Laserfiche WebLink
8 <br />property damage or loss with a combined single limit at the <br />Commencement Date of this Lease of not less than Two Million Dollars <br />($2,000,000.00) per occurrence and location. Tenant shall include <br />Landlord <br />volunteers as additional insureds. The limit shall be reasonably increased <br /> <br />(ii) Special Form property insurance (which is commonly called all <br />risk ) covering Tenant Alterations and any and all furniture, fixtures, <br />equipment, inventory, improvements and other property in or about the <br />Leased Premises which is not owned by Landlord, for the then, entire <br />current replacement cost of such property. <br />(iii) Business interruption insurance in an amount sufficient to cover <br />costs, damages, lost income, expenses, Base Rent, Additional Rent and all <br />other sums payable under this Lease, should any or all of the Leased <br />Premises not be usable for a period of up to twelve (12) months. <br />(iv) <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 /> <br />Casualties of no less than A- Class VII. Each policy shall provide that it is not subject to <br />cancellation, lapse or reduction in coverage except after th <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 , 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) Receipt by the Landlord or the Landlord or other <br />insurance document showing less coverage than required is not a waiver of Tenant