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given. in writing to CITY. LICENSEE shall give to CITY prompt and <br />timely notice of any claim made or suit instituted. Insurance <br />coverage specified herein constitutes the minimum requirements and <br />said requirements shall in no way lessen or limit the liability of <br />LICENSEE under this Agreement. <br />18. LICENSEE shall obtain at its sole cost and file <br />with CITY'S Clerk of the Council, and maintain for the period <br />covered by this Agreement a policy or policies of multiple peril <br />insurance, or a certificate of such insurance, satisfactory to <br />CITY`S City Attorney, which provides coverage for complete or <br />partial loss of or damage to said concession stand or the contents <br />thereof due to fire, theft or vandalism. If LICENSEE now, or at <br />any •time during the course of this Agreement, qualifies as an <br />employer under Labor Code Section 3300, unless the hired <br />employee(s) come(s) within those persons excluded under the Labor <br />Code, LICENSEE shall furnish CITY with an insurance certificate <br />from its workers compensation insurance carrier certifying that it <br />carries such insurance as is sta•tuto.rily required, and that the <br />policy will not be cancelled nor the coverage reduced except upon <br />thirty (30) days prior written, notice to CITY. <br />19. LICENSEE shall, before exercising any of the other <br />rights or responsibilities of this Agreement, furnish to CITY and <br />file with CITY`S Clerk of the Council good and sufficient bonds in <br />a form to 'be approved 'by CITY' S attorney as follows <br />a. securing the faithful performance by LICENSEE of <br />9 <br />