2006-03-08 CC Packet - Laserfiche WebLink

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(Hi) LIabIitv IDsunmce. Comprehensive general liability insurance coverage (either primary mIIor umbrella poIioies), which shall incJucIe persouaI iqjury~ bodily injury, broad form property damage, operatious bazard, owner's protective coverage, contractua11iabi1ity and proclucts and completed operations liability. in limits DOt less tbaD Sl,OOOtOOO DoI1ars inclusive. This iasurance shall insure Landlord and "Landlord's Indenmities" (as defined below) and Tenant, and such other parties as Landlord may desipte, Il8DIiIw each as the iDsurod. NotwitbstancIins any contnuy proWsions contaiaed in this paragraph, if any liability insurance policy excludes coverage of any claim made by one iDsured against anothor, or any action or suit tiled by ODD iDsured against aaother~ then Teuaut sball deliver to Landlord a separate liability insurance policy, which iDsures oaly Landlord and Landlord's Indemnities and such other parties as Landlord may _...., in accordanco with tho pro~siOJlS of this paraarapb, ancI a eertitioate of insurance evidencing a separate liability insurance policy insuring Tenant in accordance with the provisions of this .......pb. The term "LanclIord'. IDdemDities" sbaII IIle8D any agents, employees, eIectDd or appointed officials from the cities ofCenterviJle, Circle Pines and LexiDgtoD. I L______________~_l.lIIsar8IKe Reauirelnelds Ge.nIlv._N1_~~~_~_~_~_~_~_~_~t_// ~ ai..: ;:~....... are acceptable to Landlord and in form satisfactory to Landlord. Tenant agrees that certificates of II!!I!:!!!!!o Wabr'sCompD1atiCl18111l insurance wiD be delivered to Landlord as soon as practicable after the placing of the requinxl insurance. ~sLiabilily~=- Tenant sball, contemporaneously with the execution of this Lease, provide Landlord with a certificate of with=="'sba1l~a insurance as written evidence of the insurance in force, and renewals thereof sbaD be delivered to Landlord waiYerofsubqatiaa apiDstLaDdlard., at least thirty (30) days prior to the expiration of the respective policy terms. All policies shall contain an , undertaking by the insurers to notify Landlord in writiDg not less than thirty (30) days before any material change, reduction in coverage, canceUation, or other termiDation thereof: Tenant shaD authorize insured to provide Landlord with any information related to policies and this agreement sbaD serve as a general release authorizing Landlord to seek, review or obtain information related to any Tenant policy for the Premises. (c) Waiver of Subrol!lltloa To the extent that the parties may legaOy so agree, neither Landlord nor Tcaant shall be liable by way of subroption or otherwise to the other party, or to any insurance company insuring the other party for any loss or damase to any of the property of Landlord or Tenant, as the casc may be, which loss or cIanIIp is covered by any iDsunmce policies carri.. by the parties and in force at the time of any such damage, even though such loss or damage might have been occasionad by the "pace of Landlord or Tenant, and the party hereto ~t.. suoh loss or cIaaIIp so protected by insurance waives its rights, if any, of recovery against the other party boreto to tho extent and amount that 81ICb loss is covered by such iDsuraace. Tbis release sid be in effect only so Ions as the applicable insurance policies shaD contain a clause or endorsement to the effect that the aforemDlltioned waiver sbaIIllOt affect the right of the insured to recover under such policies; Tenant shall use its best efforts (includins payment of any additional premium) to bave its iDsUI'aIlCO policies contain the standard ...uver of subroptioa clause. In the event Tcaant's iDsuranco curia' declilles to include in such earria"s policy the standard waiver of subrogation clause, Tenant sbaD prompdy notify Landlord in writiDg. 7. ,..~.~ wItIa Laws and......... ...~.~-. 6