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LENNAR HOMES, INC. 1
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LENNAR HOMES, INC. 1
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Entry Properties
Last modified
1/3/2012 2:47:51 PM
Creation date
3/29/2005 2:54:38 PM
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Contracts
Company Name
Lennar Homes, Inc.
Contract #
A-2005-034
Agency
Community Development
Council Approval Date
2/22/2005
Expiration Date
2/22/2006
Destruction Year
2011
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<br />DO NOT RECORD <br /> <br />Section 4.04 Certificates of Insurance; Additional Insured Endorsements <br /> <br />Prior to execution ofthis Agreement, Tenant shall furnish to Landlord certificates of <br />insurance and additional insured endorsements to each of Tenant' s insurance policies, <br />subject to approval of the City Attorney, evidencing the foregoing insurance coverages as <br />required by this Agreement; these certificates shall: <br /> <br />1. provide the name and policy number of each carrier and policy; <br /> <br />2. shall state that the policy is currently in force; and <br /> <br />3. shall promise to provide that such policies will not be canceled, suspended, <br />voided, reduced in coverage or in limits, or modified without thirty (30) days <br />prior written notice of Landlord. <br /> <br />Tenant shall maintain the foregoing insurance coverages in force throughout the term of <br />this Agreement. The requirement for carrying the foregoing insurance coverages shall <br />not derogate from the provisions for indemnification of Landlord by Tenant under the <br />Agreement. Landlord or its representatives shall at all times have the right to demand the <br />original or a copy of all these policies of insurance, which Tenant shall provide within <br />fifteen (15) days of Landlord's request. <br /> <br />ARTICLE 5 - TERMINATION AND DEFAULT <br /> <br />Section 5.01 Termination in the Event of Casualty or Condemnation <br /> <br />(a) In the event of any damage, destruction or condemnation of the Premises, <br />which renders the Premises unusable or inoperable in Landlord's judgment, <br />Tenant shall have the right, but not the obligation, to terminate the <br />Agreement with respect to the subject Premises by giving written notice to <br />Landlord within thirty (30) days after such damage, destruction or <br />condemnation. If by virtue of such casualty or condemnation, Landlord <br />determines that the Premises is no longer adequate for Tenant to continue its <br />operations, or any repairs to the Premises have not been completed or cannot <br />reasonably be completed within sixty (60) days from the date of the damage, <br />destruction or condemnation. This Agreement will become null and void. <br /> <br />(b) In the event of condemnation, unless Tenant is allowed by the condemning <br />authority to continue its operations in the Premises, this Agreement shall <br />terminate as of the date title to the Property vests in the condemning <br />authority or Tenant is required to cease its operations, whichever is earlier. If <br />any property described herein or hereinafter added hereto is taken in eminent <br />domain, the entire award shall be paid to Landlord. <br /> <br />6 <br />
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