Landlord’s Insurance definition

Landlord’s Insurance. With respect to insurance maintained by Landlord: A. Landlord shall maintain, as the minimum coverage required of it by this Lease, property insurance in so-called "Special" form insuring Landlord (and such others as Landlord may designate) against loss from physical damage to the Building with coverage of not less than one hundred percent of the full actual replacement cost thereof and against loss of rents for a period of not less than twelve months. Such property damage insurance, at Landlord's election but without any requirement on Landlord's behalf to do so, (i) may be written in so-called Special Form, excluding only those perils commonly excluded from such coverage by Landlord's then property damage insurer; (ii) may provide coverage for physical damage to the improvements so insured for up to the entire full actual replacement cost thereof; (iii) may be endorsed to include or separate policies may be carried to cover loss or damage caused by any additional perils against which Landlord may elect to insure, including earthquake and/or flood; (iv) may provide coverage for loss of rents for a period of up to twelve months; and/or (v) may contain "deductibles" per occurrence in an amount reasonably acceptable to Landlord. Landlord shall not be required to cause such insurance to cover any of Tenant's personal property, inventory and trade fixtures, or any modifications, alterations or improvements made or constructed by Tenant to or within the Leased Premises. B. Landlord shall maintain Commercial General Liability insurance insuring Landlord (and such others as are designated by Landlord) against liability for personal injury, bodily injury, death, and damage to property occur- ring in, on or about, or resulting from the use or occupancy of the Property, or any portion thereof, with combined single limit coverage of at least Two Million Dollars. Landlord may carry such greater coverage as Landlord or Landlord's Lender, insurance broker or advisor or counsel may from time to time determine is reasonably necessary for the adequate protection of Landlord and the Property.

Landlord’s Insurance is defined in Section 12.01.

Landlord’s Insurance shall have the meaning set forth in Clause 14.1.

Examples of Landlord’s Insurance in a sentence

• The term “Property Operating Expenses” shall mean and include all Real Property Taxes, plus all Landlord’s Insurance Costs, plus all Property Maintenance Costs.

• In addition thereto, in the event Tenant’s use of the Premises shall result in an increase of any of Landlord’s Insurance premiums, Tenant shall pay to Landlord, upon demand, as Additional Rent, an amount equal to such increase in Insurance.

• Notwithstanding the language set forth in this provision, Landlord’s Insurance Program shall not apply to motor vehicles, boats, personal watercraft, trailers and any property stored by Tenant in open lots or non-fully enclosed, secured garages or storage units.

• Landlord shall deliver to Tenant Landlord’s reasonable estimate of any given expense (such as Landlord’s Insurance Costs or Real Property Taxes), or group of expenses, which it anticipates will be paid or incurred for the ensuing calendar or fiscal year, as Landlord may determine, and Tenant shall pay to Landlord an amount equal to the estimated amount of such expenses for such year in equal monthly installments during such year with the installments of Base Monthly Rent.

• Tenant shall not do anything in the Premises, or bring or keep anything therein, or subject the Property or any portion thereof to any use which would damage the same or increase the risk of loss or fire, or violate Landlord’s Insurance, or Tenant’s Insurance, or which shall conflict with the regulations of the fire department or any Laws or with any insurance policy on the Premises or any part thereof, or with any rules or regulation established by any administrative body or official having jurisdiction.

More Definitions of Landlord’s Insurance

Landlord’s Insurance. The term "Landlord's Insurance" is defined in Paragraph 9.2.

Landlord’s Insurance means insurance placed by the Landlord pursuant to Section 9.2.

Landlord’s Insurance has the meaning given to it in Section 12.11;

Landlord’s Insurance means the cost of premiums for casualty, rent loss, boiler and all contingent liability insurance (with all endorsements) paid annually by Landlord in respect of the Real Estate during the Lease term. Tenant shall be obligated to pay its Pro Rata Share of only that portion of any Increased Insurance Amount which relates to such insurance coverage during the term of this Lease.

Landlord’s Insurance. A policy or policies of "All Risk", general liability, fire and extended coverage insurance, including at least 6 months rental interruption with vandalism and malicious mischief endorsements, coverage with respect to increased costs due to building ordinances, demolition coverage, boiler and machinery insurance, sprinkler leakage coverage in each case to the extent of at least 100% of the full replacement value of the Building and Adjacent Building and any future building on the Project

Landlord’s Insurance. Landlord shall maintain hazard insurance covering one hundred percent replacement cost of the improvements throughout the Lease term. Landlord's insurance will not insure Tenant's personal property.

Landlord’s Insurance. Commercial General Liability insurance applicable to the Property, Building, Premises and Common Areas providing, on an occurrence basis, a minimum combined single limit of at least $2,000,000.00; (2) All Risk Property Insurance on the Building (including the Premises, Initial Improvements and Leasehold Improvements, except for Tenant's Property) at replacement cost value; (3) Worker's Compensation insurance as required by the state in which the Building is located and in amounts as may be required by applicable statute; and (4) Employers Liability Coverage of at least $1,000,000.00 per occurrence.