OCIP. Landlord acknowledges that Tenant, in connection with Tenant’s construction of the Resort, has established an Owner Controlled Insurance Program (“OCIP”). Landlord agrees that Tenant may satisfy all or any portion of Tenant’s insurance obligations by virtue of Tenant’s utilization of the OCIP while the same shall be in force and effect; provided that the OCIP shall, at a minimum, satisfy the required coverages.
Appears in 3 contracts
Sources: Surface Lot Ground Lease (Marina District Development Company, LLC), Expansion Ground Lease Agreement (Marina District Development Company, LLC), Ground Lease Agreement (Marina District Development Company, LLC)