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 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 requires 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. 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 fifteen (15) days advance Notice is provided to Landlord. If Tenant shall fail to procure Tenant's Insurance Coverages or provide Landlord with a certificate of insurance, as Landlord may request under the provisions of this Section, possession of the premises will not be delivered to Tenant. 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.

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 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 requires 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. 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 fifteen (15) days advance Notice is provided to Landlord. If Tenant shall fail to procure Tenant's Insurance Coverages or provide Landlord with a certificate of insurance, as Landlord may request under the provisions of this Section, possession of the premises will not be delivered to Tenant. , 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.