Common use of General Liability Policy for Project Improvements Work Clause in Contracts

General Liability Policy for Project Improvements Work. Prior to commencement of any Project Improvements Work and at all times during the performance of such Project Improvements Work and for so long after the completion thereof that any Person has any repair obligations with respect to such Project Improvements Work, in addition to Tenant’s GL Policy, Tenant shall cause the Project Contractor and Tenant’s other contractors and subcontractors to obtain keep and maintain a commercial general liability insurance policy (“GL Policy for Project Improvements Work”), written on an occurrence basis and limited to the Project Improvements Work and the Leased Premises naming such contractor or subcontractor as the insured and Tenant and Landlord Insured as additional insureds, affording protection against liability arising out of personal injury, bodily injury and death and/or property damage occurring, in, upon or about the Leased Premises or resulting from, or in connection with, the construction, use, operation or occupancy of the Leased Premises and containing provisions for severability of interests. The Project Contractor’s GL Policy for Project Improvements Work shall be in such amount and such policy limits so that (i) the coverage, deductibles and limits meet the Insurance Standard and are adequate to maintain the Excess/Umbrella Policy for Project Improvements Work without gaps in coverage between the GL Policy for Project Improvements Work and the Excess/Umbrella Policy for Project Improvements Work (but not less than $5,000,000.00 each occurrence, $2,000,000.00 personal and advertising injury, $5,000,000.00 completed operations aggregate, $5,000,000.00 general aggregate, $5,000.00 medical payments and $250,000.00 fire legal liability) and (ii) the self-insured retention not to exceed One Hundred Thousand and No/100 Dollars ($100,000.00) 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, Tenant shall be entitled to maintain the retention that is available on commercially reasonable terms. Tenant’s GL Policy for Project Improvements Work shall also contain the following endorsements to the extent obtainable on commercially reasonable terms or necessary to meet the Insurance Standard: (i) premises and operations coverage with explosion, collapse and underground exclusions deleted, if applicable, (ii) owners’ and contractors’ protective coverage, (iii) blanket contractual coverage, including both oral and written contracts, (iv) broad form property damage coverage,

Appears in 1 contract

Samples: Lease Agreement

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General Liability Policy for Project Improvements Work. Prior to commencement of any Project Improvements Work and at all times during the performance of such Project Improvements Work and for so long after the completion thereof that any Person has any repair obligations with respect to such Project Improvements Work, in addition to TenantOwner’s GL Policy, Tenant Owner shall cause the Project Contractor and TenantOwner’s other contractors and subcontractors to obtain keep and maintain a commercial general liability insurance policy (“GL Policy for Project Improvements Work”), . written on an occurrence basis and limited to the Project Improvements Work and the Leased Premises Complex Site naming such contractor or subcontractor as the insured and Tenant and Landlord Insured Owner as additional insuredsinsureds and providing a Waiver of Subrogation in favor of Owner, affording protection against liability arising out of personal injury, bodily injury and death and/or property damage occurring, in, upon or about the Leased Premises Complex Site or resulting from, or in connection with, the construction, use, operation or occupancy of the Leased Premises Complex Site and containing provisions for severability of interests. The Project Contractor’s GL Policy for Project Improvements Work shall be in such amount and such policy limits so that (i) the coverage, deductibles and limits meet the Insurance Standard and are adequate to maintain the Excess/Umbrella Policy for Project Improvements Work without gaps in coverage between the GL Policy for Project Improvements Work and the Excess/Umbrella Policy for Project Improvements Work (but not less than $5,000,000.00 1,000,000 each occurrence, $2,000,000.00 1,000,000 personal and advertising injury, $5,000,000.00 2,000,000 completed operations aggregate, $5,000,000.00 2,000,000 general aggregate, $5,000.00 5,000 medical payments and $250,000.00 250,000 fire legal liability) and (ii) the self-insured retention not to exceed One Five Hundred Thousand and No/100 Dollars ($100,000.00500,000.00) 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, Tenant Owner shall be entitled to maintain the retention that is available on commercially reasonable terms. TenantOwner’s GL Policy for Project Improvements Work shall also contain the following endorsements to the extent obtainable on commercially reasonable terms or necessary to meet the Insurance Standard: (iStandard-(i) premises and operations coverage with explosion, collapse and underground exclusions deleted, if applicable, (ii) owners’ and contractors’ protective coverage, (iii) blanket contractual coverage, including both oral and written contractscoverage as granted by the standard ISO CG 00 01 or equivalent, (iv) broad form property damage coverage,, (v) completed operations and products liability coverage for a period of two (2) years after Commencement of Operations, (vi) cross liability endorsement, (vii) hoists and elevators or escalators and (viii) an endorsement (or, at Owner’s option, equivalent coverage under a separate policy) providing for protection from pollution liability and providing for related clean-up of the Complex Site and any affected adjacent property. The GL Policy for Project Improvements Work of Owner’s other contractors and subcontractors shall be in such amount and such policy limits as meets the Insurance Standard for such contractors and subcontractors.

Appears in 1 contract

Samples: And Development Agreement (Fresh Vine Wine, Inc.)

General Liability Policy for Project Improvements Work. Prior to commencement of any Project Improvements Work and at all times during the performance of such Project Improvements Work and for so long after the completion thereof that any Person has any repair obligations with respect to such Project Improvements Work, in addition to Tenant’s GL Policy, Tenant shall cause the Project Contractor and Tenant’s other contractors and subcontractors to obtain keep and maintain a commercial general liability insurance policy (“GL Policy for Project Improvements Work”), written on an occurrence basis and limited to the Project Improvements Work and the Leased Premises naming such contractor or subcontractor as the insured and Tenant and Landlord Insured as an additional insuredsinsured and providing a Waiver of Subrogation in favor of the Tenant and Landlord, affording protection against liability arising out of personal injury, bodily injury and death and/or property damage occurring, in, upon or about the Leased Premises or resulting from, or in connection with, the construction, use, operation or occupancy of the Leased Premises and containing provisions for severability of interests. The Project Contractor’s GL Policy for Project Improvements Work shall be in such amount and such policy limits so that (i) the coverage, deductibles and limits meet the Insurance Standard and are adequate to maintain the Excess/Umbrella Policy for Project Improvements Work without gaps in coverage between the GL Policy for Project Improvements Work and the Excess/Umbrella Policy for Project Improvements Work (but not less than $5,000,000.00 5,000,000 each occurrence, $2,000,000.00 2,000,000 personal and advertising injury, $5,000,000.00 5,000,000 completed operations aggregate, $5,000,000.00 5,000,000 general aggregate, $5,000.00 5,000 medical payments and $250,000.00 250,000 fire legal liability) and (ii) the self-self- insured retention not to exceed One Five Hundred Thousand and No/100 Dollars ($100,000.00500,000.00) 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, Tenant shall be entitled to maintain the retention that is available on commercially reasonable terms. Tenant’s GL Policy for Project Improvements Work shall also contain the following endorsements to the extent obtainable on commercially reasonable terms or necessary to meet the Insurance Standard: (i) premises and operations coverage with explosion, collapse and underground exclusions deleted, if applicable, (ii) owners’ owners and contractors’ protective coveragecontractors included as insureds, (iii) blanket contractual coverage, including both oral and written contractscoverage as granted in the standard ISO CG 00 01 or equivalent, (iv) broad form property damage coverage,, (v) completed operations and products liability coverage for a period of ten (10) years after Commencement of Operations, (vi) cross liability endorsement, (vii) hoists and elevators or escalators and (viii) an endorsement (or, at Tenant’s option, equivalent coverage under a separate policy) providing for protection from pollution liability and providing for related clean-up of the Leased Premises and any affected adjacent property. The GL Policy for Project Improvements Work of Tenant’s other contractors and subcontractors shall be in such amount and such policy limits as meets the Insurance Standard for such contractors and subcontractors.

Appears in 1 contract

Samples: Lease and Development Agreement

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General Liability Policy for Project Improvements Work. Prior to commencement of any Project Improvements Work and at all times during the performance of such Project Improvements Work and for so long after the completion thereof that any Person has any repair obligations with respect to such Project Improvements Work, in addition to Tenant’s GL Policy, Tenant shall cause the Project Contractor and Tenant’s other contractors and subcontractors to obtain keep and maintain a commercial general liability insurance policy (“GL Policy for Project Improvements Work”), written on an occurrence basis and limited to the Project Improvements Work and the Leased Premises naming such contractor or subcontractor as the insured and Tenant and Landlord Insured as additional insureds, affording protection against liability arising out of personal injury, bodily injury and death and/or property damage occurring, in, upon or about the Leased Premises or resulting from, or in connection with, the construction, use, operation or occupancy of the Leased Premises and containing provisions for severability of interests. The Project Contractor’s GL Policy for Project Improvements Work shall be in such amount and such policy limits so that (i) the coverage, deductibles and limits meet the Insurance Standard and are adequate to maintain the Excess/Umbrella Policy for Project Improvements Work without gaps in coverage between the GL Policy for Project Improvements Work and the Excess/Umbrella Policy for Project Improvements Work (but not less than $5,000,000.00 each occurrence, $2,000,000.00 personal and advertising injury, $5,000,000.00 completed operations aggregate, $5,000,000.00 general aggregate, $5,000.00 medical payments and $250,000.00 fire legal liability) and (ii) the self-insured retention not to exceed One Hundred Thousand and No/100 Dollars ($100,000.00) 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, Tenant shall be entitled to maintain the retention that is available on commercially reasonable terms. Tenant’s GL Policy for Project Improvements Work shall also contain the following endorsements to the extent obtainable on commercially reasonable terms or necessary to meet the Insurance Standard: (i) premises and operations coverage with explosion, collapse and underground exclusions deleted, if applicable, (ii) owners’ and contractors’ protective coverage, (iii) blanket contractual coverage, including both oral and written contracts, (iv) broad form property damage coverage,, (v) completed operations and products liability coverage for a period of two (2) years after Commencement of Operations, (vi) cross liability endorsement, (vii) hoists and elevators or escalators and (viii) an endorsement (or, at Tenant’s option, equivalent coverage under a separate policy) providing for protection from pollution liability and providing for related clean-up of the Leased Premises and any affected adjacent property. The GL Policy for Project Improvements Work of Tenant’s other contractors and subcontractors shall be in such amount and such policy limits as meets the Insurance Standard for such contractors and subcontractors.

Appears in 1 contract

Samples: Ground Lease Agreement

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