Common use of Property Coverage Clause in Contracts

Property Coverage. Landlord, through ▇▇▇▇▇, shall obtain and maintain in force an “all-risk type” or equivalent policy form, and shall include fire, theft, extended coverages, vandalism and malicious mischief on the Building during the Lease period and any extension thereof. At the Landlord’s discretion coverage for flood and earthquake may be obtained if commercially available at reasonable rates. Such insurance shall also include coverage against loss of rental income. Tenant shall pay Landlord as an expense covered in Basic Costs the cost to purchase the insurance called for in this paragraph.

Property Coverage. Landlord, through ▇▇▇▇▇, Landlord shall obtain and maintain in force an “all-risk type” or equivalent policy form"All Risk" insurance, and shall include fire, theft, extended coverages, including vandalism and malicious mischief on mischief, required to cover any loss or destruction that the Building Leased Premises herein may experience during the Lease period and any extension thereof. At the , and including, at Landlord’s discretion coverage for 's discretion, flood and earthquake may be obtained coverage if commercially available at reasonable rates. Such insurance shall also include coverage against loss of rental incomerents. Tenant shall pay Landlord Landlord, as an expense covered in Basic Costs the cost a separate consideration, all reasonable costs to purchase the insurance called for in this paragraphparagraph on the Leased Premises.