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GREYHOUND LINES, INC.-2016
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GREYHOUND LINES, INC.-2016
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Last modified
2/17/2021 4:36:03 PM
Creation date
2/3/2017 4:39:05 PM
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Contracts
Company Name
GREYHOUND LINES, INC.
Contract #
A-2016-332
Agency
PUBLIC WORKS
Council Approval Date
11/15/2016
Insurance Exp Date
4/1/2021
Destruction Year
0
Document Relationships
GREYHOUND LINES, INC.
(Amended By)
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\Contracts / Agreements\G
GREYHOUND LINES, INC. (4)
(Amended By)
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\Contracts / Agreements\G
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that this Lease is unmodified and in full, force and effect (or, if there have been modifications, <br />that this Lease is in full effect as modified, and identifying such modifications) and the dates to <br />which the Rent and Additional Rent have been paid, and that no default exists in the observance <br />of this Lease and no event of default has occurred and is continuing, or specifying each such <br />default or event of default of which Landlord or Tenant may have knowledge, it being intended <br />that any such statement may be relied upon by Landlord's or Tenant's Mortgagees, any <br />prospective purchaser of the interest of Landlord or Tenant in their respective premises described <br />herein. <br />15. LIABILITY INSURANCE: (a) Throughout the Term or any Extension Period, <br />Tenant shall maintain commercial general liability insurance for injury to person (including <br />death) or damage to property occurring within the building arising out of the use and occupancy <br />thereof by Tenant, its licensees, employees, invitees, agents and customers. The amounts of <br />insurance shall be not less than the following: single limit coverage applying to bodily and <br />personal injury, including death resulting therefrom, and property damage, in the total amount of <br />$2,000,000 per occurrence and $5,000,000 in the aggregate. Such insurance shall (a) name the <br />City, its officers, employees, agents, volunteers and representatives as additional insured(s); (b) <br />be primary and not contributory with respect to insurance or self-insurance programs maintained <br />by the City; and (c) contain standard separation of insured's provisions. After the <br />Commencement Date, and thereafter upon written request of Landlord, Tenant shall deliver to <br />Landlord a certificate of such insurance earning Landlord as an additional insured. <br />16. DAMAGE BY CASUALTY: (a) If the Premises is damaged or destroyed by fire, <br />the elements, subsidence of sublateral or subjacent support or other casualty, Tenant shall (i) <br />within (30) days begin repairs and (ii) restore the damaged or destroyed improvements to its <br />condition just prior to the damage, within ninety (90) days, or Tenant may cancel and terminate <br />this Lease. If this Lease is terminated as provided in this Section, Tenant shall be responsible for <br />180 days of rental payments and Tenant agrees to turn over to Landlord all applicable insurance <br />proceeds received as compensation for damages to the Premises to the extent of actual cost of <br />restoration. <br />(b) If Tenant is not actually open for business during all or any part of the <br />period ("Restoration Period") from the date of such damage or destruction as aforesaid until the <br />date the Premises is restored in accordance with the terms of this Lease, all Rent or other sums <br />payable hereunder shall abate for such period as Tenant is not open for business. If Tenant is <br />open for business during the Restoration Period, the Rent and other sums payable hereunder shall <br />abate in proportion to the usable space; provided, however; that if Tenant does not proceed <br />diligently with restoration of the Demised Premises, all Rent and other surns payable hereunder <br />shall not abate, <br />(c) Tenant agrees to keep in effect on the Premises and to provide Landlord <br />proof of fire insurance with extended coverage endorsement on the improvements to the <br />Premises of the full replacement value of the buildings and improvements thereon. <br />0 <br />
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