Agenda - 11-04-1985 - Laserfiche WebLink

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}t - . • 039 termination of this Lease, Lessee will vacate and surrender possession of the Leaned Premises to the Lessor in a good condition as the Leased Premises were at the commencement of this lease, ordinary wear ry and tear excepted. 4L 10. Insurance. Tenant's proportionate share of Landlord's coat of fire 7, and extended coverage insurance, including rental loss insurance on the Center, shall be determined in the same manner as the additional rental pay- able for impositions. Such amount shall be payable yearly in advance within thirty (30) days after Landlord has rendered an invoice for the same to Tenant. The Lessee hereby agrees to hold the Lessor harmless on account of any claims of any nature and kind'arising out of the use-and occupancy of - said property; and in this connection the Lessee agrees to carry at its own coat and expense, a Comprehensive Public Liability policy with limits of $300,000/$300,000 for personal injury or death and $100,000 for property damage and the Lessor is to be named as additional insured therein. Lessee shall deliver said policy or a certificate of insurance to Lessor together with evidence of full payment of hensive Public Liability insuraucerfouall cLommon areas of the dBuilding. mpre- (Fire and Casualty Insurance). Lessor shall provide fire and ex- tended coverage insurance on the Building and the Leased Premises. Lessee • shall provide at its own cost sprinkler, fire and extended coverage in- surance on its own property, furniture, fixtures and equipment, and on all plate glass and other glass of the leased premises; and also on improvements and betterments made by it to the leased premises to the insurable value thereof. Unless the parties hereto then agree otherwise, the proceeds col- i lected upon all such policies of insurance shall be used to repair and/or replace the leased premises, improvements and betterments so damaged or de- stroyed,` y by and such repairs or replacements shall be prosecuted pro tl b both Lessor and Lessee with such insurance funds; and in the event such funds are not adequate, then the deficiency shall be made up hy the premises as leased and delivered to Lessee, and by the Lesseeeasotoa all o improvements and betterments made by it to the leased premises, provided, however, nothing herein shall be construed to require Lessee to repair or replace the Leased Premises. . In the event of the total destruction of the leased premises by tr fire or other casualty, this lease shall terminate as of the date of such destruction, unless Lessor and Lessee mutually agree to have the premises restored, during which restoration period Lessee shall be excused from Base Rental payment. • In the event of partial destruction of the leased premises, render- ing them unsuitable for Lessee's business, the parties shall repair and re- ' • store the leased premises as quickly as practical and during such period of repair and restoration there shall be an abatement to Lessee of the Base Rent proportionate to the portion of the floor area of the leased premises rendered unsuitable for Lessee's business. 11. Taxes. Tenant shall pay its proportionate share 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 other 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 Center and/or the portion of the Land upon which it is situated, including all costs and fees paid or incur- red by Landlord in contesting, or in negotiating with the public authorities is to the amount of such assessments, shames or taxes or the basis upon which the same sua1: be assessed, 'enant's proportionate share of said =moo- sit ions shall be computed by multiplying the tacai sum of said Imoosit'ons far the appLicabie period by a f-action, tae numerator of which shat, be the oumber of square feet bereiabefore seated to be :he approximate area of the