Common use of Insurance Provisions for Lease Clause in Contracts

Insurance Provisions for Lease. The GPLET Lease shall provide that during the term of the Lease, the tenant shall, at tenant's expense, carry and maintain, for the mutual benefit of the City and tenant, commercial general liability insurance against claims for bodily injury, death or property damage occurring in, upon or about the premises, with limits of not less than $5,000,000 (which may include umbrella coverage for any amount above $1,000,000) combined single limit per occurrence for bodily injury and property damage, including coverages for contractual liability (including defense expense coverage for additional insureds), personal injury, broad form property damage, products and completed operations. All of tenant's policies of liability insurance shall name the City and all leasehold mortgagees as additional insured and shall contain no special imitations on the coverage, scope or protection afforded to the City, its officials, employees or volunteers. The tenant's policy of liability insurance shall be primary as respect to the City and any failure to comply with reporting provisions of the policies shall not affect coverage provided to the City. Certificates with respect to all policies of insurance required to be carried by the tenant shall be delivered to the City Representative, and shall be in form and with insurers acceptable to the City which shall clearly evidence all insurance required and provide that such insurance shall not be cancelled, allowed to expire or be materially reduced in coverage.

Insurance Provisions for Lease. The GPLET Lease shall provide that during the term of the Lease, the tenant shall, at tenant's expense, carry and maintain, for the mutual benefit of the City and tenant, commercial general liability insurance against claims for bodily injury, death or property damage occurring in, upon or about the premises, with limits of not less than $5,000,000 (which may include umbrella coverage for any amount above $1,000,000) combined single limit per occurrence for bodily injury and property damage, including coverages for contractual liability (including defense expense coverage for additional insureds), personal injury, broad form property damage, products and completed operations. All of tenant's policies of liability insurance shall name the City and all leasehold mortgagees as additional insured and shall contain no special imitations on the coverage, scope or protection afforded to the City, its officials, employees or volunteers. The tenant's policy of liability insurance shall be primary as respect to the City and any failure to comply with reporting provisions of the policies shall not affect coverage provided to the City. Certificates with respect to all policies of insurance required to be carried by the tenant shall be delivered to the City Representative, and shall be in form and with insurers acceptable to the City which shall clearly evidence all insurance required and provide that such insurance shall not be cancelled, allowed to expire or be materially reduced in coverage.

Insurance Provisions for Lease. The GPLET Lease Any lease entered with the City for the purpose of providing statutorily-authorized property tax abatements shall provide that during the term of the Leaselease, the tenant shall, at tenant's expense, carry and maintain, for the mutual benefit of the City and tenant, commercial general liability insurance against claims for bodily injury, death or property damage occurring in, upon or about the premises, with limits of not less than $5,000,000 (which may include umbrella coverage for any amount above $1,000,000) combined single limit per occurrence for bodily injury and property damage, including coverages for contractual liability (including defense expense coverage for additional insureds), personal injury, broad form property damage, products and completed operations. All of tenant's policies of liability insurance shall name the City and all leasehold mortgagees as additional insured and shall contain no special imitations on the coverage, scope or protection afforded to the City, its officials, employees or volunteers. The tenant's policy of liability insurance shall be primary as respect to the City and any failure to comply with reporting provisions of the policies shall not affect coverage provided to the City. Certificates with respect to all policies of insurance required to be carried by the tenant shall be delivered to the City Representative, and shall be in form and with insurers acceptable to the City which shall clearly evidence all insurance required and provide that such insurance shall not be cancelled, allowed to expire or be materially reduced in coverage.