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Agmt15 Premia 550 Owner LLC
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Agmt15 Premia 550 Owner LLC
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Last modified
9/19/2018 4:33:30 PM
Creation date
12/16/2015 12:32:09 PM
Metadata
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Template:
Agreement
Contractor Name
Premia 550 Owner LLC
PROJECT NAME
License for Interim parking at 707 and 777 Bradford St for construction at 550 Allerton: Filed in project file 304 Premia South County LLC
RMP File Number
304.5
Date
12/15/2015
MO Ref
15-188
Amendment
Yes
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E. Other. <br /> 1) The minimum limits of policies of insurance required of LICENSEE under <br /> this Agreement shall in no event limit the liability of LICENSEE under this Agreement. <br /> Such insurance shall: (i) name CITY as an additional insured; (ii) be primary insurance <br /> as ta all ciaims thereunder and provide that any insurance carried by CITY is excsss and <br /> is non-contributing with any insurance requirement of LICENSEE; (iii} provide that such <br /> insurance shall not be canceled or coverage changed unless thirty (30) days' prior <br /> written notice shall have been given to CITY; and (iv) contain a waiver of subrogation <br /> and cross-liability endarsement or severability of interest clause acceptable to GITY. <br /> LICENSEE shall detiver certificates thereof on or before the Commencement Date and <br /> delivery of such policy or poticies shall be a prerequisite to and condition of LICENSEE's <br /> right to use the Cifiy Property pursuant to this Agreement. <br /> 2) For all liability policies required above, LICENSEE shall cause CITY to <br /> be named as a Certificate Halder on Accord-25 Cert�icates af Insurance that contain <br /> language requiring 30 days written notice to CITY in the event of cancellation or material <br /> change in any scheduled policy. <br /> 3) For all properky policies required above, LICENSEE shall cause CITY to <br /> be named as a Certificate Holder on Accord 27 Certificates of Insurance that contain <br /> language requiring 30 days written notice to CITY in the event of cancellation or material <br /> change in any scheduled policy. <br /> 4} With regard to the liability insurance policies required above, such <br /> insurance policies shall name CITY as an additional insured on endorsement farms that <br /> comply with the terms of this Agreement and are reasonably acceptable to CITY. <br /> 5) All policies required hereunder shall provide for the following: (i) name as <br /> additional insureds the CITY and its afficers, agents and employees; {ii) specify that <br /> such policies are primary insurance to any other insurance available to the additional <br /> insureds, with respect to any claims arising out of this License and that insurance <br /> applies separately to each insured against whom claim is made or suit is brought, except <br /> with respect to the insurer's limit of liability, and (iii) include a waiver of subrogation <br /> endorsement or provision wherein the insurer acknowledges acceptance of LICENSEE's <br /> waiver of claims against CITY. Such policies shall also provide for severability of <br /> interests and that an act or omission of one of the named insureds which would vaid or <br /> otherwise reduce coverage shall not reduce or void the coverage as to any insured, and <br /> shall afford coverage for all claims based on acts, amissians, injury or damage which <br /> occurred or erose (or the onset af which occurred or arose) in whole or in part during the <br /> policy period. Sudden and accidental pollutian coverage in the liability policies required <br /> hereunder shall be limited to losses resulting from LICENSEE's activities (and <br /> LICENSEE's Agents and Invitees) under this License (excluding nannegligent <br /> aggravation af existing conditions with respect to Hazardous Materials}. <br /> 6} Prior to the Commencement Date of this License, LICENSEE shall deliver <br /> to GITY certificates of insurance and additional insured policy endorsements from <br /> insurers in a form satisfactory to CITY, evidencing the coverages required hereunder, <br /> tagether with complete copies of the policies at CITY's request. In the event LICENSEE <br /> shall fail to procure such insurance, or to deliver such policies or certificates, CITY may <br /> REV: 11-30-15 VR <br /> Page8af12 <br /> ATTY/AGR2015.265/PREMIA DEVELOPERS/BRADFORD PARKING <br />
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