Common use of Carried by Lessee Clause in Contracts

Carried by Lessee. Lessee shall obtain and keep in force a Commercial General Liability Policy of Insurance protecting Lessee and Lessor against claims for bodily Injury, personal injury and property damage based upon or arising out of the ownership, use, occupancy or maintenance of the Premises and all areas appurtenant thereto. Such insurance shall be on an occurrence basis providing single limit coverage in an amount not less than $2,000,000 per occurrence with an "ADDITIONAL INSURED-MANAGERS OR LESSORS OF PREMISES ENDORSEMENT" and contain the "AMENDMENT OF THE POLLUTION EXCLUSION ENDORSEMENT" for damage caused by heat, smoke or fumes from a hostile fire. The Policy shall not contain any intra-insured exclusions as between insured persons or organizations, but shall include coverage for liability assumed under this Lease as an 'Insured contract' for the performance of Lessee's indemnity obligations under this Lease. The limits of said insurance shall not, however, limit the liability of Lessee nor relieve Lessee of any obligation hereunder. All insurance carried by Lessee shall be primary to and not contributory with any similar Insurance carried by Lessor, whose insurance shall be considered excess insurance only. All policies required to be maintained by Lessee shall name Lessor, its property manager, and any lender of Lessor's, as additional insureds. in addition, Lessee shall obtain and keep in force during the term of the Lease, an "excess" or "umbrella" policy, in the amount of $5,000,000.00, which shall in all other respects conform to the requirements set forth herein for insurance to be carried by the Lessee, including, without limitation, those requirements concerning the named and additional insureds, the characteristics of the Insurer, and the providing of proof of coverage to Lessor.

Appears in 1 contract

Samples: Converse Inc

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Carried by Lessee. Lessee shall obtain and keep in force a Commercial General Liability Policy of Insurance protecting Lessee and Lessor against claims for bodily Injuryinjury, personal injury and property damage based upon or arising out of the ownership, use, occupancy or maintenance of the Premises and all areas appurtenant thereto. Such insurance shall be on an occurrence basis providing single limit coverage in an amount not less than $2,000,000 3,000,000 per occurrence with an "ADDITIONAL INSURED“Additional Insured-MANAGERS OR LESSORS OF PREMISES ENDORSEMENT" Managers or Lessors of Premises Endorsement” and contain the "AMENDMENT OF THE POLLUTION EXCLUSION ENDORSEMENT" “Amendment of the Pollution Exclusion Endorsement” for damage caused by heat, smoke or fumes from a hostile fire. The Policy shall not contain any intra-insured exclusions as between insured persons or organizations, but shall include coverage for liability assumed under this Lease as an 'Insured “insured contract' for the performance of Lessee's ’s indemnity obligations under this Lease. The limits of said insurance shall not, however, limit the liability of Lessee nor relieve Lessee of any obligation hereunder. All insurance carried by Lessee shall be primary to and not contributory with any similar Insurance insurance carried by Lessor, whose insurance shall be considered excess insurance only. All policies required to be maintained by Lessee shall name Lessor, its property manager, and any lender of Lessor's, as additional insureds. in In addition, Lessee shall obtain and keep in force during the term of the Lease, an "excess" excess or "umbrella" policy, umbrella insurance in the amount of $5,000,000.00, 5,000,000 which shall comply in all other respects conform to the with requirements set forth herein for insurance. The amount of insurance required to be carried by Lessee shall be subject to reasonable periodic increases specified by Lessor based upon the Lessee, including, without limitation, those requirements concerning the named and additional insuredsrecommendations of Lessor’s professional insurance advisers, the characteristics requirements of the Insurer, Lessor’s Lender and the providing of proof of coverage to Lessorother relevant factors.

Appears in 1 contract

Samples: Industrial Lease (Leapfrog Enterprises Inc)

Carried by Lessee. Lessee shall obtain and keep in force a Commercial General Liability Policy policy of Insurance insurance protecting Lessee and Lessor as an additional insured against claims for bodily Injuryinjury, personal injury and property damage based upon or arising out of the ownership, use, occupancy or maintenance of the Premises and all areas appurtenant thereto. Such insurance shall be on an occurrence basis providing single limit coverage in an amount not less than $2,000,000 10,000,000 1,000,000 per occurrence with an "ADDITIONAL INSUREDannual aggregate of not less than $10,000,000 2,000,000, an “Additional Insured-MANAGERS OR LESSORS OF PREMISES ENDORSEMENT" Managers or Lessors of Premises Endorsement” and contain the "AMENDMENT OF THE POLLUTION EXCLUSION ENDORSEMENT" “Amendment of the Pollution Exclusion Endorsement” for damage caused by heat, smoke or fumes from a hostile fire. The Policy policy shall not contain any intrainfra-insured exclusions as between insured persons or organizations, but shall include coverage for liability assumed under this Lease as an 'Insured “insured contract' for the performance of Lessee's indemnity ’s Indemnity obligations under this Lease. The limits of said insurance shall not, however, limit the liability of Lessee nor relieve Lessee of any obligation hereunder. All insurance carried by Lessee shall be primary to and not contributory with any similar Insurance insurance carried by Lessor, whose insurance shall be considered excess insurance only. All policies required to be maintained by Lessee shall name Lessorbe entitled to provide the foregoing insurance through a corporate policy or policies of blanket insurance, its property managerprovided such blanket policy(ies) (i) is in conformance with Paragraph 8.5 below, (ii) does not result in any decrease in insurance coverage required under this Paragraph 8, and any lender (iii) specifically allocates no less than $10,000,000 to the coverage required for the Premises. Upon request of Lessor's, as additional insureds. in addition, Lessee shall obtain provide Lessor with all documentation reasonably requested by Lessor setting forth the extent of such blanket coverage and keep in force during the term of the Lease, an "excess" or "umbrella" policy, in the amount of $5,000,000.00, which shall in all other respects conform portions thereof allocated to the requirements set forth herein for insurance Premises and allocated to be carried by the Lessee, including, without limitation, those requirements concerning the named and additional insureds, the characteristics of the Insurer, and the providing of proof of coverage to Lessorother property.

Appears in 1 contract

Samples: Letter Agreement (Virco MFG Corporation)

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Carried by Lessee. Lessee shall obtain and keep in force a Commercial General Liability Policy policy of Insurance insurance protecting Lessee and Lessor as an additional insured against claims for bodily Injuryinjury, personal injury and property damage based upon or arising out of the ownership, use, occupancy or maintenance of the Premises and all areas appurtenant thereto. Such insurance shall be on an occurrence a reporting basis providing that is commercially reasonable and available, based on market conditions at the time of policy placement. Claims Made coverage is acceptable provided such coverage includes Tail Coverage (Extended Reporting Period) purchased for at least twelve (12) months should coverage be cancelled or non-renewed. Such coverage should provide single limit coverage in an amount not less than $2,000,000 per occurrence with an annual aggregate of not less than $5,000,000, an "ADDITIONAL INSUREDAdditional Insured-MANAGERS OR LESSORS OF PREMISES ENDORSEMENTManagers or Lessors of Premises Endorsement" and contain the "AMENDMENT OF THE POLLUTION EXCLUSION ENDORSEMENTAmendment of the Pollution Exclusion Endorsement" for damage caused by heat, smoke or fumes from a hostile fire. The Policy policy shall not contain any intra-insured exclusions as between insured persons or organizations, but shall include coverage for liability assumed under this Lease lease as an 'Insured "insured contract' " for the performance of Lessee's indemnity obligations under this Lease. The limits of said insurance shall not, however, limit the liability of Lessee nor relieve Lessee of any obligation hereunder. All insurance carried by Lessee shall be primary to and not contributory with any similar Insurance insurance carried by Lessor, whose insurance shall be considered excess insurance only. All policies required to be maintained by Lessee shall name Lessor, its property manager, and any lender of Lessor's, as additional insureds. in addition, Lessee shall obtain and keep in force during the term of the Lease, an "excess" or "umbrella" policy, in the amount of $5,000,000.00, which shall in all other respects conform to the requirements set forth herein for insurance to be carried by the Lessee, including, without limitation, those requirements concerning the named and additional insureds, the characteristics of the Insurer, and the providing of proof of coverage to Lessor.

Appears in 1 contract

Samples: Xoma LTD /De/

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