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Inst 2003490374
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Inst 2003490374
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Last modified
8/20/2009 2:29:00 PM
Creation date
8/20/2009 2:28:59 PM
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CM City Clerk-City Council
CM City Clerk-City Council - Document Type
Agreement
Document Date (6)
3/3/2003
Recorded Document Type
Lease
Retention
PERM
Document Relationships
Inst 2003245245
(Reference)
Path:
\City Clerk\City Council\Recorded Documents\2003
Inst 2003245246
(Reference)
Path:
\City Clerk\City Council\Recorded Documents\2003
Reso 2003-029
(Approved by)
Path:
\City Clerk\City Council\Resolutions\2003
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<br />EXHIBIT D -Insurance Requirements <br />INSURANCE REQUIREMENTS <br />General Requirements <br /> <br />1. Limited Activities Affecting Insurance. Waste Management shall not carry any stock of goods or do <br />anything in or about the Premises which will in any way tend to increase insurance rates for the Project or <br />Premises. In no event shall Waste Management conduct or engage in any activities which would invalidate <br />any insurance coverage thereon. Waste Management shall pay on demand any increase in premiums that <br />may be charged because of Waste Management's use or activities or vacating or otherwise failing to occupy <br />the Premises, but this provision shall not be deemed as a limitation on Waste Management's use and <br />occupancy obligations as established elsewhere herein. <br />2, Acceptability of Insurers. All policies of insurance required to be carried under this Lease shall be written by <br />companies licensed to do business in California, and rated A:VII or better by the A.M. Best Company ("Best"), <br />or the equivalent of such rating if Best does not rate the company, <br />3, Public Liability Insurance-Controlling and Non-Contributing. The public liability insurance required herein <br />shall be controlling and non-contributing with the insurance carried by City. <br />4. Additional Insureds. Each policy required under by these requirements shall (i) expressly include, severally <br />and not collectively, as named or additionally named insured thereunder, City and any person or firm <br />designated by City and having an insurable interest under this lease (hereinafter called additional insured") as <br />their respective interests may appear; and (ii) either provide for severability of interests or contain a cross- <br />liability endorsement. Each policy herein required ,whether by separate policy or by extension of term of <br />coverage, shall afford insurance coverage after the expiration or earlier termination of the Term for all claims <br />based on acts, omissions, injuries, damages or liabilities which occurred or arose, or the onset of which <br />occurred or arose, in whole or in part during the Term. <br />5. Cancellation. Each policy required herein shall not be subject to cancellation or reduction in coverage <br />except upon at least thirty (30) days prior written notice to each additional insured. Such policies of insurance <br />or duly executed certificates executing them, together with copies of each "additional insured endorsement" <br />naming each additional insured under such policies, shall be deposited with each additional insured at the <br />commencement of the Term and not less than thirty (30) days prior to the expiration of the term of such <br />coverage. If the primary insured fails to comply with this requirement, any additional insured may obtain such <br />insurance and keep it in effect, and the primary insured shall pay to the additional insured the premium costs <br />thereof upon demand with interest from date of payment by the additional insured to the date of repayment by <br />the primary insured. <br />6. Deductibles and Self-Insured Retentions. Any deductibles orself-insured retentions must be declared to an <br />approved by the City. At the option of the City, either the insurer shall reduce or eliminate such deductibles or <br />self-insured retentions as respects the City, its officers, officials, employees, and volunteers; or the Waste <br />622009-1 23 <br />
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