Common use of TENANT TO INDEMNIFY Clause in Contracts

TENANT TO INDEMNIFY. The Tenant agrees to indemnify and hold harmless the Landlord from any liability for damages to any person or property in, on or about said demised premises from any cause whatsoever; and Tenant will procure and keep in effect during the term hereof public liability and property damage insurance for the benefit of the Landlord and Tenant, as their interests may appear, in the sum of FIVE HUNDRED THOUSAND ($500,000) DOLLARS for damages resulting to one person and TWO MILLION ($2,000,000) DOLLARS for damages resulting from one casualty, and ONE MILLION ($1,000,000) DOLLARS property damage insurance resulting from any one occurrence. Subject to the provisions of Paragraph 16 hereof, Tenant shall deliver said policies to the Landlord and upon Tenant's failure to obtain insurance as required in this Paragraph the Landlord may at its option obtain such insurance and the cost thereof shall be paid as additional rent due and payable upon the next ensuing rent day.

Appears in 1 contract

Sources: Lease Agreement (LDM Technologies Co)

TENANT TO INDEMNIFY. The Tenant agrees to indemnify indemnify, defend and hold harmless the Landlord from any liability for and all claims, demands or liabilities or damages to or costs, fees or expenses of whatsoever kind or nature which in any person or property in, on or about said demised premises from any cause whatsoever; way arise of the Tennat’s use and occupancy of the premises. Tenant will procure and keep in effect during the term hereof public liability and property damage insurance for the benefit of the Landlord and Tenant, as their interests may appear, in the sum of FIVE HUNDRED THOUSAND One Million and 00/100 Dollars ($500,0001,000,000.00) DOLLARS for damages resulting to one person and TWO MILLION One Million and 00/100 Dollars ($2,000,0001,000,000.00) DOLLARS for damages resulting from one casualty, and ONE MILLION One Million and 00/100 Dollars ($1,000,0001,000,000.00) DOLLARS property damage insurance resulting from any one occurrence. Subject to the provisions of Paragraph 16 hereof, Tenant shall deliver said policies to the Landlord prior to taking possession of the Leased Premises, and upon Tenant▇▇▇▇▇▇'s failure to obtain insurance as required in this Paragraph do so, the Landlord may may, at its option his sole option, obtain such insurance and the cost thereof shall be paid as additional rent due and payable upon the next ensuing rent day. The obligations of Tenant under this paragraph shall survive the termination of this Lease.

Appears in 1 contract

Sources: Commercial Lease Agreement