Insurance on Leased Premises. Landlord shall maintain in full force and effect throughout the Lease Term broad form fire and extended coverage insurance on the Leased Premises and Landlord’s fixtures, equipment and personal property, in, on or about the Leased Premises, for their full insurable value on a replacement cost basis, if obtainable, and if not obtainable, for the full amount of its actual cash value.
Insurance on Leased Premises. (a) Pursuant to Section 3.3 of the Loan Agreement, the Borrower covenants that it will maintain or cause to be maintained certain insurance with respect to the Lease Premises. In case the Borrower at any time refuses, neglects, or fails to obtain such certificate or to effect insurance as set forth above, the Trustee may, in its discretion, procure such certificate or insurance, and all moneys paid by the Trustee for such certificate or insurance, together with interest thereon at the highest rate of interest on any of the Bonds when sold, whether or not then outstanding, shall be repaid by the Borrower upon demand, and shall constitute an additional indebtedness of the Borrower secured by the lien of this Indenture, prior and paramount to the lien hereunder of said Bonds and interest thereon. The Trustee, however, shall not be obligated to effect such insurance unless fully indemnified against the expense thereof and furnished with means therefor.
Insurance on Leased Premises. The LESSOR agrees that throughout the term of this lease, LESSOR will secure insurance coverage, and pay corresponding premium thereof, on the leased premises from a reputable insurance company or companies. The policy contemplated hereunder shall not provide for the insurance of LESSEE's leasehold improvements and contents thereon. In case of the destruction of or damage to the building or any part thereof, the LESSOR shall immediately cause the same to be restored or repaired. To this end, all sums of money which the LESSOR shall receive under its insurance policy contemplated herein shall be used for the rebuilding or repair of the building which may have been destroyed or damaged.
Insurance on Leased Premises. Owner, at Owner's expense, shall maintain in full force and effect throughout the Term broad form fire and extended coverage insurance on the Leased Premises and the Personal Property for the full insurable value thereof on a replacement cost basis.
Insurance on Leased Premises. Landlord, at its cost, shall maintain in full force and effect throughout the Term Special or All-Risk insurance on the Leased Premises and the Personal Property owned by Landlord for the full insurable value thereof on a replacement cost basis through the Fraternity National Insurance Program.
Insurance on Leased Premises a) Tenant is responsible for placing insurance on its equipment, inventory and other personal property and contents placed in or upon the Premises Tenant shall place liability insurance on the Leased Premises in the amount of no less than$1,000,000 per person/per injury, $2,000,000.00 for each accident or occurrence and $500,000.00 for property damage. The insurance policies shall provide coverage for contingent liability of Landlord and Tenant on any claims or losses. Certificates evidencing such policies together with the statement for the annual premium shall be delivered to Landlord.
Insurance on Leased Premises. Landlord, utilizing payment by Tenant of Tenant’s proportionate share of such insurance, shall maintain in full force and effect throughout the Lease Term a Special Form (all-risk) insurance policy, insuring the Leased Premises and improvements to the extent of one hundred percent (100%) of their replacement value. Tenant shall be furnished a certificate of insurance with respect to the Special Form (all-risk) insurance provided by Landlord and shall be named as an additional insured therein, and the insurers thereof shall agree to furnish Tenant and Landlord at least thirty (30) days advanced notice of any cancellation of coverage. The insurance policy shall include a standard mortgage clause in favor of any person or entity having a mortgage interest in the Leased Premises.
Insurance on Leased Premises. Landlord shall maintain in full force and effect throughout the Lease Terrn broad form fire and extended coverage insurance on the Building.
