Res 1995-036 - Laserfiche WebLink

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,Q311 purchased by the Lessee shall belong to the Lessee at the termination of this Lease Agreement. 9. TAXES: Lessor shall be responsible for the paYment of all Ad Valorem taxes on the Leased Premises. Lessee shall be responsible for the paYment of all taxes assessed against Lessee's personal property located within the Leased Premises. 10. INDEMNIFICATION AND INSURANCE: a. Lessee shall indemnify and hold Lessor harmless from any and " all claims (including attorney's fees) of others for injuries to I persons property arising out of Lessee's negligent conduct of its I or l business operations on the Leased Premises. b. Lessor shall indemnify and hold Lessee harmless from any and all claims (including attorney's fees) of others for injuries to persons or property arising out of defects in or dangerous conditions of the Leased Premises. c. Lessee shall maintain adequate insurance on Lessee's personal property located within the Leased Premises. Lessor shall maintain fire and general casualty insurance on the building and equipment, furniture, fixtures or other property of Lessor located within the Leased Premises. d. Lessee agrees to obtain and keep in fonce, at Lessee's expense, for the benefit of both Lessor and Lessee, a good and sufficient policy of public liability insurance with a company authorized to do business in the State of Texas and acceptable to Lessor to afford protection to the limit of not less than $100,000.00 for any one person and not less than $300,000.00 for more than one person for any loss, damage or injury to persons or property on or about the Leased Premises by virtue of any act or omission on part of Lessee, it agents, employees, invitees, licensees or other persons whomsoever who are in, on or about the Leased Premises or any part thereof. It is expressly agreed that this insurance shall insure any contingent liability on part of the Le$sor, if any, in respect to any such loss, liability, damage or injury. e. Lessor agrees to obtain and keep in force, at Lessor's expense, for the benefit of both Lessor and Lessee, a good and sufficient insurance policy with a company authorized to do business in the State of Texas and acceptable to Lessee to afford protection to the limit of not less than $100,000.00 for anyone person and not less than $300,000.00 for more than one person for any loss, damage or. injury to persons or property on or about the Leased Premises by virtue of any defects or dangerous condition of the Lease Premises or any part thereof. f. In the event that the Leased Premises is damaged or destroyed by fire, storm, explosion, act of a public enemy or any other casualty, Lessee shall give immediate notice to the Lessor, and the Leased Premises shall be repaired at the expense of the Lessor as speedily as possible, commencing within thirty (30) days after the damage, and, the Lessee shall receive an abatement of rent proportionate to the loss of the use of the Leased Premises. In the event that the damage shall be so extensive as to render the Leased Premises untenable, then rent shall cease until such time as the Leased Premises shall again be put in a tenable condition suitable for Lessee's purposes. Notwithstanding . any of the provisions of this paragraph, in the event that the damage I shall be so extensive as to render the Leased Premises untenable to i such an extent as to require more than 90 days or the balance of the I - rental period of this Lease, whichever is shorter, in which to repair the damage to a condition suitable to Lessee's purposes or to require the expenditure of a sum of money exceeding the contributory value of the improvements prior to such casualty or damage, then either party may terminate this Lease, upon giving the other party a thirty (30) day written notice of such termination. -2-