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Platinum Equity Partners 2
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Platinum Equity Partners 2
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Last modified
4/17/2015 11:02:04 AM
Creation date
4/12/2006 5:27:28 PM
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Contracts
Company Name
Platinum Equity Partners
Contract #
N-2006-025
Agency
Public Works
Insurance Exp Date
2/1/2007
Destruction Year
2012
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C. Licensor will not be held responsible for loss of, or damage to, any <br />personal property left on the Property, or improvements made by Licensee on the Property. <br />d. This License is made subject and subordinate to the prior and continuing <br />right of Licensor to use the Property or the use of the public right-of-way. <br />2. Agreement. By execution of this Agreement, Licensee agrees for itself and on <br />the behalf of its employees, agents, consultants and contractors as follows: <br />(a) That Licensee will not permit any dangerous condition or waste to be <br />created on the Property. <br />(b) All acts and things done by Licensee on the Property will be done in a <br />careful and reasonable manner, in accordance with all federal, state and local laws. Licensee <br />agrees that any use it makes of the Property as specified herein shall be affected with all <br />reasonable diligence and precaution to avoid damage to the land, property or personnel. <br />Licensee agrees and acknowledges that nothing herein is intended, nor shall it be interpreted, as <br />to bind the City to issue or grant any permits or entitlements needed to perform any work or <br />improvements specified in this Agreement. <br />(c) Licensee shall enter the Property entirely at its own cost, risk and expense. <br />(d) Licensee agrees to conform to any reasonable requirements set forth by <br />the Licensor related to the use of the Property as a storage area set forth by the Licensor during <br />the course of this License. <br />(e) Prior to undertaking performance of any work under this Agreement, <br />Licensee shall maintain and shall require its subcontractors, if any, to obtain and maintain <br />insurance as described below: <br />i. Commercial General Liability Insurance. Licensee shall maintain <br />commercial general liability insurance naming the City and its officers, employees, agents, <br />volunteers and representatives as additional insured(s) and shall include, but not be limited to, <br />protection against claims arising from bodily and personal injury, including death resulting <br />therefrom and damage to property, resulting from any act or occurrence arising out of Licensee's <br />operations in the performance of this Agreement, including, without limitation, acts involving <br />vehicles. The amounts of insurance shall be not less than the following: single limit coverage <br />applying to bodily and personal injury, including death resulting therefrom, and property <br />damage, in the total amount of $1,000,000.00 per occurrence. Licensee shall supply City with a <br />fully executed additional insured endorsement in substantially the form attached hereto as <br />Exhibit B upon execution of this Agreement and shall be approved in form by the City Attorney. <br />ii. The following requirements apply to the insurance to be provided <br />by Licensee pursuant to this section: <br />2
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