Insurance Prior to Construction Sample Clauses

Insurance Prior to Construction. On or before the EFFECTIVE DATE, LESSEE will procure and maintain, at its sole cost and expense, the following insurance: Commercial General Liability (CGL) with a limit not less than twenty-five million dollars ($25,000,000) each occurrence and a general aggregate limit of not less than twenty-five million dollars ($25,000,000) providing coverage for bodily injury, property damage, and personal injury through any combination of primary and excess or umbrella liability insurance policies with limits restating annually. The CGL insurance must be written on an ISO occurrence form CG 00 01 04 13 or substitute forms providing equivalent coverage. All excess or umbrella policies shall be “follow form” and afford no less coverage than the primary policy. Such CGL shall provide coverage to the INDEMNIFIED PARTIES as additional insureds using ISO Additional Insured Endorsement CG 20 10. Coverage shall be provided to the INDEMNIFIED PARTIES for CLAIMS proximately caused by reason of the uses authorized by this LEASE and the location and placement of RAIL IMPROVEMENTS within the PROPERTY by the associated ENCROACHMENT PERMITS FOR CONSTRUCTION, unless caused by an INDEMNFIED PARTY’s sole or active negligence or willful misconduct.