Carried by Lessor definition

Carried by Lessor. Lessor shall also maintain liability insurance described in Paragraph 8.2(a) above, in addition to and not in lieu of, the insurance required to be maintained by Lessee. Lessee shall not be named as an additional insured therein.
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Examples of Carried by Lessor in a sentence

  • All insurance carried by Lessee shall be primary to and not contributory with any similar insurance carried by Lessor, whose insurance shall be considered excess insurance only (b) Carried by Lessor.

  • Carried by Lessor, in the event Lessor is the insuring Party, Lessor shall also maintain liability insurance described in Paragraph 8.2(a), above, in addition to, and not in lieu of, the insurance required to be maintained by Lessee.

  • Lessee shall pay for all insurance required under Paragraph 8 except to the extent of the cost attributable to liability insurance carried by Lessor under Paragraph 8.2(b) (Liability Insurance -- Carried by Lessor) in excess of $2,000,000 per occurrence.

  • All insurance to be carried by Lessee shall be primary to and not contributory with any similar insurance Carried by Lessor, whose insurance shall be considered excess insurance only.

  • In no event, however, shall Lessee be responsible for any portion of the premium cost attributable to liability insurance coverage in excess of $1,000,000 procured under Paragraph 8.2(b) (Liability Insurance Carried by Lessor).

Related to Carried by Lessor

  • Lessor s residual interest" means the lessor's interest in the goods after expiration, termination, or cancellation of the lease contract.

  • Truck lessor means a person who holds the legal title to any motor vehicle, trailer, or semitrailer

  • Lessee means a person who acquires the right to possession and use of goods under a lease. Unless the context clearly indicates otherwise, the term includes a sublessee.

  • Ground Lessor means the lessor under the Ground Lease.

  • Sublessor means one who conveys real property by sublease."