Agmt17 Sprint Spectrum L.P. - Laserfiche WebLink

Browse Search

(d) All insurance policies, which include Licensor as an additional insured, must be endorsed to read as primary and non-contributory coverage regardless of the application of other insurance. (e) Required limits may be satisfied by any combination of primary and umbrella liability insurances. (f) Licensee may maintain reasonable and customary deductibles. (g) Unless approved in writing by Licensor, Licensee shall place the Required Insurance with insurers eligible to do business in the State of California and that have a minimum rating assigned by A.M. Best & Company's Key Rating Guide of "A minus" Overall and a Financial Size Category of "VII". (h) Certificates of Insurance shall be prepared and executed by the insurance company or its authorized agent and shall contain provisions representing and warranting the following: (i) All endorsements and insurance coverages according to requirements and instructions contained herein. (ii) Notwithstanding the forgoing, Licensee may, in its sole discretion, self -insure any of the required insurance under the same terms as required by this License. In the event Licensee elects to self -insure its obligation under this License to include Licensor as an additional insured, the following conditions apply: (i) Licensor shall promptly and no later than thirty (30) days after notice thereof provide Licensee with written notice of any claim, demand, lawsuit, or the like for which it seeks coverage pursuant to this Section and provide Licensee with copies of any demands, notices, summonses, or legal papers received in connection with such claim, demand, lawsuit, or the like; (ii) Licensor shall not settle any such claim, demand, lawsuit, or the like without the prior written consent of Licensee; and (iii) Licensor shall fully cooperate with Licensee in the defense of the claim, demand, lawsuit, or the like. 12.3 Licensee hereby releases Licensor and Licensor's property manager, if any, and their respective agents, employees, officers, directors, council members and partners (collectively the "Releasees") from, and shall not hold Releasees liable for, any liability for personal injury, consequential damages, loss of income or damage to or loss of property or persons, or loss of use of any property, in or about the Premises from any cause whatsoever or from any activity related to this License unless such damage, loss or injury results from the gross negligence or willful misconduct of the Releasees, or any of them. 12.4 Licensee agrees to indemnify, defend and hold Releasees harmless from and against injury, loss, damage or liability (or any claims in respect of the foregoing), costs or expenses (including reasonable attorneys' fees and court costs) which may be imposed upon or incurred by or asserted against Releasees occurring during the Term of this License, or during any period of time prior to the Commencement Date hereof or after the expiration date hereof when Licensee may have been given access to or possession of all or any part of the Premises arising from: w� l Page 15 of 35 ATN/AGR/2017.039/SPRINT LEASE AGREEMENT REV: 05-12-17 JS