Liability and Other Insurance. Borrower shall maintain commercial general liability insurance with per occurrence limits of $1,000,000, a products/completed operations limit of $2,000,000, and a general aggregate limit of $2,000,000, with an excess/umbrella liability policy of not less than $10,000,000 per occurrence and annual aggregate covering Borrower, with Lender named as an additional insured, against claims for bodily injury or death or property damage occurring in, upon, or about the Property or any street, drive, sidewalk, curb, or passageway adjacent thereto. In addition to any other requirements, such commercial general liability and excess/umbrella liability insurance shall provide insurance against acts of terrorism and against claims applicable to the presence of Microbial Matter, or such coverages shall be provided by separate policies or endorsements. The insurance policies shall also include operations and blanket contractual liability coverage which insures contractual liability under the indemnifications set forth in Section 8.02 below (but such coverage or the amount thereof shall in no way limit such indemnifications). Upon request, Borrower shall also carry additional insurance or additional amounts of insurance covering Borrower or the Property as Lender shall reasonably require.
Liability and Other Insurance. Commercial general liability insurance, in an amount not less than $1,000,000 on an occurrence basis against claims for personal injury, bodily injury and property damage.
Liability and Other Insurance. Lessee shall, during the entire term hereof, keep in full force and effect policies of comprehensive liability and property damage insurance, with respect to the Improved Leased Premises and the business operated by Lessee in and upon the Improved Leased Premises. The policy (or policies) shall name Lessor, and any persons, firms, or corporations designated by Lessor, including the Ground Lessor and mortgagees, if any, and Lessee as insured and shall contain a clause that the insurer will not cancel or modify the insurance without first giving the named parties thirty (30) days prior written notice. Copies of the policy or certificates of accord or insurance shall be delivered to Lessor upon the Commencement Date. If Lessee shall not comply with its covenants made in this section, Lessor may, at its option, cause insurance as aforesaid to be issued and in such event, Lessee agrees to pay the premium for such insurance promptly upon Lessor's demand as additional rent. All obligations contained in this Section 15 shall be subject to the requirements of Lessor's lender and/or mortgagee. In the event the Lessor's lender requires minimum insurance coverage in excess of the limits described herein, then the Lessee expressly agrees to comply with all requirements of Lessor's lender. Failure to do so shall constitute an Event of Default under this Lease.
Liability and Other Insurance. Tenant will throughout the Term, at its expense as Additional Rent, provide and maintain the following insurance, in the amounts specified below:
Liability and Other Insurance. Borrower shall maintain or cause Manager to maintain commercial general liability insurance with per occurrence limits of $1,000,000, and a general aggregate limit of $2,000,000, with an excess/umbrella liability policy of not less than $10,000,000 per occurrence and annual aggregate covering Borrower, with Lender named as an additional insured, against claims for bodily injury or death or property damage occurring in, upon, or about the Property. In addition to any other requirements, such commercial general liability and excess/umbrella liability insurance shall provide insurance against acts of terrorism, or such coverages shall be provided by separate policies or endorsements. The insurance policies shall also include operations and blanket contractual liability coverage which insures contractual liability under the indemnifications set forth in Section 8.02 below (but such coverage or the amount thereof shall in no way limit such indemnifications). Upon request, Borrower shall or cause Manager to also carry additional insurance or additional amounts of insurance covering Borrower or the Property as Lender shall reasonably require with thirty (30) days written notice to Borrower.
Liability and Other Insurance. Tenant shall, at Tenant’s cost and expense, obtain and keep in force a policy or policies of commercial general liability insurance covering the Premises and any losses or claims arising in whole or in part from the use of the Premises, naming Landlord as named insured, and Tenant and the Landlord’s Mortgagee as additional insureds, which as of the Commencement Date shall be with minimum single limit of coverage for any one occurrence of not less than $1,000,000 with an aggregate of not less than $3,000,000 and an excess liability policy of not less than $10,000,000. Landlord’s liability insurance shall provide that it is primary coverage and not excess over or contributory with any other insurance coverage (including any other insurance maintained by the Landlord or the Tenant). All such insurance shall provide that the liability insurance, as required herein, shall not be canceled or changed without at least thirty (30) days’ prior written notice to Landlord, Tenant and Landlord’s Mortgagee. Notwithstanding anything to the contrary contained in this Section 9.2., all such insurance shall at all times be in such amounts and on such terms and conditions as are commercially reasonable. Landlord shall from time to time upon the written request of the Tenant (or the Landlord’s Mortgagee) furnish to the requesting party certificates of insurance demonstrating that all such insurance is in full force and effect. Tenant shall reimburse Landlord for all of Landlord’s costs and expenses incurred in connection with the foregoing promptly upon written request from Landlord. Landlord shall include with its written request paid invoices or such other evidence of payment and/or expense.
Liability and Other Insurance. Lessee shall, during the entire term hereof, keep in fall force and effect policies of comprehensive liability and property damage insurance, with respect to the Improved Leased Premises and the business operated by Lessee in and upon the Improved Leased Premises, in which the limits of bodily injury liability and property damage liability shall be mutually agreed upon. The policy (or policies) shall name Lessor, and any persons, firms, or corporations designated by Lessor, mortgagees, if any, and Lessee as insured and shall contain a clause that the insurer will not cancel or modify the insurance without first giving the named parties thirty (30) days prior written notice. Copies of the policy or certificates of accord or insurance shall be delivered to Lessor upon the Commencement Date. If Lessee shall not comply with its covenants made in this section, Lessor may, at its option, cause insurance as aforesaid to be issued and in such event, Lessee agrees to pay the premium for such insurance promptly upon Lessor's demand as additional rent.
Liability and Other Insurance. Grantor shall maintain comprehensive general liability insurance against claims for bodily injury or death and property damage occurring in or upon or resulting from the Property, in standard form and with such insurance company or companies and policy coverage limits and terms as reasonably may be acceptable to the Collateral Agent, and such other insurance as the Collateral Agent from time to time reasonably may require, with companies reasonably acceptable to the Collateral Agent, upon such terms and provisions, in such amounts, and with such endorsements, all as reasonably are approved by the Collateral Agent. Grantor shall maintain with respect to each policy or agreement evidencing such comprehensive general liability insurance such endorsements as reasonably may be required by the Collateral Agent consistent with accepted industry practice and shall at all times following request therefor by the Collateral Agent deliver and maintain with the Collateral Agent receipts evidencing the payment of all premiums, and certificates of insurance addressed to the Collateral Agent, evidencing compliance with the insurance requirements set forth herein and, when appropriate, evidencing renewals of all such policies of insurance 30 days before any such insurance shall expire. All insurance policies required pursuant to this subparagraph (g) shall contain a prohibition against cancellation, material endorsement, material alteration or reissuance of such policy effecting a change in coverage thereunder unless such insurer first shall have given the Collateral Agent 30 days prior written notice thereof. Grantor further agrees that all insurance policies described in this Paragraph 2.2(g) shall name the Collateral Agent, for the benefit of Lenders, as an additional insured party.
Liability and Other Insurance. Borrower shall maintain commercial general liability insurance with per occurrence limits of $1,000,000, a products/completed operations limit of $2,000,000, and a general aggregate limit of $2,000,000, with an excess/umbrella liability policy of not less than $5,000,000 per occurrence and annual aggregate covering Borrower and Property Manager, with Lender named as an additional insured, against claims for bodily injury or death or property damage occurring in, upon, or about its Individual Property or any street, drive, sidewalk, curb, or passageway adjacent thereto. The insurance policies shall also include operations and blanket contractual liability coverage which insures contractual liability under the indemnifications set forth in Section 8.03 below (but such coverage or the amount thereof shall in no way limit such indemnifications). Upon request, Borrower shall also carry additional insurance or additional amounts of insurance covering Borrower or its Individual Property as Lender shall reasonably require.
Liability and Other Insurance. Commercial general liability insurance, in an amount not less than $1,000,000 on an occurrence basis against claims for personal injury, bodily injury and property damage. Manager shall provide basic theft and damage coverage of up to $1500 per stay, the cost of which shall be subtracted from revenue as further defined below. This coverage is currently provided by Safely at a cost of $15.46 per reservation of less than 60 days. Manager reserves the right to change the terms or cost of this coverage upon notification to Owner. Owner shall have the right to opt-out of this insurance if they have or obtain acceptable alternative coverage or expressly agree to self-insure. Owner shall share existing insurance policies with Manager prior to acceptance of this Agreement. Manager will review existing policies to ensure adequate coverage and assess gaps in insurance coverage. Owner must carry homeowner insurance and damage and liability protection for short-term rental stays specifically. For any given home, Manager may make the start of this Agreement conditional on Owner adding to or modifying existing policies to ensure the Home is adequately protected.
