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Res 1992-148
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Res 1992-148
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7/12/2007 2:45:29 PM
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7/12/2007 2:45:29 PM
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City Clerk
City Clerk - Document
Resolutions
City Clerk - Type
Agreement
Number
1992-148
Date
12/14/1992
Volume Book
109
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<br /> 23I <br /> -10- <br /> death of any one.person, .and in any amount not less than $300,000 <br /> with respect to any onè accident or disaster, and in an amount not <br /> less than $50,000 with respè~t to property damaged or destroyed, <br /> and to be written by insurance companies satisfactory to'Landlord. <br /> Tenant shall obtain a' . written : obligation on the part of each <br /> insurance company to notify Landlord at least ten (10) days prior <br /> to cancellation of such insurance. Such policies or duly executed <br /> certificates of insurance shall be promptly delivered to Landlord <br /> and renewals thereof as required shall be delivered to Landlord at <br /> least thirty (30) days prior to the expiration of the respective <br /> po.licy terms. If Tenant should fail to comply with the foregoing <br /> requirements relating to insurance, Landlord may obtain such <br /> ~ <br /> insurance and Tenant shall pay to Landlord on demand as additional <br /> rental hereunder the premium cost thereof plus interest at the rate <br /> of ten (10) percent per annum from the date of payment by Landlord <br /> until repaid by Tenant~ <br /> 11.02 Landlord shall not be liable to Tenant or Tenant's <br /> employees, agents, or visitors, or to any other person whomsoever, <br /> for any injury to person or damage to property on or about the <br /> Demised Premises or the Common Area caused by the negligence or <br /> misconduct of Tenant, its employees, subtenants, licensees, or <br /> concessionaires, or of any other person entering the Shopping <br /> Center under express or implied invitation of Tenant, or arising <br /> out of the use of the premises by Tenant and the conduct of its <br /> business therein or arising out of any breach or default by Tenant <br /> in the performance of its obligations hereunder; and Tenant hereby <br /> . <br />
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