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PL PACKET 11202001
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PL PACKET 11202001
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Last modified
12/30/2015 7:39:40 PM
Creation date
12/30/2015 7:39:24 PM
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SP Box #
27
SP Folder Name
PL PACKETS 2000-2004
SP Name
PL PACKET 11202001
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• Landlord for injury or damage occurring in the Premises from causes other than Tenant's negligence or <br /> intentional acts shall be limited to the extent of insurance proceeds, if any, available pursuant to the terms <br /> of policies of liability insurance maintained by Tenant or required to be maintained by Tenant by the terms <br /> of this Lease. Subject to the provisions of Paragraph 15(f)hereof and to the foregoing sentence. Landlord <br /> shall indemnify Tenant from and against any and all demands and liabilities for or relating to injury or loss <br /> of life to persons or damage to or loss of property to the extent arising from Landlord's negligence or <br /> intentional misconduct.The duties to indemnify contemplated hereby include the duty to pay all reasonable <br /> and necessary attorneys'fees and costs incurred by the indemnitee in connection with any such proceedings <br /> and shall survive the termination of the Lease; provided, such duties shall only be applicable to the extent <br /> that they are not limited by the waiver of claims provision of Paragraph 15(f)of the Lease. <br /> 18. Tenant's Insurance. <br /> (a) Liability Insurance.Tenant shall,at its sole cost and expense. maintain in effect at <br /> all times during the Lease Term a"Commercial General Liability Insurance"policy, <br /> on an "occurrence" rather than on a "claims made" basis, with a total combined <br /> policy limit of at least$1,000,000.00,which policy shall include,but notbe limited <br /> to,coverages for Bodily Injury,Property Damage,Personal Injury and Contractual <br /> Liability(applying to this Lease),or an equivalent form(or forms),so long as such <br /> equivalent form(or forms)affords coverage which is at least as broad.An Insurance <br /> Services Office"Comprehensive General Liability"policy which includes a Broad <br /> Form Endorsement GL 0404 (Insurance Services Office designation) shall be <br /> considered to be an equivalent policy form. Tenant's liability insurance coverage <br /> maybe subject to a "deductible", "retention" or"participation" (or other similar <br /> • provision) requiring the Tenant to remain responsible for a stated amount or <br /> percentage of each covered loss; provided, however, that such amount shall not <br /> exceed $1,000.00 each occurrence. Such policy shall name Landlord as an <br /> Additional Insured thereunder. <br /> (b) Property Insurance. Tenant shall,at its sole cost and expense,maintain in effect at <br /> all times during the term of the Lease insurance covering all of Tenant's <br /> improvements, fixtures, inventory and other personal property in the Premises <br /> against loss by fire and other hazards covered by the so-called "all-risk" form of <br /> policy,in an amount equal to the actual replacement cost thereof,without deduction <br /> for physical depreciation. Such insurance shall include Valuable Papers and <br /> Records coverage providing for the Reproduction Costs measure of recovery; <br /> business interruption coverage covering a period of at least 365 days;and coverage <br /> for damage to Electronic Data Processing _Equipment and Media, including <br /> coverage of the perils of mechanical breakdown and electronic disturbance. If the <br /> Tenant's property in the Premises includes steam boilers or other equipment <br /> excluded from coverage pursuant to a Boiler and Machinery exclusion,.such <br /> insurance policy shall include Boiler and Machinery insurance in an amount <br /> reasonably satisfactory to Landlord. <br /> (c) Workers' Compensation and Liquor Liability Insurance. At all times during the <br /> Lease Term.Tenant shall procure and maintain Workers'Compensation Insurance <br /> and liquor liability insurance in accordance with the laws of the State of Minnesota. <br /> 14 <br />
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