11-10-1997 Council Packet - Laserfiche WebLink

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limited to, bodily injury, property damage-broad form, and personal injury, for the hazards of Premises/Operation, broad form contractual and independent contractors, products and completed operations. The Tenant must maintain aforementioned general liability coverage with limits of liability not less than $2,000,000 each occurrence; $2,000,000 personal; $2,000,000 general aggregate, and $2,000,000 products and completed operations.These limits may be satisfied by the general liability coverage or in combination with an umbrella or excess liability policy, provided coverages afforded by the umbrella or excess policy are no less than the underlying general liability coverages. Tenant will maintain Completed Operations coverage for a minimum of two years after the construction is completed. (c) Automobile Liability. The Tenant must carry Automobile Liability coverage. Coverage shall afford total liability limits for Bodily injury Liability and Property Damage Liability in the amount of $1,000,000 per accident. The liability limits may be afforded under the Commercial Policy, or in combination with an Umbrella or Excess Liability Policy provided coverages afforded by the Umbrella Excess Policy are no less than the underlying Commercial Auto Liability coverage. Coverage shall be provided for Bodily Injury and Property Damage for the ownership, use, maintenance or operation of all owned, non-owned and hired automobiles. The Commercial Automobile Policy shall include at least statutory personal injury protection, uninsured motorists and underinsured motorists coverages. Failure to maintain the insurance as listed above will result in immediate termination of the Lease, and Tenant will be liable to the Landlord for 150% of the annual rent as called for in Paragraph 13(c). (d) Tenant Property Insurance. The Tenant must keep in force during the term and any renewals of the Lease a policy covering damages to its property at the Leased Premises. The amount of coverage shall be not less than 90% of the full replacement cost of the Communication Facility. (e) Adiustment to Insurance Coverage Lin.its. The coverage limits set forth herein shall be increased at the time of any Renewal Term by a minimum of the Consumer Price Index as calculated under Paragraph 2(a). If the increase would be less than 25% based on the consumer price index, the limits may be increased up to 25% based on the limits needed to provide adequate coverage (0 Additional Insured - Certificate of Insurance. The Tenant shall provide, prior to tenancy, evidence of the required insurance in the form of a Certificate of Insurance 082/22147604 11/7/97 8