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Agenda - Council - 06/09/2009 - Special
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Agenda - Council - 06/09/2009 - Special
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3/18/2025 4:00:31 PM
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6/4/2009 1:08:59 PM
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Meetings
Meeting Document Type
Agenda
Meeting Type
Council
Document Title
Special
Document Date
06/09/2009
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<br />9.2 General Liability and Related Insurance. Commercial general liability <br />insurance, providing coverage on an "occurrence" rather than a "claims made" basis, which <br />policy shall include coverage for Bodily Injury, Property Damage, Personal Injury, Contractual <br />Liability (applying to this Lease), and Independent Contractors, in current Insurance Services <br />Office form or other form which provides coverage at least as broad. Tenant shall maintain a <br />combined policy limit of at least $2,000,000.00 applying to Bodily Injury, Property Damage and <br />Personal Injury, which limit may be satisfied by Tenant's basic policy, or by the basic policy in <br />combination with umbrella or excess policies so long as the coverage is at least as broad as that <br />required herein. Such liability, umbrellas and/or excess policies may be subject to aggregate <br />limits so long as the aggregate limits have not at any pertinent time been reduced to less than the <br />policy limit stated above, and provided further that any umbrella or excess policy provides <br />coverage from the point that such aggregate limits in the basic policy become reduced or <br />exhausted. Landlord shall be named as additional insured under all such policies. <br /> <br />9.3 On or before the Commencement Date, Tenant shall deliver to Landlord evidence <br />that the insurance required by this Lease is in full force and effect. at least ten (10) days prior to <br />expiration of any such coverage, Tenant shall deliver evidence that the coverage in question will <br />be renewed or replaced upon expiration. Such evidence of insurance shall be in writing signed <br />by a party authorized to bind the insurer, authorize Landlord to rely thereon, and shall contain <br />sufficient information to enable Landlord to determine whether Tenant's insurance complies <br />with the requirements of this Lease. Upon request, Tenant shall also furnish insurer-certified <br />copies of all pertinent policies. All policies used to provide the coverage required by this Lease <br />shall (i) be endorsed to require the insurer to provide at least ten (10) days notice to Landlord <br />prior to cancellation or non-renewal, and (ii) be issued by financially sound companies having all <br />A.M. Best Company rating of at least A:VII. Tenant may not maintain any insurance concurrent <br />in form or contributing in the event of loss with that required by Section 9.2 unless Landlord is <br />named therein as additional insured as provided in Section 9.2. <br /> <br />10. SUBROGATION WAIVER <br /> <br />Notwithstanding any other provision in this Lease to the contrary, Landlord and Tenant <br />hereby release each other from any and all liability or responsibility to the other or anyone <br />claiming through or under them by way of subrogation or otherwise for any loss or damage to <br />person or property where and to the extent such loss or danlage is insured against under any <br />insurance policy, even if such loss or damage shall have been caused by the fault or negligence <br />of the other party, or anyone for whom such party may be responsible. If necessary to cause the <br />insurer to effectively waive its subrogation rights, Landlord and Tenant each agree that its <br />insurance policies will include such a clause or endorsement so long as the same shall be <br />available without cost. In the event such a provision is not available without cost, the released <br />party shall pay the cost thereof to the releasing party. <br /> <br />11. LANDLORD'S RIGHT OF ENTRY <br /> <br />11.1 For Inspection. Upon twenty-four (24) hours notice to the Tenant, Landlord and <br />Landlord's agents and representatives shall have the right to enter into or upon the Leased <br />Premises, or any part thereof at all reasonable hours for the purpose of examining the same. <br /> <br />7 <br />
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