Common use of Tenant's Liability Insurance Obligations Clause in Contracts

Tenant's Liability Insurance Obligations. During the Term, Tenant shall obtain and continuously maintain in full force and effect Commercial General Liability Insurance for Operations of Tenant (this coverage must extend to all buildings, improvements and land and/or any other area as designated by this Lease); on a standard ISO CG 00 01 Commercial General Liability form (or equivalent). This policy must be on an occurrence basis and provide coverage for: Abuse and Molestation; Severability of Interest between Named Insured's and Additional Insured's; Independent Subcontractors; Products and Completed Operations; Contractual Liability as standardly provided under ISO; Personal Injury Liability; and Hostile Fire Pollution. Coverage must be provided on a per location aggregate and limits must apply separately to this location. Additional insured on a Primary and Non-Contributory basis is required. The Additional Insured endorsement must include premises and operations and products and completed operations and shall name Landlord, the Mortgagee (and comply with all Mortgagee insurance requirements), property manager, agents, employees, directors, officers, shareholders, members, partners, volunteers, servants, and affiliates as Additional Insureds. The policy must provide minimum limits of: Bodily Injury and Property Damage combined $5,000,000 General Annual Aggregate – Per Location $5,000,000 Products-Completed Operations Annual Aggregate $5,000,000 Bodily Injury and Property Damage Each Occurrence $5,000,000 Personal and Advertising Injury $5,000,000 The policy must have a commercially reasonable deductible and shall maintain an Umbrella Liability policy with a limit of not less than $10,000,000 on an occurrence form. The policy must provide coverage over the primary Commercial General Liability, Automobile Liability, and Employers' Liability. A per location aggregate and additional insured on a primary non- contributory basis shall be provided under the policy. Such insurance must include specific coverage provisions or endorsements for broad form contractual liability insurance insuring Tenant's obligations under this Lease. Further, all such insurance shall be obtained and maintained from and with a reputable and financially sound insurance company authorized to issue such insurance in the State of Indiana.

Appears in 3 contracts

Samples: Lease Agreement, Lease Agreement, Lease Agreement

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Tenant's Liability Insurance Obligations. During the Term, Tenant shall obtain and continuously maintain in full force and effect Commercial General Liability Insurance for Operations of Tenant (this coverage must extend to all buildings, improvements and land and/or any other area as designated by this Lease); on a standard ISO CG 00 01 Commercial General Liability form (or equivalent). This policy must be on an occurrence basis and provide coverage for: Abuse and Molestation; Severability of Interest between Named Insured's and Additional Insured's; Independent Subcontractors; Products and Completed Operations; Contractual Liability as standardly provided under ISO; Personal Injury Liability; and Hostile Fire Pollution. Coverage must be provided on a per location aggregate and limits must apply separately to this location. Additional insured on a Primary and Non-Contributory basis is required. The Additional Insured endorsement must include premises and operations and products and completed operations and shall name Landlord, the Mortgagee (and comply with all Mortgagee insurance requirements), property manager, agents, employees, directors, officers, shareholders, members, partners, volunteers, servants, and affiliates as Additional Insureds. limits of: The policy must provide minimum limits of: Bodily Injury and Property Damage combined $5,000,000 General Annual Aggregate – Per Location $5,000,000 Products-Completed Operations Annual Aggregate $5,000,000 Bodily Injury and Property Damage Each Occurrence $5,000,000 Personal and Advertising Injury $5,000,000 The policy must have a commercially reasonable deductible and shall maintain an Umbrella Liability policy with a limit of not less than $10,000,000 on an occurrence form. The policy must provide coverage over the primary Commercial General Liability, Automobile Liability, and Employers' Liability. A per location aggregate and additional insured on a primary non- contributory basis shall be provided under the policy. Such insurance must include specific coverage provisions or endorsements for broad form contractual liability insurance insuring Tenant's obligations under this Lease. Further, all such insurance shall be obtained and maintained from and with a reputable and financially sound insurance company authorized to issue such insurance in the State of Indiana.

Appears in 1 contract

Samples: Lease Agreement

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Tenant's Liability Insurance Obligations. During Tenant shall, at Tenant's sole cost and expense but for the Termmutual benefit of Landlord, its managing agent and Tenant, maintain commercial general liability insurance against claims for personal injury, death or property damage occurring upon, in or about the Premises, such insurance to afford protection to Landlord, its managing agent and Tenant of a combined single limit of Two Million and No/100 Dollars ($2,000,000.00) in respect to the injury, death or property damage arising out of any accident or occurrence in the Premises. In addition, Tenant shall obtain and continuously maintain carry employer's liability insurance with a minimum limit of $500,000 for bodily injury; worker's compensation insurance in full force and effect Commercial General Liability Insurance for Operations of Tenant (this coverage must extend to all buildings, improvements and land and/or any other area as designated by this Lease); on a standard ISO CG 00 01 Commercial General Liability form (or equivalent). This policy must be on an occurrence basis and provide coverage for: Abuse and Molestation; Severability of Interest between Named Insured's and Additional Insured's; Independent Subcontractors; Products and Completed Operations; Contractual Liability as standardly provided under ISO; Personal Injury Liabilitystatutory limits; and Hostile Fire Pollutionexcess liability insurance over the commercial general and employer's liability insurance required above with combined, minimum coverage of $5,000,000. Coverage must Such policies of insurance shall be provided on a per location aggregate and limits must apply separately written in companies reasonably satisfactory to this locationLandlord. Additional insured on a Primary and Non-Contributory basis is required. The Additional Insured endorsement must include premises and operations and products and completed operations and shall name Landlord, the Mortgagee (and comply with all Mortgagee Landlord agrees that an insurance requirements), property manager, agents, employees, directors, officers, shareholders, members, partners, volunteers, servants, and affiliates as Additional Insureds. The policy must provide minimum limits of: Bodily Injury and Property Damage combined $5,000,000 General Annual Aggregate – Per Location $5,000,000 Products-Completed Operations Annual Aggregate $5,000,000 Bodily Injury and Property Damage Each Occurrence $5,000,000 Personal and Advertising Injury $5,000,000 The policy must have a commercially reasonable deductible and shall maintain an Umbrella Liability policy company with a limit rating of not less than $10,000,000 on an occurrence form"A-" and a financial size of not less than Class VIII in the most current available "Best's Insurance Reports" is acceptable to Landlord. The policy must provide coverage over the primary Commercial General Liability, Automobile Liability, All such policies shall also name Landlord and Employers' Liability. A per location aggregate and its managing agent as additional insured insureds thereunder (on a primary non- contributory basis basis), and such policies, or a memorandum or certificate of such insurance, shall be delivered to Landlord with evidence reasonably satisfactory to Landlord that the premium thereon has been paid. At such time as insurance limits required of tenants in light industrial buildings in the area in which the Premises are located are generally increased to greater amounts, Landlord shall have the right to require such greater limits as may then be customary. Tenant agrees to include in such policy the contractual liability coverage insuring Tenant's indemnification obligations provided under the policyfor herein. Any such coverage shall be deemed primary to any liability coverage secured by Landlord. Such insurance must include specific shall also afford coverage provisions for all claims based upon acts, omissions, injury or endorsements for broad form contractual liability insurance insuring Tenant's obligations under this Lease. Furtherdamage, all such insurance shall be obtained and maintained from and with a reputable and financially sound insurance company authorized to issue such insurance which claims occurred or arose (or the onset of which occurred or arose) in whole or in part during the State of Indianapolicy period.

Appears in 1 contract

Samples: And Attornment Agreement (Ace Hardware Corp)

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