Laserfiche WebLink
ATTY/AGR/2018/AMENDMENTS/AMEND NO.2 SAN CARLOS – RWC FIRE AGREEMENT <br />REV: 04-17-18 JS <br />Page 28 of 32 <br />limit the liability of City hereunder. Lessee and its agents, employees and officials <br />shall be named as additional insureds on said policy and City shall provide Lessee <br />with a certificate of said insurance coverage. <br />14.2 Property Insurance. City shall procure, pay for and maintain in effect <br />policies of property insurance covering the Premises and all areas appurtenant thereto in <br />an amount not less than 100% of their actual replacement cost of the Premises, providing <br />protection against all risks of physical loss or damage. Lessee and its agents, employees <br />and officials shall be named as additional insureds on said policy and City shall provide <br />Lessee with a certificate of said insurance coverage. <br />14.3 Insurance Company. Notwithstanding the references to commercial <br />general liability insurance in this Section 14, the parties acknowledge and agree that each <br />is a public entity with general liability coverage through a self-insurance joint powers <br />authority (JPA). The parties agree that the coverages through their respective JPA will <br />satisfy the insurance requirements in this Lease. Each party shall deliver to the other <br />copies of policies of liability insurance required or certificates evidencing the existence and <br />amounts of such insurance with loss payable clauses satisfactory to the other. No such <br />policy shall be cancelable or subject to reduction of coverage or other modification except <br />after ten (10) days prior written notice to the other party. Lessee and City shall each, within <br />ten (10) days prior to the expiration of such policies, furnish to the other with renewals or <br />“binders” thereof, or the other party may order such insurance and charge the cost thereof <br />to the defaulting party, which amount shall be payable by the defaulting party upon <br />demand. Neither Lessee nor City shall do or permit to be done anything which shall <br />invalidate the insurance policies referred to herein. <br />6.1.D. - Page 32