8x8 2016 Annual Report Download - page 117

11.5BlanketCoverage.AnyinsurancerequiredofTenantpursuanttothisLeasemaybeprovidedbymeansofaso-called"blanketpolicy",so
longas(i)thePremisesarespecificallycovered(byrider,endorsementorotherwise),(ii)thelimitsofthepolicyareapplicableona"perlocation"
basistothePremisesandprovideforrestorationoftheaggregatelimits,and(iii)thepolicyotherwisecomplieswiththeprovisionsofthisLease.
11.6IncreasedCoverage.Upondemand,TenantshallprovideLandlord,atTenant'sexpense,withsuchincreasedamountofexistinginsurance,
andsuchotherinsuranceasLandlordortheMortgageesmayreasonablyrequire.
11.7 SufficiencyofCoverage.NeitherLandlordnoranyof Landlord'sAgents makesany representationthatthetypesofinsuranceand limits
specified to be carried by Tenant under this Lease are adequate to protect Tenant. If Tenant believes that any such insurance coverage is
insufficient,Tenantshall provide, atits own expense,such additional insuranceas Tenant deemsadequate.Nothing containedhereinshalllimit
Tenant's liability under this Lease, and Tenant's liability under any provision of this Lease, including, without limitation, under any indemnity
provisions,shallnotbelimitedtotheamountofanyinsuranceobtained.
11.8  InsuranceRequirements .Tenant's insurance (i) shall bein a form reasonablysatisfactory to Landlord and theMortgagees and shall be
carried with companies that have a "Best Key Rating Guide" rating of A/VII or better and that are determined by Landlord, in its reasonable
discretion,asfinanciallysoundonacurrentbasis,(ii)shallprovidethatsuchpoliciesshallnotbesubjecttomaterialalterationorcancellationexcept
after at least thirty (30) days prior written Notice to Landlord (provided that if such insurer is unwilling or unable in accordance with industry
standards toprovide Landlord such prior Notice, then Tenant shall provide Landlord such Notice), and (iii) shall be primary, and any insurance
carriedbyLandlordorLandlord'sAgentsshallbeexcessandnoncontributing.Tenant'spolicyorpolicies,ordulyexecutedcertificatesforthemin
the form and content acceptable to Landlord, shall be deposited with Landlord concurrently with Tenant's execution of this Lease, and prior to
renewalofsuchpolicies.IfTenantfailstoprocureandmaintaintheinsurancerequiredtobeprocuredbyTenantunderthisLease,Landlordmay,
but shall not be required to, order such insurance at Tenant's expense. All sums reasonably disbursed, deposited or incurred by Landlord in
connectiontherewith,including,butnotlimitedto,allcosts,expensesandactualattorneys'fees,shallbedueandpayablebyTenanttoLandlord,as
anitemofAdditionalRent,ondemandbyLandlord,togetherwithinterestthereonattheApplicableRatefromthedateofsuchdemanduntilpaidby
Tenant.
11.9ImpoundFunds.IfrequestedbyanyMortgageestowhomLandlordhasgrantedasecurityinterestinthePremises,orifanyEventofDefault
occursunderthisLease,Tenantshall,atLandlord'selection,payLandlord,concurrentlywitheachpaymentofMonthlyRent,asumequaltoone-
twelfth(1/12)oftheannualinsurancepremiumspayablebyTenantforallinsurancewhichTenantisrequiredtoobtainpursuanttothisArticleXI.
Suchsums(the"ImpoundFunds")shallbeheldbyLandlordandappliedtothepaymentofsuchinsurancepremiumswhendue;provided,however,
LandlordshallnotberequiredtokeeptheImpoundFundsseparatefromotherfunds,TenantshallnotbeentitledtointerestontheImpoundFunds
andnotrustrelationshipshallbecreatedwithrespecttotheImpoundFunds.TheamountoftheImpoundFundswhenunknownshallbereasonably
estimated by Landlord. If the Impound Funds paid to Landlord by Tenant under this Section 11.9 are insufficient todischarge the obligations of
Tenant to pay such insurance premiums as the same become due, Tenant shall pay to Landlord, within ten (10) days after Landlord's written
request therefor, such additionalsums necessary to pay such obligations. If an Event of Default has occurred, any balance remaining from the
ImpoundFundsmay,attheoptionofLandlord,beappliedtoanyobligationthendueunderthisLeaseinlieuof beingappliedtothepaymentof
insurancepremiums.TheunusedportionoftheImpoundFunds,ifany,shallbereturnedtoTenantwithinthirty(30)daysoftheexpirationofthis
LeaseoranyterminationofthisLeasenotresultingfromanEventofDefault,providedthatTenanthasvacatedthePremisesinthemannerrequired
bythisLease.
11.10Landlord'sDisclaimer.NotwithstandinganyotherprovisionsofthisLease,andtothefullestextentpermittedbyApplicableLaw,Landlord
and Landlord's Agents shall not be liable for any loss or damage to persons or property resulting from theft, vandalism, fire, explosion, falling
materials,glass,tileorsheetrock,steam,gas,electricity,waterorrainwhichmayleakfromanypartofthePremises,orfromthepipes,appliances
orplumbingworksthereinorfromtheroof,streetorsubsurface,orfromactsofGodorfromanyothercausewhatsoever,unlesscausedbyordue
to the sole gross negligence or willful misconduct of Landlord (provided, however, in no event shall Landlord be liable for any consequential
damages,opportunitycostsorlostprofitsincurredorsufferedbyTenant).LandlordandLandlord'sAgentsshallnotbeliableforinterferencewith
lightorair,orforanylatentdefectinthePremisesexceptasotherwiseexpresslyprovidedinthisLease.TenantshallgivepromptNoticetoLandlord
incaseofacasualty,accidentorrepairneededtothePremises.
11.11WaiverofSubrogation.Landlord,excepttotheextentTenant'sinsurancecoverslosstoLandlordplusTenant'sobligationswithrespectto
maintenanceandrepairandpaymentofinsurancedeductibleshereunder,
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