Agenda - Council - 09/25/2007 - Laserfiche WebLink

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(c) Automobile Liability. T-Mobile must carry Automobile Liability coverage. Coverage shall afford total liability limits for Bodily Injury Liability and Property Damage Liability in the amount of $1,000,000.00 per accident. The liability limits may be afforded under the Commercial Policy, or in combination with an Umbrella or Excess Liability Policy provided coverages afforded by the Umbrella Excess Policy are no less than the underlying Commercial Auto Liability coverage. Coverage shall be provided for Bodily Injury and Property Damage for the ownership, use, maintenance or operation of all owned, non"-owned and hired automobiles. The Commercial Automobile Policy shall include at least statutory personal injury protection, uninsured motorists and underinsured motorists coverages. (d) T-Mobile Property Insurance~ T -Mobile must keep in force during the initial term and any renewals of this Agreement a policy coverage for damages to its property at the Premises. The amount of coverage shall be sufficient to replace the damaged property, loss of use and comply with any ordinance or law requirements. (e) Hazardous Materials Coverage. T -Mobile must carry sufficient coverage, to the reasonable satisfaction of Owner, for damage caused by Hazardous Materials.. (f) Adiustment to Insurance Coverage Limits. The coverage limits set forth herein shall be increased at the time of any Renewal Termby the greater of the Consumer Price Index as calculated under paragraph 3(a) or 25%. (g) Additional Insured _ Certificate of Insurance. T-Mobile shall provide, prior to tenancy, evidence of the required insurance in the form of a Certificate of Insurance issued by a company (rate A+ or better) by Best Insurance Guide, licensed to do business in the state of Minnesota, which includes all coverages required in this . paragraph 13. T-Mobile will name Owner as an Additional Insured on the General Liability and Commercial Automobile Liability Policies. The Certificate(s) shall also provide the coverage may not be cancelled, non-renewed, or materially changed without thirty (30) days prior written notice to Owner. 14. CONDITION OF PROPERTY. The Property is public park property, except as other- wise provided in this Agreement, Owner makes no representation as to whether or not the Property and all improvements thereto, including the proposed use of the Property by T- Mobile pursuant to this Agreement, are in compliance with all building, life/safety, and other laws of any governmental or quasi-governmental authority. 15. TERMINATION a. Events of Termination. Except as otherwise provided herein, this Lease may be terminated as follows: 1. By either party upon a default of any covenant or term hereof by the other party, which default is not cured within sixty (60) days of receipt of written 5 -243-