Building Insurance definition

Building Insurance shall have the meaning set forth in Section 10.2 hereof.

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Building Insurance means the insurance of the Building to be effected by the Landlord in terms of Sub-Clause 6.2;

Building Insurance shall have the meaning set forth in Section 11.2 hereof.

Examples of Building Insurance in a sentence

• Includes all fees, charges (including parking charges), expenses, fines, assessments, interest or other sums payable by Tenant pursuant to this Lease other than (a) Tenant’s Project Share of (i) Project Taxes, (ii) Project Insurance Costs and (iii) Project Operating Costs, (b) Tenant’s Building Share of (i) Building Taxes, (ii) Building Insurance Costs and (iii) Building Operating Costs and (c) Tenant’s Utility Costs due under this Lease.

• Section 12.3. If by reason of any failure of Tenant to comply with the provisions of this Lease, the rate of premium for Building Insurance or other insurance on the property and equipment of Landlord shall increase, Tenant shall reimburse Landlord for that part of the insurance premiums thereafter paid by Landlord which shall have been charged because of such failure by Tenant.

• Tenant shall not do or permit anything to be done in or upon the Premises or the Project or bring or keep anything therein or use the Premises or the Project in a manner which increases the rate of premium for any Building Insurance or any property or equipment located therein over the rate in effect at the commencement of the Term of this Lease.

• All construction work required or permitted by this Lease shall be done in a good and workmanlike manner and in compliance with all applicable laws, ordinances, rules, regulations, statutes, by-laws, court decisions, and orders and requirements of all public authorities ("Legal Requirements") and all requirements of insurers of the Building ("Insurance Requirements").

• Annually, Landlord shall furnish to Tenant a report setting forth in reasonable detail the Project Operating Costs, Building Operating Costs, Project Insurance Costs, Building Insurance Costs, Project Taxes and Building Taxes for the immediately preceding calendar year (in the case of Operating Costs and Insurance Costs) or Tax Fiscal Year (in the case of Taxes).

• Section 11.3. If by reason of any failure of Tenant to comply with the provisions of this Lease, the rate of premium for Building Insurance or other insurance on the property and equipment of Landlord shall increase, Tenant shall reimburse Landlord for that part of the insurance premiums thereafter paid by Landlord which shall have been charged because of such failure by Tenant.

• At the commencement of the term of this Lease and within one hundred eighty (180) days after the commencement of each calendar year (or partial calendar year) thereafter, Landlord shall furnish Tenant a statement, together with a true copy of the premium statement, showing the Building Insurance Costs for the calendar year in which the term commences or the applicable calendar year thereafter and any deductible amount incurred in any loss.

• We are responsible for providing Building Insurance to insure against fire, storm damage, etc.

• Landlord shall pay the premiums for the Building Insurance and rental income insurance policies maintained by Landlord.

• Landlord shall maintain policies of insurance covering loss of or damage to the Premises in the full amount of its replacement cost value (the "Building Insurance").

More Definitions of Building Insurance

Building Insurance is defined in Section 5.2(a)(ii).

Building Insurance shall have the meaning set forth in Section 10.3 hereof.

Building Insurance means such policy of insurance in respect of the Building for the Insured Risks as the Landlord is obliged to or has the right to effect from time to time pursuant to this Lease for the Full Cost of Reinstatement;

Building Insurance. Insurance taken out by the owner of the property to insure the property against risks such as fire, landslip etc. The responsibility to insure the property often passes to the buyer on exchange of contracts. See our links page for Buildings Insurance Buyer – This is the person that is buying the Property, sometimes also known as the Purchaser.