DURING
THE TERM WITH RESPECT TO THE PREMISES AND TENANT'S USE THEREOF AND OF THE
PROPERTY:
(I)
WORKER'S COMPENSATION INSURANCE IN THE AMOUNTS REQUIRED BY
STATUTE, AND EMPLOYER LIABILITY INSURANCE IN AT LEAST THE FOLLOWING AMOUNTS:
(A) BODILY INJURY BY ACCIDENT - $500,000 PER ACCIDENT, (B) BODILY INJURY BY
DISEASE - $500,000 PER EMPLOYEE, AND (C) AGGREGATE LIMIT - $1,000,000 PER POLICY
YEAR.
(II)
PROPERTY DAMAGE INSURANCE FOR THE PROTECTION OF TENANT AND
LANDLORD, AS THEIR INTERESTS MAY APPEAR, COVERING ANY ALTERATIONS OR
IMPROVEMENTS IN EXCESS OF ANY WORK PROVIDED OR PAID FOR BY LANDLORD UNDER THIS
LEASE, TENANT'S PERSONAL PROPERTY, BUSINESS RECORDS, FIXTURES AND EQUIPMENT, AND
OTHER INSURABLE RISKS IN AMOUNTS NOT LESS THAN THE FULL INSURABLE REPLACEMENT
COST OF SUCH PROPERTY AND FULL INSURABLE VALUE OF SUCH OTHER INTERESTS OF
TENANT, WITH COVERAGE AT LEAST AS BROAD AS THE MOST RECENT EDITIONS PUBLISHED BY
INSURANCE SERVICES OFFICE, INC. OR ANY SUCCESSOR ORGANIZATION ("ISO"), OF:
(A) BUILDING AND PERSONAL PROPERTY COVERAGE FORM (CP0010), (B) BUSINESS INCOME
COVERAGE FORM (CP0030), COVERING AT LEAST ONE YEAR OF ANTICIPATED INCOME,
(C) BOILER AND MACHINERY COVERAGE FORM (BM0025), (D) CAUSES OF SPECIAL LOSS FORM
(CP1030), AND (E) SPRINKLER LEAKAGE - EARTHQUAKE EXTENSION (CP1039).
(III)
COMMERCIAL GENERAL LIABILITY INSURANCE ("CGL") AT LEAST AS BROAD
AS THE MOST RECENT ISO EDITION OF COMMERCIAL GENERAL LIABILITY COVERAGE FORM
(CG0001) WITH LIMITS OF AT LEAST THE FOLLOWING AMOUNTS: (A) DEATH OR BODILY
INJURY - $2,000,000, (B) PROPERTY DAMAGE OR DESTRUCTION (INCLUDING LOSS OF USE
THEREOF) - $1,000,000, (C) PRODUCTS/COMPLETED OPERATIONS - $1,000,000,
(D) PERSONAL OR ADVERTISING INJURY - $1,000,000, (E) EACH OCCURRENCE LIMIT -
$2,000,000, AND (F) GENERAL AGGREGATE LIMIT - $3,000,000 PER POLICY YEAR.
SUCH
POLICY SHALL INCLUDE ENDORSEMENTS: (1) FOR CONTRACTUAL LIABILITY COVERING
TENANT'S INDEMNITY OBLIGATIONS UNDER THIS LEASE, AND (2) ADDING LANDLORD, AND
LANDLORD'S AGENTS, REPRESENTATIVES OR ADVISORS, INCLUDING, BUT NOT LIMITED TO,
LINCOLN PROPERTY COMPANY, THE MANAGEMENT COMPANY FOR THE PROPERTY, AND OTHER
PARTIES DESIGNATED BY LANDLORD, AS ADDITIONAL INSUREDS, ON A FORM AT LEAST AS
BROAD AS THE MOST RECENT EDITION OF ADDITIONAL INSURED - MANAGER OR LESSOR OF
PREMISES ENDORSEMENT FORM (CG2011) PUBLISHED BY ISO.
TENANT SHALL ALSO MAINTAIN
UMBRELLA EXCESS LIABILITY INSURANCE ON A FOLLOWING FORM BASIS IN EXCESS OF THE
REQUIRED COMMERCIAL GENERAL LIABILITY INSURANCE WITH LIMITS NOT LESS THAN FIVE
MILLION DOLLARS ($5,000,000) PER OCCURRENCE AND AGGREGATE.
NOTWITHSTANDING
ANYTHING CONTAINED HEREIN TO THE CONTRARY, THE FOREGOING REQUIRED LIMITS OF
TENANT'S CGL POLICY MAY BE PROVIDED THROUGH A COMBINATION OF PRIMARY AND EXCESS
COVERAGES SO LONG AS THE COVERAGE AFFORDED LANDLORD SHALL NOT BE REDUCED OR
OTHERWISE ADVERSELY AFFECTED.
(IV)
CERTIFICATES, SUBROGATION AND OTHER MATTERS.
TENANT SHALL PROVIDE
LANDLORD WITH CERTIFICATES EVIDENCING THE COVERAGE REQUIRED HEREUNDER PRIOR TO
THE COMMENCEMENT DATE, OR TENANT'S ENTRY TO THE PREMISES FOR CONSTRUCTION OF
IMPROVEMENTS OR ANY OTHER PURPOSE (WHICHEVER FIRST OCCURS).
SUCH CERTIFICATES
SHALL: (I) BE ON ACORD FORM 27 OR SUCH OTHER FORM
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REASONABLY APPROVED OR REQUIRED BY LANDLORD, (II) STATE THAT SUCH INSURANCE
COVERAGE MAY NOT BE CHANGED,