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<br />2. <br /> <br />During the first two (2) years of this agreement, <br />Avionics Shop shall pay the sum of $.02 per square <br />foot per year, payment to be made in advance and on <br />each anniversary date of this lease. <br />For the remaining period this initial lease is in effect, <br />Avionics Shop shall pay the sum of $.05 per square foot <br />per year. <br /> <br />1. <br /> <br />x <br /> <br />Avionics Shop agrees to pay all utility charges in connection <br /> <br />with the premises occupied and used by Avionics Shop at Airport for <br /> <br />which City becomes liable. <br /> <br />XI <br /> <br />Avionics Shop shall not make nor enter into any contract, order <br /> <br />or obligation of any kind in the name of or in behalf of City, <br /> <br />and no contractual or other obligation entered into by it shall <br /> <br />be binding upon City without the previous written authorization <br /> <br />0 f City. <br /> <br />XII <br /> <br />Avionics Shop agrees to file with City a policy of public <br /> <br />liability insurance issued by a casualty insurance company duly <br /> <br />authorized to do business in the State of Texas with minimum limits <br /> <br />of $100,000.00 per person and $300,000.00 for any single occurrence <br />of bodily injury or death and $100,000.00 for any single occurrence <br /> <br />or InJury to or destruction of property. <br /> <br />Said insurance policy <br /> <br />shall name the City as co-insured. <br /> <br />Said insurance shall contain the <br /> <br />endorsement that such insurance may not be cancelled or amended with <br /> <br />respect to Avionics Shop without ten (10) days written notice by <br /> <br />certified mail, return receipt requested, to City by the insurance <br /> <br />company. <br /> <br />City shall not be required to pay any of the premiums for <br /> <br />said policy. <br /> <br />Any insurance policy herein required or procured by <br /> <br />Avionics Shop shall contain an express waiver of any rights of <br /> <br />subrogation by the insurance company against City. <br /> <br />A copy of any <br /> <br />policy so procured shall be delivered by Avionics Shop to City within <br /> <br />ten (10) days of the inception Qf any policy by the insurance company. <br /> <br />The minimum limits Qf any insurance coverage herein required shall <br /> <br />not limit Avionics Shop liability under Part XIII of this agreement. <br /> <br />XIII <br /> <br />Avionics Shop agrees to indemnify and hold harmless City from <br /> <br />all damages, claims, 10ssess, demands, suits, judgements, costs <br /> <br />and expenses arIsIng from the operation by Avionics Shop of <br /> <br />consultant services, sales, repair, cable fabrication, and <br /> <br />installation of aircraft electronics operation at AirpQrt and <br /> <br />4 <br />