Common use of Insurance Amounts Clause in Contracts

Insurance Amounts. Sellers' comprehensive General Liability Insurance shall be in an amount not less than $1,000,000 for property damage, injuries, including accidental death, to any one person and subject to the same limit for each person, and in an amount not less than $1,000,000 for one occurrence. Sellers shall also obtain and maintain Excess Umbrella Liability Insurance in an amount of at least $1,000,000 for each occurrence and aggregate. Sellers shall be required to maintain the above coverages for the period of time extending throughout the Lease Period.