NOT MORE THAN ONCE EVERY TWELVE
(12) MONTHS, TO PROVIDE REASONABLE EVIDENCE OF THE VALUE OF THE IMPROVEMENTS
MADE BY TENANT TO THE PREMISES AS DESCRIBED IN THIS SUBPARAGRAPH.
(III)
INTENTIONALLY DELETED
(IV)
INTENTIONALLY DELETED
(V)
INTENTIONALLY DELETED
(VI)
PROPERTY INSURANCE TO COVER ALL PERSONAL PROPERTY, EQUIPMENT AND
FIXTURES AT ANY TIME LOCATED IN THE PREMISES.
SUCH INSURANCE SHALL INSURE
AGAINST FIRE, SPRINKLER DAMAGE, VANDALISM AND MALICIOUS MISCHIEF AND AGAINST
LOSS OR DAMAGE BY OTHER RISKS NOW OR HEREAFTER INCLUDED IN THE STANDARD FORM OF
AN ALL-RISK POLICY IN AN AMOUNT EQUAL TO THE FULL REPLACEMENT VALUE THEREOF
SUBJECT, HOWEVER, TO A COMMERCIALLY REASONABLE DEDUCTIBLE.
(B)
ALL POLICIES OF THE INSURANCE PROVIDED FOR IN PARAGRAPH 11(A) SHALL BE
ISSUED BY INSURERS OF RECOGNIZED REPUTATION AND RESPONSIBILITY.
EACH AND EVERY
SUCH POLICY:
(I)
SHALL NAME LANDLORD'S MORTGAGEE, AS DEFINED IN PARAGRAPH 28, AS
AN ADDITIONAL INSURED AS RESPECTS TENANT'S ACTS AND OMISSIONS.
IN ADDITION, THE
COVERAGE DESCRIBED IN PARAGRAPH 11(A) (II) SHALL ALSO NAME LANDLORD AS "LOSS
PAYEE."
(II)
SHALL BE MADE AVAILABLE FOR REVIEW BY LANDLORD (OR CERTIFICATES
THEREOF EVIDENCING THE REQUIRED COVERAGES SHALL BE MADE AVAILABLE FOR REVIEW BY
LANDLORD) AND CERTIFICATES THEREOF SHALL BE DELIVERED TO LANDLORD PRIOR TO
DELIVERY OF POSSESSION OF THE PREMISES TO TENANT AND THEREAFTER IF REQUESTED BY
LANDLORD WITHIN THIRTY (30) DAYS AFTER THE
17
EXPIRATION OF EACH SUCH POLICY, AND, AS OFTEN AS ANY SUCH POLICY SHALL EXPIRE OR
TERMINATE.
RENEWAL OR ADDITIONAL POLICIES SHALL BE PROCURED AND MAINTAINED BY
TENANT IN LIKE MANNER AND TO LIKE EXTENT.
(III)
SHALL CONTAIN A PROVISION THAT THE INSURER WAIVES ANY RIGHT OF
SUBROGATION AGAINST LANDLORD AN ACCOUNT OF MY LOSS OR DAMAGE TO ANY PROPERTY,
THE PREMISES OR ITS CONTENTS ARISING FROM ANY RISK COVERED BY ALL RISKS FIRE AND
EXTENDED COVERAGE INSURANCE OF THE TYPE AND AMOUNT REQUIRED TO BE CARRIED
HEREUNDER, PROVIDED THAT SUCH WAIVER DOES NOT INVALIDATE SUCH POLICIES OR
PROHIBIT RECOVERY THEREUNDER.
(IV)
SHALL CONTAIN A PROVISION THAT THE INSURER WILL ENDEAVOR TO GIVE
TO LANDLORD AND SUCH OTHER PARTIES IN INTEREST AT LEAST THIRTY (30) DAYS NOTICE
IN WRITING IN ADVANCE OF ANY MATERIAL CHANGE, CANCELLATION, TERMINATION OR
LAPSE, OF THE EFFECTIVE DATE OF ANY REDUCTION IN THE AMOUNTS OF INSURANCE.
(V)
SHALL BE WRITTEN AS PRIMARY POLICY WHICH DOES NOT CONTRIBUTE TO
AND IS NOT IN EXCESS. OF COVERAGE, WHICH LANDLORD MAY CARRY.
(C)
ANY INSURANCE PROVIDED FOR IN PARAGRAPH 11(A) MAY BE MAINTAINED BY MEANS
OF A POLICY OR POLICIES OF BLANKET INSURANCE, COVERING ADDITIONAL ITEMS OR
LOCATIONS OR INSURED; PROVIDED, HOWEVER, THAT:
(I)
LANDLORD'S MORTGAGEE SHALL BE NAMED AS AN ADDITIONAL INSURED
THEREUNDER AS ITS INTEREST MAY APPEAR.
(II)
INTENTIONALLY DELETED
(III)
ANY SUCH POLICY OR POLICIES SHALL NOT LIMIT (BEYOND THE AGGREGATE
POLICY LIMITS) THE AMOUNT OF THE TOTAL INSURANCE ALLOCATED TO THE TENANT'S
IMPROVEMENTS AND PROPERTY.
(IV)
THE REQUIREMENTS SET FORTH IN THIS PARAGRAPH 11 ARE OTHERWISE
SATISFIED.
(D)
IN THE EVENT THE TENANT SHALL FAIL TO CARRY AND MAINTAIN THE INSURANCE
COVERAGES