Common use of Landlord’s Property Insurance Clause in Contracts

Landlord’s Property Insurance. Landlord shall carry commercial general liability insurance with respect to the Building during the Lease Term, and shall further insure the Buildings (including the Tenant Improvements) and the Project during the Lease Term (for the full replacement value to the extent consistent with the practices of landlords of comparable buildings) 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 such amounts, from such companies, and on such other terms and conditions, as Landlord may from time to time reasonably determine. Additionally, at the option of Landlord, such insurance coverage may include the risks of earthquakes and/or flood damage, terrorist acts 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. 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 any purpose other than the Permitted Use 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.

Landlord’s Property Insurance. Landlord shall carry commercial general liability insurance with respect to the Building during the Lease Term, and shall further insure the Buildings (including the Tenant Improvements) and the Project during the Lease Term (for the full replacement value to the extent consistent with the practices of landlords of comparable buildings) 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 such amounts, from such companies, and on such other terms and conditions, as Landlord may from time to time reasonably determine. Additionally, at the option of Landlord, such insurance coverage may include the risks of earthquakes and/or flood damage, terrorist acts 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. 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 any purpose other than the Permitted 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.

Landlord’s Property Insurance. Landlord shall carry commercial general liability insurance obtain and keep in force during the Term of this Lease a policy or policies of insurance, with respect deductibles at the sole discretion of Landlord, covering loss or damage to the Building during Premises and the Lease TermBuilding, and shall further insure the Buildings (including the Tenant ImprovementsImprovements and objects owned by Landlord and normally covered under a "Boiler and Machinery" policy (as such term is used in the insurance industry) and at least in the Project during the Lease Term (for amount of the full replacement value to cost thereof, and in no event less than the extent consistent with the practices of landlords of comparable buildings) total amount required by Mortgagees, against loss or damage due to fire and other casualties covered all perils included within the classification of fire and fire, extended coverage, vandalism coverage and vandalism, malicious mischief, sprinkler leakage, water damage and special extended coverageperils ("all risk" or "special causes of action," as such terms are used in the insurance industry, including, at Landlord's option, collapse, earthquake and flood) and other perils as required by the Mortgagees or deemed necessary by Landlord. A stipulated value or agreed amount endorsement deleting any co-insurance provision of said policy or policies shall be procured with said insurance. The cost of such insurance policies shall be included in the definition of Operating Expenses, and shall be paid by Tenant in the manner set forth in Section 7.1. Such coverage insurance policies shall be in such amounts, from such companies, and on such other terms and conditions, as provide for payment of loss thereunder to Landlord may from time to time reasonably determine. Additionallyor, at Landlord's election, to the option Mortgagees. If the Premises are part of Landlorda larger building, such or if the Premises are part of a group of buildings owned by Landlord which are adjacent to the Premises, then Tenant shall pay for any increase in the property insurance coverage may include the risks of earthquakes and/or flood damage, terrorist acts 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 such other building or buildings within the ground Project if such increase is caused by Tenant's acts, omissions, use or underlying lessors of the Building, or any portion thereof. Tenant shall, at Tenant’s expense, comply with all insurance company requirements pertaining to the use occupancy of the Premises. If Tenant’s conduct Tenant shall obtain and keep in force during the Term, at its sole cost and expense, (i) an "all risk" or use "special causes of action" property policy in the amount of the Premises for full replacement cost covering Tenant's Personal Property and any purpose other than Alterations made by or at the Permitted Use request of Tenant, with Landlord insured as its interest may appear, and (ii) an "all risk" or "special causes any increase of action" policy of business interruption and/or loss of income insurance covering a period of two (2) years, plus such additional period of time, if any, as will permit Tenant to be in a position to have the premium for same revenues as were in effect the day before a loss giving rise to a claim under such insurance policies then Tenant shall reimburse occurs, with loss payable to Landlord for any such increase. Tenant, at Tenant’s expense, shall comply with all rules, orders, regulations or requirements to the extent of the American Insurance Association (formerly the National Board of Fire Underwriters) Monthly Rent and with any similar bodyAdditional Rent only.

Landlord’s Property Insurance. Landlord shall carry commercial general liability insurance with respect to insure the Building during the Lease Term, and shall further insure the Buildings (including the Tenant Improvements) and the Project during the Lease Term (for the full replacement value to the extent consistent with the practices of landlords of comparable buildings) against loss or damage due to fire and other casualties covered within the classification of fire and extended coveragecoverage (and a rental loss endorsement), vandalism coverage and malicious mischief, sprinkler leakage, water damage and special extended coveragecoverage on the Building for its full replacement. Such coverage shall be in such amounts, from such companies, and on such other terms and conditions, as Landlord may from time to time is customarily carried by reasonably determineprudent landlords of First Class Buildings. Additionally, at the option of Landlord, but subject to the provisions of Section 7.1.4, above, such insurance coverage may include the risks of earthquakes and/or flood damage, terrorist acts damage and additional hazards, a related 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. Upon inquiry by Tenant, from time to time, Landlord shall inform Tenant shall, at Tenant’s expense, comply with all of such coverage carried by Landlord. Tenant shall neither knowingly use the Premises nor knowingly permit the Premises to be used or acts to be done therein in a manner which will (i) increase the premium of any insurance company requirements pertaining to described in this Section 13.5 unless Tenant pays for the use increase in such premium; or (ii) cause a cancellation of the Premisesany such insurance policies. If Tenant’s conduct or use of the Premises for any purpose other than the Permitted Use causes any increase in the premium for such insurance policies then Tenant shall reimburse Landlord for any such increase. Tenant, at Tenant’s expense, Tenant and Landlord 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.

Landlord’s Property Insurance. Landlord shall carry commercial general liability insurance with respect to insure the Building during the Lease Term, and shall further insure the Buildings (including the Tenant Improvements) and the Project ----------------------------- during the Lease Term (for the full replacement value to the extent consistent with the practices of landlords of comparable buildings) against loss or damage due to fire and other casualties covered within the classification of fire and extended coveragecoverage (and a rental loss endorsement), vandalism coverage and malicious mischief, sprinkler leakage, water damage and special extended coveragecoverage on the Building for its full replacement. Such coverage shall be in such amounts, from such companies, and on such other terms and conditions, as Landlord may from time to time is customarily carried by reasonably determineprudent landlords of First Class Buildings. Additionally, at the option of Landlord, but subject to the provisions of Section 7.1.4, above, such insurance coverage ------------- may include the risks of earthquakes and/or flood damage, terrorist acts damage and additional hazards, a related 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. Upon inquiry by Tenant, from time to time, Landlord shall inform Tenant shall, at Tenant’s expense, comply with all of such coverage carried by Landlord. Tenant shall neither knowingly use the Premises nor knowingly permit the Premises to be used or acts to be done therein in a manner which will (i) increase the premium of any insurance company requirements pertaining to described in this Section 13.5 unless ------------ Tenant pays for the use increase in such premium; or (ii) cause a cancellation of the Premisesany such insurance policies. If Tenant’s 's conduct or use of the Premises for any purpose other than the Permitted Use causes any increase in the premium for such insurance policies then Tenant shall reimburse Landlord for any such increase. Tenant, at Tenant’s expense, Tenant and Landlord 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.

Landlord’s Property Insurance. Landlord shall carry commercial general liability shall, throughout the Term of this Lease, at Tenant's sole cost and expense, provide and keep in force for the benefit of Landlord and Tenant, insurance with respect against loss or destruction of or damage or injury to any Improvements now or hereafter erected on the Premises resulting from fire or from any hazard included in the so-called extended coverage endorsement (including plate glass insurance, increased cost of construction endorsement, sprinkler leakage, collapse and vandalism and malicious mischief, also known as "All Risks of Physical Loss" coverage). In addition to the Building during the Lease Termforegoing, Landlord shall, at Tenant's sole cost and shall further insure the Buildings (including the Tenant Improvements) expense, provide and the Project during the Lease Term (keep in force for the full replacement value to benefit of Landlord and Tenant, throughout the extent consistent with Term of this Lease, flood insurance, provided the practices Premises are located within the "Federal Flood Plain Area" of landlords of comparable buildings) the United States, as well as insurance against loss or damage due or injury or destruction of any Improvements now or hereafter erected on the Premises resulting from water or earthquake damage. Landlord shall provide and keep in full force all such insurance in an amount sufficient to fire and other casualties covered within prevent Landlord or Tenant from becoming a co-insurer under the classification terms of fire and extended coveragethe applicable policy, vandalism coverage and malicious mischief, sprinkler leakage, water damage and special extended coveragebut in no event less than the full replacement cost of the Improvements. Such coverage replacement cost shall be determined annually by a method required by the insurer(s). The deductible under each of said policies shall be an amount not greater than Ten Thousand Dollars ($10,000.00). Such insurance policies to be provided for and kept in force by Landlord shall provide that the loss, if any, be payable to Landlord and Tenant, as their respective interests may appear, except as herein provided, and such insurance policies may exclude foundations, excavation and the usual items customarily excluded in such amounts, from such companiesinsurance policies, and on such other terms and conditions, as that the proceeds thereof shall be used to repair or replace the damage sustained by the casualty. Landlord may from time to time reasonably determine. Additionally, at the option of Landlord, such insurance coverage may include the risks of earthquakes and/or flood damage, terrorist acts 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 provide that the interest of Landlord in any mortgagee under a fee mortgage covering the Building or the ground or underlying lessors Premises, be protected by proper endorsements to any such policies of the Buildinginsurance, or any portion thereofand that duplicate originals of such policies of insurance be delivered to such mortgagee. Tenant shallshall pay to Landlord, at Tenant’s expenseupon invoice from Landlord, comply with all insurance company requirements pertaining to the use of the Premises. If Tenant’s conduct or use of the Premises for any purpose other than the Permitted Use causes any increase in the premium for such insurance policies then Tenant insurance, and shall reimburse pay to Landlord monthly, with Base Rent, one-twelfth of the premium for any such increaseinsurance, plus such additional sum as is necessary to assure sufficient escrow to pay the premiums thereon as they become due. Such funds may be commingled by Landlord, shall not bear interest, and shall be used by Landlord to timely pay such premiums. Landlord shall, upon written request of Tenant, at Tenant’s expense, shall comply provide Tenant with all rules, orders, regulations or requirements evidence of such insurance on the American Insurance Association (formerly the National Board of Fire Underwriters) and with any similar bodyPremises.