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Agenda Packets - 1999/01/11
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Agenda Packets - 1999/01/11
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Last modified
1/28/2025 4:45:54 PM
Creation date
6/14/2018 6:13:53 AM
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MV Commission Documents
Commission Name
City Council
Commission Doc Type
Agenda Packets
MEETINGDATE
1/11/1999
Supplemental fields
City Council Document Type
City Council Packets
Date
1/11/1999
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• <br /> 9.2 INDEMNIFICATION. Except for claims arising out of the willful or negligent <br /> act of the other party or its representatives, each party shall indemnify and defend the other party <br /> against all claims, expenses and liabilities incurred, including reasonable attorneys' fees, in <br /> connection with loss of life,personal injury, and/or damage to property arising out of any <br /> occurrence in, upon or at the Demised Premises, or the occupancy or use thereof by said party, or <br /> occasioned wholly or in part by any act or omission of said party, its agents, employees, <br /> contractors, sublessee, concessionaires or licensees. <br /> ARTICLE X-DESTRUCTION AND RESTORATION <br /> 10.1 DAMAGED. If a significant portion of the Demised Premises shall be damaged <br /> or damaged by any uninsured casualty, Landlord shall have the option to rebuild or to terminate <br /> this lease by exercise of notice to Tenant given not more than 6 months from the date of such <br /> damage. <br /> • <br /> 10.2 TENANT'S INSURANCE COVERAGE. Tenant shall carry insurance against <br /> fire and such other risks as are from time to time included in standard extended coverage <br /> insurance for the full insurable value of the Demised Premises. Tenant shall also carry said <br /> insurance for the full insurable value of Tenant's merchandise,trade fixtures, furnishings, wall <br /> covering, carpeting, drapes, equipment and all other items of personal property of Tenant located <br /> on or within the Demised premises. Any insurance policies required to be carried pursuant to <br /> this paragraph shall name Landlord as an additional insured, and Tenant shall furnish Landlord <br /> evidence of such insurance coverage. Such insurance policies may not be modified or terminated <br /> without thirty(30) days advance notice to Landlord. <br /> 10.3 INDEMNIFICATION. Each party hereto ("Releasing Party") hereby releases <br /> the other("Released Party") from any liability which the Released Party would,but for this <br /> paragraph,have had to the Releasing Party arising out of or in connection with any accident or <br /> occurrence or casualty: <br /> (a) Which is or would be covered by a fire and extended coverage policy (with <br /> vandalism and malicious mischief endorsement attached) or by a sprinkler leakage <br /> or water damage policy in the state in which the Demised Premises is located <br /> regardless of whether or not such coverage is being carried by the Releasing party, <br /> and <br /> (b) to the extent of recovery under any other casualty or property damage insurance <br /> being carried by the releasing Party at the time of such accident or occurrence or <br /> casualty,which accident of occurrence or casualty may have resulted in whole or <br /> in part from the act of neglect of the Released Party, its officers, agents or <br /> employees,provided, however,the release hereinabove set forth shall become <br /> inoperative and null and void if the Releasing Party contracts for the insurance <br /> required to be carried under the terms of this Lease with an insurance company <br /> which: <br /> Page 7 DRAFT-- 12/15/98--CHS Lease agreement <br />
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