Laserfiche WebLink
<br />rating insurance companies) of not less than a rating of A, VII of A.M. Best and <br />Company (or equivalentfrating if another rating service is used.) All insurance <br />contracts shall be issued ¡for terms of not less than one year and shall contain a <br />provision that they are npt subject to cancellation, non-renewal or material reduction in <br />coverage as to the Premises unless Sublessor is served with written notice not later than <br />30 days prior to cancellation, non-renewal or material reduction in coverage. <br /> <br />15. Waiver of Subrogation. Subtenant for itself and its employees, agents and invitees <br />waives any and all rìghts to recover against Sublessor, its employees or agents or any <br />other tenant or occupandof 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 <br />or any other property insurance actually carried by the parties to the extent of the limits <br />of the policies. Subtenant, from time to time, will cause its insurers to issue <br />appropriate waiver of subrogation rights endorsements to all property insurance polices <br />carried in connection with the Land or the contents of the Building or the Premises. <br />,1 <br /> <br />16. Indemnification/HoJd Harmless. Sublessor, its partners, representatives, agents, <br />and their respective offiders and employees, shall not be liable to Subtenant, its <br />officers, directors, shareholders, agents, servants, employees, customers or invirees, <br />for any damage to person or property (including without limitation death or <br />disfigurement) occurring on the Land caused by or attributable to any act, omission or <br />neglect of Subtenant or its agents, employees or invitees. Subtenant agrees to <br />indemnify and hold harIIÛess Sublessor from all damages, claims, costs and expenses <br />(including without limitation, attorney's fees and other legal costs) as they are incurred <br />and finally awarded, ari~ing out of or in any way attributable to any such act, omission <br />or neglect of any kind oIt nature. Subtenant, its agents, employees or invitees and their <br />respective officers, directors and shareholders and employees shall not be liable to <br />Sublessor or to Sublessor's employees, agents, or invitees for anY.damage to person or <br />property caused solely and exclusively by any act, omission or neglect of Sublessor, its <br />employees or agents and Sublessor agrees to indemnify and hold harmless Subtenant <br />from all claims for such claims. <br /> <br />17. 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 <br />of 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 <br />of the Landlord's Notice; terminate this Sublease effective as of the date of the other <br />party's receipt of such nòtice of termination (but Subtenant shall be afforded a <br />reasonable period of tim~ (not to exceed 30 days) to vacate the Premises) and all Rent, <br />Additional Rent or other.sums due, abated in proportion to the portion. of the Premises <br />rendered unsuitable for use as provided below, shall be prorated as of that date. If the <br />repairs and restoration càn be accomplished within the Restoration Period, or if the <br />repairs cannot be done within the Restoration Period and neither pirty chooses to <br />terminate this Sublease, Sublessor shall, within 30 days after the date of Sublessor's <br /> <br />/--1 <br />