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been properly and promptly tendered to Licensee, Licensee also hereby agrees to pay all reasonable <br />expenses of the City incurred by the City in defending itself with regard to any such damages, <br />claims or penalties, including all out-of-pocket expenses, attorney' fees, and the reasonable value <br />of any services rendered by any employees of the City. <br />2. The City will provide notice to the Licensee of the pendency of any claim or action <br />against the City arising out of the operations of the Licensee, the exercise by the Licensee of its <br />rights under this License Agreement or the performance thereof by the Licensee. The Licensee <br />shall thereafter be required to appear and defend any such claim or action. Nothing herein stated <br />shall limit the Licensee's obligation of full indemnification of the City hereunder. <br />ARTICLE XI - INSURANCE <br />Prior to commencement of any installation of Facilities under this License Agreement, <br />Licensee shall procure and thereafter continuously maintain, for as long as this License Agreement <br />remains in effect, at Licensee's expense, Commercial General Liability ("CGL") insurance written <br />on ISO form CG 00 01 01 96, or a substitute form providing equivalent coverage, with a limit of <br />not less than $2 Million per occurrence, covering liability arising from premises, operations, <br />independent contractors, personal injury, products completed operations, and liability assumed <br />under an insured contract, on an occurrence basis. Under the terms of the required CGL policy, <br />this License Agreement shall be defined as an insured contract. The policy shall identify the City <br />as an additional insured, shall contain a waiver of right of subrogation against City and a severability <br />of interests provisions, and shall have all necessary endorsements to provide coverage without <br />exclusion for explosion, collapse and underground property damage hazards. A certificate of <br />insurance shall be filed with the City's Director of Public Works prior to commencement of <br />installation of Facilities, which evidences compliance with the policy requirements stated above <br />and provides for thirty (30) days prior written notice to City prior to cancellation or material change <br />of any insurance referred to therein. In the event the certificate states that it confers no rights upon <br />the certificate holder, the City may require Licensee to furnish a complete copy of the policy <br />including all declarations and endorsements. Failure on the part of Licensee to procure or maintain <br />policies providing the required coverages, conditions, and minimum limits shall constitute a <br />material breach of contract upon which the City may immediately terminate this License Agreement <br />and the License granted herein, or at its discretion may procure or renew any such policy or any <br />extended reporting period thereto and may pay any and all premiums in connection therewith, and <br />all monies so paid by the City shall be repaid by Licensee to the City upon demand. The parties <br />understand and agree that the City is relying on, and does not waive or intend to waive by any <br />provision of this contract, the monetary limitations or any other rights, immunities, and protections <br />provided by the Colorado Governmental Immunity Act, § 24-10-101 et seq., C.R.S., as from time <br />to time amended, or otherwise available to the City, its officers, or its employees. <br />ARTICLE XII - TERM <br />Unless sooner terminated as provided herein, the term of this License Agreement shall be <br />for a period of five (5) years from and after the date of the Agreement. The Parties may mutually <br />agree in writing to renew this Agreement at expiration of the initial term. <br />12 <br />