By Department Store Sample Clauses

By Department Store. Dillard, during the term of its Operating Covenant with respect to the Dillard Tract, and effective with the completion of construction of all the Buildings and all the other Improvements on the Condev Tract, and thereafter during the term of its Operating Covenant, shall continuously keep all the Buildings and all the other Improvements upon said Tracts insured, at its sole expense, against loss or damage by fire and such other risks as from time to time are included in extended coverage provisions of insurance policies issued in the locality of the Shopping Center. The aforesaid insurance shall include contractual liability coverage. Said insurance shall be in amounts at least sufficient to avoid the effects of coinsurance provisions of the policies, that is, not less than eighty percent (80%) of the actual replacement cost of said Buildings and Improvements, but excluding foundations, excavation costs, and the costs of underground flues, pipes and drains if such costs are properly excludable under current coinsurance requirements. The aforesaid insurance may have the Department Store's customary deductible provisions; provided, that the Department Store self-insures for such deductible amounts.
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