Common use of Risks to be Insured Clause in Contracts

Risks to be Insured. The Mortgagor will, at its expense, maintain or cause to be maintained by insurance carriers that meet the standards set forth below: (a) insurance with respect to the Improvements against loss or damage by fire, lightning and such other risks as are included in standard "all-risk" policies, in amounts sufficient to prevent the Mortgagor and the Mortgagee from becoming a co-insurer of any partial loss under the applicable policies, but in any event in amounts not less than the then full insurable value (actual replacement value) of the Improvements, as determined by the Mortgagor in accordance with generally accepted insurance practice and reasonably approved by the Mortgagee or, at the request of the Mortgagee, as determined at the Mortgagor's expense by the insurer or insurers or by an expert reasonably approved by the Mortgagee, (b) comprehensive public liability, including bodily injury and product liability and property damage insurance, with personal injury endorsements, applicable to the Property in such amounts as are usually carried by Persons of comparable size engaged in the same or a similar business and similarly situated in the same general locality, but in any event with a combined single limit of not less than Twenty Million Dollars ($20,000,000) per occurrence, (c) explosion insurance in respect of any steam and pressure boilers and similar apparatus located in the Property in such amounts as are usually carried by Persons of comparable size engaged in the same or a similar business and similarly situated in the same general locality, but in any event in an amount not less than Twenty Million Dollars ($20,000,000), (d) business interruption insurance (including added expense coverage) against all insurable perils for a period of not fewer than twelve (12) months (subject to a reasonable aggregate deductible not exceeding five (5) days per annum), and (e) worker's compensation insurance to the full extent required by applicable law for all employees of the Mortgagor engaged in any work on or about the Property and employer's liability insurance with a limit of not less than Ten Million Dollars ($10,000,000) for each occurrence. All such insurance shall be provided (i) by insurers authorized by Lloyds of London to underwrite such risks, (ii) by insurers having an A.M. Best policyholders rating of not less than A-(except with respect to insurers providing workers compensation insurance, in which case such insurers shall have an A.M. Best policyholders rating of not less than B+) or (iii) by such other insurers as the Mortgagee may approve in writing; PROVIDED, HOWEVER, that if the rating of any of the insurers providing insurance hereunder is downgraded, the Mortgagor shall only be required to obtain replacement insurance with an insurer satisfying the requirements hereof at the stated expiration of the insurance policy maintained with the insurer whose rating was so downgraded.

Risks to be Insured. The Mortgagor will, at its expense, maintain or cause to be maintained by with insurance carriers that meet approved by the standards set forth below: Mortgagee (a) insurance with respect to the Improvements against loss or damage by fire, lightning and such other risks as are included in standard "all-risk" policies, in amounts sufficient to prevent the Mortgagor and the Mortgagee from becoming a co-insurer of any partial loss under the applicable policies, but in any event in amounts not less than the then full insurable value (actual replacement value) of the Improvements, as determined by the Mortgagor in accordance with generally accepted insurance practice and reasonably approved by the Mortgagee or, at the request of the Mortgagee, as determined at the Mortgagor's expense by the insurer or insurers or by an expert reasonably approved by the Mortgagee, (b) comprehensive public liability, including bodily injury and product liability and property damage damage, insurance, with personal injury endorsements, applicable to the Property in such amounts as are usually customarily carried by Persons of comparable size engaged in the same or a operating similar business and similarly situated properties in the same general locality, but in any event with a combined single limit of not less than Twenty Million Dollars ($20,000,000) per occurrence, (c) explosion insurance in respect of any steam and pressure boilers and similar apparatus located in the Property in such amounts as are usually carried by Persons of comparable size engaged in the same or a persons operating similar business and similarly situated properties in the same general locality, but in any event in an amount not less than Twenty Million Dollars ($20,000,000), (d) business interruption insurance (including added expense coverage) against all insurable perils for a period of not fewer than twelve (12) months (subject to a reasonable aggregate deductible not exceeding five ten (510) days per annumany occurrence or, if an aggregate deductible not exceeding ten (10) days per occurrence is not then available, the lowest aggregate deductible then available), and (e) worker's compensation insurance to the full extent required by applicable law for all employees of the Mortgagor engaged in any work on or about the Property and employer's liability insurance with a limit of not less than Ten Million Dollars ($10,000,000) for each occurrence. All such insurance shall be provided (i) by insurers authorized by Lloyds of London to underwrite such risks, (iif) by insurers having an A.M. Best policyholders rating of not less than A-(except all-risk, builders' risk insurance with respect to insurers providing workers compensation insurancethe Property during any period during which there is any construction work being performed, against loss or damage by fire or other risks, including vandalism, malicious mischief and sprinkler leakage, as are included in which case such insurers shall have an A.M. Best policyholders rating of not less than B+so-called "extended coverage" clauses at the time available and (g) or (iii) by such other insurers insurance with respect to the Property in such amounts and against such insurable hazards as the Mortgagee from time to time may approve in writing; PROVIDED, HOWEVER, that if reasonably require by written notice to the rating of any of the insurers providing insurance hereunder is downgraded, the Mortgagor shall only be required to obtain replacement insurance with an insurer satisfying the requirements hereof at the stated expiration of the insurance policy maintained with the insurer whose rating was so downgradedMortgagor.

Risks to be Insured. The Mortgagor will, at its expense, maintain or cause to be maintained by insurance carriers that meet the standards set forth below: (a) insurance with respect to the Improvements against loss or damage by fire, lightning and such other risks as are included in standard "all-risk" policies, in amounts sufficient to prevent the Mortgagor and the Mortgagee from becoming a co-insurer of any partial loss under the applicable policies, but in any event in amounts not less than the then full insurable value (actual replacement value) of the Improvements, as determined by the Mortgagor in accordance with generally accepted insurance practice and reasonably approved by the Mortgagee or, at the request of the Mortgagee, as determined at the Mortgagor's expense by the insurer or insurers or by an expert reasonably approved by the Mortgagee, (b) comprehensive public liability, including bodily injury and product liability and property damage insurance, with personal injury endorsements, applicable to the Property in such amounts as are usually carried by Persons of comparable size engaged in the same or a similar business and similarly situated in the same general locality, but in any event with a combined single limit of not less than Twenty Million Dollars ($20,000,000) per occurrence, (c) explosion insurance in respect of any steam and pressure boilers and similar apparatus located in the Property in such amounts as are usually carried by Persons of comparable size engaged in the same or a similar business and similarly situated in the same general locality, but in any event in an amount not less than Twenty Million Dollars ($20,000,000), (d) business interruption insurance (including added expense coverage) against all insurable perils for a period of not fewer than twelve (12) months (subject to a reasonable aggregate deductible not exceeding five (5) days per annum), and (e) worker's compensation insurance to the full extent required by applicable law for all employees of the Mortgagor engaged in any work on or about the Property and employer's liability insurance with a limit of not less than Ten Million Dollars ($10,000,000) for each occurrence. All such insurance shall be provided (i) by insurers authorized by Lloyds of London to underwrite such risks, (ii) by insurers having an A.M. Best policyholders rating of not less than A-(except with respect to insurers providing workers compensation insurance, in which case such insurers shall have an A.M. Best policyholders rating of not less than B+) ), or (iii) by such other insurers as the Mortgagee may approve in writing; PROVIDED, HOWEVER, PROVIDED that if the rating of any of the insurers providing insurance hereunder is downgraded, the Mortgagor shall only be required to obtain replacement insurance with an insurer satisfying the requirements hereof at the stated expiration of the insurance policy maintained with the insurer whose rating was so downgraded.

Risks to be Insured. The Mortgagor will, at its expense, ------------------- maintain or cause to be maintained by with insurance carriers that meet approved by the standards set forth below: Mortgagee (a) insurance with respect to the Improvements against loss or damage by fire, lightning and such other risks as are included in standard "all-risk" policies, in amounts sufficient to prevent the Mortgagor and the Mortgagee from becoming a co-insurer of any partial loss under the applicable policies, but in any event in amounts not less than the then full insurable value (actual replacement value) of the Improvements, as determined by the Mortgagor in accordance with generally accepted insurance practice and reasonably approved by the Mortgagee or, at upon the request of the Mortgagee, Mortgagee as determined at the Mortgagor's expense by the insurer or insurers or by an expert reasonably approved by the Mortgagee, (b) comprehensive public commercial general liability, including bodily injury and product liability and property damage damage, insurance, with personal injury endorsementsendorsement, applicable to the Property in such amounts as are usually carried by Persons of comparable size engaged in the same or a operating similar business and similarly situated properties in the same general locality, but in any event with a combined single limit of not less than Twenty Million Dollars ($20,000,000) 3,000,000 per person for bodily injury liability, a limit of not less than $5,000,000 per occurrence for bodily injury liability and $500,000 for all claims for property damage liability with respect to any one occurrence, (c) explosion insurance in respect of any steam and pressure boilers and similar apparatus located in the Property in such amounts as are usually carried by Persons of comparable size engaged in the same or a persons operating similar business and similarly situated properties in the same general locality, but in any event in an amount not less than Twenty Million Dollars ($20,000,000)500,000, (d) business interruption insurance (including added expense coverage) against all insurable perils for a period of not fewer than twelve (12) months (subject to a reasonable aggregate deductible not exceeding five (5) days per annum), and (e) worker's compensation insurance to the full extent required by applicable law for all employees of the Mortgagor engaged in any work on or about the Property and employer's liability insurance with a limit of not less than Ten Million Dollars ($10,000,000) 3,000,000 for each occurrence. All such insurance shall be provided (i) by insurers authorized by Lloyds of London to underwrite such risks, (iie) by insurers having an A.M. Best policyholders rating of not less than A-(except all-risk, builders' risk insurance with respect to insurers providing workers compensation insurancethe Property during any period during which there is any construction work being performed, against loss or damage by fire or other risks, including vandalism, malicious mischief and sprinkler leakage, as are included in which case such insurers shall have so-called "extended coverage" clauses at the time available, (f) business interruption insurance in an A.M. Best policyholders rating of not less than B+amount reasonably satisfactory to the Mortgagee, and (g) or (iii) by such other insurers insurance with respect to the Property in such amounts and against such insurable hazards as the Mortgagee from time to time may approve in writing; PROVIDED, HOWEVER, that if reasonably require by written notice to the rating of any of the insurers providing insurance hereunder is downgraded, the Mortgagor shall only be required to obtain replacement insurance with an insurer satisfying the requirements hereof at the stated expiration of the insurance policy maintained with the insurer whose rating was so downgradedMortgagor.

Risks to be Insured. The Mortgagor will, at its --------- ------------------- expense, maintain or cause to be maintained with insurers approved by insurance carriers that meet the standards set forth below: Mortgagee (a) insurance with respect to the Improvements against loss or damage by fire, - flood, lightning and such other risks as are included in under standard "all-risk" policies, in amounts sufficient to prevent the Mortgagor and the or Mortgagee from becoming a co-insurer of any partial loss under the applicable policies, but in any event in amounts not less than 100% of the then full insurable value (actual replacement valuevalue including any increased costs of construction) of the Improvements, as determined by the Mortgagor in accordance with generally accepted insurance practice and reasonably approved by the Mortgagee Mortgagee, or, at upon the request of the Mortgagee, as determined at the Mortgagor's expense by the insurer or insurers or by an expert reasonably approved by the Mortgagee, (b) comprehensive public liability, including bodily personal injury and product liability and - property damage insurancedamage, with personal injury endorsements, insurance applicable to the Property Mortgaged Premises in such amounts as are usually carried by Persons of comparable size engaged in the same or a prudent persons operating similar business and similarly situated properties in the same general locality, but in any event with a single limit of not less than $1,000,000 for any one claim with respect to personal injury, a combined single limit of not less than Twenty Million Dollars ($20,000,000) 3,000,000 per occurrence and $1,000,000 for all claims for property damage with respect to any one occurrence, together with umbrella liability insurance coverage of not less than $50,000,000, (c) explosion - insurance in respect of any steam and pressure boilers and similar apparatus located in the Property Mortgaged Premises in such amounts as are usually carried by Persons of comparable size engaged in the same or a prudent persons operating similar business and similarly situated properties in the same general locality, but in any event in an amount not less than Twenty Million Dollars ($20,000,000)1,000,000, (d) business interruption war risk insurance (including added expense coverage) against all insurable perils for a period of not fewer than twelve (12) months (subject to a reasonable aggregate deductible not exceeding five (5) days per annum- the extent obtainable from the United States Government or any agency thereof), and (e) worker's - workers compensation insurance to the full extent required by applicable law for all employees of the Mortgagor engaged in any work on or about the Property Mortgaged Premises and employer's liability insurance in such amounts as are usually carried by prudent persons operating similar properties in the same general locality, but in any event with a limit of not less than Ten Million Dollars ($10,000,000) 500,000 for each occurrence. All , (f) business interruption and rental value insurance in an amount at - least equal to the gross earnings and rental value of the Mortgaged Premises and the extra expense that could result from the cessation of business conducted by Mortgagor at the Mortgaged Premises for at least twelve months (that is, the aggregate amount of all rentals and other consideration payable under the Space Leases in effect from time to time for a period of twelve months plus extra expenses), (g) all-risk, builders' risk insurance with respect to the Mortgaged - Premises during any period during which there is any construction work being performed, (h) if the Land or any part thereof is designated as being in an area - requiring flood insurance, insurance against loss or damage caused by flood in such insurance shall be provided amounts as is usually carried by persons operating similar properties in the same general locality, but in any event in an amount not less than required by such designation, and (i) by insurers authorized by Lloyds of London to underwrite such risks, (ii) by insurers having an A.M. Best policyholders rating of not less than A-(except other insurance with respect to insurers providing workers compensation insurance, the Mortgaged - Premises in which case such insurers shall have an A.M. Best policyholders rating of not less than B+) or (iii) amounts and against such insurable hazards as Mortgagee from time to time may reasonably require by such other insurers as the Mortgagee may approve in writing; PROVIDED, HOWEVER, that if the rating of any of the insurers providing insurance hereunder is downgraded, the Mortgagor shall only be required written notice to obtain replacement insurance with an insurer satisfying the requirements hereof at the stated expiration of the insurance policy maintained with the insurer whose rating was so downgradedMortgagor.

Risks to be Insured. The Mortgagor will, at its expense, maintain or cause to be maintained by insurance carriers that meet the standards set forth below: (a) insurance with respect to the Improvements against loss or damage by fire, lightning and such other risks as are included in standard "all-risk" policies, in amounts sufficient to prevent the Mortgagor and the Mortgagee from becoming a co-insurer of any partial loss under the applicable policies, but in any event in amounts not less than the then full insurable value (actual replacement value) of the Improvements, as determined by the Mortgagor in accordance with generally accepted insurance practice and reasonably approved by the Mortgagee or, at the request of the Mortgagee, as determined at the Mortgagor's expense by the insurer or insurers or by an expert reasonably approved by the Mortgagee, (b) comprehensive public liability, including bodily injury and product liability and property damage insurance, with personal injury endorsements, applicable to the Property in such amounts as are usually carried by Persons of comparable size engaged in the same or a similar business and similarly situated in the same general locality, but in any event with a combined single limit of not less than Twenty Million Dollars ($20,000,000) per occurrence, (c) explosion insurance in respect of any steam and pressure boilers and similar apparatus located in the Property in such amounts as are usually carried by Persons of comparable size engaged in the same or a similar business and similarly situated in the same general locality, but in any event in an amount not less than Twenty Million Dollars ($20,000,000), (d) business interruption insurance (including added expense coverage) against all insurable perils for a period of not fewer than twelve (12) months (subject to a reasonable aggregate deductible not exceeding five (5) days per annum), and (e) worker's compensation insurance to the full extent required by applicable law for all employees of the Mortgagor engaged in any work on or about the Property and employer's liability insurance with a limit of not less than Ten Million Dollars ($10,000,000) for each occurrence. All such insurance shall be provided (i) by insurers authorized by Lloyds of London to underwrite such risks, (ii) by insurers having an A.M. Best policyholders rating of not less than A-(except with respect to insurers providing workers compensation insurance, in which case such insurers shall have an A.M. Best policyholders rating of not less than B+) or (iii) by such other insurers as the Mortgagee may approve in writing; PROVIDED, HOWEVER, that if the rating of any of the insurers providing insurance hereunder is downgraded, the Mortgagor shall only be required to obtain replacement insurance with an insurer satisfying the requirements hereof at the stated expiration of the insurance policy maintained with the insurer whose rating was so downgraded.

Risks to be Insured. The Mortgagor will, at its expense, maintain or cause to be maintained by with insurance carriers that meet approved by the standards set forth below: Mortgagee (a) insurance with respect to the Improvements against loss or damage by fire, lightning and such other risks as are included in standard "all-risk" policies, in amounts sufficient to prevent the Mortgagor and the Mortgagee from becoming a co-insurer of any partial loss under the applicable policies, but in any event in amounts not less than the then full insurable value (actual replacement value) of the Improvements, as determined by the Mortgagor in accordance with generally accepted insurance practice and reasonably approved by the Mortgagee or, at the request of the Mortgagee, as determined at the Mortgagor's expense by the insurer or insurers or by an expert reasonably approved by the Mortgagee, (b) comprehensive public liability, including bodily injury and product liability and property damage damage, insurance, with personal injury endorsements, applicable to the Property in such amounts as are usually customarily carried by Persons of comparable size engaged in the same or a operating similar business and similarly situated properties in the same general locality, but in any event with a combined single limit of not less than Twenty Million Dollars ($20,000,000) per occurrence, (c) explosion insurance in respect of any steam and pressure boilers and similar apparatus located in the Property in such amounts as are usually carried by Persons of comparable size engaged in the same or a persons operating similar business and similarly situated properties in the same general locality, but in any event in an amount not less than Twenty Million Dollars ($20,000,000), (d) business interruption insurance (including added expense coverage) against all insurable perils for a period of not fewer than twelve (12) months (subject to a reasonable aggregate deductible not exceeding five ten (510) days per annumany occurrence or if an aggregate deductible not exceeding ten (10) days per occurrence is not then available, the lowest aggregate deductible then available), and (e) worker's compensation insurance to the full extent required by applicable law for all employees of the Mortgagor engaged in any work on or about the Property and employer's liability insurance with a limit of I-1-B-13 74 not less than Ten Million Dollars ($10,000,000) for each occurrence. All such insurance shall be provided (i) by insurers authorized by Lloyds of London to underwrite such risks, (iif) by insurers having an A.M. Best policyholders rating of not less than A-(except all-risk, builders' risk insurance with respect to insurers providing workers compensation insurancethe Property during any period during which there is any construction work being performed, against loss or damage by fire or other risks, including vandalism, malicious mischief and sprinkler leakage, as are included in which case such insurers shall have an A.M. Best policyholders rating of not less than B+so-called "extended coverage" clauses at the time available and (g) or (iii) by such other insurers insurance with respect to the Property in such amounts and against such insurable hazards as the Mortgagee from time to time may approve in writing; PROVIDED, HOWEVER, that if reasonably require by written notice to the rating of any of the insurers providing insurance hereunder is downgraded, the Mortgagor shall only be required to obtain replacement insurance with an insurer satisfying the requirements hereof at the stated expiration of the insurance policy maintained with the insurer whose rating was so downgradedMortgagor.

Risks to be Insured. The Mortgagor Grantor will, at its expense, maintain or cause to be maintained by with insurance carriers that meet approved by the standards set forth below: Grantee (a) insurance with respect to the Improvements against loss or damage by fire, lightning and such other risks as are included in standard "all-risk" policies, in amounts sufficient to prevent the Mortgagor Grantor and the Mortgagee Grantee from becoming a co-insurer of any partial loss under the applicable policies, but in any event in amounts not less than the then full insurable value (actual replacement value) of the Improvements, as determined by the Mortgagor Grantor in accordance with generally accepted insurance practice and reasonably approved by the Mortgagee Grantee or, at the request of the MortgageeGrantee, as determined at the MortgagorGrantor's expense by the insurer or insurers or by an expert reasonably approved by the MortgageeGrantee, (b) comprehensive public liability, including bodily injury and product liability and property damage damage, insurance, with personal injury endorsements, applicable to the Property in such amounts as are usually customarily carried by Persons of comparable size engaged in the same or a operating similar business and similarly situated properties in the same general locality, but in any event with a combined single limit of not less than Twenty Million Dollars ($20,000,000) per occurrence, (c) explosion insurance in respect of any steam and pressure boilers and similar apparatus located in the Property in such amounts as are usually carried by Persons of comparable size engaged in the same or a persons operating similar business and similarly situated properties in the same general locality, but in any event in an amount not less than Twenty Million Dollars ($20,000,000), (d) business interruption insurance (including added expense coverage) against all insurable perils for a period of not fewer than twelve (12) months (subject to a reasonable aggregate deductible not exceeding five ten (510) days per annumany occurrence), and (e) worker's compensation insurance to the full extent required by applicable law for all employees of the Mortgagor Grantor engaged in any work on or about the Property and employer's liability insurance with a limit of not less than Ten Million Dollars ($10,000,000) for each occurrence. All such insurance shall be provided (i) by insurers authorized by Lloyds of London to underwrite such risks, (ii) by insurers having an A.M. Best policyholders rating of not less than A-(except with respect to insurers providing workers compensation insurance, in which case such insurers shall have an A.M. Best policyholders rating of not less than B+) or (iii) by such other insurers as the Mortgagee may approve in writing; PROVIDED, HOWEVER, that if the rating of any of the insurers providing insurance hereunder is downgraded, the Mortgagor shall only be required to obtain replacement insurance with an insurer satisfying the requirements hereof at the stated expiration of the insurance policy maintained with the insurer whose rating was so downgraded.and