Common use of Insurances required Clause in Contracts

Insurances required. The Lessee must at its cost effect and maintain with insurers approved by the Lessor (noting the Lessor’s and the Lessee’s respective rights and interest in the Premises) for the time being: (a) adequate public liability insurance covering the respective rights, interests, obligations and risks of the parties in terms of and subsequent to this Lease for a sum not less than the sum set out at Item 8 of Schedule 1 in respect of any one claim or such greater amount as the Lessor may from time to time reasonably require; (b) insurance to cover the Lessee’s equipment, moveable assets or other belongings against loss or damage by fire, fusion, smoke, lightning, flood, ▇▇▇▇▇, ▇▇▇▇▇▇▇, earthquake, sprinkler leakage, water damage, loss from theft or burglary and other usual risks against which a Sublessee can and does ordinarily insure in their full replacement value; and (c) insurance to the full insurable value on a replacement or reinstatement value basis of the Premises and the Improvements against damage arising from fire, tempest, storm, earthquake, explosion, aircraft, or other aerial device including items dropped from any device, riot, commotion, flood, lightning, act of God, fusion, smoke, rainwater, leakage, impact by vehicle, machinery breakdown and malicious acts or omissions and other standard insurable risks which an owner can and does ordinarily insure, including in respect of all insurances, architects and other consultants’ fees and the cost of demolition and removal of building waste or debris.

Insurances required. The Lessee must at its cost effect and maintain with insurers approved by the Lessor (noting the Lessor’s and the Lessee’s respective rights and interest in the Premises) for the time being: (a) adequate public liability insurance covering the respective rights, interests, obligations and risks of the parties in terms of and subsequent to this Lease for a sum not less than the sum set out at Item 8 of Schedule 1 in respect of any one claim or such greater amount as the Lessor may from time to time reasonably require; (b) insurance to cover the Lessee’s equipment, moveable assets or other belongings against loss or damage by fire, fusion, smoke, lightning, flood, ▇▇▇▇▇, ▇▇▇▇▇▇▇, earthquake, sprinkler leakage, water damage, loss from theft or burglary and other usual risks against which a Sublessee Lessee can and does ordinarily insure in their full replacement value; and (c) insurance to the full insurable value on a replacement or reinstatement value basis of the Premises and the Improvements against damage arising from fire, tempest, storm, earthquake, explosion, aircraft, or other aerial device including items dropped from any device, riot, commotion, flood, lightning, act of God, fusion, smoke, rainwater, leakage, impact by vehicle, machinery breakdown and malicious acts or omissions and other standard insurable risks which an owner can and does ordinarily insure, including in respect of all insurances, architects and other consultants’ fees and the cost of demolition and removal of building waste or debris.