Common use of Special Coverages Clause in Contracts

Special Coverages. Tenant shall carry “Builder’s All Risk” insurance in an amount approved by Landlord covering the construction of the Tenant Improvements, and such other insurance as Landlord may require, but Landlord shall insure the Tenant Improvements pursuant to the Lease immediately upon completion thereof in the same manner as Landlord is required to insure the “Tenant Improvements constructed by Landlord” pursuant to Section 10.1(d) of the Lease. Such insurance shall be in amounts and shall include such extended coverage endorsements as may be reasonably required by Landlord including, but not limited to, the requirement that all of Tenant’s Agents, including all contractors, shall carry general liability, including Products and Completed Operation Coverage insurance, each in amounts not less than (i) for the Contractor, $5,000,000 per incident, $5,000,000 in aggregate, and (ii) for subcontractors, $2,000,000 per incident, $2,000,000 in aggregate (or such lesser amounts as are reasonably approved in advance by Landlord), as well as workers compensation insurance and in form and with companies as are required to be carried by Tenant’s contractors as set forth in the Lease.

Appears in 5 contracts

Samples: Office Lease, Sublease (Revolution Medicines, Inc.), Sublease (OncoMed Pharmaceuticals Inc)

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Special Coverages. During construction of the Improvements, Tenant or its Contractor shall carry "Builder’s 's All Risk" insurance in an amount approved by Landlord not more than the amount of the Contract covering the construction of the Tenant Improvements (but in no event greater than 100% of the completed insurable value of the Improvements), and such other insurance as Landlord may requirereasonably require commensurate with the types of insurance and levels of coverage required by owners of EXHIBIT B-9- [Reddit, but Landlord Inc.] 000 XXXXXX XXXXXX Xxxxx Xxxxx Comparable Buildings, it being understood and agreed that the Improvements shall insure the be insured by Tenant Improvements pursuant to the Lease immediately upon completion thereof in the same manner as Landlord is required to insure the “Tenant Improvements constructed by Landlord” pursuant to Section 10.1(d) of the Leasethereof. Such insurance shall be in amounts and shall include such customary extended coverage endorsements as may be reasonably required by Landlord including, but not limited to, the requirement that all and are generally required by landlords of Tenant’s Agents, including all contractors, shall carry general liability, including Products and Completed Operation Coverage insuranceComparable Buildings, each in amounts not less than (i) for the Contractor, $5,000,000 per incidentincident for the Contractor and $1,000,000 per incident for all other Tenant's Agents, and $5,000,000 in aggregate, aggregate for the Contractor and (ii) for subcontractors, $2,000,000 per incident, $2,000,000 1,000,000 in aggregate (or such lesser amounts as are reasonably approved in advance by Landlord)for all other Tenant's Agents, as well as workers compensation insurance and in form and with companies as are required to be carried by Tenant’s contractors Tenant as set forth in the Lease.

Appears in 1 contract

Samples: Office Lease (Reddit, Inc.)

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