Common use of LESSOR INSURANCE Clause in Contracts

LESSOR INSURANCE. LESSOR, totally at its discretion, will procure, pay for and maintain during the term of this Agreement insurance limits and coverage written by companies licensed in the State of Texas. TENANT is encouraged to procure insurance for personal property to cover the loss or damage of same since LESSOR will not be responsible for the personal property of TENANT. All provisions of this Lease Agreement concerning liability, duty and standard of care together with the indemnification provision, shall be underwritten by contractual liability coverage sufficient to include such obligations within applicable policies.

Appears in 2 contracts

Sources: Building Lease Agreement, Building Lease Agreement