Policies Required During Construction of Additional Improvements Work. The same types of insurance policies as are required during the construction of the Project Improvements Work pursuant to Section 19.1.1 shall be required during the performance of any Additional Work with evidence thereof provided to Landlord as required in Section 19.5.2 prior to the commencement of any Additional Work, and all such policies shall be maintained in effect during performance of any Additional Work as if such work was Project Improvements Work. The policy limits and deductibles for policies for Additional Work shall be the same as for those policies required in Section 19.1.1, unless otherwise agreed between Tenant and Landlord Representative.
Policies Required During Construction of Additional Improvements Work. (a) Builder’s Risk Policy for Additional Work. Prior to the commencement of any Additional Work, whether or not such work is Material Additional Work, and at all times during the performance of such Additional Work and for so long after the completion thereof that (i) the Material Additional Work Construction Contractor or any of Owner’s other contractors and subcontractors has not been paid in full in respect to the Additional Work and (ii) any Person has any repair obligations with respect to such Additional Work, Owner shall, at its cost and expense, obtain, keep and maintain or cause to be obtained, kept and maintained, builder’s “all risk” insurance policies (collectively, the “Builder’s Risk Policies for Additional Work”) affording coverage of all Additional Work, whether permanent or temporary, and, to the extent not covered by a separate policy, all Insured Materials and Equipment and Contractors’ Equipment related thereto against loss or damage due to Insured Casualty Risks covered by the broadest form of extended coverage insurance generally available on commercially reasonable terms from time to time with respect to similar work in the City of XxXxxxxx, Xxxxxx County, Texas. The Builder’s Risk Policies for Additional Work shall be written on an occurrence basis and on a “replacement cost” basis, insuring one hundred percent (100%) of the cost of the Additional Work using a completed value form (with permission to occupy upon completion of work or occupancy), naming Owner as the insured, with replacement cost coverage in an amount designated by Owner, subject to the Approval of City Representative, and with any deductible not exceeding Two Hundred Fifty Thousand and No/100 Dollars ($250,000.00) per loss, unless such deductible is lower than what is available on commercially reasonable terms and, so long as the higher deductible meets the Insurance Standard, Owner shall be entitled to maintain the deductible that is available on commercially reasonable terms; provided, however, that, in the case of demolition and debris removal coverage, Owner shall carry coverage in not less than the full amount necessary to demolish the Additional Work and to remove all debris that may exist after any Insured Casualty Risks. 44
