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VI. ASSIGNABILITY <br />SUBRECIPIENT shall not assign nor transfer any interest <br />in this agreement, whether by assignment or novation, without the <br />prior written consent of CITY; provided, however, that claims for <br />money due or to become due SUBRECIPIENT from CITY under this <br />agreement may be assigned to a bank, trust company or other <br />financial institution, or to a trustee in bankruptcy, without such <br />approval. Notice of any such assignment or transfer shall be <br />promptly furnished to CITY. <br />VII. HOLD HARMLESS <br />SUBRECIPIENT shall indemnify and save harmless CITY, its <br />officers and employees, from and against any and all damages to <br />property or injuries to or death of any person or persons, <br />including property and employees or agents of CITY, and shall <br />defend, indemnify and save harmless CITY, its officers and <br />employees, from and against any and all claims, demands, suits, <br />actions or proceedings of any kind or nature, including, but not by <br />way of limitation, workers compensation claims, resulting from or <br />arising out of the negligent or wrongful acts, errors or omissions <br />of SUBRECIPIENT, its employees or subcontractors. <br />VIII. INSURANCE <br />A. SUBRECIPIENT shall furnish CITY's Clerk of the <br />Council with an insurance certificate from its workers compensation <br />insurance carrier certifying that it carries such insurance and <br />that the policy shall not be canceled nor the coverage reduced <br />except upon thirty (30) days prior notice to CITY. <br />Page 13 of 21 Pages <br />