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<br /> the insured for whom this certificate is <br /> executed and are in force at this time. In the <br /> event of cancellation or material change in a <br /> policy affecting the certificate holder, thirty <br /> (30) days prior written notice will be given the <br /> certificate holder.ß <br /> For the purpose of the Contract, the Contractor shall carry <br /> the following types of insurance in at least the limits <br /> specified below: <br /> Coverages Limits of Liability <br /> <br /> Workmen's Compensation Statutory <br /> Employer's Liability $500,000 <br /> Bodily Injury Liability $500,000 each occurrence <br /> Except Automobile $1,000,000 aggregate <br /> Property Damage Liability $500,000 each occurrence <br /> Except Automobile $1,000,000 aggregate <br /> Automobile Bodily Injury $500,000 each person <br /> Liability $1,000,000 each occurrence <br /> Automobile Property Damage $500,000 each occurrence <br /> Liability <br /> Excess Umbrella Liability $5,000,000 each occurrence <br /> 12.00 BOND <br /> 12.01 Performance Bond <br /> (a) The Contractor will be required to furnish a <br /> corporate surety bond as security for the <br /> performance of this Contract. Said surety bond <br /> must be in the amount of ONE MILLION FOUR <br /> THOUSAND SIX HUNDRED SEVENTY SIX DOLLARS <br /> ($1,457,676); provided, however, that the term <br /> of this bond is from the 1st day of June, 1988, <br /> until the 1st day of June, 1993, and can only be <br /> extended with the express written consent ~f the <br /> Surety, and the total liability of the Surety <br /> shall not exceed the penal sum of the bond. <br /> (b) Premium for the bond described above shall be <br /> paid by the Contractor. A certificate from the <br /> surety showing that the bond premiums are paid <br /> in full shall accompany the bond. <br /> 18100 - 22 - <br />