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AgdaPkt 2020-03-09 Joint
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AgdaPkt 2020-03-09 Joint
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Last modified
10/1/2020 11:25:10 AM
Creation date
3/5/2020 4:04:14 PM
Metadata
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Template:
CC Index
CC Index - Document Type
Agenda Packet
Meeting Type
Joint
Agency Type
City Council and Successor Agency and Public Financing Authority
Date
3/9/2020
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6.C. -Page 111 of 111 <br />climate in California, provided that such adjustments are consistent with generally prevailing <br />requirements for residential multi -family developments similar to the Project and located in the <br />San Mateo County area. Within thirty (30) days following City's delivery of written notice of any <br />such adjustments, Owner shall provide City with amended or new insurance certificates and <br />endorsements evidencing compliance with such adjustments. <br />(n) Additional Insured Coverage; Liability Limits. For all liability insurance required <br />by this Agreement, Owner (and Owner's contractors, as applicable) shall obtain endorsements that <br />name the Indemnitees as additional insured in the full amount of all applicable policies, <br />notwithstanding any lesser minimum limits specified in this Agreement. This Agreement requires <br />Owner (and Owner's contractors) to obtain and provide for the benefit of the Indemnitees, <br />additional insured coverage in the same amount of insurance carried by Owner (or Owner's <br />contractors, as applicable), but in no event less than the minimum amounts specified in this <br />Agreement. In the event that Owner (or Owner's contractors as applicable) obtains insurance <br />policies that provide liability coverage in excess of the amounts specified in this Agreement, the <br />actual limits provided by such policies shall be deemed to be the amounts required under this <br />Agreement. Without limiting the foregoing, the limits of liability coverage specified in this <br />Agreement are not intended, nor shall they operate, to limit City's ability to recover amounts in <br />excess of the minimum amounts specified in this Agreement. <br />REV: 02-25-2020 PR <br />138 <br />ATTY/AGR.2020.0391Premia 1180 Main Owner, LLC (Page 42 of 42) <br />
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