Standards for Insurance Sample Clauses

Standards for Insurance. Companies Insurers, other than the California State Compensation Insurance Fund, shall have an A.M. Best's rating of at least A:VII.
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Standards for Insurance. (1) Each Owner of a Unit shall obtain, at such Owner’s expense, for at least the full replacement value thereof, covering the Unit, and all improvements within the Unit, including the mechanical equipment and appliances, fixtures, interior partitions and partition walls, furniture, wallcoverings, floorcoverings, and furnishings within the Unit and any improvements, betterments and additions made to the Unit by such Owner, or its predecessors;
Standards for Insurance. Companies • Insurance policies must be issued by an insurer with an A.M. Best's rating of at least A:VII.
Standards for Insurance. All insurance policies required to be carried by Tenant under this Lease shall (i) be written by companies rated A/VII or better in "Best's Insurance Guide" and authorized to do business in California (if and as such policies with such insurers are available on commercially reasonable terms after reasonable efforts), (ii) with respect to Tenant liability and umbrella policies, name Landlord and any other parties reasonably designated by landlord as additional insureds, (iii) with respect to Tenant property and liability policies, contain loss payable clauses reasonably satisfactory to Landlord, including, without limitation, clauses providing for payment of insurance proceeds, as their interest may appear, to Tenant or to Landlord, (iv) provide coverage on an occurrence basis (if and as available on commercially reasonable terms after reasonable efforts), and (v) provide (to the extent obtainable after reasonable efforts) that Landlord shall receive thirty (30) days notice from the insurer before any cancellation or change in coverage, and ten (10) days notice from the insurer of cancellation for non-payment of premiums. In the event that any of the foregoing requirements or standards, or any other requirements or standards herein pertaining to insurance policies required to be carried by Tenant under the Lease, cannot be satisfied or are not available on commercially reasonable terms after reasonable effort by Tenant, then commercially reasonable terms for insurance policies applying to comparable properties at the time shall apply under this Lease.
Standards for Insurance. Companies

Related to Standards for Insurance

  • General Insurance Requirements During the Term, Tenant shall at all times keep each Leased Property, and all property located in or on any Leased Property, including Leasehold Improvements, Fixtures and Tenant’s Personal Property, insured with the kinds and amounts of insurance described below. This insurance shall be written by companies authorized to do insurance business in the State in which the applicable Leased Property is located, provided, however, that the insurers or reinsurers issuing policies covering general liability and/or professional liability claims (or providing reinsurance coverage with respect to such claims) need only to have such authorizations to do insurance business as are required by applicable law. All companies providing insurance required by the terms of this ARTICLE XIII (including, without limitation, any Captive Insurance Company) must have a rating at least as high as the rating required by any applicable Facility Mortgagee. The policies must name as loss payee (i) the holder of any mortgage, deed of trust or other security agreement (“Facility Mortgagee”) securing any Encumbrance placed on the applicable Leased Property in accordance with the provisions of ARTICLE XXXVIII (“Facility Mortgage”) by way of a standard form of mortgagee’s loss payable endorsement or (ii) if no such Facility Mortgage encumbers the applicable Leased Property, Lessor and, in the case of any commercial general liability and/or umbrella liability insurance coverages, must name Lessor and any Superior Mortgagee(s) as additional insureds. Losses shall be payable to Lessor and/or Superior Mortgagee as provided in ARTICLE XIV. Any loss adjustment shall require the written consent of Lessor, Tenant, Leasehold Mortgagee and Facility Mortgagee whenever the loss exceeds twenty percent (20%) of the Facility’s Fair Market Value. Evidence of insurance shall be deposited with Lessor and, if requested, with any Superior Lessor, Leasehold Mortgagee and Facility Mortgagee(s). If any provision of any Facility Mortgage requires deposits of insurance premiums to be made with such Facility Mortgagee, Tenant shall either pay to Lessor monthly the amounts required and Lessor shall transfer such amounts to each Facility Mortgagee, or, pursuant to written direction by Lessor, Tenant shall make such deposits directly with such Facility Mortgagee. The policies on each Leased Property, including the Leasehold Improvements, and Fixtures and Tenant’s Personal Property, shall insure against the following risks:

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