7.3 SR 03-01-2021 - Laserfiche WebLink

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in any one accident and property damage liability in an amount not less than $1,000,000.00 for each accident, and such insurance shall insure Tenant's contractors against any and all claims for bodily injury, including death resulting therefrom, and damage to the property of others arising from its operations under the contracts, whether such operations are performed by Tenant's contractors, or by anyone directly or indirectly employed by any of them; and "all-risk" builder's risk insurance upon the entire Expansion Area improvements to the full insurable value thereof, which shall include the interests of Landlord and Tenant (and their respective contractors and subcontractors of any tier to the extent of any insurable interest therein) in the Expansion Area work and shall insure against the perils of fire and extended coverage and shall include "all-risk" builder's insurance for physical loss or damage including, without duplication of coverage, vandalism and malicious mischief, and if portions of the Expansion Area work are stored off the site of the Building or in transit to said site and are not covered under said "all-risk" builder's risk insurance, then Tenant shall effect and maintain similar property insurance on such portions of the Expansion Area work. Any loss insured under said "all-risk" builder's risk insurance is to be adjusted with Landlord and Tenant and made payable to Landlord, as trustee for the insureds, as their interests may appear; (ix) Without limiting of the indemnification provisions contained in the Lease, Tenant shall indemnify, protect, defend and hold harmless Landlord, the parties listed, or required by, the Lease to be named as additional insureds, and their respective beneficiaries, partners, directors, officers, employees and agents, from and against all claims, liabilities, losses, damages and expenses of whatever nature arising out of or in connection with the Expansion Area work or the entry of Tenant or Tenant's contractors into the Building and the Premises, including without limitation, mechanic's liens, the cost of any repairs to the Premises or Building necessitated by activities of Tenant or Tenant's contractors, bodily injury to persons (including, to the maximum extent provided by law, claims arising under the Minnesota Structural Act) or damage to the property of Tenant, its employees, agents, invitees, licensees or others. It is understood and agreed that the foregoing indemnity shall be in addition to the insurance requirements set forth above and shall not be in discharge of or in substitution for same or any other indemnity or insurance provision of the Lease. (x) Notwithstanding anything to the contrary provided in this Section 26.4, Tenant may not commence any construction or other on -site activities with respect to the Expansion Improvements or other improvements unless and until Tenant has obtained from Landlord and Mortgagee, the Landlord's and Mortgagee's written approval of Tenant's proposed means of financing all of the costs to be incurred by Tenant in connection with the construction of the Expansion Improvements or other improvements under 46