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<br />I <br /> <br />THOUSAND DOLLARS ($300,000.00) in the aggregate for property damage <br />and personal injury and death, which coverage may be provided in the form of a <br />rider and/or endorsement to a previously existing insurance policy. Such <br />insurance coverage shall specifically name the CITY as co-insured or as an <br />additional insured. This insurance coverage shall cover all perils arising out or <br />connected in any way to the activities of the PROPERTY OWNER, its officers, <br />employees, agents or contractors, relative to this Agreement. The PROPERTY <br />OWNER shall be responsible for any deductibles stated in the policy. A true <br />copy of each instrument affecting such additional coverage shall be delivered to <br />the CITY within twenty-one (21) days of the effective date of this Agreement. <br /> <br />b. The PROPERTY OWNER shall not cause any insurance to be canceled <br />nor permit any insurance to lapse. All insurance certificates shall include a clause <br />to the effect that the policy shall not be canceled, reduced, restricted or otherwise <br />limited until thirty (30) days after the CITY has received written notice as <br />evidenced by a return receipt of registered or certified mail. <br /> <br />5. <br /> <br />Indemnification <br /> <br />I <br /> <br />To the extent permitted by Texas law, the PROPERTY OWNER agrees to and <br />shall indemnify, defend and hold harmless the CITY and its officers, agents and <br />employees against all claims, suits, demands, judgments, expenses, including <br />attorney's fees, or other liability for personal injury, death, or damage to any <br />person or property, which arises from or is in any manner connected to or caused <br />in whole or in part by the PROPERTY OWNER'S construction, maintenance or <br />use of the Licensed Property. This indemnification provision, however, shall not <br />apply to any clams, suits, damages, costs, losses or expenses (i) for which the <br />CITY shall have been compensated by Insurance provided under Paragraph 4., <br />above, or (ii) arising from and to the extent of the grossly negligent or willful acts <br />of the CITY; provided that, for the purposes of the foregoing, the CITY'S act of <br />entering into this Agreement shall not be deemed to be a "grossly negligent or <br />willful act". <br /> <br />6. <br /> <br />Conditions <br /> <br />a. Compliance with Regulations. The PROPERTY OWNER agrees that all <br />construction, maintenance and repair permitted by this Agreement shall be done <br />in compliance with all applicable City, County, State and/or Federal policies, <br />traffic, building, health and safety ordinances, laws and regulations, including, <br />without limitation, the CITY's Land Development Code. <br /> <br />I <br /> <br />b. PROPERTY OWNER'S Responsibilities. The PROPERTY OWNER will <br />be liable for any damage to or relocation of existing facilities required by the <br />construction of the Improvements. Further, the PROPERTY OWNER shall <br />reimburse the CITY for all reasonable costs incurred by the CITY in replacing or <br />repairing any property of the CITY or of others which was damaged or destroyed <br /> <br />License Agt Carma BV San Marcos 20070126 <br /> <br />3 <br />