Res 2009-120 - Laserfiche WebLink

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City of San Marcos Airport responsibility for any taxes or assessments associated with such real property or real property improvements. The LESSEE shall pay when due all other taxes and assessments against any equipment, inventory and other personal property on or any leasehold interest in the LEASED PREMISES. The LESSEE shall also pay when due all sales, excise, income and other taxes levied upon its business operations on the LEASED PREMISES. ARTICLE 7. INSURANCE AND INDEMNITY 7.01. Liability Insurance: The LESSEE shall procure and maintain insurance in full force at its expense as set forth in the Minimum Standards, covering claims which arise out of or in connection with the LESSEE's use or maintenance of the LEASED PREMISES. This insurance shall be written so that the LESSOR must be notified in writing at least Thirty (30) days in advance of cancellation, restrictive amendment or non - renewal. The LESSEE shall file certificates of insurance with the LESSOR upon execution of this LEASE and annually during the LEASE term. All insurance required under this paragraph shall be primary over any other insurance coverage the LESSOR may have, and shall be written with the LESSOR as an additional insured. In any event, the LESSEE is fully responsible for all losses arising out of, resulting from or connected with operations under this LEASE whether or not the losses are covered by insurance. The LESSOR's acceptance of insurance certificates that do not comply with these requirements will not release the LESSEE from compliance with these provisions. 7.02. Casualtv Coverage: The LESSEE and or SUBLESSEE shall maintain in full force and effect during the term of this LEASE a policy of insurance on the Texas Standard form of fire and extended coverage for all contents, goods, stock, and any personal property which is or may be situated upon the LEASED PREMISES. 7.03. Indemnity and Hold Harmless: A. The LESSEE agrees to hold harmless, indemnify and defend the LESSOR and its officers, agents and employees from and against all claims, suits and actions by third parties for loss of life, personal injury or property damage arising in connection with the use of the LEASED PREMISES and other areas of the AIRPORT by the LESSEE, its agents, contractors, employees, servants, invitees or licensees. B. The LESSEE shall use the AIRPORT and use, occupy and store property on the LEASED PREMISES at its own risk, and the LESSEE agrees to hold harmless and release the LESSOR, and its officers, agents and employees from all claims, suits and actions by the LESSEE for loss of life, personal injury or property damage occurring at the AIRPORT or on the LEASED PREMISES, including those resulting from the sole negligence or other Commercial Land Lease Page 8 of 22