Common use of Fire Insurance on Building and Other Improvements Clause in Contracts

Fire Insurance on Building and Other Improvements. Landlord shall maintain on the Building and other improvements in which the Leased Premises are located a policy of standard fire and all risks coverage insurance to the extent of at least one hundred percent (100%) of full replacement value. The insurance policy shall be issued in the names of Landlord, and Landlord's lender, as their interests appear. The insurance policy shall also provide coverage for rental value insurance, including all operating expenses, for a period of one year. The insurance policy shall provide that all proceeds shall be made payable to Landlord. The cost of such insurance shall be passed on to Tenant as part of the Direct operating expenses for the Building pursuant to Article IV.

Fire Insurance on Building and Other Improvements. Landlord shall maintain on the Building and other improvements in which the Leased Premises premises are located a policy of standard fire and property insurance with all risks risk coverage insurance to the extent of at least one hundred percent (100%) of full replacement value. The insurance policy shall be issued in the names of Landlord, and Landlord's lender, as their interests appear. The insurance policy shall also provide coverage for rental value insurance, including all operating expenses, for a period of one year. The insurance policy shall provide that all proceeds shall be made payable to Landlord. The cost of such insurance shall be passed on to Tenant as part of the Direct operating expenses for the Building pursuant to Article IV.paragraph IV.B.

Fire Insurance on Building and Other Improvements. Landlord shall maintain on the Building and other improvements in which the Leased Premises are located a policy of standard fire and all risks coverage insurance to the extent of at least one hundred percent (100%) of full replacement value. The insurance policy shall be issued in the names of Landlord, and Landlord's lender, as their interests appear. The insurance policy shall also provide coverage for rental value insurance, including all operating expenses, for a period of one year. The insurance policy shall provide that all proceeds shall be made payable to Landlord. The cost of such insurance shall be passed on to Tenant as part of the Direct operating expenses for the Building pursuant to Article IV, paragraph B.1.