Carried by Lessor Clause Samples
The "Carried by Lessor" clause establishes that certain costs, responsibilities, or obligations related to the leased property are to be borne by the lessor rather than the lessee. In practice, this might mean the lessor is responsible for expenses such as property taxes, insurance, or major repairs during the lease term. By specifying which party is financially responsible for these items, the clause helps prevent disputes and ensures clarity regarding the allocation of ongoing costs associated with the property.
Carried by Lessor. Lessor shall maintain liability insurance as described in Paragraph 8.2(a), in addition to, and not in lieu of, the insurance required to be maintained by Lessee. Lessee shall not be named as an additional insured therein.
Carried by Lessor. In the event Lessor is the Insuring Party, Lessor shall also maintain liability insurance described in Paragraph 8.2(a) above, in addition to, and not in lieu of, the insurance required to be maintained by Lessee. Lessee shall not be named as an additional insured therein.
Carried by Lessor. All insurance maintained by Lessor shall be for the sole benefit of Lessor and under Lessor's sole control.
Carried by Lessor. In the event Lessor Is the Insuring Party, Lessor shall also maintain liability Insurance described In Paragraph 8.2(a), above, in addition to, and not in lieu of, the Insurance required to be maintained by Losses. Losses shall not be named as an additional Insured therein.
Carried by Lessor. Lessor shall have no obligation to carry any insurance under this Lease.
Carried by Lessor. Lessor shall also maintain liability insurance described in Paragraph 8.2(a) above, in addition to and not in lieu of, the insurance required to be maintained by Lessee. Lessee shall not be named as an additional insured therein. Lessor may from time to time permit Lessee to place some or all of the insurance on the property. No insurance shall be placed by Lessee which provides for more than a $10,000 deductible. Should Lessor do so, Lessee will furnish Lessor with certificates of insurance which shall provide the policies may not be amended or canceled without 30 days' prior written notice to Lessor. Lessor will reimburse Lessee for that portion of the expense which is not attributable to Lessee under the allocations made under the Lease. Lessor may at any time, in its discretion, assume the right to place the insurance, or any part of it.
Carried by Lessor. Lessor shall maintain commercial general liability insurance in an amount not less than $3,000,000 per occurrence in addition to, and not in lieu of, the insurance required to be maintained by Lessee. Lessee shall be named as an additional insured therein only with respect to liabilities arising from the exercise by Lessor of its inspection rights under this Lease and/or performance by Lessor or the Lessor Parties of any obligations under this Lease which are the responsibility of Lessor. Lessee shall not be named as an additional insured with respect to any matters or liabilities other than those described in the preceding sentence.
Carried by Lessor. Lessor shall, at its option, maintain liability insurance as described in Paragraph 8.2(a), in addition to, and not in lieu [***] The asterisks denote that confidential portions of this exhibit have been omitted in reliance on Rule 24b-2 of the Securities Exchange Act of 1934. The confidential portions have been submitted separately to the Securities and Exchange Commission. of, the insurance required to be maintained by Lessee. Lessee shall not be named as an additional insured therein.
Carried by Lessor. Not used.
Carried by Lessor. In the event Lessor is the Insuring Party, Lessor shall also maintain liability insurance described in Paragraph 3.2(a) above, in addition to and not in lieu of, the insurance required to be maintained by Lessee Lessee shall not be named as an additional insured herein. to time, or the amount required by Landlord, but in no event more than the commercially reasonable and available insurable value thereof if, by reason of the unique nature or age of the improvements involved, such latter amount is less than full replacement cost. If Lessor is the Insuring Party, however, Lessee Owned Alterations and Utility Installations shall be insured by Lessee under Paragraph 8.4 rather than by Lessor. If the coverage is available and commercially appropriate, such policy or policies shall insure against all risks of direct physical loss or damage (except the perils of flood and/or earthquake, including coverage for any additional costs resulting from debris removal and reasonable amounts of coverage for the enforcement of any ordinance or law regulating the reconstruction or replacement of any undamaged sections of the Premises required to be demolished or removed by reason of the enforcement of any building, zoning, safety or land use laws as the result of a covered cause of loss. Said policy or policies shall also contain an agreed valuation provision in lieu of any coinsurance clause, waiver of subrogation, and inflation guard protection causing an increase in the annual property insurance coverage amount by a factor of not less than the adjusted U.S. Department of Labor Consumer Price Index for All Urban Consumers for the city nearest to where the Premises are located. If such insurance coverage has a deductible clause, the deductible amount shall not exceed $1,000 per occurrence, and Lessee shall be liable for such deductible amount in the event of an Insured Loss, as defined in Paragraph 9.1(c).