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SCE Doc, 319004 Att. Contract No, 9,5074
<br />1. Use: Licensee will use the Property for park and public recreation purposes only.
<br />Licensor makes no representation, covenant, warranty or promise that the Property, and any fixtures
<br />thereon, are fit or suitable for any particular use, including the use for which this Agreement is made
<br />and Licensee is not relying on any such representation, covenant, warranty or promise. Licensee's use
<br />of the property for any other purpose and/or failure to utilize the Property in accordance with this
<br />License as determined by the Licensor in its sole discretion will be deemed a material default and
<br />grounds for immediate termination of this Agreement in accordance with Articles 28 and/or 30.
<br />2. Term: Unless otherwise terminated as provided herein, this Agreement will be in effect
<br />for a term of five (5) years commencing on the first day of May, 2018 and ending on the last day of April,
<br />2023. Licensee acknowledges that this Agreement does not entitle Licensee to any subsequent
<br />agreement, for any reason whatsoever, regardless of the use Licensee makes of the Property, the
<br />improvements Licensee places on or makes to the Property, or for any other reason.
<br />3. Consideration: Licensee will pay to Licensor the sum of One Thousand Three Hundred
<br />Sixty Seven and 10/ 100 Dollars ($1,367.10) upon the execution and delivery of this Agreement for the
<br />full term of this Agreement. Payment to Licensor must be in the form of a check or money order payable
<br />to Southern California Edison Company. No cash payments will be accepted by Licensor.
<br />All accounts not paid within 30 days of the agreed upon due date will be charged a late fee equal to ten
<br />percent (101%) of the full amount that was due on said date. To the extent a payment is not made within
<br />sixty (60) days, Licensor may increase the late fee to twenty percent (20%) of the full amount due.
<br />Licensor shall further be entitled to any other costs associated with collection of the unpaid amounts,
<br />All payments subsequent to the initial payment will be paid to the Southern California Edison Company,
<br />Post Office Box 800 Rosemead, California, 91.770, and Attention: Corporate Accounting Department —
<br />Accounts Receivable.
<br />4. Insurance: During the term of this Agreement, Licensee shall maintain the following
<br />insurance:
<br />(a) Wgrkers' Comnensation with statutory limits, under the laws of the State of California
<br />and Employer's Liability with limits of not less than $1,000,000.00 each accident,
<br />disease/each employee, and disease/policy limit. Licensee shall require its insurer to
<br />waive all rights of subrogation against Licensor, its officers, agents and employees, except
<br />for any liability resulting from the willful or grossly negligent acts of the Licensor.
<br />(b) Commercial General Liability Insurance, including contractual liability and products
<br />liability, with limits not less than ,$2,000,000.00 per occurrence and $2,000,000.00 in
<br />the aggregate. Such insurance shall: (i) name Licensor, its officers, agents and employees
<br />as additional insureds, but only for Licensee's negligent acts or omissions; (if) be primary
<br />for all purposes and (iii) contain separation of insureds or cross -liability clause, and (iv)
<br />require its insurer to waive all rights of subrogation against Licensor, its officers, agents
<br />and employees, except for any liability resulting from the willful or grossly negligent acts
<br />of the Licensor.
<br />-4-
<br />Revs 2016-05-11 GS -KB
<br />Initial
<br />Licensor/ Licensee
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