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4.12. SR 11-16-2015
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4.12. SR 11-16-2015
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assessments, or other similar expenses required to be paid by Tenant hereunder shall be apportioned <br /> in the same manner as such taxes were apportioned prior to the Effective Date, and Landlord shall <br /> pay that portion thereof applicable to the period after the expiration of the term of this Lease. <br /> 15. Insurance. Tenant shall maintain,in full force and effect during the Lease Term, a <br /> policy or policies of commercial general liability insurance including contractual liability coverage <br /> insuring against the tort liabilities assumed under this Lease in the amount of not less than three <br /> million ($3,000,000) dollars for any one occurrence. Landlord and Tenant shall both be named <br /> insureds on any such policies. Tenant shall deliver a certificate of insurance evidencing such <br /> coverage to Landlord. Such policy shall contain a provision requiring thirty(30)days written notice <br /> to Landlord before cancellation of the policy can be effected. <br /> 16. Indemnification. Tenant agrees to hold Landlord harmless from and indemnify <br /> Landlord against any and all liabilities,damages and expenses arising from injury,damage or loss to <br /> or caused by Tenant, its employees, guests, agents, subtenants or visitors, on or about the Leased <br /> Premises. Tenant shall make no claim against Landlord for any loss of or damage to the personal <br /> property of Tenant stored upon or located on the Leased Premises caused by theft, burglary, the <br /> elements or other means, unless said loss or damage is caused by gross negligence or willful <br /> misconduct of Landlord. <br /> 17. Assignment and Subletting. <br /> (a) Tenant's Rights. Except for the Tenant's right to lease of the Facility to Company, <br /> Tenant may not assign this Lease,lease the Leased Premises to anyone else(sublet), sell this Lease <br /> or permit any other person to use the Leased Premises without the prior written consent of Landlord, <br /> which consent may not be unreasonably withheld, conditioned or delayed by Landlord. Except as <br /> permitted herein,any assignment or sublease made without Landlord's prior written consent will not <br /> be effective and will not be accepted by Landlord. <br /> (b) Landlord's Rights. Landlord may sell the Leased Premises and assign its rights under <br /> this Lease at any time at its sole discretion;however,any such assignee shall be liable for compliance <br /> with the terms and obligations of Landlord,including but not limited to those terms and obligations <br /> as set forth the Transfer Agreement. <br /> 18. Surrender of Leased Premises. Tenant shall remove all of Tenant's equipment and <br /> other personal property from the Leased Premises when the Lease Term ends. <br /> 4 <br />
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