Common use of Tail Coverage Clause in Contracts

Tail Coverage. On or before June 30, 2015, Landlord agrees to provide to Tenant evidence of the continuation of insurance for general liability and professional liability for claims which may be made as a result of Landlord’s operation of the Facility prior to the Commencement Date, with minimum limits equal to $500,000.00, and all such insurance policies shall name Tenant and Aria Health Group, LLC as additional insureds. All policies of insurance required pursuant to this Section 31 shall not expire until after the expiration of any applicable statute of limitations, including any tolling period. Landlord agrees to provide, not less than ten (10) days prior written notice of cancellation, non-renewal or amendment to any policy including, without limitation, any amendment that would reduce the scope or limit coverage or remove any endorsement to any policy or cause any policy to no longer be in full force and effect or fail to be renewed. Tenant acknowledges and agrees that Landlord may (i) provide self-insured continuation coverage and (ii) from time to time replace insurers as long as the required limits and deductibles stated herein remain unchanged. If Landlord shall not have provided Tenant with such evidence by June 30, 2015, Tenant shall have the right to terminate this Lease by written notice of termination delivered to Landlord by June 30, 2015, with an effective date of termination of this Lease to occur on August 1, 2015. i. Exhibit E to the Lease is hereby deleted in its entirety and Exhibit E attached to the Third Amendment is substituted in lieu thereof. j. Schedule 1 to the Lease is hereby deleted in its entirety and Schedule 1 attached to the Third Amendment is substituted in lieu thereof.