PER OCCURRENCE.
ANY COMPANY WRITING TENANT'S
INSURANCE SHALL HAVE AN A.M. BEST RATING OF NOT LESS THAN A-VIII.
ALL
COMMERCIAL GENERAL LIABILITY INSURANCE POLICIES SHALL NAME AS ADDITIONAL
INSUREDS LANDLORD (OR ITS SUCCESSORS AND ASSIGNEES), THE HOLDER(S) OF ANY
MORTGAGE(S) ENCUMBERING THE PREMISES, THE MANAGING AGENT FOR THE BUILDING (OR
ANY SUCCESSOR), AND THEIR RESPECTIVE MEMBERS, PRINCIPALS, BENEFICIARIES,
PARTNERS, OFFICERS, DIRECTORS, EMPLOYEES, AND AGENTS, AND OTHER DESIGNEES OF
LANDLORD AND ITS SUCCESSORS AS THE INTEREST OF SUCH DESIGNEES SHALL APPEAR. ALL
POLICIES OF TENANT'S INSURANCE SHALL CONTAIN ENDORSEMENTS THAT THE
INSURER(S) SHALL GIVE LANDLORD AND ITS DESIGNEES AT LEAST THIRTY (30) DAYS'
ADVANCE WRITTEN NOTICE OF ANY CANCELLATION, TERMINATION, MATERIAL CHANGE OR
LAPSE OF INSURANCE. TENANT SHALL PROVIDE LANDLORD WITH A CERTIFICATE OF
INSURANCE EVIDENCING TENANT'S INSURANCE PRIOR TO THE COMMENCEMENT DATE, AND
THEREAFTER AS NECESSARY TO ASSURE THAT LANDLORD ALWAYS HAS CURRENT CERTIFICATES
EVIDENCING TENANT'S INSURANCE. TENANT'S INSURANCE REQUIREMENTS STIPULATED HEREIN
ARE BASED UPON CURRENT INDUSTRY STANDARDS, AND LANDLORD RESERVES THE RIGHT TO
REQUIRE ADDITIONAL COVERAGE AND/OR TO INCREASE LIMITS AS INDUSTRY STANDARDS
CHANGE AND/OR AS REQUIRED BY LANDLORD'S MORTGAGEES FROM TIME TO TIME.
SO LONG
AS THE SAME IS AVAILABLE AT COMMERCIALLY REASONABLE RATES, LANDLORD SHALL
MAINTAIN SO CALLED ALL RISK PROPERTY INSURANCE ON THE BUILDING AT REPLACEMENT
COST VALUE AS REASONABLY ESTIMATED BY LANDLORD.
14.2
TENANT SHALL NOT STORE ANY ARTICLE OR DO ANYTHING
IN OR ABOUT THE PREMISES WHICH MAY BE PROHIBITED BY LANDLORD'S INSURANCE
POLICIES OR ANY ENDORSEMENTS OR FORMS ATTACHED THERETO, OR WHICH WILL INCREASE
ANY INSURANCE RATES AND PREMIUMS ON THE PREMISES OR THE BUILDING.
TENANT SHALL
PAY WITHIN TEN (10) DAYS OF WRITTEN DEMAND ANY INCREASE IN PREMIUMS FOR
LANDLORD'S INSURANCE THAT MAY BE CHARGED ON SUCH INSURANCE CARRIED BY LANDLORD
RESULTING FROM TENANT'S USE AND OCCUPANCY OF THE PREMISES OR THE BUILDING,
WHETHER OR NOT LANDLORD HAS CONSENTED TO THE SAME.
IN DETERMINING WHETHER
INCREASED PREMIUMS ARE THE RESULT OF TENANT'S USE, OCCUPANCY OR VACANCY OF THE
PREMISES, A SCHEDULE ISSUED BY THE ORGANIZATION MAKING THE FIRE INSURANCE,
EXTENDED COVERAGE, VANDALISM AND MALICIOUS MISCHIEF, SPECIAL EXTENDED COVERAGE
OR ANY ALL-RISK INSURANCE RATES FOR SAID PREMISES OR ANY RULE BOOKS ISSUED BY
THE RATING ORGANIZATION OR SIMILAR BODIES OR BY RATING PROCEDURES OR RULES OF
LANDLORD'S INSURANCE COMPANIES SHALL BE CONCLUSIVE EVIDENCE OF THE SEVERAL ITEMS
AND CHARGES WHICH MAKE UP THE INSURANCE RATES ON THE PREMISES AND THE BUILDING.
15.
SUBROGATION.
Landlord and Tenant hereby waive and shall cause their respective insurance
carriers to waive any and all rights of recovery, claims, actions or causes of
action against the other for any loss or damage with respect to Tenant's
Property, Leasehold Improvements, the Building, the Premises, or any contents
thereof, including rights, claims, actions and causes of action based on
negligence, which loss or damage is (or would have been, had the insurance
required by this Lease been carried) covered by insurance.
13
16.
CASUALTY DAMAGE.
16.1
IF ALL OR ANY PORTION OF THE PREMISES BECOMES
UNTENANTABLE BY FIRE OR