Laserfiche WebLink
<br />Construc.tion Liability Insurance <br /> <br /># 7.03. Sublease 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 shall <br />be paid for by Sublessee. The insurance shall have limits of not <br />less than $100,000 for property damage and $250,000 for one person <br />and $500,000 for one accident for personal injury and shall protect <br />Sublessor, the City of Paris and Sublessee, as well as any other <br />person or persons Sublessee may designate, against all liability <br />for injury or damage to any person or property in any way arising <br />out of demolition, excavation, or construction work on the <br />premises. <br /> <br />Certificate of Insurance <br /> <br /># 7.04. Sublessee shall furnish Sublessor with certificate of <br />all insurance required by this article. Sublessee agrees that if <br />it does not keep this insurance in full force and effect, Sublessor <br />may declare this sublease, and all rights and interest created by <br />it, to be terminated, notwithstanding the provisions of # 11.01., <br />below. <br /> <br />Indemnification of Sublessor <br /> <br /># 7.05. Sublessor shall not be liable for any loss, damage, <br />or injury of any kind or character to any person or property <br />arising from any use of the subleased premises, or any part of the <br />subleased premises, or caused by any defect in any building, <br />structure, improvement, equipment, or facility on the subleased <br />premises or caused by or arising from any act or omission of <br />Sublessee, or of any of its agents, employees, licensees, or <br />invitees, or by or from any accident, fire, or other casualty on <br />the land, or occasioned by the failure of Sublessee to maintain the <br />premises in safe condition. Sublessee waives all claims and <br />demands on its behalf against Sublessor for any such loss, damage, <br />or injury, and agrees to indemnify and hold Sublessor entirely free <br />and harmless from all liability for any such loss, damage, or <br />injury of all other persons, and from all costs and expenses <br />arising from any claims or demands of other persons concerning any <br />such loss, damage, or injury. <br /> <br />7 <br />