LESSEE'S INSURANCE definition
LESSEE'S INSURANCE. Consistent with the requirements of paragraph 14, Lessee shall obtain insurance to cover any damage to the premises caused by fire or other casualty due to the deliberate or negligent act of the Lessee or the agents, servants, employees, visitors, or licensees of Lessee.
LESSEE'S INSURANCE. A Commercial general liability policy: $2,000,000.00 limit per occurrence is to be provided to Lessor prior to occupancy . Lessor and Lessor’s property Manager are to be listed as “Additional Insured” and “Certificate Holder” on the policy as follows: Menlo Business Park, LLC and ▇▇▇▇▇▇▇ Properties, Inc., c/o Tarlton Properties, Inc., ▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇, Palo Alto, California 94301. Lessee is only required to add/list these Premises to their existing Commercial general liability policy, providing Lessor with a ‘revised’ policy within thirty (30) days.
LESSEE'S INSURANCE. Lessee, at his/her expense, shall maintain plate glass and public liability insurance, including bodily injury and property damage, insurance, Lessee and Lessor with minimum coverage as follows: of $500,000. Lessee shall provide Lessor with a Certificate of Insurance showing Lessor as additional insured. The policy shall require ten (10) days' written notice to Lessor prior to cancellation or material change of coverage. 12. LESSOR'S INSURANCE: Lessor shall maintain hazard insurance covering one hundred percent (100%) replacement cost of the improvements throughout the Lease term. Lessor's insurance will not insure Lessee's personal property or leasehold improvements.
Examples of LESSEE'S INSURANCE in a sentence
ALL PROPERTY OF THE LESSEE KEPT OR STORED ON THE LEASED PREMISES SHALL BE SO KEPT OR STORED AT THE RISK OF LESSEE, AND LESSEE SHALL HOLD LESSOR HARMLESS FROM ANY CLAIMS ARISING OUT OF DAMAGE TO THE SAME, INCLUDING SUBROGATION CLAIMS BY LESSEES INSURANCE CARRIERS.
LESSEE'S INSURANCE ...................................................................................
More Definitions of LESSEE'S INSURANCE
LESSEE'S INSURANCE the LESSEE shall, at its expense, take out the following insurance policies and maintain them in force throughout the term of the lease, and, where applicable, during any occupancy period prior to the lease starting date if, with the LESSOR's consent, the LESSEE occupies the leased premises before the lease starting date:
13.1.1 an all-risk insurance policy for an amount covering the replacement value of all of the insured property in the leased premises, such as the furniture, leasehold improvements and inventory of goods, belonging to the LESSEE or for which it is responsible. This policy must name the LESSOR and any hypothecary creditor (secured creditor) of the LESSOR, to the extent of their interest, as additional insureds and must include a rider pursuant to which the insurer waives its rights of subrogation against the LESSOR, against any person for whom or which the LESSOR is legally liable and against any hypothecary creditor of the LESSOR, and a rider indicating that the insurer shall give a prior written notice of thirty (30) days to the LESSOR in the EXHIBIT 10.10 event of the cancellation or non-renewal of the policy or a material change in the policy;
13.1.2 a public liability insurance policy covering bodily injury, including death, and third-party property damage for an amount of three million dollars ($3,000,000) per loss. This policy shall cover, among other things, indirect civil liability of owners and entrepreneurs, liability assumed by contract, civil liability for personal injury, civil liability for damage to the leased premises and potential management liability. This policy must name the LESSOR, any person for whom or which it is legally liable as well as the hypothecary creditors of the LESSOR as additional insureds, include a clause of reciprocal liability, a rider pursuant to which the insurer waives its rights of subrogation against the LESSOR, against any person for whom or which the LESSOR is legally liable and against the hypothecary creditors of the LESSOR, as well as a rider indicating that the insurer shall give a prior written notice of thirty (30) days to the LESSOR in the event of the cancellation or non-renewal of the policy or a material change in the policy; and
13.1.3 any other insurance the LESSOR may reasonably require from time to time.
LESSEE'S INSURANCE. On or before the earlier to occur of (i) the Commencement Date, or (ii) the date Lessee commences any work of any type in the Premises pursuant to this Lease (which may be prior to the Commencement Date), and continuing throughout the entire Term hereof and any other period of occupancy, Lessee agrees to keep in full force and effect, at it sole cost and expense, the insurance specified on Exhibit "D" attached hereto. Lessor reserves the right to require any other form or forms of insurance as Lessee or Lessor or any mortgagees of Lessor may reasonably require from time to time in form, in amounts, and for insurance risks against which, a prudent lessee would protect itself, but only to the extent coverage for such risks and amounts are available in the insurance market at commercially acceptable rates. Lessor makes no representation that the limits of liability required to be carried by Lessee under the terms of this Lease are adequate to protect Lessee's interests and Lessee should obtain such additional insurance or increased liability limits as Lessee deems appropriate.
LESSEE'S INSURANCE. Lessee, as a material part of the consideration to be rendered to Lessor, hereby waives all claims against Lessor and Lessor's Agents for damages to goods, wares and merchandise, and all other personal property in, upon or about said Premises, and for injuries to persons in, upon or about said Premises, from any cause arising at any time, and Lessee will hold Lessor and Lessor's Agents exempt and harmless from any damage or injury to any person, or to the goods, wares and merchandise and all other personal property of any person, arising from the use or occupancy of the Premises by Lessee, or from the failure of Lessee to keep the Premises in good condition and repair, as herein provided. Lessee shall secure and keep in force a standard policy of commercial general liability insurance and property damage policy covering the Premises, including parking areas, insuring the Lessee. A certificate of said policy naming Lessor as an additional insured shall be delivered to Lessor and will have a combined single limit for both bodily injury, death and property damage in an amount not less than five million dollars ($5,000,000.00). The limits of said insurance shall not, however, limit the liability of Lessee hereunder. Lessee shall obtain a written obligation on the part of the insurer to notify Lessor 30 days in advance in writing before any cancellation thereof. Lessee shall obtain, at Lessee's sole cost and expense, a policy of fire and extended coverage insurance including coverage for direct physical loss special form, and a sprinkler leakage endorsement insuring the personal property of Lessee. The proceeds from any personal property damage policy shall be payable to Lessee. Lessee shall, at its sole cost and expense, comply with all of the insurance requirements of all local, municipal, state and federal authorities now in force, or which may hereafter be in force, pertaining to Lessee's use and occupancy of the said Premises.