6.0. EDSR 02-10-1997 - Laserfiche WebLink

Home Browse Search

• ARTICLE XX. - INSURANCE 20.01 Public Liability, Property Damage Insurance. Tenant covenants and agrees to maintain on the Premises at all times during the term of this Lease, or any extension or renewal thereof, a policy or policies of comprehensive public liability and property damage insurance with not less than $1,000,000.00 combined single limits for both bodily injury and property damage, which policy or policies shall name Landlord and its Managing Agent as additional insureds. 20.02 Fire and Extended Coverage Insurance - Waiver of Subrogation. Landlord shall maintain in effect with an insurance company authorized to conduct business in the State of Minnesota policies of insurance covering the Leased Premises providing protection (excluding excavation, footings and foundations) against all casualties included under standard insurance industry, practices within the classification of "Fire and Extended Coverage", each of such casualties being hereinafter referred to as an "Insured Casualty." At Landlord's option such policy may include rental interruption insurance. Tenant shall maintain in effect with an insurance company authorized to conduct business in the State of Minnesota and which has been approved by Landlord insurance covering Tenant's trade fixtures, furnishings and equipment and Tenant improvements made to the Leased Premises by Tenant providing protection to the extent of the replacement value of the same against the Insured Casualties. Landlord and Tenant hereby grant to each other, on behalf of any insurer providing fire and extended coverage to either of them covering the Leased Premises, improvements thereon, or contents thereof, a waiver of any right of subrogation any such insurer of one party may acquire against the other by virtue of payment of any loss under such insurance. Neither party shall have any interest in the proceeds of insurance obtained by the other party. Without Landlord's consent, Tenant shall not knowingly do anything in or about the Leased Premises which will in any way tend to increase insurance rates or invalidate any policy on the Leased Premises or the building. If Tenant inadvertently engages in any such activity, Tenant shall, upon notice thereof, cease such activity unless Landlord consents thereto. If Landlord shall consent to such use, Tenant agrees to pay as additional rental any increase in premiums for insurance against loss by fire or extended coverage risks resulting from the business carried on in the Leased Premises by Tenant. 20.03 Indemnification of Landlord. Tenant shall indemnify and defend Landlord, its employees and agents and save them harmless from and against any and all loss (including loss of rents payable by Tenant or other tenants) and against all claims, actions, damages, liability and expenses in connection with loss of life, bodily and personal injury or damage to the Building arising from any occurrence in, upon or at the Premises or any part thereof, occasioned wholly or in part by any act or omission of Tenant, its agents, contractors, employees, servants, licenses, concessionaires or invitees or by anyone permitted to be on the Premises by Tenant. Tenant assumes all risks of and Landlord shall not be liable for injury to person or damage to property resulting from the condition of the Premises or from the bursting or leaking of any and all pipes, utility lines, connections, or air conditioning or heating equipment in, on or about the Premises, or from water, rain or snow which may leak into, issue or flow from any part of the Building. • Tenant agrees, at all times, to indemnify and hold Landlord, its employees and agents harmless 11