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10-28-1996 Council Packet
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10-28-1996 Council Packet
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payable to Lessor and Lessee as their interests may appear. Any loss adjustment shall <br />require the written consent of both Lessor and Lessee. <br />C. Comprehensive General liability insurance. Lessee shall maintain in effect <br />throughout the term of this Agreement comprehensive general liability insurance with <br />limits of not less than $2,000,000 per claim, and $5,000,000 for any number of claims <br />arising out of a single occurrence. Such insurance shall specifically insure L cssee against <br />all liability assumed by it under this Agreement, as well as liability imposed by law, and <br />shall name Lessor as an additional insured. <br />D. Lessor 's right to pay premiums on behalf of Lessee. All of the policies of <br />insurance referred to in this section shall be written m a form satisfactory to Lessor and <br />by insurance companies satisfactorv' to Lessor. Lessee shall pay all of the premiums for <br />insurance and deliver policies, or certificates of policies, to Lessor. In the event of the <br />failure of Lessee, cither to procure insurance as called for in this Agreement or to pay the <br />premiums for the insurance or to deliver the policies, or certificates of the policies, to <br />Lessor, Lessor shall be entitled, but shall have no obligation, to procure such insurance <br />and pay the premiums for the insurance, whieh premiums shall be repayable to Lessor <br />within 30 days. Failure to repay the same shall cany with it the same consequence as <br />failure to pay any rental payment. Each insurer mentioned in this section shall agree, by <br />endorsement on the policy or policies issued by it, or by independent instrument furnished <br />to Lessor, that it will give to Lessor 30 days written notice before the policy or policies in
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