Res 2007-014 - Laserfiche WebLink

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understanding of Its terms, provisions, and requirements, and will inform its contractor of the need to I execute the agreement. Under no circumstances will Licensee's contractor be allowed onto Licensor's property without first executing the Contractor's Right of Entry Agreement and the contractor providing to the LIcensor the msurance binders, certificates and endorsements described in the Contractor's RIght of Entry Agreement. Article V. INSURANCE. A. Before commencement of the term of this Agreement and prior to any Pipeline construction, the Licensee or Licensee's contractor (whichever entity will be performing the Pipeline construction work), at its sole expense, shall provide to the Licensor the insurance binders, certificates and endorsements described in Exhibit C, attached hereto and hereby made a part hereof. B. Not more frequently than once every two years, Licensor may reasonably modIfy the required insurance coverage to reflect then-current risk management practices in the railroad industry and underwnting practices in the insurance industry. C. All insurance correspondence shall be directed to: Tom Judkins Folder No. 02402-07 Union Pacific Railroad Company Real Estate Department 1400 Douglas Street STOP 1690 Omaha, NE 68179-1690 I D. If the Licensee is a public entity subject to any applicable statutory tort laws, the limits of insurance described in Exhibit C shall be the limits the Licensee then has in effect or which is required by applicable current or subsequent law, whichever is greater, a portion ofwhi~f-il1sured with the consent and approval of Licensor. -- Article VI. TERM. This Agreement shall take effect as of the Effective Date first herem written and shall continue in full force and effect until terminated as herein provided. IN WITNESS WHEREOF, the partIes hereto have caused thiS Agreement to be executed as of the date first herein written. By: CITY OF SAN MARCOS, TEXAS By: ~.~Ji Title: C 11 'I ('(1 AN A be R.. I