Fire/Casualty Insurance. Tenant shall maintain plate glass insurance covering all exterior plate glass in the Premises, fire, extended coverage, vandalism, and malicious mischief insurance and such other insurance as Tenant may deem prudent, covering all of Tenant's stock in trade, fixtures, furniture, furnishings, floor coverings, and equipment in the Premises.
Fire/Casualty Insurance. At all times during the Term, Lessee shall, at its sole expense, obtain and keep in full force and effect an all-risk insurance policy covering the Premises and all improvements located thereon and written by a reputable insurance company reasonably acceptable to Lessor and authorized to do business in the state where the Premises is located in an amount not less than one hundred percent (100%) of the replacement cost of the Premises, including fixtures and any improvements, alterations or additions to the Premises. Such all-risk insurance coverage which Lessee is obligated to maintain shall be for the benefit of Lessor, as an additional insured and/or loss payee. Deductibles under the all-risk policy shall not exceed $10,000. In the event that the Premises are damaged or destroyed by fire or other casualty insurable under such policy described above and neither party has terminated this Lease, Lessee shall pay or reimburse Lessor for any deductible applicable under such policy upon demand. Such policy shall contain business income/loss of rents coverage for a period of time not less than twelve (12) months following the insured casualty. Further, in no event shall Lessor have any obligation to repair any damage to, or replace any of Lessee’s furniture, trade fixtures, equipment or other personal property.
Fire/Casualty Insurance. At all times while in possession of the Leased Premises, City shall maintain a policy of fire and casualty insurance, with extended insurance, from an insurance company admitted or otherwise licensed to do business in Oregon. This insurance is to cover all Improvements. The insurance shall name District as an additional insured thereunder. District shall be provided with notice of cancellation, modification or material change in the insurance coverage.
Fire/Casualty Insurance. Lessee hereby acknowledges that Lessor does not agree to provide any insurance for damage to contents or personal property. In case or fire or other casualty, Lessee shall give immediate notice thereof to Lessor.
Fire/Casualty Insurance. Tenant, at its own cost and expense, shall maintain fire and lightning with extended coverage insurance covering the replacement cost of the Building and Premises and against such other risks as Landlord’s lender(s) may require, all in an amount equal to the full insurable value of the Building and all improvements on the Premises, such insurance to be written in form and with companies reasonably approved by Landlord and approved by its lender(s). The policy shall be made payable to Landlord and to American First National Bank, 9000 Xxxxxxxx Xxxxxxxxx, Xxxxxxx, Xxxxx 00000 (the “Lender”) pursuant to the standard Texas mortgagee clause, without contribution. Such policies shall provide, by way of riders, endorsements or otherwise that the insurance provided thereby shall not be terminated, reduced or otherwise limited regardless of any breach of the representations and agreements therein and that no such policy shall be cancelled, endorsed or amended to any extent unless the issuer thereof shall have first given Landlord and the Lender at least 30 days prior written notice. The Lender may be changed from time to time and Tenant shall have the policies required in this Section (B) amended as may be requested by the Lender or any new lender as the case may be.
Fire/Casualty Insurance. Tenant shall maintain fire, extended coverage, vandalism, and malicious mischief insurance and such other insurance as Tenant may deem prudent, and also as Landlord may from time to time require, covering all of Tenant's stock in trade, fixtures, furniture, furnishing, floor coverings and equipment in the Leased Premises.
