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INSURANCE AND INDEMNITY <br /> 5.1 Insurance. During the Term, Tenant shall maintain at its own expense: <br /> (1) Until the Improvements are substantially complete, and during <br /> any construction, alteration, or repair by Tenant of any Improvements, <br /> Builders Risk insurance, written on the so-called"Builders Risk- <br /> Completed Value Basis" in an amount equal to one hundred percent <br /> (100%) of the insurable value of the Improvements at the date of <br /> completion, and with coverage available in non-reporting form on the <br /> so-called"all risk" form of policy, but subject to customary exclusions. <br /> (2) Comprehensive general public liability insurance (including <br /> operations, contingent liability, operations of subcontractors, completed <br /> operations and contractual liability insurance) with limits against bodily <br /> injury and property damage of not less than $2,000,000 for each <br /> occurrence, if possible on an occurrence basis, and an aggregate <br /> limitation of$5,000,000 (to accomplish the above-required limits, an <br /> umbrella excess liability policy may be used). The comprehensive <br /> general public liability insurance shall name the Landlord as an <br /> additional insured. <br /> (3) at such time as the Improvements are substantially complete, <br /> insurance against loss by fire and other hazards covered by the so- <br /> called"all-risk" form of policy (including flood and earthquake) <br /> without a co-insurance clause in an amount equal to the full insurable <br /> replacement value of the Improvements. <br /> (4) workers' compensation and employer's liability insurance with <br /> statutory limits (or state-authorized self-insurance program). <br /> 5.2 Requirements. All insurance required in this Article 5 shall be taken <br /> out and maintained in responsible insurance companies selected by the Tenant which <br /> are authorized under the laws of the State to assume the risks covered thereby. The <br /> Tenant will deposit annually with the Landlord policies evidencing all such insurance, <br /> or a certificate or certificates or binders of respective insurers stating that such <br /> insurance is in force and effect. Each policy shall contain a provision that the insurer <br /> shall not cancel or modify it without giving written notice to the Tenant and the <br /> Landlord at least thirty(30) days before the cancellation or modification becomes <br /> effective. Not less than fifteen (15) days prior to the expiration of any policy, the <br /> Tenant shall furnish the Landlord evidence satisfactory to the Landlord that the policy <br /> has been renewed or replaced by another policy conforming to the provisions of this <br /> Article 5, or that there is no necessity therefor under the terms of this Agreement. In <br /> lieu of separate policies, the Tenant may maintain a single policy, blanket or umbrella <br /> policies, or a combination thereof, having the coverage required in this Lease, in <br /> which event the Tenant shall deposit with the Landlord a certificate or certificates of <br /> the respective insurers as to the amount of coverage in force upon the Improvements. <br /> All policies pursuant to this Lease shall be in form and content satisfactory to <br /> Landlord and shall, to the extent reasonably requested by Landlord,name Landlord as <br /> an additional insured and, in the case of property insurance policies, provide Landlord <br />