2021-10 - Metroparks Agreement - Laserfiche WebLink

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7.2 Proof of Insurance. No later than seven (7) days after the Commencement Date, each Party shall provide to the other Party a certificate or certificates of insurance and an endorsement naming such other Party as an additional insured or loss payee, as appropriate. 7.3 Blanket Policies. Any insurance required to be maintained may be taken out under a blanket insurance policy or policies covering other premises, properties or insured in addition to the Leased Premises. 7.4 waiver of Subrogation. Municipality and Manager hereby release each other from any and all liability or responsibility (to the other or anyone claiming through or under them by way of subrogation or otherwise) for any loss or damage to property coverable by property, fire or extended coverage insurance policies even if such damage shall have been caused by the fault or negligence of the other Party, or anyone claiming through or under such other Party. 8. Assignments, Transfers, and Other Parties. 8.1 Assignment and Transfer by Manager. Manager shall not assign, transfer, convey, or otherwise dispose of this Agreement, except with the written consent of Municipality. The giving of any such consent to a particular transfer shall not dispense with the necessity of such consent to any further or other assignments. 8.2 Assignment and Transfer by Municipality. Municipality shall not sublet, assign, transfer, convey, sell, mortgage, pledge or encumber this Agreement or the Premises hereunder without in each instance first obtaining authorization of Manager, which authorization shall not be unreasonably withheld, conditioned or delayed. Any transfer or assignment by merger, consolidation, stock purchase, operation of law or in any other manner whatsoever shall likewise be prohibited without prior authorization of Manager and shall constitute a default hereunder. 8.3 No Third Party Beneficiaries. Nothing in this Agreement shall be construed to create any third -party beneficiaries under this Agreement. 9. Default. 9.1 Events of Default. Each of the following shall constitute a default by either Party: 9.1.1 A Party makes a general assignment for the benefit of creditors, or files a voluntary petition in bankruptcy, or consents to the appointment of a receiver, trustee or liquidator of all or substantially all of its property; 9.1.2 A petition under any part of the federal bankruptcy laws or an action under any present or future insolvency law or statute is fled against a Party and is not dismissed within thirty (30) days after the filing thereof; 9.1.3 Except as permitted hereunder, any lien is filed against the Leased Premises because of any act or omission of a Party and is not discharged of record by payment, deposit, bond, order of a court of competent jurisdiction, or otherwise, within one hundred eighty (180) days;