PURCHASE SUCH COVERAGE FOR THE OTHER AT ITS OWN
EXPENSE.
(E) CERTIFICATES OF INSURANCE.
CERTIFICATES OF INSURANCE FOR ALL INSURANCE
REQUIRED HEREBY SHALL BE FURNISHED BY SUBTENANT TO SUBLANDLORD AND MASTER
LANDLORD BEFORE THE COMMENCEMENT DATE AND THEREAFTER AT LEAST THIRTY (30) DAYS
PRIOR TO EACH CANCELLATION, NON-RENEWAL OR MATERIAL REDUCTION IN COVERAGE THAT
CAUSES THE INSURANCE TO NO LONGER MEET THE REQUIREMENTS OF THIS SUBLEASE.
THE
INSURANCE CERTIFICATES REQUIRED HEREBY SHALL PROVIDE THAT THE INSURANCE CARRIER
SHALL ENDEAVOR TO PROVIDE THE CERTIFICATE HOLDERS WITH AT LEAST TEN (10) DAYS
NOTICE PRIOR TO THE CANCELLATION, NON-RENEWAL OR ADVERSE MATERIAL CHANGE IN ANY
POLICY COVERED THEREBY AND SHALL OTHERWISE BE ACCEPTABLE IN FORM AND SUBSTANCE
TO SUBLANDLORD, BUT ANY ACCEPTANCE OF INSURANCE CERTIFICATES BY SUBLANDLORD
SHALL NOT LIMIT OR RELIEVE SUBTENANT OF ITS OBLIGATIONS UNDER THIS SECTION 8.
IF ANY POLICY OF INSURANCE REQUIRED TO BE MAINTAINED BY SUBTENANT PURSUANT TO
THIS SUBLEASE IS CANCELED OR NON-RENEWED, SUBTENANT SHALL PROMPTLY REPLACE THE
POLICY WITH A SUBSTANTIALLY SIMILAR POLICY FROM AN INSURER WITH AN A.M. BEST'S
INSURANCE RATING OF A:VIII OR BETTER, AND SUBTENANT WILL PROVIDE EVIDENCE OF
SAME TO SUBLANDLORD.
(F) SUBTENANT'S INSURANCE POLICIES.
SUBTENANT SHALL, AT ITS OWN EXPENSE, AT ALL
TIMES DURING THE SUBLEASE TERM PROVIDE AND MAINTAIN IN EFFECT THOSE INSURANCE
POLICIES AND MINIMUM LIMITS OF COVERAGE AS DESIGNATED BELOW (PROVIDED, THAT
SHOULD MASTER LANDLORD REQUIRE AN INCREASE IN SUBLANDLORD'S GENERAL LIABILITY
INSURANCE COVERAGE, SUBTENANT SHALL BE REQUIRED TO INCREASE THE GENERAL
LIABILITY INSURANCE COVERAGE REQUIRED HEREUNDER BY A SIMILAR PERCENTAGE AMOUNT)
OR BY LAW OF THE STATE IN WHICH THE SUBLEASE PREMISES ARE LOCATED.
(I)
WORKERS' COMPENSATION AND EMPLOYER'S
LIABILITY INSURANCE.
SUBTENANT SHALL CARRY WORKERS' COMPENSATION INSURANCE AS
REQUIRED BY ANY APPLICABLE LAW OR REGULATION AND, IN ACCORDANCE WITH THE
PROVISIONS OF ALL APPLICABLE LAWS. SUBTENANT SHALL CARRY EMPLOYER'S LIABILITY
INSURANCE WITH A LIMIT OF $1,000,000.
(II)
"ALL RISK" INSURANCE.
SUBTENANT SHALL
CARRY "ALL RISK" PROPERTY INSURANCE, INCLUDING FIRE, LIGHTNING, VANDALISM,
MALICIOUS MISCHIEF, AND EXTENDED PERILS, ON ANY ALTERATIONS (EXCLUDING SUBTENANT
IMPROVEMENTS) AND ALL PROPERTY OWNED BY SUBTENANT OR FOR WHICH SUBTENANT IS
LEGALLY LIABLE, OR WHICH IS LOCATED WITHIN THE SUBLEASE PREMISES, ON A FULL
REPLACEMENT COST BASIS.
SUCH COVERAGE SHALL INCLUDE BUSINESS INTERRUPTION
COVERAGE FOR A PERIOD OF NOT LESS THAN SIX (6) MONTHS.
MASTER LANDLORD,
SUBLANDLORD AND ANY OTHER ADDITIONAL INSUREDS REQUIRED TO BE NAMED IN
SUBLANDLORD'S INSURANCE POLICIES UNDER THE MASTER LEASE, AND THEIR RESPECTIVE
SUBSIDIARIES, AFFILIATES, SUCCESSORS AND ASSIGNS (AND ALL SUCH PARTIES'
RESPECTIVE OFFICERS, DIRECTORS, SHAREHOLDERS, EMPLOYEES AND AGENTS) SHALL BE
INCLUDED AS LOSS PAYEES ON SUCH COVERAGE, AS THEIR INTERESTS MAY APPEAR.
(III)
COMMERCIAL GENERAL LIABILITY INSURANCE.
SUBTENANT SHALL CARRY COMMERCIAL GENERAL LIABILITY INSURANCE HAVING A SINGLE
LIMIT OF NO LESS THAN $1,000,000 PER OCCURRENCE OR PER CLAIM AND $2,000,000 IN
THE ANNUAL AGGREGATE.
SUCH INSURANCE SHALL PROVIDE COVERAGE FOR (A) BODILY
INJURY, PROPERTY DAMAGE, PERSONAL INJURY AND ADVERTISING INJURY, (B) CONTRACTUAL
LIABILITY, NOT ONLY FOR BODILY INJURY AND PROPERTY DAMAGE BUT ALSO FOR PERSONAL
INJURY AND ADVERTISING INJURY,