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an extended coverage endorsement that ensures the full replacement value of the Project as soon <br /> as such coverage becomes commercially reasonably available. The deductible under such policy <br /> shall not exceed Fifty Thousand Dollars ($50,000). <br /> (b) Comprehensive General Liability Insurance. During the Lease Term, the <br /> Lessee shall keep in full force and effect a policy or policies of comprehensive general liability <br /> and property damage insurance against liability for bodily injury to or death of any person or <br /> property damage arising out of an occurrence on or about the Project. The limits of such <br /> insurance shall be not Tess than Two Million Dollars ($2,000,000) combined single limit for <br /> bodily injury and property damage, including coverages for contractual liability, personal injury, <br /> broadform property damage, products and completed operations. The liability policy or policies <br /> shall state in writing either on the certificate of insurance or attached rider that this insurance will <br /> operate as primary insurance for the Lessee and its officers, agents, and employees, and that no <br /> other insurance effected by the Lessor or other named insured will be called on to cover a loss <br /> covered thereunder. <br /> • <br /> (c) Workers' Compensation Insurance. The Lessee shall carry or cause to be <br /> carried workers' compensation insurance as required by California law, including employer's <br /> liability coverage, with limits not Less than One Million Dollars ($1,000,000) each accident. <br /> (d) Comprehensive Automobile Liability Insurance, The Lessee shall carry <br /> comprehensive automobile liability insurance with limits not less than One Million Dollars <br /> ($1,000,000) each occurrence combined single limit for bodily injury and property damage, <br /> including coverages for owned, non -owned and hired vehicles, as applicable; provided, however, <br /> that if the Lessee does not own or lease vehicles for purposes of this Lease, then no automobile <br /> insurance shall be required and the Parties shall execute a written document acknowledging that <br /> such insurance is not required. <br /> (e) Inflation Adjustments. On the fifth (5 anniversarybf the Date Of This <br /> Lease and every fifth (5 anniversary thereafter, the Parties shall recalculate the Insurance <br /> Dollar Amount (as defined in subsection (e)(4) below) set forth in subsections (b), (c), and (d) of <br /> this Section on the basis of the CPI Adjustment (as defined in subsection (e)(3) below), and <br /> Lessee shall carry insurance, to the extent commercially reasonably available, with limits <br /> reflecting such adjusted Insurance Dollar Amount. <br /> (i) Adjustment in Insurance Dollar Amount. On the fifth (5 <br /> anniversary of the Date of this Lease and every fifth (5` anniversary thereafter during the Lease <br /> Term, Lessee shall determine the Inflation Adjustment as defined in subsection (e)(2) below for <br /> the Insurance Dollar Amount as defined in subsection (e)(4) below. Within sixty (60) days after <br /> Lessee determines such Insurance Dollar Amount, Lessee shall then adjust its insurance coverage <br /> to a limit not less than the Inflation Adjustment, as such coverage to the extent commercially <br /> reasonably available. <br /> (ii) Inflation Adjustment. As used in this Section, Inflation <br /> Adjustment shall mean the sum of the then current and applicable Insurance Dollar Amount and <br /> the product of the CPI Adjustment and the current and applicable Insurance Dollar Amount. <br /> 144\105\153233.25 17 <br />