Landlord’s Coverage. During the Term, Landlord will keep in force the following coverage:
(1) Commercial general liability insurance.
(2) Causes of loss – special form commercial property insurance (including standard extended coverage endorsement perils, leakage from fire protective devices and other water damage) covering the full replacement cost of the Project improvements (excepting the Leasehold Improvements to be insured by Tenant). Each of these policies shall include a provision or endorsement in which the insurer waives its right of subrogation against Tenant.
(3) Boiler and machinery or equipment breakdown insurance.
(4) Other insurance that Landlord elects to maintain.
Landlord’s Coverage. During the Term, Landlord will provide and keep in force the following coverage:
(1) Commercial general liability insurance.
(2) Property insurance with special form-causes of loss coverage (formerly known as "all risk") covering the full replacement cost of the Project improvements (excepting the Leasehold Improvements to be insured by Tenant). Each of these policies shall include a provision or endorsement in which the insurer waives its right of subrogation against Tenant.
(3) Insurance covering the perils described in (2) for Landlord's loss of rental income or insurable gross profits. Each of these policies shall include a provision or endorsement in which the insurer waives its right of subrogation against Tenant.
(4) Boiler and machinery insurance.
(5) Other insurance that Landlord elects to maintain.
Landlord’s Coverage. Landlord hereby agrees to insure the ------------------- Building and all portions of the Premises not required to be insured by Tenant during the Term on an "all risks" of physical loss or damage basis including boiler and machinery coverage, in an amount that meets any coinsurance clauses of the policy and is equal to one hundred percent (100%) of the full replacement cost of the Building (excluding the cost of foundation, excavation and footings below the lowest basement floor) subject to a reasonable deductible. Landlord shall carry rent loss insurance in an amount equal to not less than twelve (12) months of gross Building rents and earthquake/flood insurance in an amount customary for first-class office buildings in Chicago, Illinois. Landlord shall also carry Commercial General Liability Insurance with at least the same coverages and amounts as required of Tenant above. All insurance policies shall include cross liability and severability of interest endorsements. Landlord shall deliver to Tenant, certificates of such insurance in form reasonably satisfactory to Tenant, which certificates shall in each case state that such insurance may not be canceled or materially changed without at least thirty (30) days' prior written notice to Tenant, and said insurance policies shall be endorsed so that such insurance policies may not be canceled or materially changed without at least thirty (30) days' prior written notice to Tenant. All insurance policies shall be with an insurance company having an A.M. Best Rating of A- XII or better or an insurance company of equivalent financial standing.
Landlord’s Coverage. Landlord hereby agrees to insure the Building and all portions of the Premises not required to be insured by Tenant on an "all risk" of physical loss or damage basis, not subject to the application of any co-insurance clauses or requirements of the policy and equal to one hundred percent (100%) of the full replacement cost of the Building (but excluding the cost of foundation, excavation and footings below grade), subject to a reasonable deductible not to exceed One Hundred Thousand Dollars ($100.000) without Tenant's prior written approval. Landlord shall purchase and maintain comprehensive general liability insurance, including contractual liability insurance, covering claims of bodily injury, personal injury and property damage arising out of Landlord's or Landlord's Agent's operations, assumed liabilities or use and occupancy of the Building (other than the Premises) with combined single limits of at least Three Million Dollars ($3,000,000) per occurrence. Such limits or coverages shall be subject to increase or change from time to time as Tenant may reasonably request consistent with the requirements of comparable first-class office buildings in Chicago. Landlord shall cause Tenant to be named as an additional insured under all liability policies carried pursuant to this Lease, with respect to the common areas of the Building only Landlord shall furnish to Tenant prior to the date of Tenant's occupancy of any portion of the Premises and prior to the expiration date for any existing policies certificates evidencing the coverages required by this Paragraph, which certificates shall state that such insurance coverage may not be changed or cancelled without at least thirty (30) days prior written notice to Tenant, except in the event that such cancellation is for nonpayment of premiums in which event the notice to Tenant may be upon ten (10) days notice. In the event that after ten (10) days written notice to Landlord, Landlord shall at any time fail to maintain any of the insurance herein required, Tenant shall have the right, but not the obligation, to provide such insurance, and Landlord shall promptly upon notice reimburse Tenant for all reasonable sums, costs and expenses incurred by Tenant in connection with providing such insurance.
Landlord’s Coverage. During the Term, Landlord will provide and keep in force the following coverage:
(1) Commercial general liability insurance.
(2) All risk insurance (including standard extended coverage endorsement perils, leakage from fire protective devices and other water damage) covering the full replacement cost of the Project improvements (excepting the Leasehold Improvements to be insured by Tenant). Each of these policies shall include a provision or endorsement in which the insurer waives its right of subrogation against Tenant.
(3) Insurance covering the perils described in (2) for Landlord’s loss of rental income of insurable gross profits. Each of these policies shall include a provision or endorsement in which the insurer waives its right of subrogation against Tenant.
(4) Boiler and machinery insurance.
(5) Other insurance that Landlord elects to maintain to the extent consistent with insurance generally maintained with respect to other commercial building complexes comparable to the Project.
Landlord’s Coverage. Landlord shall self insure or maintain adequate public liability and property (in an amount of not less than 80% of replacement cost) and rental insurance covering the Shopping Center. Tenant shall bear its proportionate share of the cost of insurance procured by Landlord, all in accordance with Section 4.01. Landlord shall waive any property damage claims against Tenant to the extent of Landlord's insurance.
Landlord’s Coverage. Landlord shall maintain special form property insurance insuring the Building (including all installations and fixtures, but excluding Tenant’s equipment, fixtures, and personal property). Such policies shall provide for loss payable to Landlord or its Lender(s). Coverage shall be equal to the full replacement cost of the Building (replacement cost new, including coverage for the cost of debris removal and coverage for cost of complying with building, zoning, safety, land use and other laws as a result of any casualty or loss) as to prevent application of co-insurance provisions. Landlord may, but shall not be obligated to, carry insurance against additional perils and in greater amounts including, but not limited to, rent loss, difference-in-conditions, or other coverage. Landlord shall also maintain commercial general liability insurance (ISO Form CG0001 or equivalent) including coverage for “blanket contractual” liabilities, written on an occurrence basis with limits not less than $1,000,000 per occurrence, $1,000,000 personal and advertising injury, and $2,000,000 general aggregate, with an umbrella or excess policy with limits not less than $5,000,000 per occurrence. The foregoing insurance may be maintained by the combination of primary and excess coverage. Landlord shall also maintain workers’ compensation insurance in accordance with applicable law and employer’s liability insurance with a limit not less than $1,000,000 bodily injury each accident; $1,000,000 bodily injury by disease - each person; and $1,000,000 bodily injury by disease - policy limit.
Landlord’s Coverage. During the Term, Landlord will keep in force the following coverage:
(1) Commercial general liability insurance insuring the use and occupancy of the Building and Common Areas, and covering personal and bodily injury, death, and damage to others’ property of not less than Three Million Dollars ($3,000,000) per occurrence and Five Million Dollars ($5,000,000) general aggregate.
(2) Causes of loss – special form commercial property insurance (including standard extended coverage endorsement perils, leakage from fire protective devices and other water damage) covering the full replacement cost of the Project improvements (excepting the Leasehold Improvements to be insured by Tenant). Each of these policies shall include a provision or endorsement in which the insurer waives its right of subrogation against Tenant.
(3) Boiler and machinery or equipment breakdown insurance.
(4) Other insurance that Landlord elects to maintain and that is typically maintained by other institutional owners that own similar buildings in Austin, Texas.
Landlord’s Coverage. During the Term, Landlord shall obtain and keep in force the following insurance coverages:
(1) Commercial general liability insurance in an amount not less than $20,000,000.00 (including applicable umbrella coverage reserved, and specifically available, for the Building).
(2) All risk insurance (including standard extended coverage endorsement perils, leakage from fire protective devices and other water damage) covering the full replacement of the Base Building (other than footings and foundations), with a deductible not to exceed $100,000.00 (excluding any deductible for Named Windstorm, Flood, Earthquake, Turbines or Boiler and Machinery breakdowns, for which Landlord shall maintain market deductibles); provided, that Landlord may increase such deductible based on what is reasonably available in the market for such risks. Each of these policies shall include a provision or endorsement in which the insurer waives its right of subrogation against Tenant.
(3) Insurance covering the perils described in Section 9.2(a)(2) for Landlord’s loss of rental income or insurable gross profits. Each of these policies shall include a provision or endorsement in which the insurer waives its right of subrogation against Tenant.
(4) Boiler and machinery insurance. This policy shall include a provision or endorsement in which the insurer waives its right of subrogation against the Tenant.
(5) Other insurance that Landlord elects to maintain; provided, that such insurance is then reasonable and customary for comparable first class office buildings in the downtown Chicago market.
Landlord’s Coverage. During the Term, Landlord will keep in force the following coverage:
(1) Commercial general liability insurance of not less than One Million Dollars ($1,000,000) per occurrence and Three Million Dollars ($3,000,000) general aggregate.
(2) Causes of loss – special form commercial property insurance (including standard extended coverage endorsement perils, leakage from fire protective devices and other water damage) covering the full replacement cost of the Building and Project improvements (excepting the Leasehold Improvements to be insured by Tenant). Each of these policies shall include a provision or endorsement in which the insurer waives its right of subrogation against Tenant.
(3) Boiler and machinery or equipment breakdown insurance.
(4) Other insurance that Landlord elects to maintain.
