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<br /> <br /> <br /> DO NOT RECORD <br /> <br /> <br /> 2. Licensor will not be responsible for premiums or assessments on the <br /> policy. <br /> A complete and signed certificate of insurance with all endorsements required by this <br /> Section shall be filed with Licensor prior to the execution of this Agreement. At least <br /> thirty (30) days prior to the expiration of any such policy, a signed and complete <br /> certification of insurance showing that coverage has been renewed, shall be filed with <br /> Licensor. <br /> <br /> Section 4.04 Certificates of Insurance; Additional Insured Endorsements <br /> <br /> Prior to execution of this Agreement, Licensee shall furnish to Licensor certificates of <br /> insurance and additional insured endorsements to each of Licensee's insurance policies, <br /> subject to approval of the City Attorney, evidencing the foregoing insurance coverages as <br /> required by this Agreement; these certificates shall: <br /> <br /> 1. provide the name and policy number of each carrier and policy; <br /> <br /> 2. shall state that the policy is currently in force; and <br /> <br /> 3. shall promise to provide that such policies will not be canceled, suspended, <br /> voided, reduced in coverage or in limits, or modified without thirty (30) days <br /> prior written notice of Licensor; and <br /> <br /> 4. Licensee shall provide the onsite Property Manager with an up to date list of the <br /> license plate numbers for each of its insured vehicles. <br /> <br /> Licensee shall maintain the foregoing insurance coverages in force throughout the term of <br /> this Agreement. The requirement for carrying the foregoing insurance coverages shall <br /> not derogate from the provisions for indemnification of Licensor by Licensee under the <br /> Agreement. Licensor or its representatives shall at all times have the right to demand the <br /> original or a copy of all these policies of insurance, which Licensee shall provide within <br /> ten (10) days of Licensor's request. <br /> <br /> ARTICLE 5 - TERMINATION AND DEFAULT <br /> <br /> Section 5.01 Termination in the Event of Casualty or Condemnation <br /> <br /> (a) In the event of any damage, destruction or condemnation of the License <br /> Area, which renders the License Area unusable or inoperable in Licensor's <br /> judgment, Licensee shall have the right, but not the obligation, to terminate <br /> the Agreement with respect to the subject License Area by giving written <br /> notice to Licensor within thirty (30) days after such damage, destruction or <br /> condemnation. If by virtue of such casualty or condemnation, Licensor <br /> determines that the License Area is no longer adequate for Licensee to <br /> continue its operations, or any repairs to the License Area have not been <br /> 7 <br /> <br /> <br /> 25F-10 <br />