12-F Cox Field Lease Policy - Laserfiche WebLink

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at the following address: City Clerk, City of Paris, P. O. Box 9037, Paris, Texas 75461-9037. That LESSEE agrees that if LESSEE does not keep all insurance required under this Lease in full force and effect, LESSOR may declare this Lease, and all rights and interest created by it, to be terminated. 27. That, in case of any damage to or destruction of the buildings, structures, and equipment on the leased premises, or any part thereof, LESSEE will promptly give written notice thereof to LESSOR, generally describing the nature and extent of such damage and/or destruction. In case of any damage to or destruction of the buildings, structures, and equipment on the leased premises, or any part thereof, LESSEE, whether or not the insurance proceeds, if any, payable on account of such damage and/or destruction shall be sufficient for such purpose, at LES SEE's sole cost, risk, and expense, will promptly commence and complete the restoration, repair, and replacement of said buildings, structures and equipment as nearly as possible to their value, condition, and character immediately prior to such damage and/or destruction, with such alterations in and additions thereto as may be approved in writing by LESSOR (hereinafter sometimes referred to as the "Restoration"). All insurance proceeds, if any, payable on account of such damage to or destruction of the buildings, structures, and equipment on the leased premises shall be held by LES SOR. LES SOR shall be protected in acting upon any certificate believed by LESSOR to be genuine and to have been executed by the proper party and shall receive such certificate as conclusive evidence of any fact or as to any matter therein set forth. Such certificate shall be full warranty, authority, and protection to LESSOR in acting thereon, and LESSOR shall be under no duty to take any action other than as set forth in this paragraph. Master Lease Agreement - page 16