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Agenda Packet_2022-01-18
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Agenda Packet_2022-01-18
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1/18/2022
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14. ESTOPPEL CERTIFICATES: Landlord and Tenant shall, from time to time upon <br /> thirty (30) days' request by the other (but not to exceed more than three (3) times in any given <br /> calendar year), execute, acknowledge and deliver a statement, dated currently, certifying that this <br /> Lease is unmodified and in full, force and effect (or, if there have been modifications, that this <br /> Lease is in full effect as modified, and identifying such modifications) and the dates to which the <br /> Rent have been paid, and that no default exists in the observance of this Lease and no event of <br /> default has occurred and is continuing, or specifying each such default or event of default of which <br /> Landlord or Tenant may have knowledge, it being intended that any such statement may be relied <br /> upon by Landlord's or Tenant's Mortgagees, any prospective purchaser of the interest of Landlord <br /> or Tenant in their respective premises described herein. <br /> 15. LIABILITY INSURANCE: Throughout the Tenn or any Extension Period, <br /> Tenant shall maintain insurance as described below: <br /> a. Commercial General Liability Insurance: Commercial general liability <br /> insurance for injury to person (including death) or damage to property occurring within the <br /> building arising out of the use and occupancy thereof by Tenant, its licensees, employees, <br /> invitees, agents and customers. The amounts of insurance shall be not less than the following: <br /> single limit coverage applying to bodily and personal injury, including death resulting therefrom, <br /> and property damage, in the total amount of$2,000,000 per occurrence and $5,000,000 in the <br /> aggregate. Such insurance shall (a)name the City, its officers, employees, agents, volunteers <br /> and representatives as additional insured(s); (b)be primary and not contributory with respect to <br /> insurance or self-insurance programs maintained by the City; and(c) contain standard separation <br /> of insureds provisions. <br /> b. Business automobile liability insurance, or equivalent form, with a <br /> combined single limit of not less than $5,000,000 per occurrence. Such insurance shall include <br /> coverage for owned, hired and non-owned automobiles. <br /> C. Worker's Compensation Insurance. In accordance with the provisions of <br /> Section 3300 of the Labor Code, Tenant, if Tenant has any employees,is required to be insured <br /> against liability for worker's compensation or to undertake self-insurance. Prior to commencing <br /> the performance of the work under this Agreement, Tenant agrees to obtain and maintain any <br /> employer's liability insurance with limits not less than $1,000,000 per accident. <br /> d. Property Insurance. Tenant shall maintain not less than $1,000,000 Fire <br /> Legal liability on all real property being leased, including improvements and betterments owned <br /> by the Landlord, and shall name the Landlord as a loss payee. Tenant shall also provide fire <br /> insurance on all personal property contained within or on the leased premises. The policy must <br /> be written on an"all risks"basis, excluding earthquake and flood. The Tenant shall name the <br /> Landlord as additional insured. <br /> City Council 12 — 17 1/18/2022 <br />
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