Common use of Form of Policies and Additional Requirements Clause in Contracts

Form of Policies and Additional Requirements. Each liability insurance policy described above (except employer’s policies) shall name Landlord, Landlord’s agent and advisor, Landlord’s property manager and any mortgages and expressly including any trustees, directors, officers, employees or agents of any such entities, all as additional insureds. Each property insurance policy described above shall name Landlord as loss payee with respect to any permanently affixed improvements and betterments to the Premises. All such policies shall (i) be issued by insurers licensed to do business in the state in which the Property is located, (ii) be issued by insurers with a current rating of “A-” “VIII” or better in Best’s Insurance Reports, (iii) be primary without right of contribution from any of Landlord’s insurance, (iv) be written on an occurrence (and not claims-made) basis, and (v) be uncancellable without at least 30 days’ prior written notice to the Landlord and any Mortgagee. At least 15 days before the Commencement Date (or, if earlier, the date Tenant first enters into the Premises for any reason), Tenant shall deliver to the Landlord certificates of insurance satisfactory to Landlord for each such policy required above. Within 10 days after any such policy expires, Tenant shall deliver to the Landlord a certificate of renewal evidencing replacement of the policy. The limits of insurance required by this Lease or as otherwise carried by Tenant shall not limit the liability of Tenant or relieve Tenant of any obligations under this Lease, except to the extent provided in any waiver of subrogation contained in this Lease. Tenant shall have sole responsibility for payment of all deductibles.

Form of Policies and Additional Requirements. Each liability insurance policy described above (except employer’s policies) shall name Landlord, LandlordXxxxxxxx’s agent and advisor, LandlordXxxxxxxx’s property manager manager, and any mortgages and expressly including any trustees, directors, officers, employees or agents of any such entitiesmortgages, all as additional insuredsinsured’s. Each property insurance policy described above shall name Landlord as loss payee with respect to any permanently affixed improvements and betterments betterments. to the Premises. All such policies shall (i) be issued by insurers licensed to do business in the state in which the Property is located, (ii) be issued by insurers with a current rating of “A-” “VIII” or better in Best’s Insurance Reports, (iii) be primary without right of contribution from any of Landlord’s insurance, (iv) be written on an occurrence (and not claims-made) basis, and (v) be uncancellable without at least 30 thirty (30) days’ prior written notice to the Landlord and any MortgageeLandlord. At least 15 fifteen (15) days before the Commencement Date (or, if earlier, the date Tenant first enters into the Premises for any reason), Tenant shall deliver to the Landlord certificates of insurance satisfactory to Landlord for each such policy required above. Within 10 ten (10) days after any such policy expires, Tenant shall deliver to the Landlord a certificate of renewal evidencing replacement of the policy. The limits of insurance required by this Lease or as otherwise carried by Tenant shall not limit the liability of Tenant or relieve Tenant of any obligations under this Lease, except to the extent provided in any waiver of subrogation contained in this Lease. Tenant shall have sole responsibility for payment of all deductibles.

Form of Policies and Additional Requirements. Each The insurance -------------------------------------------- requirements set forth in Section 8.1 and Section 8.2 are independent of the waiver, indemnification, and other obligations of Tenant and Landlord under this Lease and will not be construed or interpreted in any way to restrict, limit or modify Tenant's or Landlord's waiver, indemnification and other obligations or to in any way limit Tenant's or Landlord's liability under this Lease. In addition to the requirements set forth in Section 8.1 and Section 8.2, the ----------- ----------- insurance policy described above required of Tenant and Landlord under this Article 8 must (except employer’s policiesa) shall name Landlordbe --------- issued by an insurance company with a rating of no less than A-VIII in the current Best's Insurance Guide, Landlord’s agent and advisor, Landlord’s property manager and any mortgages and expressly including any trustees, directors, officers, employees or agents of any such entities, all as additional insureds. Each property insurance policy described above shall name that is otherwise reasonably acceptable to Landlord as loss payee with respect to any permanently affixed improvements Tenant's insurance or to Tenant as to Landlord's insurance, and betterments admitted to the Premises. All such policies shall (i) be issued by insurers licensed to do business engage in the state business of insurance in which the Property is locatedState of Texas; and (b) provide that insurance may not be canceled, (ii) be issued by insurers with a current rating nonrenewed or the subject of “A-” “VIII” material change in coverage or better available limits of coverage, except, in Best’s Insurance Reports, (iii) be primary without right the case of contribution from any of Landlord’s Tenant's insurance, upon thirty (iv30) be written on an occurrence (and not claims-made) basis, and (v) be uncancellable without at least 30 days’ ' prior written notice to the Landlord and any Mortgageelender of Landlord as to which Tenant has been provided notice, and, in the case of Landlord's insurance, upon thirty (30) days' prior written notice to Tenant. At least 15 days before the Commencement Date (or, if earlier, the date Tenant first enters into the Premises for any reason), Tenant shall and Landlord will each deliver to the Landlord certificates of insurance satisfactory to Landlord for each such policy required above. Within 10 days after any such policy expires, Tenant shall deliver to the Landlord other a certificate of renewal evidencing replacement of the policy. The limits of insurance required by this Lease or as otherwise carried on all policies procured by Tenant shall not limit or Landlord, as the liability of Tenant or relieve Tenant of any case may be, in compliance with such party's obligations under this Lease, except to together with evidence of the extent provided in any waiver of subrogation contained in this Lease. Tenant shall have sole responsibility for payment of all deductiblesthe premiums therefor, on or before the Lease Commencement Date, and at least thirty (30) days before the expiration date of any policy and upon the renewal of any policy. Landlord or Tenant may comply with its insurance coverage requirements through a blanket policy.