Hazard and Rental Income Insurance. During the Lease Term, Tenant shall maintain policies of insurance at Tenant's expense, covering loss of or damage to the Property in the full amount of its replacement value. Such policies shall provide protection against all perils included within the classification of fire, extended coverage, vandalism, malicious mischief, special extended perils (all risks), sprinkler leakage, earthquake sprinkler leakage, and Inflation Guard endorsement, and any other perils (except flood and earthquake, unless required by any lender holding a security interest in the Property) which Landlord deems necessary. Tenant shall obtain insurance coverage for Tenant's fixtures, equipment or building improvements installed by Tenant in or on the Property. Tenant shall, at Tenant's expense, maintain such primary or additional insurance on its fixtures, equipment and building improvements as Tenant deems necessary to protect its interests. During the Lease Term, Tenant shall also maintain a rental income insurance policy at Tenant's expense, with loss payable to Landlord in an amount equal to one year's Base Rent, estimated real property taxes and insurance premiums. Tenant shall not do or permit to be done anything which invalidates any such insurance policies.
Hazard and Rental Income Insurance. During the Lease Term, Landlord shall maintain policies of insurance at Tenant's expense, covering loss of or damage to the Property in the full amount of its replacement value. Such policies shall provide protection against all perils included within the classification of fire, extended coverage, vandalism, malicious mischief, special extended perils (all risk), sprinkler leakage, earthquake sprinkler leakage, and inflation guard endorsement, and any other perils (except flood and earthquake, unless required by any lender holding a security interest in the Property) which Landlord deems necessary. Landlord may, but is not obligated to, obtain insurance coverage for Tenant's fixtures, equipment or building improvements installed by Tenant in or on the Property. Tenant shall, at Tenant's expense, maintain such primary or additional insurance on its fixtures, equipment and building improvements as Tenant deems necessary to protect its interest. During the Lease term, Landlord shall also maintain a rental income insurance policy at Tenant's expense with loss payable to Landlord in an amount equal to one year's Base Rent, Operating Expenses for one year, estimated real property taxes and insurance premiums. Tenant will not be named in any such policies carried by Landlord and shall have no right to any proceeds therefrom. Tenant shall not do or permit to be done anything which invalidates any such insurance policies.
Hazard and Rental Income Insurance. During the Lease Term, Landlord shall maintain policies of fire and extended coverage or "all risk" insurance covering the loss of or damage to the building of which the Property is a part, covering loss of or damage to the Property in the full amount of its replacement value. Such policies shall provide protection against all perils included within the classification of fire, extended coverage, vandalism, malicious mischief, special extended perils (all risk), sprinkler leakage, earthquake sprinkler leakage, and Inflation Guard endorsement, and any other perils (except flood and earthquake, unless required by any lender holding a security interest in the Property) which Landlord deems necessary. Landlord may obtain insurance coverage for Tenant's fixtures, equipment or building improvements installed by Tenant in or on the Property. Tenant shall, at Tenant's expense, maintain such primary or additional insurance on its fixtures, equipment and building improvements as Tenant deems necessary to protect its interest. During the Lease Term, Landlord shall also maintain a rental income insurance policy at Tenant's expense, with loss payable to Landlord in an amount equal to one year's Base Rent, estimated real property taxes and insurance premiums. Tenant shall not do or permit to be done anything which invalidates any such insurance policies.
Hazard and Rental Income Insurance. During the Lease Term, Landlord shall maintain policies of insurance covering loss of or damage to the Shopping Center Improvements, including the shell building improvements of the Premises, in the amount of its full replacement cost, excluding Tenant’s Improvements, made fixtures and personal property. Such polices shall provide protection against all perils included within the classification of fire, extended coverage, vandalism, malicious mischief, and may include endorsements or coverage for special extended perils (special form), sprinkler leakage, inflation guard, and any other perils (including flood and earthquake), which Landlord deems necessary. Tenant shall, at Tenant’s expense, maintain such primary or additional insurance on its fixtures, equipment and building improvements as Tenant deems necessary to protect its interest. During the Lease Term, Landlord shall also maintain as an Operating Cost a rental income insurance policy, with loss payable to Landlord in an amount equal to one year’s Minimum Monthly Rent (as adjusted periodically), plus estimated Real Property Taxes and insurance premiums. Tenant shall not do or permit to be done anything which invalidates any such insurance policies.
Hazard and Rental Income Insurance. During the Lease Term, Landlord shall maintain policies of insurance at Tenant's expense, covering loss of or damage to the Premises in the full amount of its replacement value. Such policies shall provide protection against all perils included within the classification of fire, extended coverage, vandalism, malicious mischief, and may include endorsements or coverage for special extended perils (all risk), sprinkler leakage, inflation guard, and any other perils (including flood and earthquake), which Landlord deems necessary. Landlord may obtain insurance coverage for Tenant's fixtures, equipment or building improvements installed by Tenant in or on the Premises. Tenant shall, at Tenant's expense, maintain such primary or additional insurance on its fixtures, equipment and building improvements as Tenant deems necessary to protect its interest. During the Lease Term, Landlord may also maintain a rental income insurance policy at Tenant's expense, with loss payable to Landlord in an amount equal to one year's Minimum Monthly Rent (as adjusted periodically), plus estimated Real Property Taxes and insurance premiums. Tenant shall not do or permit to be done anything which invalidates any such insurance policies.
Hazard and Rental Income Insurance. During the Lease Term, Tenant shall maintain policies of insurance at Tenant's expense, covering loss of or damage to the Property in the full amount of its replacement value naming Landlord and, upon request of Landlord, any lender to whom Landxxxx xxx granted a security interest in the Property as loss payees. Such policies shall provide protection against all perils included within the classification of earthquake, fire, extended coverage, vandalism, malicious mischief, special extended periods (all risk), sprinkler leakage, earthquake sprinkler leakage, and Inflation Guard endorsement, and any other perils (except flood, unless required by any lender holding a security interest in the Property) which Landlord deems necessary. Tenant shall, at Tenant's expense, maintain such primary or additional insurance on its fixtures, equipment and building improvements as Tenant deems necessary to protect its interest. During the Lease Term, Tenant shall also maintain a rental income insurance policy at Tenant's expense, with loss payable to Landlord in an amount equal to one year's Base Rent, estimated real property taxes and insurance premiums. Tenant shall not do or permit to be done anything which invalidates any such insurance policies.
Hazard and Rental Income Insurance. During the Lease Term, LESSOR shall maintain policies of insurance covering loss of or damage to the Shopping Center improvements, including the Improvements to the Property, in the amount of its full replacement cost, excluding LESSEE'S trade fixtures and personal property. Such polices shall provide protection against all perils included within the classification of fire, extended coverage, vandalism, malicious mischief, and may include endorsements or coverage for special extended perils (special form), sprinkler leakage, inflation guard, and any other perils (including flood and earthquake), which Landlord deems necessary. LESSEE shall, at LESSEE'S expense, maintain such primary or additional insurance on its fixtures, equipment and personal property as LESSEE deems necessary to protect its interest. During the Lease Term, LESSOR shall also maintain as an Operating Cost a rental income insurance policy, with loss payable to LESSOR in an amount equal to one year's Minimum Monthly Rent (as adjusted periodically), plus estimated Real Property Taxes and insurance premiums. Tenant shall not do or permit to be done anything which invalidates any such insurance policies. If said insurance policies cover improvements or real property other than the Shopping Center, LESSOR shall also deliver to LESSEE a statement of the amount of the premiums applicable to the Property showing, in reasonable detail, how such amount was computed. If the Lease Term expires before the expiration of the insurance policy period, LESSEE'S liability for insurance premiums shall be prorated on an annual basis. LESSEE shall be liable for its pro rata share of the payment of any deductible amount under LESSOR'S insurance policies as an item of Operating Cost.
Hazard and Rental Income Insurance. During the Sublease Term, Landlord shall, at Tenant's expense, maintain policies of insurance covering loss of or damage to the Premises to the extent of at least one hundred percent (100%) of its replacement value. Such policies shall provide protection against all perils included within the classification of fire, extended coverage, vandalism, malicious mischief, and any other perils which Landlord deems necessary. Landlord may obtain insurance coverage for Tenant's building improvements installed by Tenant in or on the Premises. Tenant shall, at Tenant's expense, maintain such primary or additional insurance on its fixtures, equipment and building improvements as Tenant deems necessary to protect its interest. During the Sublease Term, Landlord may also maintain a rental income insurance policy at Tenant's expense, with loss payable to Landlord in an amount equal to one year's Base Rent (as adjusted periodically), estimated Real Property Taxes and insurance premiums. Tenant shall not do or permit to be done anything which invalidates any such insurance policies. Landlord shall provide proof of insurance, naming Xxxxxx's Premises as a named insured within 30 from the Commencement Date.
Hazard and Rental Income Insurance. During the Lease Term for the period commencing on the Rent Commencement Date, Landlord shall maintain a policy of insurance, at Tenant's expense, covering loss of or damage to the Property in the full amount of its guaranteed replacement cost, including, without limitation, all Tenant-installed and Landlord-installed improvements, with an agreed amount endorsement waiving any co-insurance penalty, and providing coverage for demolition costs and for increased costs of construction due to changes of building codes and/or conditions in amounts equal to no more than fifteen percent (15%) of the value of the improvements on the Property. Such policy shall provide protection against all perils included within the classification of fire, extended coverage, vandalism, malicious mischief special extended perils (all risk), sprinkler leakage, and inflation guard endorsement (but excluding flood (unless and only to the extent required by applicable law) and earthquake, unless required by any lender holding a security interest in the Property, and then only in amounts available at commercially reasonable rates). During the Lease Term, Landlord shall also maintain rental income insurance at Tenant's expense, with loss payable to Landlord in an amount equal to one year's Base Rent, estimated Real property taxes and insurance premiums. Tenant shall not do or permit to be done anything which invalidates any such insurance policies.
Hazard and Rental Income Insurance. During the Sublease Term, Landlord shall, at Tenant's expense, maintain policies of insurance covering loss of or damage to the Premises to the extent of at least one hundred percent (100%) of its replacement value. Such policies shall provide protection against all perils included within the classification of fire, extended coverage, vandalism, malicious mischief, and any other perils which Landlord deems necessary. Landlord may obtain insurance coverage for Tenant's fixtures, equipment or building improvements installed by Tenant in or on the Premises. Tenant shall, at Tenant's expense, maintain such primary or additional insurance on its fixtures, equipment and building improvements as Tenant deems necessary to protect its interest. During the Sublease Term, Landlord may also maintain a rental income insurance policy at Tenant's expense, with loss payable to Landlord in an amount equal to one year's Base Rent (as adjusted periodically), estimated Real Property Taxes and insurance premiums. Tenant shall not do or permit to be done anything which invalidates any such insurance policies.
