14-15060 - Laserfiche WebLink

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4. Tenant shall secure, pay for, and maintain, or cause its contractors and subcontractors to secure, pay for, and maintain, during the continuance of construction and fixturing work within the Premises, all of the insurance policies required in the amounts as set forth herein, together with such insurance as may from time to time be required by city,county, state or federal laws,codes, regulations or authorities. Tenant shall not commence, nor may it permit its contractors and subcontractors to commence any work, until all required insurance has been obtained, and, if Landlord requests, until Tenant's certificates of such insurance have been delivered to Landlord. Tenant's insurance policies shall name the Landlord and Landlord's Lender(s)as additional insureds. Tenant's certificates of insurance shall provide that no change or cancellation of such insurance coverage shall be undertaken without thirty (30)days prior written notice to Landlord. Landlord shall have the right to require Tenant, and Tenant shall have the duty,to stop work in the Premises immediately if any of the coverage Tenant is required to carry herein lapses during the course of the work, in which event Tenant's Work may not be resumed until the required insurance is obtained and satisfactory evidence of same is provided to Landlord. Tenant shall purchase, or cause to be purchased, General Contractor's and Subcontractor's Required Minimum Coverages and Limits of Liability as follows: (i) Worker's Compensation, as required by state law, and Employer's Liability Insurance with a limit of not less than $2,000,000.00 (or more if required by the law of the State)and any insurance required by any Employee Benefit Act or similar statute applicable where the work is to be performed, as will protect the contractor and subcontractors from any and all liability under the aforementioned act(s)or similar statute. (ii) Commercial General Liability Insurance (including Contractor's Protective Liability) in an amount not less than $2,000,000.00 per occurrence whether involving personal injury liability (or death resulting therefrom)or properly damage liability or a combination thereof(combined single limit coverage)with a minimum aggregate limit of$2,000,000.00. Such insurance shall include explosion,collapse and underground coverage. Such insurance shall insure each party's general contractor against any and all claims for personal injury,death,and damage to the property of others arising from its operations under its contract, whether such operations are performed by such party's contractors, subcontractors, or sub-subcontractors, or by anyone directly or indirectly employed by any of them. 5. All of Tenant's Work shall be completed in accordance with the relevant terms and conditions of the Lease, including the requirements of Section 7. 6. Landlord agrees to provide an allowance in the amount of $19,800 (the "Tenant Improvement Allowance"). The Tenant Improvement Allowance shall be paid to Tenant by Landlord within ten(10)days of the last to occur of the following: a. Substantial completion of Tenant's Work in the Premises; b. Issuance of a certificate of occupancy for the Premises; c. Submission of written evidence satisfactory to Landlord that all of Tenant's Work in the Premises was completed free of all liens and other encumbrances;and d. The Commencement Date.