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the Santa Ana Municipal Code or any similar successor code provision, but only as pertaining to <br />Licensee's Equipment on Municipal Facilities. <br />8.2 Assessment of the Bond. Upon Licensee's failure to pay the Licensor any amount <br />owing under this Agreement, the performance bond may be assessed by the Licensor for purposes <br />including, but not limited to: <br />(a) Reimbursement of costs borne by the Licensor to correct violations <br />of the Agreement not corrected by Licensee, after Licensor provides notice and a reasonable <br />opportunity to cure such violations. This shall include but not be limited to removal of Equipment. <br />(b) To provide monetary remedies or to satisfy damages assessed <br />against Licensee due to a material breach of this Agreement. <br />8.3 Restoration of the Bond. Licensee must deposit a sum of money or a replacement <br />instrument sufficient to restore the performance bond to its original amount within thirty (30) days <br />after written notice from the Licensor that any amount has been recovered from the performance <br />bond. Failure to restore the bond to its full amount within thirty (30) days will constitute a material <br />breach of this Agreement. Licensee will be relieved of the foregoing requirement to replenish the <br />bond during the pendency of an appeal from the Licensoe's decision to draw on the performance <br />bond. <br />8.4 Required Endorsement. The performance bond is subject to the approval of the <br />Licensor and must contain the following endorsement: <br />"This bond may not be canceled until sixty (60) days after receipt <br />by the Licensor, by registered mail, return receipt requested, of a <br />written notice of intent to cancel or not to renew. " <br />8.5 Reservation of Licensor Rights. The rights reserved by the Licensor with respect <br />to the performance bond are in addition to all other rights and remedies the Licensor may have <br />under this Agreement or any other law. <br />8.6 Admitted Surety Insurer. The surety supplying the bond shall be an "admitted <br />surety insurer", as defined in California Code of Civil Procedure Section 995.120 and authorized <br />to do business in the State of California. <br />8.7 Cash Deposit. In lieu of obtaining a performance bond, Licensee shall have the <br />right to instead deposit a cash deposit with Licensor securing Licensee's obligations under this <br />Agreement. <br />9. INSURANCE. Licensee shall obtain and maintahi at all times during the term of this <br />Agreement insurances of flee types and in the amounts specified by Licensor from time to time, or <br />if not specified, the amounts in this Section 9: Commcrcaal General Liability insurance with a limit <br />of two million dollars ($2,000,000) per occurrence for bodily .injury and property damage and five <br />million dollars ($5,000,000) general aggregate including premises -operations, contractual liability, <br />personal injury and products completed operations; and Commercial Automobile Liability <br />insurance covering all owned non -owned and hired vehicles with a limit of one million dollars <br />Page 14 of22 <br />190735027_1 <br />