Construction Insurance. In addition to the requirements of [Article 10] of this Lease, in the event that Tenant makes any Alterations, prior to the commencement of such Alterations, Tenant shall provide Landlord with evidence that Tenant or Tenant's contractor carries "Builder's All Risk" insurance (to the extent that the cost of such work shall exceed ) in an amount approved by Landlord covering the construction of such Alterations, and such other insurance as Landlord may reasonably require, it being understood and agreed that all of such Alterations shall be insured by Landlord pursuant to [Article 10] of this Lease immediately upon completion thereof. In addition, Tenant's contractors and subcontractors shall be required to carry Commercial General Liability Insurance in an amount approved by Landlord and otherwise in accordance with the requirements of [Article 10] of this Lease. In connection with Alterations with a cost in excess of , Landlord may, in its reasonable discretion, require Tenant to obtain a lien and completion bond or some alternate form of security satisfactory to Landlord in an amount sufficient to ensure the lien-free completion of such Alterations and naming Landlord as a co-obligee.
Construction Insurance. In addition to the requirements of [Article 10] of this Lease, in the event that Tenant makes any Alterations, prior to the commencement of such Alterations, Tenant shall provide Landlord with evidence that Tenant or Tenant's contractor carries "Builder'“Builder’s All Risk"Risk” insurance (to the extent that the cost of such work shall exceed ) in an amount approved by Landlord covering the construction of such Alterations, and such other insurance as Landlord, commensurate with the practice of owners of Comparable Buildings, may reasonably require, it being understood and agreed that all of such Alterations shall be insured by Landlord pursuant to [Article 10] of this Lease immediately upon completion thereof. In addition, Tenant's contractors and subcontractors shall be required may, in its discretion, with respect to carry Commercial General Liability Insurance in an amount approved by Landlord and otherwise in accordance with the requirements of [Article 10] of this Lease. In connection with Alterations with awhich are anticipated to cost in excess of , Landlord may, in its reasonable discretion, require Tenant to obtain a lien and completion bond or some alternate form of security satisfactory to Landlord in an amount sufficient to ensure the lien-free completion of such Alterations and naming Landlord as a co-obligee.
Construction Insurance. In addition to the requirements of [Article 10] of this Lease, in the event that Tenant makes any Alterations, prior to the commencement of such Alterations, Tenant shall provide Landlord with evidence that Tenant or Tenant's contractor carries " XE "Builder's All Risk" Builder's All Risk" insurance (to the extent that the cost of such work shall exceed ) in an amount reasonably approved by Landlord covering the construction of such Alterations, and such other insurance as Landlord may reasonably require, it being understood and agreed that all of such Alterations shall be insured by LandlordTenant pursuant to [Article 10] of this Lease immediately upon completion thereof. In addition, Tenant's contractors and subcontractors shall be required to carry # Commercial General Liability Insurance in an amount reasonably approved by Landlord and otherwise in accordance with the requirements of [Article 10] of this Lease. In connection with Alterations with a cost in excess of , Landlord may, in its reasonable discretion, require Tenant to obtain a lien and completion bond or some alternate form of security satisfactory to Landlord in an amount sufficient to ensure the lien-free completion of such Alterations and naming Landlord as a co-obligee.Landlord,
Required Documentation. Subsequent to obtaining Landlords consent and prior to commencement of the Alterations, Tenant shall deliver to Landlord any building or other permit required by Applicable Laws in connection with the Alterations. In additionaddition, Tenant shall require its general contractor to carry and maintain the requirements of [Article 10] of this Lease, in the event thatfollowing insurance at no expense to Landlord, and Tenant makes any Alterations,shall furnish Landlord with satisfactory evidence thereof prior to the commencement of such Alterations, Tenant shall provide Landlordconstruction: # commercial general liability insurance with evidence that Tenant or Tenant's contractor carries "Builder's All Risk" insurance (to the extent that the costlimits of such work shall exceednot less than ) combined single limit for bodily injury and property damage, including personal injury and death, and contractors protective liability, and products and completed operations coverage; # comprehensive automobile liability insurance with a policy limit of not less than each accident for bodily injury and property damage, providing coverage at least as broad as the Insurance Services Office (ISO) business auto coverage form covering automobile liability, code 1 any auto, and insuring against all loss in connection with the ownership, maintenance and operation of automotive equipment that is owned, hired or non-owned; # workers compensation insurance as required by any Applicable Law, and employers liability insurance in amounts not less than each accident for bodily injury by accident, aggregate disease coverage and each employee for bodily injury by disease; and # except in the case of Minor Alterations, and unless Tenant carries such coverage itself, builders risk insurance in an amount approved by Landlord covering the construction of such Alterations, and such other insurance as Landlord may reasonably require, it being understood and agreed that allthe Alterations (which, for purposes of such Alterationsthis Paragraph 12.3, shall exclude the Tenant Improvements) shall be insured by LandlordTenant pursuant to [Article 10]Paragraph 8.2 of this Lease immediately upon completion thereof. In addition, Tenant'The contractors contractors and subcontractorscommercial general insurance policy shall be requiredendorsed to carry Commercial General Liability Insurance inadd Landlord as an amount approvedadditional insured with respect to liability arising out of work performed by or for Tenants general contractor, to specify that such insurance is primary and that any insurance or self-insurance maintained by Landlord shall not contribute with it, and otherwise in accordance with the requirements of [Article 10] of this Lease. In connection with Alterations with a cost in excess of , Landlord may, in its reasonable discretion, require Tenant to obtain a lien and completion bondprovide that coverage shall not be terminated, cancelled or some alternate form of security satisfactorymaterially modified except after thirty (30) days prior written notice has been given to Landlord in an amount sufficient to ensure the lien-free completion of such Alterations and naming Landlord as a co-obligee.Landlord.
Alterations Requirements. In addition to the requirements of [Article 10] of this Lease, in the event that Tenant makesshall desire to perform any Alterations, prior to the commencement of such Alterations, Tenant shall providedeliver to Landlord, prior to commencing such Alterations # evidence satisfactory to Landlord with evidence that Tenant or Tenant'carries Builders contractor carries "Builder's All Risk"Risk insurance (to the extent that the costcovering construction of such work shall exceed )Alterations in an amount and form approved by Landlord covering the construction of such Alterations, andLandlord, # such other insurance as Landlord mayshall reasonably require, it being understood and agreed that all of such Alterations shall be insured by Landlord pursuant to [Article 10] of this Lease immediately upon completion thereof. In addition, Tenant's contractors and subcontractors shall be required to carry Commercial General Liability Insurance in an amount approved by Landlord and otherwise in accordance with the requirements of [Article 10] of this Lease. In connection with Alterations with a cost in excess of , Landlord may, in its reasonable discretion, require Tenant to obtain# a lien and completion bond or some alternateother security in form of securityand amount satisfactory to Landlord in an amount sufficient to ensure the lien-free completion of such Alterations and naming Landlord as a co-obligee.Landlord.
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