Common use of Policy Form Clause in Contracts

Policy Form. All policies of insurance provided for herein shall be issued by insurance companies with a general policyholders' rating of not less than A and a financial rating of XIII as rated in the most current available "Best's Insurance Reports," and qualified to do business in the State of California. Except for workers' compensation and employers' liability, all such policies shall be issued in the names of Landlord, Tenant and such other persons or firms as Landlord specifies from time to time and shall be for the mutual and joint benefit and protection of Landlord, Tenant and others hereinabove mentioned. Executed copies of all such policies of insurance or certificates thereof shall be delivered to Landlord prior to delivery of possession of the Premises to Tenant, and thereafter within thirty (30) days prior to the expiration of the term of each such policy. All public liability and property damage policies shall contain a provision that Landlord, although named as an insured, shall nevertheless be entitled to recovery under said policies for any loss occasioned to it, its agents and employees by reason of the negligence of Tenant. As often as any such policy shall expire or terminate, renewal or additional policies shall be procured and maintained by the Tenant in like manner and to like extent. All such policies of insurance shall provide that the company writing said policy will give Landlord thirty (30) days' notice in writing in advance of any cancellation or lapse or the effective date of any reduction in the amounts of insurance. All public liability, property damage and other casualty policies shall be written as primary policies, not contributing with and not in excess of coverage which Landlord may carry.

Appears in 1 contract

Sources: Office Lease (E Greetings Network)

Policy Form. All policies of insurance provided for herein shall be issued by insurance companies with a general policyholders' rating of not less than A and a financial rating of XIII AAA as rated in the most current available "Best's ’s Insurance Reports," ”, and qualified to do business in the State of California. Except for workers' compensation , and employers' liability, all such policies shall be issued in the names of LandlordLessor, Tenant Lessee and such other persons or firms as Landlord Lessor specifies from time to time and time. Such policies shall be for the mutual and joint benefit and protection of LandlordLessor, Tenant Lessee and others hereinabove mentioned. Executed , and executed copies of all such policies of insurance or certificates thereof shall be delivered to Landlord prior to the Lessor within ten (10) days after delivery of possession of the Premises to Tenant, Lessor and thereafter within thirty (30) days prior to the expiration of the term of each such policy. All public liability and property damage policies shall contain a provision that Landlordthe Lessor, although named names as an insured, shall nevertheless be entitled to recovery under said policies for any loss occasioned to it, its servants, agents and employees by reason of the negligence of Tenantthe Lessee. As often as any such policy shall expire or terminate, renewal or additional policies shall be procured and maintained by the Tenant Lessee in like manner and to like extent. All such policies of insurance shall provide delivered to the Lessor must contain a provision that the company writing said policy will give Landlord thirty to the Lessor twenty (3020) days' notice in writing in advance of any cancellation or lapse or the effective date of any reduction in the amounts of insurance. All public liability, property damage and other casualty policies shall be written as primary policies, not contributing with and not in excess of coverage which Landlord the Lessor may carry.

Appears in 1 contract

Sources: Lease Agreement (Central Coast Bancorp)

Policy Form. All policies of insurance provided for herein in this ------------- Section 16 shall be issued by insurance companies with a general policyholders' rating of not less than A and a financial rating of XIII as rated in the most current available "Best's Insurance Reports," and qualified to do business in the State of California. Except ; and, except for workers' compensation and employers' liability, all such policies shall be issued in the names of name Landlord, Tenant and such other persons or firms and entities as Landlord specifies from time to time and shall be for the mutual and joint benefit and protection of Landlordtime, Tenant and others hereinabove mentionedas additional insureds. Executed copies or certificates of all such policies of insurance or certificates thereof shall be delivered to Landlord at least ten (10) days prior to the delivery of possession of the Premises to Tenant, and thereafter copies or certificates of all renewals of such policies of insurance within thirty (30) days prior to the expiration of the term of each such policy. All public comprehensive general liability and property damage insurance policies shall contain a provision that Landlord, although named as an insured, shall nevertheless be entitled to recovery under said such policies for any loss occasioned to itLandlord, its agents and employees by reason of the negligence or willful act of Tenant. As often as any such policy shall expire or terminate, renewal or additional policies shall be procured and maintained by the Tenant in like manner and to like extent. All such policies of insurance shall provide that the company companies writing said policy will such policies shall give to Landlord thirty (30) days' prior written notice in writing in advance (i) of any cancellation or lapse of the policies or (ii) of the effective date of any reduction in the amounts of insurance. All public liability, property damage and other casualty policies shall be written as primary policies, not contributing with and not in excess of coverage which that Landlord may carry.

Appears in 1 contract

Sources: Lease Agreement (Biomarin Pharmaceutical Inc)

Policy Form. All policies of insurance provided for herein shall be issued by insurance companies with a general policyholders' rating of not less than A and a financial rating of XIII X111 as rated in the most current available "Best's Insurance Reports," and qualified to do business in the State of California. Except for workers' compensation and employers' liability, all such policies shall be issued in the names of Landlord, Tenant and such other persons or firms as Landlord specifies from time to time and shall be for the mutual and joint benefit and protection of Landlord, Tenant and others hereinabove herein above mentioned. Executed copies of all such policies of insurance or certificates thereof shall be delivered to Landlord prior to delivery of possession of the Premises to Tenant, and thereafter within thirty (30) days prior to the expiration of the term of each such policy. All public liability and property damage policies shall contain a provision that Landlord, although named as an insured, shall nevertheless be entitled to recovery under said policies for any loss occasioned to it, its agents and employees by reason of the negligence of Tenant. As often as any such policy shall expire or terminate, renewal or additional policies shall be procured and maintained by the Tenant in like manner and to like extent. All such policies of insurance shall provide that the company writing said policy will give Landlord thirty (30) days' notice in writing in advance of any cancellation or lapse or the effective date of any reduction in the amounts of insurance. All public liability, property damage and other casualty policies shall be written as primary policies, not contributing with and not in excess of coverage which Landlord may carry.

Appears in 1 contract

Sources: Office Lease (Andromedia Inc)