Common use of Tenant’s Liability Insurance Clause in Contracts

Tenant’s Liability Insurance. Throughout the Term, Tenant, at its sole cost and expense, shall keep or cause to be kept for the mutual benefit of Landlord, Landlord's Property Manager (presently Banyan Street Realty Services, and its affiliates), and Tenant, Commercial General Liability Insurance (1986 ISO Form or its equivalent) with a combined single limit, each occurrence and general aggregate-per location of at least Two Million and No/100 Dollars ($2,000,000.00), which policy shall insure against liability of Tenant, arising out of and in connection with Tenant's use of the Premises, and which shall insure the indemnity provisions contained in this Lease. Not more frequently than once every three (3) years, Landlord may require the limits to be increased to commercially reasonable levels if in its reasonable judgment (or that of its mortgagee) the coverage is insufficient.

Appears in 1 contract

Samples: Office Lease (Autobytel Inc)

Tenant’s Liability Insurance. Throughout the Term, Tenant, at its sole cost and expense, shall keep or cause to be kept for the mutual benefit of Landlord, Landlord's Property Manager Manager, (presently Banyan Street Realty Services, HIGHWOODS REALTY LIMITED PARTNERSHIP and its affiliates ), ) and Tenant, Commercial General Liability Insurance (1986 ISO Form or its equivalent) with a combined single limit, each occurrence Occurrence and general aggregate General Aggregate-per location of at least Two Million and No/100 Dollars TWO MILLION DOLLARS ($ 2,000,000.00 2,000,000), which policy shall insure against liability of Tenant, arising out of and in connection with Tenant's use of the Premises, and which shall insure the indemnity provisions contained in this Lease. Not more frequently than once every three (3) years, Landlord may require the limits to be increased to commercially reasonable levels if in its reasonable judgment (or that of its mortgagee) the coverage is insufficient.

Appears in 1 contract

Samples: Office Lease (Biotel Inc.)

Tenant’s Liability Insurance. Throughout the Term, Tenant, at its sole cost and expense, shall keep or cause to be kept for the mutual benefit of Landlord, Landlord's Property Manager (presently Banyan Street Realty Services, and its affiliates) Manager, and Tenant, Commercial General Liability Insurance (1986 ISO Form or its equivalent) with a combined single limit, each occurrence Occurrence and general aggregate General Aggregate-per location of at least Two Million and No/100 Dollars ($ 2,000,000.00 2,000,000), which policy shall insure against liability of Tenant, arising out of and in connection with Tenant's use of the Premises, and which shall insure the indemnity provisions contained in this Lease. Not more frequently than once every three (3) years, Landlord may require the limits to be increased to commercially reasonable levels if in its reasonable judgment (or that of its mortgagee) the coverage is insufficient. insufficient provided the increase reflects amounts of coverage customarily maintained by prudent tenants of comparable Class A office buildings in the Innsbrook Office Park..

Appears in 1 contract

Samples: Saxon Capital Inc

Tenant’s Liability Insurance. Throughout the Term, Tenant, at its sole cost and expense, shall keep or cause to be kept for the mutual benefit of Landlord, Landlord's Property Manager (presently Banyan Street Realty Services, and its affiliates) property manager, and Tenant, Commercial General Liability Insurance (1986 ISO Form or its equivalent) with a combined single limit, each occurrence Occurrence and general aggregate General Aggregate-per location of at least Two Million and No/100 Dollars TWO MILLION DOLLARS ($ 2,000,000.00 2,000,000), which policy shall insure against liability of Tenant, arising out of and in connection with Tenant's use of the Premises, and which shall insure the indemnity provisions contained in this Lease. Not more frequently than once every three (3) years, Landlord may require the limits to be increased to commercially reasonable levels if in its reasonable judgment (or that of its mortgagee) the coverage is insufficient.

Appears in 1 contract

Samples: Industrial Lease (Sed International Holdings Inc)

Tenant’s Liability Insurance. Throughout the Term, Tenant, at its sole cost and expense, shall keep or cause to be kept for the mutual benefit of Landlord, Landlord 's ’s Property Manager Manager, (presently Banyan Street Realty Services HIGHWOODS REALTY LIMITED PARTNERSHIP, and its affiliates) , any mortgagee of Landlord, and Tenant, Commercial General Liability Insurance (1986 ISO Form or its equivalent) with a combined single limit, each occurrence Occurrence and general aggregate-per location General Aggregate of at least Two Million and No/100 Dollars TWO MILLION DOLLARS ($ 2,000,000.00 2,000,000), plus an umbrella with coverage of at least FOUR MILLION DOLLARS ($4,000,000), which policy policies shall insure against liability of Tenant, arising out of and in connection with Tenant 's ’s use of the Premises, and which shall insure the indemnity provisions contained in this Lease. Not more frequently than once every three (3) years, Landlord may require the limits to be increased to commercially reasonable levels if in its reasonable judgment (or that of its mortgagee) the coverage is insufficient insufficient based on, among other considerations, the coverages maintained or required to be maintained by landlords of similar space in the locality where the Premises are located. Without Tenant’s written consent, such insurance coverage limits may not be increased by more than 100% during the Term (including all extension terms), provided, however, Tenant’s consent shall not be necessary and the foregoing limit shall not apply in the event any lender or mortgagee of Landlord requires all tenants in the Building to maintain higher coverages of such insurance, or such additional coverage is required as a result of Tenant’s specific operations in the Premises, but only to the extent any such increases are comparable to then prevailing coverages required of tenants engaged in biotechnology or similar uses by lenders or mortgagees of similarly situated properties in the same geographic region or state in which the Premises are located and only to the extent such increased coverages are available to Tenant with the exercise of commercially reasonable efforts and at commercially reasonable rates.

Appears in 1 contract

Samples: Lease Agreement (Tengion Inc)

Tenant’s Liability Insurance. Throughout the Term, Tenant, at its sole cost and expense, shall keep or cause to be kept for the mutual benefit of Landlord, Landlord 's ’s Property Manager (presently Banyan Street Realty Services, and its affiliates) Manager, and Tenant, Commercial General Liability Insurance (1986 ISO Form or its equivalent) with a combined single limit, each occurrence Occurrence and general aggregate-per location General Aggregate of at least Two Million and No/100 Dollars TWO MILLION DOLLARS ($ 2,000,000.00 2,000,000), which policy shall insure against liability of Tenant, arising out of and in connection with Tenant 's ’s use of the Premises , and which shall insure the indemnity provisions contained in this Lease . Not more frequently than once every three (3) years, Landlord may require the limits to be increased to commercially reasonable levels if in its reasonable judgment (or that of its mortgagee) the coverage is insufficient.

Appears in 1 contract

Samples: Amendment to Lease Agreement (PBSJ Corp /Fl/)

Tenant’s Liability Insurance. Throughout the Term, Tenant, at its sole cost and expense, shall keep or cause to be kept for the mutual benefit of Landlord, Landlord 's ’s Property Manager (presently Banyan Street Realty Services Manager, and its affiliates) any mortgagee, ground lessor or master lessor, and Tenant, Commercial General Liability Insurance ( 1986 ISO CGL Form CG0001 or its equivalent) with a combined single limit, each occurrence Occurrence and general aggregate General Aggregate-per location of at least Two Million and No/100 Dollars TWO MILLION DOLLARS ($ 2,000,000.00 2,000,000), which policy shall insure against liability of Tenant, arising out of and in connection with Tenant 's ’s use of the Premises, and which shall insure the indemnity provisions contained in this Lease Lease and delete contractual liability exclusions for personal injury and advertising injury liability. Not more frequently than once every three (3) years, Landlord may require the limits to be increased to commercially reasonable levels if in its reasonable judgment (or that of its mortgagee) the coverage is insufficient , provided that such increased coverage is commercially reasonable in relation to other office space in class “A” office buildings in the New Tampa area.

Appears in 1 contract

Samples: Syniverse Technologies Inc