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• <br /> (iii) Not Used. <br /> (iv) A policy of worker's compensation insurance if and as required by <br /> applicable law and employer's liability insurance with limits of no less than <br /> One Million and No/100 Dollars ($1,000,000.00). <br /> (v) In the event Tenant acquires company automobiles, a policy of <br /> comprehensive automobile liability insurance, including loading and <br /> unloading, and covering owned and hired vehicles with limits of no less <br /> than One Million Dollars ($1,000,000.00) per occurrence. <br /> (b) All insurance policies required under this Section 16 shall be with <br /> companies having a rating according to Best's Insurance Key Rating Guide for Property — <br /> Casualties of no less than A- Class VIII. Each policy shall provide that it is not subject to <br /> cancellation, lapse or reduction in coverage except after thirty (30) days' written notice to <br /> Landlord. Tenant shall deliver to Landlord, prior to the commencement of its occupation of the <br /> Leased Premises and,from time to time thereafter, at Landlord's request, certificates evidencing <br /> the existence and amounts of all such policies and copies of such insurance policies. There shall <br /> be no deductible amount applicable with respect to the Tenant's policy of commercial general <br /> liability insurance, unless approved in advance by Landlord in writing. Deductibles for Tenant's <br /> "special form" property insurance shall be commercially reasonable and customary. There shall <br /> be no self-insured retention with respect to the insurance requirements under this Section 16, <br /> unless approved in advance in writing by Landlord in its sole discretion. <br /> (c) If Tenant fails to acquire or maintain any insurance or provide evidence of <br /> insurance required by this Section 16, Landlord may, but shall not be required to, obtain such <br /> insurance or evidence and the costs associated with obtaining such insurance or evidence shall <br /> be payable by Tenant to Landlord on demand together with a fee for overhead and administrative <br /> expenses equal to 10%of such costs. <br /> (d) Waiver of Subrogation. Landlord and Tenant each mutually release the <br /> other from every right,claim and demand which may hereafter arise in favor of either arising out <br /> of or in connection with any loss occasioned by fire, earthquake or other casualty and such other <br /> perils as are included in the provisions of the normal extended coverage clauses of fire and <br /> casualty insurance policies, and hereby waive all rights of subrogation in favor of insurance <br /> carriers arising out of any such losses and sustained by either Landlord or Tenant in or to the <br /> Leased Premises or any property therein, but only to the extent of deductibles specified in the <br /> insurance policies plus the insurance proceeds paid to such party under its policies of insurance <br /> or, if it fails to maintain the required policies,the insurance proceeds that would have been paid <br /> to such party if it had maintained such policies. This waiver of subrogation shall be effective to a <br /> person or entity even though that person or entity would otherwise have a duty of <br /> indemnification,contractual or otherwise,whether or not the person or entity paid the insurance <br /> i0 <br />