c. Contract approval
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c. Contract approval
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<br />i <br />I <br />i <br />i <br />i <br />, <br /> <br /> <br /> <br />3) Property insurance insuring the full and Ime value of all Landlord's real an I <br />personal property located on or in the building in which the leased premisel <br />are located for all losses. <br /> <br />The insurance coverages listed above must meet the following additional requirements: <br /> <br />I) Any deductible or self-retention amount of other similar obligations under e <br />policies shall be the sole responsibility of the Landlord. The amount of an <br />deductible or self-retentions subject to approval by the State, <br />2) This insurance may be in policy or policies of insurance, primary and exce1, <br />including the so-called umbrella or catastrophe form and must be placed wi h <br />insurers rated "A-" or better by A,M. Best Company, Inc., provided any <br />excess policy follows form for coverage. Less than an "A-" rating must bet <br />approved by the State, The policies shall be in form and terms approved b <br />the State, "Follows form" means the excess policy must be written with th <br />same terms and conditions as the policy to which it is excess. ~ <br />3) Landlord shall furnish a certificate of insurance evidencing the required <br />coverages are in effect and providing that the coverages may not be cancele <br />or modified without 3D-days' prior written notice to State, i <br />4) Failure to provide insurance as required in this agreement is a material brea~h <br />of contract entitling State to terminate this agreement immediately, <br /> <br />17) EFFECTIVENESS OF LEASE <br /> <br />i <br />This lease is not binding on State until it is reviewed by the Office of Attomet <br />General and approved by the Facility Management Division, Office of Management an <br />Budget, as required in N.D.C.C. 9 54-21-24.1. <br /> <br />I <br />CASSCOUNTY i <br /> <br />BY: ~ ~4-dObf <br />DArE <br />ITS: thaJYman" fuss Gurcty Comm;&~;~ <br /> <br />5 <br />
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