Common use of Form of insurance Clause in Contracts

Form of insurance. All policies required of Tenant hereunder shall: (i) be issued by a reputable insurance company qualified to do business in the State of Texas and with an A.M. Best rating reasonably acceptable to Landlord; (ii) name Landlord as an additional insured and Tenant as a named insured; (iii) provide that they cannot be canceled for any reason unless Landlord is given thirty (30) days prior written notice by the insurer; (iv) state that such insurance is primary over any insurance carried by Landlord; (v) contain an endorsement in favor of Landlord, waiving such insurance company’s right of subrogation against Landlord; and (vi) contain a statement that the premium for such policy(es) is current. A duly executed certificate of insurance shall be delivered to Landlord on or within five (5) days of the Commencement Date. All renewals shall be delivered to Landlord at least ten (10) days prior to the expiration of the respective policy terms. Landlord shall have the right to review said insurance amounts at least yearly during the term of this Lease and require Tenant to increase said insurance policies to provide coverage in such amounts as Landlord and/or Landlord’s lender, in their discretion, deems necessary. Moreover, should Tenant’s use of the Premises (or any vacancy by Tenant) result in an increased insurance rate, Landlord may, in its discretion allocate such amount of the insurance premium to Tenant as Landlord deems reasonable to pass the cost of such increased premium through to Tenant rather than other tenants of the Project. Tenant agrees to procure and maintain said increased insurance coverage. The insurance required of Landlord hereunder may be maintained under a blanket or master policy which includes properties other than the Project.

Form of insurance. Companies: All policies required of Tenant hereunder shall: (i) insurance provided for in Paragraph 14 hereof shall be issued by in a reputable form satisfactory to Landlord and carried with insurance company qualified companies reasonably acceptable to Landlord that are licensed or authorized to do business in the State in which the Project is located, are in good standing with the department of Texas insurance in the State in which the Project is located and with an have a current rating issued by A.M. Best rating reasonably acceptable Company of not less than A-:VII, and/or whose claim paying ability is rated no lower than A by Standard & Poor’s Ratings Service and A2 by Xxxxx’x Investors Service. Insurance coverage shall be written as primary policy coverage and not contributing with or excess of any coverage that Landlord may carry, and Landlord and Landlord’s managing agent shall be named as “additional insureds” with respect to Landlord; commercial general liability and automobile liability, including any umbrella or excess policies. Tenant shall furnish Landlord at the inception of this Lease (iii) name a certificate of insurance evidencing that all such insurance is in effect and that Landlord as an additional insured and Tenant as a named insured; (iii) provide that they cannot shall be canceled for any reason unless Landlord is given thirty (30) at least 30 days prior written notice by the insurer; (iv) state that such insurance is primary over any insurance carried by Landlord; (v) contain an endorsement in favor of Landlordcancellation or non-renewal, waiving such insurance company’s right of subrogation against Landlord; and (viii) contain a statement proof that the premium for such policy(es) is currentpremiums have been paid by Tenant. A duly executed certificate of insurance shall be delivered to Landlord on or within five (5) days of the Commencement Date. All renewals shall be delivered to Landlord at least ten (10) Not later than 15 days prior to the expiration of the respective any insurance policy, evidence of renewals or replacements of such policy terms. Landlord shall have the right be delivered to review said insurance amounts at least yearly during the term Landlord, together with proof of this Lease and require Tenant to increase said insurance policies to provide coverage in such amounts as Landlord and/or Landlord’s lender, in their discretion, deems necessary. Moreover, should Tenant’s use payment of the Premises (associated premiums. In the event Tenant shall fail to procure any contract of insurance required under the terms hereof or any vacancy by Tenant) result in an increased renewal of or replacement for any contract of insurance ratethat is expiring or has been canceled, Landlord may, in its discretion allocate but shall not be obligated to, procure such amount insurance on behalf of the insurance premium to Tenant as Landlord deems reasonable to pass and the cost of such increased premium through thereof shall be payable to Tenant rather than other tenants of the Project. Tenant agrees to procure and maintain said increased insurance coverage. The insurance required of Landlord hereunder may be maintained under a blanket or master policy which includes properties other than the Projectas additional Rent within 10 days following written demand therefore.

Form of insurance. All policies Policies required of Tenant hereunder shall: (iA) be issued by a reputable insurance company qualified to do business in the State of Texas state where the Premises and the Project are located with an A.M. AM Best rating reasonably acceptable to Landlordof A minus or better; (iiB) name Landlord list Landlord, and any Property Manager if any, as an additional insured and Tenant as a named insured; (iiiC) provide that they cannot be canceled for cancelled or amended in any reason material respects unless Landlord is given thirty (30) days prior written notice by the insurerTenant; (ivD) state that such insurance is primary and non-contributory over any insurance carried by Landlord; (vE) contain an endorsement in favor of Landlord, Landlord waiving such insurance company’s 's right of subrogation against Landlord; and (vi) contain a statement that the premium for such policy(es) is current. A duly executed certificate of insurance shall be delivered to Landlord on or within five (5) days of the Commencement Date. All renewals shall be delivered to Landlord at least ten (10) days prior to the expiration of the respective policy terms. Landlord shall have the right to review said insurance amounts at least yearly during the term of this Lease Term and require Tenant to increase said insurance policies to provide coverage in such amounts agreed to herein. Tenant shall provide Landlord with any renewal of insurance required under this Paragraph at least ten (10) days prior to the expiration of any such policy. Tenant will also reimburse Landlord for any increased premiums or additional insurance which Landlord reasonably deems necessary as Landlord and/or Landlord’s lender, in their discretion, deems necessary. Moreover, should a result of Tenant’s 's use or occupancy of the Premises (or any vacancy or abandonment thereof by Tenant. In addition, Tenant’s insurance as required in this Lease shall apply as primary insurance with respect to any other insurance or self-insurance programs afforded to or obtained by Landlord. TENANT WAIVES ALL RIGHTS AGAINST LANDLORD FOR RECOVERY OF DAMAGES TO THE EXTENT THE DAMAGES ARE COVERED (OR SHOULD HAVE BEEN COVERED) result in an increased insurance rate, Landlord may, in its discretion allocate such amount of the insurance premium to Tenant as Landlord deems reasonable to pass the cost of such increased premium through to Tenant rather than other tenants of the Project. Tenant agrees to procure and maintain said increased insurance coverageBY THE LIABILITY INSURANCE AND OTHER INSURANCE OBTAINED OR REQUIRED TO HAVE BEEN OBTAINED BY TENANT UNDER THIS LEASE. The insurance required of by Landlord hereunder may be maintained under a blanket or master policy which includes properties other than the Project.

Form of insurance. All of the policies required of Tenant hereunder shall: (i) insurance referred to in this 38 40 Article shall be written in a form reasonably satisfactory to Landlord, and issued by a reputable insurance company qualified to do business in the State of Texas and with an A.M. Best rating companies reasonably acceptable to Landlord; (ii) name Landlord which are licensed to conduct an insurance business and issue the insurance policy in question in the State. Landlord agrees that it will not unreasonably withhold or delay its approval as to the form of the policies or the insurance companies selected by Tenant. Tenant shall pay all of the premiums therefor, and shall deliver an additional insured original or certified copy of any policy or a certificate of insurance, and Tenant as a named insured; (iii) provide that they cannot be canceled for any reason unless Landlord is given thirty (30) days prior written notice by the insurer; (iv) state that such insurance is primary over any insurance carried by Landlord; (v) contain an endorsement in favor of each renewal thereof, to Landlord, waiving such insurance company’s right of subrogation against Landlord; any Facility Mortgagee and (vi) contain a statement that the premium for such policy(es) is current. A duly executed certificate of insurance shall be delivered to any Landlord on or within five (5) days of the Commencement Date. All renewals shall be delivered to Landlord Lender at least ten (10) 10 days prior to the expiration of the respective existing policy termsto which such renewal policy relates. If Tenant either fails to effect such insurance as herein required or to pay the premiums therefor, or to deliver such policies or certified copies thereof or certificates of insurance to Landlord at the times required, Landlord shall be entitled, but shall have no obligation, to effect such insurance and pay the right premiums therefor, which premiums shall be repayable to review said insurance amounts at least yearly during the term of this Lease Landlord as rent upon demand therefor in a Notice, and require failure by Tenant to increase said insurance repay the same shall constitute an Event of Default within the meaning of Section 17.1(b). Each insurer mentioned in this Article shall agree, on the certificate or policies issued by it, or by independent instrument furnished to provide coverage in Landlord, that it will give to Landlord (and to any Facility Mortgagee and Landlord Lender of which Tenant has notice, if required) thirty (30) days' prior written notice before such amounts as Landlord and/or Landlord’s lenderpolicy or policies expire, in their discretion, deems necessary. Moreover, should Tenant’s use of the Premises (are materially changed or any vacancy by Tenant) result in an increased insurance rate, Landlord may, in its discretion allocate such amount of the insurance premium to Tenant as Landlord deems reasonable to pass the cost of such increased premium through to Tenant rather than other tenants of the Project. Tenant agrees to procure and maintain said increased insurance coverage. The insurance required of Landlord hereunder may be maintained under a blanket or master policy which includes properties other than the Projectare canceled.