Laserfiche WebLink
A complete and signed certificate of insurance with all endorsements required by this Section shall <br />be filed with Lessor prior to the execution of this Agreement. At least thirty (30) days' prior to the <br />expiration of any such policy, a signed and complete certification of insurance showing that <br />coverage has been renewed, shall be filed with Lessor. <br />Section 4.04 Certificates of Insurance; Additional Insured Endorsements <br />Prior to execution of this Agreement, Lessee shall furnish to Lessor certificates of insurance and <br />additional insured endorsements to each of Lessee's insurance policies, subject to approval of the <br />City Attorney, evidencing the foregoing insurance coverages as required by this Agreement; these <br />certificates shall: <br />provide the name and policy number of each carrier and policy; <br />shall state that the policy is currently in force; and <br />shall promise to provide that such policies will not be canceled, suspended, voided, reduced <br />in coverage or in limits, or modified without thirty (30) days prior written notice of Lessor. <br />Lessee shall maintain the foregoing insurance coverages in force throughout the term of this <br />Agreement. The requirement for carrying the foregoing insurance coverages shall not derogate <br />from the provisions for indemnification of Lessor by Lessee under the Agreement. Lessor or its <br />representatives shall at all times have the right to demand the original or a copy of all these policies <br />of insurance, which Lessee shall provide within fifteen (15) days of Lessor's request. <br />ARTICLE 5-TERMINATION/DEFAULT <br />Section 5.01 Termination <br />(a) In the event of any damage, destruction or condemnation of the Property, which renders <br />the Property unusable or inoperable in Lessor's judgment, Lessee shall have the right, but <br />not the obligation, to terminate the Agreement with respect to the subject Property by <br />giving written notice to Lessor within thirty (30) days after such damage, destruction or <br />condemnation. If by virtue of such casualty or condemnation, Lessor determines that the <br />Property is no longer adequate for Lessee to continue its operations, or any repairs to the <br />Property have not been completed or cannot reasonably be completed within sixty (60) <br />days from the date of the damage, destruction or condemnation. This Agreement will <br />become null and void. <br />(b) In the event of condemnation, unless Lessee is allowed by the condemning authority to <br />continue its operations in the Property, this Agreement shall terminate as of the date title <br />to the Property vests in the condemning authority or Lessee is required to cease its <br />operations, whichever is earlier. If any property described herein or hereinafter added <br />hereto is taken in eminent domain, the entire award shall be paid to Lessor. <br />