Common use of Form and Certificates Clause in Contracts

Form and Certificates. The policy of insurance required to be carried by Optionee pursuant to this Section shall name Optionor as an additional insured and contain a cross-liability and severability endorsement. Optionee’s insurance policy shall also be primary insurance without right of contribution from any policy carried by Optionor. A certificate of insurance and a copy of Optionee’s insurance policy shall be provided to Optionor before any entry by Optionee or its agents or employees on the Property and shall provide that such policy is not subject to cancellation, expiration or change, except upon thirty (30) days prior written notice to Optionor.