2002 - 05-20-02 Regular Meeting - Laserfiche WebLink

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f_t22 c~~,< <8 r~cF 8~8 direction of the Landlord, but at the expense of Tenant. Such alterations, improvements, and changes shall remain a part of and be surrendered with the Premises unless the Landlord directs, in writing, at least thirty (30) days prior to termination of the Lease term, the Premises are to be restored to the original condition. Such restoration shall be accomplished within thirty (30) days after the expiration of this Lease at the expense of the Tenant. 12. INSURANCE. (a) Landlord agrees, at its sole expense, to maintain in full force and effect throughout the entire term of this Lease general fire and extended coverage insurance including vandalism and general comprehensive liability insurance. (b) Tenant agrees to take out and keep in force during the term hereof, without expense to Landlord, with an insurance company with general policy holder's rating of not less than AAA and a financial rating of not less than Class X as rated in the most current Best's Insurance Reports and qualified to do business in the state in which the Premises are located or other company acceptable to Landlord, comprehensive public liability insurance, in the name of Tenant and naming Landlord as an additional insured, against any liability for injury to or death of persons resulting from any occurrence in or about the Premises and for damage to Property in such amounts as may from time to time be customary with respect to similar properties in the same area, but in any event not less than $1,000,000.00. The amounts of such insurance required hereunder shall be adjusted from time to time as requested by Landlord based upon Landlord's determination as to the amounts of such insurance generally required at such time to comparable premises and buildings in the general geographical area of the Premises. True copies of said policies or certificates thereof showing the premium thereon to have been paid should be delivered to Landlord upon request. All such policies shall provide that they shall not be cancelled nor coverage reduced by the insurer without first giving at least thirty (30) day's prior written notice to Landlord. If Tenant fails to procure and keep in force such insurance, Landlord may procure it, and the cost thereof with interest at the maximum lawful rate shall be payable immediately by Tenant to Landlord as additional rent. Such insurance may be provided by blanket insurance policy covering the Premises, so long as the coverage on the Premises is at all times at least as great as required by this subsection. (c) To the extent of any and all insurance maintained by either Landlord or Tenant in any way connected with the Premises, Landlord and Tenant hereby waive on behalf of their respective insurance carrier any right of subrogation that may exist or arise as against the other party to this Lease. (d) To the extent Landlord also maintains any insurance in any way connected with the Premises, Landlord's insurance shall be excess coverage and Tenant's insurance shall be primary coverage. 9