Chan Truong 6/30/2017 - Laserfiche WebLink

8. LIABILITY INSURANCE: The Lessee shall, at its own expense, maintain General Commercial Liability Insurance with a reputable insurance company or companies satisfactory to the Lessor, in the minimum limits of one million dollars ($1,000,000 per occurrence and no less than$2,000,000 in the annual aggregate. The Lessee agrees to supply the Lessor with a certificate of insurance establishing (1)that its insurance obligations as herein provided have been met, (2) that the insurance policy or policies as herein required are not subject to cancellation without at least thirty (30) days advance written notice to the Lessor, and (3)that the City of Everett, its officers, employees and agents are named as an additional named insured. 9. SUBLETTING AND ASSIGNMENT. Lessee shall not sublet the whole or any part of said Premises, nor assign this lease, or any part thereof', without the written consent of Lessor which consent shall not be unreasonably withheld. If consent is once given by Lessor to the assignment of this lease, or any interest therein, Lessor shall not be barred from afterward refusing to consent any further assignment. This lease shall not be assignable by operation of law. Any assignment made by Lessee shall not become effective until the assignee, in writing, shall assume this lease and agree to perform and be bound by all of the obligations of Lessee accruing under this lease from and after the date of such assignment. In the event of such an assignment and assumption, Lessor shall remain bound by all of the obligations of Lessor accruing under this lease and, regardless of Lessor's consent, no subletting or assignment shall release Lessee of Lessee's obligation or alter the primary liability of Lessee to pay the rent and to perform all other obligations to be performed by Lessee hereunder. Acceptance of rent by Lessor from any other person shall not be deemed to be a waiver by Lessor of any provision hereof. Consent to one assignment or subletting shall not be deemed consent to any subsequent assignment or subletting. In the event of a permitted assignment of this Lease, Lessor, without having advice from the Lessee to the contrary, shall at such time credit all unearned rental hereunder to the assignee. Any other disposition of unearned rental will be made by Lessor only upon the joint written request of both Lessee and Lessor's Assignee at the time of submitting said assignment to Lessor for its consent. 10. CASUALTY REBUILDING CONDEMNATION. In the event the any portion of the Premises are destroyed or damaged by fire or other causes to such an extent that the Lessor shall decide to discontinue the operation of the Premises, which decision shall be communicated to Lessee within thirty (30) days after such damage or destruction,then this lease shall be terminated as of the date of such damage or destruction. In the event of damage to the Premises by fire or other causes, other than under the circumstances described in the preceding sentence, Lessor shall repair the Premises within a reasonable time and as quickly as circumstances will permit upon the same plan as immediately before the damage or destruction. Until the Premises are repaired and put in a good and tenantable order, the rents herein provided for, or a fair and just proportion thereof according to the nature and extent of the damage sustained, shall be abated until the Premises shall have been restored to the same condition as they were before such damage or destruction. In the event that the Premises are not usable as contemplated in this agreement for over 180 days due to the damage, Lessee shall have the right to terminate the lease. 3