RISK COVERED BY INSURANCE Sample Clauses

RISK COVERED BY INSURANCE. 1. If, during the term, the Leased Premises are totally or partially destroyed from a risk covered by the insurance described in Article XIII, rendering the Leased Premises totally or partially inaccessible or unusable, Landlord shall restore the Leased Premises and other improvements in which the Leased Premises are located to substantially the same condition as they were in immediately before destruction. Such destruction shall not terminate this Lease. If the existing laws do not permit the restoration, either party can terminate this Lease immediately by giving notice to the other party. Furthermore, if such restoration can not be accomplished within 90 days from the date of destruction, either party shall have the option to terminate this Lease immediately by giving notice to the other party.
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RISK COVERED BY INSURANCE. (a) If during the Term the Premises is totally or partially destroyed, rendering the Premises totally or partially inaccessible or unusable, Landlord shall, subject to Sections 9.1(b) and 9.1(c), restore the Premises to substantially the same condition as it was in immediately before the destruction. Such destruction shall not terminate this Lease. If, however, then-existing laws do not permit such restoration, Landlord may terminate this Lease by giving written notice to Tenant.
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RISK COVERED BY INSURANCE. Subject to the provisions of Paragraph 14.3 below, if, during the term, 16 the Improvements are totally or partially destroyed by a casualty covered and proceeds paid under the insurance 17 described in Paragraph 13, Tenant shall at its expense (not to exceed the insurance proceeds received by Tenant) repair 18 such destruction as soon as reasonably possible and this Lease shall continue in full force and effect. 19 14.2
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RISK COVERED BY INSURANCE. 1. If, during the term, the Leased Premises or the Building and other improvements in which the Leased Premises are located are totally or partially destroyed from a risk covered by the insurance described in Article XI, rendering the Leased Premises totally or partially inaccessible or unusable, Landlord shall restore the Leased Premises or the Building and other improvements in which the Leased Premises are located to substantially the same condition as they were in immediately before destruction. Such destruction shall not terminate this Lease. If the existing laws do not permit the restoration, either party can terminate this Lease immediately by giving notice to the other party. Furthermore, if such restoration can not be accomplished within 90 days from the date of destruction, either party shall have the option to terminate this Lease immediately by giving notice to the other party.
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RISK COVERED BY INSURANCE. If, during the term, the premises or the Building and other improvements in which the premises are located are totally or partially destroyed from a risk covered by the insurance described in Article XI, rendering the premises totally or partially inaccessible or unusable, Landlord shall restore the premises or the Building and other improvements in which the premises are located to substantially the same condition as they were in immediately before destruction. Such destruction shall not terminate this Lease. If the existing laws do not permit the restoration, either party can terminate this Lease immediately by giving notice to the other party. Furthermore, if such restoration can not be accomplished within 90 days from the date of destruction, either party shall have the option to terminate this Lease immediately by giving notice to the other party. If the projected cost of restoration exceeds the amount of proceeds received from the insurance required under Article XI, Landlord can elect to terminate this Lease by giving notice to Tenant within fifteen (15) days after determining that projected restoration costs will exceed the insurance proceeds. In the case of destruction to the premises only, if Landlord elects to terminate this Lease, Tenant, within fifteen (15) days after receiving Landlord's notice to terminate, can elect to pay to Landlord, at the time Tenant notifies Landlord of its election, the difference between the amount of insurance proceeds and the cost of restoration, in which case Landlord shall restore the premises. Landlord shall give Tenant satisfactory evidence that all sums contributed by Tenant as provided in this paragraph have been expended by Landlord in paying the cost of restoration. If Landlord elects to terminate this Lease and Tenant does not elect to contribute toward the cost of restoration as provided in this paragraph, this Lease shall terminate.
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Related to RISK COVERED BY INSURANCE

  • General Liability Insurance The Contractor must secure and maintain Commercial General Liability Insurance, including bodily injury, property damage, products, personal and advertising injury, and completed operations. This insurance must provide coverage for all claims that may arise from performance of the Contract or completed operations, whether by the Contractor or anyone directly or indirectly employed by the Contractor. Such insurance must include the State of Florida as an additional insured for the entire length of the resulting contract. The Contractor is responsible for determining the minimum limits of liability necessary to provide reasonable financial protections to the Contractor and the State of Florida under the resulting contract.

  • Exception for Amounts Covered by Insurance Notwithstanding the foregoing, the Company shall not be obligated to indemnify the Indemnitee for expenses or liabilities of any type whatsoever (including, but not limited to, judgments, fines, ERISA excise taxes or penalties and amounts paid in settlement) to the extent such have been paid directly to the Indemnitee by D&O Insurance.

  • Indemnity Insurance a. The Service Provider agrees to indemnify and save harmless the City, its officers, agents and employees against and from any and all actions, suits, claims, demands or liability of any character whatsoever brought or asserted for injuries to or death of any person or persons, or damages to property arising out of, result from or occurring in connection with the performance of any service hereunder.

  • OWNER’S LIABILITY INSURANCE The Owner shall be responsible for purchasing and maintaining the Owner’s usual liability insurance.

  • The Commercial General Liability Insurance, Comprehensive Automobile Liability Insurance and Excess Public Liability Insurance policies, if written on a Claims First Made Basis, shall be maintained in full force and effect for two (2) years after termination of this LGIA, which coverage may be in the form of tail coverage or extended reporting period coverage if agreed by the Parties.

  • Contractor’s Liability Insurance Contractor shall purchase and maintain such insurance as will protect Contractor from claims set forth below which may arise out of or result from the Contractor’s operations under the Contract, whether such operations be by Contractor or by any subcontractor or by anyone directly or indirectly employed by Contractor, or by anyone for whose acts any other may be liable:

  • Commercial Umbrella Liability Insurance The Contractor shall provide a Commercial Umbrella Liability Insurance to provide excess coverage above the Commercial General Liability, Commercial Business Automobile Liability and the Workers' Compensation and Employers' Liability to satisfy the minimum limits set forth herein. The umbrella coverage shall follow form with the Umbrella limits required as follows: For Contract Amounts Less For Contract Amounts Equal to or Than $5,000,000.00: Greater than $5,000,000: $ 2,000,000 per Occurrence $2,000,000 per Occurrence $ 4,000,000 Aggregate $10,000,000 Aggregate Additional Requirements for Commercial Umbrella Liability Insurance are shown below at Paragraph 1.5.3.3.6.

  • LESSEE'S LIABILITY INSURANCE The LESSEE shall maintain with respect to the leased premises and the property of which the leased premises are a part comprehensive public liability insurance in the amount of $2,000,000 with property damage insurance in limits of $500,000 in responsible companies qualified to do business in Massachusetts and in good standing therein insuring the LESSOR as well as LESSEE against injury to persons or damage to property as provided. The LESSEE shall deposit with the LESSOR certificates of such insurance at or prior to the commencement of the term, and thereafter within thirty (30) days prior to the expiration of any such policies. All such insurance certificates shall provide that such policies shall not be cancelled without at least ten (10) days prior written notice to each.

  • Employer’s Liability Insurance The Contractor shall also maintain Employer's Liability Insurance Coverage with limits of at least:

  • Liability Insurance To the extent the Company maintains an insurance policy or policies providing directors' and officers' liability insurance, Indemnitee shall be covered by such policy or policies, in accordance with its or their terms, to the maximum extent of the coverage available for any Company director or officer.

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