Common use of Property and Rental Income Insurance Clause in Contracts

Property and Rental Income Insurance. During the Lease Term, Landlord shall maintain policies of insurance covering loss of or damage to the Property in the full amount of its replacement value. Such policy shall contain an Inflation Guard Endorsement and shall provide protection against all perils included within the classification of fire, extended coverage, vandalism, malicious mischief, special extended perils (all risk), sprinkler leakage and any other perils which Landlord deems reasonably necessary. Landlord shall have the right to obtain flood and earthquake insurance if required by any lender holding a security interest in the Property after Landlord has attempted in a good faith and reasonable manner, to cause such Lender not to require such insurance. Otherwise, Landlord shall have no right to obtain Earthquake Insurance. In no event shall Tenant be responsible for any deductible on Earthquake Insurance. Landlord shall not obtain insurance for Tenant’s fixtures or equipment or building improvements installed by Tenant on the Property. During the Lease Term, Landlord shall also maintain a rental income insurance policy, with loss payable to Landlord, in an amount equal to one year’s Base Rent, plus estimated real property taxes and insurance premiums. Tenant shall be liable for the payment of any deductible amount under Landlord’s or Tenant’s insurance policies maintained pursuant to this Section 4.04, in an amount not to exceed Five Thousand Dollars ($5,000.00). Tenant shall not do or permit anything to be done which invalidates any such insurance policies.

Property and Rental Income Insurance. During the Lease Term, Landlord shall maintain policies of insurance covering loss of or damage to the Property in the full amount of its replacement value. Such policy shall contain an Inflation inflation Guard Endorsement and shall provide protection against all perils included within the classification of fire, extended coverage, vandalism, malicious mischief, special extended perils (all risk), sprinkler leakage and any other perils which Landlord deems reasonably necessary. Landlord shall have the right to obtain flood and earthquake insurance if required by any lender holding a security interest in the Property after Landlord has attempted in a good faith and reasonable manner, to cause such Lender not to require such insurance. Otherwise, Landlord shall have no right to obtain Earthquake Insurance. In no event shall Tenant be responsible for any deductible on Earthquake InsuranceProperty. Landlord shall not obtain insurance for Tenant’s 's fixtures or equipment or building improvements installed by Tenant on the Property. During the Lease Term, Landlord shall also maintain a rental income insurance policy, with loss payable to Landlord, in an amount equal to one (1) year’s 's Base Rent, plus estimated real property taxes Real Property Tax and insurance premiums. Tenant shall be liable for the payment of any deductible amount under Landlord’s 's or Tenant’s 's insurance policies maintained pursuant to this Section 4.044.4, in an amount not to exceed Five Thousand Dollars TWENTY-FIVE THOUSAND DOLLARS ($5,000.0025,000.00). Tenant shall not knowingly do or permit anything to be done which invalidates any such insurance policies. If Tenant notifies Landlord that it is able to obtain a policy of insurance complying with this Section and subsection (d)below at a lower premium than being paid for Landlord's policy, Landlord shall cause the cancellation of its own policy and Landlord's policy shall be substituted with the policy obtained by Tenant.

Property and Rental Income Insurance. During the Lease Term, Landlord shall maintain policies of insurance covering loss of or damage to the Property in the full amount of its replacement value. Such policy shall contain an Inflation Guard Endorsement and shall provide protection against all perils included within the classification of fire, extended coverage, vandalism, malicious mischief, special extended perils (all risk), sprinkler leakage and any other perils which Landlord deems reasonably necessary. Landlord shall have the right to obtain flood and earthquake insurance if required by any lender holding a security interest in the Property after Landlord has attempted in a good faith and reasonable manner, to cause such Lender not to require such insurance. Otherwise, Landlord shall have no right to obtain Earthquake Insurance. In no event shall Tenant be responsible for any deductible on Earthquake Insurance. Landlord shall not obtain insurance for Tenant’s 's fixtures or equipment or building improvements installed by Tenant on the Property. During the Lease Term, Landlord shall also maintain a rental income insurance policy, with loss payable to Landlord, in an amount equal to one year’s 's Base Rent, plus estimated real property taxes and insurance premiums. Tenant shall be liable for the payment of any deductible amount under Landlord’s 's or Tenant’s 's insurance policies maintained pursuant to this Section 4.04, in an amount not to exceed Five Fifteen Thousand Dollars ($5,000.0015,000.00). Tenant shall not do or permit anything to be done which invalidates any such insurance policies.

Property and Rental Income Insurance. During the Lease Term, Landlord shall maintain policies of insurance covering loss of or damage to the Property in the full amount of its replacement value. Such policy shall contain an Inflation Guard Endorsement and shall provide protection against all perils included within the classification of fire, extended coverage, vandalism, malicious mischief, special extended perils (all risk), sprinkler leakage and any other perils which Landlord deems reasonably necessary. Landlord shall have the right to obtain flood and earthquake insurance if required by any lender holding a security interest in the Property after Landlord has attempted in a good faith and reasonable manner, to cause such Lender not to require such insurance. Otherwise, Landlord shall have no right to obtain Earthquake Insurance. In no event shall Tenant be responsible for any deductible on Earthquake InsuranceProperty. Landlord shall not obtain insurance for Tenant’s 's fixtures or equipment or building improvements installed by Tenant on the Property. During the Lease Term, Landlord shall also maintain a rental income insurance policy, with loss payable to Landlord, in an amount equal to one year’s 's Base Rent, plus estimated real property taxes and insurance premiums. Tenant shall be liable for the payment of any deductible amount under Landlord’s 's or Tenant’s 's insurance policies maintained pursuant to this Section 4.04, in an amount not to exceed Five Ten Thousand Dollars ($5,000.0010,000.00). Notwithstanding the foregoing, for policies maintained by Landlord, Tenant shall pay Tenant's pro rata share of the deductible unless the claim is caused by any act or omission of Tenant in which case Tenant shall be liable for 100% of the deductible amount. Tenant shall not do or permit anything to be done which invalidates any such insurance policies.. (c)

Property and Rental Income Insurance. During the Lease Term, Landlord shall maintain policies of insurance covering loss of or damage to the Property in the full amount of its replacement value. Such policy shall contain an Inflation inflation Guard Endorsement and shall provide protection against all perils included within the classification of fire, extended coverage, vandalism, malicious mischief, special extended perils (all risk), sprinkler leakage and any other perils which Landlord deems reasonably necessary. Landlord shall have the right to obtain flood and earthquake insurance if required by any lender holding a security interest in the Property after Landlord has attempted in a good faith and reasonable manner, to cause such Lender not to require such insurance. Otherwise, Landlord shall have no right to obtain Earthquake Insurance. In no event shall Tenant be responsible for any deductible on Earthquake InsuranceProperty. Landlord shall not obtain insurance for Tenant’s 's fixtures or equipment or building improvements installed by Tenant on the Property. During the Lease Term, Landlord shall also maintain a rental income insurance policy, with loss payable to Landlord, in an amount equal to one (1) year’s 's Base Rent, plus estimated real property taxes and insurance premiums. Tenant shall be liable for the payment of any deductible amount under Landlord’s 's or Tenant’s 's insurance policies maintained pursuant to this Section 4.04, in an amount not to exceed Five Thousand Dollars TWENTY THOUSAND DOLLARS ($5,000.0020,000.00). Tenant shall not do or permit anything to be done which invalidates any such insurance policies. Tenant shall also maintain policies of insurance covering loss of or damage to Tenant's contents, including inventory, in the full amount of its value. Such policies shall provide protection against all perils included within the classification of fire, extended coverage, sprinkler leakage and special extended perils (all risk).

Property and Rental Income Insurance. During the Lease Term, Landlord shall maintain policies of insurance covering loss of or damage to the Property in the full amount of its replacement value. Such policy shall contain an Inflation Guard Endorsement and shall provide protection against all perils included within the classification of fire, extended coverage, vandalism, malicious mischief, special extended perils (all risk), sprinkler leakage and any other perils which Landlord deems reasonably necessary. Landlord shall have the right to obtain flood and earthquake insurance if required by any lender holding a security interest in the Property after Landlord has attempted in a good faith and reasonable manner, to cause such Lender not to require such insurance. Otherwise, Landlord shall have no right to obtain Earthquake Insurance. In no event shall Tenant be responsible for any deductible on Earthquake Insurance. Landlord shall not obtain insurance for Tenant’s 's fixtures or equipment or building improvements installed by Tenant on the Property. During the Lease Term, Landlord shall also maintain a rental income insurance policy, with loss payable to Landlord, in an amount equal to one year’s 's Base Rent, plus estimated real property taxes and insurance premiums. Tenant shall be liable for the payment of any deductible amount under Landlord’s 's or Tenant’s 's insurance policies maintained pursuant to this Section 4.04, 4.04 in an amount not to exceed Five Ten Thousand Dollars ($5,000.0010,000.00). Tenant shall not do or permit anything to be done which invalidates any such insurance policies.