Common use of LANDLORD'S INSURANCE COVERAGES Clause in Contracts

LANDLORD'S INSURANCE COVERAGES. Landlord shall maintain Landlord's Insurance Coverages. Landlord's Insurance Coverages consist of any insurance coverage reasonably maintained by Landlord in connection with the operation of the Project, which coverages may include: a public liability insurance policy; an all-risk property insurance policy, including coverage for rental loss on account of property damage; and workers' compensation coverage for personnel carrying out activities chargeable to Project Operating Expenses. During the term, Landlord shall maintain a policy or policies of insurance covering loss or damage to the Leased Premises, the Building or the Common Areas, which policy or policies shall include protection from rental loss, coverage for operating expenses resulting from loss or damage to the Leased Premises and protection from other hazards as normally insured in the industry and as are consistent for a first class office building. Such insurance shall be in an amount at least equal to the full replacement value of the Property (without deducting depreciation) against loss and damage that is customarily included under standard "all risk policies" and equal to the full replacement cost of the Leased Premises. Landlord shall also maintain a policy under an occurrence basis of general liability insurance insuring Landlord (and such other entities as are designated by Landlord and/or Tenant) as additional insurance against liability for personal injury, bodily injury and other damage to property arising or resulting from occurrences on or about the Building and Common Areas. Landlord shall also cause such respective insurance carriers to waive any and all rights of recovery against Tenant or against any offices, employees, partners, agents or representatives of Tenant for loss of or damage to property of Landlord or the property of others under its control to the extent such loss or damage is insured against or under any insurance Policy guaranteed by Landlord.

LANDLORD'S INSURANCE COVERAGES. Landlord shall maintain Landlord's Insurance Coverages. Landlord's Insurance Coverages consist of any insurance coverage reasonably maintained by Landlord in connection with the operation of the Project, which coverages may include: a public liability insurance policy; an all-risk property insurance policy, including coverage for rental loss on account of property damage; and workers' compensation coverage for personnel carrying out activities chargeable to Project Operating Expenses. During the term, Landlord shall maintain a policy or policies of insurance covering loss or damage to the Leased Premises, the Building or the Common Areas, which policy or policies shall include protection from rental loss, coverage for operating expenses resulting from loss or damage to the Leased Premises and protection from other hazards as normally insured in the industry and as are arc consistent for a first class office building. Such insurance shall be in an amount at least equal to the full replacement value of the Property (without deducting depreciation) against loss and damage that is customarily included under standard "all risk policies" and equal to the full replacement cost of the Leased Premises. Landlord shall also maintain a policy under an occurrence basis of general liability insurance insuring Landlord (and such other entities as are designated by Landlord and/or Tenant) as additional insurance against liability for personal injury, bodily injury and other damage to property arising or resulting from occurrences on or about the Building and Common Areas. Landlord shall also cause such respective insurance carriers to waive any and all rights of recovery against Tenant or against any offices, employees, partners, agents or representatives of Tenant for loss of or damage to property of Landlord or the property of others under its control to the extent such loss or damage is insured against or under any insurance Policy guaranteed by Landlord.