AN "IF ANY" BASIS; (3)
INDEPENDENT CONTRACTORS; (4) BLANKET CONTRACTUAL LIABILITY FOR ALL WRITTEN AND
ORAL CONTRACTS; AND (5) CONTRACTUAL LIABILITY COVERING THE INDEMNITIES CONTAINED
IN THE SECURITY INSTRUMENTS TO THE EXTENT THE SAME IS AVAILABLE;
(IV)
IF AND TO THE EXTENT NOT COVERED BY THE INSURANCE REQUIRED TO BE
MAINTAINED PURSUANT TO SECTION 6.1(A)(I) AND SECTION 6.1(A)(III) HEREOF, AT ALL
TIMES DURING WHICH STRUCTURAL CONSTRUCTION, REPAIRS OR ALTERATIONS ARE BEING
MADE WITH RESPECT TO THE IMPROVEMENTS (A) OWNER'S CONTINGENT LIABILITY INSURANCE
OR ITS EQUIVALENT COVERING CLAIMS NOT COVERED BY OR UNDER THE TERMS OR
PROVISIONS OF THE COMMERCIAL GENERAL LIABILITY INSURANCE PROVIDED FOR IN SECTION
6.1(A)(III) HEREOF; AND (B) THE INSURANCE PROVIDED FOR IN SECTION 6.1(A)(I)
HEREOF SHALL BE WRITTEN IN A SO CALLED BUILDER'S RISK COMPLETED VALUE FORM (1)
ON A NON-REPORTING BASIS, (2)
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AGAINST ALL RISKS INSURED AGAINST PURSUANT TO SECTION 6.1(A)(I) HEREOF, (3)
SHALL INCLUDE PERMISSION TO OCCUPY THE APPLICABLE INDIVIDUAL PROPERTY, AND (4)
SHALL CONTAIN AN AGREED AMOUNT ENDORSEMENT WAIVING CO INSURANCE PROVISIONS;
(V)
WORKERS' COMPENSATION, SUBJECT TO THE STATUTORY LIMITS OF THE
STATE(S) IN WHICH EACH INDIVIDUAL PROPERTY IS LOCATED, AND EMPLOYER'S LIABILITY
INSURANCE WITH A LIMIT OF AT LEAST $2,000,000 PER ACCIDENT AND PER DISEASE PER
EMPLOYEE, AND $2,000,000 FOR DISEASE IN THE AGGREGATE IN RESPECT OF ANY WORK OR
OPERATIONS ON OR ABOUT ANY INDIVIDUAL PROPERTY, OR IN CONNECTION WITH SUCH
INDIVIDUAL PROPERTY OR ITS OPERATION (IF APPLICABLE);
(VI)
COMPREHENSIVE BOILER AND MACHINERY INSURANCE, IF APPLICABLE, IN
SUCH AMOUNTS AS SHALL BE REASONABLY REQUIRED BY LENDER (PROVIDED SUCH INSURANCE
IN SUCH AMOUNTS IS GENERALLY AVAILABLE AT COMMERCIALLY REASONABLE PREMIUMS AND
IS GENERALLY REQUIRED BY INSTITUTIONAL LENDERS FOR PROPERTIES COMPARABLE TO THE
PROPERTIES), ON TERMS CONSISTENT WITH THE COMMERCIAL PROPERTY INSURANCE POLICY
REQUIRED UNDER SECTION 6.1(A)(I) HEREOF;
(VII)
IF ANY PORTION OF THE IMPROVEMENTS ON ANY INDIVIDUAL PROPERTY IS
AT ANY TIME LOCATED IN AN AREA IDENTIFIED BY THE SECRETARY OF HOUSING AND URBAN
DEVELOPMENT OR ANY SUCCESSOR THERETO AS AN AREA HAVING SPECIAL FLOOD HAZARDS
PURSUANT TO THE NATIONAL FLOOD INSURANCE ACT OF 1968, THE FLOOD DISASTER
PROTECTION ACT OF 1973 OR THE NATIONAL FLOOD INSURANCE REFORM ACT OF 1994, AS
EACH MAY BE AMENDED, OR ANY SUCCESSOR LAW (THE "FLOOD INSURANCE ACTS"), FLOOD
HAZARD INSURANCE OF THE FOLLOWING TYPES AND IN THE FOLLOWING AMOUNTS: (A)
COVERAGE UNDER POLICIES ISSUED PURSUANT TO THE FLOOD INSURANCE ACTS (THE "FLOOD
INSURANCE POLICIES") IN AN AMOUNT EQUAL TO THE MAXIMUM LIMIT OF COVERAGE
AVAILABLE FOR SUCH INDIVIDUAL PROPERTY UNDER THE FLOOD INSURANCE ACTS, SUBJECT
ONLY TO CUSTOMARY DEDUCTIBLES UNDER SUCH POLICIES AND (B) COVERAGE UNDER
SUPPLEMENTAL PRIVATE POLICIES IN AN AMOUNT, WHICH WHEN ADDED TO THE COVERAGE
PROVIDED UNDER THE FLOOD INSURANCE POLICIES WITH RESPECT TO SUCH INDIVIDUAL
PROPERTY, IS NOT LESS THE AGGREGATE AMOUNT OF THE LOAN, THE MORTGAGE LOAN AND
THE MEZZANINE B LOAN (PROVIDED SUCH PRIVATE FLOOD HAZARD INSURANCE IS GENERALLY
AVAILABLE AT REASONABLE PREMIUMS AND IS GENERALLY REQUIRED BY INSTITUTIONAL
LENDERS FOR SIMILAR PROPERTIES);
(VIII)
EARTHQUAKE INSURANCE, FOR PROPERTIES