Common use of Kinds and Amounts Clause in Contracts

Kinds and Amounts. As additional rent for the Leased Premises, Tenant shall procure and maintain policies of insurance, at its own cost and expense, insuring: (a) Landlord and Tenant from all claims, demands or actions for injury to or death of any person in an amount of not less than $1,000,000.00, for injury to or death of more than one person in any one occurrence to the limit of $2,000,000.00, and for damage to property in amount of not less than $500,000.00 made by, or on behalf of, any person or persons, firm or corporation arising from, related to or connected with the Leased Premises. Said insurance shall comprehend full coverage of the indemnity set forth in Section 13.0 hereto; (b) Tenant from all workmen's compensation claims; (c) Landlord and Tenant against breakage of all plate glass utilized in the improvements on the Leased Premises; (d) All contents and Tenant's trade fixtures, machinery, equipment, furniture and furnishings in the Leased Premises to the extent of at least ninety percent (90%) of their replacement cost under standard fire and extended coverage insurance, including, without limitation, vandalism and malicious mischief and sprinkler leakage endorsements.

Appears in 2 contracts

Sources: Industrial Space Lease (Tekgraf Inc), Industrial Space Lease (Nelnet Inc)

Kinds and Amounts. As additional rent for the Leased Premises, Tenant shall procure and maintain policies of insurance, at its own cost and expense, insuring: (a) Landlord and Tenant from all claims, demands or actions for injury to or death of any person in an amount of not less than $1,000,000.00, for injury to or death of more than one person in any one occurrence to the limit in an amount of not less than $2,000,000.00, and for damage to property in amount of not less than $500,000.00 made by, or on behalf of, any person or persons, firm or corporation arising from, related to or connected with the Leased Premises. Said insurance shall comprehend full coverage of the indemnity set forth in Section 13.0 hereto; (b) Tenant from all workmen's ’s compensation claims; (c) Landlord and Tenant against breakage of all plate glass utilized in the improvements on the Leased Premises; (d) All Alterations (but excluding the Landlord Work) and contents and Tenant's ’s trade fixtures, machinery, equipment, furniture and furnishings in the Leased Premises to the extent of at least ninety percent (90%) of their replacement cost under standard fire and extended coverage insurance, including, without limitation, vandalism and malicious mischief and sprinkler leakage endorsements; and (e) Property of others including finished goods and consigned equipment under Tenant care, custody and control.

Appears in 1 contract

Sources: Membership Interest Purchase and Sale Agreement (Global Power Equipment Group Inc.)