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DocuSign Envelope ID:17EE4380-9B20-4D47-961E-38D33339D45C <br /> Owner shall promptly review the Application for Payment and notify Professional Firm whether the <br /> Application is approved or disapproved, in whole or in part. Owner shall promptly pay Professional Firm for all <br /> approved services and expenses. For purposes of Texas Government Code§2251.021(a)(2),the date performance of <br /> services is completed is the date when the Owner's representative approves the Application for Payment. <br /> Owner shall have the right to withhold from payments due Professional Firm such sums as are necessary to <br /> protect Owner against any loss or damage which may result from negligence by Professional Finn or failure of <br /> Professional Firm to perform its obligations under this Agreement. <br /> ARTICLE 11 <br /> PROFESSIONAL FIRM'S ACCOUNTING RECORDS <br /> Records of Professional Finn costs, reimbursable expenses pertaining to the Project and payments shall be <br /> available to Owner or its authorized representative during business hours and shall be retained for three(3)years after final <br /> Payment or abandonment of the Project,unless Owner otherwise instructs Professional Firm in writing. Professional <br /> Firm's records shall be kept on the basis of generally accepted accounting principles. <br /> ARTICLE 12 <br /> INSURANCE <br /> For services performed on Owner's premises,Professional Firm shall furnish to Owner Certificates of Insurance <br /> as set forth below prior to the commencement of any work hereunder and shall maintain such coverage during the full <br /> tern of the Agreement. <br /> Worker's Compensation Statutory Limits <br /> Employer's Liability $1,000,000 each occurrence <br /> $1,000,000 aggregate <br /> Comprehensive General Liability $1,000,000 each occurrence <br /> $1,000,000 aggregate <br /> Comprehensive Auto Liability $1,000,000 each person <br /> Bodily Injury $1,000,000 each occurrence <br /> Property Damage $1,000,000 each occurrence <br /> Professional Liability $1,000,000 <br /> Professional Finn shall include the Owner as an additional insured on the General Liability policy,and the <br /> Worker's Compensation policy shall include a waiver of subrogation in favor of the Owner. <br /> Required insurance shall not be cancelable without thirty(30)days'prior written notice to Owner. <br /> Upon request Professional Finn shall furnish complete sets of its insurance policies to Owner for review. If <br /> additional insurance or changes to this article are required,they shall be explicitly laid out in Exhibit 1. <br /> ARTICLE 13 <br /> INDEMNITY <br /> Professional Firm shall hold Owner, The City of San Marcos, and its City Council, officers, agents and <br /> employees harmless and free from any loss,damage or expense arising out of any occurrence relating to this Agreement <br /> or its performance and shall indemnify Owner,and its City Council,officers,agents and employees,customers,agents, <br /> i <br /> I <br /> Rev.08/21/18 Page 7 of 11 <br /> i <br /> i <br /> i <br />