ADELPHIA 2 - 2005 - Laserfiche WebLink

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"The City of Santa Ana, its officers, agents, employees, and volunteers, are added as an additional insured as respects the operations of the named insured under the cable television franchise granted by the City. Grantee's insurers will complete and submit their standard form Additional Insured Endorsement." 3. The insurance required of Grantee under this franchise is primary, and no insurance held by Grantor may be called upon to contribute to a loss under this coverage. 4. All insurance policies must provide that, in the event of material change, reduction, cancellation, or non-renewal by the insurance carrier for any reason, not less than 30 days' written notice will be given to Grantor by registered mail of such intent to cancel, materially change, reduce, or not renew the coverage. An authorized agent of the insurance carrier must provide to the Grantor, on such schedule as is requested by the Grantor, a certification that all insurance premiums have been paid and all coverages are in force. If for any reason Grantee fails to obtain or keep any of the insurance in force, Grantor may (but is not required to) obtain that insurance. In that event, Grantee must promptly reimburse Grantor its premium costs, plus one and one-half percent (1-1/2%) monthly interest thereon until paid. 5. All insurance must be obtained from companies that are licensed to transact business in California and that have a rating of A-VII or better in A.M. Best Company's Insurance Guide. 6. The deductibles or self-insured retentions are subject to the Grantor's prior approval, which approval will not be unreasonably withheld. (b) No later than 30 days after the effective date of this Agreement, Grantee must provide to Grantor certificates of insurance evidencing the required coverage and any required additional insured endorsements. (c) Upon Grantor's request, Grantor and Grantee will confer in good faith concerning an increase in the amount or limits of insurance coverage specified above based upon costs and claims experience, but such negotiations will occur no more often than every three years during the term of the franchise. 2.5. Performance Bond for Construction and Securitv Fund. (a) Performance Bond for Construction. During the term of this Agreement, if Grantee commences new system construction whereby more than 25% of its plant is to be upgraded or replaced, then Grantee must provide to Grantor a performance bond for construction in the amount of $500,000 prior to the commencement of construction. The performance bond for construction will guarantee the Grantee's faithful performance of its obligations under this Agreement. Prior to construction, and in compliance with all applicable local ordinances relating to use of the public rights-of-way, Grantee will either prepay or deposit funds to pay Grantor's inspection fees and administrative costs. The performance bond for construction will guarantee emergency repairs to public improvements that may be damaged in the course of Grantee's construction of the cable system, and will also guarantee that, upon any abandonment or other permanent cessation or termination of the work relating to the construction of Grantee's cable 12097 -0002\6806 72v 19.Joc -10- City of Santa Ana EXECUTION COPY 4/07/05