SR 05:219 - Laserfiche WebLink

commercially reasonably available, the Lessee shall use reasonable efforts to obtain and maintain an extended coverage endorsement that ensures the full replacement value of the Project as soon as such coverage becomes commercially reasonably available. The deductible under such policy shall not exceed Fifty Thousand Dollars ($50,000). (b) rompT"h"n<iv" (;"n"T"11 i"hility 1n<l1T"nr.". During the Lease Term, the Lessee shall keep in full force and effect a policy or policies of comprehensive general liability and property damage insurance against liability for bodily injury to or death of any person or property damage arising out of an occurrence on or about the Project. The limits of such insurance shall be not less than Two Million Dollars ($2,000,000) combined single limit for bodily injury and property damage, including coverages for contractual liability, personal injury, broadform property damage, products and completed operations. The liability policy or policies shall state in writing either on the certificate of insurance or attached rider that this insurance will operate as primary insurance for the Lessee and its officers, agents, and employees, and that no other insurance effected by the Lessor or other named insured will be called on to cover a loss covered thereunder. (c) Work"T<' romp"n<Mion In<llT"nr.". The Lessee shall carry or cause to be carried workers' compensation insurance as required by California law, including employer's liability coverage, with limits not less than One Million Dollars ($ I ,000,000) each accident. (d) rompT"h"n<iv" Alltomohi1" 1 i"hility 1n<llmnr.". The Lessee shall carry comprehensive automobile liability insurance with limits not less than One Million Dollars ($ I ,000,000) each occurrence combined single limit for bodily injury and property damage, including coverages for owned, non-owned and hired vehicles, as applicable; provided, however, that if the Lessee does not own or lease vehicles for purposes of this Lease, then no automobile insurance shall be required and the Parties shall execute a written document acknowledging that such insurance is not required. (e) 1nfTMion Arlj"<tm"nt<. On the fifth (5'h) anniversary of the Date Of This Lease and every fifth (S'h) anniversary thereafter, the Parties shall recalculate the Insurance Dollar Amount (as defined in subsection (e)(4) below) set forth in subsections (b), (c), and (d) of this Section on the basis of the CPI Adjustment (as defined in subsection (e)(3) below), and Lessee shall carry insurance, to the extent commercially reasonably available, with limits reflecting such adjusted Insurance Dollar Amount. (I) Arljll<tm"nt in 1n<l1T"nr" Ool1"T Amollnt. On the fifth (5'h) anniversary of the Date of this Lease and every fifth (5") anniversary thereafter during the Lease Term, Lessee shall determine the Inflation Adjustment as defined in subsection (e)(2) below for the Insurance Dollar Amount as defined in subsection (e)(4) below. Within sixty (60) days after Lessee determines such Insurance Dollar Amount, Lessee shall then adjust its insurance coverage to a limit not less than the Inflation Adjustment, as such coverage to the extent commercially reasonably available. (2) 1nfT"tion Arljll<tm"nt. As used in this Section, Inflation Adjustment shall mean the sum of the then current and applicable Insurance Dollar Amount and the product of the CPI Adjustment and the current and applicable Insurance Dollar Amount. 144\ I 05\ 153233.23 17