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Broadway & Pearl Assoc
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Broadway & Pearl Assoc
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Last modified
5/11/2010 9:56:50 AM
Creation date
10/3/2008 3:54:03 PM
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PW_Exec
PW_Division_Exec
Administration
PWA_Project_Area
Contracts
PW_Subject
1994-00290 Central Building
Document_Date
11/18/1994
External_View
No
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Tenant, upon notice from Landlord, shall defend the same at Tenant's <br />expense. by counsel reasonably satisfactory to Landiord. The <br />indemnification provided for in this paragraph with respect to any acts <br />or omission during the term of this Lease shall survive any termination <br />or expiration of this Lease. Landlord shall not be liable for interference <br />with light or air or view. Tenant shall promptly notify Landlord of <br />casualties or accidents occurring in or about the Leased Premises. <br />13.2 Insurance. <br />During the entire Term Tenant shall, at its expense, maintain <br />adequate (iability insurance with an insurance company or companies <br />acceptable to Landlord with a combined single limit of $2,000,000 for <br />personal injuries and property damage, to indemnify both Landlord <br />and Tenant against any such claims, demands, losses, damages, <br />liabilities' and expenses. Landlord shall be named as one of the <br />insureds:and shall be furnished with a certificate of such insurance, <br />which shalf bear an endorsement that the same shall not be canceled <br />except upon not less than thirty (30) days' prior written notice to <br />Landlord. Tenant shall also at its own expense maintain, during the <br />Term, all-risk insurance covering its furniture, fixtures, equipment and <br />inventory in an amount equal to the replacement cost thereof, and <br />insurance. covering all plate glass and other glass on the Leased <br />Premi,ses. Tenant shall provide Landlord with copies of the policies of <br />insurance or certificates thereof. In lieu of liability insurance, Tenant <br />may provide written evidence satisfactory to Landlord that Tenant has <br />financial resources available to support indemnification and insurance <br />requirements of this section. <br />13.3 Waiver of Subroqation. <br />Landlord and Tenant hereby mutually release each other from liability <br />and waive all right of recovery against each other, their agents or <br />employees, for any loss in or about the Leased Premises, from perils <br />insured against under their respective fire and all-risk insurance <br />contracts, including any extended coverage endorsements thereof, <br />whether due to negligence or any other cause; provided that this <br />Subsection shell be inapplicable if it would have the effect, but only to <br />the extent it would have the effect, of invalidating any insurance <br />coverage of Landlocd or Tenant. <br />~' • _Flease Initial <br />~~ ~ <br />Land ord Tenant <br />Lease Agreement -9 <br />
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