Common use of Hazard and Rental Income Insurance Clause in Contracts

Hazard and Rental Income Insurance. During the Lease Term, Tenant shall maintain policies of insurance at Tenant's expense, covering loss of or damage to the Property in the full amount of its replacement value. Such policies shall provide protection against all perils included within the classification of fire, extended coverage, vandalism, malicious mischief, special extended perils (all risks), sprinkler leakage, earthquake sprinkler leakage, and Inflation Guard endorsement, and any other perils (except flood and earthquake, unless required by any lender holding a security interest in the Property) which Landlord deems necessary. Tenant shall obtain insurance coverage for Tenant's fixtures, equipment or building improvements installed by Tenant in or on the Property. Tenant shall, at Tenant's expense, maintain such primary or additional insurance on its fixtures, equipment and building improvements as Tenant deems necessary to protect its interests. During the Lease Term, Tenant shall also maintain a rental income insurance policy at Tenant's expense, with loss payable to Landlord in an amount equal to one year's Base Rent, estimated real property taxes and insurance premiums. Tenant shall not do or permit to be done anything which invalidates any such insurance policies.

Hazard and Rental Income Insurance. During the Lease Term, Tenant Landlord shall as a Shopping Center operating cost maintain policies of insurance at Tenant's expense, covering loss of or damage to the Property Shopping Center improvements including the Premises in the full amount of its replacement valuevalue exclusive of Tenant's improvements and property. Such policies shall provide protection against all perils included within the classification of fire, extended coverage, vandalism, malicious mischief, and may include endorsements or coverage for special extended perils (all risksrisk), sprinkler leakage, earthquake sprinkler leakage, and Inflation Guard endorsementinflation guard, and any other perils (except including flood and earthquake), unless required by any lender holding a security interest in the Property) which Landlord deems necessary. Tenant shall Landlord may obtain insurance coverage for Tenant's fixtures, equipment or building improvements installed by Tenant in or on the PropertyPremises. Tenant shall, at Tenant's expense, maintain such primary or additional insurance on its fixtures, equipment and building improvements as Tenant deems necessary to protect its interestsinterest. During the Lease Term, Tenant shall Landlord may also maintain as a Shopping Center operating cost a rental income insurance policy at Tenant's expensepolicy, with loss payable to Landlord in an amount equal to one year's Base RentMinimum Monthly Rent (as adjusted periodically), plus estimated real property taxes Real Property Taxes and insurance premiums. Tenant shall not do or permit to be done anything which invalidates any such insurance policies.