2000_0627_packet - Laserfiche WebLink

Home

as evidenced by the return receipt. All rentals paid for the Lease prior to said termination date shall be retained by Owner. c) Lessee's Liabilitv for Earlv Termination. If Lessee terminates this Lease other than of right as provided in this Lease, Lessee shall pay to Owner as liquidated damages for early termination, 150% of the annual Rent for the year in which Lessee terminates, unless Lessee terminates during the last year of any Term under Paragraph 5 and Lessee has paid the annual rental for that year. d) Site Restoration. Upon termination of this Lease for any reason, Lessee shall, within ninety (90) days thereof, remove its tower and all of its equipment cabinets from the Premises, and its transmission lines and antennas from the Property. Lessee, at its expense, agrees to return the Premises where Lessee's tower and Antenna Facilities have been to their original condition, ordinary wear and tear excepted. Upon the commencement of this Lease, Lessee shall deposit with Owner the sum of $5,000.00, which shall be fully refunded to Lessee, including a reasonable rate of interest the amount of which to be determined by the City, upon the timely removal of the Antenna Facilities, and related equipment, the repair of the site and the restoration of the Property to the reasonable satisfaction of the Owner. Any of Lessee's property remaining on the Premises ninety (90) days after the expiration or the termination of this Lease shall become the property of Owner free of any claim by Lessee or any person claiming through Lessee. 17. Insurance. a) Worker's Compensation. The Lessee must maintain Workers' Compensation insurance in compliance with all applicable statutes. The policy shall also provide Employer's Liability coverage with limits of not less than $500,000 Bodily Injury each accident, $500,00 Bodily Injury by disease, policy limit, and $500,000 Bodily Injury by disease, each employee. b) General Liabilitv. The Lessee must maintain an occurrence form comprehensive general liability coverage. Lessee may self-insure for the amounts and types of insurance required by this Section 17(b). If Lessee elects to self-insure, Lessee shall notify Owner of its intent to self-insure, and shall receive Owner's prior written approval, which approval shall not be unreasonably withheld. Such coverage shall include, but not be limited to, bodily injury, property damage — broad form, and personal injury, for the hazards of Premises/Operation, broad form contractual, independent contractors, and products/completed operations. The Lessee must maintain aforementioned comprehensive general liabil.ity coverage with limits of liability not less than $2,000,000 each occurrence; $1 ,OOO,C00 personal and advertising injury; $2,0OO,OCO general aggregate, and $ 1$00,000 products and completed operations aggregate. These limits may be satisfied by the comprehensive general liability coverage or in combination with