Common use of Insurance Release and Indemnity Clause in Contracts

Insurance Release and Indemnity. 10.1 The Renter shall maintain and provide to the Library, at least fourteen (14) business days prior to the commencement of the Rental Period, satisfactory evidence of third party general liability insurance for an amount not less than $2,000,000.00 (or such other amount required by the Library) covering the Renter, its officers, directors, employees, agents, and others for whom it is responsible and including personal injury, contractual liability, employer’s liability, host liquor liability, owners’ and contractors’ protective, tenants legal liability and cross liability and severability of interest clause. The policy shall also provide that these coverages will not be cancelled or permitted to lapse unless the insurer notifies the Library in writing at least fourteen (14) business days prior to commencement of the Event. This insurance shall have no exclusion pertaining to injury of a participant. 10.2 The Renter hereby releases the Library and its agents, officers, directors and employees and any other person, corporation, firm, partnership or other entity or group thereof for whom the Library is legally responsible and each of them from any liability for loss arising in any way out of the performance of this Agreement or out of the Renter’s occupation and/or control of the Premises. 10.3 The Renter shall indemnify and hold harmless the Library from and against all liabilities, claims, damages and expenses (including reasonable legal fees on a solicitor and client basis) arising out of negligence, wilful misconduct or other fault of the Renter, its employees, agents, representatives or whomever the indemnifying party is at law responsible for in the performance of its obligations in this Agreement.

Insurance Release and Indemnity. 10.1 The Renter shall maintain and provide to the Library, at least fourteen thirty (1430) business days prior to the commencement of the Rental Period, satisfactory evidence of third party general liability insurance for an amount not less than $2,000,000.00 (or such other amount required by the Library) covering the Renter, its officers, directors, employees, agents, and others for whom it is responsible and including personal injury, contractual liability, employer’s liability, host liquor liability, owners’ and contractors’ protective, tenants legal liability and cross liability and severability of interest clause. The policy shall also provide that these coverages will not be cancelled or permitted to lapse unless the insurer notifies the Library in writing at least fourteen thirty (1430) business days prior to commencement of the Event. This insurance shall have no exclusion pertaining to injury of a participant. 10.2 The Renter hereby releases the Library and its agents, officers, directors and employees and any other person, corporation, firm, partnership or other entity or group thereof for whom the Library is legally responsible and each of them from any liability for loss arising in any way out of the performance of this Agreement or out of the Renter’s occupation and/or control of the Premises. 10.3 The Renter shall indemnify and hold harmless the Library from and against all liabilities, claims, damages and expenses (including reasonable legal fees on a solicitor and client basis) arising out of negligence, wilful misconduct or other fault of the Renter, its employees, agents, representatives or whomever the indemnifying party is at law responsible for in the performance of its obligations in this Agreement.