Laserfiche WebLink
such contest, Lessee shall protect, defend and indemnify Lessor <br />against all loss, cost, expense and damage resulting therefrom. <br />13. Utilities. Lessee shall be responsible for the cost of <br />all utilities, including water, heat, gas, electricity, waste <br />removal and other utilities and services supplied to the Project. <br />Lessee shall pay or cause same to be paid currently and as due. <br />14. Fire and Extended Coverage and Liability Insurance. <br />• <br />(a) Fire and Extended Coverage Endorsement. Lessee <br />shall during the Term of the Lease keep the Project insured <br />against loss or damage by fire and all other risks as may be <br />included in the standard form of extended coverage endorsement, <br />in amounts such that the proceeds of such insurance shall not be <br />less than the replacement value of the Project or any other <br />amount required by the Mortgagees and approved by Lessor. The <br />amount of such insurance shall be adjusted by reappraisal of the <br />Project by the insurer or its designee at least once every five <br />(5) years during the Term of this Lease. <br />(b) Liability and Property Damage Insurance. During <br />the Term of the Lease, Lessee shall keep in full force and effect <br />a policy or policies of public liability and property damage <br />insurance against liability for bodily injury to or death of any <br />person or property damage arising out of the Project. The limits <br />of such insurance shall be not less than the amounts required by <br />the Mortgagees and approved by the Lessor. <br />(c) Workers' Compensation Insurance. Lessee shall <br />carry workers' compensation insurance covering all persons <br />employed in connection with the Project and with respect to whom <br />death, bodily injury and sickness insurance claims could be <br />asserted against Lessor or Lessee. <br />(d) Other Insurance. Lessee may at its option obtain <br />rental income insurance. Nothing herein shall be constructed to <br />C:GDLEASE.EHI -20- <br />