Common use of Release from Liability Clause in Contracts

Release from Liability. 1. The Lessee shall keep and maintain an insurance policy in a minimum amount of coverage of One Million Dollars ($1,000,000.00) single limit liability for any one accident or occurrence. Lessee agrees to provide insurance coverage as such may be required of all airport Lessees by Airport Board policy, which may be amended from time to time. The City of Rapid City agrees that insurance required by the Airport Board will not be unreasonable or arbitrary.

Release from Liability. 1. The Lessee shall keep and maintain an insurance policy in a minimum amount of coverage of One Million Dollars ($1,000,000.00) single limit liability for any one accident or occurrence. Lessee agrees to provide insurance coverage as such may be required of all airport Lessees by Airport Board policy, which may be amended from time to time. The City of Rapid City agrees that insurance required by the Airport Board board will not be unreasonable or arbitrary.