Agenda - Council - 10/23/2018 - Laserfiche WebLink

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Landlord shall continue to maintain any utility service, if any, which is currently supplied to the Premises. The Tenant shall pay for the use of such utility services, if any, during the Tempi. 14. WAIVER AND INDEMNITY: 14.1 Notwithstanding anything apparently to the contrary in this Lease, Landlord and Tenant herby release one another and their respective partners, officers and employees and property manager from any and all liability (to the other or anyone claiming through or under them by way of subrogation or otherwise) for any loss or damage covered by property insurance or coverable by a customary fonai of policy of the insurance, even if such loss or damage shall have been caused by the fault or negligence of the other party, or anyone for whom such party may be responsible. 14.2 Tenant agrees to indemnify, defend and hold Landlord and its partners, officers and employees and property manager harmless from and against any claim, loss or expense arising out of injury, death or property loss or damage occurring in the Premises, except to the extent caused by the negligent act or intentional misconduct of Landlord or its partners, officers of employees or property manager. 15. INSURANCE: Tenant agrees to purchase, in advance, and to carry in full force and effect general liability insurance, providing coverage on an "occurrence" rather than a "claims made" basis, which policy shall include coverage for Bodily Injury, Property Damage, personal : Injury, Contractual Liability (applying to this Lease), and Independent Contractors, in current Insurance Services Office form or other form which provides coverage at least as broad. Tenant shall maintain a combined policy limit of at least $1,000.000.00applying to Bodily Injury, Property Damage and Personal Injury, which limit maybe satisfied by Tenant's basic policy, or by the basic policy in combination with umbrella excess policies so long as the coverage is at least as broad as that required herein. Such liability, umbrella and/or excess policies may be subject to aggregate limits so long as the aggregate limits have not at any pertinent time been reduced to less than the policy limit stated above, and provided further that any umbrella or excess policy provides coverage from the point that such. aggregate limits in the basic policy become reduced or exhausted. The tenant shall provide an insurance certificate naming the City of Ramsey as an additional insured. The City of Ramsey shall receive a written notice of insurance termination 30 days prior to cancellation. If the above insurance policy ceases to be available, or is available on . terms so unacceptable that prudent landlords or tenants, as 'the case may be, generally do not carry such insurance, then in lieu of such insurance the pertinent party may carry the most comparable insurance which is available and generally carried by prudent parties. 16. DEFAULT: 16.1 Any one of the following events shall constitute an Event of Default: 8