Orange County NC Website
Anything in this Lease to the contrary notwithstanding, Landlord releases, and waives unto <br /> Tenant (including all partners , stockholders , officers , directors , employees , and agents thereof), its <br /> successors and assigns , and Tenant releases and waives unto Landlord (including all partners , <br /> stockholders , officers, directors , employees and agents thereof) , its successors and assigns , all rights to <br /> claim damages for any injury, loss, cost, or damage to persons or to the Demised Premises or the Property <br /> which is occasioned by fire, explosion, accident, occurrence or condition in, on or about the Demised <br /> Premises or the Property or any other casualty, as long as and to the extent of the amount of which injury, <br /> loss , cost or damage has been paid either to Landlord, Tenant, or any other person, firm or corporation, <br /> under the terms of any fire, extended coverage, public liability or other policy of insurance, and to the <br /> extent such releases or waivers are permitted under applicable law . All policies of insurance carried or <br /> maintained pursuant to this Lease shall contain or be endorsed to contain a provision whereby the insurer <br /> waives all rights of subrogation against either Tenant or Landlord, as the case may be, provided such a <br /> provision shall be obtainable . If insurance policies which such waiver of subrogation provision shall not <br /> be obtainable, then the provisions relating to waiver of subrogation as contained in this article 11 shall <br /> have no effect during such time as insurance policies with a waiver of subrogation shall not be obtainable . <br /> If any provision relating to a waiver of subrogation as set forth in this article 11 shall contravene any <br /> present or future law with respect to exculpatory agreements, the liability of the party affected shall be <br /> deemed not released but shall be secondary to the other' s insurer . <br /> To the extent authorized by North Carolina law Tenant shall indemnify and hold Landlord <br /> Landlord <br /> harmless from and against any and all claims arising out of (a) Tenant ' s use of the Demised Premises or <br /> any part thereof, (b) any activity, work, or other thing done, permitted or suffered by Tenant in or about <br /> the Demised Premises or the Property, or any part thereof, (c) any breach or default by Tenant in the <br /> performance of any of its obligations under this Lease, or (d) any act or negligence of Tenant, or any <br /> officer, agent, employee , contractor, servant, invitee or guest of Tenant; and in each case from and against <br /> any and all damages, losses , liabilities , costs and expenses ( including reasonable attorneys ' fees at all <br /> tribunal levels) arising in connection with any such claim or claims as described in ( a) through (d) above , <br /> or any action brought thereon . Tenant assumes all risk of damage or loss to its property or injury or death <br /> to persons in, on, or about the Demised Premises , the Building or the Property, from all causes except <br /> those for which the law imposes liability on Landlord regardless of any attempted waiver thereof, and <br /> Tenant hereby waives such claims in respect thereof against Landlord . The provisions of this paragraph <br /> shall survive the expiration or termination of this Lease . <br /> lie Subordination ; Attornment ; Landlord Financing. Tenant agrees that this Lease will either be <br /> subordinate or superior to any mortgage or deed of trust heretofore or hereafter executed by Landlord <br /> covering the Demised Premises , depending on the requirements of such mortgagee or beneficiary of such <br /> deed of trust (collectively, "Mortgagee") . Upon request, Tenant will execute such agreement( s ) making <br /> this Lease superior or subordinate as the Mortgagee may request, and will agree to attorn to such <br /> Mortgagee provided the Mortgagee agrees not to disturb Tenant ' s possession hereunder so long as Tenant <br /> is in compliance with this Lease and provided that such non- disturbance agreement shall recite that it <br /> shall extend to any successor- in- interest to Mortgagee including, but not limited to, any purchaser at a <br /> judicial foreclosure or a foreclosure sale under power of sale contained in the deed of trust or mortgage . <br /> Landlord consents to Tenant ' s execution of Landlord ' s Mortgagee ' s subordination, attornment and non- <br /> disturbance agreement, and to be bound by the provisions thereof. Further, Tenant agrees to execute <br /> within 10 days of request therefor, and as often as requested, estoppel certificates setting forth the facts <br /> with respect to date of occupancy, expiration date of this Lease, the amount of rent due and date to which <br /> rent is paid, whether or not it has any defense or offsets to the enforcement of this Lease or knowledge of <br /> any default or breach by Landlord, that this Lease is in full force and effect except as to any modifications <br /> or amendments , copies of which Tenant shall attach to such estoppel certificate , and any other facts <br /> reasonably requested . <br /> OCAC Lease Page 9 <br />