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the Term complete workers' compensation insurance, to statutory limits, with employer's <br />liability limits not less than One Million Dollars ($1,000,000) per occurrence, and shall furnish a <br />Certificate of Insurance to City prior to entry onto the Property pursuant to this Permit, before the <br />commencement of Work. All Additional Insureds shall not be responsible for any claims in law <br />or equity occasioned by the failure of Licensee to comply with this section. Every workers' <br />compensation insurance policy shall bear an endorsement or shall have attached a rider providing <br />that, in the event of expiration or proposed cancellation of such policy for any reason whatsoever, <br />City shall be notified, giving Licensee a sufficient time to comply with applicable law, but in no <br />event less than thirty (30) days before such expiration, cancellation, or reduction in coverage is <br />effective or in the event of nonpayment of premium. <br />(5) Should any of the required insurance coverage required be written with an <br />annual aggregate such aggregate shall be disclosed in writing to City. <br />(6) If Licensee fails or refuses to produce or maintain the insurance required <br />by this section or fails or refuses to furnish City with required proof that insurance has been <br />procured and is in force and paid for, City shall have the right, at its election, to forthwith <br />terminate this Permit. <br />B. Licensee shall not permit any mechanics', materialmen's or other liens of any kind <br />or nature ( "Liens ") to be filed or enforced against the Property in connection with this Permit. <br />Licensee shall indemnify, defend and hold harmless City from all liability for any and all liens, <br />claims and demands, together with costs of defense and reasonable attorneys' fees, arising from <br />any Liens placed on the Property by any mechanics', materialmen's or otherwise due to the Work <br />performed in connection with this Permit. City reserves the right, at its sole cost and expense, at <br />any time and from time to time, to post and maintain on the Property, or any portion thereof, or <br />on the improvements on the Property, any notices of non - responsibility or other notice as may be <br />desirable to protect City against liability. In addition to, and not as a limitation of City's other <br />rights and remedies under this Permit, should Licensee fail, within thirty (30) days of written <br />request from City, either to discharge any Lien (to the extent such Lien is prohibited pursuant to <br />this Permit) or to bond for any Lien (to the extent such Lien is prohibited pursuant to this <br />Permit), or to defend, indemnify, and hold harmless City from and against any loss, damage, <br />injury, liability or claim arising out of a Lien (to the extent such Lien is prohibited pursuant to <br />this Permit), then City, at its option, may elect to pay such Lien, or settle or discharge such Lien <br />and any action or judgment related thereto and all costs, expenses and attorneys' fees incurred in <br />doing so shall be paid to City, as applicable, by Licensee upon written demand. <br />[SIGNATURE PAGE TO FOLLOW] <br />4 <br />47997465.2 <br />