LESSEE'S INSURANCE definition

LESSEE'S INSURANCE. Consistent with the requirements of paragraph 14, Lessee shall obtain insurance to cover any damage to the premises caused by fire or other casualty due to the deliberate or negligent act of the Lessee or the agents, servants, employees, visitors, or licensees of Lessee.
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LESSEE'S INSURANCE. Lessee, as a material part of the consideration to be rendered to Lessor, hereby waives all claims against Lessor and Lessor's Agents for damages to goods, wares and merchandise, and all other personal property in, upon or about said Premises, and for injuries to persons in, upon or about said Premises, from any cause arising at any time, and Lessee will hold Lessor and Lessor's Agents exempt and harmless from any damage or injury to any person, or to the goods, wares and merchandise and all other personal property of any person, arising from the use or occupancy of the Premises by Lessee, or from the failure of Lessee to keep the Premises in good condition and repair, as herein provided. Lessee shall secure and keep in force a standard policy of commercial general liability insurance and property damage policy covering the Premises, including parking areas, insuring the Lessee. A certificate of said policy naming Lessor as an additional insured shall be delivered to Lessor and will have a combined single limit for both bodily injury, death and property damage in an amount not less than five million dollars ($5,000,000.00). The limits of said insurance shall not, however, limit the liability of Lessee hereunder. Lessee shall obtain a written obligation on the part of the insurer to notify Lessor 30 days in advance in writing before any cancellation thereof. Lessee shall obtain, at Lessee's sole cost and expense, a policy of fire and extended coverage insurance including coverage for direct physical loss special form, and a sprinkler leakage endorsement insuring the personal property of Lessee. The proceeds from any personal property damage policy shall be payable to Lessee. Lessee shall, at its sole cost and expense, comply with all of the insurance requirements of all local, municipal, state and federal authorities now in force, or which may hereafter be in force, pertaining to Lessee's use and occupancy of the said Premises.
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LESSEE'S INSURANCE. On or before the earlier to occur of (i) the Commencement Date, or (ii) the date Lessee commences any work of any type in the Premises pursuant to this Lease (which may be prior to the Commencement Date), and continuing throughout the entire Term hereof and any other period of occupancy, Lessee agrees to keep in full force and effect, at it sole cost and expense, the insurance specified on Exhibit "D" attached hereto. Lessor reserves the right to require any other form or forms of insurance as Lessee or Lessor or any mortgagees of Lessor may reasonably require from time to time in form, in amounts, and for insurance risks against which, a prudent lessee would protect itself, but only to the extent coverage for such risks and amounts are available in the insurance market at commercially acceptable rates. Lessor makes no representation that the limits of liability required to be carried by Lessee under the terms of this Lease are adequate to protect Lessee's interests and Lessee should obtain such additional insurance or increased liability limits as Lessee deems appropriate.
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Examples of LESSEE'S INSURANCE in a sentence

  • LESSEE'S INSURANCE ...................................................................................

  • ALL PROPERTY OF THE LESSEE KEPT OR STORED ON THE LEASED PREMISES SHALL BE SO KEPT OR STORED AT THE RISK OF LESSEE, AND LESSEE SHALL HOLD LESSOR HARMLESS FROM ANY CLAIMS ARISING OUT OF DAMAGE TO THE SAME, INCLUDING SUBROGATION CLAIMS BY LESSEES INSURANCE CARRIERS.


More Definitions of LESSEE'S INSURANCE

LESSEE'S INSURANCE the LESSEE shall, at its expense, take out the following insurance policies and maintain them in force throughout the term of the lease, and, where applicable, during any occupancy period prior to the lease starting date if, with the LESSOR's consent, the LESSEE occupies the leased premises before the lease starting date: 13.1.1 an all-risk insurance policy for an amount covering the replacement value of all of the insured property in the leased premises, such as the furniture, leasehold improvements and inventory of goods, belonging to the LESSEE or for which it is responsible. This policy must name the LESSOR and any hypothecary creditor (secured creditor) of the LESSOR, to the extent of their interest, as additional insureds and must include a rider pursuant to which the insurer waives its rights of subrogation against the LESSOR, against any person for whom or which the LESSOR is legally liable and against any hypothecary creditor of the LESSOR, and a rider indicating that the insurer shall give a prior written notice of thirty (30) days to the LESSOR in the EXHIBIT 10.10 event of the cancellation or non-renewal of the policy or a material change in the policy; 13.1.2 a public liability insurance policy covering bodily injury, including death, and third-party property damage for an amount of three million dollars ($3,000,000) per loss. This policy shall cover, among other things, indirect civil liability of owners and entrepreneurs, liability assumed by contract, civil liability for personal injury, civil liability for damage to the leased premises and potential management liability. This policy must name the LESSOR, any person for whom or which it is legally liable as well as the hypothecary creditors of the LESSOR as additional insureds, include a clause of reciprocal liability, a rider pursuant to which the insurer waives its rights of subrogation against the LESSOR, against any person for whom or which the LESSOR is legally liable and against the hypothecary creditors of the LESSOR, as well as a rider indicating that the insurer shall give a prior written notice of thirty (30) days to the LESSOR in the event of the cancellation or non-renewal of the policy or a material change in the policy; and 13.1.3 any other insurance the LESSOR may reasonably require from time to time.
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LESSEE'S INSURANCE. Lessee, at his/her expense, shall maintain plate glass and public liability insurance, including bodily injury and property damage, insurance, Lessee and Lessor with minimum coverage as follows: of $500,000. Lessee shall provide Lessor with a Certificate of Insurance showing Lessor as additional insured. The policy shall require ten (10) days' written notice to Lessor prior to cancellation or material change of coverage. 12. LESSOR'S INSURANCE: Lessor shall maintain hazard insurance covering one hundred percent (100%) replacement cost of the improvements throughout the Lease term. Lessor's insurance will not insure Lessee's personal property or leasehold improvements.
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LESSEE'S INSURANCE. A Commercial general liability policy: $2,000,000.00 limit per occurrence is to be provided to Lessor prior to occupancy . Lessor and Lessor’s property Manager are to be listed as “Additional Insured” and “Certificate Holder” on the policy as follows: Menlo Business Park, LLC and Xxxxxxx Properties, Inc., c/o Tarlton Properties, Inc., 000 Xxxx Xxxxxx, Palo Alto, California 94301. Lessee is only required to add/list these Premises to their existing Commercial general liability policy, providing Lessor with a ‘revised’ policy within thirty (30) days.
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Related to LESSEE'S INSURANCE

  • Insurance Rent the sums described in paragraph 1.1 of Schedule 4; “Insured Risks” the risks of fire (including subterranean fire), lightning, explosion, storm, flood, subsidence, landslip, heave, earthquake, burst or overflowing water pipes, tanks or apparatus, impact by aircraft or other aerial devices and any articles dropped from them, impact by vehicles, terrorism, riot, civil commotion and malicious damage to the extent, in each case, that cover is generally available on normal commercial terms in the UK insurance market at the time the insurance is taken out, and any other risks against which the Landlord reasonably insures from time to time, subject in all cases to any excesses, limitations and exclusions imposed by the insurers;10

  • Property Insurance is defined in Section 6.10(a).

  • Casualty insurance means liability insurance.

  • FHA Insurance means the Federal mortgage insurance authorized pursuant to Section 220, 221(d)(3), 221 (d)(4) or 223(f) of Title II of the National Housing Act of 1934, as amended.

  • Insurance means (i) all insurance policies covering any or all of the Collateral (regardless of whether the Collateral Agent is the loss payee thereof) and (ii) any key man life insurance policies.

  • Crew Insurances means insurances against crew risks which shall include but not be limited to death, sickness, repatriation, injury, shipwreck unemployment indemnity and loss of personal effects.

  • General Liability Insurance Subcontractor shall carry minimum primary General Liability Insurance for the following amounts:

  • Co-insurance means the percentage of the usual, reasonable, customary, and fair market value expense that a covered person must pay.

  • Surplus lines insurance means insurance in this State of risks located or to be performed in this State, permitted to be placed through a resident licensed broker with a nonadmitted insurer eligible to accept the insurance, other than reinsurance, wet marine and transportation insurance, insurance independently procured, and life and health insurance and annuities. Excess and stop‑loss insurance coverage upon group life, accident, and health insurance or upon a self‑insured’s life, accident, and health benefits program may be approved as surplus lines insurance.

  • Mortgage guaranty insurance means surety insurance under which a mortgagee or other creditor is indemnified against losses caused by the default of a debtor.

  • Fidelity Insurance means insurance coverage with respect to employee errors, omissions, dishonesty, forgery, theft, disappearance and destruction, robbery and safe burglary, property (other than money and securities) and computer fraud in an aggregate amount acceptable to Seller’s regulators.

  • Personal lines insurance means property and casualty insurance coverage sold for primarily noncommercial purposes to:

  • Sum Insured means the sum as specified in the Schedule to this Policy against the name of Insured / each Insured Person, which sum represents the Company's maximum liability for any or all claims under this Policy during the Policy period for the respective benefit(s) against which the sum is mentioned in the Schedule to this Policy.

  • Primary insurance means the policies listed in this policy’s Umbrella Schedule.

  • Underlying insurance means the DESIGNATED UNDERLYING POLICY and all insurances affording professional liability insurance coverage to any INSURED hereunder which are considered to be primary to this insurance, including without limitation, any such mandatory insurance coverage afforded any INSURED by any law society or other program, and any such non-mandatory insurances purchased as coverage or primary to (beneath) this POLICY coverage, but in no case shall include any insurance specifically acquired and stated to be in excess of this POLICY. Signed on behalf of Lawyers’ Professional Indemnity CompanyDaniel E. PinningtonDaniel E. PinningtonPresident and Chief Executive Officer Endorsement No . 1pollutIon exClusIonThis POLICY, subject to all its terms and conditions not in conflict with this endorsement, and further to Part III Exclusion (g), shall include the following:This insurance does not apply to:(a) damage arising out of the actual, alleged or threatened discharge, seepage, dispersal, release or escape of pollutants:

  • Excess Insurance shall not apply to any insurance coverage currently held by The Government of Bermuda, or to our Self-Insured Retentions of whatever nature.

  • Hazard Insurance A fire and casualty extended coverage insurance policy insuring against loss or damage from fire and other perils covered within the scope of standard extended hazard coverage naming the Servicer, its successors and assigns, as a mortgagee under a standard mortgagee clause, together with all riders and endorsements thereto.

  • Insurances means, in relation to a Ship:

  • Insurance Expenses means any Insurance Proceeds (i) applied to the repair of the related Leased Vehicle, (ii) released to the related Lessee in accordance with applicable law or the Customary Servicing Practices or (iii) representing other related expenses incurred by the Servicer that are not otherwise included in Liquidation Expenses or Disposition Expenses and recoverable by the Servicer under any applicable Servicer Basic Documents.

  • Lease Term means the term of this Lease which shall commence on the Commencement Date and continue for the period specified in Section J of the Summary.

  • Credit property insurance means insurance:

  • Liability Insurance means compulsory professional liability errors and omissions insurance required by a governing body;

  • Franchise insurance means an individual insurance policy provided through a

  • Primary Insurance Policy Each policy of primary mortgage guaranty insurance or any replacement policy therefor with respect to any Mortgage Loan.

  • Blanket insurance policy means a group policy covering a defined class of

  • ' Compensation Insurance With respect to all operations performed, the Party shall carry workers’ compensation insurance in accordance with the laws of the State of Vermont. Vermont will accept an out-of-state employer's workers’ compensation coverage while operating in Vermont provided that the insurance carrier is licensed to write insurance in Vermont and an amendatory endorsement is added to the policy adding Vermont for coverage purposes. Otherwise, the party shall secure a Vermont workers’ compensation policy, if necessary to comply with Vermont law.