Agenda - 05-06-1998 - 9h - Laserfiche WebLink

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tarsiaacioa of this '.ease, Lessee will vacate and surrender possession of the Leased Premises to the Lessor in a good condition as the Leased ?remises were at the commencement or this lease, ordinary wear and tear excepted. 10. Insurance. Tenant's proportionate share of Landlord's cost of fire and extended coverage insurance, including rental loss insurance on the Center, shall be determined in the same manner as the additional rental pay- able far impositions. Such amount shall be payable yearly is advance within thirty (30) days nicer Landlord has rendered an invoice for the same to Tenant. • Lessee shall, at Lessee's expense, obtain and keep in full force during the term of this lease a Comprehensive Public Liability policy with limits of $300,000/$300,000 for personal injury or death and $100,000 for property damage. The Lessor shall be named as an additional insured in this policy. Lessee shall deliver said policy or a certificate of insurance to Lessor together with evidence of full payment of premiums. Lessor shall provide full Comprehensive Public Liability insurance for all common areas of the Building. To the extent permitted by law and to the extent provided for in insurance contracts owned by Lessee, Lessee shall indemnify and hold harmless Lessor f~ and against any and all claims arising from Lessee's use of the .premises, or from the conduct of lessee's business or from any activity, work or things done, permitted or suffered by Lessee in or about the premises or elsewhere. (Fire sad Casualty Insurance). Lessor shall provide fire and ex- tended coverage insurance on the Building sad the Leased Premises. Lessee . shall provide at its ovn cost sprinkler, fire and extended coverage in- surance on its ova property, furniture, fixtures and equipment, and on all plate glans and other glass of the leased premises; sad also on improvements and better meats made by it co the leased premises to the insurable value thereof. Onless the parties hereto then agree otherwise, the proceeds col- lected upon all such policies of insurance shall be used to repair sad/or replace the leased premises, improvements sad betterments so damaged or de- stroyed, and such repairs or replacements shall be prosecuted promptlq by both Lessor and Lessee with such insurance funds; sad is the event such funds are not adequate, rhea the deficiency shall be made up by Lessor as to the premises as leased and delivered co Lessee, and bq the Lessee as to all improvements sad bett'arments made by is to the leased premises, provided, however, nothing herein shall be construed co require Lessee co repair or replace the Leased Premises. In the event of the total destruction of the leased premises by fire or ocher casualty, this lease shall terminate as of the dace of such destruction, unless Lessor sad Lessee mutually agree co have the premises restored, during which restoration period Lessee shall be excused from Base Rental payment. La the sweat o2 partial destruction of the leased premises, render- ing them unsuitable for Lessee's business, the parties shall repaic and r-- store the leaned premises as quickly as practical and during such period of repair and restoration there shall be an abatement to Lessee of the Base Rant proportionate to the portion of the floor area of the leased premises rendered unsuitable for Lessee's business. 11. Tares. Tenant shall pay its propoctioaace snare of all assessments or charges (hereinafter sometimes called "impositions") paid or incurred by Landlord during each calendar year for public betterments or improvements, ad volorem taxes, real estate taxes, or any ocher tax or rents or real estate as such (other than income taxes thereon) from time to time directly or indirectly assessed or imposed upon the Cancer and/or the portion of the Land upon which is is situated, including all costs and fees paid or incur- red by Landlord in eoateacing, or in negotiating with the public auchoriCies as co the amount of such assessments, charges or taxes or the basis upon •ahich toe same aha1: he sssessed. Teaaat'_ prooorc'_onat: share ~c said _apo- s.t.ons saai: '_•e _~mpucac :v auit'_oi••_ag _ae ._tai sum ~c said =moosic:ons cor _he applicable period by a .-action, the zumer3t~c ~~ :+hi~h shat: •~e _.`.e :umber of guars __et ierai:be_ore M aces co 5e _he aporox~3ace aria ~c _.._