Common use of Building and Improvements Clause in Contracts

Building and Improvements. The Insuring Party shall obtain and keep in force during the Term of this Lease a policy or policies in the name of Landlord, with loss payable to Landlord and to the holders of any mortgages, deeds of trust or ground leases on the Property ("LENDER(S)"), insuring loss or damage to the Property. The amount of such insurance shall be equal to the full replacement cost of the Property, as the same shall exist from time to time, or the amount 17 required by Lender(s), but in no event more than the commercially reasonable and available insurable value thereof if, by reason of the unique nature or age of the improvements involved, such latter amount is less than full replacement cost. Such policy or policies shall insure against all risks of direct physical loss or damage (including Boiler and Machinery coverage and the perils of flood and earthquake), including coverage for any additional costs resulting from debris removal and reasonable amounts of coverage for the enforcement of any ordinance or law regulating the reconstruction or replacement of any undamaged sections of the Property required to be demolished shall also contain an agreed valuation provision in lieu of any coinsurance clause, waiver of subrogation and inflation guard protection causing an increase in the annual property insurance coverage amount by a factor of not less than the adjusted U.S. Department of Labor Consumer Price Index for All Urban Consumers for the city nearest to where the Property is located. If such insurance coverage has a deductible clause, then Tenant shall be liable for its proportionate share of such deductible amount. Even if Landlord is the Insuring Party, Tenant's personal property shall be insured by Tenant under P.16.d. rather than by Landlord.

Building and Improvements. The Insuring Party shall obtain and keep in force during the Term of this Lease a policy or policies in the name of Landlord, with loss payable to Landlord and to the holders of any mortgages, deeds of trust or ground leases on the Property ("LENDER(S)"), insuring loss or damage to the Property. The amount of such insurance shall be equal to the full replacement cost of the Property, as the same shall exist from time to time, or the amount 17 required by Lender(s), but in no event more than the commercially reasonable and available insurable value thereof if, by reason of the unique nature or age of the improvements involved, such latter amount is less than full replacement cost. Such policy or policies shall insure against all risks of direct physical loss or damage (including Boiler and Machinery coverage and the perils of flood and earthquake), including coverage for any additional costs resulting from debris removal and reasonable amounts of coverage for the enforcement of any ordinance or law regulating the reconstruction or replacement of any undamaged sections of the Property required to be demolished shall also contain an agreed valuation provision in lieu of any coinsurance clause, waiver of subrogation and inflation guard protection causing an increase in the annual property insurance coverage amount by a factor of not less than the adjusted U.S. Department of Labor Consumer Price Index for All Urban Consumers for the city nearest to where the Property is located. If such insurance coverage has a deductible clause, then Tenant shall be liable for its proportionate share of such deductible amount. Even if Landlord is the Insuring Party, Tenant's personal property shall be insured by Tenant under P.16.d(P)16.d. rather than by Landlord.

Building and Improvements. The Insuring Party shall obtain and keep in force during the Term of this Lease a policy or policies in the name of Landlord, with loss payable to Landlord and to the holders of any mortgages, deeds of trust or ground leases on the Property Premises ("LENDER(SLender(s)"), insuring loss or damage to the PropertyPremises. The amount of such insurance shall be equal to the full replacement cost of the PropertyPremises, as the same shall exist from time to time, or the amount 17 required by Lender(s), but in no event more than the commercially reasonable and available insurable value thereof if, by reason of the unique nature or age of the improvements involved, such latter amount is Is less than full replacement cost. Such policy or policies shall insure against all risks of direct physical loss or damage (including Boiler and Machinery coverage and the perils of flood and earthquake), including coverage for any additional costs resulting from debris removal and reasonable amounts of coverage for the enforcement of any ordinance or law regulating the reconstruction or replacement of any undamaged sections of the Property Premises required to be demolished shall also contain an agreed valuation provision in lieu of any coinsurance clause, waiver of subrogation and inflation guard protection causing an increase in the annual property insurance Insurance coverage amount by a factor of not less than the adjusted U.S. Department of Labor Consumer Price Index for All Urban Consumers for the city nearest to where the Property is Premises are located. If such insurance coverage has a deductible clause, then Tenant shall be liable for its proportionate share of such deductible amount. Even if Landlord is the Insuring Party, Tenant's personal property shall be insured by Tenant under P.16.d(P)16.d. rather than by Landlord.

Building and Improvements. The Insuring Party shall obtain and keep in force during the Term of this Lease a policy or policies in the name of Landlord, with loss payable to Landlord and to the holders of any mortgages, deeds of trust or ground leases on the Property Business Park ("LENDER(S“Lender(s)"”), insuring loss or damage to the PropertyBusiness Park. The amount of such insurance shall be equal to the full replacement cost of the PropertyBusiness Park, as the same shall exist from time to time, or the amount 17 required by Lender(s), but in no event more than the commercially reasonable and available insurable value thereof if, by reason of the unique nature or age of the improvements involved, such latter amount is less than full replacement cost. Such policy or policies shall insure against all risks of direct physical loss or damage (including Boiler and Machinery coverage and the perils of flood and earthquake), including coverage for any additional costs resulting from debris removal and reasonable amounts of coverage for the enforcement of any ordinance or law regulating the reconstruction or replacement of any undamaged sections of the Property Business Park required to be demolished shall also contain an agreed valuation provision in lieu of any coinsurance clause, waiver of subrogation and inflation guard protection causing an increase in the annual property insurance coverage amount by a factor of not less than the adjusted U.S. Department of Labor Consumer Price Index for All Urban Consumers for the city nearest to where the Property Business Park is located. If such insurance coverage has a deductible clause, then Tenant shall be liable for its proportionate share of such deductible amount. Even if Landlord is the Insuring Party, Tenant's ’s personal property shall be insured by Tenant under P.16.d¶16.d. rather than by Landlord.

Building and Improvements. The Insuring Party shall obtain and keep in force during the Term term of this Lease lease a policy or policies in the name of LandlordLessor, with loss payable to Landlord Lessor but naming Lessee as an additional insured) and to the holders of any mortgages, deeds of trust or ground leases on the Property Premises ("LENDER(SLender(s)"), insuring loss or damage to the PropertyPremises. The amount of such insurance shall be equal to the full replacement cost of the PropertyPremises, as the same shall exist from time to time, or the amount 17 required by Lender(s)Lenders, but in no event more than the commercially reasonable and available insurable value thereof if, by reason of the unique nature or age of the improvements involved, such latter amount is less than full replacement cost. Such If Lessor is the Insuring Party, however, Lessee Owned Alterations and Utility Installations shall be insured by Lessee under Paragraph 8.4 rather than by Lessor. If the coverage is available and commercially appropriate, such policy or policies shall insure against all risks of direct physical loss or damage (including Boiler and Machinery coverage and except the perils of flood and earthquakeunless required by a Lender), including coverage for any additional costs cost resulting from debris removal and reasonable amounts of coverage for the enforcement of any ordinance building, zoning, safety or law regulating land use laws as the reconstruction result of a covered cause of loss. Said policy or replacement of any undamaged sections of the Property required to be demolished policies shall also contain an agreed valuation provision in lieu of any coinsurance clause, waiver of subrogation subrogation, and inflation guard protection causing an increase in the annual property insurance coverage amount by a factor of not less than the adjusted U.S. Department of Labor Consumer Price Index for All Urban Consumers for the city nearest to where the Property is Premises are located. If such insurance coverage has a deductible clause, then Tenant the deductible amount shall not exceed $1,000 per occurrence, and Lessee shall be liable for its proportionate share of such deductible amount. Even if Landlord is amount in the Insuring Partyevent of an Insured Loss, Tenant's personal property shall be insured by Tenant under P.16.d. rather than by Landlordas defined in Paragraph 9.1(c).

Building and Improvements. The Insuring Party shall obtain and keep in force during the Term of this Lease a policy or policies in the name of Landlord, with loss payable to Landlord and to the holders of any mortgages, deeds of trust or ground leases on the Property Premises ("LENDER(SLENDER(s)"), insuring loss or damage to the PropertyPremises. The amount of such insurance shall be equal to the full replacement cost of the PropertyPremises, as the same shall exist from time to time, or the amount 17 required by Lender(s), but in no event more than the commercially reasonable and available insurable value thereof if, by reason of the unique nature or age of the improvements involved, such latter amount is less than full replacement cost. Such policy or policies shall insure against all risks of direct physical loss or damage (including Boiler and Machinery coverage and the perils of flood and earthquake), including coverage for any additional costs resulting from debris removal and reasonable amounts of coverage for the enforcement of any ordinance or law regulating the reconstruction or replacement of any undamaged sections of the Property Premises required to be demolished shall also contain an agreed valuation provision in lieu of any coinsurance clause, waiver of subrogation and inflation guard protection causing an increase in the annual property insurance coverage amount by a factor of not less than the adjusted U.S. Department of Labor Consumer Price Index for All Urban Consumers for the city nearest to where the Property is Premises are located. If such insurance coverage has a deductible clause, then Tenant shall be liable for its proportionate share of such deductible amount. Even if Landlord is the Insuring Party, Tenant's personal property shall be insured by Tenant under P.16.dParagraph 16.d. rather than by Landlord.

Building and Improvements. The Insuring Party shall obtain and keep in force during the Term of this Lease a policy or policies in the name of Landlord, with loss payable to Landlord and to the holders of any mortgages, deeds of trust or ground leases on the Property Business Park ("LENDER(SLender(s)"), insuring loss or damage to the PropertyBusiness Park. The amount of such insurance shall be equal to the full replacement cost of the PropertyBusiness Park, as the same shall exist from time to time, or the amount 17 required by Lender(s), but in no event more than the commercially reasonable and available insurable value thereof if, by reason of the unique nature or age of the improvements involved, such latter amount is less than full replacement cost. Such policy or policies shall insure against all risks of direct physical loss or damage (including Boiler and Machinery coverage and the perils of flood and earthquake), including coverage for any additional costs resulting from debris removal and reasonable amounts of coverage for the enforcement of any ordinance or law regulating the reconstruction or replacement of any undamaged sections of the Property Business Park required to be demolished shall also contain an agreed valuation provision in lieu of any coinsurance clause, waiver of subrogation and inflation guard protection causing an increase in the annual property insurance coverage amount by a factor of not less than the adjusted U.S. Department of Labor Consumer Price Index for All Urban Consumers for the city nearest to where the Property Business Park is located. If such insurance coverage has a deductible clause, then Tenant shall be liable for its proportionate share of such deductible amount. Even if Landlord is the Insuring Party, Tenant's personal property shall be insured by Tenant under P.16.dP. 16.d. rather than by Landlord.