Common use of Landlord’s Fire and Casualty Insurance Clause in Contracts

Landlord’s Fire and Casualty Insurance. Landlord shall insure the Building during the Lease Term against loss or damage due to fire and other casualties covered within the classification of fire and extended coverage, vandalism coverage and malicious mischief, sprinkler leakage, water damage and special extended coverage. Such coverage shall be in an amount equal to at least the replacement value of the Building. Landlord shall also carry rent continuation insurance. Additionally, at the option of Landlord, such insurance coverage may include the risks of earthquakes and/or flood damage and additional hazards, a rental loss endorsement and one or more loss payee endorsements in favor of the holders of any mortgages or deeds of trust encumbering the interest of Landlord in the Building or the ground or underlying lessors of the Building, or any portion thereof. The foregoing coverages shall contain commercially reasonable deductible amounts from such companies, and on such other terms and conditions, as Landlord may from time to time reasonably determine, but shall, at a minimum, be comparable to the coverages which are carried by reasonably prudent landlords of buildings comparable to and in the vicinity of the Building (provided that in no event shall Landlord be required to carry earthquake insurance). Tenant shall, at Tenant's expense, comply with all insurance company requirements pertaining to the use of the Premises. If Tenant's conduct or use of the Premises causes any increase in the premium for such insurance policies then Tenant shall reimburse Landlord for any such increase. Tenant, at Tenant's expense, shall comply with all rules, orders, regulations or requirements of the American Insurance Association (formerly the National Board of Fire Underwriters) and with any similar body.

Appears in 2 contracts

Samples: Office Lease (Zeltiq Aesthetics Inc), Office Lease (Zeltiq Aesthetics Inc)

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Landlord’s Fire and Casualty Insurance. Landlord shall insure the Building Buildings during the period following the mutual execution of this Lease and thereafter during Lease Term against loss or damage due to fire and other casualties covered within the classification of fire and extended coverage, vandalism coverage and malicious mischief, sprinkler leakage, water damage and special extended coverage. Such coverage shall be in an amount equal such amounts, from such companies, and on such other terms and conditions, as Landlord may from time to at least the replacement value of the Buildingtime reasonably determine. Landlord shall also carry rent continuation rental loss insurance. Additionally, at the option of Landlord, such insurance coverage may include the risks of earthquakes and/or flood damage and additional hazards, a rental loss endorsement and one or more loss payee endorsements in favor of the holders of any mortgages or deeds of trust encumbering the interest of Landlord in the Building Project or the ground or underlying lessors of the BuildingProject, or any portion thereof. The Notwithstanding the foregoing coverages shall contain commercially reasonable deductible provisions of this Section 10.7, the coverage and amounts from such companies, and on such other terms and conditions, as of insurance carried by Landlord may from time to time reasonably determine, but in connection with the Buildings shall, at a minimum, be comparable to the coverages coverage and amounts of insurance which are carried by reasonably prudent landlords of buildings comparable to and in the vicinity of the Building Comparable Buildings (provided that in no event shall Landlord be required to carry earthquake insurance). Tenant shall, at Tenant's ’s expense, promptly following notice, comply with all insurance company requirements pertaining to the use of the Premises. If Tenant's ’s conduct or use of the Premises causes any increase in the premium for such insurance policies then Tenant shall reimburse Landlord for any such increase. Tenant, at Tenant's ’s expense, shall comply with all rules, orders, regulations or requirements of the American Insurance Association (formerly the National Board of Fire Underwriters) and with any similar body.

Appears in 2 contracts

Samples: Project Agreement (Dropbox, Inc.), Project Agreement (Dropbox, Inc.)

Landlord’s Fire and Casualty Insurance. Landlord shall insure the Building during the period following the mutual execution of this Lease and thereafter during Lease Term against loss or damage due to fire and other casualties covered within the classification of fire and extended coverage, vandalism coverage and malicious mischief, sprinkler leakage, water damage and special extended coverage. Such coverage shall be in an amount equal such amounts, from such companies, and on such other terms and conditions, as Landlord may from time to at least the replacement value of the Buildingtime reasonably determine. Landlord shall also carry rent continuation rental loss insurance. Additionally, at the option of Landlord, such insurance coverage may include the risks of earthquakes and/or flood damage and additional hazards, a rental loss endorsement and one or more loss payee endorsements in favor of the holders of any mortgages or deeds of trust encumbering the interest of Landlord in the Building or the ground or underlying lessors of the Building, or any portion thereof. The Notwithstanding the foregoing coverages shall contain commercially reasonable deductible provisions of this Section 10.7, the coverage and amounts from such companies, and on such other terms and conditions, as of insurance carried by Landlord may from time to time reasonably determine, but in connection with the Building shall, at a minimum, be comparable to the coverages coverage and amounts of insurance which are carried by reasonably prudent landlords of buildings comparable to and in the vicinity of the Building Comparable Buildings (provided that in no event shall Landlord be required to carry earthquake insurance). Tenant shall, at Tenant's ’s expense, promptly following notice, comply with all insurance company requirements pertaining to the use of the Premises. If Tenant's ’s conduct or use of the Premises causes any increase in the premium for such insurance policies then Tenant shall reimburse Landlord for any such increase. Tenant, at Tenant's ’s expense, shall comply with all rules, orders, regulations or requirements of the American Insurance Association (formerly the National Board of Fire Underwriters) and with any similar body.

Appears in 2 contracts

Samples: Office Lease (Dropbox, Inc.), Office Lease (Dropbox, Inc.)

Landlord’s Fire and Casualty Insurance. During the Lease Term, Landlord shall carry insurance coverage with respect to the Building written on an “all risks” of physical loss or damage basis and shall further insure the Building Project during the Lease Term against loss or damage due to fire and other casualties covered within the classification of fire and extended coverage, vandalism coverage and malicious mischief, sprinkler leakage, water damage and special extended coveragecoverage on the Project. Such coverage for the Building shall be for the full replacement cost of the Building, and from such companies, and on such terms and conditions, as Landlord may from time to time determine; provided, however that such coverage for all portions of the Project other than the Building shall be in an amount equal such amounts as Landlord may from time to at least the replacement value of the Building. Landlord shall also carry rent continuation insurancetime determine. Additionally, at the option of Landlord, such insurance coverage may include the risks of earthquakes and/or flood damage and additional hazards, a rental loss endorsement and one or more loss payee endorsements in favor of the holders of any mortgages or deeds of trust encumbering the interest of Landlord in the Building Project or the ground or underlying lessors of the BuildingProject, or any portion thereof. The foregoing coverages shall contain commercially reasonable deductible amounts from such companies, and on such other terms and conditions, as Landlord may from time to time reasonably determine, but shall, at a minimum, be comparable to the coverages which are carried by reasonably prudent landlords of buildings comparable to and in the vicinity of the Building (provided that in no event shall Landlord be required to carry earthquake insurance). Tenant shall, at Tenant's ’s expense, comply as to the Premises with all insurance company requirements pertaining to the use of the Premises. If Tenant's ’s conduct or use of the Premises causes any increase in the premium for such insurance policies policies, then Tenant shall reimburse Landlord for any such increase. Tenant, at Tenant's ’s expense, shall comply with all rules, orders, regulations or requirements of the American Insurance Association (formerly the National Board of Fire Underwriters) and with any similar body.

Appears in 1 contract

Samples: Celtron International Inc

Landlord’s Fire and Casualty Insurance. Landlord shall insure the Building Buildings during the Lease Term against loss or damage due to fire and other casualties covered within the classification of fire and extended coverage, vandalism coverage and malicious mischief, sprinkler leakage, water damage and special extended coverage. Such coverage shall be in an amount equal such amounts, from such companies, and on such other terms and conditions, as Landlord may from time to at least the replacement value of the Buildingtime reasonably determine. Landlord shall also carry rent continuation rental loss insurance. Additionally, at the option of Landlord, such insurance coverage may include the risks of earthquakes and/or flood damage and additional hazards, a rental loss endorsement and one or more loss payee endorsements in favor of the holders of any mortgages or deeds of trust encumbering the interest of Landlord in the Building Project or the ground or underlying lessors of the BuildingProject, or any portion thereof. The Notwithstanding the foregoing coverages shall contain commercially reasonable deductible provisions of this Section 10.7, the coverage and amounts from such companies, and on such other terms and conditions, as of insurance carried by Landlord may from time to time reasonably determine, but in connection with the Buildings shall, at a minimum, be comparable to the coverages coverage and amounts of insurance which are carried by reasonably prudent landlords of buildings comparable to and in the vicinity of the Building Comparable Buildings (provided that in no event shall Landlord be required to carry earthquake insurance). Tenant shall, at Tenant's ’s expense, promptly following notice, comply with all insurance company requirements pertaining to the use of the Premises. If Tenant's ’s conduct or use of the Premises causes any increase in the premium for such insurance policies then Tenant shall reimburse Landlord for any such increase. Tenant, at Tenant's ’s expense, shall comply with all rules, orders, regulations or requirements of the American Insurance Association (formerly the National Board of Fire Underwriters) and with any similar body.

Appears in 1 contract

Samples: Lease (Vir Biotechnology, Inc.)

Landlord’s Fire and Casualty Insurance. Landlord shall insure the Building (including the Building Structure and Building Systems) during the Lease Term against loss or damage due to fire and other casualties covered within the classification of fire and extended coverage, vandalism coverage and malicious mischief, sprinkler leakage, water damage and special extended coverage. Such coverage shall be in an amount equal to at least the replacement value for one hundred percent (100%) of the Building. Landlord shall also carry rent continuation insurancefull replacement cost of the Building in compliance with all applicable laws. Additionally, at the option of Landlord, such insurance coverage may include the risks of earthquakes and/or flood damage and additional hazards, a rental loss endorsement and one or more loss payee endorsements in favor of the holders of any mortgages or deeds of trust encumbering the interest of Landlord in the Building or the ground or underlying lessors of the Building, or any portion thereof. The Notwithstanding the foregoing coverages provisions of this Section 10.2, the coverage and amounts of insurance carried by Landlord in connection with the Building shall contain commercially reasonable deductible amounts from such companies, and on such other terms and conditions, as Landlord may from time to time reasonably determine, but shall, at a minimum, minimum be comparable to the coverages coverage and amounts of insurance which are carried by reasonably prudent landlords of buildings comparable Comparable Buildings, and Worker's Compensation and Employee's Liability Coverage as required by applicable law. Upon inquiry by Tenant, from time to and in the vicinity time, Landlord shall inform Tenant of the Building (provided that in no event shall Landlord be required to carry earthquake insurance)all such insurance carried by Landlord. Tenant shall, at Tenant's expense, comply with all customary insurance company requirements pertaining to the use of the Premises. If Tenant's conduct or use of the Premises other than for normal office purposes causes any increase in the premium for such any insurance policies carried by Landlord, then Tenant shall reimburse Landlord for any such increase. Tenant, at Tenant's expense, shall comply with all rules, orders, regulations or requirements of the American Insurance Association (formerly the National Board of Fire Underwriters) and with any similar body.

Appears in 1 contract

Samples: Lease Agreement (Arbinet Thexchange Inc)

Landlord’s Fire and Casualty Insurance. Landlord shall carry commercial general liability insurance with respect to the Building during the Lease Term, and shall further insure the Building during the Lease Term against loss or damage due to fire and other casualties covered within the classification of fire and extended coverage, vandalism coverage and malicious mischief, sprinkler leakage, water damage and special extended coverage. Such coverage shall be in an amount equal such amounts, from such companies, and on such other terms and conditions, as Landlord may from time to at least the replacement value of the Building. Landlord shall also carry rent continuation insurancetime reasonably determine. Additionally, at the option of Landlord, such insurance coverage may include the risks of earthquakes and/or flood damage and additional hazards, a rental loss endorsement and one or more loss payee endorsements in favor of the holders of any mortgages or deeds of trust encumbering the interest of Landlord in the Building or the ground or underlying lessors of the Building, or any portion thereof. The Notwithstanding the foregoing coverages shall contain commercially reasonable deductible provisions of this Section 10.2, the coverage and amounts from such companies, and on such other terms and conditions, as of insurance carried by Landlord may from time to time reasonably determine, but in connection with the Building shall, at a minimum, be comparable to the coverages coverage and amounts of insurance which are carried by reasonably prudent landlords of comparable buildings comparable to and in the vicinity of the Building (provided that in no event shall Landlord be required to carry earthquake insurance), and Worker’s Compensation and Employer’s Liability coverage as required by applicable law. Tenant shall, at Tenant's ’s expense, comply with all insurance company requirements pertaining to the use of the Premises. If Tenant's ’s conduct or use of the Premises causes any increase in the premium for such insurance policies then Tenant shall reimburse Landlord for any such increase. Tenant, at Tenant's ’s expense, shall comply with all rules, orders, regulations or requirements of the American Insurance Association (formerly the National Board of Fire Underwriters) and with any similar body.

Appears in 1 contract

Samples: Office Lease (Akamai Technologies Inc)

Landlord’s Fire and Casualty Insurance. Landlord shall insure the Building during the Lease Term against loss or damage due to fire and other casualties covered within the classification of fire and extended coverage, vandalism coverage and malicious mischief, sprinkler leakage, water damage and special extended coverage. Such coverage shall be in an amount equal such amounts, from such companies, and on such other terms and conditions, as Landlord may from time to at least the replacement value of the Buildingtime reasonably determine. Landlord shall also carry rent continuation insurance. Additionally, at the option of Landlord, such insurance coverage may include the risks of earthquakes and/or flood damage and additional hazards, a rental loss endorsement and one or more loss payee endorsements in favor of the holders of any mortgages or deeds of trust encumbering the interest of Landlord in the Building or the ground or underlying lessors of the Building, or any portion thereof. The Notwithstanding the foregoing coverages shall contain commercially reasonable deductible provisions of this Section 10.2, the coverage and amounts from such companies, and on such other terms and conditions, as of insurance carried by Landlord may from time to time reasonably determine, but in connection with the Building shall, at a minimum, be comparable to the coverages coverage and amounts of insurance which are carried by reasonably prudent landlords of buildings comparable to and in the vicinity of the Building (provided that in no event shall Landlord be required to carry earthquake insurance). Tenant shall, at Tenant's ’s expense, comply with all insurance company requirements pertaining to the use of the Premises. If Tenant shall not cause or permit anything to be done in, upon or about the Premises which would in any way increase the premium for, cause the cancellation of or otherwise affect any insurance carried by Landlord in connection with the Project or any part thereof, or cause a cancellation of any insurance policy covering the Building or any part thereof. Without limiting Landlord’s remedies for Tenant's ’s breach of the foregoing covenant, if Xxxxxx’s conduct or use of the Premises causes any increase in the premium for such insurance policies then Tenant shall reimburse Landlord for any such increaseincrease promptly upon being billed therefor. Tenant, at Tenant's ’s expense, shall comply with all rules, orders, regulations or requirements of the American Insurance Association (formerly the National Board of Fire Underwriters) and with any similar body.

Appears in 1 contract

Samples: Office Lease (NightHawk Radiology Holdings Inc)

Landlord’s Fire and Casualty Insurance. Landlord shall carry commercial general liability insurance with respect to the Building during the Lease Term, and shall further insure the Building during the Lease Term against loss or damage due to fire and other casualties covered within the classification of fire and extended coverage, vandalism coverage and malicious mischief, sprinkler leakage, water damage and special extended coverage. Such coverage shall be in an amount equal such amounts, from such companies, and on such other terms and conditions, as Landlord may from time to at least the time reasonably determine such coverage shall be for full replacement value of the Building. Landlord shall also carry rent continuation insuranceBuilding in compliance with all then-existing Applicable Laws. Additionally, at the option of Landlord, such insurance coverage may include the risks of earthquakes and/or flood damage and additional hazards, a rental loss endorsement and one or more loss payee endorsements in favor of the holders of any mortgages or deeds of trust encumbering the interest of Landlord in the Building or the ground or underlying lessors of the Building, or any portion thereof. The Notwithstanding the foregoing coverages shall contain commercially reasonable deductible provisions of this Section 10.2, the coverage and amounts from such companies, and on such other terms and conditions, as of insurance carried by Landlord may from time to time reasonably determine, but shall, at a minimum, during each and every Lease Year, be comparable to the coverages coverage and amounts of insurance which are carried by reasonably prudent landlords of buildings comparable to and in the vicinity of the Building Comparable Buildings (provided that in no event shall Landlord be required to carry earthquake insurance). Tenant shall, at Tenant's expense, comply with all insurance company requirements pertaining to the use of the Premises. If Tenant's conduct or use of the Premises causes any increase in the premium for such insurance policies then Tenant shall reimburse Landlord for any such increase. Tenant, at Tenant's expense, shall comply with all rules, orders, regulations or requirements of the American Insurance Association (formerly the National Board of Fire Underwriters) and with any similar body.

Appears in 1 contract

Samples: Office Lease (Schuler Homes Inc)

Landlord’s Fire and Casualty Insurance. Landlord shall carry -------------------------------------- commercial general liability insurance with respect to the Building during the Lease Term, and shall further insure the Building during the Lease Term against loss or damage due to fire and other casualties covered within the classification of fire and extended coverage, vandalism coverage and malicious mischief, sprinkler leakage, water damage and special extended coverage. Such coverage shall be in an amount equal such amounts, from such companies, and on such other terms and conditions, as Landlord may from time to at least the replacement value of the Building. Landlord shall also carry rent continuation insurancetime reasonably determine. Additionally, at the option of Landlord, such insurance coverage may include the risks of earthquakes and/or flood damage and additional hazards, a rental loss endorsement and one or more loss payee endorsements in favor of the holders of any mortgages or deeds of trust encumbering the interest of Landlord in the Building or the ground or underlying lessors of the Building, or any portion thereof. The Notwithstanding the foregoing coverages shall contain commercially reasonable deductible provisions of this Section 10.2, the coverage and amounts from such companies, and on such other terms and conditions, as of insurance carried by Landlord may from time to time reasonably determine, but in connection with the Building shall, at a minimum, be comparable to the coverages coverage and amounts of insurance which are carried by reasonably prudent landlords of comparable buildings comparable to and in the vicinity of the Building (provided that in no event shall Landlord be vicinity, and Worker's Compensation and Employer's Liability coverage as required to carry earthquake insurance)by applicable law. Tenant shall, at Tenant's expense, comply with all customary insurance company requirements pertaining to the use of the Premises. If Tenant's conduct or use of the Premises other than for normal office purposes causes any increase in the premium for such insurance policies then Tenant shall reimburse Landlord for any such increase. Tenant, at Tenant's expense, shall comply with all rules, orders, regulations or requirements of the American Insurance Association (formerly the National Board of Fire Underwriters) and with any similar body.

Appears in 1 contract

Samples: Office Lease (Extreme Networks Inc)

Landlord’s Fire and Casualty Insurance. Landlord shall carry commercial general liability insurance with respect to the Buildings during the Lease Term, and shall further insure the Building Buildings during the Lease Term against loss or damage due to fire and other casualties covered within the classification of fire and extended coverage, vandalism coverage and malicious mischief, sprinkler leakage, water damage and special extended coverage. Such insurance shall be written on an "all risks" of physical loss or damage basis for full replacement value of the Buildings, and shall be issued by an insurance company having a rating of not less than A-X in Best's Insurance Guide or which is otherwise reasonably acceptable to Tenant and licensed to do business in the State of California. Such coverage shall be in an amount equal such amounts, from such companies, and on such other terms and conditions, as Landlord may from time to at least the replacement value of the Building. Landlord shall also carry rent continuation insurancetime reasonably determine. Additionally, at the option of Landlord, such insurance coverage may include the risks of earthquakes and/or flood damage and additional hazards, a rental loss endorsement and one or more loss payee endorsements in favor of the holders of any mortgages or deeds of trust encumbering the interest of Landlord in the Building Buildings or the ground or underlying lessors of the BuildingBuildings, or any portion thereof. The Notwithstanding the foregoing coverages shall contain commercially reasonable deductible provisions of this Section 10.2, the coverage and amounts from such companies, and on such other terms and conditions, as of insurance carried by Landlord may from time to time reasonably determine, but in connection with the Buildings shall, at a minimum, be comparable to the coverages coverage and amounts of insurance which are carried by reasonably prudent landlords of buildings comparable to Comparable Buildings, and in the vicinity of the Building (provided that in no event shall Landlord be Worker's Compensation and Employer's Liability coverage as required to carry earthquake insurance)by applicable law. Tenant shall, at Tenant's expense, comply with all insurance company requirements pertaining to the use of the Premises. If Tenant's conduct or use of the Premises for other than typical office purposes causes any material increase in the premium for such insurance policies then Tenant shall reimburse Landlord for any such increase. Tenant, at Tenant's expense, shall comply with all rules, orders, regulations or requirements of the American Insurance Association (formerly the National Board of Fire Underwriters) and with any similar body.

Appears in 1 contract

Samples: Office Lease (Acadia Pharmaceuticals Inc)

Landlord’s Fire and Casualty Insurance. Landlord shall insure the Building during the Lease Term against loss or damage due to fire and other casualties covered within the classification of fire and extended coverage, vandalism coverage and malicious mischief, sprinkler leakage, water damage and special extended coverage. Such coverage shall be in an amount equal such amounts, from such companies, and on such other terms and conditions, as Landlord may from time to at least time reasonably determine, commensurate with the replacement value levels and types of the Building. Landlord shall also carry rent continuation insuranceinsurance maintained by owners of Comparable Buildings. Additionally, at the option of Landlord, such insurance coverage may include the risks of earthquakes and/or flood damage and additional hazards, a rental loss endorsement and one or more loss payee endorsements in favor of the holders of any mortgages or deeds of trust encumbering the interest of Landlord in the Building or the ground or underlying lessors of the Building, or any portion thereof. The Notwithstanding the foregoing coverages shall contain commercially reasonable deductible provisions of this Section 10.2, the coverage and amounts from such companies, and on such other terms and conditions, as of insurance carried by Landlord may from time to time reasonably determine, but in connection with the Building shall, at a minimum, be comparable to the coverages coverage and amounts of insurance which are carried by reasonably prudent landlords of buildings comparable to and in the vicinity of the Building Comparable Buildings (provided that in no event shall Landlord be required to carry earthquake insurance). Tenant shall, at Tenant's ’s expense, comply with all insurance company requirements pertaining to the use of the Premises. If Tenant's ’s conduct or use of the Premises causes any increase in the premium for such insurance policies then Tenant shall reimburse Landlord for any such increase. Tenant, at Tenant's ’s expense, shall comply with all rules, orders, regulations or requirements of the American Insurance Association (formerly the National Board of Fire Underwriters) and with any similar body.

Appears in 1 contract

Samples: Office Lease (Airbnb, Inc.)

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Landlord’s Fire and Casualty Insurance. Landlord shall carry commercial general liability insurance with respect to the Building during the Lease Term, and shall further insure the Building during the Lease Term against loss or damage due to fire and other casualties covered within the classification of fire and extended coverage, vandalism coverage and malicious mischief, sprinkler leakage, water damage and special extended coverage. Such coverage shall be in an amount equal such amounts, from such companies, and on such other terms and conditions, as Landlord may from time to at least the replacement value of the Building. Landlord shall also carry rent continuation insurancetime reasonably determine. Additionally, at the option of Landlord, such insurance coverage may include the risks of earthquakes and/or flood damage and additional hazards, a rental loss endorsement and one or more loss payee endorsements in favor of the holders of any mortgages or deeds of trust encumbering the interest of Landlord in the Building or the ground or underlying lessors of the Building, or any portion thereof. The Notwithstanding the foregoing coverages shall contain commercially reasonable deductible provisions of this Section 10.2, the coverage and amounts from such companies, and on such other terms and conditions, as of insurance carried by Landlord may from time to time reasonably determine, but in connection with the Building shall, at a minimum, be comparable to the coverages coverage and amounts of insurance which are carried by reasonably prudent landlords of buildings comparable to and in the vicinity of the Building Comparable Buildings (provided that in no event shall Landlord be required to carry earthquake insurance). Tenant shall, at Tenant's ’s expense, comply with all insurance company requirements pertaining to the use of the Premises. If Tenant's ’s conduct or use of the Premises causes any increase in the premium for such insurance policies then Tenant shall reimburse Landlord within thirty (30) days following Landlord’s request therefor (which request shall include reasonable back-up documentation) for any such increase. Tenant, at Tenant's ’s expense, shall comply with all rules, orders, regulations or requirements of the American Insurance Association (formerly the National Board of Fire Underwriters) and with any similar body.

Appears in 1 contract

Samples: Office Lease (LoopNet, Inc.)

Landlord’s Fire and Casualty Insurance. Landlord shall insure the Building (including the Building Structure and Building Systems) and the Project during the Lease Term against loss or damage due to fire under (a) Special Form coverage (“all risks” form), and other casualties covered within the classification of fire (b) a Commercial General Liability and extended coverage, vandalism coverage and malicious mischief, sprinkler leakage, water damage and special extended coverageUmbrella Liability. Such coverage shall be in an amount equal to at least the replacement value of the Building. Landlord shall also carry rent continuation insurance. Additionallysuch amounts, at the option of Landlord, such insurance coverage may include the risks of earthquakes and/or flood damage and additional hazards, a rental loss endorsement and one or more loss payee endorsements in favor of the holders of any mortgages or deeds of trust encumbering the interest of Landlord in the Building or the ground or underlying lessors of the Building, or any portion thereof. The foregoing coverages shall contain commercially reasonable deductible amounts from such companies, and on such other terms and conditions, as Landlord may from time to time reasonably determine, but shall, provided the coverage and amounts of insurance carried by Landlord in connection with the Building shall at a minimum, minimum be comparable to the coverages coverage and amounts of insurance which are carried by reasonably prudent landlords of buildings comparable to and in Comparable Buildings. Notwithstanding the vicinity of the Building (provided that in no event foregoing, Landlord shall Landlord not be required to carry earthquake insuranceearthquake, flood or terrorism insurance (although Landlord may do so at Landlord’s sole option). Upon inquiry by Tenant, from time to time, Landlord shall inform Tenant of all such insurance carried by Landlord. Tenant shall, at Tenant's ’s expense, comply with all insurance company requirements of Landlord’s insurance company pertaining to the use of the Premises, provided and on the condition, that any such requirements are reasonable and customary for Comparable Buildings and Tenant is provided with notice of any such requirements and any changes thereto. If Tenant's ’s nongeneral office conduct or use of the Premises causes any increase in the premium for such insurance policies then Tenant shall reimburse Landlord for any such increaseincrease or discontinue such conduct, except when such conduct or use is reasonably consistent with the typical use of other office tenants in Comparable Buildings. Tenant, at Tenant's ’s expense, shall comply with all rules, orders, regulations or requirements of the American Insurance Association (formerly the National Board of Fire Underwriters) and with any similar body.

Appears in 1 contract

Samples: Office Lease (Imperial Capital Group, Inc.)

Landlord’s Fire and Casualty Insurance. Landlord shall insure the Building during the period following the mutual execution of this Lease and thereafter during Lease Term against loss or damage due to fire and other casualties covered within the classification of fire and extended coverage, vandalism coverage and malicious mischief, sprinkler leakage, water damage and special extended coverage. Such coverage shall be in an amount equal such amounts, from such companies, and on such other terms and conditions, as Landlord may from time to at least the replacement value of the Buildingtime reasonably determine. Landlord shall also carry rent continuation rental loss insurance. Additionally, at the option of Landlord, such insurance coverage may include the risks of earthquakes and/or flood damage and additional hazards, a rental loss endorsement and one or more loss payee endorsements in favor of the holders of any mortgages or deeds of trust encumbering the interest of Landlord in the Building or the ground or underlying lessors of the Building, or any portion thereof. The Notwithstanding the foregoing coverages shall contain commercially reasonable deductible provisions of this Section 10.7, the coverage and amounts from such companies, and on such other terms and conditions, as of insurance carried by Landlord may from time to time reasonably determine, but in connection with the Building shall, at a minimum, be comparable to the coverages coverage and amounts of insurance which are carried by reasonably prudent landlords of buildings comparable to and in the vicinity of the Building Comparable Buildings (provided that in no event shall Landlord be required to carry earthquake insurance). Tenant shall, at Tenant's expense, promptly following notice, comply with all insurance company requirements pertaining to the use of the Premises. If Tenant's conduct or use of the Premises causes any increase in the premium for such insurance policies then Tenant shall reimburse Landlord for any such increase. Tenant, at Tenant's expense, shall comply with all rules, orders, regulations or requirements of the American Insurance Association (formerly the National Board of Fire Underwriters) and with any similar body.

Appears in 1 contract

Samples: Office Lease (Okta, Inc.)

Landlord’s Fire and Casualty Insurance. Landlord shall insure the Building (including the Building Structure and Building Systems) and the Project during the Lease Term against loss or damage due to fire and other casualties covered within the classification of fire and extended coverage, vandalism coverage and malicious mischief, sprinkler leakage, water damage and special extended coverage. Such coverage shall be in an amount such amounts, from such companies, and on such other terms and conditions, as Landlord may from time to time reasonably determine, provided that to the extent consistent with the practices of landlords of the Comparable Buildings, such coverage shall (i) be for full replacement of the Building and the Project in compliance with all then existing Applicable Laws; (ii) provide for rent continuation insurance equal to at least eighteen (18) months' rent; and (iii) be with companies and have policies meeting the replacement value of the Building. Landlord shall also carry rent continuation insurancecriteria set forth in Section 10.3.4 (iii) in this Lease. Additionally, at the sole option of Landlord, such insurance coverage may include the risks of earthquakes and/or flood damage and additional hazards, a rental loss endorsement and one or more loss payee endorsements in favor of the holders of any mortgages or deeds of trust encumbering the interest of Landlord in the Building or the ground or underlying lessors of the Building, or any portion thereof. The Notwithstanding the foregoing coverages provisions of this Section 10.2, the coverage and amounts of insurance required to be carried by Landlord in connection with the Building shall contain commercially reasonable deductible amounts from such companies, and on such other terms and conditions, as Landlord may from time only be required to time reasonably determine, but shall, at a minimum, be comparable to the coverages coverage and amounts of insurance which are carried by reasonably prudent landlords of buildings comparable Comparable Buildings. Upon inquiry by Tenant, from time to and in the vicinity time, Landlord shall inform Tenant of the Building (provided that in no event shall Landlord be required to carry earthquake insurance)all such insurance carried by Landlord. Tenant shall, at Tenant's expense, except with respect to the Building Structure and Building Systems, which is governed by Section 7.1, above, comply with all customary insurance company requirements pertaining to the use of the Premises. If Tenant's conduct or use of the Premises other than for the Permitted Use causes any increase in the premium for such any insurance policies carried by Landlord, then Tenant shall reimburse Landlord for any such increase. Tenant, at Tenant's expense, shall comply with all rules, orders, regulations or requirements of the American Insurance Association (formerly the National Board of Fire Underwriters) and with any similar body.

Appears in 1 contract

Samples: Office Lease (Etoys Inc)

Landlord’s Fire and Casualty Insurance. Landlord shall carry commercial general liability insurance with respect to the Buildings during the Lease Term, and shall further insure the Building Buildings during the Lease Term against loss or damage due to fire and other casualties covered within the classification of fire and extended coverage, vandalism coverage and malicious mischief, sprinkler leakage, water damage and special extended coverage. Such insurance shall be written on an "all risks" of physical loss or damage basis for full replacement value of the Buildings, and shall be issued by an insurance company having a rating of not less than A-X in Best's Insurance Guide or which is otherwise reasonably acceptable to Tenant and licensed to do business in the State of California. Such coverage shall be in an amount equal such amounts, from such companies, and on such other terms and conditions, as Landlord may from time to at least the replacement value of the Building. Landlord shall also carry rent continuation insurancetime reasonably determine. Additionally, at the option of Landlord, such insurance coverage may include the risks of earthquakes and/or flood damage and additional hazards, a rental loss endorsement and one or more loss payee endorsements in favor of the holders of any mortgages or deeds of trust encumbering the interest of Landlord in the Building Buildings or the ground or underlying lessors of the BuildingBuildings, or any portion thereof. The Notwithstanding the foregoing coverages shall contain commercially reasonable deductible provisions of this Section 10.2, the coverage and amounts from such companies, and on such other terms and conditions, as of insurance carried by Landlord may from time to time reasonably determine, but in connection with the Buildings shall, at a minimum, be comparable to the coverages coverage and amounts of insurance which are carried by reasonably prudent landlords of buildings comparable to Comparable Buildings, and in the vicinity of the Building (provided that in no event shall Landlord be Worker's Compensation and Employer's Liability coverage as required to carry earthquake insurance)by Applicable Law. Tenant shall, at Tenant's expense, comply with all Landlord's insurance company requirements pertaining to the use of the Premises. If Tenant's conduct or use of the Premises causes any increase in the premium for such insurance policies then Tenant shall reimburse Landlord for any such increase. Tenant, at Tenant's expense, shall comply with all rules, orders, regulations or requirements of the American Insurance Association (formerly the National Board of Fire Underwriters) and with any similar body.

Appears in 1 contract

Samples: Office Lease (DermTech, Inc.)

Landlord’s Fire and Casualty Insurance. Landlord shall insure the Building during the Lease Term against loss or damage due to fire and other casualties covered within the classification of fire and extended coverage, vandalism coverage and malicious mischief, sprinkler leakage, water damage and special extended coverage. Such coverage shall be in an amount equal such amounts, from such companies, and on such other terms and conditions, as Landlord may from time to at least the replacement value of the Buildingtime reasonably determine. Landlord shall also carry rent continuation insurance. Additionally, at the option of Landlord, such insurance coverage may include the risks of earthquakes and/or flood damage and additional hazards, a rental loss endorsement and one or more loss payee endorsements in favor of the holders of any mortgages or deeds of trust encumbering the interest of Landlord in the Building or the ground or underlying lessors of the Building, or any portion thereof. The Notwithstanding the foregoing coverages shall contain commercially reasonable deductible provisions of this Section 10.2, the coverage and amounts from such companies, and on such other terms and conditions, as of insurance carried by Landlord may from time to time reasonably determine, but in connection with the Building shall, at a minimum, be comparable to the coverages coverage and amounts of insurance which are carried by reasonably prudent landlords of buildings comparable to and in the vicinity of the Building (provided that in no event shall Landlord be required to carry earthquake insurance). Tenant shall, at Tenant's ’s expense, comply with all insurance company requirements pertaining to the use of the Premises. If Tenant's ’s conduct or use of the Premises for other than normal and customary general office use causes any increase in the premium for such insurance policies then Tenant shall reimburse Landlord for any such increase. Tenant, at Tenant's ’s expense, shall comply with all rules, orders, regulations or requirements of the American Insurance Association (formerly the National Board of Fire Underwriters) and with any similar body.

Appears in 1 contract

Samples: Office Lease (Opentv Corp)

Landlord’s Fire and Casualty Insurance. Landlord shall insure Property damage insurance covering the Building, the On-Site Parking Area, and the Tenant Improvements and the Alterations (but excluding the value of the Tenant Improvements to the extent such value exceeds the value of the Building during standard improvements and excluding Tenant’s “Personal Property,” as that term is defined in Section 15.1, below), and all other improvements in and about the Lease Term Common Areas in which Landlord may have an insurable interest, providing protection against loss or damage due to fire and other casualties covered any peril included within the classification “All Risk” inclusive of standard fire and extended coveragecoverage insurance, vandalism including endorsements against vandalism, malicious mischief and’ other perils, but excluding, except as set forth below in Section 10.2.3, all in amounts not less than one hundred percent (100%) of their fun replacement cost. Landlord’s policy shall contain at least twelve (12) months of “rental income loss” coverage payable in instances in which Tenant is entitled to Rent abatement hereunder, and malicious mischief, sprinkler leakage, water damage and special shall include (i) an “extended coverage. Such ” endorsement, (ii) a “building laws” and/or “law and ordinance” coverage shall be endorsement (which endorsement may, notwithstanding the foregoing provisions of this Section 10.2.1, contain a commercially reasonable sublimit) that covers “costs of demolition,” “increased costs of construction” due to changes in an amount equal building codes and “contingent liability” with respect to at least the replacement value of the Building. Landlord shall also carry rent continuation insurance. Additionally, at the option of Landlord, such insurance coverage may include the risks of earthquakes and/or flood damage and additional hazards, a rental loss endorsement and one or more loss payee endorsements in favor of the holders of any mortgages or deeds of trust encumbering the interest of Landlord in the Building or the ground or underlying lessors undamaged portions of the Building, or and (iii) an “earthquake sprinkler leakage” endorsement, with each such endorsement to be of a kind required by Landlord to assist Landlord in funding its obligations under this Lease to repair and restore the Building, the On-Site Parking Area, the Tenant Improvements, the Alterations and the Common Areas. Such policy shall also contain a “stipulated value” endorsement deleting any portion thereofco-insurance provisions. The foregoing coverages In addition, Landlord shall contain commercially reasonable deductible amounts from such companies, maintain “boiler machinery” coverage (and on such other terms and conditions, as Landlord may from time to time reasonably determine, but shall, at a minimum, be comparable to joint loss agreement if the coverages which are carried boiler machinery coverage is issued by reasonably prudent landlords of buildings comparable to and in a different insurance company than the vicinity of the Building (provided that in no event shall Landlord be required to carry earthquake basic property insurance). Tenant shall, at Tenant's expense, comply with all insurance company requirements pertaining to the use of the Premises. If Tenant's conduct or use of the Premises causes any increase in the premium for such insurance policies then Tenant shall reimburse Landlord for any such increase. Tenant, at Tenant's expense, shall comply with all rules, orders, regulations or requirements of the American Insurance Association (formerly the National Board of Fire Underwriters) and with any similar body.

Appears in 1 contract

Samples: Office Lease (Castlight Health, Inc.)

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