RES 486 Draft 01 2006-2008 - Laserfiche WebLink

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Statutory Worker's Compensation and Employers Liability Insurance for the State of Hawaii (covering all employees of Tenant and its contractors) with minimal limits of not less than $500,000 per each accident or illness. Commercial Automobile Liability Insurance for any auto on an occurrence basis with limits of not less than $1,000,000 in the aggregate and per accident. ENVIROMENTAL Landlord discloses that asbestos containing ceiling material may exist in the premises above the wall partitions. It is Landlord's intention to have the partitions inspected by a licensed hazardous material contractor, a copy of the test results shall be provided to Tenant. CONSTRUCTION: Landlord's Construction Obligations. Landlord agrees that the space will be delivered in the following condition: Landlord shall construct leasehold improvements in the Premises per the mutually agreed space plan as described in attached Exhibit "E" (To be prepared). All other work required making the demised premises suitable for Tenant's occupancy and operation shall be completed by Tenant, at Tenant's cost and expense. Tenant's Construction Obligations. Tenant shall accept the demised space "as is", with the exception of the foregoing Landlord Construction Obligations. LEASE Landlord requires the use of its Standard Parker Ranch Center Lease, which shall be provided to Tenant. AGENCY DISCLOSURE: It is understood and agreed that Landlord's real estate broker is GMR LLC and all of its licensees who represent only the Landlord in this lease transaction. Tenant shall indemnify, defend and hold harmless Landlord and its real estate broker from any claim for any commission or finders fee that is asserted by any party claiming to represent Tenant in this lease transaction besides Tenant's real estate agent who is disclosed in writing with this offer. G•M•R