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4.5 SR 05-16-2022
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4.5 SR 05-16-2022
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5/16/2022 9:52:11 AM
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C. Each insurance policy required hereunder shall provide that the insured party <br />has relinquished all rights to recover against the other party for loss or damage resultingfrorn <br />perils insured against by the policy, to the extent of the coverage" Each party waives any claim. <br />against the otherfor any loss or damage which is covered. by insurancemaintained pursuant to <br />this Sub -Lease. Landlord. and Tenant shall promptly notify their respective insurance carrier(s) <br />of this waiver of stibrogatiora..rights. <br />D. In the event that the use of the Demised Premises by Tenant increases the <br />Premium rate for insurance carried by Landlord on the:property, the Building on any portion. <br />thereof, Tenant slu.all pay Landlord upon. demand the amount of such premium. . increase. If <br />Tennant i nstalls or uses any electrical egnuip e t that overloads the power fines to the Building <br />or its iriuu.g, "I'errnant shall, at its own. expense, make whatever changes are necessary to comply <br />its the requirements of the insurance underwriter,insurance rating bureau, and. governmental <br />authorities having jurisdiction. <br />E. Tenant shall duurin.g the term. hereof beep in. full force and effect at its expense a <br />policy or policies of public liability isurance with respect to the Demised Premises and the <br />business of Tenant, under limits of liabilitynot less than $1,000,000 combined single limit. Such <br />policy or policies shall provide that term (10) days written notice must be given. to Landlord <br />prior to cancellation. or material amendment thereof. Tenant shall furnish evidence satisfactory <br />to Landlord at the time this Sub -Lease is executed and thereafter, on. request, that such. coverage <br />is in full force and effect. Tenarnt"s provp.d° g insurance as prescribed herein. does not release <br />Tenant from. liability to Landlord under this Sub -Lease or otherwise under applicable law, nor <br />does it otherwise limit that liability, except as to those claims expressl-y waived under another <br />provision. of this Sub Lease. Tenant will indemnify .. °fy and defend. Landlord and hold Landlord. <br />harmless, including :reasonable attor ey s fees, from claims for personal. injury or property <br />damage asserted. by Ternan.fs employees, agents,invitees, or any other person, or any business <br />entity, arising from. Tenant's operations on the Demised. Premises during the term of this Sub - <br />Lease. <br />ARTICLE LL 14. NON-LIABILM <br />Unless caused by Landlord's gross negligence, under no circumstances shall Landlord <br />be liable to Tenant or persons claiming through Tenant for any loss or da ..age to any property <br />of Tenant or of others by theft or destruction, any injury or damage to person.s or property <br />resulting from. fare, explosion, falling plaster, steam, gas, electricity, water, rain. or snow or leaks <br />:from. any part of the Property or from. the pipes, appliances, or plumbing works or from. the <br />roof, street or subsurface or from. any other place or by dampness or by any other cause of <br />whatsoever nature. finder no circumstances starn.ces ill Landlord be liable to Tenant or persons <br />claiming through Tenant for any such. damage caused by any other tenant, other occupant, or <br />invitee of the property, or thepuulalic, or caused by operations in construction of any private, <br />public or quasi -public work, or caaused by the absence or interruption of utilities; anyloss or <br />damage resulting from. acts of God. or any cause beyond. Larn.dlord"s neaso lble control; any Loss <br />or damage caused. by Landlord's failure to :canna e the Dernised Premises available for occupancy <br />on. the scheduu.led commencement date of theSub-Lease term; or any consequential damage no <br />:matter what the cause. <br />
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