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DO NOT RECORD <br />property damage, liability, of $3,000,000 per occurrence. The City also requires an <br />Additional Insured Endorsement, as attached and incorporated herein as Exhibit D. The <br />policy shall name Landlord, its agents, officers, employees and volunteers as Additional <br />Insureds, and shall specifically provide that any insurance coverage which may be <br />applicable to the Lease Area shall be deemed excess coverage and that Tenant's <br />insurance shall be primary. Under no circumstances shall the above - mentioned insurance <br />contain a "deductible" or any other similar form of limitation on the required coverage. <br />Tenant is required to give the Landlord no less than thirty (30) days notice of cancellation <br />or reduction in coverage. No cancellation provision in any insurance policy shall be <br />construed in derogation of the continuous duty of Tenant to furnish insurance during the <br />term of this Agreement. <br />Section 4.03 Property Insurance <br />Tenant shall provide to Landlord, before entering the Lease Area, and shall maintain in <br />force during the entire term of this Agreement, property insurance with extended <br />coverage endorsements thereon, on the Lease Area in an amount equal to the full <br />replacement cost and /or value thereof; this policy shall contain a replacement cost <br />endorsement naming Tenant as the insured and shall not contain a co- insurance penalty <br />provision. The policy shall contain a special endorsement that such proceeds shall be <br />used to repair or rebuild any such improvements so damaged or destroyed; and if not so <br />used, such proceeds shall be paid to Landlord. The proceeds of any such insurance <br />payable to Landlord shall be used for rebuilding or repair as necessary to restore the <br />Lease Area at the discretion of Landlord. The policy shall name Landlord as an <br />Additional Insured. <br />The policy or policies shall also contain the following endorsements: <br />The insurer will not cancel or reduce the insured's coverage without <br />thirty (30) days prior written notice to Landlord; and <br />2. Landlord will not be responsible for premiums or assessments on the <br />policy. <br />A complete and signed certificate of insurance with all endorsements required by this <br />Section shall be filed with Landlord prior to the execution of this Agreement. At least <br />thirty (30) days prior to the expiration of any such policy, a signed and complete <br />certification of insurance showing that coverage has been renewed, shall be filed with <br />Landlord. <br />Section 4.04 Certificates of Insurance; Additional Insured Endorsements <br />Prior to execution of this Agreement, Tenant shall furnish to Landlord certificates of <br />insurance and additional insured endorsements to each of Tenant's insurance policies, <br />subject to approval of the City Attorney, evidencing the foregoing insurance coverages as <br />required by this Agreement; these certificates shall: <br />