21. INDEMNITY AND PUBLIC
LIABILITY INSURANCE
(A) Tenant shall
indemnify and save harmless Landlord and its Agent from any and all
liability,
damage, expense, cause of
action, suits, claims, judgments and cost of defense arising from injury
to
person or personal
property in and on the Demised Premises, or upon any adjoining sidewalks or
public
areas of the Building,
which arise out of the use and occupancy of the Demised Premises or the
act,
failure to act or
negligence of Tenant, its agents, contractors, employees, subtenants or
licensees.
(B) In order to assure
such indemnity, Tenant shall, at its sole cost, carry and keep in full
force
and effect at all times
during the term of this Lease, a commercial comprehensive general liability
policy
with a single limit of at
least Two Million Dollars ($2,000,000.00) including coverage for bodily
injury,
property damage and
personal injury liability.
(C) Tenant shall also
carry and maintain at its sole cost and expense excess liability and
umbrella
coverage with a limit of
liability of no less than $4,000,000 per occurrence and $4,000,000 general
aggregate. Such coverage
shall provide protection against bodily injury, property damage,
contractual
liability and personal
injury loss.
22. WORKERâS COMPENSATION
INSURANCE Tenant shall carry and keep in full force and effect at
all times during the term
of this Lease, at its sole cost, workerâs compensation or similar insurance in
form
and amounts required by
law. Such insurance shall contain waiver of subrogation provisions in favor
of
Landlord and its
management agent.
23. ALL RISK COVERAGE
INSURANCE Landlord shall obtain and maintain All Risk Coverage
insurance covering the
Building and the Building-standard tenant improvements to the level specified
in
Exhibit B. Tenant shall
obtain and maintain throughout the term of this Lease and any extension periods
All
Risk Coverage insurance
insuring against damage to and loss of Tenantâs Alterations and tenant
improvements (above the
level of the Building-standard tenant improvements as specified in Exhibit
B),
fixtures, equipment,
furniture, and all other personal property in and about the Demised Premises.
Landlord
and Tenant hereby release
each other and waive any claims they may have against the other for loss
or
damage to the Building,
Demised Premises, tenant improvements, fixtures, equipment and/or any
other
personal property arising
from a risk insured against under the All Risk Coverage insurance policies to
be
carried by Landlord and
Tenant, as required above, even though such loss or damage was caused by
the
17 King I Office Lease
Execution Document Puckett
& Faraj, PC
MCLEAN 354397.8
101274.055
negligence of Landlord,
Tenant, or their respective agents or employees (or any combination thereof),
except
for the amount of the
deductible under said policies. Landlord and Tenant agree to obtain and
maintain
throughout the term of
this Lease endorsements to their respective All Risk Coverage policies waiving
the
right of subrogation of
their insurance companies against the other party and its agents and
employees.
Except to the extent
expressly provided herein, nothing contained in this Lease shall relieve
Landlord or
Tenant of any liability
to each other or to their insurance carriers which Landlord or Tenant may have
under
law or the provisions of
this Lease in connection with any damage to the Building, Demised Premises,
tenant
improvements, fixtures,
equipment, furniture, and all other personal property, by fire or other
casualty.
24. TENANTâS CONTRACTORâS
INSURANCE
(A) Tenant shall require
any contractor of Tenant performing work on the Demised Premises to
carry and maintain, at no
expense to Landlord:
(1) commercial
comprehensive general liability insurance, including contractorâs
liability
coverage, contractual
liability coverage, completed operations coverage, broad form property
damage
endorsement and
contractorâs protective liability coverage, to afford protection with limits,
for each
occurrence, of not less
than One Million Dollars ($1,000,000.00) with respect to personal injury, death,
or
property damage;
and
(2) workerâs compensation
or similar insurance in form and amounts required by law.
(3) Excess liability or
umbrella insurance written on a per occurrence basis with policy
limits of no less than
Two Million Dollars ($2,000,000) per occurrence and Two Million Dollars
($2,000,000) general
aggregate.
25. REQUIREMENTS FOR
TENANTâS INSURANCE POLICIES
(A) The company or
companies writing any insurance which Tenant is required to carry and
maintain or cause to be
carried or maintained pursuant to this Lease as well as the form of such
insurance
shall at all times be
subject to Landlordâs approval and any such company or companies shall be a
good
and responsible insurance
company, licensed to do business in the Commonwealth of Virginia. Tenantâs
public liability and All
Risk Coverage insurance policies and certificates evidencing such insurance
shall
name Landlord and its
Agent as additional insured and shall also contain a provision by which the
insurer
agrees that such policy
shall not be cancelled except after thirty (30) days written notice to
Landlord.
Tenant agrees to provide
to Landlord prior to taking possession of the Demised Premises the
certificates
evidencing such
insurance; Landlord may withhold delivery of the Demised Premises without
delaying
the Commencement Date, or
triggering any abatement of rent, if Tenant fails to provide Landlord with
these certificates.
(B) Any insurance carried
or to be carried by Tenant hereunder shall be primary over any policy
that might be carried by
Landlord. If Tenant shall fail to perform any of its obligations regarding
the
acquisition and
maintenance of insurance, Landlord may perform the same and the cost of same
shall be
deemed additional rent,
payable upon Landlordâs demand.