Lessee’s Insurance a. Lessee covenants to provide at Lessee's cost and expense on or before the earlier of (i) the Commencement Date, or (ii) Lessee's taking actual possession for the purpose of completing any improvement work, and to keep in full force and effect during the entire Term and so long thereafter as Lessee, or anyone claiming by, through or under Lessee, shall occupy the Premises, insurance coverage as follows:
Lessee’s Insurance a) The Lessee shall throughout the Term, at its own cost and expense, take out and keep in full force and effect the following insurance:
Lessee’s Insurance a. Lessee shall, at Lessee's expense, obtain and keep in force during the Term a policy of commercial general liability insurance, including the broad form endorsement, insuring Lessor and Lessee against any liability arising out of the ownership, use, occupancy, maintenance, repair or improvement of the Premises and all areas appurtenant thereto. Such insurance shall provide single limit liability coverage of not less than Three Million Dollars ($3,000,000.00) per occurrence for bodily injury or death and property damage. Such insurance shall name Lessor and, at Lessor's request, Lessor's mortgagee, each as an additional insured, and shall provide that Lessor and any such mortgagee, although an additional insured, may recover for any loss suffered by Lessor or Lessor's agents by reason of Lessee's or Lessee's Agent's negligence. All such insurance shall be primary and noncontributing with respect to any insurance maintained by Lessor and shall specifically insure Lessee's performance of the indemnity and hold harmless agreements contained in Article 14 above although Lessee's obligations pursuant to Article 14 shall not be limited to the amount of any insurance required of or carried by Lessee under this Article 16 and Lessee is responsible for ensuring that the amount of liability insurance carried by Lessee is sufficient for Lessee's purposes. Lessee may carry said insurance under a blanket policy provided that such policy conforms with the requirements specified in this Article and the coverage afforded Lessor is not diminished thereby.
Lessee’s Insurance. Lessee shall procure and maintain throughout the Term of this Lease: (i) a commercial general liability insurance policy, including insurance against assumed or contractual liability under this Lease, for liability arising out of Lessee’s operations in, and the use, occupancy or maintenance of, the Premises and all areas appurtenant thereto, including any portion of the common areas used by Lessee, to afford protection with respect to bodily injury, death or property damage (including loss of use) of not less than One Million Dollars ($1,000,000) each occurrence/Two Million Dollars ($2,000,000) general aggregate, and in the event property of Lessee’s invitees or customers are kept in or about the Premises, warehouser’s legal liability or bailee customers insurance for the full value of the property of such invitees or customers; (ii) an all-risks property and casualty insurance (special form building and personal property coverage) policy, including theft coverage, written at replacement cost value with replacement cost endorsements, covering all of the Lessee’s property; (iii) a worker’s compensation insurance policy with applicable statutory limits, including a waiver of subrogation in favor of Lessor, (iv) automobile liability insurance with single limit coverage of at least $1,000,000 for all owned, leased/hired or non-owned vehicles, (v) an excess/umbrella liability policy “following form” of not less than Two Million Dollars ($2,000,000), including a “drop down” feature in case the limits of the primary policy are exhausted, and (vi) in the event Lessee will generate, handle or store Hazardous Materials (as defined in Section 5.4 above) at the Premises, pollution legal liability insurance of not less than One Million Dollars ($1,000,000). All such policies shall be occurrence based and shall provide primary/ non- contributory coverage to Lessor (any policy issued to Lessor providing duplicate or similar coverage shall be deemed excess over Lessee's policies), and shall be procured by Lessee from responsible insurance companies satisfactory to Lessor that are rated no less than A-, Class VII, by A.M. Best Company. All commercial general liability, automobile liability and, if applicable, warehouser’s legal liability or bailee customers insurance policies shall include an “Additional Insured Endorsement” and a “Waiver of Subrogation Endorsement” in favor of Lessor, its affiliated companies, as well as the employees, officers, directors and agents of su...
Lessee’s Insurance. (a) Prior to the commencement of the Lessee’s Works (or any associated or incidental works on the Leased Premises), the Lessee must have:
Lessee’s Insurance. (1) Lessee covenants and represents, said representation being specifically designed to induce Lessor to execute this Lease, that during the entire Term hereof, at its sole cost and expense, Lessee shall obtain, maintain and keep in full force and effect the following insurance:
Lessee’s Insurance. Lessee shall, at its sole cost and expense, obtain and maintain throughout the Term of this Lease, on a full replacement cost basis, “special form” insurance covering all of Lessee’s Property located on or within the Premises, and Lessor shall have no interest in any proceeds of such policy. In addition, Lessee shall obtain and maintain, at its sole cost and expense, commercial general public liability insurance providing coverage from and against any loss or damage occasioned by an accident or casualty on, about or adjacent to the Premises, including protection against death, personal injury and property damage. Such liability coverage shall be written on an “occurrence” basis, with limits of not less than $2,000,000.00 combined single limit coverage. All policies of liability insurance required to be carried by Lessee hereunder shall name Lessor and its property manager, if any, as additional insureds. To the extent such coverage is available, each such policy shall provide that same shall not be cancelled or materially modified without at least thirty (30) days’ prior written notice to Lessor and any mortgagee of Lessor. The limits of such insurance shall not, under any circumstances, limit the liability of Lessee under this Lease. In the event that Lessee fails to maintain any of the insurance required of it pursuant to this provision, Lessor shall have the right (but not the obligation) at Lessor’s election, after five (5) business days written notice to Lessee, to pay Lessee’s premiums or to arrange substitute insurance with an insurance company of Lessor’s choosing, in which event any premiums advanced by Lessor shall constitute Additional Rent payable under this Lease and shall be payable by Lessee to Lessor immediately upon demand for same.
Lessee’s Insurance. Lessee, at its sole cost and expense, shall secure and maintain throughout the Term (a) commercial general liability insurance, insuring both Lessor and Lessee against death and personal injuries to one or more persons and damage to property occurring on the Leased Premises or Trailer Parking Area or in connection with Lessee’s use and occupancy of the Leased Premises, Parking Area and Real Property, in an amount equal to not less than $5,000,000 combined single limit per occurrence (which may include umbrella coverage) (b) fire, casualty and extended coverage insurance (also known as “All-Risk” property insurance), covering all leasehold improvements, fixtures, furnishings, equipment and personal property of Lessee on or about the Leased Premises, insuring both Lessor and Lessee, for the full insurable value thereof on a replacement cost basis, (c) worker’s compensation insurance to the extent required by Applicable Laws, (d) commercial automobile liability insurance covering all owned, non-owned and hired vehicles for injury and damage resulting therefrom, in an amount equal to not less than $1,000,000.00 combined single limit per occurrence, and (e) except with respect to Lessor’s Work, so called “Builder’s Risk” insurance during the performance of any construction by or for Lessee on or about the Leased Premises. Lessee’s insurance shall be written by an insurance company licensed to write insurance in Indiana and having an AM Best’s rating of A-/VII or better. Prior to the Lease Commencement Date, Lessee shall furnish to Lessor a certificate of insurance evidencing such coverage with the Lessor named as an additional insured, which certificate shall contain a provision to the effect that such coverage may not be canceled, materially changed or not renewed without at least thirty (30) days’ prior written notice to Lessor. Subject to Lessor’s obligation to construct Lessor’s Work in compliance with all Applicable Laws, Lessee further agrees to install in the Leased Premises, at Lessee’s sole cost and expense such fire extinguishing equipment, or any other devices, as is required by Applicable Laws or by Lessor’s insurance carrier, or the recommendation of the Fire Rating Bureau of Fire Underwriters or similar body, either prior to the occupancy of the Leased Premises or thereafter during the Lease Term, due to the particular use of the Leased Premises by Lessee (and not required by any such authority generally to the entire Building). If any requirement...
Lessee’s Insurance. Without limiting Lessee’s indemnification of County, during the Term of this Lease Lessee shall provide and maintain the following insurance issued by companies authorized to transact business in the State of California by the Insurance Commissioner and having a “general policyholders rating” of at least A-VII (or such higher rating as may be required by an Encumbrance Holder) as set forth in the most current issue of “A.M. Best’s Key Rating Guide” or an equivalent rating from another industry-accepted rating agency.
Lessee’s Insurance. Boeing’s obligation to provide the training, services and Materials to Lessee is conditioned on the receipt by Boeing of evidence of compliance by Lessee with the insurance requirements set forth in Article 8.2 of the AGTA, prior to the provision of such training, services and Materials.
