Types and Amounts of Insurance. The Lessee's insurance shall include the following: (a) property loss and physical damage insurance on an all-risk basis (with only such exceptions as the Lessor may in its reasonable discretion approve) covering the Leased Property (exclusive of Land) for its full replacement cost, which cost shall be reset once a year at the Lessor's option, with an agreed-amount endorsement and a deductible not in excess of TEN THOUSAND DOLLARS ($10,000.00). Such insurance shall include, without limitation, the following coverages: (i) increased cost of construction, (ii) cost of demolition, (iii) the value of the undamaged portion of the Facility and (iv) contingent liability from the operation of building laws, less exclusions provided in the normal "All Risk" insurance policy. During any period of construction, such insurance shall be on a builder's-risk, completed value, non-reporting form with permission to occupy; (b) flood insurance (if the Leased Property or any portion thereof is situated in an area which is considered a flood risk area by the U.S. Department of Housing and Urban Development or any other Governmental Authority that may in the future have jurisdiction over flood risk analysis) in limits reasonably acceptable to the Lessor; (c) boiler and machinery insurance (including related electrical apparatus and components) under a standard comprehensive form, providing coverage against loss or damage caused by explosion of steam boilers, pressure vessels or similar vessels, now or hereafter installed on the Leased Property, in limits reasonably acceptable to the Lessor; (d) earthquake insurance (if deemed necessary by the Lessor) in limits and with deductibles reasonably acceptable to the Lessor; (e) intentionally omitted; (f) business interruption and/or rent loss insurance in an amount equal to the annual Base Rent due hereunder plus the aggregate sum of the Impositions relating to the Leased Property due and payable during one year; (g) comprehensive general public liability insurance including coverages commonly found in the Broad Form Commercial Liability Endorsements with amounts not less than FIVE MILLION DOLLARS ($5,000,000) per occurrence with respect to bodily injury and death and THREE MILLION DOLLARS ($3,000,000) for property damage and with all limits based solely upon occurrences at the Leased Property without any other impairment; (h) professional liability insurance in an amount not less than TEN MILLION DOLLARS ($10,000,000) for each medical incident; (i) physical damage insurance on an all-risk basis (with only such exceptions as the Lessor in its reasonable discretion shall approve) covering the Tangible Personal Property for the full replacement cost thereof and with a deductible not in excess of one percent (1%) of the full replacement cost thereof; (j) Workers' Compensation and Employers' Liability Insurance providing protection against all claims arising out of injuries to all employees of the Lessee or of any Sublessee (employed on the Leased Property or any portion thereof) in amounts equal for Workers' Compensation, to the statutory benefits payable to employees in the State and for Employers' Liability, to limits of not less than ONE HUNDRED THOUSAND DOLLARS ($100,000) for injury by accident, ONE HUNDRED THOUSAND DOLLARS ($100,000) per employee for disease and FIVE HUNDRED THOUSAND DOLLARS ($500,000) disease policy limit; and (k) such other insurance as the Lessor from time to time may reasonably require and also, as may from time to time be required by applicable Legal Requirements and/or by any Fee Mortgagee.
Appears in 2 contracts
Sources: Facility Lease Agreement (Carematrix Corp), Facility Lease Agreement (Carematrix Corp)
Types and Amounts of Insurance. The Lessee's insurance on all of the Facilities shall include the followingfollowing unless otherwise approved by Owners:
(a) property loss and physical damage insurance on an all-risk basis (with only such exceptions as the Lessor Owner may in its reasonable discretion approve) covering the Leased Property each Facility (exclusive of Land) for its full replacement cost, which cost shall be reset once a year at the Lessor's option, with an agreed-amount endorsement (without deduction for depreciation) and a deductible for each Facility not in excess of TEN TWENTY FIVE THOUSAND DOLLARS ($10,000.0025,000). Such insurance Nonconforming uses shall include, without limitation, the following coverages: (i) increased be insured for replacement cost of constructionexisting improvements without regard to the ability to rebuild the improvements. Manager as an Operating Expense will keep in force an all risk property insurance policy covering Manager's furniture, (ii) cost furnishings and equipment situated at the Facilities, including but not limited to the van or bus for each Facility until legal title is transferred to Owners, but the proceeds of demolition, (iii) the value of the undamaged portion of the Facility and (iv) contingent liability from the operation of building laws, less exclusions provided in the normal "All Risk" any insurance policy. During any period of construction, such insurance on a van or bus shall be on a builder's-risk, completed value, non-reporting form with permission paid to occupy;the respective Owner.
(b) flood insurance (if the Leased Property Facility or any portion thereof is situated in an area which is considered a flood risk area by the U.S. Department of Housing and Urban Development or any other future Governmental Authority that may in the future have jurisdiction over charged with flood risk analysis) in limits reasonably acceptable to the LessorOwner and subject to the availability of such flood insurance;
(c) boiler and machinery insurance (including related electrical apparatus and components) under a standard comprehensive form, providing coverage against loss or damage caused by explosion of steam boilers, pressure vessels or similar vessels, now or hereafter installed on the Leased Propertyat any Facility, in limits reasonably acceptable to the Lessorapproved by Owners;
(d) earthquake business interruption insurance (if deemed necessary by the Lessor) in limits an amount and with deductibles reasonably acceptable to the Lessorextent reasonably specified by Owners, but in no event in an amount less than Fixed Operating Expenses plus projected Operating Profit for a period of twelve (12) months, and include either an agreed amount endorsement or a waiver of any co-insurance provisions so as to prevent any insured from being a co-insurer;
(e) intentionally omitted;
(f) business interruption and/or rent loss insurance in an amount equal to the annual Base Rent due hereunder plus the aggregate sum of the Impositions relating to the Leased Property due and payable during one year;
(g) comprehensive commercial general public liability insurance on an occurrence basis insuring the applicable Owner and Managers against claims for personal injury or death or property damage occurring at each Facility, including coverages commonly found in the Broad Form Commercial Liability Endorsements with amounts not less than FIVE MILLION DOLLARS ($5,000,000) per occurrence with respect to bodily injury and death and THREE MILLION DOLLARS ($3,000,000) for property damage and damage;
(f) Employees' fidelity insurance in an amount not less than $1,000,000 protecting owner against any misappropriation of funds with all limits based solely upon occurrences at the Leased Property without respect to any other impairmentFacility by Manager's employees;
(g) umbrella/excess general liability insurance on an occurrence basis in an amount not less than $5,000,000;
(h) professional liability insurance in an amount not less than TEN MILLION DOLLARS ($10,000,000) for each medical incident;
(i) physical damage insurance on an all-risk basis (with only such exceptions as the Lessor Owners in its their reasonable discretion shall approve) covering the Tangible tangible Personal Property for the full replacement cost thereof (without deduction for depreciation) and with a deductible not in excess of one percent (1%) of the full replacement cost thereof$5,000 for each Facility;
(j) Workers' Compensation and Employers' Liability Insurance providing protection against all claims arising out of injuries to all employees of the Lessee or of any Sublessee (employed on the Leased Property or any portion thereof) in amounts equal for Workers' Compensation, to the statutory benefits payable to employees in the State and for Employers' Liability, to limits of not less than ONE HUNDRED THOUSAND DOLLARS ($100,000) for injury by accident, ONE HUNDRED THOUSAND DOLLARS ($100,000) per employee for disease and FIVE HUNDRED THOUSAND DOLLARS ($500,000) disease policy limit; and
(k) such other insurance as the Lessor from time to time may reasonably require and also, as may from time to time be required by applicable Legal Requirements and/or by any Fee Mortgagee.
Appears in 2 contracts
Sources: Management Agreement With Option to Purchase (Emeritus Corp\wa\), Management Agreement With Option to Purchase (Emeritus Corp\wa\)
Types and Amounts of Insurance. The Lessee's insurance shall include the following:
(aA) property loss and physical damage insurance on an all-risk basis (with only such exceptions as the Lessor may in its reasonable discretion approve) covering the Leased Property (exclusive of Land) for its full replacement cost, which cost shall be reset once a year at the Lessor's option, with an agreed-agreed- amount endorsement and a deductible not in excess of TEN FIFTY THOUSAND AND NO/100 DOLLARS ($10,000.0050,000.00). Such insurance shall include, without limitation, the following coverages: (iI) increased cost of construction, (iiII) cost of demolition, (iiiIII) the value of the undamaged portion of the Facility and (ivIV) contingent liability from the operation of building laws, less exclusions provided in the normal "All Risk" insurance policy. During any period of construction, such insurance shall be on a builder's-risk, completed value, non-reporting form with permission to occupy;
(bB) flood insurance (if the Leased Property or any portion thereof is situated in an area which is considered a flood risk area by the U.S. Department of Housing and Urban Development or any other Governmental Authority that may in the future have jurisdiction over flood risk analysis) in limits reasonably acceptable to the Lessor;
(cC) boiler and machinery insurance (including related electrical apparatus and components) under a standard comprehensive form, providing coverage against loss or damage caused by explosion of steam boilers, pressure vessels or similar vessels, now or hereafter installed on the Leased Property, in limits reasonably acceptable to the Lessor;
(dD) earthquake insurance (if deemed necessary by the Lessor) in limits and with deductibles reasonably acceptable to the Lessor;
(e) intentionally omitted;
(fE) business interruption and/or rent loss insurance in an amount equal to the annual Base Rent and Additional Rent due hereunder plus the aggregate sum of the Impositions relating to the Leased Property due and payable during one year;
(gF) comprehensive general public liability insurance including coverages commonly found in the Broad Form Commercial Liability Endorsements with amounts not less than FIVE MILLION AND NO/100 DOLLARS ($5,000,0005,000,000.00) per occurrence with respect to bodily injury and death and THREE MILLION AND NO/100 DOLLARS ($3,000,0003,000,000.00) for property damage and with all limits based solely upon occurrences at the Leased Property without any other impairment;
(hG) professional liability insurance in an amount not less than TEN MILLION AND NO/100 DOLLARS ($10,000,00010,000,000.00) for each medical incident;
(iH) physical damage insurance on an all-risk basis (with only such exceptions as the Lessor in its reasonable discretion shall approve) covering the Tangible Personal Property for the full replacement cost thereof and with a deductible not in excess of one percent (1%) of the full replacement cost thereof;
(jI) Workers' Compensation and Employers' Liability Insurance providing protection against all claims arising out of injuries to all employees of the Lessee or of any Sublessee (employed on the Leased Property or any portion thereof) in amounts equal for Workers' Compensation, to the statutory benefits payable to employees in the State and for Employers' Liability, to limits of not less than ONE HUNDRED THOUSAND AND NO/100 DOLLARS ($100,000100,000.00) for injury by accident, ONE HUNDRED THOUSAND AND NO/100 DOLLARS ($100,000100,000.00) per employee for disease and FIVE HUNDRED THOUSAND AND NO/100 DOLLARS ($500,000500,000.00) disease policy limit;
(J) subsidence insurance (if deemed necessary by the Lessor) in limits acceptable to the Lessor; and
(kK) such other insurance as the Lessor from time to time may reasonably require and also, as may from time to time be required by applicable Legal Requirements and/or by any Fee MortgageeMortgagee (other than a Meditrust Entity); provided, however, that the cost of any additional insurance required by any Fee Mortgagee shall be borne by the Lessor.
Appears in 2 contracts
Sources: Facility Lease Agreement (Alternative Living Services Inc), Facility Lease Agreement (Alternative Living Services Inc)
Types and Amounts of Insurance. The Lessee's insurance shall include the following:
(a) property loss and physical damage insurance insurance; on an all-risk basis (with only such exceptions as the Lessor may in its reasonable discretion approve) covering the Leased Property (exclusive of Land) for its full replacement cost, which cost shall be reset once a year at the Lessor's option, with an agreed-amount endorsement and a deductible not in excess of TEN FIFTY THOUSAND and NO/100 DOLLARS ($10,000.0050,000.00). Such insurance shall include, without limitation, the following coverages: (i) increased cost of construction, (ii) cost of demolition, (iii) the value of the undamaged portion of the Facility and (iv) contingent liability from the operation of building laws, less less, exclusions provided in the normal "All Risk" insurance policy. During any period of construction, such insurance shall be on a builder's-risk, completed value, non-reporting form with permission to occupy;
(b) flood insurance (if the Leased Property or any portion thereof is situated in an area which is considered a flood risk area by the U.S. Department of Housing and Urban Development or any other Governmental Authority that may in the future have jurisdiction over flood risk analysis) in limits reasonably acceptable to the Lessor;
(c) boiler and machinery insurance (including related electrical apparatus and components) under a standard comprehensive form, providing coverage against loss or damage caused by explosion of steam boilers, pressure vessels or similar vessels, now or hereafter installed on the Leased Property, in limits reasonably acceptable to the Lessor;
(d) earthquake insurance (if deemed necessary by the Lessor) in limits and with deductibles reasonably acceptable to the Lessor;
(e) intentionally omitted;
(f) business interruption and/or rent loss insurance in an amount equal to the annual Base Rent and Additional Rent due hereunder plus the aggregate sum of the Impositions relating to the Leased Property due and payable during one year;
(gf) comprehensive general public liability insurance including coverages commonly found in the Broad Form Commercial Liability Endorsements with amounts not less than FIVE MILLION and NO/100 DOLLARS ($5,000,0005,000,000.00) per occurrence with respect to bodily injury and death and THREE MILLION and NO/100 DOLLARS ($3,000,0003,000,000.00) for property damage and with all limits based solely upon occurrences at the Leased Property without any other impairment;
(h) professional liability insurance in an amount not less than TEN MILLION DOLLARS ($10,000,000) for each medical incident;
(i) physical damage insurance on an all-risk basis (with only such exceptions as the Lessor in its reasonable discretion shall approve) covering the Tangible Personal Property for the full replacement cost thereof and with a deductible not in excess of one percent (1%) of the full replacement cost thereof;
(j) Workers' Compensation and Employers' Liability Insurance providing protection against all claims arising out of injuries to all employees of the Lessee or of any Sublessee (employed on the Leased Property or any portion thereof) in amounts equal for Workers' Compensation, to the statutory benefits payable to employees in the State and for Employers' Liability, to limits of not less than ONE HUNDRED THOUSAND DOLLARS ($100,000) for injury by accident, ONE HUNDRED THOUSAND DOLLARS ($100,000) per employee for disease and FIVE HUNDRED THOUSAND DOLLARS ($500,000) disease policy limit; and
(k) such other insurance as the Lessor from time to time may reasonably require and also, as may from time to time be required by applicable Legal Requirements and/or by any Fee Mortgagee.Leased
Appears in 1 contract
Types and Amounts of Insurance. The Lessee's insurance shall include the following:
(a) property loss and physical damage insurance on an all-risk basis (with only such exceptions as the Lessor may in its reasonable discretion approve) covering the Leased Property (exclusive of Land) for its full replacement cost, which cost shall be reset once a year at the Lessor's option, with an agreed-amount endorsement and a deductible not in excess of TEN THOUSAND DOLLARS ($10,000.00). Such insurance shall include, without limitation, the following coverages: (i) increased cost of construction, (ii) cost of demolition, (iii) the value of the undamaged portion of the Facility and (iv) contingent liability from the operation of building laws, less exclusions provided in the normal "All Risk" insurance policy. During any period of construction, such insurance shall be on a builder's-risk, completed value, non-reporting form with permission to occupyoccupy and may be maintained by the Developer as long as Lessor and Lessee are named as additional named insureds on any insurance policy maintained by the Developer and all other requirements set forth herein that are applicable to such insurance are met;
(b) flood insurance (if the Leased Property or any portion thereof is situated in an area which is considered a flood risk area by the U.S. Department of Housing and Urban Development or any other Governmental Authority that may in the future have jurisdiction over flood risk analysis) in limits reasonably acceptable to the Lessor;
(c) boiler and machinery insurance (including related electrical apparatus and components) under a standard comprehensive form, providing coverage against loss or damage caused by explosion of steam boilers, pressure vessels or similar vessels, now or hereafter installed on the Leased Property, in limits reasonably acceptable to the Lessor;
(d) earthquake insurance (if deemed necessary by the Lessor) in limits and with deductibles reasonably acceptable to the Lessor;
(e) intentionally omittedenvironmental impairment liability insurance (if available) in limits and with deductibles acceptable to Lessor;
(f) business interruption and/or rent loss insurance in an amount equal to the annual Base Rent due hereunder plus the aggregate sum of the Impositions relating to the Leased Property due and payable during one year;
(g) comprehensive general public liability insurance including coverages commonly found in the Broad Form Commercial Liability Endorsements with amounts not less than FIVE MILLION DOLLARS ($5,000,000) per occurrence with respect to bodily injury and death and THREE MILLION DOLLARS ($3,000,000) for property damage and with all limits based solely upon occurrences at the Leased Property without any other impairment;
(h) professional liability insurance in an amount not less than TEN MILLION DOLLARS ($10,000,000) for each medical incident;
(i) physical damage insurance on an all-risk basis (with only such exceptions as the Lessor in its reasonable discretion shall approve) covering the Tangible Personal Property for the full replacement cost thereof and with a deductible not in excess of one percent (1%) of the full replacement cost thereof;
(j) Workers' Compensation and Employers' Liability Insurance providing protection against all claims arising out of injuries to all employees of the Lessee or of any Sublessee (employed on the Leased Property or any portion thereof) in amounts equal for Workers' Compensation, to the statutory benefits payable to employees in the State and for Employers' Liability, to limits of not less than ONE HUNDRED THOUSAND DOLLARS ($100,000) for injury by accident, ONE HUNDRED THOUSAND DOLLARS ($100,000) per employee for disease and FIVE HUNDRED THOUSAND DOLLARS ($500,000) disease policy limit;
(k) subsidence insurance (if deemed necessary by Lessor) in limits acceptable to Lessor; and
(kl) such other insurance as the Lessor from time to time may reasonably require and also, as may from time to time be required by applicable Legal Requirements and/or by any Fee Mortgagee.
Appears in 1 contract
Types and Amounts of Insurance. The Lessee's insurance shall include the following:
(a) property loss and physical damage insurance on an all-risk basis (with only such exceptions as the Lessor may in its reasonable discretion approve) covering the Leased Property (exclusive of Land) for its full replacement cost, which cost shall be reset once a year at the Lessor's option, with an agreed-amount endorsement and a deductible not in excess of TEN TWENTY FIVE THOUSAND DOLLARS ($10,000.0025,000). Such insurance shall include, without limitation, the following coverages: (i) increased cost of construction, (ii) cost of demolition, (iii) the value of the undamaged portion of the Facility and (iv) contingent liability from the operation of building laws, less exclusions provided in the normal "All Risk" insurance policy. During any period of construction, such insurance shall be on a builder's-risk, completed value, non-reporting form (including all risk and extended coverage, collapse, cost of demolition, increased cost of construction and value of undamaged portion of the improvements protection) with permission to occupy;
(b) flood insurance (if the Leased Property or any portion thereof is situated in an area which is considered a flood risk area by the U.S. Department of Housing and Urban Development or any other Governmental Authority that may future governmental authority charged with such flood risk analysis in the future have jurisdiction over flood risk analysisfuture) in limits reasonably acceptable to Lessor and subject to the Lessoravailability of such flood insurance;
(c) boiler and machinery insurance (including related electrical apparatus and components) under a standard comprehensive form, providing coverage against loss or damage caused by explosion of steam boilers, pressure vessels or similar vessels, now or hereafter installed on the Leased Property, in limits reasonably acceptable to the Lessor;
(d) earthquake insurance (if reasonably deemed necessary by the Lessor) in limits and with deductibles reasonably acceptable to the Lessor;
(e) intentionally omittedenvironmental impairment liability insurance (if available on commercially reasonable terms and deemed reasonably necessary by Lessor) in limits and with deductibles acceptable to Lessor;
(f) business interruption and/or rent loss insurance in an amount equal to the annual Base Rent due hereunder plus the aggregate sum of the Impositions relating to the Leased Property due and payable during one year;
(g) comprehensive general public liability insurance including coverages commonly found in the Broad Form Commercial Liability Endorsements with amounts not less than FIVE MILLION DOLLARS ($5,000,000) per occurrence with respect to bodily injury and death and THREE MILLION DOLLARS ($3,000,000) for property damage and with all limits based solely upon occurrences at the Leased Property without any other impairment;
(h) professional liability insurance in an amount not less than TEN MILLION DOLLARS ($10,000,000) for each medical incident;
(i) physical damage insurance on an all-all- risk basis (with only such exceptions as the Lessor in its reasonable discretion shall approve) covering the Tangible Personal Property for the full replacement cost thereof and with a deductible not in excess of one percent (1%) of the full replacement cost thereof;
(j) Workers' Compensation and Employers' Liability Insurance providing protection against all claims arising out of injuries to all employees of the Lessee or of any Sublessee (employed on the Leased Property or any portion thereof) in amounts equal for Workers' Compensation, to the statutory benefits payable to employees in the State and for Employers' Liability, to limits of not less than ONE HUNDRED THOUSAND DOLLARS ($100,000) for injury by accident, ONE HUNDRED THOUSAND DOLLARS ($100,000) per employee for disease and FIVE HUNDRED THOUSAND DOLLARS ($500,000) disease policy limit;
(k) subsidence insurance (if deemed necessary by Lessor) in limits acceptable to Lessor; and
(kl) such other insurance as the Lessor from time to time may reasonably require and also, as may from time to time be required by applicable Legal Requirements and/or by any Fee Mortgagee.
Appears in 1 contract
Sources: Lease Agreement (Emeritus Corp\wa\)
Types and Amounts of Insurance. The Lessee's insurance shall include the following:
(a) property loss and physical damage insurance on an all-risk basis (with only such exceptions as the Lessor may in its reasonable discretion approve) covering the Leased Property (exclusive of Land) for its full replacement cost, which cost shall be reset once a year at the Lessor's option, with an agreed-amount endorsement and a deductible not in excess of TEN THOUSAND DOLLARS ($10,000.00). Such insurance shall include, without limitation, the following coverages: (i) increased cost of construction, (ii) cost of demolition, (iii) the value of the undamaged portion of the Facility and (iv) contingent liability from the operation of building laws, less exclusions provided in the normal "All Risk" insurance policy. During any period of construction, such insurance shall be on a builder's-risk, completed value, non-reporting form with permission to occupy;
(b) flood insurance (if the Leased Property or any portion thereof is situated in an area which is considered a flood risk area by the U.S. Department of Housing and Urban Development or any other Governmental Authority that may in the future have jurisdiction over flood risk analysis) in limits reasonably acceptable to the Lessor;
(c) boiler and machinery insurance (including related electrical apparatus and components) under a standard comprehensive form, providing coverage against loss or damage caused by explosion of steam boilers, pressure vessels or similar vessels, now or hereafter installed on the Leased Property, in limits reasonably acceptable to the Lessor;
(d) earthquake insurance (if deemed necessary by the Lessor) in limits and with deductibles reasonably acceptable to the Lessor;
(e) intentionally omitted;
(f) business interruption and/or rent loss insurance in an amount equal to the annual Base Rent due hereunder plus the aggregate sum of the Impositions relating to the Leased Property due and payable during one year;
(ge) comprehensive general public liability insurance including coverages commonly found in the Broad Form Commercial Liability Endorsements with amounts not less than FIVE MILLION DOLLARS ($5,000,000) per occurrence with respect to bodily injury and death and THREE MILLION DOLLARS ($3,000,000) for property damage and with all limits based solely upon occurrences at the Leased Property without any other impairment;
(h) professional liability insurance in an amount not less than TEN MILLION DOLLARS ($10,000,00010,000,00) for each medical incidentof umbrella coverage;
(if) physical damage insurance on an all-risk basis (with only such exceptions as the Lessor in its reasonable discretion shall approve) covering the Tangible Personal Property for the full replacement cost thereof and with a deductible not in excess of one percent (1%) of the full replacement cost thereof;
(jg) Workers' Compensation and Employers' Liability Insurance providing protection against all claims arising out of injuries to all employees of the Lessee or of any Sublessee (employed on the Leased Property or any portion thereof) in amounts equal for Workers' Compensation, to the statutory benefits payable to employees in the State and for Employers' Liability, to limits of not less than ONE HUNDRED THOUSAND DOLLARS ($100,000) for injury by accident, ONE HUNDRED THOUSAND DOLLARS ($100,000) per employee for disease and FIVE HUNDRED THOUSAND DOLLARS ($500,000) disease policy limit; and;
(kh) such other insurance as the Lessor from time to time may reasonably require and also, as may from time to time be required by applicable Legal Requirements and/or by any Fee Mortgagee.
Appears in 1 contract
Types and Amounts of Insurance. The Lessee's insurance shall include the following:
(a) property loss and physical damage insurance on an all-all- risk basis (with only such exceptions as the Lessor may in its reasonable discretion approve) covering the Leased Property (exclusive of Land) for its full replacement cost, which cost shall be reset once a year at the Lessor's option, with an agreed-amount endorsement and a deductible not in excess of TEN TWENTY FIVE THOUSAND DOLLARS ($10,000.0025,000). Such insurance shall include, without limitation, the following coverages: (i) increased cost of construction, (ii) cost of demolition, (iii) the value of the undamaged portion of the Facility and (iv) contingent liability from the operation of building laws, less exclusions provided in the normal "All Risk" insurance policy. During any period of construction, such insurance shall be on a builder's-builder's- risk, completed value, non-non- reporting form (including all risk and extended coverage, collapse, cost of demolition, increased cost of construction and value of undamaged portion of the improvements protection) with permission to occupy;
(b) flood insurance (if the Leased Property or any portion thereof is situated in an area which is considered a flood risk area by the U.S. Department of Housing and Urban Development or any other Governmental Authority that may future governmental authority charged with such flood risk analysis in the future have jurisdiction over flood risk analysisfuture) in limits reasonably acceptable to Lessor and subject to the Lessoravailability of such flood insurance;
(c) boiler and machinery insurance (including related electrical apparatus and components) under a standard comprehensive form, providing coverage against loss or damage caused by explosion of steam boilers, pressure vessels or similar vessels, now or hereafter installed on the Leased Property, in limits reasonably acceptable to the Lessor;
; (d) earthquake insurance (if reasonably deemed necessary by the Lessor) in limits and with deductibles reasonably acceptable to the Lessor;
(e) intentionally omitted;
(f) business interruption and/or rent loss insurance in an amount equal to the annual Base Rent due hereunder plus the aggregate sum of the Impositions relating to the Leased Property due and payable during one year;
(g) comprehensive general public liability insurance including coverages commonly found in the Broad Form Commercial Liability Endorsements with amounts not less than FIVE MILLION DOLLARS ($5,000,000) per occurrence with respect to bodily injury and death and THREE MILLION DOLLARS ($3,000,000) for property damage and with all limits based solely upon occurrences at the Leased Property without any other impairment;
(h) professional liability insurance in an amount not less than TEN MILLION DOLLARS ($10,000,000) for each medical incident;
(i) physical damage insurance on an all-risk basis (with only such exceptions as the Lessor in its reasonable discretion shall approve) covering the Tangible Personal Property for the full replacement cost thereof and with a deductible not in excess of one percent (1%) of the full replacement cost thereof;
(j) Workers' Compensation and Employers' Liability Insurance providing protection against all claims arising out of injuries to all employees of the Lessee or of any Sublessee (employed on the Leased Property or any portion thereof) in amounts equal for Workers' Compensation, to the statutory benefits payable to employees in the State and for Employers' Liability, to limits of not less than ONE HUNDRED THOUSAND DOLLARS ($100,000) for injury by accident, ONE HUNDRED THOUSAND DOLLARS ($100,000) per employee for disease and FIVE HUNDRED THOUSAND DOLLARS ($500,000) disease policy limit; and
(k) such other insurance as the Lessor from time to time may reasonably require and also, as may from time to time be required by applicable Legal Requirements and/or by any Fee Mortgagee.
Appears in 1 contract
Types and Amounts of Insurance. The LesseeBorrower's insurance shall include the following:
(a) A. property loss and physical damage insurance on an all-risk basis (with only such exceptions as the Lessor Lender may in its reasonable discretion approve) covering the Leased Mortgaged Property (exclusive of the Land) for its full replacement cost, which cost shall be reset once a year at the LessorLender's option, with an agreed-amount endorsement and a deductible not in excess of TEN THOUSAND DOLLARS ($10,000.00). Such insurance shall include, without limitation, the following coverages: (iI) increased cost of construction, (iiII) cost of demolition, (iiiIII) the value of the undamaged portion of the Facility and (ivIV) contingent liability from the operation of building laws, less exclusions provided in the normal "All Risk" insurance policy. During any period of construction, such insurance shall be on a builder's-risk, completed value, non-reporting form with permission to occupy;
(b) flood insurance B. ▇▇▇▇▇ ▇▇▇urance (if the Leased Mortgaged Property or any portion thereof is situated in an area which is considered a flood risk area by the U.S. Department of Housing and Urban Development or any other Governmental Authority that may in the future have jurisdiction over flood risk analysis) in limits reasonably acceptable to the LessorLender;
(c) C. boiler and machinery insurance (including related electrical apparatus and components) under a standard comprehensive form, providing coverage against loss or damage caused by explosion of steam boilers, pressure vessels or similar vessels, now or hereafter installed on the Leased Mortgaged Property, in limits reasonably acceptable to the LessorLender;
(d) D. earthquake insurance (if deemed necessary by the LessorLender) in limits and with deductibles reasonably acceptable to the LessorLender;
E. environmental impairment liability insurance (eif available) intentionally omittedin limits and with deductibles reasonably acceptable to the Lender;
(f) F. business interruption and/or rent loss insurance in an amount equal to the annual Base Rent due hereunder aggregate amount of the principal and interest payments to be made in one year under the Note plus the aggregate sum of the Impositions relating to the Leased Mortgaged Property due and payable during one (1) year;
(g) comprehensive G. commercial general public liability insurance including coverages commonly found in the Broad Form Commercial Liability Endorsements with amounts not less than FIVE MILLION DOLLARS ($5,000,000) per occurrence with respect to bodily injury and death and THREE MILLION DOLLARS ($3,000,000) for property damage and with all limits based solely upon occurrences at the Leased Property without any other impairmentdamage;
(h) H. professional liability insurance in an amount not less than TEN MILLION DOLLARS ($10,000,000) for each medical incident;
(i) I. physical damage insurance on an all-risk basis (with only such exceptions as the Lessor Lender in its reasonable discretion shall approve) covering the Tangible Borrower's tangible Personal Property for the full replacement cost thereof and with a deductible not in excess of one percent (1%) of the full replacement cost thereof;
(j) Workers' Compensation and Employers' Liability Insurance providing protection against all claims arising out of injuries to all employees of the Lessee or of any Sublessee (employed on the Leased Property or any portion thereof) in amounts equal for Workers' Compensation, to the statutory benefits payable to employees in the State and for Employers' Liability, to limits of not less than ONE HUNDRED THOUSAND DOLLARS ($100,000) for injury by accident, ONE HUNDRED THOUSAND DOLLARS ($100,000) per employee for disease and FIVE HUNDRED THOUSAND DOLLARS ($500,000) disease policy limit; and
(k) such other insurance as the Lessor from time to time may reasonably require and also, as may from time to time be required by applicable Legal Requirements and/or by any Fee Mortgagee.
Appears in 1 contract
Sources: Loan Agreement (Balanced Care Corp)
Types and Amounts of Insurance. The Lessee's insurance shall include the following:
(a) property loss and physical damage insurance on an all-all- risk basis (with only such exceptions as the Lessor may in its reasonable discretion approve) covering the Leased Property (exclusive of Land) for its full replacement cost, which cost shall be reset once a year at the Lessor's option, with an agreed-amount endorsement and a deductible not in excess of TEN TWENTY FIVE THOUSAND DOLLARS ($10,000.0025,000). Such insurance shall include, without limitation, the following coverages: (i) increased cost of construction, (ii) cost of demolition, (iii) the value of the undamaged portion of the Facility and (iv) contingent liability from the operation of building laws, less exclusions provided in the normal "All Risk" insurance policy. During any period of construction, such insurance shall be on a builder's-builder's- risk, completed value, non-non- reporting form (including all risk and extended coverage, collapse, cost of demolition, increased cost of construction and value of undamaged portion of the improvements protection) with permission to occupy;
(b) flood insurance (if the Leased Property or any portion thereof is situated in an area which is considered a flood risk area by the U.S. Department of Housing and Urban Development or any other Governmental Authority that may future governmental authority charged with such flood risk analysis in the future have jurisdiction over flood risk analysisfuture) in limits reasonably acceptable to Lessor and subject to the Lessoravailability of such flood insurance;
(c) boiler and machinery insurance (including related electrical apparatus and components) under a standard comprehensive form, providing coverage against loss or damage caused by explosion of steam boilers, pressure vessels or similar vessels, now or hereafter installed on the Leased Property, in limits reasonably acceptable to the Lessor;
(d) earthquake insurance (if reasonably deemed necessary by the Lessor) in limits and with deductibles reasonably acceptable to the Lessor;
(e) intentionally omittedenvironmental impairment liability insurance (if available on commercially reasonable terms and deemed reasonably necessary by Lessor) in limits and with deductibles acceptable to Lessor;
(f) business interruption and/or rent loss insurance in an amount equal to the annual Base Rent due hereunder plus the aggregate sum of the Impositions relating to the Leased Property due and payable during one year;
(g) comprehensive general public liability insurance including coverages commonly found in the Broad Form Commercial Liability Endorsements with amounts not less than FIVE MILLION DOLLARS ($5,000,000) per 61 occurrence with respect to bodily injury and death and THREE MILLION DOLLARS ($3,000,000) for property damage and with all limits based solely upon occurrences at the Leased Property without any other impairment;
(h) professional liability insurance in an amount not less than TEN MILLION DOLLARS ($10,000,000) for each medical incident;
(i) physical damage insurance on an all-risk basis (with only such exceptions as the Lessor in its reasonable discretion shall approve) covering the Tangible Personal Property for the full replacement cost thereof and with a deductible not in excess of one percent (1%) of the full replacement cost thereof;
(j) Workers' Compensation and Employers' Liability Insurance providing protection against all claims arising out of injuries to all employees of the Lessee or of any Sublessee (employed on the Leased Property or any portion thereof) in amounts equal for Workers' Compensation, to the statutory benefits payable to employees in the State and for Employers' Liability, to limits of not less than ONE HUNDRED THOUSAND DOLLARS ($100,000) for injury by accident, ONE HUNDRED THOUSAND DOLLARS ($100,000) per employee for disease and FIVE HUNDRED THOUSAND DOLLARS ($500,000) disease policy limit;
(k) subsidence insurance (if deemed necessary by Lessor) in limits acceptable to Lessor; and
(kl) such other insurance as the Lessor from time to time may reasonably require and also, as may from time to time be required by applicable Legal Requirements and/or by any Fee Mortgagee.
Appears in 1 contract
Types and Amounts of Insurance. The Lessee's insurance shall include the following:
(a) property loss and physical damage insurance on an all-risk basis (with only such exceptions as the Lessor may in its reasonable discretion approve) covering the Leased Property (exclusive of Land) for its full replacement cost, which cost shall be reset once a year at the Lessor's option, with an agreed-amount endorsement and a deductible not in excess of TEN THOUSAND DOLLARS ($10,000.00). Such insurance shall include200,000 including, without limitation, the following coverages: (i) coverage for increased cost of construction, (ii) cost of demolition, (iii) the value of the undamaged portion of the Facility and (iv) Facility, contingent liability from the operation of building laws, less exclusions provided in the normal "All Risk" insurance policylaws and soft costs. During any period of construction, such insurance shall shall, if necessary, be on a builder's-risk, completed value, non-reporting form with permission to occupy;
(b) flood insurance (if the Leased Property or any portion thereof is situated in an area which is considered a flood risk area by the U.S. Department of Housing and Urban Development or any other Governmental Authority that may in the future have jurisdiction over flood risk analysis) Development: in limits reasonably acceptable to the Lessor;
(c) boiler and machinery insurance (including related electrical apparatus and components) under a standard comprehensive form, providing coverage against loss or damage caused by explosion of steam boilers, pressure vessels or similar vessels, now or hereafter installed on the Leased Property, ) in limits reasonably acceptable to the Lessor;
(d) earthquake insurance (if deemed necessary by the Lessor in limits and with deductibles reasonably acceptable to Lessor;
(e) environmental impairment liability insurance (if available) in limits and with deductibles reasonably acceptable to the Lessor;
(e) intentionally omitted;
(f) business interruption and/or rent loss insurance in an amount equal to the annual Base twelve (12) months of Rent due hereunder plus the aggregate sum of the Impositions relating to the Leased Property due and payable during one yearunder this Lease;
(g) comprehensive general public liability insurance including coverages commonly found in the Broad Form Commercial Liability Endorsements with amounts not less than TWENTY-FIVE MILLION DOLLARS ($5,000,00025,000,000) per occurrence with respect to bodily injury and death and TWENTY-FIVE MILLION DOLLARS ($25,000,000) for property damage with a deductible or self-insurance retention of not more than THREE MILLION DOLLARS ($3,000,000) (except as the self-insurance retention may be increased as provided in Section 13.1.10 below), or such 52 63 higher limits as Lessor may from time to time reasonably require during the Term of this Lease so as to render such coverage comparable to those in place for property damage and with all limits based solely upon occurrences at the Leased Property without any other impairmentoperators of similar facilities;
(h) professional liability malpractice insurance in an amount not less than TEN TWENTY-FIVE MILLION DOLLARS ($10,000,00025,000,000) for each medical incidentincident with a deductible or self-insurance retention of not more than THREE MILLION DOLLARS ($3,000,000) (except as the self-insurance retention may be increased as provided in Section 13.1.10 below), or such higher limits as Lessor may from time to time reasonably require during the Term of this Lease so as to render such coverage comparable to those in place for other operators of similar facilities;
(i) physical damage insurance on an all-risk basis (with only such exceptions as the Lessor in its reasonable discretion shall approve) covering the Lessee's Tangible Personal Property for the full replacement cost thereof and with a deductible not in excess of one percent (1%) % of the full replacement cost thereof;
(j) Workers' Compensation and Employers' Liability Insurance providing protection against all claims arising out of injuries to all employees of the Lessee or of any Sublessee a sub-lessee (employed on the Leased Property or any portion thereof) in amounts equal for Workers' Compensation, to the statutory benefits payable to employees in the State and for Employers' Liability, to limits of not less than ONE HUNDRED THOUSAND DOLLARS ($100,000) for injury by accident, ONE HUNDRED THOUSAND DOLLARS ($100,000) per employee for disease and FIVE HUNDRED THOUSAND DOLLARS ($500,000) disease policy limit; and
(k) such other insurance as the Lessor from time to time may reasonably require and also, as may from time to time be required by applicable Legal Requirements and/or by any Fee MortgageeRequirements.
Appears in 1 contract
Types and Amounts of Insurance. The Lessee's insurance shall include the following:
: (a) property loss and physical damage insurance on an all-risk basis (with only such exceptions as the Lessor may in its reasonable discretion approve) covering the Leased Property (exclusive of Land) for its full replacement cost, which cost shall be reset once a year at the Lessor's option, with an agreed-amount endorsement and a deductible not in excess of TEN TWENTY FIVE THOUSAND DOLLARS ($10,000.0025,000). Such insurance shall include, without limitation, the following coverages: (i) increased cost of construction, (ii) cost of demolition, (iii) the value of the undamaged portion of the Facility and (iv) contingent liability from the operation of building laws, less exclusions provided in the normal "All Risk" insurance policy. During any period of construction, such insurance shall be on a builder's-risk, completed value, non-reporting form (including all risk and extended coverage, collapse, cost of demolition, increased cost of construction and value of undamaged portion of the improvements protection) with permission to occupy;
; (b) flood insurance (if the Leased Property or any portion thereof is situated in an area which is considered a flood risk area by the U.S. Department of Housing and 76 Urban Development or any other Governmental Authority that may future governmental authority charged with such flood risk analysis in the future have jurisdiction over flood risk analysisfuture) in limits reasonably acceptable to Lessor and subject to the Lessor;
availability of such flood insurance; (c) boiler and machinery insurance (including related electrical apparatus and components) under a standard comprehensive form, providing coverage against loss or damage caused by explosion of steam boilers, pressure vessels or similar vessels, now or hereafter installed on the Leased Property, in limits reasonably acceptable to the Lessor;
Lessor ; (d) earthquake insurance (if reasonably deemed necessary by the Lessor) in limits and with deductibles reasonably acceptable to the Lessor;
; (e) intentionally omitted;
environmental impairment liability insurance (fif available on commercially reasonable terms and deemed reasonably necessary by Lessor) in limits and with deductibles acceptable to Lessor; (f)From and after the Conversion Date: business interruption and/or rent loss insurance in an amount equal to the annual Base Rent due hereunder plus the aggregate sum of the Impositions relating to the Leased Property due and payable during one year;
; (g) comprehensive general public liability insurance including coverages commonly found in the Broad Form Commercial Liability Endorsements with amounts not less than FIVE MILLION DOLLARS ($5,000,000) per occurrence with respect to bodily injury and death and THREE MILLION DOLLARS ($3,000,000) for property damage and with all limits based solely upon occurrences at the Leased Property without any other impairment;
; (h) From and after the Conversion Date: professional liability insurance in an amount not less than TEN MILLION DOLLARS ($10,000,000) for each medical incident;
; (i) physical damage insurance on an all-risk basis (with only such exceptions as the Lessor in its reasonable discretion shall approve) covering the Tangible Personal Property for the full replacement cost thereof and with a deductible not in excess of one percent (( 1%) of the full replacement cost thereof;
(j) Workers' Compensation and Employers' Liability Insurance providing protection against all claims arising out of injuries to all employees of the Lessee or of any Sublessee (employed on the Leased Property or any portion thereof) in amounts equal for Workers' Compensation, to the statutory benefits payable to employees in the State and for Employers' Liability, to limits of not less than ONE HUNDRED THOUSAND DOLLARS ($100,000) for injury by accident, ONE HUNDRED THOUSAND DOLLARS ($100,000) per employee for disease and FIVE HUNDRED THOUSAND DOLLARS ($500,000) disease policy limit; and
(k) such other insurance as the Lessor from time to time may reasonably require and also, as may from time to time be required by applicable Legal Requirements and/or by any Fee Mortgagee.77
Appears in 1 contract
Types and Amounts of Insurance. The Lessee's insurance shall include the following:
(a) property loss and physical damage insurance on an all-risk basis (with only such exceptions as the Lessor may in its reasonable discretion approve) covering the Leased Property (exclusive of Land) for its full replacement cost, which cost shall be reset once a year at the Lessor's option, with an agreed-amount endorsement and a deductible not in excess of TEN THOUSAND DOLLARS ($10,000.00). Such insurance shall include, without limitation, the following coverages: (i) increased cost of construction, (ii) cost of demolition, (iii) the value of the undamaged portion of the Facility and (iv) contingent liability from the operation of building laws, less exclusions provided in the normal "All Risk" insurance policy. During any period of construction, such insurance shall be on a builder's-risk, completed value, non-reporting form with permission to occupy;
(b) flood insurance (if the Leased Property or any portion thereof is situated in an area which is considered a flood risk area by the U.S. Department of Housing and Urban Development or any other Governmental Authority that may in the future have jurisdiction over flood risk analysis) in limits reasonably acceptable to the Lessor;
(c) boiler and machinery insurance (including related electrical apparatus and components) under a standard comprehensive form, providing coverage against loss or damage caused by explosion of steam boilers, pressure vessels or similar vessels, now or hereafter installed on or exclusively serving the Leased Property, in limits reasonably acceptable to the Lessor;
(d) earthquake insurance (if deemed necessary by the Lessor) in limits and with deductibles reasonably acceptable to the Lessor;
(e) intentionally omitted;
(f) business interruption and/or rent loss insurance in an amount equal to the annual Base Rent due hereunder plus the aggregate sum of the Impositions relating to the Leased Property due and payable during one year;
(g) comprehensive general public liability insurance including coverages commonly found in the Broad Form Commercial Liability Endorsements with amounts not less than FIVE MILLION DOLLARS ($5,000,000) per occurrence with respect to bodily injury and death and THREE MILLION DOLLARS ($3,000,000) for property damage and with all limits based solely upon occurrences at the Leased Property without any other impairment;
(h) professional liability insurance in an amount not less than TEN MILLION DOLLARS ($10,000,000) for each medical incident;]
(i) physical damage insurance on an all-risk basis (with only such exceptions as the Lessor in its reasonable discretion shall approve) covering the Tangible Personal Property for the full replacement cost thereof and with a deductible not in excess of one percent (1%) of the full replacement cost thereof;
(j) Workers' Compensation and Employers' Liability Insurance providing protection against all claims arising out of injuries to all employees of the Lessee or of any Sublessee (employed on the Leased Property or any portion thereof) in amounts equal for Workers' Compensation, to the statutory benefits payable to employees in the State and for Employers' Liability, to limits of not less than ONE HUNDRED THOUSAND DOLLARS ($100,000) for injury by accident, ONE HUNDRED THOUSAND DOLLARS ($100,000) per employee for disease and FIVE HUNDRED THOUSAND DOLLARS ($500,000) disease policy limit; and
(k) such other insurance as the Lessor from time to time may reasonably require and also, as may from time to time be required by applicable Legal Requirements and/or by any Fee Mortgagee.
Appears in 1 contract
Types and Amounts of Insurance. The Lessee's insurance shall include the following:
(a) property loss and physical damage insurance on an all-risk basis (with only such exceptions as the Lessor may in its reasonable discretion approve) covering the Leased Property (exclusive of Land) for its full replacement cost, which cost shall be reset once a year at the Lessor's option, with an agreed-amount endorsement and a deductible not in excess of TEN THOUSAND DOLLARS ($10,000.00). Such insurance shall include, without limitation, the following coverages: (i) increased cost of construction, (ii) cost of demolition, (iii) the value of the undamaged portion of the Facility and (iv) contingent liability from the operation of building laws, less exclusions provided in the normal "All Risk" insurance policy. During any period of construction, such insurance shall be on a builder's-risk, completed value, non-reporting form with permission to occupy;
(b) flood insurance (if the Leased Property or any portion thereof is situated in an area which is considered a flood risk area by the U.S. Department of Housing and Urban Development or any other Governmental Authority that may in the future have jurisdiction over flood risk analysis) in limits reasonably acceptable to the Lessor;
(c) boiler and machinery insurance (including related electrical apparatus and components) under a standard comprehensive form, providing coverage against loss or damage caused by explosion of steam boilers, pressure vessels or similar vessels, now or hereafter installed on or exclusively serving the Leased Property, in limits reasonably acceptable to the Lessor;
(d) earthquake insurance (if deemed necessary by the Lessor) in limits and with deductibles reasonably acceptable to the Lessor;
(e) intentionally omitted;
(f) business interruption and/or rent loss insurance in an amount equal to the annual Base Rent due hereunder plus the aggregate sum of the Impositions relating to the Leased Property due and payable during one year;
(g) comprehensive general public liability insurance including coverages commonly found in the Broad Form Commercial Liability Endorsements with amounts not less than FIVE MILLION DOLLARS ($5,000,000) per occurrence with respect to bodily injury and death and THREE MILLION DOLLARS ($3,000,000) for property damage and with all limits based solely upon occurrences at the Leased Property without any other impairment;
(h) professional liability insurance in an amount not less than TEN MILLION DOLLARS ($10,000,000) for each medical incident;
(i) physical damage insurance on an all-risk basis (with only such exceptions as the Lessor in its reasonable discretion shall approve) covering the Tangible Personal Property for the full replacement cost thereof and with a deductible not in excess of one percent (1%) of the full replacement cost thereof;
(j) Workers' Compensation and Employers' Liability Insurance providing protection against all claims arising out of injuries to all employees of the Lessee or of any Sublessee (employed on the Leased Property or any portion thereof) in amounts equal for Workers' Compensation, to the statutory benefits payable to employees in the State and for Employers' Liability, to limits of not less than ONE HUNDRED THOUSAND DOLLARS ($100,000) for injury by accident, ONE HUNDRED THOUSAND DOLLARS ($100,000) per employee for disease and FIVE HUNDRED THOUSAND DOLLARS ($500,000) disease policy limit; and
(k) such other insurance as the Lessor from time to time may reasonably require and also, as may from time to time be required by applicable Legal Requirements and/or by any Fee Mortgagee.
Appears in 1 contract
Types and Amounts of Insurance. The Lessee's insurance shall include the following:
(aA) property loss and physical damage insurance on an all-risk basis (with only such exceptions as the Lessor may in its reasonable discretion approve) covering the Leased Property (exclusive of Land) for its full replacement cost, which cost shall be reset once a year at the Lessor's option, with an agreed-amount endorsement and a deductible not in excess of TEN FIFTY THOUSAND AND NO/100 DOLLARS ($10,000.0050,000.00). Such insurance shall include, without limitation, the following coverages: (iI) increased cost of construction, (iiII) cost of demolition, (iiiIII) the value of the undamaged portion of the Facility and (ivIV) contingent liability from the operation of building laws, less exclusions provided in the normal "All Risk" insurance policy. During any period of construction, such insurance shall be on a builder's-risk, completed value, non-reporting form with permission to occupy;
(bB) flood insurance (if the Leased Property or any portion thereof is situated in an area which is considered a flood risk area by the U.S. Department of Housing and Urban Development or any other Governmental Authority that may in the future have jurisdiction over flood risk analysis) in limits reasonably acceptable to the Lessor;
(cC) boiler and machinery insurance (including related electrical apparatus and components) under a standard comprehensive form, providing coverage against loss or damage caused by explosion of steam boilers, pressure vessels or similar vessels, now or hereafter installed on the Leased Property, in limits reasonably acceptable to the Lessor;
(dD) earthquake insurance (if deemed necessary by the Lessor) in limits and with deductibles reasonably acceptable to the Lessor;
(e) intentionally omitted;
(fE) business interruption and/or rent loss insurance in an amount equal to the annual Base Rent and Additional Rent due hereunder plus the aggregate sum of the Impositions relating to the Leased Property due and payable during one year;
(gF) comprehensive general public liability insurance including coverages commonly found in the Broad Form Commercial Liability Endorsements with amounts not less than FIVE MILLION AND NO/100 DOLLARS ($5,000,0005,000,000.00) per occurrence with respect to bodily injury and death and THREE MILLION AND NO/100 DOLLARS ($3,000,0003,000,000.00) for property damage and with all limits based solely upon occurrences at the Leased Property without any other impairment;
(hG) professional liability insurance in an amount not less than TEN MILLION AND NO/100 DOLLARS ($10,000,00010,000,000.00) for each medical incident;
(iH) physical damage insurance on an all-risk basis (with only such exceptions as the Lessor in its reasonable discretion shall approve) covering the Tangible Personal Property for the full replacement cost thereof and with a deductible not in excess of one percent (1%) of the full replacement cost thereof;
(jI) Workers' Compensation and Employers' Liability Insurance providing protection against all claims arising out of injuries to all employees of the Lessee or of any Sublessee (employed on the Leased Property or any portion thereof) in amounts equal for Workers' Compensation, to the statutory benefits payable to employees in the State and for Employers' Liability, to limits of not less than ONE HUNDRED THOUSAND AND NO/100 DOLLARS ($100,000100,000.00) for injury by accident, ONE HUNDRED THOUSAND AND NO/100 DOLLARS ($100,000100,000.00) per employee for disease and FIVE HUNDRED THOUSAND AND NO/100 DOLLARS ($500,000500,000.00) disease policy limit;
(J) subsidence insurance (if deemed necessary by the Lessor) in limits acceptable to the Lessor; and
(kK) such other insurance as the Lessor from time to time may reasonably require and also, as may from time to time be required by applicable Legal Requirements and/or by any Fee MortgageeMortgagee (other than a Meditrust Entity); provided, however, that the cost of any additional insurance required by any Fee Mortgagee shall be borne by the Lessor.
Appears in 1 contract
Sources: Facility Lease Agreement (Alternative Living Services Inc)
Types and Amounts of Insurance. The Lessee's insurance shall include the following:
(a) property loss and physical damage insurance on an all-risk basis (with only such exceptions as the Lessor may in its reasonable discretion approve) covering the Leased Property (exclusive of Land) for its full replacement cost, which cost shall be reset once a year at the Lessor's option, with an agreed-amount endorsement and a deductible not in excess of TEN THOUSAND DOLLARS ($10,000.00). Such insurance shall include, without limitation, the following coverages: (i) increased cost of construction, (ii) cost of demolition, (iii) the value of the undamaged portion of the Facility and (iv) contingent liability from the operation of building laws, less exclusions provided in the normal "All Risk" insurance policy. During any period of construction, such insurance shall be on a builder's-risk, completed value, non-reporting form with permission to occupy;
(b) flood insurance (if the Leased Property or any portion thereof is situated in an area which is considered a flood risk area by the U.S. Department of Housing and Urban Development or any other Governmental Authority that may in the future have jurisdiction over flood risk analysis) in limits reasonably acceptable to the Lessor;
(c) boiler and machinery insurance (including related electrical apparatus and components) under a standard comprehensive form, providing coverage against loss or damage caused by explosion of steam boilers, pressure vessels or similar vessels, now or hereafter installed on the Leased Property, in limits reasonably acceptable to the Lessor;
(d) earthquake insurance (if deemed necessary by the Lessor) in limits and with deductibles reasonably acceptable to the Lessor;
(e) intentionally omitted;
(f) business interruption and/or rent loss insurance in an amount equal to the annual Base Rent due hereunder plus the aggregate sum of the Impositions relating to the Leased Property due and payable during one year;
(ge) comprehensive general public liability insurance including coverages commonly found in the Broad Form Commercial Liability Endorsements with amounts not less than FIVE TWENTY-FOUR MILLION DOLLARS ($5,000,00024,000,000) per occurrence with respect to bodily injury and death and THREE MILLION DOLLARS ($3,000,000) for property damage and with all limits based solely upon occurrences at the Leased Property without any other impairmentof umbrella coverage;
(h) professional liability insurance in an amount not less than TEN MILLION DOLLARS ($10,000,000) for each medical incident;
(if) physical damage insurance on an all-risk basis (with only such exceptions as the Lessor in its reasonable discretion shall approve) covering the Tangible Personal Property for the full replacement cost thereof and with a deductible not in excess of one percent (1%) of the full replacement cost thereof;
(jg) Workers' Compensation and Employers' Liability Insurance providing protection against all claims arising out of injuries to all employees of the Lessee or of any Sublessee (employed on the Leased Property or any portion thereof) in amounts equal for Workers' Compensation, to the statutory benefits payable to employees in the State and for Employers' Liability, to limits of not less than ONE HUNDRED THOUSAND DOLLARS ($100,000) for injury by accident, ONE HUNDRED THOUSAND DOLLARS ($100,000) per employee for disease and FIVE HUNDRED THOUSAND DOLLARS ($500,000) disease policy limit; and
(kh) such other insurance as the Lessor from time to time may reasonably require and also, as may from time to time be required by applicable Legal Requirements and/or by any Fee Mortgagee.
Appears in 1 contract
Types and Amounts of Insurance. The Lessee's insurance shall include the following:
(a) property loss and physical damage insurance on an all-risk basis (with only such exceptions as the Lessor may in its reasonable discretion approve) covering the Leased Property (exclusive of Land) for its full replacement cost, which cost shall be reset once a year at the Lessor's option, with an agreed-agreed- amount endorsement and a deductible not in excess of TEN TWENTY FIVE THOUSAND DOLLARS ($10,000.0025,000). Such insurance shall include, without limitation, the following coverages: (i) increased cost of construction, (ii) cost of demolition, (iii) the value of the undamaged portion of the Facility and (iv) contingent liability from the operation of building laws, less exclusions provided in the normal "All Risk" insurance policy. During any period of construction, such insurance shall be on a builder's-risk, completed value, non-reporting form (including all risk and extended coverage, collapse, cost of demolition, increased cost of construction and value of undamaged portion of the improvements protection) with permission to occupy;
(b) flood insurance (if the Leased Property or any portion thereof is situated in an area which is considered a flood risk area by the U.S. Department of Housing and Urban Development or any other Governmental Authority that may future governmental authority charged with such flood risk analysis in the future have jurisdiction over flood risk analysisfuture) in limits reasonably acceptable to Lessor and subject to the Lessoravailability of such flood insurance;
(c) boiler and machinery insurance (including related electrical apparatus and components) under a standard comprehensive form, providing coverage against loss or damage caused by explosion of steam boilers, pressure vessels or similar vessels, now or hereafter installed on the Leased Property, in limits reasonably acceptable to the Lessor;
(d) earthquake insurance (if reasonably deemed necessary by the Lessor) in limits and with deductibles reasonably acceptable to the Lessor;
(e) intentionally omittedenvironmental impairment liability insurance (if available on commercially reasonable terms and deemed reasonably necessary by Lessor) in limits and with deductibles acceptable to Lessor;
(f) business interruption and/or rent loss insurance in an amount equal to the annual Base Rent due hereunder plus the aggregate sum of the Impositions relating to the Leased Property due and payable during one year;
(g) comprehensive general public liability insurance including coverages commonly found in the Broad Form Commercial Liability Endorsements with amounts not less than FIVE MILLION DOLLARS ($5,000,000) per occurrence with respect to bodily injury and death and THREE MILLION DOLLARS ($3,000,000) for property damage and with all limits based solely upon occurrences at the Leased Property without any other impairment;
(h) professional liability insurance in an amount not less than TEN MILLION DOLLARS ($10,000,000) for each medical incident;
(i) physical damage insurance on an all-risk basis (with only such exceptions as the Lessor in its reasonable discretion shall approve) covering the Tangible Personal Property for the full replacement cost thereof and with a deductible not in excess of one percent (1%) of the full replacement cost thereof;
(j) Workers' Compensation and Employers' Liability Insurance providing protection against all claims arising out of injuries to all employees of the Lessee or of any Sublessee (employed on the Leased Property or any portion thereof) in amounts equal for Workers' Compensation, to the statutory benefits payable to employees in the State and for Employers' Liability, to limits of not less than ONE HUNDRED THOUSAND DOLLARS ($100,000) for injury by accident, ONE HUNDRED THOUSAND DOLLARS ($100,000) per employee for disease and FIVE HUNDRED THOUSAND DOLLARS ($500,000) disease policy limit;
(k) subsidence insurance (if deemed necessary by Lessor) in limits acceptable to Lessor; and
(kl) such other insurance as the Lessor from time to time may reasonably require and also, as may from time to time be required by applicable Legal Requirements and/or by any Fee Mortgagee.
Appears in 1 contract
Types and Amounts of Insurance. The Lessee's insurance shall include the following:
(a) property loss and physical damage insurance on an all-risk basis (with only such exceptions as the Lessor may in its reasonable discretion approve) covering the Leased Property (exclusive of Land) for its full replacement cost, which cost shall be reset once a year at the Lessor's option, with an agreed-amount endorsement and a deductible not in excess of TEN THOUSAND DOLLARS ($10,000.00). Such insurance shall include, without limitation, the following coverages: (i) increased cost of construction, (ii) cost of demolition, (iii) the value of the undamaged portion of the Facility and (iv) contingent liability from the operation of building laws, less exclusions provided in the normal "All Risk" insurance policy. During any period of construction, such insurance shall be on a builder's-risk, completed value, non-reporting form with permission to occupy;
(b) flood insurance (if the Leased Property or any portion thereof is situated in an area which is considered a flood risk area by the U.S. Department of Housing and Urban Development or any other Governmental Authority that may in the future have jurisdiction over flood risk analysis) in limits reasonably acceptable to the Lessor;
(c) boiler and machinery insurance (including related electrical apparatus and components) under a standard comprehensive form, providing coverage against loss or damage caused by explosion of steam boilers, pressure vessels or similar vessels, now or hereafter installed on the Leased Property, in limits reasonably acceptable to the Lessor;
(d) earthquake insurance (if deemed necessary by the Lessor) in limits and with deductibles reasonably acceptable to the Lessor;
(e) intentionally omittedenvironmental impairment liability insurance (if available) in limits and with deductibles acceptable to the Lessor;
(f) business interruption and/or rent loss insurance in an amount equal to the annual Base Rent due hereunder plus the aggregate sum of the Impositions relating to the Leased Property due and payable during one year;
(g) comprehensive general public liability insurance including coverages commonly found in the Broad Form Commercial Liability Endorsements with amounts not less than [FIVE MILLION DOLLARS ($5,000,000) )] per occurrence with respect to bodily injury and death and [THREE MILLION DOLLARS ($3,000,000) )] for property damage and with all limits based solely upon occurrences at the Leased Property without any other impairment;
(h) professional liability insurance in an amount not less than [TEN MILLION DOLLARS ($10,000,000) )] for each medical incident;
(i) physical damage insurance on an all-risk basis (with only such exceptions as the Lessor in its reasonable discretion shall approve) covering the Tangible Personal Property for the full replacement cost thereof and with a deductible not in excess of one percent (1%) of the full replacement cost thereof;
(j) Workers' Compensation and Employers' Liability Insurance providing protection against all claims arising out of injuries to all employees of the Lessee or of any Sublessee (employed on the Leased Property or any portion thereof) in amounts equal for Workers' Compensation, to the statutory benefits payable to employees in the State and for Employers' Liability, to limits of not less than ONE HUNDRED THOUSAND DOLLARS ($100,000) for injury by accident, ONE HUNDRED THOUSAND DOLLARS ($100,000) per employee for disease and FIVE HUNDRED THOUSAND DOLLARS ($500,000) disease policy limit;
(k) subsidence insurance (if deemed necessary by the Lessor) in limits acceptable to the Lessor; and
(kl) such other insurance as the Lessor from time to time may reasonably require and also, as may from time to time be required by applicable Legal Requirements and/or by any Fee Mortgagee.
Appears in 1 contract
Sources: Development and Turnkey Services Agreement (Standish Care Co)
Types and Amounts of Insurance. The LesseeBorrower's insurance shall include the following:
(a) : A. property loss and physical damage insurance on an all-risk basis (with only such exceptions as the Lessor Lender may in its reasonable discretion approve) covering the Leased Mortgaged Property (exclusive of the Land) for its full replacement cost, which cost shall be reset once a year at the LessorLender's option, with an agreed-amount endorsement and a deductible not in excess of TEN TWENTY FIVE THOUSAND DOLLARS ($10,000.0025,000.00). Such insurance shall include, without limitation, the following coverages: (i) increased cost of construction, (ii) cost of demolition, (iii) the value of the undamaged portion of the Facility and (iv) contingent liability from the operation of building laws, less exclusions provided in the normal "All Risk" insurance policy. During any period of construction, such insurance shall be on a builder's-risk, completed value, non-reporting form with permission to occupy;
(b) flood ; ▇. ▇▇▇▇▇ insurance (if the Leased Mortgaged Property or any portion thereof is situated in an area which is considered a flood risk area by the U.S. Department of Housing and Urban Development or any other Governmental Authority that may in the future have jurisdiction over flood risk analysis) in limits reasonably acceptable to the Lessor;
(c) Lender and subject to the availability of such flood insurance; C. boiler and machinery insurance (including related electrical apparatus and components) under a standard comprehensive form, providing coverage against loss or damage caused by explosion of steam boilers, pressure vessels or similar vessels, now or hereafter installed on the Leased Mortgaged Property, in limits reasonably acceptable to the Lessor;
(d) Lender; earthquake insurance (if reasonably deemed necessary by the LessorLender) in limits and with deductibles reasonably acceptable to the Lessor;
Lender; E. environmental impairment liability insurance (eif available on commercially reasonable terms and deemed reasonably necessary by Lender) intentionally omitted;
(f) in limits and with deductibles reasonably acceptable to the Lender; F. business interruption and/or rent loss insurance in an amount equal to the annual Base Rent due hereunder aggregate amount of the principal and interest payments to be made in one year under the Note plus the aggregate sum of the Impositions relating to the Leased Property due and payable during one year;
(g) comprehensive general public liability insurance including coverages commonly found in the Broad Form Commercial Liability Endorsements with amounts not less than FIVE MILLION DOLLARS ($5,000,000) per occurrence with respect to bodily injury and death and THREE MILLION DOLLARS ($3,000,000) for property damage and with all limits based solely upon occurrences at the Leased Property without any other impairment;
(h) professional liability insurance in an amount not less than TEN MILLION DOLLARS ($10,000,000) for each medical incident;
(i) physical damage insurance on an all-risk basis (with only such exceptions as the Lessor in its reasonable discretion shall approve) covering the Tangible Personal Property for the full replacement cost thereof and with a deductible not in excess of one percent (1%) of the full replacement cost thereof;
(j) Workers' Compensation and Employers' Liability Insurance providing protection against all claims arising out of injuries to all employees of the Lessee or of any Sublessee (employed on the Leased Property or any portion thereof) in amounts equal for Workers' Compensation, to the statutory benefits payable to employees in the State and for Employers' Liability, to limits of not less than ONE HUNDRED THOUSAND DOLLARS ($100,000) for injury by accident, ONE HUNDRED THOUSAND DOLLARS ($100,000) per employee for disease and FIVE HUNDRED THOUSAND DOLLARS ($500,000) disease policy limit; and
(k) such other insurance as the Lessor from time to time may reasonably require and also, as may from time to time be required by applicable Legal Requirements and/or by any Fee Mortgagee.46
Appears in 1 contract
Sources: Loan Agreement (Emeritus Corp\wa\)
Types and Amounts of Insurance. The Lessee's insurance shall include the following:
(a) property loss and physical damage insurance on an all-risk basis (with only such exceptions as the Lessor may in its reasonable discretion approve) covering the Leased Property (exclusive of Land) for its full replacement cost, which cost shall be reset once a year at the Lessor's option, with an agreed-amount endorsement and a deductible not in excess of TEN THOUSAND DOLLARS ($10,000.00). Such insurance shall include, without limitation, the following coverages: (i) increased cost of construction, (ii) cost of demolition, (iii) the value of the undamaged portion of the Facility and (iv) contingent liability from the operation of building laws, less exclusions provided in the normal "All Risk" insurance policy. During any period of construction, such insurance shall be on a builder's-risk, completed value, non-reporting form with permission to occupy;
(b) flood insurance (if the Leased Property or any portion thereof is situated in an area which is considered a flood risk area by the U.S. Department of Housing and Urban Development or any other Governmental Authority that may in the future have jurisdiction over flood risk analysis) in limits reasonably acceptable to the Lessor;may
(c) boiler and machinery insurance (including related electrical apparatus and components) under a standard comprehensive form, providing coverage against loss or damage caused by explosion of steam boilers, pressure vessels or similar vessels, now or hereafter installed on the Leased Property, in limits reasonably acceptable to the Lessor;
(d) earthquake insurance (if deemed necessary by the Lessor) in limits and with deductibles reasonably acceptable to the Lessor;
(e) intentionally omitted;
(f) business interruption and/or rent loss insurance in an amount equal to the annual Base Rent due hereunder plus the aggregate sum of the Impositions relating to the Leased Property due and payable during one year;
(gf) comprehensive general public liability insurance including coverages commonly found in the Broad Form Commercial Liability Endorsements with amounts not less than FIVE MILLION DOLLARS ($5,000,000) per occurrence with respect to bodily injury and death and THREE MILLION DOLLARS ($3,000,000) for property damage and with all limits based solely upon occurrences at the Leased Property without any other impairment;
(hg) professional liability insurance in an amount not less than TEN FIVE MILLION DOLLARS ($10,000,0005,000,000) for each medical incident;
(ih) physical damage insurance on an all-risk basis (with only such exceptions as the Lessor in its reasonable discretion shall approve) covering the Tangible Personal Property for the full replacement cost thereof and with a deductible not in excess of one percent (1%) of the full replacement cost thereof;
(ji) Workers' Compensation and Employers' Liability Insurance providing protection against all claims arising out of injuries to all employees of the Lessee or of any Sublessee (employed on the Leased Property or any portion thereof) in amounts equal for Workers' Compensation, to the statutory benefits payable to employees in the State and for Employers' Liability, to limits of not less than ONE HUNDRED THOUSAND DOLLARS ($100,000) for injury by accident, ONE HUNDRED THOUSAND DOLLARS ($100,000) per employee for disease and FIVE HUNDRED THOUSAND DOLLARS ($500,000) disease policy limit;
(j) subsidence insurance (if deemed necessary by the Lessor) in limits acceptable to the Lessor; and
(k) such other types of insurance as the Lessor from time to time may reasonably require and also, as may from time to time be required by applicable Legal Requirements and/or reasonably by any Fee Mortgagee.
Appears in 1 contract
Types and Amounts of Insurance. The Lessee's insurance shall include the following:
(a) property loss and physical damage insurance on an all-risk basis (with only such exceptions as the Lessor may in its reasonable discretion approve) covering the Leased Property (exclusive of Land) for its full replacement cost, which cost shall be reset once a year at the Lessor's option, with an agreed-amount endorsement and a deductible not in excess of TEN THOUSAND DOLLARS ($10,000.00). Such insurance shall include, without limitation, the following coverages: (i) increased cost of construction, (ii) cost of demolition, (iii) the value of the undamaged portion of the Facility and (iv) contingent liability from the operation of building laws, less exclusions provided in the normal "All Risk" insurance policy. During any period of construction, such insurance shall be on a builder's-risk, completed value, non-reporting form with permission to occupy;
(b) flood insurance (if the Leased Property or any portion thereof is situated in an area which is considered a flood risk area by the U.S. Department of Housing and Urban Development or any other Governmental Authority that may in the future have jurisdiction over flood risk analysis) in limits reasonably acceptable to the Lessor;
(c) boiler and machinery insurance (including related electrical apparatus and components) under a standard comprehensive form, providing coverage against loss or damage caused by explosion of steam boilers, pressure vessels or similar vessels, now or hereafter installed on the Leased Property, in limits reasonably acceptable to the Lessor;
(d) earthquake insurance (if deemed necessary by the Lessor) in limits and with deductibles reasonably acceptable to the Lessor;
(e) intentionally omittedenvironmental impairment liability insurance (if available) in limits and with deductibles acceptable to the Lessor;
(f) business interruption and/or rent loss insurance in an amount equal to the annual Base Rent due hereunder plus the aggregate sum of the Impositions relating to the Leased Property due and payable during one year;
(g) comprehensive general public liability insurance including coverages commonly found in the Broad Form Commercial Liability Endorsements with amounts not less than [FIVE MILLION DOLLARS ($5,000,000) )] per occurrence with respect to bodily injury and death and [THREE MILLION DOLLARS ($3,000,000) )] for property damage and with all limits based solely upon occurrences at the Leased Property without any other impairment;
(h) professional liability insurance in an amount not less than [TEN MILLION DOLLARS ($10,000,000) )] for each medical incident;
(i) physical damage insurance on an all-risk basis (with only such exceptions as the Lessor in its reasonable discretion shall approve) covering the Tangible Personal Property for the full replacement cost thereof and with a deductible not in excess of one percent (1%) of the full replacement cost thereof;
(j) Workers' Compensation and Employers' Liability Insurance providing protection against all claims arising out of injuries to all employees of the Lessee or of any Sublessee (employed on the Leased Property or any portion thereof) in amounts equal for Workers' Compensation, to the statutory benefits payable to employees in the State and for Employers' Liability, to limits of not less than ONE HUNDRED THOUSAND DOLLARS ($100,000) for injury by accident, ONE HUNDRED THOUSAND DOLLARS ($100,000) per employee for disease and FIVE HUNDRED THOUSAND DOLLARS ($500,000) disease policy limit;
(k) subsidence insurance (if deemed necessary by the Lessor) in limits acceptable to the Lessor; and
(k1) such other insurance as the Lessor from time to time may reasonably require and also, as may from time to time be required by applicable Legal Requirements and/or by any Fee Mortgagee.
Appears in 1 contract
Types and Amounts of Insurance. The Lessee's insurance shall include the following:
: (a) property loss and physical damage insurance on an all-risk basis (with only such exceptions as the Lessor may in its reasonable discretion approve) covering the Leased Property (exclusive of Land) for its full replacement cost, which cost shall be reset once a year at the Lessor's option, with an agreed-amount endorsement and a deductible not in excess of TEN TWENTY FIVE THOUSAND DOLLARS ($10,000.0025,000). Such insurance shall include, without limitation, the following coverages: (i) increased cost of construction, (ii) cost of demolition, (iii) the value of the undamaged portion of the Facility and (iv) contingent liability from the operation of building laws, less exclusions provided in the normal "All Risk" insurance policy. During any period of construction, such insurance shall be on a builder's-risk, 73 completed value, non-reporting form (including all risk and extended coverage, collapse, cost of demolition, increased cost of construction and value of undamaged portion of the improvements protection) with permission to occupy;
; (b) flood insurance (if the Leased Property or any portion thereof is situated in an area which is considered a flood risk area by the U.S. Department of Housing and Urban Development or any other future Governmental Authority that may authority charged with such flood risk analysis in the future have jurisdiction over flood risk analysisfuture) in limits reasonably acceptable to Lessor and subject to the Lessor;
availability of such flood insurance; (c) boiler and machinery insurance (including related electrical apparatus and components) under a standard comprehensive form, providing coverage against loss or damage caused by explosion of steam boilers, pressure vessels or similar vessels, now or hereafter installed on the Leased Property, in limits reasonably acceptable to the Lessor;
; (d) earthquake insurance (if reasonably deemed necessary by the Lessor) in limits and with deductibles reasonably acceptable to the Lessor;
; (e) intentionally omitted;
environmental impairment liability insurance (if available on commercially reasonable terms and deemed reasonably necessary by Lessor) in limits and with deductibles acceptable to Lessor; (f) business interruption and/or rent loss insurance in an amount equal to the annual Base Rent due hereunder plus the aggregate sum of the Impositions relating to the Leased Property due and payable during one year;
; (g) comprehensive general public liability insurance including coverages commonly found in the Broad Form Commercial Liability Endorsements with amounts not less than FIVE MILLION DOLLARS ($5,000,000) per occurrence with respect to bodily injury and death and THREE MILLION DOLLARS ($3,000,000) for property damage and with all limits based solely upon occurrences at the Leased Property without any other impairment;
; (h) professional liability insurance in an amount not less than TEN MILLION DOLLARS ($10,000,000) for each medical incident;
; (i) physical damage insurance on an all-risk basis (with only such exceptions as the Lessor in its reasonable discretion shall approve) covering the Tangible Personal Property for the full replacement cost thereof and with a deductible not in excess of one percent (1%) of the full replacement cost thereof;
(j) Workers' Compensation and Employers' Liability Insurance providing protection against all claims arising out of injuries to all employees of the Lessee or of any Sublessee (employed on the Leased Property or any portion thereof) in amounts equal for Workers' Compensation, to the statutory benefits payable to employees in the State and for Employers' Liability, to limits of not less than ONE HUNDRED THOUSAND DOLLARS ($100,000) for injury by accident, ONE HUNDRED THOUSAND DOLLARS ($100,000) per employee for disease and FIVE HUNDRED THOUSAND DOLLARS ($500,000) disease policy limit; and
(k) such other insurance as the Lessor from time to time may reasonably require and also, as may from time to time be required by applicable Legal Requirements and/or by any Fee Mortgagee.74
Appears in 1 contract