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Ord 2009-045
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Ord 2009-045
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Last modified
10/21/2009 10:55:49 AM
Creation date
8/20/2009 4:54:10 PM
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Template:
City Clerk
City Clerk - Document
Ordinances
City Clerk - Type
Zoning
Number
2009-45
Date
8/4/2009
Volume Book
182
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• a. The commercial gcneraI liability (or business owner's property policy) <br />must be endorsed to name Landlord and Lienholder as "additional <br />insureds" and must not be endorsed to exclude the sole nccliverce of <br />La dlord or Lierholder ftom the definition of "insured cont-act." <br />b. Additional insured endorsements must not exclude coverage for the sole or <br />contributory ordinary negligence of Landlord or Lienbelder. <br />C. Property insurance policies must contain waivers of subrogation of claims <br />against Landlord andLienhoder. <br />d. Certificates ofirsurance and copies of any additional insured and waiver <br />of subrogation endorsements must be delivered by Tenant to Landlord <br />before entering the Premises and thereafter at least ten days before the <br />expiration of the policies. <br />• <br />3. Obtain the approval of Landlord and Lierholder with respect to the following: the <br />forms ofTenart's insurance policies, endorsements and certificates, and other evidence of <br />Tenant's Insurance; the amounts of any deductibles or self-insured retentions amounts under <br />Tenant's Insurance; and the creditworthiness ane ratings of the insurance companies issuing <br />Tenant's Insurance. <br />B. Landlord agrees to maintain the property and/or liability insurance policies required <br />below (.-nark applicable boxes) during the Term: <br />Type of Insurance <br />Commercial general liability <br />(occurrence basis) <br />* Causes of loss-special fore <br />Minimum Policy Limit <br />Per occurrence: S <br />Aggregate: S <br />100 percent of replacement cost of the <br />property [Shopping CentertBuilding] exclusive of <br />foundation; footings, infrastructure, sitework, <br />and the rebuilding requirements of all lessees <br />40
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