Resolution 2015-69 - Laserfiche WebLink

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and shall by paid by LANDLORD within thirty (30) days of LANDLORD'S receipt of invoices for such relocation expenses up to a maximum amount of fifty thousand dollars ($50,000). The maximum amount of relocation expenses paid by LANDLORD shall be reduced 10% for each year this Lease in effect. (Therefore, for example, if LANDLORD terminates the Lease pursuant to this Section 6.3 in year five of the Lease, the maximum amount of relocation expenses paid by LANDLORD shall be $25,000.) If a termination occurs pursuant to this Section 6.3 in year ten or later, LANDLORD shall have no obligation to reimburse relocation expenses. LANDLORD's obligation to pay any amount of relocation expenses is limited solely to a LANDLORD termination pursuant to Section 6.3. 6.4 TENANT IMPROVEMENT ALLOWANCE. LANDLORD will provide a TENANT improvement allowance for labor and material costs for TENANT improvements approved by LANDLORD to improve the main building on the Premises. The tenant improvement allowance will be paid to TENANT after TENANT provides to LANDLORD receipts to LANDLORD for work and materials paid for improvements at a rate of ten percent (10%) of TENANT's costs incurred up to a total TENANT allowance amount of one hundred sixty thousand eight hundred thirty-two dollars ($160,832.00). The TENANT allowance shall be paid only for TENANT improvements completed prior to December 31, 2016. At the time of final payment of TENANT allowance, and in no event later than March 1, 2017, the LANDLORD and TENANT shall execute a certificate confirming the total amount of TENANT labor and materials costs incurred for TENANT improvements eligible for TENANT allowance (the "Total TI Cost"), the total amount of the TENANT allowance (the "Total Allowance"), and the amount of the Total TI Cost less the Total Allowance (the "Net TI Cost"). ARTICLE 7 - INSURANCE AND INDEMNITY 7.1 INSURANCE. TENANT shall at its own expense procure and maintain a policy or policies of insurance providing for the minimum insurance coverages listed below. Such coverages shall be procured and maintained with forms and insurers acceptable to the LANDLORD. All coverages shall be continuously maintained from the date of commencement of the Lease to cover all liability, claims, demand, and other obligations arising from or assumed by the TENANT under this Lease. In the case of any claims -made policy, the necessary retroactive dates and extended reporting periods shall be procured to maintain such continuous coverage. The TENANT shall not be relieved of any liability, claims, demands, or other obligations assumed pursuant to this Lease by reason of its failure to procure or maintain insurance, or by reason of its failure to procure or maintain insurance in sufficient amounts, durations, or types. 7.2 REQUIRED COVERAGES. The minimum insurance coverages required of TENANT shall be as follows: (a) Comprehensive General Liability insurance with minimum combined single limits of TWO MILLION DOLLARS ($2,000,000) each occurrence and TWO MILLION DOLLARS ($2,000,000) aggregate. The policy shall be applicable to all premises and operations. The policy shall include coverage for bodily injury, broad form property damage (including completed operations), personal injury (including coverage 6