Laserfiche WebLink
(1) any claim that the Equipment infringes, violates, or misappropriates the <br /> intellectual property rights of any third party; and/or (2) any claim for personal <br /> injury or property damage for Equipment that has been negligently designed or <br /> manufactured. <br /> (c) Indemnification Procedures. A party seeking indemnification <br /> hereunder (the "Indemnified Party") shall promptly notify the other party (the <br /> "Indemnifying Party") in writing of any claim and shall provide the <br /> Indemnifying Party any related documents constituting the basis for such claim. <br /> The failure by an Indemnified Party to timely furnish the Indemnifying Party any <br /> notice or documentation under this Section 12(c) shall not relieve the <br /> Indemnifying Party from any responsibility for the matters relating to such notice <br /> or documentation, except to the extent such failure materially and adversely <br /> prejudices the ability of the Indemnifying Party to defend such claim. <br /> (d) Limitation of Liability. Except for liability for third party claims, <br /> in no event shall either party be liable for any indirect, incidental, special, <br /> exemplary, punitive or consequential damages of any kind whatsoever (including <br /> lost profits or loss of goodwill) even if the party has been advised of the <br /> possibility of such damages. <br /> 13. Insurance. Lessee shall obtain and maintain in full force and effect during the <br /> Term and until the Equipment is returned to Lessor, at Lessee's expense, a policy or policies of <br /> insurance insuring against all risks of loss or damage from every and any cause whatsoever, <br /> including, without limitation, damage to or loss of the Equipment by extended casualty, fire, <br /> theft, vandalism and malicious mischief, and with such other coverages as Lessor may <br /> reasonably require from time to time, all such insurance to be issued by financially secure and <br /> reputable insurers acceptable to Lessor and in amounts not less than One Hundred <br /> Percent(100%) of the full replacement value of the Equipment naming Lessor as loss payee, and <br /> providing by the policy terms that Lessor shall be given not less than thirty(30) days' prior <br /> notice of any cancellation or decrease in coverage ("Required Insurance"). Lessee shall also, at <br /> its own expense, carry public liability insurance, in such amounts with such companies and in <br /> such form as is reasonably satisfactory to Lessor, and which name Lessor as an additional <br /> insured, with respect to injury to person or property resulting from or based in any way upon or <br /> in any way connected with or relating to the installation, use, or alleged use, or operation of any <br /> or all of the Equipment, or its location or condition. Lessee shall, upon request by Lessor, <br /> provide Lessor with a certificate of insurance or other certified evidence that Lessee is in <br /> compliance with the terms of this Section 13. All policies of insurance required under this <br /> Section 13 shall clearly indicate that Lessor is the owner of the insured Equipment and that <br /> Lessee holds only a leasehold interest in the Equipment. <br /> 14. Risk of Loss. From and after the time the Equipment is delivered to the shipment <br /> courier for delivery to Lessee or directly to Lessee, and until such time as the Equipment is <br /> returned to Lessor in Returnable Condition, Lessee hereby assumes and shall bear the entire risk <br /> of loss, damage, malfunction, accident, theft and destruction of and to the Equipment, or any <br /> portion thereof, from any cause whatsoever. Lessee shall promptly notify Lessor and provide <br /> - 6 - <br />