Common use of YOUR INSURANCE OBLIGATIONS Clause in Contracts

YOUR INSURANCE OBLIGATIONS. 38.1 You must insure with reputable insurers for at least the full reinstatement value (as approved by Us) under an all risks policy, with Our interest noted on the policy: (a) the Trade Inventory and Stock; (b) the internal and external fixed glass at the Property; (c) the loss of Licences; (d) public third party, property owner’s product and employer’s liability in respect of the Property and the Business for a sum not less than £2,000,000.00 each claim or series of claims arising from the same incident; and (e) loss of money/profit and business interruption. 38.2 You must provide satisfactory evidence to Us, when We ask, that You have complied with Your insurance obligations by producing the insurance policies and evidence of payment of premiums and if You fail to do so We may effect the insurance for You and charge You the actual costs We incur in doing so as additional rent. 38.3 You must spend any money that You receive under the insurance in repairing or replacing any things that have been damaged but if the money received is not enough You must make up any shortfall yourself. 38.4 You must comply with the conditions and recommendations made by Our insurers and You must notify Us immediately of any event which may give rise to a claim under any of Our or your insurance policies relating to the Property. 38.5 You must pay to Us when We ask: (a) all amounts that You receive under any insurance policy relating to the Licences; (b) an amount equal to any sums which We are unable to recover under Our insurance policies because You have breached Your obligations to Us. 38.6 You must not take out any insurance policy in relation to the Property which may prejudice Our ability to recover insurance proceeds or reduce any proceeds payable under any of Our policies. If You breach this obligation You must pay to Us any amounts You receive under such policies.

YOUR INSURANCE OBLIGATIONS. 38.1 40.1 You must insure with reputable insurers for at least the full reinstatement value (as approved by Us) under an all risks policy, with Our interest noted on the policy: (a) the Trade Inventory and Stock; (b) the internal and external fixed glass at the Property; (c) the loss of Licences; (d) public third party, property owner’s ’s, product and employer’s liability in respect of the Property and the Business for a sum not less than £2,000,000.00 each claim or series of claims arising from the same incident; and (e) loss of money/profit and business interruption. 38.2 40.2 You must provide satisfactory evidence to Us, when We ask, that You have complied with Your insurance obligations by producing the insurance policies and evidence of payment of premiums and if You fail to do so We may effect affect the insurance for You and charge You the actual costs We incur in doing so as additional rent. 38.3 40.3 You must spend any money that You receive under the insurance in repairing or replacing any things that have been damaged damaged, but if the money received that you receive is not enough then You must make up any shortfall yourselfYourself. 38.4 40.4 You must comply with the conditions and recommendations made by Our insurers and You must notify Us immediately of any event which may give rise to a claim under any of Our or your Your insurance policies relating to the Property. 38.5 40.5 You must pay to Us when We ask: (a) all amounts that You receive under any insurance policy relating to the Licences; (b) an amount equal to any sums which We are unable to recover under Our insurance policies because You have breached Your obligations to Us. 38.6 40.6 You must not take out any insurance policy in relation to the Property which may prejudice Our ability to recover insurance proceeds or reduce any proceeds payable under any of Our policies. If You breach this obligation You must pay to Us any amounts You receive under such policies.

YOUR INSURANCE OBLIGATIONS. 38.1 You must insure with reputable insurers for at least the full reinstatement value (as approved by Us) under by way of an all risks policy, with a reputable insurance company or underwriters, with Our interest noted on the policy: (a) the Trade Inventory and Stock; (b) the internal and external fixed glass at in the Property; (c) the loss of Licences; (d) public third party, property owner’s product and employer’s liability in respect of the Property and the Business for a sum not less than £2,000,000.00 each claim or series of claims arising from the same incident; and (e) loss of money/profit and business interruption. 38.2 You must provide satisfactory evidence prove to Us, when We ask, that You have complied with Your insurance obligations by producing the insurance policies and evidence of payment of premiums and if You fail to do so We may effect the insurance for You and charge You the actual costs We incur in doing so as additional rent. 38.3 You must spend any money proceeds of insurance that You receive under policies that You have taken out in relation to the insurance Property or Business in repairing or replacing any things that have been damaged but if the money received is not enough items damaged. If the insurance proceeds are insufficient You must make up any shortfall yourself. 38.4 You must comply with the conditions and recommendations made by Our insurers and You must notify Us immediately of any event which may give rise to a claim under any of Our or your insurance policies relating to the Property. 38.5 You must pay to Us when We ask: (a) all amounts that You receive under any insurance policy relating to the Licences; (b) an amount equal to any sums which We are unable to recover under Our insurance policies because You have breached Your obligations to Us. 38.6 You must not take out any insurance policy in relation to the Property which may prejudice Our ability to recover insurance proceeds or reduce any proceeds payable under any of Our policies. If You breach this obligation You must pay to Us any amounts You receive under such policies.