Laserfiche WebLink
8.4.2 Insurance. Lesscc shall provide or shall require Lessec's Associates to providc <br />buildcr's risk coverage to insure the improvements constructed on the Pretnises to the extent olnot <br />lcss than one hundred percent (100%) of such improvements' tirll insurable value using the all-risk <br />forrn of protectiorr. as well as gencral liability, auto, and workers cornpensation insurancc covcragc <br />as set florth in Section 7 to cover such work. Lessee shall also require design prolessionals to <br />provids errcrs and omissions coverage in an amount not less than one million dollars ($ 1,000,000). <br />All such insurance shall comply with and be subjcct to Lcssor's insurance requirements including, <br />but not limited l<1, thosc sct forth at Exhibit F. <br />8.4.3 Bonds. If required by Lessor; [,essee shall provide or shall require Lessee <br />Associates, as appropriale, to provide construction payment and performance bonds in atnounts <br />covering not lcss than onc hundred ten percent ( I l0olo) of the contract pricc of such improvements <br />and in a ftrrm acceptable to Lessor. All such bonds shall name Lessor as a co-obligee. <br />8.5 Lcase Applicable to Work. The provisions of this Leasc shall apply to all work pursued <br />by Lessee to construct improvcmcnts, rcgardless of whether such work cornrnences or concludes <br />before thc Lease Date or after any expiration or termination of this Lease, including, but not limited <br />to, Lessee's indemnity, waiver, and insurance obligations under Section 7 and repair obligations <br />under Section 5.8, provisions prohibiting liens, and provisions requiring compliance with all Laws <br />and Regulations. Lcssec shallprovide I'orcompliance with this Lease's requirements by Lessee's <br />Associates who are perforrning any work rclating to constructing improvements. <br />8.6 Default for Failure to Complete. Lessee shall comply with the construction schedule <br />approved by Lessor. lf such construction is not completed materially within any times required <br />by Lessee's approved schedule, or if for any reason Lessee fails to complete construction within <br />qA days of Lessee's approved date lbr substantial completion, Lessee shall be in <br />default under this Lease and Lessor shall have all of the rights set forth in Section l2 regarding a <br />forfeiture of lmprovements in addition to all other remedies. Upon any default, L,essee shall turn <br />over to Lessor copies olall records associated with the work and shall work cooperatively with <br />l,essor. <br />8,7 Final Submittals, Lessee shall subrnit the lollowing to Lessor wil.hin nincty (90) days of <br />bcncficial occupancy: <br />8.7 .l Free of Liens. Lessee shall subm it a state rnent that the Prem ises and hnprovements <br />are free and clear of all liens, claims. or cncumbranccs, cxccpt when specifically authorized in the <br />rnanner perrnitted under this l,ease. <br />8.7.2 As-Built Drawings. Lessee shall submit at its expcnsc a complete set of accurate <br />"as-built" plans and specifications for the Improvements. Such plans and speoifications shall <br />include one set of bond paper "record" drawings and electronic drawings that conform to a lormat <br />and to standards spccified by Lessor. <br />frfu--LESSE <br />tfultt^ <br />29 LEssoR-,[g.l-