Increase in Limits. If either Lessor or Lessee at any time deems the limits of the personal injury or property damage under the comprehensive public liability insurance then carried to be either excessive or insufficient, Lessor and Lessee shall endeavor in good faith to agree on the proper and reasonable limits for such insurance to be carried and such insurance shall thereafter be carried with the limits thus agreed on until further change pursuant to the provisions of this Article 13.
Appears in 40 contracts
Sources: Hotel Lease Agreement (Moody National REIT II, Inc.), Hotel Lease Agreement, Hotel Lease Agreement (Moody National REIT II, Inc.)
Increase in Limits. If either Lessor or Lessee at any time deems the limits of the personal injury or property damage under the comprehensive public liability insurance then carried to be either excessive or insufficient, Lessor and Lessee shall endeavor in good faith to agree on the proper and reasonable limits for such insurance to be carried and such insurance shall thereafter be carried with the limits thus agreed on until further change pursuant to the provisions of this Article 13Section. If the parties fail to agree on such limits, the matter shall be referred to arbitration as provided for in Section 40.2.
Appears in 10 contracts
Sources: Lease Agreement (Hersha Hospitality Trust), Lease Agreement (Hersha Hospitality Trust), Lease Agreement (Hersha Hospitality Trust)
Increase in Limits. If either Lessor or Lessee at any time deems the limits of the personal injury or property damage under the comprehensive public liability insurance then carried to be either excessive or insufficient, Lessor and Lessee shall endeavor in good faith to agree on the proper and reasonable limits for such insurance to be carried and such insurance shall thereafter be carried with the limits thus agreed on until further change pursuant to the provisions of this Article 13Section.
Appears in 8 contracts
Sources: Lease Agreement (Strategic Hotel Capital Inc), Consolidated Lease Amendment (Equity Inns Inc), Lease Agreement (Equity Inns Inc)
Increase in Limits. If either Lessor or Lessee at any time deems the limits of the personal injury or property damage under the comprehensive public liability insurance then carried to be either excessive or insufficient, Lessor and or Lessee shall endeavor in good faith to agree on the proper and reasonable limits for such insurance to be carried and such insurance shall thereafter be carried with the limits thus agreed on until further change pursuant to the provisions of this Article 13Section.
Appears in 8 contracts
Sources: Lease Agreement (Summit Hotel OP, LP), Lease Agreement (Crescent Real Estate Equities Inc), Lease Agreement (Crescent Real Estate Equities Inc)
Increase in Limits. If either Lessor or Lessee at any time deems the limits of the personal injury or property damage under the comprehensive public commercial general liability insurance then carried to be either excessive or insufficient, Lessor and or Lessee shall endeavor in good faith to agree on the proper and reasonable limits for such insurance to be carried and such insurance shall thereafter be carried with the limits thus agreed on until further change pursuant to the provisions of this Article 13Section.
Appears in 5 contracts
Sources: Lease Agreement (Gadsden Growth Properties, Inc.), Lease Agreement (MHI Hospitality CORP), Lease Agreement (MHI Hospitality CORP)
Increase in Limits. If either Lessor or Lessee at any time deems the ------------------- limits of the personal injury or property damage under the comprehensive public liability insurance then carried to be either excessive or insufficient, Lessor and Lessee shall endeavor in good faith to agree on the proper and reasonable limits for such insurance to be carried and such insurance shall thereafter be carried with the limits thus agreed on until further change pursuant to the provisions of this Article 13.
Appears in 2 contracts
Sources: Hotel Lease Agreement (Apple Suites Inc), Master Hotel Lease Agreement (Apple Hospitality Two Inc)
Increase in Limits. If either Lessor or Lessee at any time deems the limits of the personal injury or property damage under the comprehensive public liability insurance then carried to be either excessive or insufficient, Lessor and Lessee shall endeavor in good faith to agree on the proper and reasonable limits for such insurance to be carried and such insurance shall thereafter be carried with the limits thus agreed on until further change pursuant to the provisions of this Article 13XIII.
Appears in 2 contracts
Sources: Contract for Purchase and Sale of Hotels (Felcor Suite Hotels Inc), Contract for Purchase and Sale of Hotels (Itt Corp /Nv/)
Increase in Limits. If either Lessor or Lessee at any time deems the limits of the personal injury or property damage under the comprehensive public liability insurance then carried to be either excessive or insufficient, Lessor and Lessee shall endeavor in good faith to agree on the proper and reasonable limits for such insurance to be carried and such insurance shall thereafter be carried with the limits thus agreed on until further change pursuant to the provisions of this Section. If the parties fail to agree on such limits, the matter shall be referred to arbitration as provided for in Article 1340.
Appears in 1 contract
Increase in Limits. If either Lessor or Lessee at any time deems the limits of the personal bodily injury or property damage under the comprehensive public liability insurance then carried to be either excessive or insufficient, Lessor and or Lessee shall endeavor in good faith to agree on the proper and reasonable limits for such insurance to be carried and carried; provided, however, that such limits shall not be reduced below a minimum aggregate limit of $3,000,000. Thereafter, such insurance shall thereafter be carried with the limits thus agreed on until further change pursuant to the provisions of this Article 13Section.
Appears in 1 contract
Increase in Limits. If either Lessor or Lessee at any time deems the ------------------ limits of the personal injury or property damage under the comprehensive public liability insurance then carried to be either excessive or insufficient, Lessor and Lessee shall endeavor in good faith to agree on the proper and reasonable limits for such insurance to be carried and such insurance shall thereafter be carried with the limits thus agreed on until further change pursuant to the provisions of this Article 13.
Appears in 1 contract
Sources: Master Hotel Lease Agreement (Apple Hospitality Two Inc)
Increase in Limits. If either Lessor Lessee or Lessee Manager at any time deems the limits of the personal injury or property damage under the comprehensive public liability insurance then carried to be either excessive or insufficient, Lessor Lessee and Lessee Manager shall endeavor in good faith to agree on the proper and reasonable limits for such insurance to be carried and such insurance shall thereafter be carried with the limits thus agreed on until further change pursuant to the provisions of this Article Section 13.
Appears in 1 contract
Sources: Hotel Management Agreement (Innkeepers Usa Trust/Fl)
Increase in Limits. If either In the event that Lessor or Lessee shall at any time deems deem the limits of the personal injury or injury, property damage under the comprehensive or general public liability insurance then carried to be either excessive or insufficient, Lessor and Lessee the parties shall endeavor in good faith to agree on the proper and reasonable limits for such insurance to be carried and such insurance shall thereafter be carried with the limits thus agreed on until further change pursuant to the provisions of this Article Section 13.
Appears in 1 contract
Increase in Limits. If either Lessor Lessee or Lessee Manager at any time deems the limits of the personal injury or property damage under the comprehensive public liability insurance then carried to be either excessive or insufficient, Lessor Lessee and Lessee Manager shall endeavor in good faith to agree on the proper and reasonable limits for such insurance to be carried and such insurance shall thereafter be carried with the limits thus agreed on until further change changed pursuant to the provisions of this Article 138.
Appears in 1 contract
Increase in Limits. If either Lessor Lessee or Lessee Manager at any time deems the limits of the personal injury or property damage under the comprehensive public liability insurance then carried to be either excessive or insufficient, Lessor Lessee and Lessee Manager shall endeavor in good faith to agree on the proper and reasonable limits for such insurance to be carried and such insurance shall thereafter be carried with the limits thus agreed on until further change pursuant to the provisions of this Article 13Section.
Appears in 1 contract
Increase in Limits. If either Lessor or Lessee at any time deems the limits of the personal injury or property damage under the comprehensive public liability insurance then carried to be either excessive or insufficient, Lessor and or Lessee shall endeavor in good faith to agree on the proper and reasonable limits for such insurance to be carried and such insurance shall thereafter be carried with the limits thus agreed on until further change pursuant to the provisions of this Article 13Article.
Appears in 1 contract
Increase in Limits. If either Lessor or Lessee at any time deems the limits of the personal bodily injury or property damage liability under the comprehensive public commercial general liability insurance then carried to be either excessive or insufficient, Lessor and Lessee shall endeavor in good faith to agree on the proper and reasonable limits for such insurance to be carried and carried; provided, however, that such limits shall not be reduced below a minimum limit of $10,000,000 per occurrence. Thereafter, such insurance shall thereafter be carried with the limits thus agreed on until further ftirther change pursuant to the provisions of this Article 13Section 13.2.
Appears in 1 contract
Sources: Percentage Lease Agreement (South Seas Properties Co LTD Partnership)
Increase in Limits. If either Lessor or Lessee at any time deems the limits of the personal injury or property damage under the comprehensive public liability insurance then carried to be either excessive or insufficient, Lessor and or Lessee shall endeavor in good faith to agree on the proper and reasonable limits for such insurance to be carried and such insurance shall thereafter be carried with the limits thus agreed on until further change pursuant to the provisions of this Article 13.on
Appears in 1 contract
Increase in Limits. If either Lessor Lessee or Lessee Manager at any time deems the limits of the personal injury or property damage under the comprehensive public liability insurance then carried to be either excessive or insufficient, Lessor Lessee and Lessee Manager shall endeavor in good faith to agree on the proper and reasonable limits for such insurance to be carried and such insurance shall thereafter be carried with the limits thus agreed on until further change changed pursuant to the provisions of this Article 13Section.
Appears in 1 contract
Increase in Limits. If either Lessor or Lessee at any time deems the limits of the personal injury or property damage under the comprehensive public liability insurance then carried to be either excessive or insufficient, Lessor and or Lessee shall endeavor in good faith to agree on the proper and reasonable limits for such insurance to be carried and such insurance shall thereafter thereunder be carried with the limits thus agreed on until further change pursuant to the provisions of this Article 13Section.
Appears in 1 contract
Increase in Limits. If either Lessor or Lessee at any time deems the limits of the personal bodily injury or property damage under the comprehensive public liability insurance then carried to be either excessive or insufficient, Lessor and or Lessee shall endeavor in good faith to agree on the proper and reasonable limits for such insurance to be carried and carried; provided, however, that such limits shall not be reduced below a minimum limit of $10,000,000. Thereafter, such insurance shall thereafter be carried with the limits thus agreed on until further change pursuant to the provisions of this Article 13Section.
Appears in 1 contract
Sources: Percentage Lease Agreement (Boykin Lodging Trust Inc)
Increase in Limits. If either Lessor or Lessee at any time deems ------------------ the limits of the personal injury or property damage under the comprehensive public liability insurance then carried to be either excessive or insufficient, Lessor and Lessee shall endeavor in good faith to agree on the proper and reasonable limits for such insurance to be carried and such insurance shall thereafter be carried with the limits thus agreed on until further change pursuant to the provisions of this Article 13.
Appears in 1 contract
Increase in Limits. If either Lessor or Lessee at any time deems the limits of the personal injury or property damage under the comprehensive public liability insurance then carried to be either excessive or insufficient, Lessor and Lessee shall endeavor in good faith to agree on the proper and reasonable limits for such insurance to be carried and such insurance shall thereafter be carried with the limits thus agreed on until further change pursuant to the provisions of this Article 13XIII.
Appears in 1 contract
Increase in Limits. If either Lessor or Lessee at any time deems ------------------ the limits of the personal injury or property damage under the comprehensive public liability insurance then carried to be either excessive or insufficient, Lessor and or Lessee shall endeavor in good faith to agree on the proper and reasonable limits for such insurance to be carried and such insurance shall thereafter be carried with the limits thus agreed on until further change pursuant to the provisions of this Article 13Section.
Appears in 1 contract
Increase in Limits. If either Lessor or Lessee at any time deems the limits of the personal injury or property damage under the comprehensive public liability insurance then carried to be either excessive or insufficient, Lessor and or Lessee shall endeavor in good faith to agree on the proper and reasonable limits for such insurance to be carried and such insurance shall thereafter be carried with the limits thus agreed on until further change pursuant to the provisions of this Article 13.the
Appears in 1 contract