Common use of Business Interruption Insurance Clause in Contracts

Business Interruption Insurance. Business Interruption Insurance with limits of not less than an amount equal to two (2) years rent hereunder. Notwithstanding the foregoing, Tenant may elect not to carry Business Interruption Insurance; provided, however, that in such event Tenant shall release Landlord from any and all liability arising during the Lease Term that would have been covered by such Business Interruption Insurance had Tenant elected to carry such coverage.

Appears in 4 contracts

Samples: Office Lease (Interactive Intelligence Group, Inc.), Office Lease (Interactive Intelligence Group, Inc.), Office Lease (Interactive Intelligence Group, Inc.)

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Business Interruption Insurance. Business Interruption Insurance with limits of not less than an amount equal to two (2) years rent hereunder. Notwithstanding the foregoing, Tenant may elect not to carry Business Interruption Insurance; provided, however, that in such event Tenant shall release Landlord from any and all liability arising during the Lease Term that would have been covered by such Business Interruption Insurance had Tenant elected to carry such coverage.

Appears in 3 contracts

Samples: Office Lease (MaxPoint Interactive, Inc.), Office Lease (Sciquest Inc), Office Lease (MaxPoint Interactive, Inc.)

Business Interruption Insurance. Business Interruption Insurance with limits of not less than an amount equal to two one (21) years year of rent hereunder. Notwithstanding the foregoing, Tenant may elect not to carry Business Interruption Insurance; provided, however, that in such event Tenant shall release Landlord from any and all liability arising during the Lease Term that would have been covered by such Business Interruption Insurance had Tenant elected to carry such coverage.

Appears in 1 contract

Samples: Office Lease (Channeladvisor Corp)

Business Interruption Insurance. Business Interruption Insurance with limits of not less than an amount equal to two six (26) years rent months Rent hereunder. Notwithstanding the foregoing, Tenant may elect not to carry Business Interruption Insurance; provided, however, that in such event Tenant shall release Landlord from any and all liability arising during the Lease Term that would have been covered by such Business Interruption Insurance had Tenant elected to carry such coverage.

Appears in 1 contract

Samples: Lease Agreement (Teavana Holdings Inc)

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Business Interruption Insurance. Business Interruption Insurance with limits of not less than an amount equal to two (2) years rent hereunderhereunder with pandemic coverage as part of business interruption so long as such coverage is available at commercially reasonable rates. Notwithstanding the foregoing, Tenant may elect not to carry Business Interruption Insurance; provided, however, that in such event Tenant shall release Landlord from any and all liability arising during the Lease Term that would have been covered by such Business Interruption Insurance had Tenant elected to carry such coverage.

Appears in 1 contract

Samples: Office Lease (Channeladvisor Corp)

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