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25F - TAXI SRVS AT SARTC
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01/04/2011
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25F - TAXI SRVS AT SARTC
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Last modified
1/3/2012 3:55:29 PM
Creation date
12/30/2010 11:02:39 AM
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City Clerk
Doc Type
Agenda Packet
Item #
25F
Date
1/4/2011
Destruction Year
2016
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DO NOT RECORD <br />2. Licensor will not be responsible for premiums or assessments on the <br />policy. <br />A complete and signed certificate of insurance with all endorsements required by this <br />Section shall be filed with Licensor prior to the execution of this Agreement. At least <br />thirty (30) days prior to the expiration of any such policy, a signed and complete <br />certification of insurance showing that coverage has been renewed, shall be filed with <br />Licensor. <br />Section 4.04 Certificates of Insurance; Additional Insured Endorsements <br />Prior to execution of this Agreement, Licensee shall furnish to Licensor certificates of <br />insurance and additional insured endorsements to each of Licensee's insurance policies, <br />subject to approval of the City Attorney, evidencing the foregoing insurance coverages as <br />required by this Agreement; these certificates shall: <br />1. provide the name and policy number of each carrier and policy; <br />2. shall state that the policy is currently in force; and <br />3. shall promise to provide that such policies will not be canceled, suspended, <br />voided, reduced in coverage or in limits, or modified without thirty (30) days <br />prior written notice of Licensor; and <br />4. Licensee shall provide the onsite Property Manager with an up to date list of the <br />license plate numbers for each of its insured vehicles. <br />Licensee shall maintain the foregoing insurance coverages in force throughout the term of <br />this Agreement. The requirement for carrying the foregoing insurance coverages shall <br />not derogate from the provisions for indemnification of Licensor by Licensee under the <br />Agreement. Licensor or its representatives shall at all times have the right to demand the <br />original or a copy of all these policies of insurance, which Licensee shall provide within <br />ten (10) days of Licensor's request. <br />ARTICLE 5 - TERMINATION AND DEFAULT <br />Section 5.01 Termination in the Event of Casualty or Condemnation <br />(a) In the event of any damage, destruction or condemnation of the License <br />Area, which renders the License Area unusable or inoperable in Licensor's <br />judgment, Licensee shall have the right, but not the obligation, to terminate <br />the Agreement with respect to the subject License Area by giving written <br />notice to Licensor within thirty (30) days after such damage, destruction or <br />condemnation. If by virtue of such casualty or condemnation, Licensor <br />determines that the License Area is no longer adequate for Licensee to <br />continue its operations, or any repairs to the License Area have not been <br />7 <br />25F-10
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