84002718 - Laserfiche WebLink

Browse

I 84 - 002718 2. It is understood and agreed that the Licensees may construct and maintain the existing building in the public right-of-way above defined at their 0':."11 risk~ The Licensees hereby waive any claim for damages against the City of Grand Island, its officers, agents, employees and independent contractors for any damage or injury that may result to said existing building located in the City right-of-way. 3. The Licensees shall indemnify and hold harmless the City from and against any and all loss and damage, and any and all claims, demands, snits, liabilities, and payments in contract or in tort, penal or otherwise, resulting from or in respect of the Licensees' use of the City right-of-way for the aforesaid existing building. 4. This license shall take effect immediately upon the date of the last party executing this agreement, and shall continue for an indefinite term; provided, that the Licensees may terminate this agreement at any time by giving the City six months written notice. This agreement shall also terminate should the Licensees apply for any permit for the modification of the building extending upon the City right-of-way, or in the event that the building shall be damaged or destroyed to the extent of 50 per cent or more of its value by fire, wind, flood, demolition, or other cause. Upon termination of this agreement, the Licensees shall be required and hereby agree to remove that portion of existing building occupying the City right-of-way at their expense and without cost to the City prior to the expiration period of this agreement. 5. This agreement shall be binding upon the parties hereto. their successors and assigns. -2- u L ~ L