Common use of Tenant’s Required Coverage Clause in Contracts

Tenant’s Required Coverage. Tenant shall, at Tenant’s sole cost and expense, procure and continue in force the following policies of insurance in the amount set forth in Paragraph K of the Summary of Lease Terms, unless such amounts are otherwise set forth in this Section 13.1: (i) Liability insurance on an occurrence basis, with limits in an amount set forth in Paragraph K of the Summary of Lease Terms, for all claims or losses arising out of or resulting from personal injury (including bodily injury), death and/or property damage sustained or alleged to have been sustained by any person for any reason on or about the Premises, including liability arising out of or resulting from Tenant’s use of the Premises, or circumstances associated with the covenants contained in Section 12 above to indemnify Landlord, its agents and employees, or for contractual liability; (ii) All risk replacement cost insurance with an agreed amount endorsement upon property of every description and kind owned by Tenant and located in the Premises and for all improvements located in the Premises except building standard improvements in an amount equal to 100% of the full replacement value thereof; (iii) Workers’ compensation insurance (including employer’s liability insurance) in accordance with applicable law; (iv) Such other insurance as may be reasonably required by Landlord or by any holder of any existing or future ground or underlying lease, mortgage or deed of trust. Not more often than every year and upon not less than sixty (60) days prior written notice, Landlord, in its reasonable discretion, may require Tenant to increase the insurance limits set forth in subparagraphs (i) and (ii) above.

Tenant’s Required Coverage. Tenant shall, at Tenant’s 's sole cost and expense, procure and continue in force the following policies of insurance in the amount amounts set forth in Paragraph PARAGRAPH K of the Summary of Lease TermsOF THE SUMMARY OF LEASE TERMS, unless such amounts are otherwise set forth in this Section SECTION 13.1: : (i) Liability insurance on an occurrence basis, with limits in an amount set forth in Paragraph PARAGRAPH K of the Summary of Lease TermsOF THE SUMMARY OF LEASE TERMS, for all claims or losses arising out of or resulting from personal injury (including bodily injury), death and/or property damage sustained or alleged to have been sustained by any person for any reason on or about the Premises, including for liability arising out of or resulting from Tenant’s use of the Premises, or circumstances associated with the 's covenants contained in Section SECTION 12 above to indemnify Landlord, its agents and employees, or for contractual liability; ; (ii) All risk replacement cost insurance with an agreed amount endorsement upon property of every description and kind owned by Tenant and located in the Premises and for all improvements located in the Premises except building standard improvements in an amount equal to 100% of the full replacement value thereof; ; (iii) Workers’ ' compensation insurance (including employer’s 's liability insurance) in accordance with applicable law; ; (iv) Such other insurance as may be reasonably required by Landlord or by any holder of any existing or future ground or underlying lease, mortgage or deed of trust. Not more often than every year and upon not less than sixty (60) days prior written notice, Landlord, in its reasonable discretion, may require Tenant to increase the insurance limits set forth in subparagraphs (i) and or (ii) above.