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2020-030 - Authorizing the Termination of the Amended Lease Agreement with Suddenlink/Altice Regarding hte 9.1 Acre Tract formerly known as the Legion Airport Properties
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2020-030 - Authorizing the Termination of the Amended Lease Agreement with Suddenlink/Altice Regarding hte 9.1 Acre Tract formerly known as the Legion Airport Properties
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7/31/2020 9:25:06 AM
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7/15/2020 4:06:07 PM
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roalotalned or being or becoming out of repair, Lessee hereby weiving-any defects therein <br />anal! agreeing Whold and save Lessor harmless from a11 claims for any such damages or <br />igjuries; Lessea must at all times during the term of this Agreement. and any extension$ <br />thereof. keep and maintain In full force and effect a policyorpolkles ofinsurance.Providing <br />st least S2S%O0O.00 per person and 5500,000.00 for any single occurrence for bodily injury <br />or death land $100,000.00 for any single occurrence for igjury to or destruction of property, <br />indemnifying the Lessor, Its officers. agents, employees, and all persons for any and all <br />damages, personal injuries or property damages sustained in or upon the premises of said <br />leased property, or MY Part thereo& as the result of the negligence of Lessee. its members. <br />imtitees. agents. servants or employees, and shalt pay all premiums due thereon -Alien due. <br />It is expressly provided that such insurenue policy or policies shall -name the Lessor as an <br />additional insured end shall contain a clause that the insurer will not cancel or decrease tier <br />insuimce eo►vmp without frrstgiving the Lessorthirty (30) days notice in writing, and must <br />be Witten and issued by a reputable insurance company or companies. subject to approval <br />by the: City Attormy ol'the City of Paris. Leser or its insurance carrier or carriers sitail <br />deliver a copy ofany such policies to the City Clerk otthe Cit}- of Paris. or furnish to said <br />City Clerk acurrent letterorcertif cme from such company orcompanies. evidencing the fact <br />thnt such insurance is In Bell force and effect at all times during this Lease and any extension <br />thereof. <br />H. Should Lessee at any time default in any of the covenants. conditions, provisions and <br />Stipulations herein contained, this Agreement may be terminated at Lessor's option and it <br />shall be lawful Por Lessor to re -anter the leased premises and remove all persons, property <br />and effects there;Irom ►vithout prejudice to any legal rights Lessor may !rave against Lessee <br />�ea�aa�cttic�i E>e��� �r�trtt�t►e � r��g� 4 <br />
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