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8.4 Lessee's Property; Business Interruption Insurance; Worker's Compensation insurance. <br />(a) Property Damage. Lessee shall obtain and maintain insurance coverage on all of Lessee's personal <br />property, Trade Fixtures, and Lessee Owned Alterations and Utility Installations. Such insurance shall be full replacement cost coverage <br />with a deductible of not to exceed $1,000 per occurrence. The proceeds from any such insurance shall be used by Lessee for die <br />replacement of personal property, Trade Fixtures and Lessee Owned Alterations and Utility Installations. <br />by -prudent -lessees in the basince or atEr �}table to }xeveut cin cam; t9 �:.:isos asa result of suslreer+ls <br />requrree-i'>'-rxragr-apa-x-o: <br />(d) No Representation of Adequate Coverage. Lessor makes no representation that the limits or fours <br />of coverage of insurance specified herein are adequate to cover Lessee's property, business operations or obligations tinder this Lease. <br />8.5 Insurance Policies, Insurance required herein shall be by companies maintaining during the policy term a "General <br />Policyholders Rating" of at least A- VII, as set forth in the most current issue of "Best's Insurance Guide", or such other rating as may <br />be required by a Lender. Lessee shall not do or permit to be done anything which invalidates the required insurance policies. Lessee <br />shall, prior to the Start Date, deliver to Lessor certified copies of policies of such insurance or certificates with copies of the required <br />endorsements evidencing the existence and amounts of the required insurance. No such policy shall be cancelable or subject to <br />modification except after 30 days prior written notice to Lessor. Lessee shall, at least 10 days prior to the expiration of such policies, <br />furnish Lessor with evidence of renewals or 'insurance binders" evidencing renewal thereof, or Lessor may order such insurance and <br />charge the cost thereof to Lessee, which amount shall be payable by Lessee to Lessor upon demand. Such policies shall be for a term of <br />at least one year, or the length of the remaining term of this Lease, whichever is less. if either Party shall fail to procure and maintain <br />the insurance required to be carried by it, the other Party may, but shall not be required to, procure and maintain the same. <br />8.6 Waiver of Subrogation. Without affecting any other rights or remedies, Lessee and Lessor each hereby release and <br />relieve the other, and waive their entire right to recover damages against the other, for loss of or damage to its property arising out of or <br />incident to the perils required to be insured against herein. The effect of such releases and waivers is not limited by the amount of <br />insurance carried or required, or by any deductibles applicable hereto. The Parties agree to have their respective property damage <br />insurance carriers waive any right to subrogation that such companies may have against Lessor or Lessee, as the case may be, so long <br />as the insurance is not invalidated thereby. <br />8.7 Indemnity. Except for Lessor's gross negligence or willful misconduct, Lessee shall indemnify, protect, defend and <br />hold harmless the Premises, Lessor and its agents, Lessor's master or ground lessor, property manager, partners and Lenders, from and <br />against any and all claims, loss of rents and/or damages, liens, judgments, penalties, attorneys' and consultants' fees, expenses and/or <br />liabilities arising out of, involving, or in connection with, the use and/or occupancy of the Premises by Lessee. If any action or proceeding <br />is brought against Lessor by reason of any of the foregoing matters, Lessee shall upon notice defend the same at Lessee's expense by <br />counsel reasonably satisfactory to Lessor and Lessor shall cooperate with Lessee in such defense. Lessor need not have first paid any <br />such claim in order to be defended or indemnified. <br />8.8 Exemption of Lessor and its Agents from Liability. Notwithstanding the negligence or breach of this Lease by <br />Lessor or its agents, neither Lessor nor its agents shall be liable under any circumstances for: (i) injury or damage to the person or <br />goods, wares, merchandise or other property of Lessee, Lessee's employees, contractors, invitees, customers, or ally other person in or <br />about tine Premises, whether such damage or injury is caused by or results from fire, steam, electricity, gas, water or rain, 'indoor air <br />quality, the presence of mold or from the breakage, leakage, obstruction or other defects of pipes, fire sprinklers, wires, appliances, <br />plumbing, HVAC or lighting fixtures, or from any other cause, whether the said injury or damage results from conditions arising upon <br />the Premises or upon other portions of the building of which the Premises are a part, or from other sources or places, (ii) any damages <br />arising from any act or neglect of any other Lessee of Lessor or from the failure of Lessor or its agents to enforce the provisions of any <br />other lease in the Shopping Center, or (iii) injury to Lessee's business or for any loss of income or profit therefrom. Instead, it is intended <br />that Lessee's sole recourse in the event of such damages or injury be to File a claim on the insurance policy(ics) that Lessee is required <br />to maintain pursuant to the provisions of Paragraph 8, <br />9. Damage or Destruction, <br />9.1 Definitions. <br />(a) "Premises Partial Damage" shall mean damage or destruction to the improvements oil the <br />Premises, other than Lessee Owned Alterations and Utility Installations, which can reasonably be repaired in 6 months or less front the <br />date of the damage or destruction, and the cost thereof does not exceed a sum equal to 6 month's Base Rent. Lessor shall notify Lessee <br />in writing within 30 days from the date of the damage or destruction as to whether or not the damage is Partial or Total, <br />(b) "Premises Total Destruction" shall mean damage or destruction to the improvement's on the <br />Premises, other than Lessee Owned Alterations and Utility Installations and 'Trade Fixtures, which cannot reasonably be repaired in 6 <br />25A-13 <br />