Common use of Lessee’s Insurance Clause in Contracts

Lessee’s Insurance. Lessee shall, at its sole cost and expense, obtain and maintain throughout the Term of this Lease, on a full replacement cost basis, “special form” insurance covering all of Lessee’s Property located on or within the Premises, and Lessor shall have no interest in any proceeds of such policy. In addition, Lessee shall obtain and maintain, at its sole cost and expense, commercial general public liability insurance providing coverage from and against any loss or damage occasioned by an accident or casualty on, about or adjacent to the Premises, including protection against death, personal injury and property damage. Such liability coverage shall be written on an “occurrence” basis, with limits of not less than $2,000,000.00 combined single limit coverage. All policies of liability insurance required to be carried by Lessee hereunder shall name Lessor and its property manager, if any, as additional insureds. To the extent such coverage is available, each such policy shall provide that same shall not be cancelled or materially modified without at least thirty (30) days’ prior written notice to Lessor and any mortgagee of Lessor. The limits of such insurance shall not, under any circumstances, limit the liability of Lessee under this Lease. In the event that Lessee fails to maintain any of the insurance required of it pursuant to this provision, Lessor shall have the right (but not the obligation) at Lessor’s election, after five (5) business days written notice to Lessee, to pay Lessee’s premiums or to arrange substitute insurance with an insurance company of Lessor’s choosing, in which event any premiums advanced by Lessor shall constitute Additional Rent payable under this Lease and shall be payable by Lessee to Lessor immediately upon demand for same.

Lessee’s Insurance. Lessee shall, at its sole cost and expense, obtain and maintain throughout the Term of this Lease, on a full replacement cost basis, “special form” insurance covering all of Lessee’s Property located on or within the Premises, and Lessor shall have no interest in any proceeds of such policy. In addition, Lessee shall obtain and maintain, at its sole cost and expense, commercial general public liability insurance providing coverage from against claims for personal injury, bodily injury, wrongful death and against any loss or property damage occasioned by an accident or casualty occurring on, in or about or adjacent Lessor's Property under policies and with companies reasonably acceptable to the PremisesLessor, including affording insurance protection against death, personal injury and property damage. Such liability coverage shall be written on an “occurrence” basis, with to limits of not less than Three Million Dollars ($2,000,000.00 3,000,000.00) for combined single limit coveragewith respect to any one occurrence and Five Million Dollars ($5,000,000.00) in the aggregate for all occurrences within each policy year. All Lessee shall also maintain "all risk" or special form policies of liability property insurance required to covering the Facilities and any improvements of Lessee located on the Lessor's Property for the full replacement cost. Lessor, its managing agent, all mortgagees, and such other parties as Lessor may reasonably designate shall be carried by Lessee hereunder shall name Lessor and its property manager, if any, named as additional insuredsinsureds on each such policy pertaining to Lessor's Property and shall be furnished with a certificate thereof. To Each such policy of insurance shall, to the extent obtainable at no extra premium, provide: (a) that any claim shall be payable notwithstanding any act, whether of commission or omission, negligent or otherwise, of Lessor, of Lessee, of any other tenant or of any agent, employee, representative, visitor or guest of any of them, which act might otherwise result in the forfeiture of the insurance afforded by such coverage is availablepolicy, and (b) that Lessor shall not be liable to the insurer by reason of any payment by the insurer to Lessor, or any such other tenant. In addition, each such policy shall provide an agreement by the insurer that same shall the policy will not be cancelled canceled or materially modified to reduce coverage as to risk, amount or named insured without at least thirty fifteen (3015) days’ ' prior written notice to Lessor and any mortgagee of Lessor. The limits of such insurance shall not, under any circumstances, limit the liability of Lessee under this Lease. In the event that Lessee fails to maintain any of the insurance required of it pursuant to this provision, Lessor shall have the right (but not the obligation) at Lessor’s election, after five (5) business days written notice to Lessee, to pay Lessee’s premiums or to arrange substitute insurance with an insurance company of Lessor’s choosing, in which event any premiums advanced by Lessor shall constitute Additional Rent payable under this Lease mortgagees, and shall be payable by Lessee to Lessor immediately upon demand for sameall other named insureds.

Lessee’s Insurance. Lessee shall, at its sole cost and expense, obtain and maintain throughout the Term of this Lease, on a full replacement cost basis, “special form” insurance covering all of Lessee’s Property located on or within the Premises, and Lessor shall have no interest in any proceeds of such policy. In addition, Lessee shall obtain and maintain, at its sole cost and expense, commercial general public liability insurance providing coverage from against claims for personal injury, bodily injury, wrongful death and against any loss or property damage occasioned by an accident or casualty occurring on, in or about or adjacent Lessor's Property under policies and with companies reasonably acceptable to the PremisesLessor, including affording insurance protection against death, personal injury and property damage. Such liability coverage shall be written on an “occurrence” basis, with to limits of not less than One Million Dollars ($2,000,000.00 1,000,000.00) for combined single limit coveragewith respect to any one occurrence and Three Million Dollars ($3,000,000.00) in the aggregate for all occurrences within each policy year. All Lessee shall also maintain "all risk" or special form policies of liability property insurance required to covering the Facilities and any improvements of Lessee located on the Lessor's Property for the full replacement cost. Lessor, its managing agent, all mortgagees, and such other parties as Lessor may reasonably designate shall be carried by Lessee hereunder shall name Lessor and its property manager, if any, named as additional insuredsinsureds on each such policy pertaining to Lessor's Property and shall be furnished with a certificate thereof. To Each such policy of insurance shall, to the extent obtainable at no extra premium, provide: (a) that any claim shall be payable notwithstanding any act, whether of commission or omission, negligent or otherwise, of Lessor, of Lessee, of any other tenant or of any agent, employee, representative, visitor or guest of any of them, which act might otherwise result in the forfeiture of the insurance afforded by such coverage is availablepolicy, and (b) that Lessor shall not be liable to the insurer by reason of any payment by the insurer to Lessor, or any such other tenant. In addition, each such policy shall provide an agreement by the insurer that same shall the policy will not be cancelled canceled or materially modified to reduce coverage as to risk, amount or named insured without at least thirty fifteen (3015) days’ ' prior written notice to Lessor and any mortgagee of Lessor. The limits of such insurance shall not, under any circumstances, limit the liability of Lessee under this Lease. In the event that Lessee fails to maintain any of the insurance required of it pursuant to this provision, Lessor shall have the right (but not the obligation) at Lessor’s election, after five (5) business days written notice to Lessee, to pay Lessee’s premiums or to arrange substitute insurance with an insurance company of Lessor’s choosing, in which event any premiums advanced by Lessor shall constitute Additional Rent payable under this Lease mortgagees, and shall be payable by Lessee to Lessor immediately upon demand for sameall other named insureds.

Lessee’s Insurance. Lessee shall, at its sole cost and Lessee's expense, obtain and maintain throughout keep in force during the Term term of this Lease, on a full replacement cost basis, “special form” insurance covering all of Lessee’s Property located on or within the Premises, and Lessor shall have no interest in any proceeds of such policy. In addition, Lessee shall obtain and maintain, at its sole cost and expense, commercial general public liability insurance providing coverage from and policy insuring Lessee against any loss or damage occasioned by an accident or casualty on, about or adjacent to the Premises, including protection against death, personal risks of bodily injury and property damage, personal injury, contractual liability, owned and nonowned automobile liability arising out of the ownership, use, occupancy or maintenance of the Leased Premises and all areas appurtenant thereto. Such liability coverage insurance shall be written on a combined single limit policy in an “occurrence” basis, with limits of amount not less than ONE MILLION DOLLARS ($2,000,000.00 combined single limit coverage1,000,000.00) per occurrence with a TWO MILLION DOLLAR ($2,000,000.00) annual aggregate and an umbrella policy of THREE MILLION DOLLARS ($3,000,000.00) any one occurrence. All policies of Lessor and any lender or other party in interest designated by Lessor shall be named as additional insured(s). The policy shall contain cross-liability insurance required to be carried endorsements and shall insure performance by Lessee hereunder of the indemnity provisions of this Lease; shall name be primary, not contributing with, and not in excess of coverage which Lessor and its property manager, if any, may carry; shall state that Lessor is entitled to recovery for the negligence of Lessee even though Lessor is named as an additional insureds. To the extent such coverage is available, each such policy insured; shall provide for severability of interest; shall provide that same an act or omission of one of the insured or additional insureds which would void or otherwise reduce coverage shall not be cancelled void or materially modified without at least thirty reduce coverages as to the other insured or additional insured; and shall afford coverage after the term of this Lease (30by separate policy or extension if necessary) days’ prior written notice to Lessor and any mortgagee for all claims based on acts, omissions, injury or damage which occurred or arose (or the onset of Lessorwhich occurred or arose) in whole or in part during the term of this lease. The limits of such said insurance shall not, under not limit any circumstances, limit the liability of Lessee under this Lease. In the event that Lessee fails to maintain any of the insurance required of it pursuant to this provision, Lessor shall have the right (but not the obligation) at Lessor’s election, after five (5) business days written notice to Lessee, to pay Lessee’s premiums or to arrange substitute insurance with an insurance company of Lessor’s choosing, in which event any premiums advanced by Lessor shall constitute Additional Rent payable under this Lease and shall be payable by Lessee to Lessor immediately upon demand for samehereunder.