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<br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> insurance on Buildings and improvements <br /> #7.01. At all times during the term of this sublease <br /> Sublessee shall keep all buildings and other improvements located <br /> or being constructed on the subleased premises insured against loss <br /> or damage by fire, with extended coverage endorsement of its <br /> equivalent. This insurance shall be carried by insurance companies <br /> authorized to transact business in Texas, selected by Sublessee and <br /> approved by Sublessor and the City of Paris, whose approval shall <br /> not be unreasonably withheld. The insurance shall be paid for by <br /> Sublessee and shall be in amounts not less than the replacement <br /> costs of the buildings and other improvements. Such policy or <br /> policies of insurance shall name Sublessor, Sublessee and the City <br /> of Paris as a named insured. <br /> Liability Insurance <br /> 47.02. At all times during the term of this sublease, <br /> Sublessee shall provide and keep in force during the term of this <br /> sublease, liability insurance covering Sublessor, the City of Paris <br /> and Sublessee for liability for property damage and personal <br /> injury. This insurance shall be carried by one or more insurance <br /> companies duly authorized to transact business in Texas, selected <br /> by Sublessee and approved by Sublessor, and shall name Sublessee, <br /> Sublessor and the City of Paris as named insured; and shall be paid. <br /> for by Sublessee. The -insurance provided pursuant to this section <br /> shall be in the amount of not less than $1, 000, 000 combined single <br /> limit policy for personal injury and property damage, or in the <br /> amount required by the Texas Torts Claims Act as applied to cities, <br /> whichever is greater. This insurance shall protect Sublessor, the <br /> City of Paris and Sublessee against liability to any employees or <br /> servants of Sublessee and to any other person or persons whose <br /> property damage or personal injury arises out of or in connection <br /> with the occupation, use, or condition of the leased premises. <br /> Construction Liability Insurance <br /> 17.03. Sublessee agrees to obtain and maintain (to the extent <br /> reasonably procurable) construction liability insurance at all <br /> times when demolition, excavation, or construction work is in <br /> progress on the premises. This insurance shall be carried by <br /> insurance companies authorized to transact business in the State of <br /> Texas, selected by Sublessee and approved by Sublessor and the City <br /> of Pars, c.nd shall to paid for by Sublessee. The _nsurancc shall <br /> have limit cf not less than $1,000,000 coM ned single limit <br /> 9 <br /> <br /> <br /> <br /> <br /> <br /> 96 <br />