Common use of Form of Insurance Certificates Clause in Contracts

Form of Insurance Certificates. All policies shall be written in a form satisfactory to Landlord and shall be taken out with insurance companies licensed in the state in which the Building is located and holding a General Policy Holder' s Rating of "A" and a financial rating of "X" or better, as set forth in the most current issues of Best's Insurance Guide. Each party shall furnish to the other, prior to the Commencement Date and thereafter within ten (10) days prior to the expiration of each such policy, a certificate of insurance (or renewal thereof) issued by the insurance carrier of each policy of insurance carried by the party pursuant hereto and, upon request by the other party, a copy of each such policy of insurance. Said certificates shall expressly provide that such policies shall not be cancelable or subject to reduction of coverage below the minimum amounts required by this Lease or required by any lender having an interest in the Building or otherwise be subject to modification except after thirty (30) days prior written notice to the parties named as insured in Section 7.2.

Appears in 2 contracts

Sources: Lease Agreement (Schnitzer Steel Industries Inc), Lease Agreement (Schnitzer Steel Industries Inc)

Form of Insurance Certificates. All policies shall be written in a form satisfactory to Landlord and shall be taken out with insurance companies licensed in the state in which the Building is located and holding a General Policy Holder' s ’s Rating of "A" and a financial rating of "X" or better, as set forth in the most current issues of Best's ’s Insurance Guide. Each party Tenant shall furnish to the otherLandlord, prior to Tenant’s entry into the Commencement Date Premises and thereafter within ten (10) days prior to the expiration of each such policy, a certificate of insurance (or renewal thereof) issued by the insurance carrier of each policy of insurance carried by the party Tenant pursuant hereto and, upon request by the other partyLandlord, a copy of each such policy of insurance. Said certificates shall expressly provide that such policies shall not be cancelable or subject to reduction of coverage below the minimum amounts required by this Lease or required by any lender having an interest in the Building or otherwise be subject to modification except after thirty (30) days prior written notice to the parties named as insured in this Section 7.27.04.

Appears in 2 contracts

Sources: Lease Agreement (Solta Medical Inc), Lease Agreement (Avi Biopharma Inc)

Form of Insurance Certificates. All policies shall be written in a form satisfactory to Landlord and shall be taken out with insurance companies licensed in the state in which the Building is located and holding a General Policy Holder' s 's Rating of "AA-" and a financial rating of "X" or better, as set forth in the most current issues of Best's Insurance Guide. Each party Tenant shall furnish to the otherLandlord, prior to Tenant's entry into the Commencement Date Premises and thereafter within ten (10) days prior to the expiration of each such policy, a certificate of insurance (or renewal thereof) issued by the insurance carrier of each policy of insurance carried by the party Tenant pursuant hereto and, upon request by the other partyLandlord, a copy of each such policy of insurance. Said certificates shall expressly provide that such policies shall not be cancelable or subject to reduction of coverage below the minimum amounts required by this Lease or required by any lender having an interest in the Building or otherwise be subject to modification except after thirty (30) days prior written notice to the parties named as insured in this Section 7.27.04.

Appears in 1 contract

Sources: Lease Agreement (Lumera Corp)

Form of Insurance Certificates. All policies shall be written in a form satisfactory to Landlord and shall be taken out with insurance companies licensed in the state in which the Building is located and holding a General Policy Holder' s ’s Rating of "A" and a financial rating of "X" or better, as set forth in the most current issues of Best's ’s Insurance Guide. Each party Tenant shall furnish to the otherLandlord, prior to Tenant’s entry into the Commencement Date Premises and thereafter within ten (10) days prior to the expiration of each such policy, a certificate of insurance (or renewal thereof) issued by the insurance carrier of each policy of insurance carried by the party Tenant pursuant hereto and, upon request by the other partyLandlord, a copy of each such policy of insurance. Said certificates shall expressly provide that such policies shall not be cancelable or subject to reduction of coverage below the minimum amounts required by this Lease or required by any lender having an interest in the Building or otherwise be subject to modification except after thirty (30) days prior written notice to the parties named as insured in Section 7.2.

Appears in 1 contract

Sources: Lease Agreement (Planar Systems Inc)