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KCAP Holdings Inc. 7/24/2017
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KCAP Holdings Inc. 7/24/2017
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Entry Properties
Last modified
9/13/2017 10:34:03 AM
Creation date
9/13/2017 10:33:56 AM
Metadata
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Contracts
Contractor's Name
KCAP Holdings Inc.
Approval Date
7/24/2017
End Date
6/30/2018
Department
Facilities
Department Project Manager
Barbara Hardman
Subject / Project Title
Lease 6209 Evergreen Way Jiffy Lube Site
Tracking Number
0000816
Total Compensation
$0.00
Contract Type
Agreement
Contract Subtype
Lease
Retention Period
6 Years Then Destroy
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This paragraph does not purport to indemnify the Lessor against liability for damages <br /> arising out of bodily injury to persons or damages caused by or resulting from the sole <br /> negligence of the Lessor, its officers, employees and agents; provided, that if the claims or <br /> damages are caused by or result from the concurrent negligence of(a) the Lessor, its officers, <br /> employees or agents, and(b)Lessee, its agents, servants, employees, officers, subcontractors, <br /> sublicensees, sublessees, successors or assigns, this indemnity provision shall be valid and <br /> enforceable to the extent permitted by law. The Lessee specifically and expressly waives any <br /> immunity under Industrial Insurance, Title 51 R.C.W., and acknowledges that this waiver has <br /> been mutually negotiated by the parties. <br /> LIABILITY INSURANCE: The Lessee shall, at its own expense,maintain General <br /> Commercial Liability Insurance with a reputable insurance company or companies satisfactory to <br /> the Lessor, in the minimum limits of one million dollars ($1,000,000 per occurrence and no less <br /> than $2,000,000 in the annual aggregate. The Lessee agrees to supply the Lessor with a <br /> certificate of insurance establishing(1)that its insurance obligations as herein provided have <br /> been met, (2)that the insurance policy or policies as herein required are not subject to <br /> cancellation without at least thirty(30) days advance written notice to the Lessor, and(3)that the <br /> City of Everett, its officers, employees and agents are named as an additional named insured. <br /> SUBLETTING AND ASSIGNMENT. Lessee shall not sublet the whole or any part of <br /> said Premises, nor assign this lease, or any part thereof,without the written consent of Lessor <br /> which consent shall not be unreasonably withheld. If consent is once given by Lessor to the <br /> assignment of this lease, or any interest therein, Lessor shall not be barred from afterward <br /> refusing to consent any further assignment. This lease shall not be assignable by operation of <br /> law. <br /> Any assignment made by Lessee shall not become effective until the assignee, in writing, <br /> shall assume this lease and agree to perform and be bound by all of the obligations of Lessee <br /> accruing under this lease from and after the date of such assignment. In the event of such an <br /> assignment and assumption,Lessor shall remain bound by all of the obligations of Lessor <br /> accruing under this lease and,regardless of Lessor's consent,no subletting or assignment shall <br /> release Lessee of Lessee's obligation or alter the primary liability of Lessee to pay the rent and to <br /> perform all other obligations to be performed by Lessee hereunder. Acceptance of rent by <br /> Lessor from any other person shall not be deemed to be a waiver by Lessor of any provision <br /> hereof. Consent to one assignment or subletting shall not be deemed consent to any subsequent <br /> assignment or subletting. <br /> 9 <br />
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