Orange County NC Website
If one of the two boxes above is checked, Tenant shall reimburse Landlord for taxes by paying to Landlord, beginning on the Rent <br /> Commencement Date and on the first day of each calendar month during the term hereof, an amount equal to one-twelfth ( 1 / 12) of the <br /> then current tax payments for the Premises . Upon receipt of bills , statements or other evidence of taxes due, Landlord shall pay or <br /> cause to be paid the taxes . If at any time the reimbursement payments by Tenant hereunder do not equal the amount of taxes paid by <br /> Landlord, Tenant shall upon demand pay to Landlord an amount equal to the deficiency or Landlord shall refund to Tenant any <br /> overpayment (as applicable) as documented by Landlord . Landlord shall have no obligation to segregate or otherwise account for the <br /> tax reimbursements paid hereunder except as provided in this Section 9 . <br /> Insurance <br /> the excess cost of commercial general liability, broad form fire and extended and special perils insurance with respect to the <br /> Premises over the cost of the first year of the Lease term for each subsequent year during the term of this Lease; or <br /> the cost of all commercial general liability, broad form fire and extended and special perils insurance with respect to the <br /> Premises . <br /> If one of the two boxes above is checked, Tenant shall reimburse Landlord for insurance by paying to Landlord, beginning on the Rent <br /> Commencement Date and on the first day of each calendar month during the term hereof, an amount equal to one-twelfth ( 1 / 12) of the <br /> then current insurance premiums for the Premises . Upon receipt of bills , statements or other evidence of insurance premiums due, <br /> Landlord shall pay or cause to be paid the insurance premiums . If at any time the reimbursement payments by Tenant hereunder do <br /> not equal the amount of insurance premiums paid by Landlord, Tenant shall upon demand pay to Landlord an amount equal to the <br /> deficiency or Landlord shall refund to Tenant any overpayment (as applicable) as documented by Landlord. Landlord shall have no <br /> obligation to segregate or otherwise account for the insurance premium reimbursements paid hereunder except as provided in this <br /> Section 9 . <br /> Provided however, notwithstanding any provision of the foregoing, that in the event Tenant' s use of the Premises results in an increase <br /> in the rate of insurance on the Property, Tenant shall pay to Landlord, upon demand and as additional rental, the amount of any such <br /> increase . <br /> INSURANCE ; WAIVER; INDEMNITY <br /> 10 . (a) During the term of this Lease, Tenant shall maintain commercial general liability insurance coverage (occurrence coverage) <br /> with broad form contractual liability coverage and with coverage limits of not less than $ 1 oo0 000 . 00 <br /> combined single limit, per occurrence, specifically including liquor liability insurance covering consumption of alcoholic beverages <br /> by customers of Tenant should Tenant choose to sell alcoholic beverages . Such policy shall insure Tenant' s performance of the <br /> indemnity provisions of this Lease, but the amount of such insurance shall not limit Tenant's liability nor relieve Tenant of any <br /> ided for herein shall name as " additional insureds " Landlord, Landlord' s Agent, all <br /> obligation hereunder. All policies of insurance prov <br /> mortgagees of Landlord and such other individuals or entities as Landlord may from time to tune designate upon written notice to <br /> Tenant. Tenant shall provide to Landlord, at least thirty (30) days prior to expiration, certificates of insurance to evidence any renewal <br /> ide evidence of all insurance required under this Lease to Landlord prior <br /> or additional insurance procured by Tenant. Tenant shall prov <br /> to the Lease Commencement Date. <br /> (b) Landlord (for itself and its insurer) waives any rights , including rights of subrogation, and Tenant (for itself and its <br /> insurer) waives any rights , including rights of subrogation, each may have against the other for compensation of any loss or damage <br /> occasioned to Landlord or Tenant arising from any risk generally covered by the " all risks " insurance required to be carried by <br /> Landlord and Tenant. The foregoing waivers of subrogation shall be operative only so long as available in the State of North Carolina. <br /> The foregoing waivers shall be effective whether or not the parties maintain the insurance required to be carried pursuant to this <br /> Lease . <br /> (c) Except as otherwise provided in Section 10 (b), Tenant indemnifies Landlord for damages proximately caused by the <br /> negligence or wrongful conduct of Tenant and Tenant' s employees, agents , invitees or contractors . Except as otherwise provided in <br /> Section 10 (b) , Landlord indemnifies Tenant for damages proximately caused by the negligence or wrongful conduct of Landlord and <br /> Landlord's employees , agents , invitees or contractors . The indemnity provisions in this Section 10 cover personal injury and property <br /> damage and shall bind the employees , agents, invitees or contractors of Landlord and Tenant (as the case may be) . The indemnity <br /> obligations in this Section 10 shall survive the expiration or earlier termination of this Lease . <br /> REPAIRS BY LANDLORD <br /> 11 . Landlord agrees to keep in good repair the roof, foundation, structural supports and exterior walls of the buildings located on the <br /> Premises (exclusive of all glass and exclusive of all exterior doors) and, except as may be specifically allocated to Tenant in Section <br /> Page 5 of 12 <br /> STANDARD FORM 592-T <br /> Revised 7/2024 <br /> Tenant Initials Landlord Initials GJP © 7/2024 <br /> Produced with Lone Wolf Transactions (zipForm Edition ) 717 N Harwood St, Suite 2200, Dallas, TX 75201 www,lwolf.com HRHG <br />