Common use of Blanket Policy Clause in Contracts

Blanket Policy. Notwithstanding anything to the contrary contained in this Article 15, Tenant's obligations to carry the insurance provided for herein may be brought within the coverage of a so-called blanket policy or policies of insurance carried and maintained by Tenant; PROVIDED, HOWEVER, that the coverage afforded Landlord will not be reduced or diminished or otherwise be different from that which would exist under a separate policy meeting all other requirements of this Lease by reason of the use of such blanket policy of insurance, and provided further that the requirements of this Article 15 are otherwise satisfied. The amount of this total insurance allocated to each of the Leased Properties, which amount shall be not less than the amounts required pursuant to Sections 15.1 and 15.2, shall be specified either (i) in each such "blanket" or umbrella policy or (ii) in a written statement, which Tenant shall deliver to Landlord and Facility Mortgagee, from the insurer thereunder. A certificate of each such "blanket" or umbrella policy shall promptly be delivered to Landlord and Facility Mortgagee.

Appears in 15 contracts

Samples: Lease (Golf Trust of America Inc), Lease (Golf Trust of America Inc), Lease (Golf Trust of America Inc)

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Blanket Policy. Notwithstanding anything to the contrary contained in this Article 15, Tenant's obligations to carry the insurance provided for herein may be brought within the coverage of a so-called blanket policy or policies of insurance carried and maintained by Tenant; PROVIDED, HOWEVER, that the coverage afforded Landlord will not be reduced or diminished or otherwise be different from that which would exist under a separate policy meeting all other requirements of this Lease by reason of the use of such blanket policy of insurance, and provided further that the requirements of this Article 15 are otherwise satisfied. The amount of this total insurance allocated to each of the Other Leased Properties, which amount shall be not less than the amounts required pursuant to Sections 15.1 and 15.2, shall be specified either (i) in each such "blanket" or umbrella policy or (ii) in a written statement, which Tenant shall deliver to Landlord and Facility Mortgagee, from the insurer thereunder. A certificate of each such "blanket" or umbrella policy shall promptly be delivered to Landlord and Facility Mortgagee.

Appears in 2 contracts

Samples: Secondary Collateral Pledge Agreement (Golf Trust of America Inc), Golf Trust of America Inc

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Blanket Policy. Notwithstanding anything to the contrary contained in this Article 1513, Tenant's obligations to carry the insurance provided for herein may be brought within the coverage of a so-called blanket policy or policies of insurance carried and maintained by Tenant; PROVIDEDprovided, HOWEVERhowever, that the coverage afforded Landlord and each Facility Mortgagee will not be reduced or diminished or otherwise be different from that which would exist under a separate policy meeting all other requirements of this Lease by reason of the use of such blanket policy of insurance, and provided further that the requirements of this Article 15 13 are otherwise satisfied. The amount of this the total insurance allocated to each of the Leased PropertiesProperty, which amount shall be not less than the amounts required pursuant to Sections 15.1 and 15.2Section 13.1, shall be specified either (i) in each such "blanket" or umbrella policy or (ii) in a written statement, which Tenant shall deliver to Landlord and Facility Mortgagee, from the insurer thereunder. A certificate and copy of each such "blanket" or umbrella policy shall promptly be delivered to Landlord and Facility Mortgagee.

Appears in 1 contract

Samples: Lease ( (Presidio Golf Trust)

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