endorsement” upon all Expansion Premises Tenant Improvements and the general contractor’s and any subcontractors’ machinery, tools and equipment, all while each forms a part of, or is contained in, the Expansion Premises Tenant Improvements or any temporary structures on the Expansion Premises, or is adjacent thereto; provided that, for the avoidance of doubt, insurance coverage with respect to the general contractor’s and any subcontractors’ machinery, tools and equipment shall be carried on a primary basis by such general contractor or the applicable subcontractor(s). Tenant agrees to pay any deductible, and Landlord is not responsible for any deductible, for a claim under such insurance.
