OF THREE MILLION
DOLLARS ($3,000,000.00) FOR INJURY OR DEATH OF MORE THAN ONE PERSON IN ANY ONE
ACCIDENT OR OCCURRENCE, SHALL INCLUDE CONTRACTUAL LIABILITY COVERAGE (WHICH
SHALL INCLUDE BROAD FORM CONTRACTUAL COVERAGE, INCLUDING, TO THE EXTENT
AVAILABLE, COVERAGE FOR TENANT'S INDEMNIFICATION OBLIGATIONS IN THIS LEASE), AND
SHALL CONTAIN A SEVERABILITY OF INTEREST CLAUSE OR A CROSS LIABILITY ENDORSEMENT
AND A PER LOCATION ENDORSEMENT PURSUANT TO WHICH THE COVERAGE AVAILABLE PURSUANT
TO THIS LEASE WILL NOT BE SUBJECT TO REDUCTION OR EXHAUSTION BY REASON OF
OCCURRENCES AT LOCATIONS OTHER THAN THE PROJECT.
SUCH INSURANCE SHALL FURTHER
INSURE LANDLORD AND TENANT AGAINST LIABILITY FOR PROPERTY DAMAGE OF ONE MILLION
DOLLARS ($1,000,000.00).
LANDLORD MAY FROM TIME TO TIME, BUT NOT MORE
FREQUENTLY THAN EVERY FIVE (5) YEARS, REQUIRE REASONABLE INCREASES IN ANY SUCH
LIMITS IF LANDLORD BELIEVES THAT ADDITIONAL COVERAGE IS NECESSARY OR DESIRABLE,
BUT LANDLORD SHALL NOT REQUIRE INCREASES ABOVE THE INSURANCE LIMITS TYPICALLY
REQUIRED FROM TIME TO TIME UNDER INSTITUTIONAL ASSET MANAGEMENT PRACTICES.
THE
FOREGOING BODILY INJURY AND PROPERTY DAMAGE LIMITS MAY BE CARRIED ON A COMBINED
SINGLE LIMIT BASIS AND MAY BE PROVIDED IN A COMBINATION OF PRIMARY COVERAGE AND
UMBRELLA OR EXCESS COVERAGE.
THE LIMIT OF ANY INSURANCE SHALL NOT LIMIT THE
LIABILITY OF TENANT HEREUNDER.
SUCH POLICIES OF INSURANCE SHALL BE PRIMARY AND
NOT CONTRIBUTING WITH OR IN EXCESS OF COVERAGE THAT LANDLORD MAY CARRY, BY AN
INSURANCE COMPANY AUTHORIZED TO DO BUSINESS IN THE STATE OF COLORADO
22
FOR THE ISSUANCE OF SUCH TYPE OF INSURANCE COVERAGE AND RATED OR BETTER
IN A.M. BEST COMPANY'S KEY RATING GUIDE.
14.02
PERSONAL PROPERTY INSURANCE.
TENANT SHALL MAINTAIN ALL-RISK
PROPERTY INSURANCE ON ALL OF ITS PERSONAL PROPERTY, FURNITURE (INCLUDING
CUBICLES), FURNISHINGS, TRADE OR BUSINESS FIXTURES AND EQUIPMENT, AND SIGNAGE ON
OR ABOUT THE PREMISES, INCLUDING (WITHOUT LIMITATION) TENANT'S TELEPHONE,
COMPUTER AND TELECOMMUNICATIONS SYSTEMS, EQUIPMENT AND LINES AND THE ROOFTOP
EQUIPMENT (COLLECTIVELY, "TENANT'S PROPERTY"), A POLICY OR POLICIES OF FIRE AND
EXTENDED COVERAGE INSURANCE.
LANDLORD SHALL HAVE NO INTEREST IN THE INSURANCE
UPON TENANT'S PROPERTY AND WILL SIGN ALL DOCUMENTS REASONABLY NECESSARY IN
CONNECTION WITH THE SETTLEMENT OF ANY CLAIM OR LOSS BY TENANT.
LANDLORD WILL
NOT CARRY INSURANCE ON TENANT'S PROPERTY.
TENANT WILL ADMINISTER ANY CLAIMS
WITH ITS INSURER RELATING TO INSURANCE ON TENANT'S PROPERTY, AND INSURANCE
BENEFITS THEREFROM WILL BE PAYABLE TO TENANT.
TENANT ACKNOWLEDGES THAT, IN
LIGHT OF ITS OPPORTUNITY TO INSURE TENANT'S PROPERTY AND WHETHER OR NOT SUCH
INSURANCE IS CARRIED, TENANT SHALL ASSUME AND BE RESPONSIBLE FOR ANY AND ALL
LOSS OF, DAMAGE TO, AND OTHER CLAIMS IN RESPECT OF TENANT'S PROPERTY FROM ANY
CAUSE WHATSOEVER, AND TENANT SHALL NOT MADE ANY CLAIM AGAINST LANDLORD OR ANY
INSURANCE CARRIED BY LANDLORD IN RESPECT OF ANY SUCH LOSS, DAMAGE OR CLAIM.
14.03
WORKER'S COMPENSATION INSURANCE; EMPLOYER'S LIABILITY INSURANCE.
TENANT SHALL, AT TENANT'S EXPENSE, MAINTAIN IN FULL FORCE AND EFFECT STATUTORY
WORKER'S COMPENSATION INSURANCE, AND EMPLOYER'S LIABILITY INSURANCE WITH A
MINIMUM LIMIT OF COVERAGE OF ONE MILLION DOLLARS ($1,000,000.00).
14.04
EVIDENCE OF COVERAGE.
TENANT SHALL DELIVER