LESSOR’S PROPERTY INSURANCE. Lessor shall obtain and keep in force during the Term a policy or policies of insurance covering loss or damage to the Project, in the amount of the full replacement value thereof, exclusive of footings and foundations, providing protection against all perils included within the classification of fire, extended coverage, vandalism, malicious mischief, special extended perils (special form). Lessee understands and agrees that the insurance described in this Section 8.4 will not cover Lessee’s personal property, merchandise, stock in trade, trade fixtures and equipment. Lessee shall be responsible for Lessee’s proportionate share of the insurance cost.
LESSOR’S PROPERTY INSURANCE. Lessor shall obtain and keep in force during the Term a policy or policies of insurance covering lose or damage to the Project, in the amount of the fun replacement value thereof, exclusive of footings and foundations, providing protection against all perils included within the classification of fire, extended coverage, vandalism, malicious mischief, special extended peril. (special form). Xxxxxx understands and agrees that the insurance described in this Section 8.4 will not cover Xxxxxx's personal property, merchandise, stock in trade, trade fixtures and equipment.
LESSOR’S PROPERTY INSURANCE. Subject to Section 6, Lessor shall maintain on the Building a policy of “all risk” hazard insurance in the full amount of its replacement value. All proceeds of any such insurance shall be payable to Lessor and shall be applied to the restoration of the Building to the extent provided in Section 21; any proceeds of such insurance remaining after such restoration shall belong to Lessor.
LESSOR’S PROPERTY INSURANCE. Lessor at its expense shall carry special form property insurance insuring the Leased Property at its full replacement value throughout the Lease Term and any Renewal Term, and insuring all of its personal property, including any fixtures, located in the Leased Property.
LESSOR’S PROPERTY INSURANCE. Lessor shall obtain and keep in force during the Term a policy or policies of insurance covering loss or damage to the Project, in the amount of the full replacement value thereof, exclusive of footings and foundations, providing protection against all perils included within the classification of fire, extended coverage, vandalism, malicious mischief, special extended perils (special form). Lessee understands and agrees that the insurance described in thxx XXRAGRAPH 8.4 will not cover Lessee's personal property, merchandise, stock in trade, trade fixtxxxx xnd equipment.
LESSOR’S PROPERTY INSURANCE. Tenant shall, at Tenant's sole --------------------------- cost and expense maintain a policy of all risk special perils building and personal property insurance with full replacement value coverage of at least $6,250,000. Such insurance shall comply with all requirements of the holder of the First Lien. All proceeds of any such insurance shall be applied to the restoration of the Property.
LESSOR’S PROPERTY INSURANCE. Lessor shall procure and maintain at all times, at its cost, a policy or policies of property insurance which is at least as broad as the ISO Special Form Causes of Loss (CP 1030) policy, formerly known as “all-risks”, as well as insurance covering boiler and machinery and compliance with ordinances or laws if appropriate, for the 100% insurable replacement cost of the building which contains the Premises. Lessor shall also maintain business income insurance in an amount sufficient to insure at least 12 months loss of rents for the same perils insured on the building. Such insurance shall include a waiver of subrogation in favor of Lessee, its employees, agents and business invitees. Lessor may not insure with a deductible or self- insured retention exceeding $10,000 without the prior written consent of Lessee.
LESSOR’S PROPERTY INSURANCE. Lessee shall, at Lessee's sole cost --------------------------- and expense maintain a policy of all risk special perils building and personal property insurance with full replacement value coverage in the amount of the Option Price. Such insurance shall comply with all requirements of the holder of the encumbrances on the Property. All proceeds of any such insurance shall be applied to the restoration of the Property.
LESSOR’S PROPERTY INSURANCE. Lessor shall purchase and maintain during the term of the lease all-risk property insurance covering the Building for its full replacement value without any coinsurance provisions.
LESSOR’S PROPERTY INSURANCE. Lessor shall obtain and keep in force during the Term a policy or policies of insurance covering loss or damage to the Project, in the amount of the full replacement value thereof, exclusive of footings and foundations, providing protection against all perils included within the classification of fire, extended coverage, vandalism, malicious mischief, and special extended perils (special form), including plate glass coverage. Lxxxxx understands and agrees that the insurance described in this Section 8.2 will not cover Lxxxxx’s personal property, merchandise, stock in trade, trade fixtures or equipment in or about the Premises.
