Common use of LESSEE'S LIABILITY INSURANCE Clause in Contracts

LESSEE'S LIABILITY INSURANCE. Lessee shall maintain for the duration of this Lease, at its sole cost, general liability and property damage insurance policies covering said Premises and its use by Lessee in the amount of at least TWO MILLION DOLLARS ($2,000,000.00) per occurrence with an annual aggregate of THREE MILLION DOLLARS ($3,000,000.00). All general liability, property damage and fire policies shall name the SEVENTH-DAY ADVENTIST CHURCH AND SOUTHERN CALIFORNIA CONFERENCE OF SEVENTH-DAY ADVENTISTS, THEIR OFFICERS, AGENTS, EMPLOYEES AND VOLUNTEERS, as additionally named insureds. The policies shall be issued by an insurer rated A Class VII or better. Lessee shall deliver to Lessor certificates of insurance and additional insured endorsements evidencing the existence and amounts of such insurance prior to or on the date of commencement of this Lease. Lessee shall not use or occupy the Premises until such certificates of insurance and additionally insured endorsements have been delivered. No such policy shall be cancelable or subject to reduction of coverage or other modification except after thirty (30) days written notice to Lessor. Lessee shall, at least thirty (30) days prior to the expiration of such policies, furnish Lessor with renewals thereof. Lessee understands and agrees that Lessor's general liability and property insurance policies do not cover Lessee's personal property housed at the Premises. Lessee understands and acknowledges that Lessee is advised to obtain property contents insurance at Lessee’s sole expense to cover Lessee’s personal property.

LESSEE'S LIABILITY INSURANCE. Lessee shall maintain for the duration of this Lease, LESSEE will secure and carry at its sole cost, own expense a comprehensive general liability and policy insuring LESSEE AND LESSOR against any claims based on bodily injury (including death) or property damage insurance policies covering said arising out of the condition of the Leased Premises and its or their use by Lessee in the amount of at least TWO MILLION DOLLARS LESSEE, such policy to insure LESSEE and LESSOR against any claim up to Two Million Dollars ($2,000,000.002,000,000) per occurrence with an annual aggregate of THREE MILLION DOLLARS for injury or death to one person, and One Million Dollars ($3,000,000.00)1,000,000) for damage to property. All general liability, property damage and fire policies Such limits shall name be subject to increase from time to time during the SEVENTH-DAY ADVENTIST CHURCH AND SOUTHERN CALIFORNIA CONFERENCE OF SEVENTH-DAY ADVENTISTS, THEIR OFFICERS, AGENTS, EMPLOYEES AND VOLUNTEERS, as additionally named insuredsLease Term. The policies shall be issued by an insurer rated A Class VII or better. Lessee shall deliver to Lessor certificates of insurance and additional insured endorsements evidencing the existence and amounts amount of such insurance prior to or on the date shall not limit LESSEE's liability nor relieve LESSEE of any obligation hereunder. Upon commencement of this Lease. Lessee shall not use or occupy the Premises until Lease Term LESSEE will promptly file with LESSOR certificates reasonably satisfactory to LESSOR showing that such insurance is in force, accompanied by evidence of the payment of the premium for the policy, and thereafter will file renewal certificates of insurance and additionally insured endorsements have been delivered. No such policy shall be cancelable or subject to reduction of coverage or other modification except after thirty (30) days written notice to Lessor. Lessee shall, at least thirty (30) days prior to the expiration of any such policies. All such insurance certificates shall provide that such policies shall not be canceled nor materially changed without at least twenty (20) days prior written notice to each assured named therein. LESSEE may, furnish Lessor with renewals at LESSEE's cost, maintain such other liability insurance as LESSEE may deem necessary to protect it. LESSEE shall assume exclusive control of the Leased Premises, and all tort liabilities incident to the control or ownership thereof. Lessee understands , and agrees to indemnify and hold the LESSOR free and harmless from any and all liability, penalties, losses, damages, costs and expenses, causes of action, claims or judgments or encumbrances created or suffered by the LESSEE, and from any and all liability, penalties, losses, damages, costs and expenses, causes of action, claims, or judgments arising from injury to persons or property of any nature on the Leased Premises or the Property, occasioned by any acts or omissions of the LESSEE or of its employees, agents, invitees, visitors, callers, servants, sub lessees, or independent contractors, and arising out of the use or occupation of said Leased Premises or by reason of the bursting or leakage of pipes; from any neglect or misuse on the Leased Premises or by any reason of nuisance made or suffered on the Leased Premises; and also against all legal costs and charges, including counsel fees, reasonably incurred in and about such matters and the defense of any action arising out of the same, or in discharging the Leased Premises or any part thereof from any and all liens that Lessormay be placed thereon from charges incurred by LESSEE. If LESSOR intervenes in or becomes a party to any such action or actions growing out of this Lease to protect its rights, then the LESSEE shall pay LESSOR's general liability and property insurance policies do not cover Lesseereasonable attorney's personal property housed at the Premises. Lessee understands and acknowledges that Lessee is advised to obtain property contents insurance at Lessee’s sole expense to cover Lessee’s personal propertyfees in such action or actions.

LESSEE'S LIABILITY INSURANCE. Lessee shall maintain for the duration of this Lease, at its sole cost, general liability and property damage insurance policies covering said Premises and its use by Lessee in the amount of at least TWO MILLION DOLLARS ($2,000,000.00) per occurrence with an annual aggregate of THREE MILLION DOLLARS ($3,000,000.00). All general liability, property damage and fire policies shall name the SEVENTH-DAY ADVENTIST CHURCH SCHOOL AND SOUTHERN CALIFORNIA CONFERENCE OF SEVENTH-DAY ADVENTISTS, THEIR OFFICERS, AGENTS, EMPLOYEES AND VOLUNTEERS, as additionally named insureds. The policies shall be issued by an insurer rated A Class VII or better. Lessee shall deliver to Lessor certificates of insurance and additional insured endorsements evidencing the existence and amounts of such insurance prior to or on the date of commencement of this Lease. Lessee shall not use or occupy the Premises until such certificates of insurance and additionally insured endorsements have been delivered. No such policy shall be cancelable or subject to reduction of coverage or other modification except after thirty (30) days written notice to Lessor. Lessee shall, at least thirty (30) days prior to the expiration of such policies, furnish Lessor with renewals thereof. Lessee understands and agrees that Lessor's general liability and property insurance policies do not cover Lessee's personal property housed at the Premises. Lessee understands and acknowledges that Lessee is advised to obtain property contents insurance at Lessee’s sole expense to cover Lessee’s personal property.

LESSEE'S LIABILITY INSURANCE. Lessee The LESSEE shall maintain for maintain, with respect to the duration of this LeaseLeased premises, at its sole cost, general public liability and property damage insurance policies covering said Premises and its use by Lessee in the amount of at least TWO MILLION DOLLARS $1,000,000.00 with property damage insurance in limits of $1,000,000.00 in responsible companies qualified to do business in Massachusetts and in good standing therein insuring the LESSOR, parties designated by LESSOR and LESSEE, as their respective interests appear, against all claims, demands or actions for injury or death to persons or damage to property as provided ($2,000,000.00) per occurrence with an annual aggregate of THREE MILLION DOLLARS ($3,000,000.00such amounts may, from time to time, be reasonably increased by LESSOR). All general liability, property damage and fire policies The LESSEE shall name deposit with the SEVENTH-DAY ADVENTIST CHURCH AND SOUTHERN CALIFORNIA CONFERENCE OF SEVENTH-DAY ADVENTISTS, THEIR OFFICERS, AGENTS, EMPLOYEES AND VOLUNTEERS, as additionally named insureds. The policies shall be issued by an insurer rated A Class VII or better. Lessee shall deliver to Lessor LESSOR certificates of insurance and additional insured endorsements evidencing the existence and amounts of for such insurance at or prior to or on the date of commencement of this Lease. Lessee shall not use or occupy the Premises until such certificates of insurance Term, and additionally insured endorsements have been delivered. No such policy shall be cancelable or subject to reduction of coverage or other modification except after thirty thereafter within twenty (30) days written notice to Lessor. Lessee shall, at least thirty (3020) days prior to the expiration of any such policies. All such insurance certificates shall name the LESSOR as an additional named insured and they shall not be canceled without at least twenty (20) days prior written notice, sent by Certified Mail, return receipt requested, postage prepaid, to each insured named therein and to the insured’s counsel. LESSEE shall maintain Worker’s Compensation Insurance so that all LESSEE’S employees, working in or around the Leased Premises, are covered by Worker’s Compensation Insurance in statutory amounts and LESSEE shall furnish Lessor LESSOR with renewals thereofcertificates evidencing the procurement of said insurance. Lessee understands If LESSEE fails to comply with any of the foregoing requirements, LESSOR may, after ten (10) days written notice to LESSEE, obtain such insurance on behalf of LESSEE and agrees that Lessor's general liability may keep the same in effect, and property insurance policies do not cover Lessee's personal property housed at LESSEE shall pay LESSOR as additional Rent, the Premises. Lessee understands and acknowledges that Lessee is advised to obtain property contents insurance at Lessee’s sole expense to cover Lessee’s personal propertyPremium costs thereunder upon demand.