Common use of Earthquake and Flood Insurance Clause in Contracts

Earthquake and Flood Insurance. In addition to any other insurance policies carried by Landlord in connection with the Building, Landlord may elect to procure and maintain in full force and effect during the Term with respect to the Building a policy of earthquake/volcanic action and flood and/or surface water insurance, including rental value insurance against abatement or loss of rent in the case of damage or loss covered under the earthquake/volcanic and flood and/or surface water insurance, in an amount up to one hundred percent (100%) of the full replacement cost (including debris removal and demolition) of the Building.

Appears in 2 contracts

Samples: Lease (Renovis Inc), Leapfrog Enterprises Inc

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Earthquake and Flood Insurance. In addition to any other insurance policies carried by Landlord in connection with the Building, Landlord may elect to procure and maintain in full force and effect during the Term with respect to the Building a policy of earthquake/volcanic action and flood and/or surface water insurance, including rental value insurance against abatement or loss of rent in the case of damage or loss covered under the earthquake/volcanic and flood and/or surface water insurance, in an amount up equal to one hundred percent (100%) of the full replacement cost (including debris removal and demolition) of the Building.of

Appears in 1 contract

Samples: Lease Agreement (Pacific State Bancorp)

Earthquake and Flood Insurance. In addition to any other insurance policies carried by Landlord in connection with the BuildingProperty, Landlord may elect to procure and maintain in full force and effect during the Term Term, with respect to the Building Property, a policy of earthquake/volcanic action and flood and/or surface water insurance, in an amount not to exceed one hundred percent (100%) of the full insurance replacement value (including debris removal and demolition of the Property, including rental value insurance against abatement or loss of rent in the case of damage or loss covered under the such earthquake/volcanic and flood and/or surface water insurance, in an amount up to one hundred percent (100%) of the full replacement cost (including debris removal and demolition) of the Building.

Appears in 1 contract

Samples: Circuit Research Labs Inc

Earthquake and Flood Insurance. In addition to any other insurance policies carried by Landlord in connection with the BuildingProject, Landlord may may, in its sole discretion, elect to procure and maintain in full force and effect during the Term Term, with respect to the Building Project, a policy of earthquake/volcanic action and flood and/or surface water insurance, including rental value insurance against abatement or loss of rent in the case of damage or loss covered under the earthquake/volcanic and flood and/or surface water insurance, in an amount up to one hundred percent (100%) of the full replacement cost (including debris removal and demolition) of the Building.

Appears in 1 contract

Samples: Office Lease (Futureone Inc /Nv/)

Earthquake and Flood Insurance. In addition to any other insurance policies carried by Landlord in connection with the Building, Landlord may elect to procure and maintain in full force and effect during the Term with respect to the Building a policy of earthquake/volcanic action and flood and/or surface water insurance, including rental value insurance against abatement or loss of rent in the case of damage or loss covered under the earthquake/volcanic and flood and/or surface water insurance, in an amount up to one hundred percent (100%) [...***...] of the full replacement cost (including debris removal and demolition) of the Building.

Appears in 1 contract

Samples: Lease (Lynx Therapeutics Inc)

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Earthquake and Flood Insurance. In addition to any other insurance policies carried by Landlord in connection with the Building, Landlord may elect to procure and maintain in full force and effect during the Term with respect to the Building a policy of earthquake/volcanic action and flood and/or surface water insurance, including rental value insurance against abatement or loss of rent in the case of damage or loss covered under the such earthquake/volcanic and flood and/or surface water insurance, in an amount up at least equal to the amount of Rent payable by Tenant during the one hundred percent (100%1) of the full replacement cost (including debris removal and demolition) of the Buildingyear next ensuing, as reasonably determined by Landlord.

Appears in 1 contract

Samples: Cost U Less Inc

Earthquake and Flood Insurance. In addition to any other insurance policies carried by Landlord in connection with the Building, Landlord may elect to procure and maintain in full force and effect during the Term with respect to the Building a policy of earthquake/volcanic action and flood and/or surface water insurance, including rental value insurance against abatement or loss of rent in the case of damage or loss covered under the earthquake/volcanic and flood and/or surface water insurance, in an amount up equal to one hundred percent (100%) of the full insurance replacement cost value (including debris removal and demolition) of the Building.

Appears in 1 contract

Samples: North Valley Bancorp

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