My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
Res 2014-051/Sublease of Airport property between Caroline Aviation, LLC and Richard Moreno
San-Marcos
>
City Clerk
>
03 Resolutions
>
2010's
>
2014
>
Res 2014-051/Sublease of Airport property between Caroline Aviation, LLC and Richard Moreno
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
3/25/2015 9:58:48 AM
Creation date
4/22/2014 8:46:08 AM
Metadata
Fields
Template:
City Clerk
City Clerk - Document
Resolutions
City Clerk - Type
Approving
Number
2014-51
Date
4/15/2014
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
23
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
Show annotations
View images
View plain text
8. Default Under Lease and Use Documents. No default of Landlord under <br />either of the Lease and Use Documents will affect this Sublease or waive or defer the <br />performance of any of Sublessee's obligations hereunder. However, in the event of any <br />such default or failure by Landlord, Sublessor agrees, upon Sublessor's receipt of <br />written notice thereof from Sublessee, and at Sublessee's expense, to make demand <br />upon Landlord to perform Landlord's obligations under either of the Lease and Use <br />Documents in accordance with the respective terms thereof (but without obligation of <br />Sublessor to take any other action or incur any expense to enforce Landlord's <br />obligations under either of the Lease and Use Documents). Sublessee must pay all <br />costs and expenses, including reasonable attorneys' fees, that may be incurred by <br />Sublessor in enforcing the provisions of this Sublease and in enforcing Landlord's <br />obligations under either of the Lease and Use Documents if requested to do so by <br />Sublessee. <br />9. Insurance. Sublessee must obtain and maintain in force and effect with <br />respect to the Premises, throughout the entire Term, any and all insurance required to <br />be maintained by the "Tenant" pursuant to the terms of the Primary Lease. It is agreed <br />that any and all insurance required to be maintained by Sublessee pursuant to the <br />terms of the Primary Lease (as incorporated herein and assumed by Sublessee <br />hereunder) must: (i) name Sublessor, each leasehold mortgagee holding a leasehold <br />mortgage on this Sublease or the Premises or any part thereof, and Landlord as <br />additional loss payees with respect to all property insurance; (ii) contain waivers of <br />subrogation applicable to each of Sublessor, each aforesaid leasehold mortgagee and <br />Landlord; (iii) include a standard mortgage clause in favor of each aforesaid leasehold <br />mortgagee; (iv) name Sublessor, each aforesaid leasehold mortgagee and Landlord as <br />additional insureds with respect to liability insurance; and (v) require at least thirty (30) <br />days' advance written notice to Sublessor, Landlord and any applicable mortgagee prior <br />to the cancellation or modification of any such insurance. All insurance policies required <br />to be maintained by Sublessee hereunder must be written by insurance companies <br />reasonably satisfactory to Sublessor and Landlord. True, correct and complete copies of <br />all such insurance policies (or certificates thereof in form and content reasonably <br />satisfactory to Sublessor and Landlord), evidencing that all such insurance policies <br />required to be obtained and maintained by Sublessee hereunder have been obtained <br />and paid for, must be provided to Sublessor, Landlord and any applicable mortgagees <br />concurrently with the execution of this Sublease and thereafter at least thirty (30) days <br />prior to the expiration date of any then - existing policies. <br />10. Limitation of Liability. Any provision of the Primary Lease to the contrary <br />notwithstanding, neither Landlord nor Sublessor, nor any of Sublessor's members, <br />officers, directors, agents, employees or representatives, will be liable to Sublessee, or <br />any of Sublessee's agents, employees, servants, customers, guests or invitees, for any <br />damage to persons or property due to the condition, design, or any defect in the <br />Premises or its mechanical systems that may exist on the Sublease Commencement <br />Date or that may subsequently occur. Sublessee, with respect to itself and its agents, <br />employees, servants, customers, guests and invitees, hereby expressly assumes all <br />risks of damage to persons and property, either proximate or remote, by reason of the <br />present or future condition of the Premises. <br />11 <br />12059922 <br />
The URL can be used to link to this page
Your browser does not support the video tag.