Common use of Lessee’s Insurance Clause in Contracts

Lessee’s Insurance. The LESSEE shall obtain “replacement value” coverage and shall personally obtain insurance against fire, lighting, explosions, electrical damage, falling and/or strikes by aerial navigation devices, parts of aircraft and objects falling from them, impacts by terrestrial vehicles, hurricanes, storms, downpours, tornadoes, cyclones, hail, as well as snow masses on roofs, strikes, riots, popular movements, acts of vandalism and misconduct, sabotage, attacks, water damage, natural disasters, broken glass, loss of use, legal action by neighbors and third parties for clearing, demolition, removal, waste disposal, shoring equipment, scaffolding, made necessary to return the premises to a proper state, experts’ fees based on the scale of the Professional Union of Experts, and operating losses of its activity from an insurance company known to be solvent, in addition to the objects designated in Article 4 of this Lease (Designation), the arrangements it may have made to the leased premises, furniture, equipment, and merchandise. It shall also cover the Civil Liability risk based on its operations, and claims by neighbors and third parties. It shall pay off its premiums or installments and shall prove all of it upon the LESSOR’s first request by providing a certificate from its insurance company mentioning the taking out of a policy and payment of the premium. The LESSEE shall also take all measures so that fire prevention inside the Leased Premises complies with the conditions according to the regulations in effect and the rules applied by French insurance companies. These policies shall be maintained in effect for the entire duration of the Lease and any renewals. During the Lease period, it shall prove the validity of its contracts within five (5) Days upon the LESSOR’s request by means of certificates indicating payment of its premiums. The LESSEE shall immediately notify the LESSOR, in writing and no later than within two (2) business days, of any losses occurring in the Leased Premises, even if no apparent damage has occurred, subject to being personally liable to reimburse the LESSOR for the amount of the direct or indirect damages incurred by the LESSOR due to this loss, or in particular to be held liable to the LESSOR for failing to report said loss in a timely manner to the insurance company of the Leased Premises. If the Leased Premises are degraded following a robbery, unlawful entry, breaking glass, etc., the LESSEE shall return the Leased Premises in proper order and bear the costs.

Lessee’s Insurance. The LESSEE shall Lessee shall, at Lessee’s expense, obtain “replacement value” coverage and shall personally obtain keep in force during the Term, a commercial general liability insurance policy insuring Lessee against firethe risks of, lighting, explosions, electrical bodily injury and property damage, falling and/or strikes by aerial navigation devicespersonal injury, parts contractual liability, completed operations, products liability, host liquor liability, owned and non-owned automobile liability arising out of aircraft and objects falling from themthe ownership, impacts by terrestrial vehicles, hurricanes, storms, downpours, tornadoes, cyclones, hail, as well as snow masses on roofs, strikes, riots, popular movements, acts of vandalism and misconduct, sabotage, attacks, water damage, natural disasters, broken glass, loss of use, legal action by neighbors and third parties for clearing, demolition, removal, waste disposal, shoring equipment, scaffolding, made necessary to return the premises to a proper state, experts’ fees based on the scale occupancy or maintenance of the Professional Union of Experts, and operating losses of its activity from an insurance company known to be solvent, in addition to the objects designated in Article 4 of this Lease (Designation), the arrangements it may have made to the leased premises, furniture, equipment, and merchandise. It shall also cover the Civil Liability risk based on its operations, and claims by neighbors and third parties. It shall pay off its premiums or installments and shall prove all of it upon the LESSOR’s first request by providing a certificate from its insurance company mentioning the taking out of a policy and payment of the premium. The LESSEE shall also take all measures so that fire prevention inside the Leased Premises complies and all areas appurtenant thereto. Such insurance shall be a combined single limit policy in an amount not less than ONE MILLION DOLLARS ($1,000,000.00) per occurrence with a TWO MILLION DOLLAR ($2,000,000.00) annual aggregate; and an umbrella policy of ONE MILLION DOLLARS ($1,000,000.00) any one occurrence. 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 endorsements and shall insure performance by Lessee of the conditions according indemnity provisions of this Lease; shall be primary, not contributing with, and not in excess of coverage which Lessor may carry; shall state that Lessor is entitled to recovery for the negligence of Lessee even though Lessor is named as an additional insured; shall provide for severability of interest; shall provide that an act or omission of one of the insured or additional insureds which would void or otherwise reduce coverage shall not void or reduce coverages as to the regulations other insured or additional insured; and shall afford coverage after the Term (by separate policy or extension if necessary) for all claims based on acts, omissions, injury or damage which occurred or arose (or the onset of which occurred or arose) in effect and whole or in part during the rules applied by French insurance companies. These policies shall be maintained in effect for the entire duration of the Lease and any renewals. During the Lease period, it shall prove the validity of its contracts within five (5) Days upon the LESSOR’s request by means of certificates indicating payment of its premiumsTerm. The LESSEE limits of said insurance shall immediately notify the LESSORnot limit any liability of Lessee hereunder. Not more frequently than every three (3) years, if, in writing and no later than within two (2) business daysthe reasonable opinion of Xxxxxx, of any losses occurring in the Leased Premises, even if no apparent damage has occurred, subject to being personally liable to reimburse the LESSOR for the amount of the direct or indirect damages incurred liability insurance required hereunder is not adequate, Lessee shall promptly increase said insurance coverage as required by the LESSOR due to this loss, or in particular to be held liable to the LESSOR for failing to report said loss in a timely manner to the insurance company of the Leased Premises. If the Leased Premises are degraded following a robbery, unlawful entry, breaking glass, etcXxxxxx., the LESSEE shall return the Leased Premises in proper order and bear the costs.

Lessee’s Insurance. The LESSEE Lessee, at its sole cost and expense, shall obtain “replacement value” coverage secure and shall personally obtain insurance maintain throughout the Term (a) commercial general liability insurance, insuring both Lessor and Lessee against death and personal injuries to one or more persons and damage to property occurring on the Leased Premises or Trailer Parking Area or in connection with Lessee’s use and occupancy of the Leased Premises, Parking Area and Real Property, in an amount equal to not less than $5,000,000 combined single limit per occurrence (which may include umbrella coverage) (b) fire, lightingcasualty and extended coverage insurance (also known as “All-Risk” property insurance), explosionscovering all leasehold improvements, electrical damagefixtures, falling and/or strikes furnishings, equipment and personal property of Lessee on or about the Leased Premises, insuring both Lessor and Lessee, for the full insurable value thereof on a replacement cost basis, (c) worker’s compensation insurance to the extent required by aerial navigation devicesApplicable Laws, parts of aircraft (d) commercial automobile liability insurance covering all owned, non-owned and objects falling from themhired vehicles for injury and damage resulting therefrom, impacts by terrestrial vehicles, hurricanes, storms, downpours, tornadoes, cyclones, hail, as well as snow masses on roofs, strikes, riots, popular movements, acts of vandalism and misconduct, sabotage, attacks, water damage, natural disasters, broken glass, loss of use, legal action by neighbors and third parties for clearing, demolition, removal, waste disposal, shoring equipment, scaffolding, made necessary in an amount equal to return the premises to a proper state, experts’ fees based on the scale of the Professional Union of Expertsnot less than $1,000,000.00 combined single limit per occurrence, and operating losses (e) except with respect to Lessor’s Work, so called “Builder’s Risk” insurance during the performance of its activity from any construction by or for Lessee on or about the Leased Premises. Lessee’s insurance shall be written by an insurance company known licensed to be solvent, write insurance in addition Indiana and having an AM Best’s rating of A-/VII or better. Prior to the objects designated in Article 4 Lease Commencement Date, Lessee shall furnish to Lessor a certificate of this Lease (Designation)insurance evidencing such coverage with the Lessor named as an additional insured, the arrangements it may have made which certificate shall contain a provision to the leased premiseseffect that such coverage may not be canceled, furniturematerially changed or not renewed without at least thirty (30) days’ prior written notice to Lessor. Subject to Lessor’s obligation to construct Lessor’s Work in compliance with all Applicable Laws, equipment, and merchandise. It shall also cover the Civil Liability risk based on its operations, and claims by neighbors and third parties. It shall pay off its premiums or installments and shall prove all of it upon the LESSOR’s first request by providing a certificate from its insurance company mentioning the taking out of a policy and payment of the premium. The LESSEE shall also take all measures so that fire prevention inside the Leased Premises complies with the conditions according Lessee further agrees to the regulations in effect and the rules applied by French insurance companies. These policies shall be maintained in effect for the entire duration of the Lease and any renewals. During the Lease period, it shall prove the validity of its contracts within five (5) Days upon the LESSOR’s request by means of certificates indicating payment of its premiums. The LESSEE shall immediately notify the LESSOR, in writing and no later than within two (2) business days, of any losses occurring install in the Leased Premises, even if no apparent damage has occurredat Lessee’s sole cost and expense such fire extinguishing equipment, subject to being personally liable to reimburse or any other devices, as is required by Applicable Laws or by Lessor’s insurance carrier, or the LESSOR for the amount recommendation of the direct Fire Rating Bureau of Fire Underwriters or indirect damages incurred by the LESSOR due to this losssimilar body, or in particular to be held liable either prior to the LESSOR for failing to report said loss in a timely manner to the insurance company occupancy of the Leased Premises. If Premises or thereafter during the Lease Term, due to the particular use of the Leased Premises are degraded following a robberyby Lessee (and not required by any such authority generally to the entire Building). If any requirement of Lessor’s insurance carrier or recommendation of the Fire Rating Bureau of Fire Underwriters or similar body can be accommodated by payment of an additional premium without affecting insurance coverage, unlawful entry, breaking glass, etcthen Lessee may satisfy such requirement or recommendation by payment of such additional premium., the LESSEE shall return the Leased Premises in proper order and bear the costs.

Lessee’s Insurance. The LESSEE Throughout the term of this Lease, Lessee shall, at its sole expense, procure and maintain with respect to the Premises, Commercial General Liability insurance, including Bodily Injury, Property Damage Liability and Fire Damage Liability against any and all damages and liability, on account of or arising out of injuries to or the death of any person or damage to property, however occasioned, in, on or about the Premises in amounts not less than $1,000,000 per occurrence, $2,000,000 annual aggregate, and $1,000,000 Fire Damage Liability. All insurance provided for in this Section shall obtain “replacement value” be in a form satisfactory to Lessor and carried with insurance companies reasonably acceptable to Lessor that are licensed or authorized to do business in the State of Ohio, are in good standing with the Ohio Department of Insurance and have a current rating issued with A.M. Best Company of not less than A-:VII, and/or whose claim paying ability is rated no lower than A by Standard & Poor's Ratings Service and A2 by Xxxxx'x Investors Service. Insurance coverage shall be written as primary policy coverage and shall personally obtain insurance against fire, lighting, explosions, electrical damage, falling and/or strikes by aerial navigation devices, parts not contributing with or excess of aircraft and objects falling from them, impacts by terrestrial vehicles, hurricanes, storms, downpours, tornadoes, cyclones, hail, as well as snow masses on roofs, strikes, riots, popular movements, acts of vandalism and misconduct, sabotage, attacks, water damage, natural disasters, broken glass, loss of use, legal action by neighbors and third parties for clearing, demolition, removal, waste disposal, shoring equipment, scaffolding, made necessary to return the premises to a proper state, experts’ fees based on the scale of the Professional Union of Expertsany coverage which Lessor may carry, and operating losses of its activity from Lessor shall be named as an insurance company known to be solvent, in addition to additional named insured. Lessee shall furnish Lessor at the objects designated in Article 4 inception of this Lease (Designation), the arrangements it may have made to the leased premises, furniture, equipment, and merchandise. It shall also cover the Civil Liability risk based on its operations, and claims by neighbors and third parties. It shall pay off its premiums or installments and shall prove all of it upon the LESSOR’s first request by providing with a certificate from its of insurance company mentioning the taking out of a policy and payment of the premium. The LESSEE shall also take evidencing that all measures so that fire prevention inside the Leased Premises complies with the conditions according to the regulations such insurance is in effect and that Lessor will be given at least thirty (30) days prior written notice of cancellation or non-renewal, and Lessee shall further provide proof that premiums have been paid by Lessee. Lessee will annually each January 31 during the rules applied by French term of this Lease provide to the Lessor a certificate of insurance companiesidentifying the Board of Trustees of Granville Township as an additional named insured. These policies In the event Lessee shall fail to procure any contract of insurance required under the terms hereof or any renewal of or replacement for any contract of insurance that is expiring or has been canceled, Lessor may, but shall not be obligated to, procure such insurance on behalf of Lessee and the cost thereof shall be maintained in effect for the entire duration payable to Lessor as additional rent within ten (10) days following written demand of the Lease and any renewals. During the Lease period, it shall prove the validity of its contracts within five (5) Days upon the LESSOR’s request by means of certificates indicating payment of its premiums. The LESSEE shall immediately notify the LESSOR, in writing and no later than within two (2) business days, of any losses occurring in the Leased Premises, even if no apparent damage has occurred, subject to being personally liable to reimburse the LESSOR for the amount of the direct or indirect damages incurred by the LESSOR due to this loss, or in particular to be held liable to the LESSOR for failing to report said loss in a timely manner to the insurance company of the Leased Premises. If the Leased Premises are degraded following a robbery, unlawful entry, breaking glass, etcsuch rent., the LESSEE shall return the Leased Premises in proper order and bear the costs.

Lessee’s Insurance. Lessee shall, at Lessee's expense, obtain and keep in force during the term of this Lease, a commercial general liability insurance policy insuring Lessee against the risks of bodily injury and property damage, personal injury, contractual liability, completed operations, products liability, host liquor liability, owned and non owned automobile liability arising out of the ownership, use, occupancy or maintenance of the Leased Premises and all areas appurtenant thereto. Such insurance shall be a combined single limit policy in an amount not less than ONE MILLION DOLLARS ($1,000,000.00) 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 per occurrence. Lessor and any lender or other party in interest designated by Lessor shall be named as additional insured(s). The LESSEE policy shall obtain “replacement value” coverage contain cross liability endorsements and shall personally obtain insurance against fire, lighting, explosions, electrical damage, falling and/or strikes insure performance by aerial navigation devices, parts of aircraft and objects falling from them, impacts by terrestrial vehicles, hurricanes, storms, downpours, tornadoes, cyclones, hail, as well as snow masses on roofs, strikes, riots, popular movements, acts of vandalism and misconduct, sabotage, attacks, water damage, natural disasters, broken glass, loss of use, legal action by neighbors and third parties for clearing, demolition, removal, waste disposal, shoring equipment, scaffolding, made necessary to return the premises to a proper state, experts’ fees based on the scale Lessee of the Professional Union indemnity provisions of Expertsthis Lease; shall cover contractual liability, and operating losses products liability; shall be primary, not contributing with, and not in excess of its activity from coverage which Lessor may carry; shall state that Lessor is entitled to recovery for the negligence of Lessee even though Lessor is named as an insurance company known to be solvent, in addition additional insured; shall provide for severability of interest; shall provide that an act or omission of one of the insured or additional insureds which would void or otherwise reduce coverage shall not void or reduce coverages as to the objects designated in Article 4 other insured or additional insured; and shall afford coverage after the term of this Lease (Designation), the arrangements it may have made to the leased premises, furniture, equipment, and merchandise. It shall also cover the Civil Liability risk by separate policy or extension if necessary) for all claims based on its operationsacts, and claims by neighbors and third parties. It shall pay off its premiums omissions, injury or installments and shall prove all damage which occurred or arose (or the onset of it upon which occurred or arose) in whole or in part during the LESSOR’s first request by providing a certificate from its insurance company mentioning the taking out term of a policy and payment of the premiumthis Lease. The LESSEE limits of said insurance shall also take all measures so not, however, limit any liability of Lessee hereunder. In the event that fire prevention inside the Leased Premises complies with the conditions according to the regulations in effect and the rules applied by French do not constitute part of a larger property, said insurance companiesshall have a Lessor's protective liability endorsement attached thereto. These policies shall be maintained in effect for the entire duration of the Lease and any renewals. During the Lease periodNot more frequently than every three (3) years, it shall prove the validity of its contracts within five (5) Days upon the LESSOR’s request by means of certificates indicating payment of its premiums. The LESSEE shall immediately notify the LESSORif, in writing and no later than within two (2) business daysthe reasonable opinion of Lessor, of any losses occurring in the Leased Premises, even if no apparent damage has occurred, subject to being personally liable to reimburse the LESSOR for the amount of the direct or indirect damages incurred liability insurance required hereunder is not adequate, Lessee shall promptly increase said insurance coverage as required by the LESSOR due to this loss, or in particular to be held liable to the LESSOR for failing to report said loss in a timely manner to the insurance company of the Leased Premises. If the Leased Premises are degraded following a robbery, unlawful entry, breaking glass, etcLessor., the LESSEE shall return the Leased Premises in proper order and bear the costs.

Lessee’s Insurance. The LESSEE shall Lessee shall, at Xxxxxx's expense, obtain “replacement value” coverage and shall personally obtain keep in force during the Term, a commercial general liability insurance policy insuring Lessee against firethe risks of, lighting, explosions, electrical bodily injury and property damage, falling and/or strikes by aerial navigation devicespersonal injury, parts contractual liability, completed operations, products liability, host liquor liability, owned and non-owned automobile liability arising out of aircraft and objects falling from themthe ownership, impacts by terrestrial vehicles, hurricanes, storms, downpours, tornadoes, cyclones, hail, as well as snow masses on roofs, strikes, riots, popular movements, acts of vandalism and misconduct, sabotage, attacks, water damage, natural disasters, broken glass, loss of use, legal action by neighbors and third parties for clearing, demolition, removal, waste disposal, shoring equipment, scaffolding, made necessary to return the premises to a proper state, experts’ fees based on the scale occupancy or maintenance of the Professional Union of Experts, and operating losses of its activity from an insurance company known to be solvent, in addition to the objects designated in Article 4 of this Lease (Designation), the arrangements it may have made to the leased premises, furniture, equipment, and merchandise. It shall also cover the Civil Liability risk based on its operations, and claims by neighbors and third parties. It shall pay off its premiums or installments and shall prove all of it upon the LESSOR’s first request by providing a certificate from its insurance company mentioning the taking out of a policy and payment of the premium. The LESSEE shall also take all measures so that fire prevention inside the Leased Premises complies and all areas appurtenant thereto. Such insurance shall be a combined single limit policy in an amount not less than ONE MILLION DOLLARS ($1,000,000.00) 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. 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 endorsements and shall insure performance by Lessee of the conditions according indemnity provisions of this Lease; shall be primary, not contributing with, and not in excess of coverage which Lessor may carry; shall state that Lessor is entitled to recovery for the negligence of Lessee even though Lessor is named as an additional insured; shall provide for severability of interest; shall provide that an act or omission of one of the insured or additional insureds which would void or otherwise reduce coverage shall not void or reduce coverages as to the regulations other insured or additional insured; and shall afford coverage after the Term (by separate policy or extension if necessary) for all claims based on acts, omissions, injury or damage which occurred or arose (or the onset of which occurred or arose) in effect and whole or in part during the rules applied by French insurance companies. These policies shall be maintained in effect for the entire duration of the Lease and any renewals. During the Lease period, it shall prove the validity of its contracts within five (5) Days upon the LESSOR’s request by means of certificates indicating payment of its premiumsTerm. The LESSEE limits of said insurance shall immediately notify the LESSORnot limit any liability of Lessee hereunder. Not more frequently than every three (3) years, if, in writing and no later than within two (2) business daysthe reasonable opinion of Xxxxxx, of any losses occurring in the Leased Premises, even if no apparent damage has occurred, subject to being personally liable to reimburse the LESSOR for the amount of the direct or indirect damages incurred liability insurance required hereunder is not adequate, Lessee shall promptly increase said insurance coverage as required by the LESSOR due to this loss, or in particular to be held liable to the LESSOR for failing to report said loss in a timely manner to the insurance company of the Leased Premises. If the Leased Premises are degraded following a robbery, unlawful entry, breaking glass, etcXxxxxx., the LESSEE shall return the Leased Premises in proper order and bear the costs.

Lessee’s Insurance. The LESSEE shall obtain “replacement value” coverage Lessee hereby covenants and shall personally obtain agrees, at its own cost and expense, to take out and maintain in full force and effect at all times until the expiration or earlier termination of the Lease, a comprehensive liability insurance policy in the sum of Two Million Dollars ($2,000,000.00) aggregate insuring against fireloss of life and bodily injury and Five Hundred Thousand Dollars ($500,000.00), lightingor such other limit as Lessor may from time to time specify, explosionson an "occurrence" basis, electrical damageinsuring against property damage in, falling and/or strikes by aerial navigation deviceson, parts of aircraft and objects falling from themabout, impacts by terrestrial vehicles, hurricanes, storms, downpours, tornadoes, cyclones, hailor adjacent to the demised premises, as well as snow masses business interruption insurance in an amount comparable to that carried by other businesses of comparable size to Lessee's business, and insurance covering loss and damage to Lessee's personal property, contents, improvements and betterments in, on roofsor about the demised premises, strikesin an amount equal to the full replacement value thereof. Such policy or policies shall name Lessor and Agent as named insureds, riotswithout cross suits exclusion, popular movements(except for Lessee's contents coverage), acts of vandalism and misconduct, sabotage, attacks, water damage, natural disasters, broken glass, loss of use, legal action by neighbors and third parties for clearing, demolition, removal, waste disposal, shoring equipment, scaffolding, made necessary shall be non-cancelable without thirty (30) days prior written notice to return the premises to a proper state, experts’ fees based on the scale Lessor without exculpation of the Professional Union of Expertsinsurer in the event it fails to give such notice, and operating losses shall be satisfactory to Lessor in form and content. Lessee shall deliver such policy or policies, or a certificate of its activity from an insurance company known evidencing same (Accord Form 27 with respect to be solventProperty Insurance), in addition to Lessor prior to Lessee's taking possession of the demised premises, such delivery being a condition precedent to the objects designated in Article 4 of this Lease (Designation), the arrangements it may have made to the leased premises, furniture, equipment, and merchandise. It shall also cover the Civil Liability risk based on its operations, and claims by neighbors and third parties. It shall pay off its premiums or installments and shall prove all of it upon the LESSOR’s first request by providing a certificate from its insurance company mentioning the taking out of a policy and payment commencement of the premiumLease. The LESSEE shall also take Lessee hereby agrees to indemnify, defend and hold Lessor harmless of and from any and all measures so that fire prevention inside the Leased Premises complies with the conditions according to the regulations in effect claims of whatever nature, including attorney's fees and the rules applied by French insurance companies. These policies shall be maintained in effect for the entire duration of the Lease and any renewals. During the Lease periodcosts, it shall prove the validity of its contracts within five (5) Days upon the LESSOR’s request by means of certificates indicating payment of its premiums. The LESSEE shall immediately notify the LESSOR, in writing and no later than within two (2) business days, of any losses occurring in the Leased Premises, even if no apparent damage has occurred, subject to being personally liable to reimburse the LESSOR for the amount of the direct or indirect damages incurred by the LESSOR due to this lossarising from, or in particular connection with, Lessee's use and occupancy of the Property. In clarification of the requirements set forth above, the coverage obtained by Lessee shall be written on an "occurrence" basis, if available. If an "occurrence" basis form is not available, Lessee must purchase "tail" coverage for the most number of years available, and Lessee must also purchase "tail" coverage if the retroactive date of an "occurrence" basis form is changed so as to leave a gap in coverage for occurrences that might have occurred in prior years. If a "claims made" policy is ever used, the policy must be endorsed so that Lessor is given the right to purchase "tail" coverage should Lessee for any reason not do so or if the policy is to be held liable to the LESSOR canceled for failing to report said loss in a timely manner to the insurance company nonpayment of the Leased Premisespremium. If the Leased Premises are degraded following a robbery, unlawful entry, breaking glass, etcAny such payment by Lessor on behalf of Lessee shall be considered Additional Rent., the LESSEE shall return the Leased Premises in proper order and bear the costs.

Lessee’s Insurance. The LESSEE shall obtain “replacement value” coverage Lessee at its expense will maintain or cause to be maintained with insurers approved by Lessor (a) during all terms of this Lease public liability insurance and shall personally obtain property damage liability insurance against any accident, injury or damage to any person or property occurring on or about the Leased Property or any part thereof in amounts and coverage approved in writing by Lessor, (b) during all terms of this Lease appropriate workmen's compensation insurance in respect of any work on or about the Leased Property and (c) during the preliminary term of this Lease insurance with respect to the Leased Buildings against loss or damage by fire, lightinglightning, explosions, electrical damage, falling and/or strikes by aerial navigation devices, parts of aircraft and objects falling from them, impacts by terrestrial vehicles, hurricanes, storms, downpours, tornadoes, cycloneswindstorm, hail, explosion, riot, riot attending a strike, civil commotion, aircraft, vehicles, smoke, boiler explosion, war risks (when and to the extent insurance against the same is obtainable from the United States Government or any agency thereof), and other risks customarily insured against by persons in businesses similar to that of Lessee, as well as snow masses on roofsdetermined in good faith by Lessee, strikesall in amounts not less than the full insurable value (actual replacement value less actual physical depreciation, riotsexclusive of cost of excavations, popular movements, acts of vandalism foundations and misconduct, sabotage, attacks, water damage, natural disasters, broken glass, loss of use, legal action by neighbors and third parties for clearing, demolition, removal, waste disposal, shoring equipment, scaffolding, made necessary to return footings below the premises to a proper state, experts’ fees based on the scale underside of the Professional Union lowest basement floor if excluded by the policy) of Experts, the Leased Buildings as determined at Lessee's expense from time to time. In each case such policies of insurance required by this section shall be payable to Lessee and operating losses Lessor as their interests may appear and may be under a blanket policy approved in writing by Lessor and may have "deductible" clauses in amounts not exceeding $10,000 in respect of its activity from an insurance company known any one event of casualty or such greater amount as Lessor may approve in writing. In case there shall occur any damage to or destruction of any of the Leased Buildings or any part thereof by hazards to be solventinsured against by Lessee under (c) above, in addition Lessee will promptly give written notice thereof to the objects designated in Article 4 of this Lease (Designation), the arrangements it may have made to the leased premises, furniture, equipment, and merchandise. It shall also cover the Civil Liability risk based on its operations, and claims by neighbors and third parties. It shall pay off its premiums or installments and shall prove all of it upon the LESSOR’s first request by providing a certificate from its insurance company mentioning the taking out of a policy and payment of the premium. The LESSEE shall also take all measures so that fire prevention inside the Leased Premises complies with the conditions according to the regulations in effect and the rules applied by French insurance companies. These policies shall be maintained in effect for the entire duration of the Lease and any renewals. During the Lease period, it shall prove the validity of its contracts within five (5) Days upon the LESSOR’s request by means of certificates indicating payment of its premiums. The LESSEE shall immediately notify the LESSOR, in writing and no later than within two (2) business days, of any losses occurring in the Leased Premises, even if no apparent damage has occurredLessor and, subject to being personally liable the provisions of section 23, Lessee at its expense will promptly commence and complete with due diligence the restoration, repair, replacement or rebuilding (hereinafter collectively referred to reimburse the LESSOR for the amount of the direct or indirect damages incurred by the LESSOR due to this loss, or in particular to be held liable to the LESSOR for failing to report said loss in a timely manner to the insurance company as "Restoration") of the Leased Premises. If the Leased Premises are degraded following a robberyBuildings to as nearly as possible their value, unlawful entrycondition and character immediately prior to such damage or destruction, breaking glasswith such alterations or additions, etcif any, as may be mutually agreed upon by Lessor and Lessee., the LESSEE shall return the Leased Premises in proper order and bear the costs.