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<br />City of Santa Ana <br />08-CaIHome-4922 <br />Page 2 of 5 <br /> <br />EXHIBIT C <br /> <br />Department's intention to terminate this Agreement. <br /> <br />B. In the event of such breach the Department may also take such aelion or seek <br />such remedies as are provided in any other executed loan documents. <br /> <br />C. Unless otherwise approved by the Department, upon termination of this <br />Agreement, the Contractor shall complete all the Work in progress and terminate <br />any other activities that were to be paid for with Program funds. Any <br />unexpended funds received by the Contractor shall be returned to the <br />Department within 15 days of the notice of termination. <br /> <br />5. Insurance <br /> <br />A. Prior to the disbursement of funds under this Agreement and thereafter during <br />the term hereof, the Contractor shall obtain, carry, and maintain in force, <br />comprehensive general liability insurance in the amount of not less than one <br />million dollars ($1.000,OOO) for injury to or death of one person, one million <br />dollars ($1,000,000) for injury to or death of more than one person in one <br />accident, and adequate property damage insurance. All insurance carriers must <br />meet the requirements of the State of California Department of Insurance. <br /> <br />B. Upon demonstration of cause satisfactory to the Department. the requirements <br />of subparagraph "A" may be satisfied by the Contractor providing evidence of an <br />alternative to conventional insurance sufficient to provide equivalent proteelion. <br /> <br />6. Insoections <br /> <br />A. The Contractor shall inspect any Work performed hereunder to ensure that the <br />Work is being and has been performed in accordance with the applicable <br />federal, state and/or local requirements, any applicable construction contract, <br />and this Agreement The Contractor agrees to require that all Work found by <br />such inspections not to conform to the applicable requirements be corrected, and <br />to withhold payment to the construction contractor or subcontractor until it is so <br />correeled. <br /> <br />B. The Department reserves the right to inspect any site upon which the Work is <br />being performed; and the Contrector shall cause to be inserted in any <br />subcontract for performance of the Work a provision permitting the Department <br />or its agents the right to inspect the work-site at any reasonable time. <br /> <br />7. SiClns <br /> <br />If assistance is provided as a secured development loan, any signs placed on the <br />Property during construction which identify the sponsor of, or lenders to, the <br />development shall include the Department as one of the entities providing financing to <br />the development. During the construction period the Department may place one or <br />more signs on the Property stating that it is providing financing for the development. <br />