Common use of Insurance Policies Clause in Contracts

Insurance Policies. Insurance required hereunder shall be in companies holding a "General Policyholders Rating" of at least B plus, or such other rating as may be required by a lender having a lien on the Premises, as set forth in the most current issue of "Best's Insurance Guide". The insuring party shall deliver to the other party copies of policies of such insurance or certificates evidencing the existence and amounts of such insurance with loss payable clauses as required by this paragraph 8. No such policy shall be cancellable or subject to reduction of coverage or other modification except after thirty (30) days' prior written notice to Lessor. If Lessee is the insuring party Lessee shall, at least thirty (30) days prior to the expiration of such policies, furnish Lessor with renewals or "binders" thereof, or Lessor may order such insurance and charge the cost thereof to Lessee, which amount shall be payable by Lessee upon demand. Lessee shall not do or permit to be done anything which shall invalidate the insurance policies referred to in Paragraph 8.3. If Lessee does or permits to be done anything which shall increase the cost of the insurance policies referred to in Paragraph 8.3, then Lessee shall forthwith upon Lessor's demand reimburse Lessor for any additional premiums attributable to any act or omission or operation of Lessee causing such increase in the cost of insurance. If Lessor is the insuring party, and if the insurance policies maintained hereunder cover other improvements in addition to the Premises, Lessor shall deliver to Lessee a written statement setting forth the amount of any such insurance cost increase and showing in reasonable detail the manner in which it has been computed.

Appears in 6 contracts

Samples: Standard Industrial Lease (Xoma Corp /De/), Atmi Inc, Image Entertainment Inc

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Insurance Policies. Insurance required hereunder shall be in companies holding duly licensed to transact business in the state where the Premises are located, and maintaining during the policy term a "General Policyholders Rating" of at least B plus+, V, or such other rating as may be required by a lender Lender having a lien on the Premises, as set forth in the most current issue of "Best's Insurance Guide"." Lessee shall not do or permit to be done anything which shall invalidate the insurance policies referred to in this Paragraph 8. The insuring party If Lessee is the Insuring Party, Lessee shall deliver cause to the other party be delivered to Lessor certified copies of policies of such insurance or certificates evidencing the existence and amounts of such insurance with the insureds and loss payable clauses as required by this paragraph 8Lease. No such policy shall be cancellable cancelable or subject to reduction of coverage or other modification except after thirty (30) days' days prior written notice to Lessor. If Lessee is the insuring party Lessee shall, shall at least thirty (30) days prior to the expiration of such policies, furnish Lessor with evidence of renewals or "insurance binders" evidencing renewal thereof, or Lessor may order such insurance and charge the cost thereof to Lessee, which amount shall be payable by Lessee to Lessor upon demand. Lessee If the Insuring Party shall fail to procure and maintain the insurance required to be carried by the Insuring Party under this Paragraph 8, the other Party may, but shall not do or permit to be done anything which shall invalidate required to, procure and maintain the insurance policies referred to in Paragraph 8.3. If Lessee does or permits to be done anything which shall increase the cost of the insurance policies referred to in Paragraph 8.3same, then Lessee shall forthwith upon Lessorbut at Lessee's demand reimburse Lessor for any additional premiums attributable to any act or omission or operation of Lessee causing such increase in the cost of insurance. If Lessor is the insuring party, and if the insurance policies maintained hereunder cover other improvements in addition to the Premises, Lessor shall deliver to Lessee a written statement setting forth the amount of any such insurance cost increase and showing in reasonable detail the manner in which it has been computedexpense.

Appears in 4 contracts

Samples: Commercial Lease Agreement (Software Com Inc), Lease Single (Idealab), Idealab

Insurance Policies. Insurance required hereunder shall be in companies holding a "General Policyholders Rating" of at least B plus, or such other rating as may be required by a lender having a lien on the Premises, as set forth in the most current issue of "Best's Insurance Guide". The insuring party shall deliver to the other party copies of policies of such insurance or certificates evidencing the existence and amounts of such insurance with loss payable clauses as required by this paragraph 8. No such policy shall be cancellable cancelable or subject to reduction of coverage or other modification except after thirty (30) days' prior written notice to Lessor. If Lessee is the insuring party Lessee shall, at least thirty (30) days prior to the expiration of such policies, furnish Lessor with renewals or "binders" thereof, or Lessor may order such insurance and charge the cost thereof to Lessee, which amount shall be payable by Lessee upon demand. Lessee shall not do or permit to be done anything which shall invalidate the insurance policies referred to in Paragraph 8.3. If Lessee does or permits to be done anything which shall increase the cost of the insurance policies referred to in Paragraph 8.3, then Lessee shall forthwith upon Lessor's demand reimburse Lessor for any additional premiums attributable to any act or omission or operation of Lessee causing such increase in the cost of insurance. If Lessor is the insuring party, and if the insurance policies maintained hereunder cover other improvements in addition to the Premises, Lessor shall deliver to Lessee a written statement setting forth the amount of any such insurance cost increase and showing in reasonable detail the manner in which it has been computed.

Appears in 4 contracts

Samples: Lease Agreement (Avenue Group Inc), Alpha Technologies Group Inc, Alpha Technologies Group Inc

Insurance Policies. Insurance required hereunder shall be in companies holding a "General Policyholders Rating" of at least B plus, or such other rating as may be required by a lender having a lien line on the Premises, as set forth in the most current issue of "Best's Insurance Guide". ." The insuring party shall deliver to the other party copies of policies of such insurance or certificates evidencing the existence and amounts of such insurance with loss payable clauses as required by this paragraph 8. No such policy shall be cancellable cancelable or subject to reduction of coverage or other modification except after thirty (30) days' prior written notice to Lessor. If Lessee is the insuring party Lessee shall, at least thirty (30) days prior to the expiration of such policies, furnish Lessor with renewals or "binders" thereof, or Lessor may order such insurance and charge the cost thereof to Lessee, which amount shall be payable by Lessee upon demand. Lessee shall not do or permit to be done anything which shall invalidate the insurance policies referred to in Paragraph 8.3. If Lessee does or permits to be done anything which shall increase the cost of the insurance policies referred to in Paragraph 8.3, then Lessee shall forthwith upon Lessor's demand reimburse Lessor for any additional premiums attributable to any act or omission or operation of Lessee causing such increase in the cost of insurance. If Lessor is the insuring party, and if the insurance policies maintained hereunder cover other improvements in addition to the Premises, Lessor shall deliver to Lessee a written statement setting forth the amount of any such insurance cost increase and showing in reasonable detail the manner in which it has been computed.

Appears in 3 contracts

Samples: Butterfield & Butterfield Auctioneers Corp, Butterfield & Butterfield Auctioneers Corp, Butterfield & Butterfield Auctioneers Corp

Insurance Policies. Insurance required hereunder shall be in companies holding duly licensed to transact business in the state where the Premises are located, and maintaining during the policy term a "General Policyholders Rating" of at least B plusB+, V, or such other rating as may be required by a lender Lender having a lien on the Premises, as set forth in the most current issue of "Best's Insurance Guide"." Lessee shall not do or permit to be done anything which shall invalidate the insurance policies referred to in this Paragraph 8. The insuring party If Lessee is the Insuring Party, Lessee shall deliver cause to the other party be delivered to Lessor certified copies of policies of such insurance or certificates evidencing the existence and amounts of such insurance with the insureds and loss payable clauses as required by this paragraph 8Lease. No such policy shall be cancellable or subject to reduction of coverage or other modification except after thirty (30) days' days prior written notice to Lessor. If Lessee is the insuring party Lessee shall, shall at least thirty (30) days prior to the expiration of such policies, furnish Lessor with evidence of renewals or "insurance binders" evidencing renewal thereof, or Lessor may order such insurance and charge the cost thereof to Lessee, which amount shall be payable by Lessee to Lessor upon demand. Lessee If the Insuring Party shall fail to procure and maintain the insurance required to be carried by the Insuring Party under this Paragraph 8, the other Party may, but shall not do or permit to be done anything which shall invalidate required to, procure end maintain the insurance policies referred to in Paragraph 8.3. If Lessee does or permits to be done anything which shall increase the cost of the insurance policies referred to in Paragraph 8.3same, then Lessee shall forthwith upon Lessorbut at Lessee's demand reimburse Lessor for any additional premiums attributable to any act or omission or operation of Lessee causing such increase in the cost of insurance. If Lessor is the insuring party, and if the insurance policies maintained hereunder cover other improvements in addition to the Premises, Lessor shall deliver to Lessee a written statement setting forth the amount of any such insurance cost increase and showing in reasonable detail the manner in which it has been computedexpense.

Appears in 3 contracts

Samples: Lease Amendment Agreement (Burke Industries Inc /Ca/), Lease Amendment Agreement (Burke Industries Inc /Ca/), Disturbance Agreement (Burke Industries Inc /Ca/)

Insurance Policies. Insurance required hereunder shall be in companies holding a "General Policyholders Rating" of at least B plus, or such other rating as may be required by a lender having a lien on the Premises, as set forth in the most current issue of "Best's Insurance Guide". ." The insuring party shall deliver to the other party copies of policies of such insurance or certificates evidencing the existence and amounts of such insurance with loss payable clauses as required by this paragraph 8. No such policy shall be cancellable cancelable or subject to reduction of coverage or other modification except after thirty (30) days' prior written notice to Lessor. If Lessee is the insuring party Lessee shall, at least thirty (30) days prior to the expiration of such policies, furnish Lessor with renewals or "binders" thereof, or Lessor may order such insurance and charge the cost thereof to Lessee, which amount shall be payable by Lessee upon demand. Lessee shall not do or permit to be done anything which shall invalidate the insurance policies referred to in Paragraph 8.3. If Lessee does or permits to be done anything which shall increase the cost of the insurance policies referred to in Paragraph 8.3, then Lessee shall forthwith upon Lessor's demand reimburse Lessor for any additional premiums attributable to any act or omission or operation of Lessee causing such increase in the cost of insurance. If Lessor is the insuring party, and if the insurance policies maintained hereunder cover other improvements in addition to the Premises, Lessor shall deliver to Lessee a written statement setting forth the amount of any such insurance cost increase and showing in reasonable detail the manner in which it has been computed.

Appears in 2 contracts

Samples: Services Agreement (99 Cents Only Store), Spectratek Technologies Inc

Insurance Policies. Insurance required hereunder herein shall be by companies duly licensed or admitted to transact business in companies holding the state where the Premises are located, and maintaining during the policy term a "General Policyholders Rating" of at least B plus, or such other rating as may be required by a lender having a lien on the PremisesA, as set forth in the most current issue of "Best's Insurance Guide", or such other rating as may be required by a Lender. The insuring party Lessee shall not do or permit to be done anything which invalidates the required insurance policies. Lessee shall, prior to the Commencement Date, deliver to the other party Lessor certified copies of policies of such insurance or certificates endorsements evidencing the existence and amounts of such insurance the required insurance. Lessee shall use commercially reasonable efforts to cause the insurer to provide Lessor with loss payable clauses as required by this paragraph 8. No such policy shall be cancellable or subject to reduction of coverage or other modification except after at least thirty (30) days' prior written notice to Lessor. If Lessee is the insuring party of any proposed cancellation of any of Lessee's insurance policies described in Paragraphs 8.2 or 8.4 above Lessee shall, at least thirty (30) days prior to the expiration of such policies, furnish Lessor with evidence satisfactory to Lessor of renewals or "insurance binders" evidencing renewal thereof, or Lessor may order such insurance and charge the cost thereof to Lessee, which amount shall be payable by Lessee to Lessor upon demand; provided, however, that any cancellation of such policies of insurance during the Term shall constitute a Breach of Lessee's obligations hereunder (subject to cure in accordance with Paragraph 13.1). Lessee Such policies shall be for a term of at least one year, or the length of the remaining term of this Lease, whichever is less. If either Party shall fail to procure and maintain the insurance required to be carried by it, the other Party may, but shall not do or permit to be done anything which shall invalidate required to, procure and maintain the insurance policies referred to in Paragraph 8.3. If Lessee does or permits to be done anything which shall increase the cost of the insurance policies referred to in Paragraph 8.3, then Lessee shall forthwith upon Lessor's demand reimburse Lessor for any additional premiums attributable to any act or omission or operation of Lessee causing such increase in the cost of insurance. If Lessor is the insuring party, and if the insurance policies maintained hereunder cover other improvements in addition to the Premises, Lessor shall deliver to Lessee a written statement setting forth the amount of any such insurance cost increase and showing in reasonable detail the manner in which it has been computedsame.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Marconi Corp PLC), Guaranty of Lease (Advanced Fibre Communications Inc)

Insurance Policies. Insurance required hereunder shall be in companies holding a "General Policyholders Rating" of at least B plus, or such other rating as may be required by a lender having a lien on the Premises, as set forth in the most current issue of "Best's Insurance Guide". The insuring party shall deliver to the other party copies of policies of such insurance or certificates evidencing the existence and amounts of such insurance with loss payable clauses as required by this paragraph 8. 8 No such policy shall be cancellable cancelable or subject to reduction of coverage or other modification on except after thirty (30) days' prior written notice to Lessor. If Lessee is the insuring party Lessee shall, at least thirty (30) days prior to the expiration of such policies, furnish Lessor with renewals or "binders" thereof, or Lessor may order such insurance and charge the cost thereof to Lessee, Lessee which amount shall be payable by Lessee upon demand. Upon demand Lessee shall not do or permit to be done anything which shall invalidate the insurance policies referred to in Paragraph 8.3. If Lessee does or permits to be done anything which shall increase the cost of the insurance policies referred to in Paragraph 8.3, then Lessee shall forthwith upon Lessor's demand reimburse Lessor for any additional premiums attributable to any act or omission or operation of Lessee causing such Such increase in the cost of insurance. If Lessor is the insuring party, and if the insurance policies maintained hereunder cover other improvements in addition to the Premises, Lessor shall deliver to Lessee a written statement setting forth the amount of any such insurance cost increase and showing in reasonable detail the manner in which it has been computed.

Appears in 2 contracts

Samples: Lease (Futon World Inc), Lease (Futon World Inc)

Insurance Policies. Insurance required hereunder shall be in companies holding duly licensed to transact business in the state where the Premises are located, and maintaining during the policy term a "General Policyholders Rating" of at least B plusB+, V, or such other rating as may be required by a lender Lender having a lien on the Premises, as set forth in the most current issue of "Best's Insurance Guide"." Lessee shall not do or permit to be done anything which shall invalidate the insurance policies referred to in this Paragraph 8. The insuring party If Lessee is the Insuring Party, Lessee shall deliver cause to the other party be delivered to Lessor certified copies of policies of such insurance or of certificates evidencing the existence and amounts of such insurance with the insureds and loss payable clauses as required by this paragraph 8Lease. No such policy shall be cancellable or subject to reduction of coverage or other modification except after thirty (30) days' days prior written notice to Lessor. If Lessor Lessee is the insuring party Lessee shall, shall at least thirty (30) days prior to the expiration of such policies, furnish Lessor with evidence of renewals or "insurance binders" evidencing renewal thereof, or Lessor may order such insurance and charge the cost thereof to Lessee, which amount shall be payable by Lessee to Lessor upon demand. Lessee If the Insuring Party shall fail to procure and maintain the insurance required to be carried by the Insuring Party under this Paragraph 8, the other Party may but shall not do or permit to be done anything which shall invalidate required to, procure and maintain the insurance policies referred to in Paragraph 8.3. If Lessee does or permits to be done anything which shall increase the cost of the insurance policies referred to in Paragraph 8.3same, then Lessee shall forthwith upon Lessorbut at Lessee's demand reimburse Lessor for any additional premiums attributable to any act or omission or operation of Lessee causing such increase in the cost of insurance. If Lessor is the insuring party, and if the insurance policies maintained hereunder cover other improvements in addition to the Premises, Lessor shall deliver to Lessee a written statement setting forth the amount of any such insurance cost increase and showing in reasonable detail the manner in which it has been computedexpense.

Appears in 2 contracts

Samples: CCC Globalcom Corp, Lease Addendum (Incomnet Inc)

Insurance Policies. Insurance required hereunder shall be in companies holding a "General Policyholders Rating" of at least B plus, or such other rating as may be required by a lender having a lien on the Premises, as set forth in the most current issue of "Best's Insurance Guide". The insuring party shall deliver to the other party party, copies of policies of or such insurance or certificates evidencing the existence and amounts of such insurance insurance, with loss payable clauses as required by this paragraph Paragraph 8. No such policy shall be cancellable or subject to reduction of coverage coverage, or other modification modification, except after thirty (30) days' days prior written notice to Lessor. If Lessee is the insuring party party, Lessee shall, shall at least thirty (30) days prior to the expiration of such policies, furnish Lessor with renewals or "binders" thereof, or Lessor may order such insurance and charge the cost thereof to Lessee, which amount shall be payable by Lessee upon demand. Lessee shall not do do, or permit to be done done, anything which shall invalidate the insurance policies referred to in Paragraph 8.3. If Lessee does or permits to be done done, anything which shall increase the cost of the insurance policies referred to in Paragraph 8.3, then Lessee shall forthwith upon Lessor's demand demand, reimburse Lessor for any additional premiums attributable to any act or omission or of operation of Lessee causing such increase in the cost of insurance. If Lessor is the insuring party, and if the insurance policies maintained hereunder cover other improvements improvements, in addition to the Premises, Lessor shall deliver to Lessee a written statement setting forth the amount of any such insurance cost increase and showing in reasonable detail the manner in which it has been computed. Insurance required hereunder shall be with companies holding a "General Policyholders Rating" of at least B plus, or such other rating as may be required by a lender having a lien on the Premises, as set forth in the most current issue of "Best's Insurance Guide".

Appears in 1 contract

Samples: Schein Pharmaceutical Inc

Insurance Policies. Insurance required hereunder of Tenant under Section 8.01 shall be in written by companies holding a "General Policyholders Rating" of at least B plus, or such other rating as may be required by a lender having a lien on the Premises, as set forth duly qualified to do business in the most current issue State of "Best's Insurance Guide"Wisconsin, acceptable to Landlord in its reasonably exercised discretion, and satisfactory in all respects to the holder of any mortgage against the Office Building. The insuring party Tenant shall deliver to the other party copies of such policies of such insurance or certificates evidencing the existence and amounts of such insurance with loss payable clauses as required by this paragraph 8satisfactory to Landlord. No such policy shall be cancellable cancelable or subject to reduction of coverage or other modification except after thirty (30) days' days prior written notice to LessorLandlord. If Lessee is the insuring party Lessee shall, at At least thirty ten (3010) days prior to the expiration of such Tenant's policies, Tenant shall furnish Lessor Landlord with renewals or "binders" thereof, or Lessor Landlord may order such insurance and charge the cost thereof to Lessee, which amount shall be payable by Lessee upon demandTenant as Additional Rent. Lessee Tenant shall not do or permit anything to be done anything which shall will invalidate the insurance policies referred furnished by Tenant or Landlord pursuant to in Paragraph 8.3Sections 8.01 and 8.02. If Lessee Tenant does or permits anything to be done anything which shall increase the cost of the insurance policies referred furnished by Landlord, Tenant shall pay to in Paragraph 8.3Landlord, then Lessee shall forthwith upon Lessor's demand reimburse Lessor for any additional premiums attributable to any act or omission or operation of Lessee causing such increase in the cost of insurance. If Lessor is the insuring partyas Additional Rent, and if the insurance policies maintained hereunder cover other improvements in addition to the Premises, Lessor shall deliver to Lessee a written statement setting forth the amount of any such additional premiums. Landlord may from time to time require that the policy limits of any or all such insurance be increased to reflect the effects of inflation and changes in normal commercial insurance practices. If Tenant fails to comply with the requirements of this Section or Section 8.01, Landlord may obtain such insurance and maintain it in effect, and Tenant shall pay Landlord the premium cost increase and showing in reasonable detail the manner in which it has been computedany other costs or expenses incurred by Landlord as Additional Rent.

Appears in 1 contract

Samples: Sonic Foundry Inc

Insurance Policies. Insurance required hereunder shall be in ------------------ companies holding a rated A1, AAA or better in "General Policyholders Rating" of at least B plus, or such other rating as may be required by a lender having a lien on the Premises, as set forth in the most current issue of "Best's Best Insurance Guide". The insuring party shall deliver prior to possession, to the other party party, copies of policies of such insurance or certificates evidencing the existence and amounts of such insurance with loss payable clauses as required by this paragraph 8satisfactory to Landlord. No such policy shall be cancellable cancelable or subject to reduction of coverage or other modification except after thirty ten (3010) days' days prior written notice to LessorLandlord. If Lessee Tenant is the insuring party Lessee party, Tenant shall, at least thirty within ten (3010) days prior to the expiration of such policies, furnish Lessor Landlord with renewals or "binders" thereof, or Lessor Landlord may order such insurance and charge the cost thereof to LesseeTenant, which amount shall be payable by Lessee Tenant upon demand. Lessee Tenant shall not do or permit to be done anything which shall invalidate the insurance policies referred to in Paragraph Article 8.3. If Lessee does or permits to be done anything which Tenant shall increase the cost of the insurance policies referred to in Paragraph 8.3forthwith, then Lessee shall forthwith upon LessorLandlord's demand demand, reimburse Lessor Landlord for any additional premiums attributable to any act or omission or operation of Lessee Tenant causing such increase in the cost of insurance. If Lessor Landlord is the insuring party, and if the insurance policies maintained hereunder cover other improvements in addition to the Premises, Lessor Landlord shall deliver to Lessee Tenant a written statement setting forth the amount of any such insurance cost increase and showing in reasonable detail the manner in which it has been computed.

Appears in 1 contract

Samples: Lease Agreement (Seattle Filmworks Inc)

Insurance Policies. Insurance required hereunder shall be in companies holding a "General Policyholders Rating" of at least B plusnot less than "A", or such other rating as may be required by a lender having a lien on the PremisesProperty, as set forth in the most current issue of "Best's Insurance Guide". ." The insuring party shall deliver to the other party copies of policies of such insurance or certificates evidencing the existence and amounts of such insurance with loss payable clauses as required by this paragraph 8Section 4.04. No such policy shall be cancellable cancelable or subject to reduction of coverage or other modification except after thirty (30) days' prior written notice to Lessor. If Lessee is the insuring party Lessee shall, at least thirty (30) days prior to the expiration of such policies, furnish Lessor Landlord with renewals or "binders" thereof, or Lessor Landlord may order such insurance and charge the cost thereof to LesseeTenant, which amount shall be payable by Lessee Tenant upon demand. Lessee Tenant shall not do or permit to be done anything which shall invalidate the insurance policies referred to in Paragraph 8.3Section 4.04(c). If Lessee Tenant does or permits to be done anything which shall increase the cost of the insurance policies referred to in Paragraph 8.3Section 4.04(c), then Lessee Tenant shall forthwith upon LessorLandlord's demand reimburse Lessor Landlord for any additional premiums attributable to any act or omission or operation of Lessee Tenant causing such increase in the cost of insurance. If Lessor Landlord is the insuring party, and if the insurance policies maintained hereunder cover other improvements in addition to the PremisesProperty, Lessor Landlord shall deliver to Lessee Tenant a written statement setting forth the amount of any such insurance cost increase and showing in reasonable detail the manner in which it has been computed.

Appears in 1 contract

Samples: Industrial Real Estate Lease (Newagecities Com Inc)

Insurance Policies. Insurance required hereunder shall be in companies holding a "General Policyholders Rating" of at least B plus, or such other rating as may be required by a lender having a lien on the Premises, as set forth in the most current issue of "Best's Insurance Guide". The insuring party shall deliver to the other party copies of policies of such insurance or certificates evidencing the existence and amounts of such insurance with loss payable clauses as required by this paragraph 8. No such policy shall be cancellable or subject to reduction of coverage or other modification except after thirty (30) days' prior written notice to Lessor. If Lessee is the insuring party Lessee shall, at least thirty (30) days prior to the expiration of such policies, furnish Lessor with renewals or "binders" thereof, or Lessor may order such insurance and charge the cost thereof to Lessee, which amount shall be payable by Lessee upon demand. Lessee shall not do or permit to be done anything which shall invalidate the insurance policies referred to in Paragraph 8.3. If Lessee does or permits to be done anything which shall increase the cost of the insurance policies referred to in Paragraph 8.3, then Lessee shall forthwith upon Lessor's demand reimburse Lessor for any additional premiums attributable to any act or omission or operation of Lessee causing such increase in the cost of insurance. If insurance if Lessor is the insuring party, and if the insurance policies maintained hereunder cover other improvements in addition to the Premises, Lessor shall deliver to Lessee a written statement setting forth the amount of any such insurance cost increase and showing in reasonable detail the manner in which it has been computed.

Appears in 1 contract

Samples: Office Lease (Decrane Aircraft Holdings Inc)

Insurance Policies. Insurance required hereunder shall be in companies holding a "General Policyholders Rating" of at least B plus, or such other rating as may be required by a lender having a lien on the Premises, as set forth in the most current issue of "Best's Insurance Guide". The insuring party shall deliver to the other party copies of policies of such insurance or certificates evidencing the existence and amounts of such insurance with loss payable clauses as required by this paragraph 8. No such policy shall be cancellable or subject to reduction of coverage or other modification except after thirty (30) days' prior written notice to Lessor. If Lessee is the insuring party Lessee shall, at least thirty (30) days prior to the expiration of such policies, furnish Lessor with renewals or "binders" thereof, or Lessor may order such insurance and charge the cost thereof to Lessee, which amount shall be payable by Lessee upon demand. Lessee shall not do or permit to be done anything which shall invalidate the insurance policies referred to in Paragraph 8.3. If Lessee does or permits to be done anything which shall increase the cost of the insurance policies referred to in Paragraph 8.3, then Lessee shall forthwith upon Lessor's demand reimburse Lessor for any additional premiums attributable to any act or omission or operation of Lessee causing such increase in the cost of insurance. If , if Lessor is the insuring party, and if the insurance policies maintained hereunder cover other improvements in addition to the Premises, Lessor shall deliver to Lessee a written statement setting forth the amount of any such insurance cost increase and showing in reasonable detail the manner in which it has been computed.

Appears in 1 contract

Samples: Agreement (Natural Gas Vehicle Systems Inc)

Insurance Policies. Insurance required hereunder shall be in companies holding duly licensed to transact business in the state where the Premises are located, and maintaining during the policy term a "General Policyholders Rating" of at least B plusB+, V, or such other rating as may be required by a lender having a lien on the PremisesLender, as set forth in the most current issue of "Best's ’s Insurance Guide". The insuring party shall deliver to the other party copies of policies of such insurance or certificates evidencing the existence and amounts of such insurance with loss payable clauses as required by this paragraph 8. No such policy shall be cancellable or subject to reduction of coverage or other modification except after thirty (30) days' prior written notice to Lessor. If Lessee is the insuring party Lessee shall, at least thirty (30) days prior to the expiration of such policies, furnish Lessor with renewals or "binders" thereof, or Lessor may order such insurance and charge the cost thereof to Lessee, which amount shall be payable by Lessee upon demand. .” Lessee shall not do or permit to be done anything which shall invalidate the insurance policies referred to in Initials: /s/ BL AL CP to Lessor’s rights under Paragraph 8.36.2(c) and Paragraph 13), Lessor may at Lessor’s option either (i) investigate and remediate such Hazardous Substance Condition, if required, as soon as reasonably possible at Lessor’s expense, in which event this Lease shall continue in full force and effect, or (ii) if the estimate cost to investigate and remediate such condition exceeds twelve (12) times the then monthly Base Rent or $100,000 whichever is greater, give written notice Lessee within thirty (30) days after receipt by Lessor of knowledge of the occurrence of such Hazardous Substance Condition of Lessor’s desire to terminate to Lease as of the date sixty (60) days following the date of such notice. In the event Lessor elects to give such notice of Lessor’s intention to terminate this Lease. Lessee shall have the right within ten (10) days after the receipt of such notice to give written notice to Lessor of Lessee’s commitment to pay for the excess cost of (a) investigation and remediation of such Hazardous Substance Condition to the extent required by Applicable Requirements, over (b) an amount equal assurance thereof within thirty (30) days following said commitment by Lessee. In such event this Lease shall continue in full force and effect, and Lessor shall proceed to make such investigation and remediation as soon as reasonably possible after the required funds are available. If Lessee does not give such notice and provide the required funds or permits to be done anything which assurance thereof within the time period specified above, this Lease shall increase the cost terminate as of the insurance policies referred to date specified in Paragraph 8.3, then Lessee shall forthwith upon Lessor's demand reimburse Lessor for any additional premiums attributable to any act or omission or operation ’s notice of Lessee causing such increase in the cost of insurance. If Lessor is the insuring party, and if the insurance policies maintained hereunder cover other improvements in addition to the Premises, Lessor shall deliver to Lessee a written statement setting forth the amount of any such insurance cost increase and showing in reasonable detail the manner in which it has been computedtermination.

Appears in 1 contract

Samples: Interactive Health, Inc.

Insurance Policies. Insurance required hereunder shall be in companies holding a "General Policyholders Rating" of at least B plus, rated AAA or such other rating as may be required by a lender having a lien on the Premises, as set forth better in the most current issue of "Best's Insurance Guide". The insuring party shall deliver to the other party copies of policies of such insurance or certificates evidencing the existence and amounts of such insurance with loss payable clauses as required by this paragraph 8satisfactory to Lessor. No such policy shall be cancellable or subject to reduction of coverage or other modification except after thirty (30) days' 10 days prior written notice to Lessor. If Lessee is the insuring party party, Lessee shall, at least thirty (30) within 10 days prior to the expiration of such policies, furnish Lessor with renewals or "binders" thereof, or Lessor may order such insurance and charge the cost thereof to Lessee, which amount shall be payable by Lessee upon demand. Lessee shall not do or permit to be done anything which shall invalidate the insurance policies referred to in Paragraph 8.3. If Lessee does or permits to be done dome anything which shall increase the cost of the insurance policies referred to in Paragraph 8.3, then Lessee shall forthwith upon Lessor's demand reimburse Lessor for any additional premiums attributable to any act or omission or operation of Lessee causing such increase in the cost of insurance. If Lessor is the insuring party, and if the insurance policies maintained hereunder cover other improvements in addition to the Premises, Lessor shall deliver to Lessee a written statement setting forth the amount of any such insurance cost increase and showing in reasonable detail the manner in which it has been computed.

Appears in 1 contract

Samples: Lease and Agreement (Authentic Specialty Foods Inc)

Insurance Policies. Insurance required hereunder shall be in companies holding duly licensed to transact business in the state where the Premises are located, and maintaining during the policy term a "General Policyholders Rating" of at least B plus, or such other rating as may be required by a lender having a lien on the Premises, as set forth in the most current issue of "Best's ’s Insurance Guide". The insuring party shall deliver to the other party copies of policies of or such insurance or certificates evidencing the existence and amounts of such insurance with loss payable clauses as required by this paragraph 8. No such policy shall be cancellable or subject to reduction of coverage or other modification except after thirty (30) days' prior written notice to Lessor. If Lessee is the insuring party Lessee shall, at least thirty (30) days prior to the expiration of such policies, furnish Lessor with renewals or "binders" thereof, or Lessor may order such insurance and charge the cost thereof to Lessee, which amount shall be payable by Lessee upon demand. Lessee shall not do or permit to be done anything which shall invalidate the insurance policies referred to in Paragraph 8.3paragraph 8(c). If Lessee does or permits to be done anything which shall increase the cost of the insurance policies referred to in Paragraph 8.3paragraph 8(c), then Lessee shall forthwith upon Lessor's ’s demand reimburse Lessor for any additional premiums attributable to any act or omission or operation of Lessee causing such increase in the cost of the insurance. If Lessor is the insuring party, and if the insurance policies maintained hereunder cover other improvements in addition to the Premises, Lessor shall deliver to Lessee a written statement setting forth the amount of any such insurance cost increase and showing in reasonable detail the manner in which it has been computed.

Appears in 1 contract

Samples: TUTOR PERINI Corp

Insurance Policies. Insurance required hereunder shall be in companies holding a "General Policyholders Rating" of at least B plus, or such other rating as may be required by a lender having a lien line on the Premises, as set forth in the most current issue of "Best's Insurance Guide". ." The insuring party shall deliver to the other party copies of policies of such insurance or certificates evidencing the 3 existence and amounts of such insurance with loss payable clauses as required by this paragraph 8. No such policy shall be cancellable cancelable or subject to reduction of coverage or other modification except after thirty (30) days' prior written notice to Lessor. If Lessee is the insuring party Lessee shall, at least thirty (30) days prior to the expiration of such policies, furnish Lessor with renewals or "binders" thereof, or Lessor may order such insurance and charge the cost thereof to Lessee, which amount shall be payable by Lessee upon demand. Lessee shall not do or permit to be done anything which shall invalidate the insurance policies referred to in Paragraph 8.3. If Lessee does or permits to be done anything which shall increase the cost of the insurance policies referred to in Paragraph 8.3, then Lessee shall forthwith upon Lessor's demand reimburse Lessor for any additional premiums attributable to any act or omission or operation of Lessee causing such increase in the cost of insurance. If Lessor is the insuring party, and if the insurance policies maintained hereunder cover other improvements in addition to the Premises, Lessor shall deliver to Lessee a written statement setting forth the amount of any such insurance cost increase and showing in reasonable detail the manner in which it has been computed.

Appears in 1 contract

Samples: Butterfield & Butterfield Auctioneers Corp

Insurance Policies. Insurance required hereunder shall be in companies holding a "General Policyholders Rating" of at least B plus, plus or such other rating as may be required by a lender having a lien on the Premises, as set forth in the most current issue of "Best's Insurance Guide". ." The insuring party shall deliver to the other party copies of policies of such insurance or certificates evidencing the existence and amounts of such insurance with loss payable clauses as required by this paragraph 8. No such policy shall be cancellable or subject to reduction of coverage or other modification except after thirty (30) days' days prior written notice to Lessor. If Lessee is the insuring party party, Lessee shall, at least leas thirty (30) days prior to the expiration of such policies, furnish Lessor with renewals or "binders" thereof, or Lessor may order such insurance and charge the cost thereof to Lessee, which amount shall be payable by Lessee upon demand. Lessee shall not do or permit to be done anything which shall invalidate the insurance policies referred to in Paragraph 8.3. If Lessee does or permits to be done anything which shall increase the cost of the insurance policies referred to in Paragraph 8.3, then Lessee shall forthwith upon Lessor's demand reimburse Lessor for any additional premiums attributable to any act or omission or operation of Lessee causing such increase in the cost of insurance. If Lessor is the insuring party, and if the insurance policies maintained hereunder cover other improvements in addition to the Premises, Lessor shall deliver to Lessee lessee a written statement setting forth the amount of any such insurance cost increase and showing in reasonable detail the manner in which it has been computed.

Appears in 1 contract

Samples: Temtex Industries Inc

Insurance Policies. Insurance required hereunder shall be in companies holding a "General Policyholders Rating" of at least B plus, or such other rating as may be required by a lender having a lien on the Premises, Premises as set forth in the most current issue issues of "Best's Insurance Guide". The insuring party shall deliver to the other party copies of policies of such insurance or certificates evidencing the existence and amounts of such insurance with loss payable clauses as required by this paragraph 8. No such policy shall be cancellable or subject to reduction of coverage or other modification except after thirty (30) days' prior written notice to Lessor. If Lessee is the insuring party Lessee shall, at least thirty (30) days prior to the expiration of such policies, furnish Lessor with renewals or "binders" thereof, or Lessor may order such insurance and charge the cost thereof to Lessee, lessee which amount shall be payable by Lessee upon demand. Lessee shall not do or permit to be done anything which shall invalidate the insurance policies referred to in Paragraph 8.3. If Lessee does or permits to be done anything which shall increase the cost of the insurance policies referred to in Paragraph 8.3, 8.3 then Lessee shall forthwith upon Lessor's demand reimburse Lessor for any additional premiums attributable to any act or omission or of operation of Lessee causing such increase in the cost of insurance. If Lessor is the insuring party, and if the insurance policies maintained hereunder cover other improvements in addition to the Premises, Lessor shall deliver to Lessee a written statement setting forth the amount of any such insurance cost increase and showing in reasonable detail the manner in which it has been computed.

Appears in 1 contract

Samples: Microtel International Inc

Insurance Policies. Insurance required hereunder shall be in companies holding a "General Policyholders Rating" of at least B plus, or such other rating as may be required by a lender having a lien on the Premises, as set forth in the most current issue of "Best's Insurance Guide". The insuring party shall deliver to the other party copies of policies of such insurance or certificates evidencing the existence and amounts of such insurance with loss payable clauses as required by this paragraph 8. No such policy shall be cancellable cancelable or subject to reduction of coverage or other modification except after thirty (30) days' prior written notice to Lessor. If Lessee is the insuring party party, Lessee shall, at least thirty (30) days prior to the expiration of such policies, furnish Lessor with renewals or "binders" ' thereof, or Lessor may order such insurance and charge the cost thereof to Lessee, which amount shall be payable by Lessee upon demand. Lessee shall not do or permit to be done anything which shall invalidate the insurance policies referred to in Paragraph paragraph 8.3. If Lessee does or permits to be done anything which shall increase the cost of the insurance policies referred to in Paragraph paragraph 8.3, then Lessee shall forthwith upon Lessor's demand reimburse Lessor for any additional premiums attributable to any act or omission or operation of Lessee causing such increase in the cost of insurance. If Lessor is the insuring party, and if the insurance policies maintained hereunder cover other improvements in addition to the Premises, Lessor shall deliver to Lessee a written statement setting forth the amount of any such insurance cost increase and showing in reasonable detail the manner in which it has been computed.8.5

Appears in 1 contract

Samples: Lithia Motors Inc

Insurance Policies. Insurance required hereunder shall be in companies holding a "General Policyholders Rating" of at least B plus, A or such other rating as may be required by a lender having a lien on the Premises, better as set forth in the most current issue of "Best's ’s Insurance Guide". The insuring party shall deliver to the other party copies of policies of such insurance or certificates evidencing the existence and amounts of such insurance with loss payable clauses as required by this paragraph 8satisfactory to Landlord. No such policy shall be cancellable cancelable or subject to reduction of coverage or other modification modifications except after thirty ten (3010) days' days prior written notice to LessorLandlord. If Lessee Tenant is the insuring party Lessee party, Tenant shall, at least thirty within ten (3010) days prior to the expiration of such policies, furnish Lessor Landlord with renewals or "binders" thereof, or Lessor Landlord may order such insurance and charge the cost thereof to LesseeTenant, which amount shall be payable by Lessee Tenant upon demand. Lessee Tenant shall not do or permit to be done anything which shall invalidate the insurance policies referred to in Paragraph Section 8.3. If Lessee Tenant does or permits to be done anything which shall increase the cost of the insurance policies referred to in Paragraph Section 8.3, then Lessee Tenant shall forthwith upon Lessor's Landlord’s demand reimburse Lessor Landlord for any additional premiums attributable to any act or omission or operation of Lessee Tenant causing such increase in the cost of insurance. If Lessor Landlord is the insuring party, party and if the insurance policies maintained hereunder cover other improvements in addition to the Premises, Lessor Landlord shall deliver to Lessee Tenant a written statement setting forth the amount of any such insurance cost increase and showing in reasonable detail the manner in which it has been computed.

Appears in 1 contract

Samples: Emulex Corp /De/

Insurance Policies. Insurance required hereunder shall be in companies holding a "General Policyholders Rating" of at least B plus, or such other rating as may be required by a lender having a lien on the Premises, as set forth in the most current issue of "Best's Insurance Guide". The insuring party shall deliver to the other party copies of policies of such insurance or certificates evidencing the existence and amounts of such insurance with loss payable clauses as required by this paragraph 88.3. No such policy shall be cancellable CANCELLABLE or subject to reduction of coverage or other modification except after thirty (30) days' days prior written notice to Lessor. If Lessee is the insuring party party, Lessee shall, at least thirty (30) days prior to the expiration of such policies, furnish Lessor with renewals or "binders" thereof, or Lessor may order such insurance and charge the cost thereof to Lessee, which amount shall be payable by Lessee upon demand. Lessee shall not do or permit to be done do anything which shall invalidate the insurance policies referred to in Paragraph 8.3. If Lessee does or permits to be done anything which shall increase the cost of the insurance policies referred to in Paragraph 8.3, then Lessee shall forthwith upon Lessor's demand reimburse Lessor for any additional premiums attributable to any act or omission or operation of Lessee causing such increase in the cost of insuranceInsurance. If Lessor is the insuring party, and if the insurance policies maintained hereunder cover other improvements in addition to the Premises, Lessor shall deliver to Lessee a Lessee's written statement setting forth the amount of any such insurance cost increase and showing in reasonable detail the manner in which it has been computed.

Appears in 1 contract

Samples: CFP Holdings Inc

Insurance Policies. Insurance required hereunder of Tenant under Section 8.01 shall be written by companies duly qualified to do business in companies holding the State of Wisconsin, with a "General Policyholders Rating" general policyholder's rating of at least B plus, or such other "A" and a financial rating as may be required by a lender having a lien on the Premisesof at least Class XI, as set forth rated in the most current issue latest edition of "Best's Insurance Guide", and shall be satisfactory in all respects to Landlord and the holder of any mortgage against the BTC. The insuring party Tenant shall provide Landlord with copies of all such policies for Landlord's review prior to the Commencement Date. Tenant shall deliver to the other party Landlord copies of such policies of such insurance or certificates evidencing the existence and amounts of such insurance with loss payable clauses as required by this paragraph 8satisfactory to Landlord. No such policy shall be cancellable cancelable or subject to reduction of coverage or other modification except after thirty (30) days' prior written notice to LessorLandlord. If Lessee is the insuring party Lessee shall, at At least thirty (30) days prior to the expiration of such Tenant's policies, Tenant shall furnish Lessor Landlord with renewals or "binders" thereof, or Lessor Landlord may order such insurance and charge the cost thereof to Lessee, which amount shall be payable by Lessee upon demandTenant as additional rent. Lessee Tenant shall not do or permit anything to be done anything which shall will invalidate the insurance policies referred furnished by Tenant or Landlord pursuant to in Paragraph 8.3Sections 8.01 and 8.02. If Lessee Tenant does or permits anything to be done anything which shall increase the cost of the insurance policies referred furnished by Landlord, Tenant shall pay to in Paragraph 8.3Landlord, then Lessee shall forthwith upon Lessor's demand reimburse Lessor for any as additional premiums attributable to any act or omission or operation of Lessee causing such increase in the cost of insurance. If Lessor is the insuring partyrent, and if the insurance policies maintained hereunder cover other improvements in addition to the Premises, Lessor shall deliver to Lessee a written statement setting forth the amount of any such additional premiums. Landlord may from time to time require that the policy limits of any or all such insurance be increased to reflect the effects of inflation and changes in normal commercial insurance practices. If Tenant fails to comply with the requirements of this Section or Section 8.01, Landlord may obtain such insurance and maintain it in effect, and Tenant shall pay Landlord the premium cost increase and showing in reasonable detail the manner in which it has been computedany other costs or expenses incurred by Landlord as additional rent.

Appears in 1 contract

Samples: Lease (Ophidian Pharmaceuticals Inc)

Insurance Policies. Insurance required hereunder shall be in companies holding a "General Policyholders Rating" of at least B plus, or such other rating as may be required by a lender having a lien on the Premises, as set forth in the most current issue of "Best's Insurance Guide". The insuring party shall deliver to the other party copies of policies of such insurance or certificates evidencing the existence and amounts of such insurance with loss payable clauses as required by this paragraph 8. No such policy shall be cancellable or subject to reduction of coverage or other modification except after thirty (30) days' prior written notice to Lessor. If Lessee Xxxxxx is the insuring party Lessee shall, at least thirty (30) days prior to the expiration of such policies, furnish Lessor with renewals or "binders" thereof, or Lessor may order such insurance and charge the cost thereof to Lessee, which amount shall be payable by Lessee upon demand. Lessee shall not do or permit to be done anything which shall invalidate the insurance policies referred to in Paragraph 8.3. If Lessee does or permits to be done anything which shall increase the cost of the insurance policies referred to in Paragraph 8.3, then Lessee shall forthwith upon LessorXxxxxx's demand reimburse Lessor for any additional premiums attributable to any act or omission or operation of Lessee causing such increase in the cost of insurance. If Lessor is the insuring party, and if the insurance policies maintained hereunder cover other improvements in addition to the Premises, Lessor shall deliver to Lessee a written statement setting forth the amount of any such insurance cost increase and showing in reasonable detail the manner in which it has been computed.

Appears in 1 contract

Samples: Kinetics Group Inc

Insurance Policies. Insurance required hereunder shall be in companies holding a "General Policyholders Rating" of at least B plus, A or such other rating as may be required by a lender having a lien on the Premises, as set forth in the most current issue of "Best's Insurance Guide". The insuring party shall deliver to the other party copies of policies of such insurance or certificates evidencing the existence and amounts of such insurance with loss payable clauses as required by this paragraph 8. No such policy shall be cancellable or subject to reduction of coverage or other modification except after thirty (30) days' prior written notice to Lessor. If Lessee is the insuring party Lessee shall, at least thirty (30) days prior to the expiration of such policies, furnish Lessor with renewals or "binders" thereof, or Lessor may order such insurance and charge the cost thereof to Lessee, which amount shall be payable by Lessee upon demand. Lessee shall not do or permit to be done anything which shall invalidate the insurance policies referred to in Paragraph 8.3. If Lessee does or permits to be done anything which shall increase the cost of the insurance policies referred to in Paragraph 8.3, then Lessee shall forthwith upon Lessor's demand reimburse Lessor for any additional premiums attributable to any act or omission or operation of Lessee causing such increase in the cost of insurance. If Lessor is the insuring party, and if the insurance policies maintained hereunder cover other improvements in addition to the Premises, Lessor shall deliver to Lessee a written statement setting forth the amount of any such insurance cost increase and showing in reasonable detail the manner in which it has been computed. See Addendum paragraph 57.

Appears in 1 contract

Samples: Valley National Corp /De/

Insurance Policies. Insurance required hereunder shall be in companies holding a "General Policyholders Rating" of at least B plus, or such other rating as may be required by a lender having a lien on the Premises, as set forth in the most current issue of "Best's Insurance Guide". The insuring party shall deliver to the other party copies of policies of such insurance or certificates evidencing the existence and amounts of such insurance with loss payable clauses as required by this paragraph 8. No such policy shall be cancellable or subject to reduction of coverage or other modification except after thirty (30) days' prior written notice to Lessor. If Lessee is the insuring party Lessee shall, at least thirty (30) days prior to the expiration of such policies, furnish Lessor with renewals or "binders" thereof, or Lessor or may order such insurance and charge the cost thereof to Lessee, which amount shall be payable by Lessee upon demand. Lessee shall not do or permit to be done anything which shall invalidate the insurance policies referred to in Paragraph 8.3. If Lessee does or permits to be done anything which shall increase the cost of the insurance policies referred to in Paragraph 8.3, then Lessee shall forthwith upon Lessor's demand reimburse Lessor for any additional premiums attributable to any act or omission or operation of Lessee causing such increase in the cost of insurance. If Lessor is the insuring party, and if the insurance policies maintained hereunder cover other improvements in addition to the Premises, . Lessor shall deliver to Lessee a written statement setting forth the amount of any such insurance cost increase and showing in reasonable detail the manner in which it has been computed.

Appears in 1 contract

Samples: Truetime Inc

Insurance Policies. Insurance required hereunder shall be in companies holding a "General Policyholders Rating" of at least B plus, or such other rating as may be required by a lender having a lien on the Premises, as set forth in the most current issue of "Best's Insurance Guide". The insuring party shall deliver to the other party copies of policies of such insurance or certificates evidencing the existence and amounts of such insurance with loss payable clauses as required by this paragraph 8. No such policy shall be cancellable cancelable or subject to reduction of coverage or other modification except after thirty (30) days' prior written notice to LessorLessor and Lessee. If Lessee is the insuring party Lessee Lessor shall, at least thirty (30) days prior to the expiration of such policies, furnish Lessor Lessee with renewals or "binders" thereof, or Lessor Lessee may order such insurance and charge the cost thereof to Lessee, Lessor with interest at 15% per annum (which amounts Lessee may deduct against payments due under this Lease) which amount shall be payable by Lessee Lessor upon demanddemand except for Lessee's proportionate share as hereinafter provided. Lessee shall not do or permit to be done anything which shall invalidate the insurance policies referred to in Paragraph 8.3. If Lessee does or permits to be done anything which shall increase the cost of the insurance policies referred to in Paragraph 8.3, then Lessee shall forthwith upon Lessor's demand reimburse Lessor for any additional premiums attributable to any act or omission or operation of Lessee causing such increase in the cost of insurance. If Lessor is the insuring party, and if the insurance policies maintained hereunder cover other improvements in addition to the Premises, Lessor shall deliver to Lessee a written statement setting forth the amount of any such insurance cost increase and showing in reasonable detail the manner in which it has been computed; and any increase caused by the acts, omissions, use or occupancy of another tenant or Lessor, shall not be paid for by Lessee.

Appears in 1 contract

Samples: Industrial Lease (J&j Snack Foods Corp)

Insurance Policies. Insurance required hereunder shall be in companies holding a "General Policyholders Rating" of at least B plus, or such other rating as may be required by a lender having a lien on the Premises, as set forth in the most current issue of "Best's Insurance Guide". The insuring party shall deliver to the other party copies of policies of such insurance or certificates evidencing the existence and amounts of such insurance with loss payable clauses as required by this paragraph 8. No such policy shall be cancellable or subject to reduction of coverage or other modification except after thirty (30) days' prior written notice to Lessor. If Lessee Xxxxxx is the insuring party Lessee shall, at least thirty (30) days prior to the expiration of such policies, furnish Lessor with renewals or "binders" thereof, or Lessor may order such insurance and charge the cost thereof to Lessee, which amount shall be payable by Lessee upon demand. Lessee shall not do or permit to be done anything which shall invalidate the insurance policies referred to in Paragraph 8.3. If Lessee does or permits to be done anything which shall increase the cost of the insurance policies referred to in Paragraph 8.36.3, then Lessee shall forthwith upon LessorXxxxxx's demand reimburse Lessor for any additional premiums attributable to any act or omission or operation of Lessee causing such increase in the cost of insurance. If Lessor is the insuring party, and if the insurance policies maintained hereunder cover other improvements in addition to the Premises, Lessor shall deliver to Lessee a written statement setting forth the amount of any such insurance cost increase and showing in reasonable detail the manner in which it has been computed.

Appears in 1 contract

Samples: Specialty Laboratories

Insurance Policies. Insurance required hereunder shall be in companies holding a "General Policyholders Rating" of at least B plus, or such other rating as may be required by a lender having a lien on the Premises, as set forth in the most current issue of "Best's Insurance Guide". The insuring party shall deliver to the other party copies of policies of such insurance or certificates evidencing the existence and amounts of such insurance with loss payable clauses as required by this paragraph 8. No such policy shall be cancellable or subject to reduction of coverage or other modification except after thirty (30) days' prior written notice to Lessor. If Lessee is the insuring party Lessee shall, at least thirty (30) days prior to the expiration of such policies, furnish Lessor with renewals or "binders" thereof, or Lessor may order such insurance and charge the cost thereof to Lessee, which amount shall be payable by Lessee upon demand. Lessee shall not do or permit to be done anything which shall invalidate the insurance policies referred to in Paragraph 8.3. If Lessee does or permits to be done anything which shall increase the cost of the insurance policies referred to in Paragraph 8.3, d.3 then Lessee shall forthwith upon Lessor's demand reimburse Lessor for any additional premiums attributable to any act or omission or operation of Lessee causing such increase in the cost of insurance. If Lessor is the insuring party, and if the insurance policies maintained hereunder cover other improvements in addition to the Premises, Lessor shall deliver to Lessee a written statement setting forth the amount of any such insurance cost increase and showing in reasonable detail the manner in which it has been computed.

Appears in 1 contract

Samples: Supershuttle International Inc

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Insurance Policies. Insurance required hereunder shall be in companies holding a "General Policyholders Rating" of at least B plus, or such other rating as may be required by a lender having a lien on the Premises, as set forth in the most current issue of "Best's Insurance Guide". The insuring party shall deliver to the other party copies of policies of such insurance or certificates evidencing the existence and amounts of such insurance with loss payable clauses as required by this paragraph 8. No such policy shall be cancellable cancelable or subject to reduction of coverage or other modification except after thirty (30) days' prior written notice to Lessor. If Lessee is the insuring party Lessee shall, at least thirty (30) days prior to the expiration of such policies, furnish Lessor with renewals or "binders" thereof, or Lessor may order such insurance and charge the cost thereof to Lessee, which amount shall be payable by Lessee upon demand. Lessee shall not do or permit to be done anything which shall invalidate the insurance policies referred to in Paragraph 8.3. If Lessee does or permits to be done anything which shall increase the cost of the insurance policies referred to in Paragraph 8.3, then Lessee shall forthwith upon Lessor's demand reimburse Lessor for any additional premiums attributable to any act or omission or operation of Lessee causing such increase in the cost of insurance. If if Lessor is the insuring party, and if the insurance policies maintained hereunder cover other improvements in addition to the Premises, Lessor shall deliver to Lessee a written statement setting forth the amount of any such insurance cost increase and showing in reasonable detail the manner in which it has been computed.. 8.5

Appears in 1 contract

Samples: Industrial Lease (Newstar Media Inc)

Insurance Policies. Insurance required hereunder shall be in companies holding a "General Policyholders Rating" of at least B plus, rated AAA or such other rating as may be required by a lender having a lien on the Premises, as set forth better in the most current issue of "Best's Insurance Guide". The insuring party shall deliver to the other party copies of policies of such insurance or certificates evidencing the existence and amounts of such insurance with loss payable clauses as required by this paragraph 8satisfactory to Lessor. No such policy shall be cancellable or subject to reduction of coverage or other modification except after thirty (30) days' 10 days prior written notice to Lessor. If Lessee is the insuring party party, Lessee shall, at least thirty (30) within 10 days prior to the expiration of such policies, furnish Lessor with renewals or "binders" thereof, or Lessor may order such insurance and charge the cost thereof to Lessee, which amount shall be payable by Lessee upon demand. Lessee shall not do or permit to be done anything which shall invalidate the insurance policies referred to in Paragraph 8.3. If Lessee does or permits to be done anything which shall increase the cost of the insurance policies referred to in Paragraph 8.3, then Lessee shall forthwith upon Lessor's demand reimburse Lessor for any additional premiums attributable to any act or of omission or operation of Lessee causing such increase in the cost of insurance. If Lessor is the insuring party, and if the insurance policies maintained hereunder cover other improvements in addition to the Premises, Lessor shall deliver to Lessee a written statement setting forth the amount of any such insurance cost increase and showing in reasonable detail the manner in which it has been computed.

Appears in 1 contract

Samples: CFP Holdings Inc

Insurance Policies. Insurance required hereunder shall be in companies holding a "holdings “General Policyholders Rating" of at least B plus, plus or such other rating as may be required by a lender having a lien on the Premises, better as set forth in the most current issue of "Best's ’s Insurance Guide". The insuring party shall deliver to the other party copies of policies of such insurance or certificates evidencing the existence and amounts of such insurance with loss payable clauses as required by this paragraph 8satisfactory to Lessor. No such policy shall be cancellable or subject to reduction of coverage or other modification except after thirty ten (3010) days' days prior written notice to Lessor. If Lessee is the insuring party Lessee shall, at least thirty within ten (3010) days prior to the expiration of such policies, furnish Lessor with renewals or "binders" thereof, or Lessor may order such insurance and charge the cost thereof to Lessee, which amount shall be payable by Lessee upon demand. Lessee shall not do or permit to be done anything which shall invalidate the insurance policies referred to in Paragraph 8.3. If Lessee does or permits to be done anything which shall increase the cost of the insurance policies referred to in Paragraph 8.3, then Lessee shall forthwith upon Lessor's ’s demand reimburse Lessor for any additional premiums attributable to any act or omission or operation of Lessee causing such increase in the cost of insurance. If Lessor is the insuring party, and if the insurance policies maintained hereunder cover other improvements in addition to the Premises, Lessor shall deliver to Lessee a written statement setting forth the amount of any such insurance cost increase and showing in reasonable detail the manner in which it has been computed.

Appears in 1 contract

Samples: Strasbaugh

Insurance Policies. Insurance required hereunder shall be in companies holding a "General Policyholders Rating" of at least B plus, or such other rating as may be required by a lender having a lien on the Premises, as set forth in the most current issue issues of "Best's Insurance Guide". The insuring party shall deliver to the other party copies of policies of such insurance or certificates evidencing the existence and amounts of such insurance with loss payable clauses as required by this paragraph 8. No such policy shall be cancellable or subject to reduction of coverage or other modification except after thirty (30) days' prior written notice to Lessor. If Lessee is the insuring party Lessee shall, at least thirty (30) days prior to the expiration of such policies, furnish Lessor with renewals or "binders" thereof, or Lessor may order such insurance and charge the cost thereof to Lessee, which amount shall be payable by Lessee upon demand. Lessee shall not do or permit to be done anything which shall invalidate the insurance policies referred to in Paragraph 8.3. If Lessee does or permits to be done anything which shall increase the cost of the insurance policies referred to in Paragraph 8.3, then Lessee shall forthwith upon Lessor's demand reimburse Lessor for any additional premiums attributable to any act or omission or operation of Lessee causing such increase in the cost of insurance. If Lessor is the insuring party, and if the insurance policies maintained hereunder cover other improvements in addition to the Premises, Lessor shall deliver to Lessee lessee a written statement setting forth the amount of any such insurance cost increase and showing in reasonable detail the manner in which it has been computed.

Appears in 1 contract

Samples: Industrial Lease (Leiner Health Products Inc)

Insurance Policies. Insurance required hereunder shall be in companies holding a "General Policyholders Rating" of at least B plus, plus or such other rating as may be required by a lender having a lien on the Premises, better as set forth in the most current issue of "Best's ’s Insurance Guide". The insuring party shall deliver to the other party copies of policies of such insurance or certificates evidencing the existence and amounts of such insurance with loss payable clauses as required by this paragraph 8satisfactory to Lessor. No such policy shall be cancellable or subject to reduction of coverage or other modification except after thirty ten (3010) days' prior written notice to Lessor. If Lessee is the insuring party Lessee shall, at least thirty within ten (3010) days prior to the expiration of such policies, furnish Lessor with renewals or "binders" thereof, or Lessor may order such insurance and charge the cost thereof to Lessee, which amount shall be payable by Lessee upon demand. Lessee shall not do or permit to be done anything which shall invalidate the insurance policies referred to in Paragraph 8.3. If Lessee does or permits to be done anything which shall increase the cost of the insurance policies referred to in Paragraph 8.3, then Lessee shall forthwith upon Lessor's ’s demand reimburse Lessor for any additional premiums attributable to any act or omission or operation of Lessee causing such increase in the cost of insurance. If Lessor is the insuring party, and if the insurance policies maintained hereunder cover other improvements in addition to the Premises, Lessor shall deliver to Lessee a written statement setting forth the amount of any such insurance cost increase and showing in reasonable detail the manner in which it has been computed.

Appears in 1 contract

Samples: Industrial Lease (Harvard Bioscience Inc)

Insurance Policies. Insurance required hereunder shall be in companies holding a "General Policyholders Rating" of at least B plus, or such other rating as may be required by a lender having a lien on the Premises, as set forth in the most current issue of "Best's ’s Insurance Guide". The insuring party shall deliver to the other party copies of policies of such insurance or certificates evidencing the existence and amounts of such insurance with loss payable clauses as required by this paragraph 8. No such policy shall be cancellable or subject to reduction of coverage or other modification except after thirty (30) days' prior written notice to Lessor. If Lessee is the insuring party Lessee shall, at least thirty (30) days prior to the expiration of such policies, furnish Lessor with renewals or "binders" thereof, or Lessor may order such insurance and charge the cost thereof to Lessee, which amount shall be payable by Lessee upon demand. Lessee shall not do or permit to be done anything which shall invalidate the insurance policies referred to in Paragraph 8.3. If Lessee does or permits to be done anything which shall increase the cost of the insurance policies referred to in Paragraph 8.3, then Lessee shall forthwith upon Lessor's ’s demand reimburse Lessor for any additional premiums attributable to any act or omission or operation of Lessee causing such increase in the cost of insurance. If Lessor is the insuring party, and if the insurance policies maintained hereunder cover other improvements in addition to the Premises, Lessor shall deliver to Lessee a written statement setting forth the amount of any such insurance cost increase and showing in reasonable detail the manner in which it has been computed.

Appears in 1 contract

Samples: The Lease Agreement (TUTOR PERINI Corp)

Insurance Policies. Insurance required hereunder shall be in companies holding a "General Policyholders Rating" of at least B plus, or such other rating as may be required by a lender having a lien on the Premises, as set forth in the most current issue of "Best's Insurance Guide". The insuring party shall deliver to the other party copies of policies of such insurance or certificates evidencing the existence and amounts of such insurance insurnace with loss payable clauses as required by this paragraph 8. No such policy shall be cancellable or subject to reduction of coverage or other modification except after thirty (30) days' prior written notice to Lessor. If Lessee is the insuring insurance party Lessee lessee shall, at least lest thirty (30) days prior to the expiration of such policies, furnish Lessor with renewals or "binders" thereof, or of Lessor may order such insurance and charge the cost thereof to Lessee, which amount shall be payable by Lessee upon demand. Lessee shall not do or permit to be done anything which shall invalidate the insurance policies referred to in Paragraph 8.3. If Lessee does or permits to be done anything which shall increase the cost of the insurance policies referred to in Paragraph 8.33, then Lessee shall forthwith upon Lessor's demand reimburse Lessor for any additional premiums attributable to any act or omission or operation of Lessee causing such increase in the cost of insurance. If Lessor is the insuring party, and if the insurance policies maintained hereunder cover other improvements in addition to the Premises, Lessor shall deliver to Lessee a written statement setting forth the amount of any such insurance cost increase and showing in reasonable detail the manner in which it has been computed.

Appears in 1 contract

Samples: Park Electrochemical Corp

Insurance Policies. Insurance required hereunder shall be in companies holding a "General Policyholders Rating" of at least B plus, or such other rating as may be required by a lender having a lien on the Premises, as set forth in the most current issue of "Best's Insurance Guide". The insuring party shall deliver to the other party copies of policies of such insurance or certificates evidencing the existence and amounts of such insurance with loss payable clauses as required by this paragraph 8. No such policy shall be cancellable or subject to reduction of coverage or other modification except after thirty (30) days' prior written notice to Lessor. If Lessee is the insuring party Lessee shall, at least thirty (30) days prior to the expiration of such policies, furnish Lessor with renewals or "binders" thereof, or Lessor may order such insurance and charge the cost thereof to Lessee, which amount shall be payable by Lessee upon demand. Lessee shall not do or permit to be done anything which shall invalidate the insurance policies referred to in Paragraph 8.3. If Lessee does or permits to be done anything which shall increase the cost of the insurance policies referred to in Paragraph 8.3, then Lessee shall forthwith upon Lessor's demand reimburse Lessor for any additional premiums attributable to any act or omission or operation of Lessee causing such increase in the cost of insurance. If Lessor is the insuring party, and if the insurance policies maintained hereunder cover other improvements in addition to the Premises, . Lessor shall deliver to Lessee a written statement setting forth the amount of any such insurance cost increase and showing in reasonable detail the manner in which it has been computed.

Appears in 1 contract

Samples: Vantagemed Corp

Insurance Policies. Insurance required hereunder shall be in companies holding a "General Policyholders Rating" of at least B plus, plus or such other rating as may be required by a lender having a lien on the Premises, better as set forth in the most current issue of "Best's Insurance Guide". The insuring party shall deliver to the other party copies of policies of such insurance or certificates evidencing the existence and amounts of such insurance with loss payable clauses as required by this paragraph 8satisfactory to Lessor. No such policy shall be cancellable or subject to reduction of coverage or other modification except after thirty ten (3010) days' days prior written notice to Lessor. If Lessee is the insuring party Lessee shall, at least thirty within ten (3010) days prior to the expiration of such policies, furnish Lessor with renewals or "binders" thereof, or Lessor may order such insurance and charge the cost thereof to Lessee, which amount shall be payable by Lessee upon demand. Lessee shall not do or permit to be done anything which shall invalidate the insurance policies referred to in Paragraph 8.3. If Lessee does or permits to be done anything which shall increase the cost of the insurance policies referred to in Paragraph 8.3, then Lessee shall forthwith upon Lessor's demand reimburse Lessor for any additional premiums attributable to any act or omission or operation of Lessee causing such increase in the cost of insurance. If Lessor is the insuring party, and if the insurance policies maintained hereunder cover other improvements in addition to the Premises, Lessor shall deliver to Lessee a written statement setting forth the amount of any such insurance cost increase and showing in reasonable detail the manner in which it has been computed.

Appears in 1 contract

Samples: Alpha Technologies Group Inc

Insurance Policies. Insurance required hereunder shall be in companies holding a "General Policyholders Rating" of at least B plus, rated AAA or such other rating as may be required by a lender having a lien on the Premises, as set forth better in the most current issue of "Best's Insurance Guide". The insuring party shall deliver to the other party copies of policies of such insurance or certificates evidencing the existence and amounts of such insurance with loss payable clauses as required by this paragraph 8satisfactory to Lessor. No such policy shall be cancellable or subject to reduction of coverage or other modification except after thirty (30) days' 10 days prior written notice to Lessor. If Lessee is the insuring party party, Lessee shall, at least thirty (30) within 10 days prior to the expiration of such policies, furnish Lessor with renewals or "binders" thereof, or Lessor may order such insurance and charge the cost thereof to Lessee, which amount shall be payable by Lessee upon demand. Lessee shall not do or permit to be done anything which shall invalidate the insurance policies referred to in Paragraph 8.3. If Lessee does or permits to be done anything which shall increase the cost of the insurance policies referred to in Paragraph 8.3, then Lessee shall forthwith upon Lessor's demand reimburse Lessor for any additional premiums attributable to any act or omission or operation of Lessee causing such increase in the cost of insurance. If Lessor is the insuring party, and if the insurance policies maintained hereunder cover other improvements in addition to the Premises, Lessor shall deliver to Lessee a written statement setting forth the amount of any such insurance cost increase and showing in reasonable detail the manner in which it has been computed.

Appears in 1 contract

Samples: Lease and Agreement (Authentic Specialty Foods Inc)

Insurance Policies. Insurance required hereunder shall be in companies Companies holding a "General Policyholders Rating" of at least B plus, or such other rating as may be required by a lender having a lien on the Premises, as set forth in the most current issue of "Best's Insurance Guide". The insuring party shall deliver to the other party copies of policies of such insurance or certificates evidencing the existence and amounts of such insurance with loss payable clauses as required by this paragraph 8. No such policy shall be cancellable or subject to reduction of coverage or other modification except after thirty (30) days' prior written notice to Lessor. If Lessee is the insuring party Lessee shall, at least thirty (30) days prior to the expiration of such policies, furnish Lessor with renewals or "binders" thereof, or Lessor may order such insurance and charge the cost thereof to Lessee, which amount shall be payable by Lessee upon demand. Lessee shall not do or permit to be done anything which shall invalidate the insurance policies referred to in Paragraph 8.3. If Lessee does or permits to be done anything which shall increase the cost of the insurance policies referred to in Paragraph 8.3, then Lessee shall forthwith upon Lessor's demand reimburse Lessor for any additional premiums attributable to any act or omission or operation of Lessee causing such increase in the cost of insurance. If Lessor is the insuring party, and if the insurance policies maintained hereunder cover other improvements in addition to the Premises, . Lessor shall deliver to Lessee a written statement setting forth the amount of any such insurance cost increase and showing in reasonable detail the manner in which it has been computed.

Appears in 1 contract

Samples: Agreement (Valley Media Inc)

Insurance Policies. Insurance required hereunder shall be in companies holding a "General Policyholders Rating" of at least B plus, or such other rating ratings as may be required by a lender having a lien on the Premises, as set forth in the most current issue of "Best's Insurance Guide". The insuring party shall deliver to the other party copies of policies of such insurance or certificates evidencing the existence and amounts of such insurance with loss payable clauses as required by this paragraph 8. No such policy shall be cancellable or subject to reduction of coverage or other modification except after thirty (30) days' prior written notice to Lessor. If Lessee is the insuring party Lessee shall, at least thirty (30) days prior to the expiration of such policies, furnish Lessor with renewals or "binders" thereof, or Lessor may order such insurance and charge the cost thereof thereto to Lessee, which amount shall be payable by Lessee upon demand. Lessee shall not do or permit to be done anything which shall invalidate the insurance policies referred to in Paragraph 8.3. If Lessee does or permits to be done anything which shall increase the cost of the insurance policies referred to in Paragraph 8.3, then Lessee shall forthwith upon Lessor's demand reimburse Lessor for any additional premiums attributable to any act or omission or operation of Lessee causing such increase in the cost of insurance. If Lessor is the insuring party, and if the insurance policies maintained hereunder cover other improvements in addition to the Premises, . Lessor shall deliver to Lessee a written statement setting forth the amount of any such insurance cost increase and showing in reasonable detail the manner in which it has been computed.

Appears in 1 contract

Samples: Aviation Distributors Inc

Insurance Policies. Insurance required hereunder shall be in companies holding a "General Policyholders Rating" of at least B plus, (A)VI or such other rating as may be required by a lender having a lien on the Premises, as set forth in the most current issue of "Best's Insurance Guide". The insuring party shall deliver to the other party copies of policies of such insurance or certificates evidencing the existence and amounts of such insurance with loss payable clauses as required by this paragraph 8. No such policy shall be cancellable or subject to reduction of coverage or other modification except after thirty (30) days' prior written notice to Lessor. If Lessee is the insuring party Lessee shall, at least thirty (30) days prior to the expiration of such policies, furnish Lessor with renewals or "binders" thereof, or Lessor may order such insurance and charge the cost thereof to Lessee, which amount shall be payable by Lessee upon demand. Lessee shall not do or permit to be done anything which shall invalidate the insurance policies referred to in Paragraph 8.3. If Lessee does or permits to be done anything which shall increase the cost of the insurance policies referred to in Paragraph 8.3, then Lessee shall forthwith upon Lessor's demand reimburse Lessor for any additional premiums attributable to any act or omission or operation of Lessee causing such increase in the cost of insurance. If Lessor is the insuring party, and if the insurance insuring policies maintained hereunder cover other improvements in addition to the Premises, Lessor shall deliver to Lessee a written statement setting forth the amount of any such insurance cost increase and showing in reasonable detail the manner in which it has been computed.

Appears in 1 contract

Samples: Image Entertainment Inc

Insurance Policies. Insurance required hereunder shall be in companies holding a "General Policyholders Rating" of at least B plus, plus or such other rating as may be required by a lender having a lien on the Premises, better as set forth in the most current issue of "Best's Insurance Guide". The insuring party shall deliver to the other party copies of policies of such insurance or certificates evidencing the existence and amounts of such insurance with loss payable clauses as required by this paragraph 8satisfactory to Lessor. No such policy shall be cancellable cancelable or subject to reduction of coverage or other modification except after thirty ten (3010) days' prior written notice to Lessor. If Lessee is the insuring party Lessee shall, at least thirty within ten (3010) days prior to the expiration of such policies, furnish Lessor with renewals or "binders" thereof, or Lessor may order such insurance and charge the cost thereof to Lessee, which amount shall be payable by Lessee upon demand. Lessee shall not do or permit to be done anything which shall invalidate the insurance policies referred to in Paragraph 8.3. If Lessee does or permits to be done anything which shall increase the cost of the insurance policies referred to in Paragraph 8.3, then Lessee shall forthwith upon Lessor's demand reimburse Lessor for any additional premiums attributable to any act or omission or operation of Lessee causing such increase in the cost of insurance. If Lessor is the insuring party, and if the insurance policies maintained hereunder cover other improvements in addition to the Premises, Lessor shall deliver to Lessee a written statement setting forth the amount of any such insurance cost increase and showing in reasonable detail the manner in which it has been computed.

Appears in 1 contract

Samples: Industrial Lease (Conceptus Inc)

Insurance Policies. Insurance required hereunder shall be in companies holding a "General Policyholders Rating" of at least B 8 plus, . or such other rating as may be required by a lender having a lien on the Premises, as set forth in the most current issue of "Best's Insurance Guide". The insuring party patty shall deliver to the other txx xxher party copies of policies of such insurance or of certificates evidencing the existence and amounts of such insurance with loss payable clauses as required by this paragraph 8. No such policy shall be cancellable cancelable or subject to reduction of coverage or other modification except after thirty (30) days' prior written notice to Lessor. If It Lessee is the insuring party Lessee shall, at least thirty (30) days prior to the expiration of such policies, furnish Lessor with renewals or "binders" thereof, or Lessor may order such insurance and charge the cost thereof to Lessee, which amount shall be payable by Lessee upon demand. Lessee shall not do or permit to be done anything which shall invalidate the insurance policies referred to in Paragraph 8.3. If 11 Lessee does or permits to be done anything which shall increase the cost of the insurance policies referred retorted to in Paragraph 8.38,3, then Lessee shall forthwith upon Lessor's demand reimburse Lessor for any additional premiums attributable to any act or omission or operation of Lessee causing such increase in In the cost of insurance. If Lessor is Is the insuring Insuring party, and if it the insurance policies maintained hereunder cover other improvements in addition to the PremisesPromises, Lessor shall deliver to Lessee a written statement setting forth the amount of any such insurance cost increase coal Increase and showing in reasonable detail the manner in In which it It has been computed.

Appears in 1 contract

Samples: Accord Advanced Technologies Inc

Insurance Policies. Insurance required hereunder The policies of insurance maintained by Landlord and Tenant pursuant to Paragraph 8.1 above shall each (a) include a cross liability endorsement providing that Landlord and Tenant, although insureds, may recover on account of the negligence of the other, and (b) provide that such insurance is not contributory with the coverage which the other party may carry and is primary insurance coverage and not excess insurance coverage or overage insurance coverage. The policies of insurance maintained by Landlord and Tenant pursuant to this Lease shall (1) provide that the insurer will give at least thirty (30) days' written notice of any cancellation, reduction in coverage, lapse or failure to renew, to the insured party or parties thereunder, and (2) be in companies holding obtained from an insurer with a "General Policyholders Rating" policy holder's rating of at least B plus, or such other A- and a financial rating as may be required by a lender having a lien on the Premises, as set forth of not less than VIII in the most current issue of "recently published Best's Insurance Guide". The insuring insurance required to be maintained by the parties hereunder is subject to increase upon reasonable request by the other party shall in accordance with customary industry practice for insurance maintained by comparable landlords or tenants of comparable projects or premises, as applicable, in the vicinity of the Project and Premises. Landlord and Tenant agree to deliver to the other party copies certificates of policies of such insurance or certificates evidencing the existence and amounts in force of the policies of insurance described in this Lease promptly following request therefor by the other party. Each of such certificates shall provide that such insurance with loss payable clauses as required by this paragraph 8. No such policy shall not be cancellable canceled, reduced in coverage, lapse or subject to reduction of coverage or other modification except after materially amended unless thirty (30) days' prior written notice to Lessor. If Lessee of such cancellation, reduction in coverage, lapse or amendment is the insuring party Lessee shall, at least thirty (30) days prior given to the expiration party designated on such certificate as the holder thereof. Any insurance required by this Paragraph 8 may be by satisfied by blanket, umbrella and/or excess liability insurance, covering additional items or locations or insureds, so long as the coverage afforded (including, without limitation, coverage as to additional insureds) will not be reduced or diminished by reason of the use of such policiesblanket, furnish Lessor with renewals or "binders" thereof, or Lessor may order such insurance and charge the cost thereof to Lessee, which amount shall be payable by Lessee upon demand. Lessee shall not do or permit to be done anything which shall invalidate the insurance policies referred to in Paragraph 8.3. If Lessee does or permits to be done anything which shall increase the cost of the insurance policies referred to in Paragraph 8.3, then Lessee shall forthwith upon Lessor's demand reimburse Lessor for any additional premiums attributable to any act or omission or operation of Lessee causing such increase in the cost umbrella and/or excess liability policy of insurance. If Lessor is the insuring party, and if the insurance policies maintained hereunder cover other improvements in addition to the Premises, Lessor shall deliver to Lessee a written statement setting forth the amount of any such insurance cost increase and showing in reasonable detail the manner in which it has been computed.

Appears in 1 contract

Samples: Sport Chalet Inc

Insurance Policies. Insurance required hereunder shall be in companies holding a "General Policyholders Rating" of at least B plus, “A” or such other rating as may be required by a lender having a lien on the Premises, better as set forth in the most current issue of "Best's ’s Insurance Guide"" and admitted to do business in the state of California. The insuring party shall deliver to the other party copies of policies of such insurance or certificates evidencing the existence and amounts of such insurance with loss payable clauses as required by this paragraph 8satisfactory to Landlord. No such policy shall be cancellable cancelable or subject to reduction of coverage or other modification modifications except after thirty ten (3010) days' days prior written notice to LessorLandlord. If Lessee Tenant is the insuring party Lessee party, Tenant shall, at least thirty within ten (3010) days prior to the expiration of such policies, furnish Lessor Landlord with renewals or "binders" thereof, or Lessor Landlord may order such insurance and charge the cost thereof to LesseeTenant, which amount shall be payable by Lessee Tenant upon demand. Lessee Tenant shall not do or permit to be done anything which shall invalidate the insurance policies referred to in Paragraph Section 8.3. If Lessee Tenant does or permits to be done anything which shall increase the cost of the insurance policies referred to in Paragraph Section 8.3, then Lessee Tenant shall forthwith upon Lessor's Landlord’s demand reimburse Lessor Landlord for any additional premiums attributable to any act or omission or operation of Lessee Tenant causing such increase in the cost of insurance. If Lessor Landlord is the insuring party, party and if the insurance policies maintained hereunder cover other improvements in addition to the Premises, Lessor Landlord shall deliver to Lessee Tenant a written statement setting forth the amount of any such insurance cost increase and showing in reasonable detail the manner in which it has been computed.

Appears in 1 contract

Samples: GigOptix, Inc.

Insurance Policies. Insurance required hereunder shall be in companies holding a rated Al, AAA or better in "General Policyholders Rating" of at least B plus, or such other rating as may be required by a lender having a lien on the Premises, as set forth in the most current issue of "Best's Best Insurance Guide". The insuring party shall deliver prior to possession, to the other party party, copies of policies of such insurance or certificates evidencing the existence and amounts of such insurance with loss payable clauses as required by this paragraph 8satisfactory to Landlord. No such policy shall be cancellable cancelable or subject to reduction of coverage or other modification except after thirty ten (3010) days' days prior written notice to LessorLandlord. If Lessee Tenant is the insuring party Lessee party, Tenant shall, at least thirty within ten (3010) days prior to the expiration of such policies, furnish Lessor Landlord with renewals or "binders" thereof, or Lessor Landlord may order such insurance and charge the cost thereof to LesseeTenant, which amount shall be payable by Lessee Tenant upon demand. Lessee Tenant shall not do or permit to be done anything which that shall invalidate the insurance policies referred to in Paragraph Article 8.3. If Lessee does or permits to be done anything which Tenant shall increase the cost of the insurance policies referred to in Paragraph 8.3forthwith, then Lessee shall forthwith upon LessorLandlord's demand demand, reimburse Lessor Landlord for any additional premiums attributable to any act or omission or operation of Lessee Tenant causing such increase in the cost of insurance. If Lessor Landlord is the insuring party, and if the insurance policies maintained hereunder cover other improvements in addition to the Premises, Lessor Landlord shall deliver to Lessee Tenant a written statement setting forth the amount of any such insurance cost increase and showing in reasonable detail the manner in which it has been computed.

Appears in 1 contract

Samples: Lease Agreement (Celebrate Express, Inc.)

Insurance Policies. Insurance required hereunder shall be in companies holding a "General Policyholders Rating" of at least B plusA-, or such other rating as may be required by a lender having a lien on the Premises, as set forth in the most current issue of "Best's Insurance Key Rating Guide". The insuring party Tenant shall deliver provide to the other party Landlord copies of policies of such insurance or certificates evidencing the existence and the amounts of such insurance with loss payable clauses as required by in paragraph 10.1 (and in paragraph 10.2 if Tenant is required to obtain and keep it in force) upon Tenant's execution of this paragraph 8Lease. No such policy shall be cancellable cancelable or subject to reduction of coverage or other modification except after thirty (30) days' days prior written notice to LessorLandlord. If Lessee is the insuring party Lessee Tenant shall, at least thirty (30) days prior to the expiration of such policies, furnish Lessor Landlord and any mortgagee of Landlord named as an insured with renewals or "binders" thereofrenewal certificates, or Lessor may Landlord may, in such event, or in any other event when Tenant has failed to provide insurance coverage as required hereunder, at its option, order such insurance and charge the cost thereof to LesseeTenant, which amount shall be payable by Lessee Tenant upon demand. Lessee Tenant shall not do or permit to be done anything which shall invalidate the insurance policies referred to in Paragraph 8.3this paragraph 10. If Lessee Tenant does or permits to be done anything which shall increase the cost costs of the insurance policies referred to in Paragraph 8.3paragraph 10.2, then Lessee Tenant shall forthwith upon LessorLandlord's demand reimburse Lessor Landlord for any additional premiums attributable to any act or omission or operation of Lessee Tenant causing such increase in the cost of insurance. If Lessor is the insuring party, Any insurance maintained by Tenant under this Lease shall be primary and if the non-contributory with any insurance policies coverage separately maintained hereunder cover other improvements in addition to the Premises, Lessor shall deliver to Lessee a written statement setting forth the amount of any such insurance cost increase and showing in reasonable detail the manner in which it has been computedby Landlord.

Appears in 1 contract

Samples: Lease (National Information Group)

Insurance Policies. Insurance required hereunder shall be with ------------------ companies (which may be part of an association of companies) admitted in companies the State in which the Premises are located and holding a "General Policyholders Rating" '' of at least B plusA and a financial rating of twelve (12) or better, or such other rating as may be required by a lender having a lien on the Premisespremises, as set forth in the most current issue of "Best's Insurance Guide". In lieu of separate policies, the Lessee may maintain blanket or umbrella policies if such policies provide the same coverage required herein with protection against each risk not reducible by claims for other risks to amounts less than that specified herein. The insuring party Lessee shall deliver to the other party copies of policies Lessor certificates of such insurance or required hereunder (evidencing that the insurance requirements hereof have been met) promptly upon Lessee's receipt of each renewal thereof. Promptly upon the execution of this Lease, Lessee shall deliver to Lessor certificates of insurance evidencing the existence and amounts of such insurance and the compliance of such insurance with loss payable clauses as required by this paragraph the requirements of Section 8. No such policy shall be cancellable or subject to reduction of coverage or other modification except after thirty (30) days' days prior written notice by the insurer to Lessor. If Lessee is the insuring party Lessee shall, at least thirty Thirty (30) days prior to the expiration of such policiespolicies and upon Lessor's request, Lessee shall furnish Lessor with renewals or "binders" thereof, or Lessor may order such insurance and charge the cost thereof to Lessee, which amount shall be payable by Lessee upon demand. Lessee shall not do or permit to be done anything which shall invalidate the insurance policies referred to in Paragraph 8.38. If Lessee does or permits to be done anything which shall increase the cost of the insurance policies referred to in Paragraph 8.3, then Lessee shall pay such additional premium or forthwith upon Lessor's demand reimburse Lessor for any additional premiums attributable to any act or omission or operation of Lessee causing such increase in the cost of insurance. If Lessor is the insuring party, and if the insurance policies maintained hereunder cover other improvements in addition to the Premises, Lessor shall deliver to Lessee a written statement setting forth the amount of any such insurance cost increase and showing in reasonable detail the manner in which it has been computed.

Appears in 1 contract

Samples: Sublease Agreement (Psinet Inc)

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