Common use of Taxes and Insurance Clause in Contracts

Taxes and Insurance. During the term of this contract, the Landlord shall pay all taxes and assessments imposed on the Premises. Any insurance that the Landlord may obtain on the Premises is for the benefit of the Landlord, not the benefit of the NPO. Landlord shall not provide either any liability insurance to protect NPO or insurance against loss or damage to NPO's property. The NPO shall obtain insurance at NPO's sole expense. NPO shall purchase and maintain insurance coverage for not less than the following: Commercial General Liability, covering:  Premises/operations  Products/completed operations (two years minimum, from project completion)  Broad form property damage  Contractual liability  Independent contractors, if any are used in the performance of this contract  City of Durham must be named additional insured, and an original of the endorsement to effect the coverage must be attached to the certificate (if by blanket endorsement, then agent may so indicate in the GL section of the certificate, in lieu of an original endorsement)  Combined single limit not less than $1,000,000 per occurrence, with an annual aggregate on not less than $2,000,000.

Taxes and Insurance. During the term of this contract, the Landlord shall pay all taxes and assessments imposed on the Premises. Any insurance that the Landlord may obtain on the Premises is for the benefit of the Landlord, not the benefit of the NPO. Landlord shall not provide either any liability insurance to protect NPO or insurance against loss or damage to NPO's property. The NPO shall obtain insurance at NPO's sole expense. NPO shall purchase and maintain insurance coverage for not less than the following: Commercial General Liability, covering:  • Premises/operations  • Products/completed operations (two years minimum, from project completion)  • Broad form property damage  • Contractual liability  • Independent contractors, if any are used in the performance of this contract  • City of Durham must be named additional insured, and an original of the endorsement to effect the coverage must be attached to the certificate (if by blanket endorsement, then agent may so indicate in the GL section of the certificate, in lieu of an original endorsement)  • Combined single limit not less than $1,000,000 per occurrence, with an annual aggregate on not less than $2,000,000.