Common use of COMMON AREA INSURANCE Clause in Contracts

COMMON AREA INSURANCE. (a) As part of its obligation to maintain the Common Area within the Center except those portions designated Exclusive Use Areas, the Association shall at all times maintain in force and effect commercial or comprehensive general liability insurance insuring the Association and, as additional insureds, all Owners and Eligible Occupants who now or hereafter own or hold any Parcel or any qualifying leasehold estate (I.E., qualifying the lessee thereunder to be an Eligible Occupant) or other interest therein as their respective interests may appear (provided that the Association is given prior written notice of such interest), against claims for bodily injury, personal injury, death or property damage occurring in, upon or about the Common Area. Such insurance shall be written with an insurer licensed to do business in the State of California. All such insurance shall be primary coverage, endorsed to name as additional insureds all Owners and Eligible Occupants under leases of which the Association has been notified in writing, and shall not require that any other insurance be called upon to contribute to a loss under such coverage, and shall have liability limits of not less than Three Million Dollars ($3,000,000) combined single limit coverage for bodily injury, personal injury, death and/or property damage arising out of any single occurrence, which amount shall be reviewed annually and changed to reflect the current practice in mixed use commercial centers in San Diego County, California which are of a similar size and which have a similar mix of Occupants. The Association shall cause certificates of insurance to be issued by the insurer to each of the Owners and Eligible Occupants of whom the Association has been notified in writing, certifying that such insurance is in full force and effect and shall not be canceled or materially amended without thirty (30) days prior written notice thereof to each of such Owners and Eligible Occupants. EXHIBIT F -40- PEREGRINE SYSTEMS CORPORATE CENTER [Peregrine Systems]