Common use of Fire and Extended Coverage Insurance Clause in Contracts

Fire and Extended Coverage Insurance. Tenant shall, at Tenant's sole ------------------------------------ cost, maintain on Tenant's Alterations and Tenant's Personal Property (as defined below) a policy of standard fire and extended coverage and special form insurance, with vandalism and malicious mischief endorsements, coverage with respect to increased costs due to building ordinances, demolition coverage, boiler and machinery insurance, and sprinkler leakage coverage, in each case to the extent of at least 100 percent of full replacement value, and issued in the name of Tenant with Landlord, Landlord's lender and Landlord's designated agent as additional insureds. Such "full replacement value" shall be determined by Tenant or the company issuing such policy at the time the policy is initially obtained. Not more frequently than once every two years, either Landlord or Tenant may, at its election, notify the other that it elects to have the replacement value redetermined by an insurance company. Such redetermination shall be made promptly and in accordance with the rules and practices of the Board of Fire Underwriters, or a like board recognized and generally accepted by the insurance company, and Landlord and Tenant shall be promptly notified of the results by the company. Such policy shall be promptly adjusted according to such redetermination.

Appears in 2 contracts

Samples: Copper Mountain Networks Inc, Copper Mountain Networks Inc

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Fire and Extended Coverage Insurance. Tenant Subtenant shall, at Tenant's Subtenant’s sole ------------------------------------ cost, maintain on Tenant's Subtenant’s Alterations and Tenant's Subtenant’s Personal Property (as defined below) a policy of standard fire and extended coverage and special form insurance, with vandalism and malicious mischief endorsements, coverage with respect to increased costs due to building ordinances, demolition coverage, boiler and machinery insurance, and sprinkler leakage coverage, in each case to the extent of at least 100 one hundred percent (100%) of full replacement value, and (if reasonably deemed appropriate by Sublessor) business interruption insurance, issued in the name names of Tenant with LandlordSublessor, Landlord's lender Subtenant, and Landlord's designated agent Sublessor’s Lender, as additional insuredstheir interests may appear. Such "full replacement value" shall be determined by Tenant or the company issuing such policy at the time the policy is initially obtained. Not more frequently than once every two years, either Landlord Sublessor or Tenant Subtenant may, at its election, notify the other that it elects to have the replacement value redetermined by an insurance company. Such redetermination shall be made promptly and in accordance with the rules and practices of the Board of Fire Underwriters, or a like board recognized and generally accepted by the insurance company, and Landlord Sublessor and Tenant Subtenant shall be promptly notified of the results by the company. Such policy shall be promptly adjusted according to such redetermination.

Appears in 1 contract

Samples: Sublease Agreement (iVOW, Inc.)

Fire and Extended Coverage Insurance. Tenant shall, at Tenant's sole ------------------------------------ cost, maintain on Tenant's Alterations and Tenant's Personal Property (as defined below) ), and also on systems and equipment either contained within the Premises or in air spaces, walls, roof areas, or other portions of the Building or the Project and which exclusively serve the Premises, a policy of standard fire and extended coverage and special form insurance, with vandalism "inflation guard," vandalism, and malicious mischief endorsements, coverage with respect to increased costs due to building ordinances, demolition coverage, boiler and machinery insurance, and sprinkler leakage coverage, in each case to the extent of at least 100 percent 100% of full replacement value, and issued in the name of Tenant Tenant—with Landlord, Landlord's lender Lender, and Landlord's designated agent as additional insureds. Such "full replacement value" shall be determined by Tenant or the company issuing such policy at the time the policy is initially obtained. Not more frequently than once every two years, either Landlord or Tenant may, at its election, notify the other that it elects to have the replacement value redetermined by an insurance company or a qualified appraisal company, such cost of which, if any, to be borne by the electing party. Such redetermination shall be made promptly and in accordance with the rules and practices of the Board of Fire Underwriters, or a like board recognized and generally accepted by the insurance company, and Landlord and Tenant shall be promptly notified of the results by the insurance company. Such policy shall be promptly adjusted according to such redetermination. The foregoing casualty insurance may be maintained under blanket policies so long as there is no diminution in the quality or availability of the required coverage.

Appears in 1 contract

Samples: Attornment Agreement (Bridgepoint Education Inc)

Fire and Extended Coverage Insurance. Tenant shall, at Tenant's ’s sole ------------------------------------ cost, maintain on Tenant's ’s Alterations and Tenant's ’s Personal Property (as defined below) a policy of standard fire and extended coverage and special form insurance, with vandalism and malicious mischief endorsements, coverage with respect to increased costs due to building ordinances, demolition coverage, boiler and machinery insurance, and sprinkler leakage coverage, in each case to the extent of at least 100 percent of full replacement value, and issued in the name of Tenant—with building ordinance protection, demolition coverage, boiler and machinery insurance, and sprinkler leakage coverage, in each case to the extent of at least 100 percent of full replacement value, and issued in the name of Tenant with Landlord, Landlord's lender ’s Lender, and Landlord's ’s designated agent as additional insureds. Such "full replacement value" shall be determined by Tenant or the company issuing such policy at the time the policy is initially obtained. Not more frequently than once every two years, either Landlord or Tenant may, at its election, notify the other that it elects to have the replacement value redetermined by an insurance company. Such redetermination shall be made promptly and in accordance with the rules and practices of the Board of Fire Underwriters, or a like board recognized and generally accepted by the insurance company, and Landlord and Tenant shall be promptly notified of the results by the insurance company. Such policy shall be promptly adjusted according to such redetermination. The foregoing casualty insurance may be maintained under blanket policies so long as there is no diminution in the quality or availability of the required coverage.

Appears in 1 contract

Samples: Modified Gross Office Lease (Bakbone Software Inc)

Fire and Extended Coverage Insurance. Tenant shall, at Tenant's ’s sole ------------------------------------ cost, maintain on Tenant's ’s Alterations and Tenant's ’s Personal Property (as defined below) a policy of standard fire and extended coverage and special form insurance, with vandalism “inflation guard,” vandalism, and malicious mischief endorsements, coverage with respect to increased costs due to building ordinances, demolition coverage, boiler and machinery insurance, and sprinkler leakage coverage, in each case to the extent of at least 100 percent 100% of full replacement value, and issued in the name of Tenant with Landlord, Landlord's lender ’s Lender, and Landlord's ’s designated agent as additional insureds. Such "full replacement value" shall be determined by Tenant or the company issuing such policy at the time the policy is initially obtained. Not more frequently than once every two (2) years, either Landlord or Tenant may, at its election, notify the other that it elects to have the replacement value redetermined re-determined by an insurance company. Such redetermination shall be made promptly and in accordance with the rules and practices of the Board of Fire Underwriters, or a like board recognized and generally accepted by the insurance company, and Landlord and Tenant shall be promptly notified of the results by the insurance company. Such policy shall be promptly adjusted according to such redetermination. The foregoing casualty insurance may be maintained under blanket policies so long as there is no diminution in the quality or availability of the required coverage.

Appears in 1 contract

Samples: Gross Office Lease (BeautyKind Holdings, Inc.)

Fire and Extended Coverage Insurance. Tenant shall, at Tenant's ’s sole ------------------------------------ cost, maintain on Tenant's ’s Alterations and Tenant's ’s Personal Property (as defined below) a policy of standard fire and extended coverage and special form insurance, with vandalism and malicious mischief endorsements, coverage with respect to increased costs due to building ordinances, demolition coverage, boiler and machinery insurance, and sprinkler leakage coverage, in each case to the extent of at least 100 percent of full replacement value, and issued in the name of Tenant with Landlord, Landlord's lender ’s Lender and Landlord's ’s designated agent as additional insureds. Such "full replacement value" shall be determined by Tenant or the company issuing such policy at the time the policy is initially obtained. Not more frequently than once every two years, either Landlord or Tenant may, at its election, notify the other that it elects to have the replacement value redetermined by an insurance company. Such redetermination shall be made promptly and in accordance with the rules and practices of the Board of Fire Underwriters, or a like board recognized and generally accepted by the insurance company, and Landlord and Tenant shall be promptly notified of the results by the insurance company. Such policy shall be promptly adjusted according to such redetermination.

Appears in 1 contract

Samples: Gross Office Lease (Bakbone Software Inc)

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Fire and Extended Coverage Insurance. Tenant shall, at Tenant's ’s sole ------------------------------------ cost, maintain on Tenant's ’s Alterations and Tenant's ’s Personal Property (as defined below) a policy of standard fire and extended coverage and special form insuranceInsurance, with vandalism and malicious mischief endorsements, coverage with respect to increased costs due to building ordinances, demolition coverage, boiler and machinery insurance, and sprinkler leakage coverage, in each case to the extent of at least 100 percent of full replacement value, and issued in In the name of Tenant with Landlord, Landlord's lender ’s Lender, and Landlord's ’s designated agent as additional insureds. Such "full replacement value" shall be determined by Tenant or the company issuing such policy at the time the policy is initially obtained. Not more frequently than once every two years, either Landlord or Tenant may, at its election, notify the other that it elects to have the replacement value redetermined by an insurance company. Such redetermination shall be made promptly and in accordance with the rules and practices of the Board of Fire Underwriters, or a like board recognized and generally accepted by the insurance company, and Landlord and Tenant shall be promptly notified of the results by the insurance company. , Such policy shall be promptly adjusted according to such redetermination.. Landlord /s/ JC Tenant /s/ RCB

Appears in 1 contract

Samples: Office Lease (Captiva Software Corp)

Fire and Extended Coverage Insurance. Tenant shall, at Tenant's sole ------------------------------------ cost, maintain on Tenant's Alterations and Tenant's Personal Property (as defined below) a policy of standard fire and extended coverage and special form insurance, with vandalism and malicious mischief endorsements, coverage with respect to increased costs due to building ordinances, demolition coverage, boiler and machinery insurance, and sprinkler leakage coverage, in each case to the extent of at least 100 percent of full replacement valuecost, and business interruption insurance, issued in the name of Tenant with Landlord, Landlord's lender Lender and Landlord's designated agent as additional insureds. Such "full replacement valuecost" shall be determined by Tenant or the company issuing such policy at the time the policy is initially obtained. Not more frequently than once every two years, either Landlord or Tenant may, at its election, notify the other that it elects to have the replacement value redetermined by an insurance company. Such redetermination shall be made promptly and in accordance with the rules and practices of the Board of Fire Underwriters, or a like board recognized and generally accepted by the insurance company, and Landlord and Tenant shall be promptly notified of the results by the company. Such policy shall be promptly adjusted according to such redetermination.

Appears in 1 contract

Samples: Lightspan Partnership Inc

Fire and Extended Coverage Insurance. Tenant shall, at Tenant's ’s sole ------------------------------------ cost, maintain on Tenant's ’s Alterations and Tenant's ’s Personal Property (as defined below) a policy of standard fire tire and extended coverage and special form insurance, with vandalism and malicious mischief endorsements, coverage with respect to increased costs due to building ordinances, demolition coverage, boiler and machinery insurance, and sprinkler leakage damage coverage, in each case to the extent of at least 100 percent of full replacement value, and issued in the name of Tenant Tenant—with Landlord, Landlord's lender ’s Lender, and Landlord's ’s designated agent named as additional insuredsloss payees, as respects their interests in any insurance settlement. Such "full replacement value" shall be determined by Tenant or the company issuing such policy at the time the policy is initially obtained. Not more frequently than once every two years, either Landlord or Tenant may, at its election, notify the other that it elects to have the replacement value redetermined by an insurance company. Such redetermination shall be made promptly and in accordance with the rules and practices of the Board of Fire Underwriters, or a like board recognized and generally accepted by the insurance company, and Landlord and Tenant shall be promptly notified of the results by the insurance company. Such policy shall be promptly adjusted according to such redetermination. The foregoing casualty insurance may be maintained under blanket policies so long as there is no diminution in the quality or availability of the required coverage.

Appears in 1 contract

Samples: Bumble Bee Capital Corp.

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