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AG19910415
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AG19910415
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Last modified
3/28/2003 9:14:47 AM
Creation date
11/27/2017 12:03:21 PM
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Meeting Minutes
Doc Type
Agenda
Meeting Minutes - Date
4/15/1991
Board
Board of Commissioners
Meeting Type
Regular
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is not in default hereunder, Tenant shall have the right to <br /> remove ali or any part of the Tenant's equ~ipment, fixtures, or <br /> signs from the Demised Premises at any time, provided Tenant <br /> shall repair or reimburse Landlord for the cost of repairing any <br /> damage to the Demised Premises resulting from the installation or <br /> removal of such items. Landlord shall have the right to approve <br /> all signs installed by Tenant. <br /> <br /> 7. Liability Insurance. Tenant shall carry, at its expense, <br />public liability insurance on the Demised Premises, with a <br />· contr'actual liability endorsement in favor of the Landlord on the <br />policy, with a company qualified to transact business in North <br />Carolina, stipulating limits of liability of not less than One <br />Million Dollars ($1,000,000.00) for an accident affecting any one <br />person; not less than One Million Dollars ($1,000,000.00) for an <br />accident affecting more than one person; and Two Hundred Fifty <br />Thousand Dollars ($250,000.00) property damage. <br /> <br /> 8. Fire Insurance. Tenant shall carry, at its expense, <br /> fire extended coverage insurance on the Demised Premises in the <br /> amount of full insurable value thereof, naming Landlord as <br /> Primary Insured thereunder. Tenant may carry such insurance on <br /> the contents of the building as Tenant deems necessary. In the <br /> event the Demised Premises shall be destroyed or damaged by fire, <br /> or other casualty, less than fifty percent (50%) in value, then <br /> Landlord shall promptly rebuild or restOre such premises. In the <br /> event the Demised Premises shall be totally destroyed or damaged <br /> to the extent of fifty percent (50%) or more of the value thereof <br /> <br /> 3. <br /> <br /> <br />
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