Buildings and Improvements. The Insuring Party shall obtain and keep in force during the term of this Lease a policy or policies of fire and extended coverage insurance in the name of Landlord, with loss payable to Landlord and to the holders of any mortgages, deeds of trust or ground leases on the Premises ("Lender(s)"), insuring loss or damage to the Premises. The amount of such insurance shall be equal to the full replacement cost of the Premises, as the same shall exist from time to time, or the amount required by Lenders, but in no event more than the commercially reasonable and available insurable value thereof if, by reason of the unique nature or age of the improvements involved, such latter amount is less than full replacement cost. If the coverage is available and commercially appropriate, such policy or policies shall insure against all risks of direct physical loss or damage (except the perils of flood and/or earthquake, unless required by a Lender), including coverage for any additional costs resulting from debris removal and reasonable amounts of coverage for the enforcement of any ordinance or law regulating the reconstruction or replacement of any undamaged sections of the Premises required to be demolished or removed by reason of the enforcement of any building, zoning, safety or land use laws as the result of a covered cause of loss. Said policy or policies shall also contain an agreed valuation provision in lieu or any coinsurance clause, waiver of subrogation, and inflation guard protection causing an increase in the annual property insurance coverage amounts by a factor of not less than the adjusted U.S. Department of Labor Consumer Price Index for All Urban Consumers for the city nearest to where the Premises are located. If such insurance coverage has a deductible clause, the deductible amount shall not exceed $10,000 per occurrence, and Tenant shall be liable for such deductible amount in the event of an Insured Loss, as defined in Section 9.1(c).
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Buildings and Improvements. The Insuring Party Lessee, at its sole expense, shall obtain and keep in force during the term of this Lease a policy or policies of fire and extended coverage insurance in the name of LandlordLessor, with loss payable to Landlord Lessor and to the holders of any mortgages, deeds of trust or ground leases on the Premises ("Lender(s)"), insuring insurance loss or damage to the Premises. The amount of such insurance shall be equal to the full replacement cost of the Premises, as the same shall exist from time to time, or the amount required by Lenders, but in no event more than the commercially reasonable and available insurable value thereof if, by reason of the unique nature or age of the improvements involved, such latter amount is less than full replacement costif greater. If the coverage is available and commercially appropriate, such Such policy or policies shall insure against all risks of direct physical loss or damage (except the perils of flood and/or earthquake, unless required by a Lender)damage, including flood and earthquake coverage for any additional costs resulting from debris removal and reasonable amounts of coverage for the enforcement of any ordinance or law regulating the reconstruction or replacement of any undamaged sections of the Premises required to be demolished or removed by reason of the enforcement of any building, zoning, safety or land use laws as the result of a covered cause of loss. Such policy shall also cover (a) Lessee's fixtures, equipment and tenant improvements, (b) fire, extended coverage, vandalism and malicious mischief, (c) special extended coverage and (d) plate glass. Said policy or policies shall also contain an agreed valuation provision in lieu or of any coinsurance clause, waiver of subrogation, subrogation and inflation guard protection causing an increase in the annual property insurance coverage amounts amount by a factor of not net less than the adjusted U.S. Department of Labor Consumer Price Index for All all Urban Consumers for the city nearest to where the Premises are located. If such insurance coverage has a deductible clause, the deductible amount shall not exceed One Thousand Dollars ($10,000 1,000) per occurrence, and Tenant Lessee shall be liable for such deductible amount in the event of an Insured Loss, as defined in Section 9.1(c)amount.
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