7.3 SR 03-01-2021 - Laserfiche WebLink

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informed of the status of the proceedings, and if the proceedings are brought in the naive of Landlord, consult in good faith with Landlord regarding the conduct of the proceedings. 5.5 Receipts. If requested by Landlord, Tenant shall furnish Landlord, within thirty (30) days after the date upon which any Taxes are payable by Tenant, official receipts of the appropriate taxing authority, or other appropriate proof reasonably satisfactory to Landlord, evidencing the payment of the same. If the provisions of Section 5.3 are applicable and the Tenant is required to pay, monthly, the appropriate amount of the Taxes into an escrow account, then if requested by Tenant, Landlord will furnish to Tenant within thirty (30) days after the date upon which any Taxes are payable by Landlord, official receipts of the appropriate taxing authority, or other appropriate proof reasonably satisfactory to Tenant, evidencing the payment of the Taxes. ARTICLE 6 INSURANCE 6.1 Property Insurance. (a) The Premises. Tenant shall obtain and continuously maintain in full force and effect during the Term, at its sole cost and expense, property insurance insuring the Premises for perils covered by the special perils extended coverage form ("all risk") or comparable broad form coverage satisfactory to Landlord and in addition, vandalism and malicious mischief, terrorism, ordinance or law coverage (including demolition cost, increased cost of construction, and loss to undamaged improvements), and boiler and machinery damages (if applicable) and insurance providing coverage for loss of Rents for at least 12 months of Rent. Such insurance shall be written on 100% full replacement cost basis and shall be in such form or with such endorsements as necessary to prevent the operation of any co-insurance penalty, and with such further coverages and provisions as may be required by a Mortgagee. The policy shall name Landlord and Mortgagee (as hereinafter defined) holding a Mortgage (as hereinafter defined) upon the Premises as loss payees with respect to the Premises. Such property insurance shall be primary and not contributing to any insurance available to Landlord and Landlord's insurance, if any, shall be in excess thereto. All insurance proceeds shall in all respects be made available to repair and restore the Premises in accordance with Article 12. Not more frequently than every five (5) years, if in the reasonable opinion of the Landlord the amount of Tenant's property insurance is found to be inadequate, Tenant will increase the insurance amount as reasonably required by Landlord. The deductible for coverage under this Section shall not exceed $10,000, or such larger amount as may be allowed by Landlord or any Mortgagee, from time to time. For purposes of this lease the term (a) "Mortgage" means any first priority mortgage which now or at any time hereafter may be placed upon the premises, and any replacements, renewals, amendments, modifications, extensions or refinancing of any of the foregoing, (b) "Mortgagee" means (i) any person identified as such in writing to Tenant which makes a loan to the Landlord evidenced by a note and secured in whole or in part by a Mortgage, or (ii) is the holder of a Mortgage and a note as a result of an assignment or purchase thereof, or (iii) is the trustee acting on behalf of a Certificate Holder if the loan or interests in the loan are deposited with a trust which sells certificates to investors, and (c) "Certificate Holder" means the holder of interest that evidences an ownership interest in the assets of a trust that is holding a loan or interests in a loan secured by a Mortgage.