Carried by Tenant. Tenant shall obtain and keep in force a Commercial General Liability Policy protecting Tenant and Landlord against claims for bodily injury, personal injury and property damage based upon or arising out of the use, occupancy or maintenance of the Premises and all areas appurtenant thereto. Such insurance shall be written on an occurrence basis in an amount not less than One Million Dollars ($1,000,000.00) per occurrence. The policy shall not contain any intra-insured exclusions as between insured persons or organizations, but shall include coverage for liability assumed under this Lease as an “insured contracts” for the performance of Tenant’s indemnity obligations under this Lease. The limits of said insurance shall not, however, limit the liability of Tenant nor relieve Tenant of any obligation hereunder. All insurance carried by Tenant shall be primary to and not contributory with any similar insurance carried by Landlord, whose insurance shall be considered excess insurance only. Landlord shall be named as an additional insured under such liability policies.
Appears in 1 contract
Sources: Commercial Lease Agreement
Carried by Tenant. Tenant shall obtain and keep in force a during the Term the insurance set forth on Schedule 11.1.1 attached hereto. The Commercial General Liability Policy protecting policy of insurance shall protect Tenant and Landlord against claims for bodily injury, personal injury and property damage based upon upon, involving or arising out of the use, occupancy or maintenance of the Premises and all areas appurtenant theretoPremises. Such insurance shall be written on an occurrence basis providing single limit coverage in an amount not less than One Million Dollars ($1,000,000.001,000,000) per occurrenceoccurrence and Three Million Dollars ($3,000,000) in the aggregate with an “Additional Insured-Managers or Landlords of Premises” Endorsement. The commercial general liability policy shall not contain any intra-insured exclusions as between insured persons or organizations, but shall include coverage for liability assumed under this Lease as an “insured contractscontract” for the performance of Tenant’s indemnity obligations under this Lease. The limits of said insurance shall not, however, limit the liability of Tenant nor relieve Tenant of any obligation hereunder. All insurance to be carried by Tenant shall be primary to and not contributory with any similar insurance carried by Landlord, whose insurance shall be considered excess insurance only. Landlord and Landlord’s lender, if any, shall be named as an additional insured under such liability policiesinsureds in the policies required in this Section 11.1.1.
Appears in 1 contract
Sources: Lease Agreement (Limoneira CO)