11.06 -Trailside Building Lease - Laserfiche WebLink

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Trailside Building Lease Agreement Page 3 -------------------------------------------- `' liens filed or established against the leased premises, and in such event may permit the items so contested to remain undischarged and unsatisfied during the period of such contest and any appeal there from unless the Landlord shall notify the Tenant that, in the opinion of independent counsel,by nonpayment of any such items the rights or interest of the landlord will be materially endangered or the leased premises or any part thereof will be subject to loss or forfeiture, in which event the Tenant shall promptly pay and cause to be satisfied and discharged all such unpaid items. The Landlord will cooperate promptly and fully with the Tenant in any such contest. Except as expressly provided in this Section, the Tenant will promptly, at its own expense, take such action as may be duly necessary to discharge or remove any such mortgage,pledge, charge, lien, encumbrance or claim if the same shall arise at any time, and shall reimburse the Landlord for any expense incurred by the Landlord in order to discharge or remove any such mortgage,pledge, charge, lien, encumbrances or claim. 13. Tenant shall be responsible for all taxes and assessments upon the leased premises, if any. 14. Tenant shall obtain and at all times maintain in force, fire and extended coverage insurance (including coverage against loss or damage by fire, wind, lightning, extended coverage perils, vandalism and malicious mischief) on the leased premises and all structures, improvements, fixtures and equipment constituting `..� the leased premises, other than building foundations and excavations, on a replacement cost basis to the extent of the full insurable value of the property to be so insured (without deduction for depreciation, architectural, engineering, legal or administrative fees), together with broad form boiler and machinery insurance on all equipment and objects customarily covered by such insurance and providing for full repair and replacement cost coverage. Landlord shall be named as an additional insured on any such policies. 15. The Tenant agrees that it will carry public liability insurance with reference to the leased premises in the single limit amount of$1,000,000.00. The Landlord shall be named as an additional insured under any such policies. 16. Any such insurance policy issued to satisfy requirements of this Lease shall be so written or endorsed as to make losses, if any,payable to the Landlord and the Tenant as their respective interests may appear. Each such insurance policy shall contain a provision to the effect that the insurance company shall not cancel the same without first giving written notice thereof to the Landlord at least 30 days in advance of such cancellation, and the Tenant shall deliver to the Landlord duplicate copies of certificates of insurance pertaining to each such policy of insurance procured by the Tenant and agrees to keep such duplicate copies of certificates up to date.