Common use of Auto Policy Clause in Contracts

Auto Policy. A business automobile liability insurance policy covering all vehicles, whether owned, non-owned and hired or borrowed vehicles, used in connection with the construction, maintenance or operation of the Complex Site, naming Owner as the insured and providing a Waiver of Subrogation, affording protection against liability for bodily injury and death or for property damage in an amount not less than One Million and No/100 Dollars ($1,000,000.00) combined single limit per occurrence or its equivalent and with a self-insured retention not to exceed Two Hundred Fifty Thousand and No/100 Dollars ($250,000.00) per loss, unless such retention is lower than what is available on commercially reasonable terms and, so long as the higher retention meets the Insurance Standard, Owner shall be entitled to maintain the retention that is available on commercially reasonable terms.

Auto Policy. A business automobile liability insurance policy covering all vehicles, whether owned, non-owned and hired or borrowed vehicles, used in connection with the construction, maintenance or operation of the Complex SiteLeased Premises, naming Owner Tenant as the insured and providing a Waiver of SubrogationLandlord Insured as additional insured, affording protection against liability for bodily injury and death or for property damage in an amount not less than One Million and No/100 Dollars ($1,000,000.00) combined single limit per occurrence or its equivalent and with a self-insured retention not to exceed Two One Hundred Fifty Thousand and No/100 Dollars ($250,000.00100,000.00) per loss, unless such retention is lower than what is available on commercially reasonable terms and, so long as the higher retention meets the Insurance Standard, Owner Tenant shall be entitled to maintain the retention that is available on commercially reasonable terms.