Res 1994-116 - Laserfiche WebLink

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S3L- -4- 10. Fees. Lessor waives all building, impact and other fees it may lawfully collect from Lessee as to improvements on the Premises. 11. Casualty Insurance, Rebuildinq and Repair of Damaqe to Structure. Lessee agrees to keep and maintain in effect, fire insurance with extended coverage, in a sum not less than the replacement value of all improvements on the Premises, with a company or companies licensed to do insurance business in Texas. Lessor shall be named as an additional insured on this policy or policies. Copies of this policy or policies shall be provided to Lessor within 30 days from the date Lessee takes possession of the Premises, and annually thereafter. In the event the Premises, a major portion thereof or any structures or improvements located on the Premises is damaged or destroyed by casualty, fire or otherwise, to an extent which renders the Premises unfit for Lessee's purposes, as Lessee may determine, Lessee may rebuild or repair such damaged or destroyed porti~ns. In the event Lessee elects not to proceed with the repair of any damages from a casualty event occurring during the first 10 years of this Lease, all insurance proceeds shall be payable to the Lessee. In the event Lessee makes such an election as to damages from a casualty event occurring during the remainder of this Lease, all insurance proceeds shall be payable to the Lessor. If Lessee fails to proceed with such repair for a period of 90 days after the receipt of insurance proceeds then either party may cancel and terminate this Lease and all insurance proceeds shall be paid to Lessor. If Lessor elects to terminate this Lease under this paragraph, Lessor shall give Lessee 10 days written notice of intent to so terminate. If Lessee fails and refuses to acquire and maintain such insurance or fails and refuses to begin such repair within ten (10) days of receipt of the notice, Lessor may terminate this Lease. 12. Sidewalks. Parkinq Areas. Yards and Landscaped Areas. Lessee shall keep all sidewalks and parking areas on the Premises in good condition and repair and shall provide the necessary maintenance to the yard and keep all landscaped areas in a sightly condition. 13. Plans and Specifications. Lessor shall have approval authority over any and all plans, specifications and/or designs for any structure or improvement to be placed on the Premises. Lessee shall cause any construction on the Premises to be prosecuted with diligence and shall cause all required building permits for the construction to be obtained. 14. Quiet Possession. Lessor shall warrant and defend Lessee in the enjoyment and peaceful possession of the Premises. 15. Indemnity. Lessee does hereby covenant and agree to defend, indemnify and hold harmless Lessor, its officers, agents and employees, from all damages, claims, losses, demands, suits, judgments and costs including reasonable attorney's fees and expenses arising out of the use of the Premises by Lessee, its officers, agents or employees or anyone for whose acts Lessee may be liable.