INCLUDING, BUT NOT LIMITED TO, COVERAGE,
AFTER COMMERCIALLY REASONABLE DEDUCTIBLES, THE FULL REPLACEMENT VALUE OF
TENANT'S IMPROVEMENTS, INCLUDING ALL TENANT IMPROVEMENTS COMPLETED BY LANDLORD
OR TENANT, BETTERMENTS, FURNITURE, FIXTURES, EQUIPMENT AND ALL CONTENTS IN THE
PREMISES.
(B)
TENANT SHALL CARRY AND MAINTAIN, OR CAUSE TO BE CARRIED AND
MAINTAINED, AT ALL TIMES DURING THE TERM OF THIS LEASE AND AT TENANT'S SOLE COST
AND EXPENSE A COMMERCIAL GENERAL LIABILITY INSURANCE POLICY (HEREINAFTER
REFERRED TO AS A "LIABILITY POLICY").
SUCH LIABILITY POLICY SHALL INCLUDE
LANDLORD, JONES LANG LASALLE AMERICAS, INC. (AND ANY OTHER PARTY REASONABLY
REQUIRED BY LESSOR), AS ADDITIONAL INSURED AND BE WRITTEN ON AN "OCCURRENCE
BASIS" INCLUDING, WITHOUT LIMITATION, BLANKET CONTRACTUAL LIABILITY COVERAGE,
BROAD FORM PROPERTY DAMAGE, AND PERSONAL INJURY COVERAGE PROTECTING LANDLORD
AGAINST LIABILITY OCCASIONED BY ANY OCCURRENCE ON OR ABOUT THE PREMISES OR THE
BUILDING.
SUCH LIABILITY POLICY SHALL BE MAINTAINED IN AN AMOUNT NOT LESS THAN
$1,000,000.00 FOR A SINGLE OCCURRENCE LIMIT AND $2,000,000.00 FOR AN AGGREGATE
LIMIT, AND, IN ADDITION, $5,000,000.00 OF EXCESS OR UMBRELLA LIABILITY
INSURANCE.
(C)
TENANT SHALL CARRY AND MAINTAIN, OR CAUSE TO BE CARRIED AND
MAINTAINED, AT ALL TIMES DURING THE TERM OF THIS LEASE AND AT TENANT'S EXPENSE
STATUTORY WORKERS COMPENSATION AND EMPLOYERS LIABILITY INSURANCE WITH THE
FOLLOWING MINIMUM LIMITS:
Bodily injury by disease per person
$1,000,000
Bodily injury by accident policy limit
$1,000,000
Bodily injury by disease policy limit
$1,000,000
(D)
TENANT SHALL CARRY AND MAINTAIN, OR CAUSE TO BE CARRIED AND
MAINTAINED, AT ALL TIMES DURING THE TERM OF THIS LEASE AND AT TENANT'S EXPENSE
SUCH OTHER INSURANCE OR SUCH ADDITIONAL AMOUNTS OF INSURANCE WITH RESPECT TO THE
PREMISES AS IS GENERALLY MAINTAINED BY PERSONS HAVING SIMILAR EXPOSURES OR
PROPERTIES SIMILARLY SITUATED AND AS THE LANDLORD SHALL FROM TIME TO TIME
REASONABLY REQUIRE.
(E)
THE INSURANCE REQUIRED UNDER THIS SECTION SHALL BE WRITTEN BY
INSURERS AUTHORIZED AND LICENSED TO CONDUCT BUSINESS IN THE STATE WHERE THE
PROPERTY IS LOCATED AND SHALL HAVE AN A.M. BEST COMPANY RATING OF "A -" OR
BETTER AND SHALL HAVE FINANCIAL SIZE CATEGORY OF NOT LESS THAN VIII.
ALL
INSURERS USED BY TENANT HEREUNDER SHALL WAIVE ANY AND ALL RIGHTS OF SUBROGATION
AGAINST LANDLORD, ITS AGENTS, CONTRACTORS, DIRECTORS, OFFICERS AND SHAREHOLDERS
FOR LOSSES PAYABLE.
(F)
IN THE EVENT ANY OF THE INSURANCE REQUIRED UNDER THIS SECTION IS
CANCELLED (IN WHOLE OR IN PART) FOR ANY REASON WHATSOEVER, INCLUDING NONPAYMENT
OF PREMIUM, SUCH CANCELLATION SHALL NOT BE EFFECTIVE AS TO THE LANDLORD UNTIL AT
LEAST THIRTY (30) DAYS AFTER RECEIPT BY THE LANDLORD AND TENANT OF WRITTEN
NOTICE FROM EACH INSURER OF SUCH CANCELLATION.
(G)
CERTIFICATES OF INSURANCE (IN A FORM SUBSTANTIALLY SIMILAR TO AN
ACCORD FORM 27) EXECUTED BY AUTHORIZED REPRESENTATIVES OF INSURANCE COMPANIES
SHALL BE ISSUED IN CONNECTION WITH EACH OF THE POLICIES REQUIRED UNDER
SECTIONS (B), (C), (D) AND (E) AND DELIVERED TO THE LANDLORD PRIOR TO THE
COMMENCEMENT DATE AND FROM TIME TO TIME UPON RENEWAL OF SUCH COVERAGE AS SOON AS
REASONABLY PRACTICABLE, BUT IN NO EVENT LATER THAN