Common use of Blanket Insurance Clause in Contracts

Blanket Insurance. Nothing in this Article 5 shall prevent Tenant from obtaining insurance of a kind and in the amount provided for under this Article 5 under a blanket insurance policy or policies which cover other properties owned or operated by Tenant or a Subtenant as well as the Premises; provided, however, that any such policy of blanket insurance of the kind provided for by Section 5.1 shall specify therein, or Tenant shall furnish Landlord a written statement from the insurers under such policies specifying, the amount of the total insurance allocated to the Premises, which amount shall be not less than the amounts required herein. No blanket policy shall contain any clause that would result in any insured thereunder being required or permitted to carry insurance with respect to the property covered thereby in an amount less than the full insurable value of such property in order to prevent the insured therein named from becoming a co-insurer of any loss with the insurer under such policy.

Appears in 1 contract

Samples: Three Five Systems Inc

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Blanket Insurance. Nothing in this Article 5 shall prevent Tenant from obtaining insurance of a kind and in the amount provided for under this Article 5 under a blanket insurance policy or policies which that cover other properties owned or operated by Tenant or a Subtenant and/or its affiliates as well as the Premises; provided, however, that any such policy of blanket insurance of the kind provided for by Section 5.1 shall specify therein, or Tenant shall furnish Landlord a written statement from the insurers under such policies specifying, specifying the amount of the total insurance allocated to the Premises, which amount shall not be not less than the amounts amount required herein. No blanket policy shall contain any clause that would result in any the insured thereunder being required or permitted to carry insurance with respect to the property covered thereby in an amount less than the full insurable value of such property in order to prevent the insured therein named from becoming a co-insurer of any loss with the insurer under such policy.

Appears in 1 contract

Samples: documents.tempe.gov

Blanket Insurance. Nothing in this Article 5 Lease shall prevent Tenant from obtaining insurance of a kind and in the amount provided for under this Article 5 Section 4 under a blanket insurance policy or policies which cover other properties owned or operated by Tenant or a Subtenant as well as the Premises; provided, however, that any such policy of blanket insurance of the kind provided for by Section 5.1 shall specify therein, or Tenant shall furnish Landlord a written statement from the insurers under such policies specifying, the amount of the total insurance allocated to the Premises, which amount shall be not less than the amounts amount required herein. No blanket policy shall contain any clause that would result in any the insured thereunder being required or permitted to carry insurance with respect to the property covered thereby in an amount less than the full insurable value of such property in order to prevent the insured therein named from becoming a co-insurer of any loss with the insurer under such policy.

Appears in 1 contract

Samples: Lease and Option to Purchase (Lucid Group, Inc.)

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Blanket Insurance. Nothing in this Article 5 Lease shall prevent Tenant from obtaining insurance of a kind and in the amount provided for under this Article Section 5 under a blanket insurance policy or policies which cover other properties owned or operated by Tenant or a Subtenant as well as the Premises; provided, however, that any such policy of blanket insurance of the kind provided for by Section 5.1 shall specify therein, or Tenant shall furnish Landlord a written statement from the insurers under such policies specifying, the amount of the total insurance allocated to the Premises, which amount shall be not less than the amounts amount required herein. No blanket policy shall contain any clause that would result in any the insured thereunder being required or permitted to carry insurance with respect to the property covered thereby in an amount less than the full insurable value of such property in order to prevent the insured therein named from becoming a co-insurer of any loss with the insurer under such policy.

Appears in 1 contract

Samples: Lease and Option to Purchase (Churchill Capital Corp IV)

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