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insurance company authorized to do business in the state of Texas. The policy shall provide in <br />substance that the insurer will defend against all claims and lawsuits arising out of or in <br />connection with the construction, maintenance, occupancy, use, existence or location of said <br />Improvements and encroachment and uses granted hereunder and will pay any final judgment <br />of a court of competent jurisdiction against the city, its officers, agents or employees resulting <br />from the same. The insurance shall provide coverage in an amount of not less than <br />$1,000,000.00 for each single occurrence. The policy of insurance shall include both Licensee <br />and Licensor as insured parties to the full amount of the policy limits. If the policy is not kept in <br />full force and effect throughout the term of this License, the License may be terminated by <br />Licensor upon providing written notice of termination to Licensee. Notwithstanding any of the <br />foregoing, the undersigned Licensee's obligations under this Section 7 will immediately <br />terminate upon an assignment of this License by Licensee, pursuant to Section 13 hereof, <br />whereupon Licensee's assignee will provide Licensor with the evidence of insurance coverage <br />required by this Section. <br />8. Binding on successors -in- interest. This License, until its expiration or revocation, <br />shall run with the title to the above - described real property, and the terms and conditions <br />hereof shall be binding upon subsequent owners or holders thereof. Licensee shall cause any <br />immediate successors -in- interest to have factual notice of this License Agreement. <br />9. Expiration of License. This License shall expire automatically upon removal of the <br />Improvements located upon the Property pursuant to this License, and shall expire as to any <br />portion of said Improvements removed, upon their removal, whether or not all of the <br />Improvements are removed. <br />10. Revocation or Termination of License. Licensor may revoke or terminate this <br />License upon the occurrence of any of the following conditions or events: <br />a) Licensee or its successors or assigns have failed to comply with the terms of this <br />License; or <br />b) The Improvements located thereon or any portion of them unreasonably and <br />materially interfere with the rights of the Licensor or the public in or to Licensor's <br />property; or <br />c) The use of the licensed area becomes necessary for a public purpose; or <br />d) Said Improvements or a portion of them constitute a danger to the public which is <br />not remediable by maintenance or alteration of the said Improvements; or <br />e) Said Improvements or a portion of them have expanded beyond the scope of the <br />approved encroachment; or <br />f) Maintenance or alteration necessary to alleviate danger to the public has not been <br />made within a reasonable time after the dangerous condition has arisen. <br />11. Integration; Amendments; No Warranty of Title. This License constitutes the entire <br />agreement between Licensor and Licensee on this subject, and it may be amended only by <br />written instrument executed by both parties. THE LICENSOR MAKES NO WARRANTY OF TITLE <br />-3- <br />