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2006-052-RES-Sublease RRVF and Paris Rodeo & Horse Club
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2006-052-RES-Sublease RRVF and Paris Rodeo & Horse Club
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Last modified
8/18/2006 4:26:23 PM
Creation date
4/3/2006 10:31:08 AM
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CITY CLERK
Doc Name
2006
Doc Type
Resolution
CITY CLERK - Date
3/27/2006
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<br />foreclosure on the lien, cause the lien to be discharged and <br />removed prior to execution of the judgment. <br /> <br />ARTICLE 7. INSURANCE AND INDEMNIFICATION <br /> <br />Insurance on Buildings and Improvements <br /> <br />#7.01. At all times during the term of this sublease, <br />Sublessee shall keep all buildings and other improvements located <br />or being constructed on the subleased premises insured against loss <br />or damage by fire, with extended coverage endorsement of its <br />equivalent. This insurance shall be carried by insurance companies <br />authorized to transact business in Texas, selected by Sublessee and <br />approved by Sublessor and the City of Paris, whose approval shall <br />not be unreasonably withheld. The insurance shall be paid for by <br />Sublessee and shall be in amounts not less than the replacement <br />costs of the buildings and other improvements. Such policy or <br />policies of insurance shall name Sublessor, Sublessee and the City <br />of Paris as a named insured. <br /> <br />Liability Insurance <br /> <br />#7.02. At all times during the term of this sublease, <br />Sublessee shall provide and keep in force during the term of this <br />sublease, liability insurance covering Sublessor, the City of Paris <br />and Sublessee for liability for property damage and personal <br />injury. This insurance shall be carried by one or more insurance <br />companies duly authorized to transact business in Texas, selected <br />by Sublessee and approved by Sublessor, and shall name Sublessee, <br />Sublessor and the City of Paris as named insured, and shall be paid <br />for by Sublessee. The insurance provided pursuant to this section <br />shall be in the amount of not less than $1,000,000 combined single <br />limit policy for personal injury and property damage, or in the <br />amount required by the Texas Torts Claims Act as applied to cities, <br />whichever is greater. This insurance shall protect Sublessor, the <br />City of Paris and Sublessee against liability to any employees or <br />servants of Sublessee and to any other person or persons whose <br />property damage or personal injury arises out of or in connection <br />with the occupation, use, or condition of the leased premises. <br /> <br />Construction Liability Insurance <br /> <br />#7.03. Sublessee agrees to obtain and maintain (to the extent <br />reasonably procurable) construction liability insurance at all <br />times when demolition, excavation, or construction work is in <br />progress on the premises. This insurance shall be carried by <br />insurance companies authorized to transact business in the State of <br />Texas, selected by Sublessee and approved by Sublessor and the City <br />of Paris, and shall be paid for by Sublessee. The insurance shall <br />have limits of not less than $1,000,000 combined single limit <br />9 <br />
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