Common use of Policy Form Clause in Contracts

Policy Form. All policies of insurance provided for herein shall be issued by insurance companies, with general policy holder's rating of not less an "A" and a financial rating of Class 13 or higher as rated in the most current available "Bests" Policy Holder's Ratings, and authorized to do business in the State of California. All such policies shall be issued in the names of Landlord and Tenant, which policies shall be for the mutual and joint benefit and protection of Landlord and Tenant, and executed copies of such policies of insurance or certificates hereof shall be delivered to Land1ord within ten (10) days after delivery of possession of the Premises to Tenant and thereafter within thirty (30) days prior to the expiration of the term of such policy. All public liability and property damage policies shall contain a provision that Landlord, although named as an insured, shall nevertheless be entitled to recover under said policies for any loss occasioned to it, its servants, agents and employees by reason of negligence of Tenant. As often as any such policy shall expire or terminate, renewal or additional policies shall be procured and maintained by Tenant in like manner and to like extent. All policies of insurance delivered to Landlord must contain a provision that the company writing said policy will give to Landlord thirty (30) days notice in writing in advance of any cancellation or lapse of the effective date of any reduction in the amounts of insurance and Tenant shall procure a comparable policy or policies satisfactory to Landlord within said thirty (30) day period. All public liability, property damage and other policies shall be written as primary policies, not contributing with and not in excess of coverage which Landlord may carry.

Appears in 1 contract

Samples: Assignment of Lease (Network Holdings International Inc)

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Policy Form. All policies of insurance provided for required of Tenant herein shall be issued by insurance companies, companies with general policy holder's rating of not less an "A" than A and a financial rating of not less than Class 13 or higher X, as rated in the most current available "Bests" Policy HolderBest's RatingsKey Rating Guide", and authorized which are qualified to do business in the State of California. All such policies policies, except for the Worker's Compensation coverage, shall be issued in the names of Landlord name and Tenant, which policies shall be for the mutual and joint benefit and protection of Landlord, Tenant and Landlord's agents and mortgagee(s) or beneficiary (ies) as additional insureds. The policies described in subparagraphs (c) and (e) of Section 16.1 shall also name Landlord and Tenant, and executed Landlord's mortgagee(s) or beneficiary (ies) as loss payees. Executed copies of such the policies of insurance or certificates hereof thereof shall be delivered to Land1ord within ten (10) days after delivery of possession of Landlord prior to Tenant, its agents or employees entering the Premises for any purpose. Thereafter, executed copies of renewal policies or certificates thereof shall be delivered to Tenant and thereafter Landlord within thirty (30) days prior to the expiration of the term of such each policy. All public liability and property damage policies shall contain a provision that Landlord, although named as an insured, shall nevertheless be entitled to recover under said policies for any loss occasioned to it, its servants, agents and employees by reason of negligence of Tenant. As often as any such policy shall expire or terminate, renewal or additional policies shall be procured and maintained by Tenant in like manner and to like extent. All policies of insurance delivered to Landlord must contain a provision that the company writing said the policy will give to Landlord thirty (30) days days' prior written notice in writing in advance of any cancellation or lapse of or the effective date of any reduction in the amounts of insurance. All policies required of Tenant herein shall be endorsed to read that such policies are primary policies and any insurance and carried by Landlord or Landlord's property manager shall be noncontributing with such policies. No policy required to be maintained by Tenant shall procure have a comparable policy or policies satisfactory to Landlord within said thirty deductible greater than Twenty-Five Thousand Dollars (30$25,000.00) day periodunless approved in writing by Landlord. All public liability, property damage and other policies shall be written as primary policies, not contributing with and not in excess of coverage which Landlord may carry.16.3

Appears in 1 contract

Samples: Retail Space Lease (Chicago Pizza & Brewery Inc)

Policy Form. All policies of insurance provided for herein in this ------------- Section 16 shall be issued by insurance companies, companies with a general policy holder's policyholders' rating of not less an "A" than A and a financial rating of Class 13 or higher XIII as rated in the most current available "BestsBest's Insurance Reports," Policy Holder's Ratings, and authorized qualified to do business in the State of California. All ; and, except for workers' compensation and employers' liability, all such policies shall be issued in the names of Landlord and Tenant, which policies shall be for the mutual and joint benefit and protection of Landlord and Tenantname Landlord, and executed such other persons and entities as Landlord specifies from time to time, as additional insureds. Executed copies or certificates of all such policies of insurance or certificates hereof shall be delivered to Land1ord within Landlord at least ten (10) days after prior to the delivery of possession of the Premises to Tenant Tenant, and thereafter copies or certificates of all renewals of such policies of insurance within thirty (30) days prior to the expiration of the term of each such policy. All public comprehensive general liability and property damage insurance policies shall contain a provision that Landlord, although named as an insured, shall nevertheless be entitled to recover recovery under said such policies for any loss occasioned to itLandlord, its servants, agents and employees by reason of the negligence or willful act of Tenant. As often as any such policy shall expire or terminate, renewal or additional policies shall be procured and maintained by Tenant in like manner and to like extent. All such policies of insurance delivered to Landlord must contain a provision shall provide that the company companies writing said policy will such policies shall give to Landlord thirty (30) days days' prior written notice in writing in advance (i) of any cancellation or lapse of the policies or (ii) of the effective date of any reduction in the amounts of insurance and Tenant shall procure a comparable policy or policies satisfactory to Landlord within said thirty (30) day periodinsurance. All public liability, property damage and other casualty policies shall be written as primary policies, not contributing with and not in excess of coverage which that Landlord may carry.

Appears in 1 contract

Samples: Lease Agreement (Biomarin Pharmaceutical Inc)

Policy Form. All policies of insurance provided for herein shall be issued by insurance companies, companies with a general policy holder's policyholders' rating of not less an "A" than A and a financial rating of Class 13 or higher X111 as rated in the most current available "BestsBest's Insurance Reports," Policy Holder's Ratings, and authorized qualified to do business in the State of California. All Except for workers' compensation and employers' liability, all such policies shall be issued in the names of Landlord, Tenant and such other persons or firms as Landlord specifies from time to time and Tenant, which policies shall be for the mutual and joint benefit and protection of Landlord Landlord, Tenant and Tenant, and executed others herein above mentioned. Executed copies of all such policies of insurance or certificates hereof thereof shall be delivered to Land1ord within ten (10) days after Landlord prior to delivery of possession of the Premises to Tenant Tenant, and thereafter within thirty (30) days prior to the expiration of the term of each such policy. All public liability and property damage policies shall contain a provision that Landlord, although named as an insured, shall nevertheless be entitled to recover recovery under said policies for any loss occasioned to it, its servants, agents and employees by reason of the negligence of Tenant. As often as any such policy shall expire or terminate, renewal or additional policies shall be procured and maintained by the Tenant in like manner and to like extent. All such policies of insurance delivered to Landlord must contain a provision shall provide that the company writing said policy will give to Landlord thirty (30) days days' notice in writing in advance of any cancellation or lapse of or the effective date of any reduction in the amounts of insurance and Tenant shall procure a comparable policy or policies satisfactory to Landlord within said thirty (30) day periodinsurance. All public liability, property damage and other casualty policies shall be written as primary policies, not contributing with and not in excess of coverage which Landlord may carry.

Appears in 1 contract

Samples: Office Lease (Andromedia Inc)

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Policy Form. All policies of insurance provided for herein shall be issued by insurance companies, companies with general policy holder's policyholders’ rating of not less an "A" than A and a financial rating of Class 13 or higher AAA as rated in the most current available "Bests" Policy Holder's Ratings“Best’s Insurance Reports”, and authorized qualified to do business in the State of California. All such policies , and shall be issued in the names of Landlord Lessor, Lessee and Tenant, which such other persons or firms as Lessor specifies from time to time. Such policies shall be for the mutual and joint benefit and protection of Landlord Lessor, Lessee and Tenantothers hereinabove mentioned, and executed copies of such policies of insurance or certificates hereof thereof shall be delivered to Land1ord the Lessor within ten (10) days after delivery of possession of the Premises to Tenant Lessor and thereafter within thirty (30) days prior to the expiration of the term of each such policy. All public liability and property damage policies shall contain a provision that Landlordthe Lessor, although named names as an insured, shall nevertheless be entitled to recover recovery under said policies for any loss occasioned to it, its servants, agents and employees by reason of the negligence of Tenantthe Lessee. As often as any such policy shall expire or terminate, renewal or additional policies shall be procured and maintained by Tenant the Lessee in like manner and to like extent. All policies of insurance delivered to Landlord the Lessor must contain a provision that the company writing said policy will give to Landlord thirty the Lessor twenty (3020) days days’ notice in writing in advance of any cancellation or lapse of or the effective date of any reduction in the amounts of insurance and Tenant shall procure a comparable policy or policies satisfactory to Landlord within said thirty (30) day periodinsurance. All public liability, property damage and other casualty policies shall be written as primary policies, not contributing with and not in excess of coverage which Landlord the Lessor may carry.

Appears in 1 contract

Samples: Lease Agreement Special Net (Central Coast Bancorp)

Policy Form. All policies of insurance provided for herein shall be issued by insurance companies, companies with a general policy holder's policyholders' rating of not less an "A" than A and a financial rating of Class 13 or higher XIII as rated in the most current available "BestsBest's Insurance Reports," Policy Holder's Ratings, and authorized qualified to do business in the State of California. All Except for workers' compensation and employers' liability, all such policies shall be issued in the names of Landlord, Tenant and such other persons or firms as Landlord specifies from time to time and Tenant, which policies shall be for the mutual and joint benefit and protection of Landlord Landlord, Tenant and Tenant, and executed others hereinabove mentioned. Executed copies of all such policies of insurance or certificates hereof thereof shall be delivered to Land1ord within ten (10) days after Landlord prior to delivery of possession of the Premises to Tenant Tenant, and thereafter within thirty (30) days prior to the expiration of the term of each such policy. All public liability and property damage policies shall contain a provision that Landlord, although named as an insured, shall nevertheless be entitled to recover recovery under said policies for any loss occasioned to it, its servants, agents and employees by reason of the negligence of Tenant. As often as any such policy shall expire or terminate, renewal or additional policies shall be procured and maintained by the Tenant in like manner and to like extent. All such policies of insurance delivered to Landlord must contain a provision shall provide that the company writing said policy will give to Landlord thirty (30) days days' notice in writing in advance of any cancellation or lapse of or the effective date of any reduction in the amounts of insurance and Tenant shall procure a comparable policy or policies satisfactory to Landlord within said thirty (30) day periodinsurance. All public liability, property damage and other casualty policies shall be written as primary policies, not contributing with and not in excess of coverage which Landlord may carry.

Appears in 1 contract

Samples: E Greetings Network

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