Laserfiche WebLink
<br /> <br />-7- <br />one person and $500,000 for personal injury or death for each occurrence <br />in connection with the Project and the Premises and 50,000 for property <br />damage for at~y occurrence in connection with the Project and the Premises <br />and CRC shall be named an additional insured. CRC agrees that it will carry <br />public liability insurance with the same coverage and limits of coverage <br />with reference to the Project and the Premises with one or more reputable <br />insurance companies duly qualified to do business in the State of Ohio from <br />the commencement of construction and development of the Project until the <br />same is accepted by the City and the City shall be named as an additional <br />insured. The insurance provided by the City and CRC may be by blanket <br />insurance policy or policies. <br />The City shall keep the Project and the fixtures and equipment <br />therein continually insured during the term of this Lease against damage or <br />destruction by fire, windstorm and any other loss or damage from any cause <br />to property in an amount equal to at least ninety per cent (90~) of the full <br />insurable value of such property. In case of damage, loss or destruction of <br />the Project, or any part thereof, or any fixtures or equipment thereof, the <br />proceeds of any insurance which pertains to such Project, fixtures and equip- <br />ment shall be used and applied by the City, as promptly as possible to repair, <br />restore, rebuild or replace the same as nearly as possible to the condition <br />existing prior to such damage, loss or destruction. In the event of partial <br />or total damage, loss or destruction by fire, windstorm or other casualty or <br />accident of structural or mechanical improvements or eauipment covered by the <br />guarantee provided for in Section 3(c) hereof such guarantee shall not apply <br />to such damage, loss or destruction, it being the intention of the parties <br />that such guarantee is with respect to workmanship of such improvementN and <br />equipment, but such guarantee shall apply to equipment replaced by the City <br />if it is the same equipment as originally installed and shall also apply to <br />equivalent equipment a.nd to structural replacements if, in both cases, the <br />equivalent equipment or structural replacement is approved in writing by CRC. <br />