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Agenda - 06-01-1992
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Agenda - 06-01-1992
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BOCC
Date
6/1/1992
Meeting Type
Regular Meeting
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Agenda
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14 <br />A. Insurance covering Tenant's trade fixtures, furniture, furnishings, equipment, <br />betterments and improvements and other installations of Tenant, providing protection to the <br />extent of not less than eighty (80%) percent of the insurable value of the same against all <br />casualties included under standard insurance industry practices within the classification "Fire and <br />Extended Coverage, Vandalism and Malicious Mischief" and covering sprinkler leakage; <br />B. Plate glass insurance covering the plate glass in the Demised Premises; and <br />C. Insurance covering one hundred (100%) percent of Tenant's work as described in <br />Exhibit C against all casualties included under standard insurance industry practices within the <br />classification "Fire and Extended Coverage," and "Builders Risk Coverage," which insurance <br />shall be maintained until Tenant has opened for business. In no event shall Tenant cancel the <br />insurance provided for hereunder until notice to Landlord and Landlord has included such <br />Tenant's work under Landlord's insurance. <br />8.9 WAIVER QF 511BROGATION <br />Landlord and Tenant hereby grant to each other and on behalf of its insurers, a waiver <br />of any right of subrogation any such insurer of one party may have or acquire against the other <br />by virtue of payment of any loss under such insurance. Such waiver shall be effective so long <br />as each is empowered to grant such waiver under the terms of its insurance policy or policies <br />involved without payment of additional premium. Such waivers shall stand mutually terminated <br />as of the date either landlord or Tenant ceases to be so empowered. Landlord and Tenant agree <br />to provide each and every insurance company providing a policy or policies as may be required <br />herein with a copy of this lease or notice of this provision for waiver of subrogation. <br />ARTICLE IX <br />MAINTENANCE AND IMPROVEMENTS <br />9.1 LANDLORD'S MAINTENANCE <br />Landlord will keep the work done by Landlord and the roof and exterior walls of the <br />Demised Premises in proper repair, provided that in each case when known Tenant shall have <br />given Landlord prior written notice of the necessity of such repairs; and provided further, that <br />if any such repair is required by reason of the negligence of Tenant or any of its agents, <br />employees or customers, or other persons using the Demised Premises with Tenant's consent, <br />express or implied, or Tenant's failure to perform any of its obligations under this Section, <br />Landlord may at his option make such repair provided Tenant has been given 30 days written <br />notice and add the cost thereof to the first installment of Minimum Rent which shall thereafter <br />become due. <br />40 <br />
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