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SCE Doc. 319004 Att. Contract No. 9.5074 <br /> <br /> <br /> <br /> Initial (_______)(_____/______/______) <br /> Licensor/Licensee <br />-4- <br /> <br />Rev8 2016-05-11 GS-JC <br /> <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 /> <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, 2023 and ending on the last day of April, <br />2028. 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 /> <br />3. Consideration: Licensee will pay to Licensor the sum of One Thousand Five Hundred <br />Eighty Six and 36/100 Dollars ($1,586.36) 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 /> <br />All accounts not paid by the agreed upon due date may be subject to a late fee of up to 20% of the <br />amount that was due on the date. <br /> <br />Initial payment will be paid to the Southern California Edison Company, Post Office Box 800 Rosemead, <br />California, 91770, and Attention: Corporate Accounting Department – Accounts Receivable. <br /> <br />4. Insurance: During the term of this Agreement, Licensee shall maintain the following <br />insurance: <br />(a) Workers’ Compensation 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; (ii) 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 />(c) Commercial Automobile Liability insurance with a combined single limit of <br />$2,000,000.00. Such insurance shall cover the use of owned, non-owned and hired <br />vehicles on the Property. <br />The failure to maintain such insurance may be deemed by Licensor a material default of this Agreement <br />and grounds for immediate termination pursuant to Articles 28 and/or 30. Licensee shall provide <br />Licensor with proof of such insurance by submission of certificates of insurance, pursuant to Article 38