Common use of Forms of Policies Clause in Contracts

Forms of Policies. Certificates of insurance, together with copies of the endorsements, when applicable, naming LANDLORD, the property management company and any others specified by LANDLORD as additional insureds, will be delivered to LANDLORD prior to TENANT’s occupancy of the Leased Premises and from time to time at least 10 days prior to the expiration of the term of each such policy. All commercial general liability or comparable policies maintained by TENANT will name LANDLORD and such other persons or firms as LANDLORD specifies from time to time as additional insureds, entitling them to recover under such policies for any loss sustained by them, their agents, and employees as a result of the negligent acts or omissions of TENANT. All commercial general liability and property policies maintained by TENANT will be written as primary policies, not contributing with and not supplemental to the coverage that LANDLORD may carry. Insurance required under this LEASE shall be in companies duly licensed to transact business in the State of California and maintaining during the policy term a “General Policyholders Rating” of at least A-, VIII, or such other rating as may be required by any lender of LANDLORD holding a security interest in the project, as set forth in the most current issue of “Best’s Insurance Guide.” TENANT shall not do or permit to be done anything which shall invalidate the insurance policies referred to in this LEASE. TENANT shall cause to be delivered to LANDLORD, within seven (7) days after the earlier of the Early Entry Date or the Commencement Date, certified copies of, or certificates evidencing the existence and amounts of, the insurance required under Section 5.2. No such policy shall be cancelable or subject to modification except after thirty (30) days’ prior written notice to LANDLORD. TENANT shall at least thirty (30) days prior to the expiration of such policies, furnish LANDLORD with evidence of renewals or “insurance binders” evidencing renewal thereof, or LANDLORD may order such insurance and charge the cost thereof to TENANT, which amount shall be payable by TENANT to LANDLORD upon demand.

Forms of Policies. Certificates All policies of liability insurance which Tenant is obligated to maintain according to this Lease (other than any policy of worker's compensation insurance, ) will name Landlord and such other persons or firms as Landlord specifies from time to time as additional named insureds. Original or copies of original policies and certificates of insurance on the most current XXXXX form (together with copies of the endorsements, when applicable, endorsements naming LANDLORD, the property management company Landlord and any others specified by LANDLORD Landlord as additional insureds, ) and evidence of the payment of all premiums of such policies will be delivered to LANDLORD Landlord prior to TENANT’s Tenant's occupancy of the Leased Premises and from time to time at least 10 thirty (30) days prior to the expiration of the term of each such policy. Tenant's insurer shall have a Best Rating of at least A and be assigned a financial size category of at least Class X as rated in the most recent edition of "Best's Key Rating Guide" for insurance companies. All commercial general liability or comparable policies maintained by TENANT Tenant will name LANDLORD contain a provision that Landlord and such any other persons or firms as LANDLORD specifies from time to time as additional insureds, entitling them although named as an insured, will nevertheless be entitled to recover under such policies for any loss sustained by themLandlord and such other additional insureds, their its agents, and employees as a result of the negligent acts or omissions of TENANTTenant. All commercial general liability and property such policies maintained by TENANT Tenant will provide that they may not be terminated or amended except after thirty (30) days' prior written notice to Landlord. All policies maintained by Tenant will be written as primary policies, not contributing with and not supplemental to Landlord Initials _____ Tenant Initials _____ the coverage that LANDLORD Landlord may carry. Insurance No insurance required under this LEASE shall be in companies duly licensed to transact business in the State of California and maintaining during the policy term a “General Policyholders Rating” of at least A-, VIII, or such other rating as may be required by any lender of LANDLORD holding a security interest in the project, as set forth in the most current issue of “Best’s Insurance Guide.” TENANT shall not do or permit to be done anything which shall invalidate the insurance policies referred to in maintained by Tenant by this LEASE. TENANT shall cause to Article 6 will be delivered to LANDLORD, within seven (7) days after the earlier of the Early Entry Date or the Commencement Date, certified copies of, or certificates evidencing the existence and amounts of, the insurance required under Section 5.2. No such policy shall be cancelable or subject to modification except after thirty more than a Ten Thousand (30$10,000.00) days’ Dollar deductible limit without Landlord's prior written notice to LANDLORD. TENANT shall at least thirty (30) days prior to the expiration of such policies, furnish LANDLORD with evidence of renewals or “insurance binders” evidencing renewal thereof, or LANDLORD may order such insurance and charge the cost thereof to TENANT, which amount shall be payable by TENANT to LANDLORD upon demandconsent.

Forms of Policies. Certificates of insuranceAll insurance required under this Section ----------------- 2.10 shall be fully paid for and nonassessable and shall contain such provisions, together with copies of endorsements and expiration dates, as the endorsements, when applicable, naming LANDLORD, the property management company and any others specified by LANDLORD as additional insureds, will be delivered to LANDLORD prior to TENANT’s occupancy of the Leased Premises and Mortgagee shall from time to time reasonably request, and shall be in such form and amounts, and be issued by such insurance companies, as shall be approved by the Mortgagee in its reasonable judgment Without limiting the generality of the preceding sentence, all such policies shall have endorsed thereon, in form acceptable to the Mortgagee, the New York Standard Mortgagee Clause, or the local equivalent, without contribution, in the name of the Mortgagee, and a waiver of subrogation endorsement. Each such policy shall provide that it will not be cancelled, amended or materially altered (including by reduction in the scope or limits of coverage) without at least 10 thirty days prior notice to the Mortgagee. The Mortgagor shall deliver, or cause to be delivered, to the Mortgagee (i) duplicate original policies evidencing the insurance required under this section 2.10, (ii) receipts evidencing payment of all premiums on such policies and (iii) at least thirty days prior to the expiration of the term of each such policy, a duplicate original renewal policy with evidence satisfactory to the Mortgagee of payment of all premiums on such policy. All commercial general liability or comparable policies maintained by TENANT will name LANDLORD and such other persons or firms as LANDLORD specifies from time to time as additional insureds, entitling them to recover under such policies for any loss sustained by them, their agents, and employees as a result In lieu of the negligent acts or omissions of TENANT. All commercial general liability and property duplicate original policies maintained by TENANT will be written as primary policies, not contributing with and not supplemental to the coverage that LANDLORD may carry. Insurance required under this LEASE shall be in companies duly licensed to transact business in the State of California and maintaining during the policy term a “General Policyholders Rating” of at least A-, VIII, or such other rating as may be required by any lender of LANDLORD holding a security interest in the project, as set forth in the most current issue of “Best’s Insurance Guide.” TENANT shall not do or permit to be done anything which shall invalidate the insurance policies referred to in this LEASE. TENANT shall cause section 2.10 to be delivered to LANDLORDthe Mortgagee. the Mortgagor may deliver original certificates from the issuing insurance company or companies, within seven (7) days after evidencing that such policies are in full force and effect and containing information which, in the earlier Mortgagee's reasonable judgment, is sufficient to allow the Mortgagee to determine whether such policies comply with the requirements of this Section 2.10. The Mortgagor shall not carry separate or additional insurance concurrent in form or contributing in the event of loss with that required under this section 2.10. unless endorsed in favor of the Early Entry Date or Mortgagee in accordance with the Commencement Date, certified copies of, or certificates evidencing requirements of this Mortgage and otherwise approved by the existence and amounts of, the insurance required under Section 5.2. No such policy shall be cancelable or subject to modification except after thirty (30) days’ prior written notice to LANDLORD. TENANT shall at least thirty (30) days prior to the expiration of such policies, furnish LANDLORD with evidence of renewals or “insurance binders” evidencing renewal thereof, or LANDLORD may order such insurance and charge the cost thereof to TENANT, which amount shall be payable by TENANT to LANDLORD upon demandMortgagee in all respects.

Forms of Policies. Certificates The aforementioned minimum limits of insurance, together with copies policies and Tenant’s procurement and maintenance thereof shall in no event limit the liability of the endorsements, when applicable, naming LANDLORDTenant hereunder. The Commercial General Liability Insurance policy shall name Landlord, the Landlord Parties, Landlord’s property management company and any others specified by LANDLORD as additional insuredsmanager, will be delivered to LANDLORD prior to TENANTLandlord’s occupancy of the Leased Premises and from time to time at least 10 days prior to the expiration of the term of each such policy. All commercial general liability or comparable policies maintained by TENANT will name LANDLORD lender(s) and such other persons or firms as LANDLORD Landlord specifies from time to time time, as additional insureds, entitling them insureds with an appropriate endorsement to recover under such policies for any loss sustained by them, their agents, and employees as a result of the negligent acts or omissions of TENANTpolicy(s). All commercial general liability and property such insurance policies maintained carried by TENANT will be written as primary policies, not contributing with and not supplemental to the coverage that LANDLORD may carry. Insurance required under this LEASE Tenant shall be with companies having a rating of not less than A-VIII in companies duly licensed to transact business in the State of California and maintaining during the policy term a “General Policyholders Rating” of at least A-, VIII, or such other rating as may be required by any lender of LANDLORD holding a security interest in the project, as set forth in the most current issue of “Best’s Insurance Guide.” TENANT . Tenant shall not do or permit furnish to be done anything which shall invalidate Landlord, for the insurance policies referred to in this LEASE. TENANT shall cause to be delivered to LANDLORD, within seven (7) days after the earlier of the Early Entry Date or the Commencement Date, certified copies ofcompanies, or certificates evidencing the existence and amounts of, cause the insurance required under Section 5.2companies to furnish, certificates of coverage. No such policy shall be cancelable or subject to reduction of coverage or other modification or cancellation except after thirty (30) days’ days prior written notice to LANDLORDLandlord by the insurer. TENANT All such polices shall be endorsed to agree that Tenant’s policy is primary as to claims arising within the Premises and that any insurance carried by Landlord is excess and not contributing with any Tenant insurance requirement hereunder. Tenant shall, at least thirty twenty (3020) days prior to the expiration of such policies, furnish LANDLORD Landlord with evidence of renewals or “insurance binders” evidencing renewal thereof, or LANDLORD may order . Tenant agrees that if Tenant does not take out and maintain such insurance or furnish Landlord with renewals or binders in a timely manner, upon notice to Tenant and the expiration of a three (3) business day cure period, Landlord may (but shall not be required to) procure said insurance on Tenant’s behalf and charge Tenant the cost thereof to TENANTthereof, which amount shall be payable by TENANT Tenant upon demand with interest (at the rate set for the in Section 20(e) below) from the date such sums are expended. Tenant shall have the right to LANDLORD upon demandprovide such insurance coverage pursuant to blanket policies obtained by Tenant, provided such blanked policies expressly afford coverage to the Premises and to Tenant as required by this Lease.