Item 2F: Kaufman Center Lease - Laserfiche WebLink

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indemnification shall survive the termination or cancellation of this agreement. 12. Damage and Restoration. 12.1 Except as provided in subsection 12.2, if the Premises are damaged by fire or other cause that would be covered by a standard fire insurance policy with an endorsement for extended coverage, City shall promptly repair the damage and restore the improvement. Repair shall be accomplished with all reasonable dispatch, subject to interruptions and delays from labor disputes and other causes beyond City's reasonable control. 12.2 If the Premises are damaged such that the cost of restoration is reasonably estimated by City to equal or exceed 50% of the value of the Premises prior to the occurrence of the damages, then the parties agree to proceed as follows: A. City may elect to terminate this lease by written notice to Lessee, given not more than 30 days following the date of damage. B. Absent such an election, City shall proceed to restore the improvements. The completed repair, restoration or replacement shall be equal in value, quality and use to the condition of the improvement immediately before the damage. Repair shall be accomplished with all reasonable dispatch, subject to interruptions and delays from labor disputes and other causes beyond City's reasonable control. C. Lessee shall not be entitled to any abatement of rent on account of any damage or destruction of improvements on the property, nor shall any other obligations of Lessee under this lease be altered or terminated except as specifically provided to the contrary. 13. Insurance. Lessee shall obtain and maintain continuously in effect at all times during the term of this lease, at its sole expense, the following insurance: 13.1 Comprehensive General Liability Insurance. Lessee shall maintain a comprehensive general liability insurance policy, including premises liability, auto and personal injury, with a combined single limit coverage of not less than $1,000,000 If available, such policy shall contain a contractual liability endorsement to cover Lessee's indemnification obligations under this lease. The liability policy shall contain a "tenant's legal liability" endorsement. 13.2 Property Insurance. Lessee may insure all of its personal property located on the Premises. City shall not be liable for any loss of or damage to personal property of Lessee or Lessee's employees, officers, invitees or licensees. 13.3 Policy Requirements. The insurance policies specified in this section 13 shall be approved as to form and surety by City and shall bear endorsement entitling City to at least 30 days' prior written notice of any material change, non-renewal or cancellation. A copy of all such policies, or certificates thereof, reasonably satisfactory to City, shall be delivered to City within 30 days of signing this agreement. All policies required by these provisions shall be written as primary policies, not contributing with or in excess of any coverage City may have, and shall have loss payable clauses in favor of and reasonably satisfactory to City. 2006-03803 Kaufman Senior Center Lease Page 6