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Item 12 - Santa Ana Regional Transportation Center - Lease Agreement
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04/06/2021 Regular
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Item 12 - Santa Ana Regional Transportation Center - Lease Agreement
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4/9/2024 4:46:09 PM
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City Clerk
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Agenda Packet
Agency
Clerk of the Council
Item #
12
Date
4/6/2021
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inaccessible by a risk insured against by a policy of standard fire and extended coverage <br />insurance, with vandalism and malicious mischief endorsements. <br />f. The following requirements apply to the insurance to be provided by <br />Tenant pursuant to this section: <br />i_ If the Tenant maintains broader coverage and/or higher limits than the <br />minimums shown above, the Landlord shall be entitled to [he broader <br />coverage and/or higher limits maintained by the Tenant. Aay available <br />insurance proceeds in excess of the speciFed minimum limits of insurance <br />and coverage shall be available to the Landlord. <br />ii_ Tenant shall maintain all insurance required above in full force and effect <br />for the entire period covered by this Agreement. <br />iii. Certificates of insurance shall be furnished to the Landlord upon execution <br />of this Agreement. <br />iv. Cer[ifcates and policies shall state that the policies shall not be cancelled <br />or reduced in coverage or changed in any other material aspect without <br />thirty (30) days prior written notice to the Ciry, except for I O days' notice <br />for non-payment of premium. <br />v. If Tenant fails or refuses to produce or maintain the insurance required by <br />this section or fails or refuses to famish the Landlord with required proof <br />that insurance has been procured and is in force and paid for, the Landlord <br />shall have the right, at the Landlord's election, to Forthwith terminate this <br />Ageement as provided herein. <br />18. DAMAGE BY CASUALTY <br />(a) In the event of a Fre or other casualty in the Premises, Tenant shall <br />immediately give notice thereof to Landlord. <br />(b) If the Premises, through no fault of Tenant, its agents, employees, invitees, <br />or visitors, shall be partially destroyed by fire or other casualty so as to render the <br />Premises untenantable as reasonably determined by Landlord, Rent shall abate in <br />proportion to the percentage of square footage of the Premises rendered unusable until <br />such time as the Premises are made tenantable as reasonably determined by Landlord. The <br />entire Premises shall be made tenantable by Landlord's diligent repair within sixty (60) <br />days following the Fire or casualty incident. <br />(c) Except where Landlord is not obligated to repair or rebuild the Building or <br />the Premises, Landlord will use due diligence to repair or rebuild the same (except that <br />Landlord will have no obligation to repair or replace any alteration, addition, or <br />improvements to the Premises other than the Tenant Improvements installed at Landlord's <br />expense which will be repaired only to the level of Building Standard Improvements). <br />
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