Agmt24 Sequoia Healthcaare District

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REV: 07-15-24 VR Building or from the pipes, appliances or plumbing works therein or from the roof, street or sub-surface or from any other place or resulting from dampness or any other patent or latent cause whatsoever. Further, neither Landlord nor any director, officer, agent, servant or employee of Landlord shall be liable consequential damages, including lost profits, of Tenant or any person claiming through or under Tenant. 18. Insurance. 18.1 During the Term hereof, Tenant, at its sole expense, shall obtain and keep in force the following insurance: (a) Commercial general liability insurance naming the Landlord as an additional insured against any and all claims for bodily injury and property damage occurring in, or about the Premises arising out of Tenant's use and occupancy of the Premises. Such insurance shall have a combined single limit of not less than One Million Dollars ($1,000,000) per occurrence with a Two Million Dollar ($2,000,000) aggregate limit. Such liability insurance shall be primary and not contributing to any insurance available to Landlord and Landlord's insurance shall be in excess thereto. In no event shall the limits of such insurance be considered as limiting the liability of Tenant under this Lease. (b) Personal property insurance insuring all equipment, trade fixtures, inventory, fixtures and personal property located on or in the Premises for perils covered by the causes of loss - special form (all risk). Such insurance shall be written on a replacement cost basis in an amount equal to the full replacement value of the aggregate of the foregoing less any applicable deductible. (c) Workers' compensation insurance in accordance with statutory requirements. 18.2 The policies required to be maintained by Tenant shall be with companies rated AVIII or better in the most current issue of Best's Insurance Reports. Insurers shall be licensed to do business in the state in which the Premises are located and domiciled in the USA. Tenant may rely on self-insurance program to meet the insurance requirements herein. Any deductible amounts under any insurance policies required here under shall not exceed $350,000. Tenant shall have the right to provide insurance coverage which it is obligated to carry pursuant to the terms hereof in a blanket policy, provided such blanket policy expressly affords coverage to the Premises and to Landlord as required by this Lease. Each policy of insurance shall provide that Landlord and Landlord's directors, officers, and employees are additional insureds and shall provide notification to Landlord at least thirty (30) days prior to any cancellation or modification to reduce the insurance coverage. 18.3 During the Term hereof, Landlord shall insure the Building against damage with All Risk insurance and public liability insurance, all in such amounts and with such deductibles as Landlord considers appropriate. Landlord may, but shall not be obligated to, obtain and carry any other form or forms of insurance as it or Landlord's mortgagees ATTY/AGR.2024.108/Sequoia Healthcare District (Office Lease Agreement) (Page 13 of 23)