Landlord’s Insurance Requirements. Policies
Landlord’s Insurance Requirements. Landlord shall carry and maintain property insurance insuring the Building against damage or destruction due to risks including fire, vandalism and malicious mischief in an amount not less than the replacement cost of the Buildings as the same may change from time to time (the "Property Insurance Coverage"). Such policies will insure against all risks of direct physical loss or damage subject to customary exclusions and any reasonable amounts of coverage. Landlord shall carry and maintain commercial general liability and excess umbrella liability insurance for bodily injury and property damage however occasioned in, on or about the Buildings and the Common Area, with limits $1,000,000 per occurrence and $2,000,000 aggregate, with excess umbrella liability limits of $3,000,000 and shall name the following as an additional insured thereunder: Tenant, its parent and its subsidiaries.
Landlord’s Insurance Requirements. During the Term, Landlord shall carry or cause to be carried with companies, on terms satisfactory to Landlord (i) liability insurance pertaining to the Office Area, but not less than $2,000,000 each occurrence and $2,000,000 general aggregate for injury or death to one or more persons, and for property damage for each occurrence (ii) insurance against loss or damage by fire and such other risks for 100% of the replacement cost, including a vandalism and miscellaneous mischief endorsement, and rent protection insurance, and (iii) such other insurance as Landlord may deem appropriate. In the event the liability insurance carried by Landlord contains a deductible or self-insurance retention program, the costs paid by the Landlord in connection with such deductible or self-insurance retention program, including reasonable reserves, shall be deemed a part of the cost of liability insurance. The cost of insurance procured by Landlord under this Section 15.02 shall be included in Expenses.
Landlord’s Insurance Requirements. Landlord shall obtain and keep in full force and effect insurance against loss or damage by fire and other casualty to the Building, excluding Tenant's Alterations, as may be insurable under then available standard forms of property insurance policies, in a commercially reasonable amount which shall include full replacement cost (as reasonably determined by Landlord) (including an "agreed amount" endorsement), sufficient to avoid co-insurance. In addition, Landlord shall maintain at all times during the Term commercial general liability insurance coverage in amounts not less than $3,000,000.00. Tenant shall reasonably cooperate with Landlord and Landlord's insurance companies in the adjustment of any claims for any damage to the Building.
Landlord’s Insurance Requirements. During the Initial Term and any Renewal Term of this Lease, Landlord shall maintain, at its sole cost and expense, personal property insurance for personal property belonging to Landlord on the Premises, and public liability, fire and casualty insurance for the Premises, all naming Tenant as a loss payee. Landlord shall provide to Tenant proof of insurance for the required coverage, upon request, and shall provide Tenant with at least thirty (30) days prior written notification in the event of cancellation, amendment or expiration of said insurance. If Landlord shall fail to obtain any of the required insurance, Tenant shall have the right (but not the obligation) without relieving Landlord of default, to obtain such insurance for the account of Landlord, the premium and any other costs thereof shall be immediately payable to Tenant by the Landlord and may be offset against future Rent to be paid to Landlord.
Landlord’s Insurance Requirements. Landlord shall be responsible for maintaining insurance coverage with respect to the building, including casualty, fire, wind and extended coverage in an amount equal to full replacement value of the building. The insurance company issuing said policy shall not have the right of subrogation against Tenant.
Landlord’s Insurance Requirements. Landlord shall keep (at Landlord's cost and expense) the Building insured against damage or destruction by fire and the perils commonly covered under an extended coverage endorsement in amounts customary for buildings of this type.
Landlord’s Insurance Requirements. Landlord shall, at its own expense, maintain a policy or policies of comprehensive general liability insurance with respect to the respective activities of each in the Premises with the premiums thereon fully paid on or before due date, issued by and binding upon some insurance company, and, such insurance shall afford minimum protection of not less than $1,000,000 combined single limit coverage of bodily injury, property damage or combination thereof. In addition, Landlord shall maintain fire and extended coverage insurance on the Premises in such amounts as Landlord shall deem appropriate. Landlord shall not be required to provide any coverage that would be duplicative of the coverages described at Section 10.1(a).
Landlord’s Insurance Requirements. During the Term, Landlord will provide and keep in force the following insurance: (i) commercial general liability insurance relating to Landlord's operation of the Building, for personal and bodily injury and death, and damage to others' property; (ii) all risk or fire insurance relating to the Building (but excluding Tenant's fixtures, furnishings, equipment, personal property, documents, files and work products); and (c) such other insurance as Landlord reasonably elects to obtain or its lender requires. Insurance procured by Landlord under this Section 14(b) will be in amounts which Landlord or its lender from time to time reasonably determines sufficient; will be subject to such deductibles and exclusions as Landlord reasonably determines; and will be on such terms and conditions as Landlord from time to time reasonably determines sufficient.
Landlord’s Insurance Requirements. Landlord shall maintain (i) insurance against loss or damage to the Building or the Property with coverage for perils as set forth under the “Causes of Loss-Special Form” or equivalent property insurance policy in an amount equal to the full insurable replacement cost of the Building (excluding coverage of Tenant’s personal property and any Tenant Changes), (ii) commercial general liability insurance, including premises liability and contractual liability insurance and (iii) rent loss coverage sufficient to cover one year of rent for the Building. The commercial general liability policy shall insure against claims for bodily injury, personal injury, death or property damage occurring on, in or about the Property with limits of not less than $1,000,000.00 per occurrence with umbrella policy coverage of $5,000,000.00. The deductible for any insurance policy required hereunder must not exceed $10,000.00.
