Warehouse Legal / Bailee’s Legal Liability Sample Clauses

Warehouse Legal / Bailee’s Legal Liability. Motivate shall maintain Property Insurance providing coverage to property/equipment procured, owned or provided that is in Motivate’s care, custody, control. Coverage shall cover the City and State of Oregon’s interest in such property (if any) and provide coverage for perils of direct physical damage on an “all risks” basis, including but not limited to fire, theft, vandalism, flood and earthquake perils. Minimum limits to be $2,000,000 subject to the full replacement value of such property. Such property coverage shall extend to cover materials, equipment, labor, and profit during installation. Coverage shall include following terms/conditions: A. Shall be written for 100% of the replacement cost values. B. Deductible maximum $10,000 per occurrence. C. Name the City of Portland and State of Oregon as Additional Insureds to the extent of their interests and indemnification rights hereunder. D. Waiver of Subrogation in favor of the City of Portland.