Laserfiche WebLink
specifically A.M. Best and Company so long as such company is engaged in rating <br />insurance companies) of not less than a rating of A, VII of A.M. Best and Company (or <br />equivalent rating if another rating service is used.) All insurance contracts shall be issued <br />for terms of not less than one year and shall contain a provision that they are not subject <br />to cancellation, nonrenewal or material reduction in coverage as to the Premises unless <br />Sublessor is served with written notice not later than 30 days prior to cancellation, non- <br />renewal or material reduction in coverage. <br />17. Waiver of Subroeation. Subtenant for itself and its employees, agents and invitees <br />waives any and all rights to recover against Sublessor, its employees or agents or any <br />other tenant or occupant of the Building, for any loss or damage arising from any cause <br />covered by any insurance required to be carried by the parties pursuant to this Sublease or <br />any other property insurance actually carried by the parties to the extent of the limits of <br />the policies. Subtenant, from time to time, will cause its insurers to issue appropriate . <br />waiver of subrogation rights endorsements to all property insurance polices carried in <br />connection with the Land or the contents of the Building or the Premises. <br />18. Indemnificatioi!/Hold Harmless. Sublessor, its partners, representatives, agents, <br />and their respective pfficers and employees, shall not be liable to Subtenant, its officers, <br />directors, shareholders, agents, servants, employees, customers or invitees, for any <br />damage to person or~property (including without limitation death or disfigurement) <br />occurring on the Lard caused by or attributable to any act, omission or neglect of <br />Subtenant or its agents, employees or invitees. Subtenant agrees to indemnify and hold <br />harmless Sublessor from all damages, claims, costs and expenses (including without <br />limitation, attorney's fees and other legal costs) as they are incurred and finally awarded, <br />arising out of or in any way attributable to any such act, omission or neglect of any kind <br />or nature. Subtenant, its agents, employees or invitees and their respective officers, <br />directors and shareholders and employees shall not be liable to Sublessor or to <br />Sublessor's employees, agents, or invitees for any damage to person or property caused <br />solely and exclusively by any act, omission or neglect of Sublessor, its employees or <br />agents and Sublessori agrees to indemnify and hold harmless Subtenant from all claims <br />for such claims. <br />19. Casualty. If the Building or any systems serving the Building or the Premises are <br />damaged by fire or other casualty, Sublessor shall, within forty five (45) business days of <br />such casualty, notify~Subtenant (the "Sublessor's Notice") whether or not in the <br />reasonable determination of Sublessor, the damage can be repaired within 180 days of <br />such notice (the "Restoration Period"). If repairs and restoration cannot be completed <br />within the Restoration Period either party may, at its option, within 90 days of receipt of <br />the Landlord's Notice, terminate this Sublease effective as of the date of the other party's <br />receipt of such notice of termination (but Subtenant shall be afforded a reasonable period <br />of time (not to exceed 30 days) to vacate the Premises) and all Rent, Additional Rent or <br />other sums due, abatfd in proportion to the portion of the Premises rendered unsuitable <br />for use as provided below, shall be prorated as of that date. If the repairs and restoration <br />can be accomplished'~within the Restoration Period, or if the repairs cannot be done <br />within the Restoration Period and neither party chooses to terminate this Sublease, <br />Sublessor shall, withjln 30 days after the date of Sublessor's Notice, commence the <br />repairs and restoration and proceed with all due diligence to restore the Building or the <br />~- I '~ <br />