Common use of Tenant’s Insurance Coverages Clause in Contracts

Tenant’s Insurance Coverages. Tenant will maintain Tenant's Insurance Coverages at all times during the Term. Tenant's Insurance Coverages shall be maintained with an insurance carrier licensed to do business in Connecticut and Approved of in advance by Landlord, Landlord's Approval not to be unreasonably withheld OR DELAYED and to be based on whether the insurance carrier maintains a rating reasonably satisfactory to Landlord from a rating service such as A.M. Best. Landlord may require Tenant to name Landlord as an additional insured on Tenant's public liability policy and as a loss payee (to the extent of damage to the realty) on Tenant's property insurance policy. Landlord may require Tenant to provide Landlord with a copy of the policy or policies evidencing Tenant's Insurance Coverages and Tenant shall provide Landlord (prior to the Actual Commencement Date) with a certificate whereby the insurance carrier agrees not to cancel or fail to renew its coverage unless at least 15 days advance Notice is provided to Landlord. If Tenant shall fail to procure Tenant's Insurance Coverages or provide Landlord with the copy of an insurance policy or a certificate of insurance, as Landlord may request under the provisions of this paragraph, Landlord may procure, but without any obligation to do so, any Tenant's Insurance Coverages and Tenant will pay Landlord the reasonable cost of the same. Tenant's Insurance Coverages are the following insurance coverages, or such lesser coverages as Landlord may approve of in advance: (a) General public liability insurance coverage in at least the single limit amount of $500,000, with reasonable deductible, insuring Tenant against all personal injury and property damage claims arising out of any act or omission of Tenant at the Leased Premises and such personal injury and property damage claims for which Tenant is required to indemnify Landlord under the provisions of this Lease. (b) All-risk property insurance insuring at least the full replacement value (less a commercially reasonable deductible not to exceed $2,000) of all of Tenant's personal property at the Leased Premises and all fixtures and improvements forming a part of and located within the boundaries of the Leased Premises.

Appears in 1 contract

Sources: Commercial Lease (Clayton Holdings Inc)

Tenant’s Insurance Coverages. Tenant will maintain Tenant's Insurance Coverages at all times during the Term. Tenant's Insurance Coverages shall be maintained with an insurance carrier licensed to do business in Connecticut and Approved of in advance by Landlord, Landlord's Approval not to be unreasonably withheld OR DELAYED and to be based on whether the insurance carrier maintains a rating reasonably satisfactory to Landlord from a rating service such as A.M. Best. Landlord may require Tenant to name Landlord as an additional insured on Tenant's public liability policy and as a loss payee (to the extent of damage to the realty) on of Tenant's property insurance policy. Landlord may require Tenant to provide Landlord with a copy of the policy or policies evidencing Tenant's Insurance Coverages and Tenant shall provide Landlord (prior to the Actual Commencement Date) with a certificate whereby the insurance carrier agrees not to cancel or fail to renew its coverage unless at least 15 days advance Notice is provided to Landlord. If Tenant shall fail to procure Tenant's Insurance Coverages or provide Landlord with the copy of an insurance policy or a certificate of insurance, as Landlord may request under the provisions of this paragraph, Landlord may procure, but without any obligation to do so, any Tenant's Insurance Coverages and Tenant will pay Landlord the reasonable cost of the same. Tenant's Insurance Coverages are the following insurance coverages, or such lesser coverages as Landlord may approve of in advance: (a) General public liability insurance coverage in at least the single limit amount of $500,000, with reasonable without deductible, insuring Tenant against all personal injury and property damage claims arising out of any act or omission of Tenant at the Leased Premises Project and such personal injury and property damage claims for which Tenant is required to indemnify Landlord under the provisions of this Lease. (b) All-risk property insurance insuring at least the full replacement value (less a commercially reasonable deductible not to exceed $2,000) of all of Tenant's personal property at the Leased Premises Project and all fixtures and improvements forming a part of and located within the boundaries of the Leased Premises.

Appears in 1 contract

Sources: Commercial Lease (Intek Information Inc)

Tenant’s Insurance Coverages. Tenant will maintain Tenant's ’s Insurance Coverages at all times during the Term. Tenant's ’s Insurance Coverages shall be maintained with an insurance carrier licensed to do business in Connecticut and Approved approved of in advance by Landlord, Landlord's Approval ’s approval not to be unreasonably withheld OR DELAYED and to be based on whether the insurance carrier maintains a rating reasonably satisfactory to Landlord from a rating service such as A.M. Best. Landlord Tenant may require Tenant to name Landlord as self-insure or insure with an additional insured on Tenant's public liability policy and as a loss payee (insurance company owned by Foundation Health Systems, Inc., with Landlord’s reasonable consent subject to the extent provisions of damage to this Article VIII, it being agreed, however, that Tenant may in all events self-insure the realtyrisks that would be covered under paragraph 8.01(b) on Tenant's property insurance policybelow. Landlord may require Tenant to provide Landlord with a copy certificate of insurance reflecting the policy or policies evidencing Tenant's Insurance Coverages and Tenant shall provide Landlord (prior to coverages required in the Actual Commencement Date) with a certificate Lease whereby the insurance carrier agrees not to cancel or fail to renew its coverage unless at least 15 days advance Notice is provided to LandlordLandlord except 10 days for non-payment of premium. If Tenant shall fail to procure Tenant's ’s Insurance Coverages or provide Landlord with the copy of an insurance policy or a certificate of insurance, as Landlord may request under the provisions of this paragraph, Landlord may procure, but without any obligation to do so, any Tenant's ’s Insurance Coverages and Tenant will pay Landlord the reasonable cost of the same. Tenant's ’s Insurance Coverages are the following insurance coverages, or such lesser coverages as Landlord may approve of in advance: (a) General public liability insurance coverage in at least the single limit amount of $500,000, with a commercially reasonable deductible, insuring Tenant against all personal injury and property damage claims arising out of any act or omission of Tenant at the Leased Premises Project and such personal injury and property damage claims for which Tenant is required to indemnify Landlord under the provisions of this Lease. (b) All-risk property insurance insuring at least the full replacement value (less a commercially reasonable deductible not to exceed $2,000) of all of Tenant's personal property at the Leased Premises and all fixtures and improvements forming a part of and located within the boundaries of the Leased Premises.

Appears in 1 contract

Sources: Commercial Lease (Health Net Inc)

Tenant’s Insurance Coverages. Tenant will maintain Tenant's Insurance Coverages at all times during the Term. Tenant's Insurance Coverages shall be maintained with an insurance carrier licensed to do business in Connecticut and Approved of in advance by Landlord, Landlord's Approval not to be unreasonably withheld OR DELAYED and to be based on whether the insurance carrier maintains a rating reasonably satisfactory to Landlord from a rating service such as A.M. Best. Landlord may require Tenant to name Landlord as an additional insured on Tenant's public liability policy and as a loss payee (to the extent of damage to the realty) on Tenant's property insurance policy. Landlord may require Tenant to provide Landlord with a copy of the policy or policies evidencing Tenant's Insurance Coverages and Tenant shall provide Landlord (prior to the Actual Commencement Date) with a certificate whereby the insurance carrier agrees not to cancel or fail to renew its coverage unless at least 15 days advance Notice is provided to Landlord. If Tenant shall fail to procure Tenant's Insurance Coverages or provide Landlord with the copy of an insurance policy or a certificate of insurance, as Landlord may request under the provisions of this paragraph, Landlord may procure, but without any obligation to do so, any Tenant's Insurance Coverages and Tenant will pay Landlord landlord the reasonable cost of the same. Tenant's Insurance Coverages are the following insurance coverages, or such lesser coverages as Landlord may approve of in advance: (a) General public liability insurance coverage in at least the single limit amount of $500,000, with reasonable without deductible, insuring Tenant against all personal injury and property damage claims arising out of any act or omission of Tenant at the Leased Premises Project and such personal injury and property damage claims for which Tenant is required to indemnify Landlord under the provisions of this Lease. (b) All-risk property insurance insuring at least the full replacement value (less a commercially reasonable deductible not to exceed $2,000) of all of Tenant's personal property at the Leased Premises Project and all fixtures and improvements forming a part of and located within the boundaries of the Leased Premises.

Appears in 1 contract

Sources: Commercial Lease (Linkon Corp)

Tenant’s Insurance Coverages. Tenant will maintain Tenant's Insurance Coverages at all times during the Term. Tenant's Insurance Coverages shall be maintained with an insurance carrier licensed to do business in Connecticut and Approved of in advance by Landlord, Landlord's Approval not to be unreasonably withheld OR DELAYED and to be based on whether the insurance carrier maintains a rating reasonably satisfactory to Landlord from a rating service such as A.M. Best. Landlord may require Tenant to name Landlord as an additional insured on Tenant's public liability policy and as a loss payee (to the extent of damage to the realty) on Tenant's property insurance policy. Landlord may require Tenant to provide Landlord with a copy of the policy or policies evidencing Tenant's Insurance Coverages and Tenant shall provide Landlord (prior to the Actual Commencement Date) with a certificate whereby the insurance carrier agrees not to cancel or fail to renew its coverage unless at least 15 days advance Notice is provided to Landlord. If Tenant shall fail to procure Tenant's Insurance Coverages or provide Landlord with the copy of an insurance policy or a certificate of insurance, as Landlord may request under the provisions of this paragraph, Landlord may procure, but without any obligation to do so, any Tenant's Insurance Coverages and Tenant will pay Landlord the reasonable cost of the same. Tenant's Insurance Coverages are the following insurance coverages, or such lesser coverages as Landlord may approve of in advance: (a) General public liability insurance coverage in at least the single limit amount of $500,000, with reasonable without deductible, insuring Tenant against all personal injury and property damage claims arising out of any act or omission of Tenant at the Leased Premises and such personal injury and property damage claims for which Tenant is required to indemnify Landlord under the provisions of this Lease. (b) All-risk property insurance insuring at least the full replacement value (less a commercially reasonable deductible not to exceed $2,000) of all of Tenant's personal property at the Leased Premises Project and all fixtures and improvements forming a part of and located within the boundaries of the Leased Premises.

Appears in 1 contract

Sources: Commercial Lease (Linkon Corp)

Tenant’s Insurance Coverages. Tenant will maintain Tenant's Insurance Coverages at all times during the Term. Tenant's Insurance Coverages shall be maintained with an insurance carrier licensed to do business in Connecticut and Approved of in advance by Landlord, Landlord's Approval not to be unreasonably withheld OR DELAYED or delayed and to be based on whether the insurance carrier maintains a rating reasonably satisfactory to Landlord from a rating service such as A.M. Best. Landlord may require Tenant to name Landlord as an additional insured on Tenant's public liability policy and as a loss payee (to the extent of damage to the realty) on Tenant's property insurance policy. Landlord may require Tenant to provide Landlord with a copy of the policy or policies evidencing Tenant's Insurance Coverages and Tenant shall provide Landlord (prior to the Actual Commencement Date) with a certificate whereby the insurance carrier agrees not to cancel or fail to renew its coverage unless at least 15 days advance Notice is provided to Landlord. If Tenant shall fail to procure Tenant's Insurance Coverages or provide Landlord with the copy of an insurance policy or a certificate of insurance, as Landlord may request under the provisions of this paragraph, Landlord may procure, but without any obligation to do so, any Tenant's Insurance Coverages and Tenant will pay Landlord the reasonable cost of the same. Tenant's Insurance Coverages are the following insurance coverages, or such lesser coverages as Landlord may approve of in advance: (a) General public liability insurance coverage in at least the single limit amount of $500,000, with reasonable deductible, insuring Tenant against all personal injury and property damage claims arising out of any act or omission of Tenant at the Leased Premises and such personal injury and property damage claims for which Tenant is required to indemnify Landlord under the provisions of this Lease. (b) All-risk property insurance insuring at least the full replacement value (less a commercially reasonable deductible not to exceed $2,000) of all of Tenant's personal property at the Leased Premises and all fixtures and improvements forming a part of and located within the boundaries of the Leased Premises.,

Appears in 1 contract

Sources: Assignment of Lease (Clayton Holdings Inc)