Tenant Policy Requirements Sample Clauses

Tenant Policy Requirements. (a) The policies described in this Article 12 required to be procured and maintained by Tenant shall: (i) be evidenced by an insurance certificate reasonably acceptable to Landlord in form and content, (ii) include a waiver or permit an express waiver of any right of subrogation by the insurance company in favor of Landlord, the Landlord Entities, Landlord’s agents and beneficiaries, and mortgagees and master lessors, (iii) provide that, and any certificate evidencing the existence of each insurance policy shall certify that, unless Landlord receives thirty (30) days’ prior written notice [or at least ten (10) days’ prior written notice of such cancellation or termination due to non-payment of premiums]: (1) the insurance policy shall not be canceled and shall continue in full force and effect, and (2) no material changes may be made in the insurance policy, (iv) be written as primary policy coverage and not contributing with or in excess of any coverage which Landlord or the Landlord Entities may carry, (v) include a cross-liability or severability of interests clause [except this clause (v) shall not apply to workers’ compensation policies and employer’s liability policies], (vi) be issued by insurance companies reasonably satisfactory to Landlord, authorized to do business in the state in which the Shopping Center is located and having a rating of not less than “A X” by A.M. Best Insurance Reports, (vii) name Landlord, the Landlord Entities, and Landlord’s mortgagees and master lessors (if any) as additional insureds, as their respective interests may appear [except this clause (vii) shall not apply to workers’ compensation policies and employer’s liability policies], and (viii) contain deductible limits no greater than ten thousand dollars ($10,000). “Insurance policy” or “policy,” as used in this subsection, includes any extensions or renewals of the insurance policy.