8.1. SR 03-21-2016 - Laserfiche WebLink

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required under Section 6.2 shall name Landlord and Mortgagee as additional insureds, and evidence of the renewal or replacement policies reasonably satisfactory to Landlord and Mortgagee shall be delivered to Landlord and Mortgagee at least ten (10) business days before the expiration thereof. Certificates of insurance with respect to all policies required under this Lease shall be delivered to Landlord and Mortgagee upon commencement of the Term, and as promptly as practicable after the expiration of existing policies and within ten (10) days of written demand by Landlord. Insurers shall be licensed to do business in the State of Minnesota and either domiciled in the USA or qualified to do business therein as a foreign corporation. All property insurance policies shall contain a standard, non-contributory, first mortgagee clause in favor of Mortgagee. Notwithstanding anything contained herein to the contrary, Landlord retains the right, at Landlord's option, at any time during the Term, for any reason or for no reason, for Landlord, to obtain and continuously maintain in full force and effect during the Term, all of the insurance required under Section 6.1, 6.2, 6.4 and 6.5 above upon not less than thirty (30) days prior written notice to Tenant. Thereafter, Tenant will have no obligation to maintain such insurance, but Tenant will reimburse Landlord for all costs, expenses and premiums incurred in obtaining such insurance, within ten (10) days after Landlord provides Tenant with an invoice for such costs and expenses. 6.7 Waiver of Claims; Subrogation. Notwithstanding any other provision of this Lease to the contrary, whenever (a) any loss, cost, damage or expense, including consequential damage or expense, resulting from fire, explosion or any other casualty or similar occurrence is incurred by either of the parties hereto, or anyone claiming by, through, or under it is connection with the Premises, and (b) such party is then covered in whole or in part by insurance with respect to such loss, cost, damage or expense or is required under this Lease to be so insured or self insured, then the party so insured (or so required) hereby waives, releases and discharges any claims against and releases the other party from any liability said other party may have on account of such loss, costs, damage or expense, including consequential damage or expense, to the extent of any amount recovered by reason of such insurance. The parties agree to furnish to each insurance company which has or will issue policies of casualty insurance on the Building, written notice of said waivers and to have the insurance policies property endorsed, if necessary, to acknowledge such subrogation waivers. 6.8 Unearned Premiums. Upon expiration of the Term, any unearned premiums upon any insurance policies or certificates thereof maintained by Tenant shall be paid to Tenant. 6.9 Blanket Policies. Nothing in this Article shall prevent Tenant from taking out insurance of the kind and in the amount provided for in this Lease under a blanket insurance policy or policies which may cover other properties as well as the Premises; provided, however, that any such policy of blanket insurance of the kind provided for (i) shall specify therein either the amounts thereof exclusively allocated to the Premises or shall contain a blanket limit equal to or greater than the replacement value of the Premises, and (ii) shall not contain any clause which would be contrary to the insurance requirements of this Article. 10