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11.1 SR 08-07-2023
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11.1 SR 08-07-2023
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8/2/2023
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�� i �f <br />� i <br />such holder appears, pursuant to a standard mortgagee clause. <br />All such polieies of insurance sha11 provide that any loss shall <br />be payable to Landlord notwithstanding any act or omission of <br />Tenant which might otherwise result in a forfeiture or reduction <br />of said insurance. <br />8.3) Tenant shall also, as Additional Rent h�reunder and at <br />Tenant's sole eost and expense, but for the mutual benefit of <br />Landlord and Tenant, as named insureds, maintain during the Terrn <br />of the Lease ta) general public liability insurance against <br />claims for personal injury, death, or propertiy damage occurring <br />upon, in or about the Premises, and on, in, or about the <br />adjoining lands, streets, and passageways, such insurance to <br />afford protection to the limit of not less than Five Hundred <br />Thousand and no/100 Dollars ($500,000.00) in respect to injury or <br />death to a single person, and to the limit of not less than One <br />Million and no/100 Dollars ($1,000,000.00) in respect to any one <br />(1) accident and to the limit of not less than Five Hundred <br />Thousand and no/100 Dollars ($500,000.00) in respect to any <br />property damage; (b) steam boiler insurance on all steam boilers, <br />pressure boilers, or other such apparatus as Landlord may deem <br />necessary to be eovered by such insurance and in such amount or <br />amounts as Landlord may from time to time reasonably require. <br />8.4) All policies of insurance shall be written in companies <br />satisfactory to Landlord, and shall be written in such form and <br />shall be distributed in such companies as shall be reasonably <br />acceptable to Landlord. Such policies shall be delivered to <br />Landlord endorsed ��premium paid" by the company or agency issuing <br />the same or accompanied by another evidence satisfactory to <br />Landlord that the premiums thereon have been paid, not less than <br />ten (10} days prior to the expiration of any then current policy. <br />8.5) Landlord agrees that such policy or policies may <br />contain a waiver of subrogation clause as to Tenant. Provided <br />the aforesaid fire and extended coverage insurance is in full <br />force and effect and remains so, Landlord waives, releases, and <br />discharges Tenant from all claims or demands whatsoever which <br />Landlord may have or acquire in the future arising out of damage <br />to or destruction of the Fremises by fire or extended coverage <br />risk, whether such claim or demand may arise because of the <br />negligence of Tenant, its agents, or employees or otherwise, and <br />Landlord agrees to look only to the insurance coverage in the <br />event of such loss. <br />8.6) Tenant shall insure the contents of the Improvements <br />owned by Tenant, for the benefit of Tenant, against loss or <br />damage by fire, windstorm, or other casualty for such amount as <br />Tenant may desire, and Tenant agrees that such policies shall <br />contain a waiver of subrogation clause as to Landlord. Tenant <br />waives, releases, and discharges Landlord from all claims or <br />demands whatsoever which Tenant may have or acquire by fire or <br />extended coverage risk, whether such claim or demand may arise <br />because of the negligence of Landlord, its agents or employees or <br />� <br />
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