Insurance Requirement

Insurance Requirement. Or "INSURANCE REQUIREMENTS" shall mean, "Insurance Requirements" means, as the case may be, any one or more of the terms of each insurance policy required to be carried by Tenant under this Lease and the requirements of the issuer of such policy, and whenever Tenant shall be engaged in making any Alteration or Alterations, repairs or construction work of any kind (collectively, "WORK"), "Work"), the term "INSURANCE REQUIREMENT" "Insurance Requirement" or "INSURANCE REQUIREMENTS" shall "Insurance Requirements" will be deemed to include a requirement that Tenant obtain or cause its contractor to obtain completed value builder's risk insurance when the estimated cost of the Work in any one instance exceeds the sum of One Hundred Thousand Dollars ($100,000.00) $500,000 and that Tenant or its contractor shall obtain worker's compensation insurance or other adequate insurance coverage covering all persons employed in connection with the Work, whether by Tenant, its contractors or subcontractors and with respect to whom death or bodily injury claims could reasonably be asserted against Landlord. View More

Insurance Requirement. Or "INSURANCE REQUIREMENTS" shall mean, as the case may be, any Any one or more of the terms of each insurance policy required to be carried by Tenant under this Lease and the requirements of the issuer of such policy, and whenever Tenant shall be engaged in making any Alteration or Alterations, repairs or construction work of any kind (collectively, "WORK"), "Work"), the term "INSURANCE REQUIREMENT" "Insurance Requirement" or "INSURANCE REQUIREMENTS" "Insurance Requirements" shall be deemed to... include a requirement that Tenant obtain or cause its contractor to obtain completed value builder's risk insurance when the estimated cost of the Work in any one instance exceeds the sum of One Five Hundred Thousand ($500,000.00) Dollars ($100,000.00) [Three Hundred Thousand ($300,000.00) Dollars in all states other than Florida] and such insurance is available (unless such coverage is provided under the insurance maintained by Tenant pursuant to Paragraph 14(a)) and that Tenant or its contractor shall obtain worker's compensation insurance or other adequate comparable insurance coverage covering all persons employed in connection with the Work, whether by Tenant, its contractors or subcontractors and with respect to whom death or bodily injury claims could be asserted against Landlord. View More