Reso 2011-1749 - Laserfiche WebLink

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approval from Landlord, nor shall any Acceptable Vendor materially change its restaurant concept without prior approval of the Landlord. If an Acceptable Vendor vacates the premises, Tenant shall use its best effort to find a replacement Acceptable Vendor. However, after the initial thirty (30) year term of this lease, Tenant shall have nine (9) months of any vacancy to find a replacement Vendor with the terms and conditions set forth in this Article VII. If Tenant fails to contract with a replacement Acceptable Vendor within said nine (9) months, it shall be a material default under this Lease unless an extension is granted by the Landlord to find an Acceptable Vendor. ARTICLE VIII Insurance and Indemnity Section 1. Insurance. Tenant shall, at its sole cost and expense, provide and keep in full force and effect upon commencement of construction, except as provided below, of Tenants Improvements on the Premises, the following insurance coverages: (a) Insurance against fIre and other hazards (including flood and windstorm insurance, subject to the statutory coverage limits) on an "all risks" basis in an amount not less than the then full replacement cost (excluding the cost of excavation, foundations and footings) of the Improvements. (b) General public liability insurance in an amount not less than $1,000,000 per incident basis, such insurance to cover buildings and improvements including elevators and escalators and all public areas therein, streets, alleys and sidewalks adjacent thereto. (c) Worker's compensation insurance covering all persons employed in connection with any work done on or about the Premises and the Improvements (if any) in such amounts and to the extent required by law. (d) Builder's risk insurance during any period of construction of any improvements, insuring the improvements against all casualties on a progressively insured basis for not less than one hundred percent (100%) of the replacement cost of the improvements on a completed value form. (e) During the construction of Tenant's Improvements, the Tenant shall be required to only have in effect the general public liability insurance and Builder's risk insurance as noted above. Section 2. Additional Insured. All insurance policies required to be provided and kept in full force and effect under the terms of this Article VIII shall be issued by insurance companies reasonably acceptable to Landlord, but ones not rated less than a minimum of A-VIII rating and shall name Landlord as additional insured. All policies of insurance shall, to the extent obtainable, provide that, in the event any act or negligence of Tenant which might otherwise result in a forfeiture of said insurance, the insurer shall not thereby have a defense to Landlord's claim. All policies of insurance required hereunder shall be endorsed to provide that they shall not be cancelled, the coverage reduced and the terms shall not be materially changed without thirty (30) days' prior written notice to Landlord. Tenant shall deliver to Landlord certificates of 15