18-35 Resolution Approving Continuance of Human Commission Rights Lease

Home Browse Search

provide Landlord with Notice of Default identifying with reasonable specificity the term or condition of the lease, or other reason for default permitted by law. Landlord shall have a reasonable time in which to cure the default. If Landlord has not cured the default or notified Tenant within 30 days of the date of Notice of Default of the steps it intends to take to cure the default, provided the steps are reasonable, and as such, acceptable to i Tenant Landlord shall pay, provided Tenant has complied with the terms for Notice of Default, any costs,charges,and expenses including reasonable fees of attorneys,agents and others retained j by Tenant incurred in enforcing any of Landlord's obligations under this Lease or incurred by the Tenant in any litigation, negotiation, or transaction involving the Landlord in which the Tenant becomes involved or concerned without the Tenant's fault. 22. LIABILITY INSURANCE. I The Tenant shall have the right to self-insure, the City of South Bend carries a blanket insurance policy covering property in which the City holds an interest, which shall include ; the Premises. In addition, the City is a municipal corporation that is self-insured under E i provisions of Indiana statutes and local ordinance. Specifically, the City of South Bend is covered by a non-reverting insurance premium and liability reseave fiund created by the City of South Bend,Ordinance § 6657-79,pursuant to Indiana Code 34-13-3-4, as amended from time to time. The City's liability limits,subject to change by Indiana statute, are as follows: j ; • $700,000.00 for bodily injury, including death for any one (1) person in any one (1) occurrence; I • $5,000,000.00 for such injuries for all persons for any one (1)occurrence; I • $1, 000,000.00 property damage insurance,or a combined single limit in the amount of $6,000,000.00. i 19