AG 2009 03 16 - Laserfiche WebLink

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i ' 3.1.5 Remittance. Remittance for all Additional Rent payable hereunder shall be made to Landlord at Post Office Box 46, Kannapolis, North Carolina 28082-0046, or at such other ' place as may be designated by Landlord in writing from time to time. 3.1.6 Late Payments. In the event that Tenant shall fail to make any of the payments ' required in this ARTICLE 3 for a period of fifteen (15) days after the date due, the item or installment so in default shall continue as an obligation of Tenant until the amount in default shall have been fully paid, and Tenant agrees to pay the same with interest thereon at the rate (the "Default Rate") of the prime rate of interest announced from time to time by Wachovia Bank at its ' corporate office in Charlotte, North Carolina as its "base rate" from the date due until paid. 3.2 Telephone. Internet. Other Communication Costs. Tenant shall pay prorated charges for all . telephone, internet or other communication services used in, upon or from the Premises. 3.3 Liability Insurance. Tenant agrees to carry at its own expense throughout the term of this ' Lease the following insurance covering the Premises and Tenant's use thereof, in accordance with the requirements set forth below: 3.3.1 Requirements. During the Term, Tenant shall maintain a policy of commercial ' general liability insurance (sometimes known as broad form comprehensive general liability insurance; "claims-made" form is not allowed) insuring Tenant against liability for bodily injury, property damage (including loss of use of property) and personal injury arising out of the operation, ' use or occupancy of the Premises. The initial amount of such insurance shall be One Million Dollars ($1,000,000) per occurrence and shall be subject to periodic increases based upon inflation, increased liability awards, recommendation of Landlord's professional insurance advisers and other ' relevant factors. The liability insurance obtained by Tenant under this Section 3.3 shall (i) be primary and non-contributing; (ii) contain cross-liability endorsements; and (iii) insure Landlord against Tenant's performance under Section 4.3, if the matters giving rise to the indemnity under Section 4.3 result from negligence of Tenant. The amount and coverage of such insurance shall not ' limit Tenant's liability nor relieve Tenant of any other obligation under this Lease. Landlord shall be named as an additional insured. Tenant shall provide Workers Compensation coverage for employees working on the Premises in accordance with law. 1 ~~ 3.3.2 Evidence of Insurance. Upon delivery hereof and thereafter not less than ten (10) days prior to the expiration dates of the expiring policies, certificates of insurance or binders evidencing coverage for the policies provided for in this Section 3.3.3 shall be delivered to Landlord. Tenant may procure and keep in force, in place of separate policies, blanket policies of insurance having the same coverage and provisions as are herein required with respect to separate policies. If such blanket insurance is so furnished, Tenant shall deliver to Landlord, in lieu of separate certificates as hereinabove required, a certificate of insurance of such blanket policy, stating the amount allocated to the Premises shall be promptly delivered by Tenant to Landlord upon notice from Landlord to Tenant requesting such copies. 3.3.3 Failure to Obtain. If Tenant fails to obtain or maintain the above required insurance or, at the option of Landlord, Landlord may acquire the insurance required by this Section 3.3 and Tenant, upon demand, will reimburse Landlord for such expenses. If Landlord exercises its option to acquire any of the insurance, it shall prior to acquiring such insurance notify Tenant of its F-6 Attachment number 1 Page 180 of 286