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GASOL FOUNDATION (2)
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Last modified
5/23/2023 8:47:58 AM
Creation date
2/28/2023 10:40:09 AM
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Contracts
Company Name
GASOL FOUNDATION
Contract #
N-2023-033
Agency
Parks, Recreation, & Community Services
Expiration Date
12/31/2023
Destruction Year
2028
Notes
For Insurance Exp. Date see Notice of Compliance
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I Notice of Cancellation; Each insurance policy required above shall provide that <br />coverage shall not be canceled, except with notice to the City, <br />4. 'Waiver of Suhrogatfort: Provider hereby grtuits to City a waiver of any right to <br />subrogation that any insurer of said Provider may acquire against the City by virtue <br />of the payment of any loss under such insurance. Provider agrees to obtain any <br />endorsement that may be necessary to affect this waiver of subrogation, but this <br />Provision applies regardless of whether or not tire City has rece-ived a waiver of <br />subrogation endorsement from the insurer. <br />S. Self -Insured Retentions: Self -insured retentions must be declared to and approved <br />by the City. The City may require the Provider to purchase coverage with a lower <br />retention or provide proof of ability to pay losses and related investigations, claim <br />administration, and defense expenses within the retention, The policy language <br />shall provide, or be endorsed to provide, that the self -insured retention nifty be <br />satisfied by either the Warned insured or City, <br />G Acceptability of Insurers: Insurance is to be placed with insurers authorized to <br />conduct business in the state with a current A.M. Best°s rating of no less than <br />A; VII, unless otherwise acceptable to the City. <br />Verification of Coverage: Provider shall furnish the City with original Certificates <br />of Insurance including all required amendatory endorsements (or copies of the <br />applicable policy langrage effecting coverage requiredby this clause) and a copy of <br />the Declarations and Endorsement Page of the CGI, policy listing all policy <br />endorsements to City before work begins, however, failure to obtain the required <br />documents prior to the work beginning shall not waive the Provider's obligation to <br />provide them. <br />'rho City reserves the right to require complete, certified copies of all required <br />insurance policies,including endorsements required by these specifications, at any <br />time. <br />8. ,Subcontractors: Provider shall require and verity that all subcontractors maintain <br />insurance meeting all the requirements stated herein, and Provider shall ensure that <br />City is an additional insured on insurance required from subcontractors. <br />9. Special Risks or Circurnstance;4: City reserves the right to modify these <br />requirements, including; limits, based on the nature of the risk, prior experience, <br />insurer, coverage, or other special circumstances, <br />6, INT 11wNIFICATION <br />Provider agrees to defend, and shall indemnify and hold harmless the, City, its officers, <br />agents, employees, special counsel, and representatives from liability: (1) for personal injury, <br />damages, just compensation, restihrtion, judicial or equitable relief arising out of claims for <br />4 <br />
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