Loss of Rents Insurance. Lessor shall, at Lessee’s sole cost and expense, purchase and maintain in full force and effect, a policy of rental loss insurance, in an amount equal to the amount of Rent payable by Lessee commencing within sixty (60) days of the date of the loss or on the date of loss if reasonably available for the next ensuing one (1) year, as reasonably determined by Lessor with proceeds payable to Lessor (“Loss of Rents Insurance”).
Loss of Rents Insurance. Lessor shall, at Lessee’s sole cost and expense as part of the CAC, purchase and maintain in full force and effect, a policy of rental loss insurance, in an amount equal to the amount of Rent payable by Lessee commencing within sixty (60) days of the date of the loss or on the date of loss if reasonably available for the next ensuing one (1) year, as reasonably determined by Lessor with proceeds payable to Lessor (“Loss of Rents Insurance”).
Loss of Rents Insurance. Lessor shall, at Lessee's sole cost and expense, purchase and maintain in full force and effect, a policy of rental loss insurance, in an amount equal to the amount of Rent payable by Lessee commencing within sixty (60)
Loss of Rents Insurance. Tenant shall, at Tenant's sole cost and expense, purchase and maintain in full force and effect a policy of rental loss insurance, in an amount equal to the amount of Rent, Amortized Rent and Additional Rent, commencing on the date of loss for the next ensuing one (1) year, with proceeds payable to Landlord ("Loss of Rents Insurance"). At Tenant's option, Tenant may undertake to maintain deductibles under its property insurance policy and may elect to self-insure some or all of the Loss of Rents Insurance. Any undertaking by Tenant to assume deductibles or self-insure with respect to some or all of the Loss of Rents Insurance shall not serve to adversely affect Landlord, and Landlord shall be protected against loss of rents in the same manner as if Tenant had obtained separate insurance as provided herein.
Loss of Rents Insurance. Lessee shall maintain in full force and effect at Lessee's sole cost, a policy of all-risk rental loss insurance (including earthquake and flood, (subject to availability), in an amount equal to the amount of Rent payable by Lessee commencing on the date of loss for the next ensuing one (1) year, as reasonably determined by Lessor with proceeds payable to Lessor ("Loss of Rents Insurance"). It is agreed that as of the Commencement Date the amount of Rent payable under the Loss of Rents Insurance coverage shall be a minimum of Twenty Million Dollars ($20,000,000).
Loss of Rents Insurance. The Lessor will purchase insurance against the loss of rental income sustained due to any necessary suspension in the availability of the Premises as a result of direct physical loss or damage to the property. The loss of rental income insurance shall be sufficient to cover the total anticipated rental income from the Lessee’s occupancy of the Premises for twelve months, plus any other charges under the terms of this Lease which are the legal obligations of the Lessee and which would otherwise be the Lessor’s obligation.
Loss of Rents Insurance. Proceeds shall, for the purposes of the Receivables Assignments and, as the case may be, the receivables pledges granted pursuant to Clause 12.3 mean the “loss of rents” insurance proceeds and any other insurance proceeds which are or may be payable by the relevant insurance companies in accordance with the insurance policies covering the Properties and which are not included in the delegation referred to in Clause 12.4 (Insurance Delegations). Confidential Information shall mean any information relating to a Group Company, the Finance Documents or the Facility, of which a Finance Party may become aware in such capacity or with a view to becoming a Finance Party, or which a Finance Party receives in relation to the Finance Documents or the Facility or with a view to becoming a Finance Party pursuant to the Finance Documents or the Facility, from one of the following persons:
Loss of Rents Insurance. Landlord may maintain loss of rents insurance to cover any loss of rents required to be paid by this Lease. All insurance required by this paragraph shall be placed with responsible companies. All such policies shall be non-assessable and shall require thirty (30) days’ notice by registered mail to Landlord and Tenant of any cancellation thereof or change affecting the coverage thereunder. All insurance required by this paragraph shall name both Landlord and Tenant as an insured as their respective interests may appear. Neither party shall violate nor permit to be violated any of the conditions or provisions of any such insurance policy. Landlord and Tenant and all parties claiming, by, through or under them mutually release and discharge each other from all claims and liabilities arising from or caused by any casualty or hazard covered or required hereunder to be covered in whole or in part by insurance on the Demised Premises, or in connection with activities conducted on the Demised Premises, or in or on the Project, and waive any right of subrogation which might otherwise exist in or accrue to any person on account thereof and further agree to evidence such waiver by endorsement to the required insurance policies, provided that such release shall not operate in any case where the effect is to invalidate or increase the cost of such insurance coverage. In the case of increased cost, the other party shall have the right, within thirty (30) days following written notice, to pay such increased cost, thereby keeping such release and waiver in full force and effect. Tenant shall reimburse Landlord for Tenant’s pro rata portion of Landlord’s insurance expense in accordance with paragraph 31 of this Lease. Landlord shall reasonably estimate Tenant’s Proportionate Share of the Landlord’s insurance costs and Tenant shall pay one twelfth (1/12) together with the payment of Rent.
Loss of Rents Insurance. In addition to the insurance coverage required under paragraph 12, TENANT agrees to provide rent coverage against loss or damage resulting from the hazards specified in Section 12(b) in an amount not less than 75% of the total of the annual minimum rent as the latter may be from time to time reasonably estimated by LANDLORD, which rent insurance shall provide for payment of any loss to LANDLORD.
