Agmt06 Nextel of CA - Lease of Emerald Lake Hills Water Tank Property

Browse Search

(i) Precluding cancellation or reduction in coverage before the expiration of thirty (30) days after City shall have received written notification of cancellation or reduction in coverage by first class mail; (ii) Providing that Contractor's insurance shall apply separately to each insured against whom claim is made or suit is brought, except with respect to the limits of the insurer's liability (cross -liability endorsements); (iii) Naming City, its Council, commissions, boards, committees, officers, employees and agents as additional insureds; and (iv) Providing that Lessee's insurance shall be primary insurance relating to Lessee's work hereunder with respect to City, its Council, commissions, boards, committees, officers, employees and agents, and further providing that any insurance or self-insurance maintained by City for itself, its Council, commissions, boards, committees, officers, employees and agents shall be in excess of Lessee's insurance and shall not be contributory with it. (c) Fire and Extended Coverage Insurance. Lessee shall maintain a policy of standard fire and extended coverage insurance on the buildings on, and the improvements to, the Leased Premises. 7. DAMAGE, DESTRUCTION AND TERMINATION. 7.01 Riaht to Terminate. The Lease may be terminated on thirty (30) days prior written notice as follows: (i) by either party upon a default of the covenant or term hereof by the other party, which default is not cured within sixty (60) days of mailing of written notice of default, provided that the grace period for any monetary default is ten (10) days from mailing of notice; or (ii) by Lessee if it cannot obtain or maintain through LeaseAgreement-CommunicationsSite-02/02/06 SITE #599A 15