AG 2007 06 18 - Laserfiche WebLink

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11. Sublease and Assi{~nment. Subtenant shall not, without prior written consent of Sublessor, assign or otherwise transfer this Sublease or any interest hereunder or sublet the Premises or any part thereo£ All provisions contained in this Sublease shall be binding upon and inure to the benefit of any permitted successors and assigns. 12. Authoritv. Sublessor and Subtenant each warrant and represent to the other that they have obtained all requisite authority to enter into this Sublease and the parties executing this Sublease on their behalf have the requisite authority to bind such party. 13. Ouiet Eniovment. Sublessor covenants and agrees, provided Subtenant pays all Rent and Additional Rent and any other charges set forth herein and performs the terms and conditions of this Sublease as and when required (within any applicable cure period), to take all necessary steps to maintain for the benefit of Subtenant the quiet and peaceful possession and enjoymGnt of the Premises without disturbance by Sublessor or any other person claiming tiUe or possession to the Premises or the Building or any part thereof through Sublessor. 14. Subtenant's Insurance. At al] times during the Term of this Lease and any renewals thereof Subtenant shall provide and thereafter keep in full force and effect: (i) commercial general liability insurance, such insurance to insure against liability for bodily injury and death and for property damage in an amount as may from time to time be reasonably required by Sublessor, but in any event not less than $1,00~,000.00 combined single limit on a per occurrence basis. (ii) workmen's compensation as required by law, providing as a minimum amount, the minimum North Carolina statutory benefits for all persons employed by Subtenant in connection with the Premises; and (iii) builder's risk insurance during all periods in which Subtenant is constructing alterations or additions to or within the Premises, in such amounts as Sublessor and Subtenant mutually agree is reasonabte. All insurance provided shall be underwritten by inswance companies that aze licensed or authorized to do business and in good standing in North Carolina and shall have a rating issued by an organization regularly engaged in rating insurance companies (including specificaliy A.M. Best and Company so long as such company is engaged in rating insurance companies) of not less than a rating of A, VII of A.M. Best and Company (or equivalent rating if another rating service is used.) Al] insurance contracts shall be issued for terms of not less than one year and shai] contain a provision that they are not subject to cancellation, non-renewal or material reduction in coverage as to the Premises unless Sublessor is served with'written notice not later than 30 days prior to cancellation, non- renewal or material reduction in coverage. 15. Waiver of Subroeation. Subtenant for itself and its employees, agents and invitees waives any and all rights to recover against Sublessor, its employees or agents or any other tenant or occupant of the Building, for any loss or damage arising from any cause covered by any insuranca required to be carried by the parties pursuant to this Sublease or any other property insur;~nce actually carried by the parties to the extent of the ]imits of the policies. Subtenant, from time to time, will cause its insurers to issue appropriate waiver of subrogation rights endorsements to all property insurance polices carried in connection with the Land or the contents of the Buiiding or the Premises. ~ ~`~~