Grantor’s Insurance. Grantor shall maintain, at its own cost, insurance against loss from the perils commonly insured under standard fire and extended coverage policies and comprehensive general liability insurance against claims for personal injury, death and property damage of a type and in such amounts as would, in the reasonable opinion of Grantee, normally be carried on a property such as the Premises. If available to Grantor without additional unreasonable cost or expense, such insurance shall include Grantee’s interest and name Grantee as an additional insured and shall provide for at least thirty (30) days notice to additional insureds before cancellation and that the act or omission of one insured will not invalidate the policy as to the other insured. Furthermore, Grantor shall deliver to Grantee certificates or other such documents evidencing the aforesaid insurance coverage at the commencement of this grant and a new policy or certificate at least ten (10) days prior to the expiration of such policy. Grantee shall have the right to provide insurance at Grantor’s cost and expense should Grantor fail to obtain the required insurance.
Grantor’s Insurance. Grantor shall, at Grantor’s expense, procure and maintain throughout the Term of this Agreement a policy or policies of insurance insuring all of Grantor’s equipment and fixtures installed in or on the Building against loss due to fire and other casualties included in standard extended coverage insurance policies, in an amount equal to the replacement cost thereof. For the avoidance of doubt, however, Grantor and Grantee acknowledge and agree that, in no event, shall Grantor be obligated to carry any insurance on any of Grantee’s Personal Property. All insurance required under this Agreement shall be issued by insurers with a “General Policyholders Rating” of at least A-, VIII, as set forth in “Best’s Insurance Guide.” Such insurers shall be authorized to do business in the state in which the Property is located. Grantor hereby waives its rights against Grantee with respect to any claims or damages or losses (including any claims for bodily injury to persons and/or damage to property) which are caused by or result from (i) risks insured against under any insurance policy carried by Grantor at the time of such claim, damage, loss or injury, or (ii) risks which would have been covered under any insurance required to be obtained and maintained by Grantor under this Agreement had such insurance been obtained and maintained as required; provided, however, that in no event shall Grantor be deemed to have waived its rights against Grantee with respect to any claims or damages or losses (including any claims for bodily injury to persons and/or damage to property) which are caused by or result from the negligence or willful misconduct of Grantee and/or the Grantee Parties, as defined in Section 14.2 below. The foregoing waivers shall be in addition to, and not a limitation of, any other waivers or releases contained in this Agreement. All of Grantor’s insurance policies shall be endorsed so as to include a waiver of subrogation with and to the full extent of Grantor’s waiver of claims above.
Grantor’s Insurance. Grantor shall maintain, at its sole cost and expense, Commercial General Liability Insurance covering claims of bodily injury, personal injury and property damage arising out of Grantor’s use of the Easement Area and Parking Lot, including a Broad Form Commercial General Liability endorsement covering (1) the insuring provisions of this Agreement, and (2) the performance by Grantor of its indemnity agreements set forth in this Agreement, with limits equal to those required of Grantee as set forth above; provided with respect to Grantor, the term “Public Entity General Liability” shall instead be “Personal Injury Liability”.
Grantor’s Insurance. At all times during the Term, Grantor will carry and maintain fire and extended coverage covering the Tower in the amount determined by Grantor in its reasonable discretion. Grantormay satisfy its obligations hereunder through a program of self-insuranceor participation in a shared-risk pool.
Grantor’s Insurance. Grantor shall maintain, at Grantor’s own cost, insurance against loss and damage to the property and Building, written at replacement cost value and with a replacement cost endorsement, and comprehensive general liability insurance, including contractual liability, to cover Grantor’s obligations under the indemnity provisions of this Easement, against claims for personal injury, death and property damage in such amounts as would normally be carried on a property such as that subject to this Easement. Such insurance shall include Grantee’s interest and name Grantee as an additional insured and shall provide for at least thirty (30) days’ notice to Grantee before cancellation and that the act or omission of one insured will not invalidate the policy as to the other insured party. Furthermore, Grantor shall deliver to Grantee certificates or other such documents evidencing the aforesaid insurance coverage at the commencement of this grant and a new certificate at least thirty (30) days prior to the expiration date of each such policy. All insurance policies required by this section will be primary with respect to any insurance maintained by Grantee.
Grantor’s Insurance. Grantor shall maintain a general liability insurance policy at all times and shall name Grantee, and its agents, assigns, and financial partners, as an additional insured. Grantor’s insurance policy shall have a limit of at least $____________________________________ for each occurrence and aggregate occurrences per year.
