765 - Laserfiche WebLink

Home Browse Search

'W" Lessee, and both Lessor and Lessee shall have agreed to and approved the said changes, alterations, extras and additions in writing, prior to their being made. Lessor shall, however, cause to be made and shall authorize all reasonable requests by Lessee, for changes in the plans, specifications and drawings or for additions or extra work. All requests, approvals and agreements required on the part of Lessor, and on the part of Lessee shall be in writing, signed by a duly designated representative of the party making such request, granting such approval, or entering into such agreement. The Lessor and Lessee shall, concurrently with the delivery of this Lease and Agreement, notify each other of the representative of each. It is agreed that each party may have more than one representative and may change the representative or representatives from time to time, with each such change to be in writing forwarded to the other party. The representative of each party so designated shall be authorized to enter .into and execute any con- tracts or agreements or to grant any approvals or to take any action for and on behalf of the party hereto represented by him, and the other party to this agree- ment shall be entitled to rely upon the duly designated representative as having full authority to bind the party hereto represented by him. Lessor shall see that there is in full force and effect, from the date of purchase of any machinery, equipment and other personal property to be pur- chased by it as hereinabove provided, or from the date the risk of loss, under governing substantive law, is on the Lessor as purchaser if such date be after the date of purchase, and until the insurance required to be carried by Lessee under the provisions of this Lease and Agreement shall be placed in full force and effect, the usual fire and extended coverage casualty insurance, with the insur- ance to be in the amount necessary to prevent the application of the co-insurance provisions of the subject policies but not less than 80' of the full insurable value of the machinery, equipment and other personal property involved, and with the premiums thereon to be considered part of the Project costs (hereafter defined), and the Trustee shall be made a party insured as its interest may appear.