Loss of Rents Insurance. Lessor shall, at Lessee’s sole cost and expense as part of the CAC, purchase and maintain in full force and effect, a policy of rental loss insurance, in an amount equal to the amount of Rent payable by Lessee commencing within sixty (60) days of the date of the loss or on the date of loss if reasonably available for the next ensuing one (1) year, as reasonably determined by Lessor with proceeds payable to Lessor (“Loss of Rents Insurance”).
Appears in 2 contracts
Samples: Agreement for Purchase and Sale of Real Property (Sipex Corp), Settlement Agreement and Release (Sipex Corp)
Loss of Rents Insurance. Lessor shall, at Lessee’s sole cost and expense as part of the CAC, purchase and maintain in full force and effect, a policy of rental loss insurance, in an amount equal to the amount of Rent payable by Lessee commencing within sixty (60) days of the date of the loss or on the date of loss if reasonably available for the next ensuing one (1) year, as reasonably determined by Lessor with proceeds payable to Lessor (“Loss of Rents Insurance”).
Appears in 2 contracts
Samples: Form Lease (Nextest Systems Corp), Sublease Agreement (Nextest Systems Corp)
Loss of Rents Insurance. Lessor shall, at Lessee’s sole cost and expense as part of included in the monthly CAC, purchase and maintain in full force and effect, effect a policy of rental loss insurance, insurance in an amount equal to the amount of Rent payable by Lessee commencing within sixty (60) days of the date of the loss (or on the date of loss if reasonably available available) for the next ensuing one (1) year, as reasonably determined by Lessor Lessor, with proceeds payable to Lessor (“Loss of Rents Insurance”).
Appears in 2 contracts
Samples: Parties (Ariosa Diagnostics, Inc.), Parties (Ariosa Diagnostics, Inc.)
