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2016.11.09 CC Combined
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2016.11.09 CC Combined
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DRAFT <br />3-2-16 <br /> <br />475988v2 TJG NE136-131 7 <br />Liability coverage with limits of not less than $500,000 Bodily Injury each accident, $500,000 <br />Bodily Injury by disease, policy limit, and $500,000 Bodily Injury by disease, each employee. <br /> <br />(b) General Liability. Tenant must maintain an occurrence form commercial general <br />liability coverage. Such coverage shall include, but not be limited to, bodily injury, property <br />damage – broad form, and personal injury, for the hazards of Premises/Operation, broad form, <br />contractual, independent contractors, and products/completed operations. <br /> <br /> Tenant must maintain aforementioned commercial general liability coverage with limits <br />of liability not less than $5,000,000 each occurrence; $5,000,000 personal and advertising injury; <br />$5,000,000 general aggregate, and $5,000,000 products and completed operations aggregate. <br />These limits may be satisfied by the commercial general liability coverage or in combination <br />with an umbrella or excess liability policy, provided coverage afforded by the umbrella or excess <br />policy are no less than the underlying commercial general liability coverages. <br /> <br />(c) Automobile Liability. Tenant must carry Automobile Liability coverage. <br />Coverage shall afford total liability limits for Bodily Injury Liability and Property Damage <br />Liability in the amount of $5,000,000 per accident. The liability limits may be afforded under <br />the Commercial Policy, or in combination with an Umbrella or Excess Liability Policy provided <br />coverage of ridges afforded by the Umbrella Excess Policy are no less than the underlying <br />Commercial Auto Liability Coverage. Coverage shall be provided for Bodily Injury and <br />Property Damage for the ownership, use, maintenance or operation of all owned, non-owned and <br />hired automobiles. The Commercial Automobile Policy shall include at least statutory personal <br />injury protection, uninsured motorist and underinsured motorist coverages. <br /> <br />(d) Tenant Property Insurance. Tenant must keep in force for the duration of the <br />Lease a policy covering damages to its Antenna Facilities at the Leased Premises. The amount <br />of coverage shall be sufficient to replace the damaged property, loss of use and comply with any <br />ordinary or law requirements. <br /> <br />(e) Additional Insured – Certificate of Insurance. Tenant shall provide, within ten <br />(10) days of the Commencement Date, evidence of the required insurance in the form of a <br />Certificate of Insurance issued by a company (rated B+12 or better), licensed to do business in <br />the state of Minnesota, which includes all coverages required in this Insurance section. Tenant <br />will list Landlord as an Additional Insured on the General Liability and Commercial Automobile <br />Liability Policies. The Certificate(s) shall also provide the coverage may not be canceled <br />without thirty (30) days’ prior written notice to Landlord. <br /> <br />10. Damage or Destruction. If the Leased Premises is destroyed or damaged, without <br />contributory fault of Tenant or its agents, so as, in Tenant’s judgement, to hinder its effective use <br />of the Antenna Facilities, Tenant may elect to terminate the Lease, upon thirty (30) days’ written <br />notice to Landlord. In the event Tenant elects to terminate the Lease, Tenant shall be entitled to <br />reimbursement of any prepaid rent covering the period subsequent to the date of damage to or <br />destruction of the Leased Premises. <br /> <br />11. Lease Termination.
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