eTrade 2000 Annual Report Download - page 121

5.7. Personal Property Taxes. Tenant shall pay or cause to be paid, not less than ten (10) days prior to delinquency, any and all
taxes and assessments levied upon all of Tenant’ s trade fixtures, inventories and other personal property in, on or about the Premises.
When possible, Tenant shall cause Tenant’ s personal property to be assessed and billed separately from the real or personal property
of Landlord.
5.8. Taxes on Tenant Improvements. Notwithstanding any other provision hereof, Tenant shall pay to Landlord the full amount of
any increase in Impositions during the Term resulting from any and all alterations and tenant improvements of any kind whatsoever
placed in, on or about or made to the Premises, Building, Phase or Project for the benefit of, at the request of, or by Tenant.
6. INSURANCE
6.1. Landlord. Landlord shall maintain “Special Form” property insurance (or its equivalent if “Special Form” property insurance is
not available) including vandalism and malicious mischief coverage for the full replacement cost of the Building (but excluding any
equipment, fixtures, alterations, improvements, additions or personal property of Tenant or any alterations, additions or improvements
made by or at the request of Tenant to the
Premises, other than those tenant improvements owned by Landlord). Such property insurance shall include endorsements for sprinkler
leakage, inflation, building ordinance coverage and such other endorsements as selected by Landlord, together with rental value
insurance against loss of Rent for a period of twelve (12) months commencing on the date of loss. Landlord may also carry such other
insurance as Landlord may deem prudent or advisable, including, without limitation, liability insurance and hazardous materials,
earthquake/volcanic action, flood and/or surface water, boiler and machinery comprehensive coverages in such amounts, with such
deductibles and upon such terms as Landlord shall determine. Upon Tenant’ s written request, Landlord shall deliver to Tenant
certificates evidencing the coverage required under this Section 6.1. Landlord, either directly or through its agent, may maintain any of
the insurance required to be maintained by Landlord pursuant to this Section 6.1 under on e or more “blanket policies”, insuring other
parties and/or other locations, so long as the amounts and coverages required under this Section 6.1 are not diminished as a result
thereof.
6.2. Tenant. Tenant shall, at Tenant’ s expense, obtain and keep in force at all times the following insurance:
(a) Commercial General Liability Insurance (Occurrence Form) . A policy of commercial general liability insurance (occurrence form)
having a combined single limit of not less than, providing coverage for, among other things, blanket contractual liability, premises,
products/completed operations and personal and advertising injury coverage;
(b) Automobile Liability Insurance . Comprehensive automobile liability insurance having a combined single limit of not less than Five
Million Dollars ($5,000,000.00) per occurrence, and insuring Tenant against liability for claims arising out of ownership, maintenance
or use of any owned, hired, borrowed or non-owned automobiles;
(c) Workers’ Compensation and Employer’ s Liability Insurance . Workers’ compensation insurance having limits not less than those
required by state statute and federal statute, if applicable, and covering all persons employed by Tenant in the conduct of its operations
on the Premises (including the all states endorsement and, if applicable, the volunteers endorsement), together with employer’ s liability
insurance coverage in the amount of at least Five Million Dollars ($5,000,000.00);
(d) Property Insurance . “Special Form” property insurance (or its equivalent if “Special Form” property insurance is not available),
including vandalism and malicious mischief, boiler and machinery comprehensive form, if applicable, and endorsement for earthquake
sprinkler damage, each covering damage to or loss of Tenant’ s personal property, fixtures and equipment, including electronic data
processing equipment (“EDP Equipment”), media and extra expense, and all alterations, additions and improvements made by or at the
request of Tenant to the Premises other than those tenant improvements owned by Landlord. EDP Equipment, media and extra expense
shall be covered for perils insured against in the so-called “EDP Form”. If the property of Tenant’ s invitees is to be kept in the
Premises, warehouser’ s legal liability or bailee customers insur ance for the full replacement cost of such property;
(e) Business Insurance . Business insurance in an amount not less than the annual Base Rent and Additional Rent payable by Tenant
hereunder for the then current calendar year, and
(f) Additional Insurance . Any such other insurance as Landlord or Landlord’ s lender may reasonably require.
6.3. General.
(a) Insurance Companies . Insurance required to be maintained by Tenant shall be written by companies licensed to do business in
California and having a “General Policyholders Rating” of at least A:X or better (or such higher rating as may be required by a lender
2002. EDGAR Online, Inc.