Real Property Insurance. Landlord shall purchase and keep in force policy(ies) of insurance covering loss or damage to the Premises by reason of fire (extended coverage), and those perils included within the classification of “all risks” insurance (with sprinkler damage and other coverages and/or endorsements desired by Landlord), which insurance shall be in the amount of the full replacement value of the Premises as determined by insurance company appraisers or Landlord’s insurance broker; plus Landlord’s liability insurance; plus rental income insurance in the amount of one hundred (100%) percent of up to twelve (12) months Basic Rent (plus sums paid or payable during such period as Additional Rent). Such coverage shall exclude routine maintenance and repairs and incidental damage or destruction caused by accidents or vandalism for which Tenant is responsible under Section 9. Tenant agrees to pay to Landlord in equal estimated monthly installments as Additional Rent in accordance with Section 5. of this Lease the cost of such insurance coverage; or if Tenant does not lease the entire Building, then Tenant’s proportionate share of the cost of such insurance coverage which shall be allocated during the Lease Term to the Premises by building square footage or other equitable basis as calculated and determined solely by Landlord or Landlord’s insurance broker. If such insurance cost is increased due to Tenant’s particular use of the Premises, Tenant agrees to pay to Landlord the full cost of such increase. Tenant shall have no interest in nor any right to the proceeds (or allocation thereof) of any insurance procured by Landlord for or with respect to the Premises.
Real Property Insurance. Landlord shall purchase and keep in force, and as Additional Rent and in accordance with provisions of Paragraph 4E of this Lease, Tenant shall pay to Landlord (or Landlord's agent if so directed by Landlord), Tenant's proportionate share (allocated to the Premises by square footage or other equitable basis as calculated and determined by Landlord) of the deductibles (as provided in such insurance policies to the extent allocable to damage occurring to the Premises or the Common Area and subject to the provisions of Paragraph 25) on insurance claims and the annual cost of the policy or policies of insurance covering loss or damage to the Premises and Complex (excluding routine maintenance and repairs and incidental damage or destruction caused by accidents or vandalism for which Tenant is responsible under Paragraph 9) in the amount of the full replacement value thereof, providing protection against those perils included within the classification of "all risks" insurance and flood and/or earthquake insurance, if available, plus a policy of rental income insurance in the amount of one hundred (100%) percent of twelve (12) months' (i) Basic Rent and (ii) Additional Rent (collectively "Insurance Cost"). Tenant understands that (i) the annual Insurance Cost is subject to change each year (or more frequently if new policies are added or existing policies are replaced), and (ii) Tenant shall be responsible for paying its proportionate share of said total Insurance Cost, including any such increased rates relating thereto as a result of any Excess Insurance Cost (as defined below) resulting from Tenant's particular use of the Premises of Complex. If the Insurance Cost increases due to Tenant's particular use and/or some other tenant's particular use of the Premises or Complex ("Excess Insurance Cost"), (i) Tenant shall be obligated to pay one hundred percent (100%) of said Excess Insurance Cost related to Tenant's particular use, (ii) Tenant shall not be obligated to pay any portion of said Excess Insurance Cost related to some other tenant's particular use, and (iii) Tenant shall be obligated to pay its proportionate share of the total Insurance Cost (excluding any Excess Insurance Cost to be paid by Tenant or any other tenant(s) pursuant to clauses (i) or (ii) above. Landlord agrees to exercise good faith efforts to apply such standards on an equivalent basis to any other tenants of the Complex whose use causes the total Insurance Cost to be disproportionately ...
Real Property Insurance. Landlord shall be solely responsible for procuring and maintaining general property insurance on the Premises. However, if Landlord’s insurance costs are increased due to Tenant’s particular use of the Premises, then Tenant shall pay to Landlord the full cost of such increase attributable to the Tenant’s use of the Premises. Upon any such increase, Tenant shall have the right to research and procure comparable insurance with the same coverage and deductibles as Landlord’s then-current insurance through Tenant’s own means in order to reduce such costs. Tenant shall have no interest in, nor any right to, the proceeds of any insurance procured by Landlord for or with respect to the Premises, except for amounts specifically designated by the carrier as compensation for: (i) tenant improvements installed and paid for by Tenant; (ii) Tenant's furniture, fixtures, and equipment; or (iii) Tenant's moving or relocation costs. Landlord agrees to provide Tenant with any and all related insurance documentation, upon Tenant’s reasonable request.
Real Property Insurance. Tenant shall, at its sole cost and expense and at all times during the Term, provide and keep in full force and effect fire and extended coverage insurance on the Premises with a replacement cost endorsement (if available) in an amount equal to at least eighty percent (80%) of the full replacement cost of the improvements on the Premises, including without limitation all fixtures located on or in the Premises. If the coverage is available and commercially appropriate, such policy or policies shall insure against all risks of direct physical loss or damage (except the perils of flood and/or earthquake) including coverage for any additional costs resulting from debris removal and reasonable amounts of coverage for the endorsement of any ordinance or law regulating the reconstruction or replacement of any undamaged sections of the Premises required to be demolished or removed by reason of the enforcement of any building, zoning, safely or land use laws as the result of a covered cause of loss.
Real Property Insurance. Board shall maintain an "all risk" property policy in an amount not less than one hundred percent (100%) of the full replacement cost of the Leased Premises and to cover its environmental indemnification obligations hereunder. Operator shall secure and maintain for the entire term of this Agreement such insurance policies as will protect itself, the Board (with Board and the County of Archuleta named as axxxxxxxxx insured to the extent permitted by law), and others as specified, from claims for bodily injuries, death, personal injury or property damage arising from its operations hereunder. Board shall also secure and maintain for the entire term of this Agreement such insurance policies, from companies licensed in the State of Colorado, as will protect itself and Operator, for all claims, etc. that can arise from its operation of the Airport, and shall require all others operating at the Airport to so also carry insurance. The insurance coverage required in this section is in addition to any other insurance or security that may be required under other provisions of this Agreement. The provisions, types and limits of coverage shall be amended from time to time to reflect the coverages and limits customarily provided by and deemed necessary by standards of the insurance industry for insured and additional named insured similar in size and business operations to Board and Operator. In no case however, shall the required coverages or limits be less than those required at the inception of this Agreement, except by mutual agreement of the parties.
Real Property Insurance. Notwithstanding Tenant’s obligations related to payment of Additional Rent as set forth in Paragraph 1 (Early Termination of Lease) above, Tenant acknowledges that Tenant has prepaid real property insurance premiums due through March 13, 2019, and that Tenant will not receive any rebate of said prepaid premiums related to the Premises accruing after the Revised Termination Date of July 31, 2018.
Real Property Insurance. Lessee shall provide insurance against loss or damage covering the Real Property or any portion thereof by reason of any Peril (as defined below) in an amount (subject to such deductibles and/or self-insurance in such minimum amounts as is carried by Lessee covering other similar properties); provided, however, that at no time shall the amount of such coverage be less than $2,500,000 for the Real Property. The term “Peril” shall mean, collectively, fire, lightning, flood, windstorm, tornado, hail, explosion, riot and civil commotion, vandalism and malicious mischief, damage from aircraft, vehicles and smoke and all other perils covered by the “all risk endorsement” then in use in the State of West Virginia. Alternatively, at Lessee’s election, such insurance shall be on a coverage form reasonably available in the commercial insurance market at the time of the most recent policy review.
Real Property Insurance. The Borrower has not received any notices from any insurer or its agent requiring performance of any work with respect to the Real Property or cancelling or threatening to cancel any policy of insurance, and the Real Property complies with the requirements of all insurance carriers.
Real Property Insurance. During the Lease Term, Tenant shall, at its cost and expense, maintain “Special Form” property insurance covering loss of or damage to the Building (including all of the Landlord’s Work) in an amount that is no less than the full replacement value thereof on an Agreed Value basis. The property insurance shall be issued on an ISO CP 10 30 form, or such other form that is reasonably acceptable to Landlord. Such policies shall provide protection against all perils included within the classification of fire, flood, earthquake, windstorm, tornado, extended coverage, vandalism, malicious mischief, special extended perils (all risk), mine subsidence, sprinkler leakage and any other perils which Landlord deems reasonably necessary (including, without limitation, such coverages as may be required by Landlord’s mortgage lender or lien holder). In addition, Tenant shall cause such property policy to provide rent loss coverage for the Base Rent and Additional Rent hereunder for a period of two (2) years to cover rental amounts that would otherwise be due hereunder, but for a provision of this Lease affording the Tenant a right to xxxxx rent.
Real Property Insurance. Landlord shall purchase and keep in force policy(ies) of insurance covering loss or damage to the Premises by reason of fire (extended coverage), flood, and those perils included within the classification of "all risks" insurance (with sprinkler damage and other appropriate endorsements), which insurance shall be in the amount of the full replacement value of the Premises as determined by insurance company appraisers or Landlord's insurance broker, plus Landlord's liability insurance; plus rental income insurance in the amount of one hundred (100%) percent of up to twelve (12) months Basic Rent (plus sums paid during such period as Additional Rent). Such coverage shall exclude routine maintenance and repairs and incidental damage or destruction caused by accidents or vandalism for which Tenant is responsible under Section 9. Tenant agrees to pay to Landlord as Additional Rent in accordance with
