Browse
Search
1996 NS Purchasing - Lease Approval 503 West Franklin Street
OrangeCountyNC
>
Board of County Commissioners
>
Contracts and Agreements
>
General Contracts and Agreements
>
1990's
>
1996
>
1996 NS Purchasing - Lease Approval 503 West Franklin Street
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
11/21/2013 4:44:38 PM
Creation date
10/17/2013 3:32:46 PM
Metadata
Fields
Template:
BOCC
Date
2/20/1996
Meeting Type
Regular Meeting
Document Type
Agreement
Agenda Item
IX-A
Document Relationships
Agenda - 02-20-1996 - IX-A
(Linked To)
Path:
\Board of County Commissioners\BOCC Agendas\1990's\1996\Agenda - 02-20-1996
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
10
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
9 <br /> 10. Insurance. Landlord shall provide Fire and Extended coverage insurance to the <br /> Premises. Contents will be insured by County or the agency to which contents belong. County shall <br /> also insure any improvements and betterments made by it to the Premises to the insurable value <br /> thereof. Unless the parties hereto then agree otherwise, the proceeds collected upon all such <br /> policies of insurance-shall be.used to repair and/or replace the Premises, improvements or <br /> betterments so damaged or destroyed, and such repairs or replacements shall be prosecuted <br /> promptly by both landlord and County with such insurance funds; and in the event such funds are <br /> not adequate, then the deficiency shall be made up by Landlord as to the premises as leased. <br /> In the event of the total destruction of the Premises by fire or other casualty, this lease shall <br /> terminate as of the date of such destruction, unless Landlord and County mutually agree to have the <br /> premises restored, during which restoration period County shall be excused from the rental payment. <br /> In the event of partial destruction of the Premises, rendering them unsuitable for County's <br /> business, the parties shall repair and restore the Premises as quickly as practical and during such <br /> period of repair and restoration there shall be an abatement to County of the rental amount <br /> proportionate to the portion of the floor area of the Premises rendered unsuitable for County's <br /> business. <br /> County shall maintain insurance, at it's sole expense, against claims for personal injury or <br /> property damage under a policy of general public liability insurance, with limits of no less than <br /> $1,000,000 for bodily injury and$100,000 for property damage. Such policies will name the Landlord <br /> as additional named insured under the policy and a certificate verifying coverage shall be issued to <br /> the Landlord within 10 days of execution of this lease. Certificate shall indicate that the policy will <br /> not be canceled without a minimum of 30 days prior written notice to Landlord. <br /> 11. Indemnity: County agrees to indemnify and save harmless to the extent permitted by <br /> the law and to the extent provided of by policies of insurance maintained by County, Landlord against <br /> and from any and all claims by or on behalf of any person, firm or corporation arising by reason of <br /> injury to person or damage to property occurring in the Premises occasioned in whole or in part by <br /> any act or omission on the part of County or an employee, agent, visitor, assign or undertenant of <br /> County or by reason of any unlawful use of the Premises or any breach, violation or nonperformance <br /> of any covenant in this lease on the part of Landlord to be observed or performed, and also for any <br /> matter or thing growing out of the occupancy or use of the Premises by County. <br />
The URL can be used to link to this page
Your browser does not support the video tag.