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8.5 Notice of Cancellation: each insurance policy required shall not be canceled, <br />except with thirty (30) days written notice to the City. <br />8.6 Waiver of Subrogation: Licensee hereby grants to City a waiver of any right to <br />subrogation, which any insurer of said Licensee may acquire against the City by virtue of the payment of <br />loss under such insurance. Licensee agrees to obtain any endorsement that may be necessary to affect this <br />waiver of subrogation, but this provision applies regardless of whether or not the City has received a waiver <br />of subrogation endorsement from the insurer. <br />8.7 Self -Insured Retentions: self -insured retentions must be declared to and <br />approved by the City. The City may require the Licensee to purchase coverage with a lower retention or <br />provide proof of ability to pay losses and related investigations, claim administration, and defense expenses <br />within the retention. The policy language shall provide, or be endorsed to provide, that the self -insured <br />retention may be satisfied by either the named insured or City. <br />8.8 Acceptability of Insurers: insurance is to be placed with insurers authorized to <br />conduct business in the state of California with a current A.M. Best's rating of no less than A:VII, unless <br />otherwise acceptable to the City. <br />8.9 Verification of Coverage: Licensee shall furnish the City with original <br />certificates of insurance, including all required amendatory endorsements (or copies of the applicable policy <br />language effecting coverage required by this clause) a copy of the Declarations and Endorsement page of <br />the CGL policy listing all policy endorsements to City before work begins. However, failure to obtain the <br />required documents prior to the use contemplated by the License begins shall not waive the Licensee's <br />obligation to provide them. <br />The City reserves the right to require complete, certified copies of all required insurance policies, <br />including endorsements require by these specifications at any time. <br />9. Indemnity. Licensee shall indemnify, defend, and hold harmless City, and its respective <br />agents, representatives, employees, subsidiaries and affiliates ("Covered Parties") from and against any <br />and all actions, suits, claims, demands, judgments, losses, expenses, or liabilities, injuries and damages to <br />persons and property, including death, arising out of or related to Licensee's use of the License Area, the <br />entry by any Licensee Party on the License Area or surrounding property, or Licensee's breach or default <br />in the performance of any of its obligations under this Agreement; provided, however, that Licensee will <br />not be obligated to indemnify the Covered Parties from any claims arising solely from the gross negligence <br />or willful misconduct of a Covered Party. If any action or proceeding is brought against any Covered Party <br />by reason of any such claim, Licensee, upon receipt of written notice from Covered Party, shall defend the <br />same at Licensee's expense with legal counsel reasonably acceptable to Covered Party. Payment shall not <br />be a condition precedent to recovery under any indemnification in this Agreement, and a finding of liability <br />or an obligation to indemnify shall not be a condition precedent to the duty to defend. The provisions of <br />this Section 9 shall survive the termination or expiration of this Agreement. <br />10. Miscellaneous. <br />10.1 Entire Agreement, Waiver and Amendments. This Agreement incorporates all of <br />the terms and conditions mentioned herein, or incidental hereto, and supersedes all negotiations and <br />previous agreements between the parties with respect to the subject matter of this Agreement. All waivers <br />of the provisions of this Agreement must be in writing and signed by the appropriate authorities of the party <br />to be charged. Any amendment or modification to this Agreement must be in writing and executed by the <br />appropriate authorities of the City and Licensee. <br />Page 3 of 5 <br />