Laserfiche WebLink
<br />16. That LESSEE shall not cause or permit any mechanics' liens or other liens to be <br /> <br />filed against tOO- fee of the premises or against LESSEE's leasehold interest in the land or any <br /> <br />buildings or improvements on the leased premises by reason of any work, labor, services, or <br /> <br /> <br />material supplied or claimed to have been supplied to LESSEE or to anyone holding the premises <br /> <br /> <br />or any part of it through or under LESSEE. If such a mechanic's lien or materialman's lien is <br /> <br /> <br />recorded against the premises or any building or improvements on the premises, LESSEE shall <br /> <br />either cause the same to be removed or, if LESSEE, in good faith, desires to contest the lien, take <br /> <br /> <br />timely action to do so, at LESSEE's sole expense. If LESSEE contests the lien, LESSEE agrees <br /> <br /> <br />to indemnify LESSOR and hold LESSOR harmless from all liability for damages occasioned by <br /> <br /> <br />the lien or the lien contest and shall, in the event of a judgment or foreclosure on the lien, cause <br /> <br /> <br />the lien to be discharged and removed prior to execution of the judgment. <br /> <br /> <br />17. That, at all times during the term of the Lease, LESSEE shall maintain insurance <br /> <br /> <br />coverage for all obligations assumed by LESSEE under this Lease, including, but not limited to, <br /> <br /> <br />potential loss of improvements to or contents of the hangar as a result offire or other cause, extended <br /> <br /> <br />coverage for any losses caused by the negligence or fault of the LESSEE, or LESSEE's servants, <br /> <br />employees, agents, visitors, or licensees, whether by fire or otherwise, to the extent and in the <br /> <br />amount deemed necessary by LESSOR. This insurance shall be carried by insurance companies <br /> <br />authorized to transact business in Texas, selected by LESSEE and approved by LESSOR whose <br /> <br />approval shall not be unreasonably withheld. The insurance shall be paid for by LESSEE and shall <br /> <br />be in amounts not less than the full amount necessary to maintain coverage for the obligations of <br /> <br />LESSEE under this Lease. Such policy or policies of insurance shall name LESSOR and LESSEE <br /> <br />as named insured. <br /> <br />Lease Aereement - page 8 <br />