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Ztyiy- ^1t�V -J, itl tNCUnn ANll ouNl71 <br />*J4'1.;4 ,. <br />12 <br />insurance on One Wpst Franklin Building (the ^premium" ). Lessee's <br />prorates share shall be computed by multiplying the total premium by <br />the number of days during the calendar year this lease is in effect <br />by 3.671. <br />Lessee's failure to make a prompt remittance of its prorate <br />share of such taxes an or before December 15 shall constitute a <br />material breach of this Agreement and an event of default <br />hereunder. <br />(2) ia n u a c . Lessee shall maintain and keep <br />in force at its own and sole expense a contract of insurance <br />Protecting Lessee and Lessor against any 1059, claim or judgment <br />arising out of any event of public liability. Such contract of <br />insurance shall be purchased from an insurance company licensed by' <br />the North Carolina Department of insurance to do business in North <br />Carolina and shall have the following minimum limits: bodily <br />injury • $loo 1000.00/$300,000.00; property damage - $100,000.00. <br />Any such policy shall show Lessor as a cO- insured. upon reasonable <br />request, Lessee shall furnish Lessor satisfactory proof that such <br />a policy is in full farce and effect. <br />(3) Fire.and <br />M A <br />b s. Lessee shall carry fire and miscellaneous <br />hazard insurance on itrs improvements to the Premises as well as its <br />trade fixtures, betterments and contents, and it shall furnish a <br />Policy which shall be satisfactory to Lessor in amount and <br />coverage, and written on a company acceptable to Lessor. Lessor <br />shall not withhold its consent unreasonably. Any such policy <br />-10- <br />IM <br />