Insurance Waiver of Subrogation. Landlord agrees to maintain an "all risk" insurance policy covering the Building in an amount equal to the "replacement cost" thereof, insuring against the perils of fire, lightning, vandalism, malicious mischief and loss of rent and all other risks of direct physical loss. Subject to the provisions of this Lease, such insurance for the Building shall be for the sole benefit of Landlord and under its sole control. Tenant agrees to pay to Landlord, as Additional Rent, Tenant's Share of Landlord's cost of maintaining such insurance, together with such other insurance as Landlord deems reasonable and prudent Said payments shall be made to Landlord immediately upon presentation to Tenant of Landlord's statement setting forth the amount due, which statement shall be accompanied by a copy of the premium notice received by Landlord. In the event any such amount is not paid within twenty (20) days after the presentation to Tenant of the amount so due, the unpaid amount shall bear interest at the Maximum Rate from the date of such presentation until paid by Tenant Any payment to be made pursuant to this paragraph with respect to the year in which this Lease commences, expires or otherwise terminates shall bear the same ratio to the payment which would be required to be made for the full year as the part of such year covered by the term of this Lease bears to a full year. Tenant shall procure and maintain throughout the term of this Lease a policy or policies of general commercial liability insurance, at its sole cost and expense, naming as additional insureds Landlord, and Landlord's managing agent and Tenant against all claims, demands or actions arising out of or in connection with: (i) the Premises; (ii) the condition of the Premises; (iii) Tenant's operations in and maintenance and use of the Premises; and (iv) Tenant's liability assumed under this Lease, the limits of such policy or policies to be in the amount of not less than $2,000,000.00 combined single limited/aggregate coverage. All such policies shall be procured by Tenant from responsible insurance companies satisfactory to Landlord, and any such coverage shall be deemed primary and non-contributory to any liability coverage secured by Landlord. Certificates evidencing such coverage, together with receipts evidencing payment of premiums therefor, shall be delivered to Landlord prior to the Commencement Date of this Lease. Not less than fifteen (15) days prior to the expiration date of such coverage, ce...
Insurance Waiver of Subrogation. Tenant shall at all times during the Term (and prior to the Term with respect to any activity of Tenant at the Project) and at its own cost and expense procure and continue in force insurance as follows:
Insurance Waiver of Subrogation. 10.1 Liability Insurance. Tenant shall at all times during the Term require and cause Tenant’s subtenants (excluding tenants under Qualifying Subleases) to procure and continue in force Commercial General Liability insurance adequate to protect Tenant and Landlord against liability for injury to or death of any person or damage to property in connection with the use, operation or condition of the Premises. The Commercial General Liability insurance for injuries to persons and for damage to property at all times shall be in an amount of not less than [***] per occurrence and [***]- general aggregate, Combined Single Limit, or such other amount as may be approved by Landlord pursuant to Tenant’s particular insurance program, for injuries to non-employees and property damage. Not more frequently than once each two (2) years, if, in the opinion of Landlord’s lender or of the insurance broker retained by Landlord, the amount of Employer’s Liability or Commercial General Liability coverage at that time is not adequate, Tenant shall cause its subtenants to increase the insurance coverage as required by either Landlord’s lender or Landlord’s insurance broker. 8 ***Confidential material redacted and filed separately with the SEC.10.2 Property Insurance. Tenant shall at all times during the Term cause Tenant’s subtenants (excluding any tenants under Qualifying Subleases) to maintain in effect policies of insurance covering all leasehold improvements (including, but not limited to, all tenant improvements and Alterations) trade fixtures, merchandise and other personal property from time to time in, on or upon the Premises, in an amount not less than [***] of their full replacement cost from time to time during the Term, providing protection against any peril included within the classification “all risk coverage” or “causes of loss - special form” together with insurance against sprinkler water damage (including earthquake caused sprinkler damage), vandalism and malicious mischief. Such property insurance shall provide equivalent or greater coverage than that provided by ISO Form CP 10 30. The proceeds of such insurance, so long as this Lease remains in effect, shall be used for the repair or replacement of the property so insured. Upon termination of this Lease due to any casualty, the proceeds of insurance shall be paid to Landlord and Tenant and or its applicable subtenant, as their interests appear in the insured property. The full replacement value of the items t...
Insurance Waiver of Subrogation. Sublessee shall obtain and keep in full force and effect, at Sublessee’s sole cost and expense, during the Term, the insurance required under Section 10 of the Master Lease. Sublessee shall name Master Lessor and Sublessor as additional insureds under its liability insurance policy. The release and waiver of subrogation set forth in Section 10.5 of the Master Lease, as incorporated herein, shall be binding on the parties.
Insurance Waiver of Subrogation. Lessee shall provide and keep in force at its own cost and expense during the entire term hereof full comprehensive public liability and property damage insurance with respect to the Leased Premises and Lessee's use and occupancy thereof, including those portions of the Leased Premises used as driveways, walkways and parking areas. Such insurance shall contain limits of not less than $500,000.00 per person and $1,000,000.00 per accident for bodily injury or death, together with $500,000.00 for damage to property in any one occurrence. All such policies of insurance shall be issued by one or more solvent and financially sound insurance - 4 - 5 companies authorized to engage in business in the State of Louisiana, and at least twenty-five (25) days prior to the expiration of any such policy Lessee shall supply Lessor with a substitute therefor with evidence of payment of all premiums. Lessee shall at all times furnish Lessor with certificates attesting to the existence of the aforesaid insurance coverage and shall not commence occupancy of the Leased Premises without first providing same to Lessor. Lessee further agrees to cause all policies of insurance required hereunder, including all liability policies insuring Lessee against personal injury, death or physical damage or destruction of property on or about the Leased Premises, to contain a specific provision or endorsement by which the insurer renounces, disclaims, and waives all rights of recovery or subrogation against Lessor and its managers, members and employees. All policies required hereunder shall name Lessor as either a co-insured or an additional insured thereunder.
Insurance Waiver of Subrogation. Lessee shall maintain the insurance required to be maintained by Lessor as specified in Section 14 of the Prime Lease. With respect to such liability insurance coverage, Prime Lessor and Lessor shall be shown as additional insureds. Lessor and Lessee and all parties claiming by, through or under them, mutually release and discharge each other from all claims and liabilities arising from or caused by any damage covered or required hereunder or under the Prime Lease to be covered in whole or in part by insurance on the Subleased Equipment (including, without limitation, the other’s negligence) and waive any right of subrogation which might otherwise exist in or accrue to any person on account thereof and further agree to evidence such waiver endorsement to the required insurance policies.
Insurance Waiver of Subrogation. Throughout the term of the lease, Tenant at its sole cost and expense shall be responsible for maintaining renters' insurance coverage on the contents of the Premises. Tenant may maintain such renters' insurance in its discretion, but under no circumstances shall Landlord be liable for insuring any of Tenant' property.
Insurance Waiver of Subrogation. 11.1 LIABILITY INSURANCE. Tenant shall at all times during the Term and at its own cost and expense procure and continue workers’ compensation insurance and bodily injury liability and property damage liability insurance adequate to protect Landlord against liability for injury to or death of any person or damage to property in connection with the use, operation or condition of the Premises. The limits of liability under the workers’ compensation insurance policy shall be at least equal to the statutory requirements therefor and the limits of liability under the Employer’s Liability Insurance policy carried by Tenant shall be at least One Million Dollars ($1,000,000). The general liability insurance for non-employees and for damage to property at all times shall be in an amount of not less than Two Million Dollars ($2,000,000), Combined Single Limit, for injuries to persons and property damage. Not more frequently than once every year, if, in the opinion of Landlord’s lender or of the insurance broker retained by Landlord, the amount of public liability and property damage insurance coverage at that time is not adequate, Tenant shall increase the insurance coverage as required by either Landlord’s lender or Landlord’s insurance broker. 11.2 PROPERTY INSURANCE.
Insurance Waiver of Subrogation. 13.1 Upon execution of this Agreement, Lessee shall furnish evidence in a form satisfactory to Lessor of the following insurance coverage:
Insurance Waiver of Subrogation. Builder shall keep in force during progress of the Work, and shall furnish to Owner, upon Owner’s written request, copies the following insurance policies;