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Reso 2005-787
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Reso 2005-787
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Last modified
2/10/2016 3:13:42 PM
Creation date
1/25/2006 1:57:53 PM
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CityClerk-Resolutions
Resolution Type
Resolution
Resolution Number
2005-787
Date (mm/dd/yyyy)
04/14/2005
Description
Lease Agmt w/Vanguard Car Rental USA, Inc (1st Addendum)
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<br />Liability Insurance, which is in fuJJ compliance wirh the applicable Workers' Compem3lion st;lle 13...... <br />from an insurer reasonably acceptable [0 L3ndJord. <br /> <br />F. Insurance required hereunder shall be written on an occurrence basis and <br />shall be in companies holding a "General Policyholders Rating" of at least A-X, as set forth in the <br />most current issue of "Best's Key Rating Guide, Property and Casualty," or such other similar guide <br />as may be published by Best. Tenant shall deliver to Landlord certificates evidencing the existence <br />and amounts of such insurance, with loss payable clauses as required by this Paragraph 13. No such <br />policy shall be cancelable or subject to reduction of coverage or other modification except after thirty <br />(30) days' prior written notice to Landlord. Tenant shall, at least thirty (30) days prior to the <br />expiration of such policies, furnish lAndlord with renew;1ls or "binders" thereof. or if Tenanr fails <br />to furnish such renewals, then Landlord may order such insurance and charge the cost thereof to <br />Tenant, which amount shall be payable by Tenant upon demand. <br /> <br />G. So long as there exists an assignee or subtenant on the Premises which is <br />required, by the tenns of its assignment or sublease, 10, and does, carry and maintain insurance which <br />15 no less comprehenSive than that described above, and which names Landlord as an additional <br />insured thereon or loss payee thereof, as the case may be, then Tenant shall have noobligalion during <br />the tem of such assignment or sublease to carry the insurance required hereunder. <br /> <br />H. In no event shall the limits of any insurance required to be carned by Tenant <br />pursuant to the tenns of this Lease limit the liability and responsibility of Tenant hereunder. <br /> <br />14. Waiver of Subrogation. All insurance policies carried by Tenant covering the <br />Premises, any contents thereof, fire and casualty shall expressly waive all rights of recovery against <br />the L:lndlord for such loss or damage, whether due to the negligence of Landlord or Tenant or any <br />of their agents, employees, contractors and/or invitees. The Tenant agrees that its policies will <br />include such waiver clause or endorsement so long as the same is obtainable without extra cost and, <br />in the event of such an extra charge, the lAndlord, at its election may pay the same but shall not be <br />obligateq to do 50. <br /> <br />15. Utilities and Senices. Tenant shall, during the entire term of this Lease, procure <br />and pay for aJI utIlities and services supplied to or used on the Premises, including but not limited <br />to water, gas, heat, light, power, telephone, security, and janitorial services, together with any taxes <br />thereon. <br /> <br />16. Real Prooerty Taxes <br /> <br />A. Tenant shall pay directly to the applicable county tax collector, or other <br />appropriate assessmg authority, as it becomes due and not less than fifteen (15) days before <br />delinquency, the cost of the Real Property Taxes, as defined in Subparagraph (B) of this Paragraph, <br />applicable to the Premises during the term of this Lease, and shall provide evidence of payment to <br />Landlord (e.g, paid receipts) not less than ten (10) days before delinquency. Notwithstanding the <br /> <br />MlA95! 011712481 <br /> <br />] 5 <br /> <br />-- - -- ......--. ~ -- - - <br /> <br />SIR <br />U'iJ W <br />
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