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Item 8-g - Assignment of Leasehold Interest to Chapel Hill Carrboro City Schools
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Item 8-g - Assignment of Leasehold Interest to Chapel Hill Carrboro City Schools
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10/16/2018
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Agenda
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8-g
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Agenda - 10-16-2018 Regular Board Meeting
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8 <br /> (b) The parties agree to amend the description of the Utility Easement granted in <br /> the Lease to reflect the utility easement shown as the "Utility Easement" in Exhibit A attached <br /> hereto and described as the "Utility Easement" by metes and bounds in Exhibit B attached <br /> hereto, and Landlord does hereby grant said easement for those uses provided for and in <br /> accordance with the terms of the Lease, including, without limitation, those terms provided for in <br /> Section 6 of the Lease. The description of the Utility Easement attached hereto as Exhibit A <br /> and Exhibit B shall replace the description of the Access Easement attached as Exhibit "E"to the <br /> Lease; provided, however, in the event the location(s) of any of Tenant's or its subtenants' or <br /> licensees' existing utilities routes are not depicted or described on Exhibit A or Exhibit B, <br /> Tenant's easement rights over such area(s) shall remain in full force and effect. <br /> 7. Section 8 of the Lease is deleted in its entirety and replaced with the following: <br /> 8. Insurance. Tenant shall, at its expense, maintain commercial <br /> general liability insurance with liability limits of not less than Three Million <br /> Dollars ($3,000,000) for injury to or death of one or more persons and for damage <br /> to or destruction of property in any one occurrence, which limits may be met by a <br /> combination of primary and excess or umbrella insurance. Landlord shall be <br /> named as an additional insured, as its interest may appear, and the policies shall <br /> contain cross liability provisions. Tenant may carry said insurance under a blanket <br /> policy. Insurance required hereunder shall be maintained by insurance companies <br /> rated A or better by A.M. Best Rating Services. Tenant shall deliver to Landlord, <br /> upon request, certificates evidencing the existence and amounts of such insurance. <br /> The policy shall provide thirty(30) days prior written notice of cancellation when <br /> the insurer cancels for any reason other than non-payment of premium to <br /> Landlord. Tenant shall have the right to fulfill its insurance obligation under this <br /> paragraph pursuant to self-insurance, provided that Tenant shall have satisfied all <br /> requirements of any applicable law, regulation or direction relating to self- <br /> insurance. If Tenant elects self-insurance, Tenant shall provide Landlord with a <br /> letter of self-insurance at any time within thirty(30) days after Landlord's request <br /> thereof. The letter of self-insurance shall describe the program which Tenant <br /> proposes to institute, which program shall establish coverage protection for <br /> Landlord in amounts not less than the limits hereinabove set forth. Landlord shall <br /> have the right to review and approve any proposed self-insurance program, with <br /> such review and approval not to be unreasonably withheld. <br /> 8. Section 22 of the Lease is amended by deleting Tenant's notice address and <br /> inserting the following: <br /> Tenant: Crown Castle GT Company LLC <br /> c/o Crown Castle USA Inc. <br /> General Counsel <br /> Attn: Legal-Real Estate Department <br /> 2000 Corporate Drive <br /> Canonsburg, Pennsylvania 15317-8564 <br /> Site Name: Culbreth <br /> BU: 814444 -3 - <br /> PPAB 4184478v2 <br />
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