Common use of By Tenant Clause in Contracts

By Tenant. Tenant shall, during the Term of the Lease, procure and maintain: i. Insurance against fire, earthquake, flood, vandalism, and other such perils as are from time to time included in a standard extended coverage endorsement insuring: the building and improvements to the Premises; any permitted alterations, additions, or improvements made by Tenant to the premises at any time; and Tenant’s trade fixtures, furniture, furnishings, decorations, personal property, signs, inventory, and contents in an amount equal to 100% actual replacement cost, including, by endorsement, any increase in the value of any such improvements or property mentioned hereinabove resulting from increased construction cost, exclusive of depreciation and further to insure against business interruption and loss coverage. Such policy of insurance shall be issued in the name and for the benefit of Tenant, and Landlord and the Board of Commissioners of Vanderburgh County, Indiana shall be named as additional insureds; and ii. Comprehensive general liability insurance on an occurrence basis with a minimum limit of liability in an amount of $1,000,000.00 and which insurance shall contain a contractual liability endorsement covering the matters set forth in Section 22. Such insurance shall be issued in the name and for the benefit of Tenant, and Landlord and the Board of Commissioners of Vanderburgh County, Indiana shall be named as additional insureds. Said policy shall contain an endorsement that Landlord and the Board of Commissioners of Vanderburgh County, Indiana, although named as additional insureds, nevertheless shall be entitled to recover under said policies for any loss or damage occasioned to them, their agents and employees by reason of the negligence of Tenant. All policies of insurance procured by Tenant shall contain endorsements providing that such insurance may not be materially changed or canceled with respect to Landlord or the Board of Commissioners of Vanderburgh County, Indiana, except after twenty (20) days prior written notice from the insurance company or Tenant to Landlord, and that parties named as additional insureds shall have no obligation for the payment of premiums. The minimum limits of any insurance coverage required herein to be carried by Tenant shall not limit Tenant’s liability under Section 22 hereof. If Tenant fails or refuses to procure and maintain the required amount of insurance and as a result thereof Landlord is adjudged a coinsurer, then any losses or penalties sustained by Landlord shall be paid for by Tenant upon receipt of a bill from Landlord together with reasonably satisfactory evidence of such loss or penalty, and the same shall be considered Additional Rent.

By Tenant. Tenant shall, during the Term of the Lease, procure and maintain: i. Insurance against fire, earthquake, flood, vandalism, and other such perils as are from time to time included in a standard extended coverage endorsement insuring: the building and improvements to the Premises; any permitted alterations, additions, or improvements made by Tenant to the premises at any time; and Tenant’s trade fixtures, furniture, furnishings, decorations, personal property, signs, inventory, and contents in an amount equal to 100% actual replacement cost, including, by endorsement, any increase in the value of any such improvements or property mentioned hereinabove resulting from increased construction cost, exclusive of depreciation and further to insure against business interruption and loss coverage. Such policy of insurance shall be issued in the name and for the benefit of Tenant, and Landlord and the Board of Commissioners of Vanderburgh County, Indiana shall be named as additional insureds; and ii. Comprehensive general liability insurance on an occurrence basis with a minimum limit of liability in an amount of $1,000,000.00 and which insurance shall contain a contractual liability endorsement covering the matters set forth in Section 22. Such insurance shall be issued in the name and for the benefit of Tenant, and Landlord and the Board of Commissioners of Vanderburgh County, Indiana shall be named as additional insureds. Said policy shall contain an endorsement that Landlord and the Board of Commissioners of Vanderburgh County, Indiana, although named as additional insureds, nevertheless shall be entitled to recover under said policies for any loss or damage occasioned to them, their agents and employees by reason of the negligence of Tenant. All policies of insurance procured by Tenant shall contain endorsements providing that such insurance may not be materially changed or canceled with respect to Landlord or the Board of Commissioners of Vanderburgh County, Indiana, except after twenty (20) days prior written notice from the insurance company or Tenant to Landlord, and that parties named as additional insureds shall have no obligation for the payment of premiums. The minimum limits of any insurance coverage required herein to be carried by Tenant shall not limit Tenant’s liability under Section 22 hereof. If Tenant fails or refuses to procure and maintain the required amount of insurance and as a result thereof Landlord is adjudged a coinsurer, then any losses or penalties sustained by Landlord shall be paid for by Tenant upon receipt of a bill ▇▇▇▇ from Landlord together with reasonably satisfactory evidence of such loss or penalty, and the same shall be considered Additional Rent.

By Tenant. Tenant shall, during the Term of the Lease, procure and maintain: i. (i) Insurance against fire, earthquake, flood, vandalism, and other such perils as are from time to time included in a standard extended coverage endorsement insuring: the building and improvements to the Premises; any permitted alterations, additions, or improvements made by Tenant to the premises at any time; and Tenant’s trade fixtures, furniture, furnishings, decorations, personal property, signs, inventory, and contents in an amount equal to 100% actual replacement cost, including, by endorsement, any increase in the value of any such improvements or property mentioned hereinabove resulting from increased construction cost, exclusive of depreciation and further to insure against business interruption and loss coverage. Such policy of insurance shall be issued in the name and for the benefit of Tenant, and Landlord and the Board of Commissioners of Vanderburgh County, Indiana shall be named as additional insureds; and (ii. ) Comprehensive general liability insurance on an occurrence basis with a minimum limit of liability in an amount of $1,000,000.00 2,000,000.00 and which insurance shall contain a contractual liability endorsement covering the matters set forth in Section 2223. Such insurance shall be issued in the name and for the benefit of Tenant, and Landlord and the Board of Commissioners of Vanderburgh County, Indiana shall be named as additional insureds. Said policy shall contain an endorsement that Landlord and the Board of Commissioners of Vanderburgh County, Indiana, although named as additional insureds, nevertheless shall be entitled to recover under said policies for any loss or damage occasioned to them, their agents and employees by reason of the negligence of Tenant. ; All policies of insurance procured by Tenant shall contain endorsements providing that such insurance may not be materially changed or canceled with respect to Landlord or the Board of Commissioners of Vanderburgh County, Indiana, except after twenty (20) days prior written notice from the insurance company or Tenant to Landlord, and that parties named as additional insureds shall have no obligation for the payment of premiums. The minimum limits of any insurance coverage required herein to be carried by Tenant shall not limit Tenant’s liability under Section 22 23 hereof. If Tenant fails or refuses to procure and maintain the required amount of insurance and as a result thereof Landlord is adjudged a coinsurer, then any losses or penalties sustained by Landlord shall be paid for by Tenant upon receipt of a bill from Landlord together with reasonably satisfactory evidence of such loss or penalty, and the same shall be considered Additional Rent.

By Tenant. Tenant shall, during the Term of the Lease, procure and maintain: i. (i) Insurance against fire, earthquake, flood, vandalism, and other such perils as are from time to time included in a standard extended coverage endorsement insuring: the building and improvements to the Premises; any permitted alterations, additions, or improvements made by Tenant to the premises at any time; and Tenant’s trade fixtures, furniture, furnishings, decorations, personal property, signs, inventory, and contents in an amount equal to 100% actual replacement cost, including, by endorsement, any increase in the value of any such improvements or property mentioned hereinabove resulting from increased construction cost, exclusive of depreciation and further to insure against business interruption and loss coverage. Such policy of insurance shall be issued in the name and for the benefit of Tenant, and Landlord and the Board of Commissioners of Vanderburgh County, Indiana shall be named as additional insureds; and (ii. ) Comprehensive general liability insurance on an occurrence basis with a minimum limit of liability in an amount of $1,000,000.00 and which insurance shall contain a contractual liability endorsement covering the matters set forth in Section 22. Such insurance shall be issued in the name and for the benefit of Tenant, and Landlord and the Board of Commissioners of Vanderburgh County, Indiana shall be named as additional insureds. Said policy shall contain an endorsement that Landlord and the Board of Commissioners of Vanderburgh County, Indiana, although named as additional insureds, nevertheless shall be entitled to recover under said policies for any loss or damage occasioned to them, their agents and employees by reason of the negligence of Tenant. ; All policies of insurance procured by Tenant shall contain endorsements providing that such insurance may not be materially changed or canceled with respect to Landlord or the Board of Commissioners of Vanderburgh County, Indiana, except after twenty (20) days prior written notice from the insurance company or Tenant to Landlord, and that parties named as additional insureds shall have no obligation for the payment of premiums. The minimum limits of any insurance coverage required herein to be carried by Tenant shall not limit Tenant’s liability under Section 22 hereof. If Tenant fails or refuses to procure and maintain the required amount of insurance and as a result thereof Landlord is adjudged a coinsurer, then any losses or penalties sustained by Landlord shall be paid for by Tenant upon receipt of a bill ▇▇▇▇ from Landlord together with reasonably satisfactory evidence of such loss or penalty, and the same shall be considered Additional Rent.