Common use of Lessee Property Clause in Contracts

Lessee Property. Lessee assumes the risk of loss for all Lessee owned, leased or used personal property, equipment, improvements, stock, inventory located on or at the Leased Premises. Lessee will maintain property insurance consistent with common, prudent industry practice, with coverage written in the manner in which Lessee customarily insures comparable property risks. Lessee, on behalf of itself and its respective insurers, hereby waives rights of subrogation against Lessor.

Appears in 6 contracts

Samples: Mining Lease (Armstrong Energy, Inc.), Mining Lease (Armstrong Coal Company, Inc.), Mining Lease (Armstrong Energy, Inc.)

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