Res 2006-035 - Laserfiche WebLink

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I~ I I I noncompliance, Bank may terminate such Service after the 30 day period. 7.4 In the event of termination as provided in this Article, the City will compensate the Depository for all services performed to the termination date which are deemed by the City to be in accordance with this Agreement. This amount will be paid by the City upon the Depository's delivering to the City all information and materials developed or accumulated by the Depository in performing the services described in this Agreement, whether completed or in progress. The expense of reproduction of these items will be borne by the City. ARTICLE 8 INSURANCE AND INDEMNITY 8.1 Neither party will be responsible for indemnifying the other party with respect to claims of third parties arising from the negligent or intentional acts or omissions of the parties or their officers, employees or agents. 8.2 The Depository will procure and maintain at Depository's expense insurance with insurance companies authorized to do business in the State of Texas, covering all operations under this Agreement, whether performed by Depository or Consultant's agents, subcontractor or employees. Before commencing the work the Depository will furnish to the City a certificate or certificates in form satisfactory to the City, showing that Depository has complied with this paragraph. All certificates will provide that the insurance company will endeavor to provide at least 30 days written notice to the City of any cancellation or change in coverage, and will name the City as an additional insured on all coverages except workers' compensation and professional liability. The kinds and amounts of insurance required are as follows: Workers' Compensation Insurance: In accordance with the provisions of the Workers' Compensation Act of the State of Texas. Liabilitv Insurance: (1) Commercial general liability insurance with a combined single limit of $500,000 for each occurrence and $500,000 in the aggregate, (2) Motor Vehicle liability insurance in an amount not less than $250,000 for injuries to anyone person, $500,000 on account of anyone accident and in an amount of not less than $250,000 for property damage and (3) professional liability coverage to cover lawful claims arising in connection with these services in the combined single limit amount of at least $500,000. The stated limits of insurance required by this Paragraph are minimum only. It will be the Depository's responsibility to determine what limits are adequate. These limits may be basic policy limits or any combination of basic limits and umbrella limits. The City's acceptance of Certificates of Insurance that do not comply with these requirements in any respect does not release the Depository from compliance with these requirements. ARTICLE 9 MISCELLANEOUS PROVISIONS 6