Common use of Extra Expense Coverage Clause in Contracts

Extra Expense Coverage. Tenant shall further procure and maintain extra expense coverage, with coverage amounts sufficient to, and which shall, reimburse Tenant for all charges and costs incurred arising out of all Perils covered by Tenant’s property insurance including, but not limited to, coverage for prevention of, or denial of use of, or denial of access to, all or part of the Premises, occurring as a result of those Peril(s). Such extra expense coverage insurance shall provide coverage for not less than 12 months’ of charges and costs contemplated in the Lease, and shall be carried in amounts necessary to avoid any co-insurance penalty which could apply. The extra expense insurance coverage shall be issued by the insurer who provides Tenant’s other first party coverage.