All leases include a provision requiring Tenants to have public liability, fire and extended coverage insurance for all Tenant belongings located in the Tenant’s premises.
Tenant must also maintain general liability and property damage insurance designating the following as “Additional Insured”:
- PGREF I 1633 Broadway Tower, L.P.
- PGREF I 1633 Broadway Land, L.P.
- PGREF I 1633 Paramount Plaza L.P.
- PGREF I Paramount Plaza Holding GP,LLC
- PGREF I Paramount Plaza GP, LLC
- Paramount Group, Inc.
- Paramount Group Operating Partnership L.P.
- Paramount Group Management GP LLC
The Certificate of Insurance must also contain agreements by each insurance company providing coverage that such coverage will not be materially changed or canceled with not less than thirty (30) days prior written notice to Paramount Group, Inc.