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ITERIS, INC. 4 -2015
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ITERIS, INC. 4 -2015
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Last modified
5/26/2016 4:42:33 PM
Creation date
6/25/2015 10:54:04 AM
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Contracts
Company Name
ITERIS, INC.
Contract #
A-2015-056
Agency
PUBLIC WORKS
Council Approval Date
4/21/2015
Expiration Date
12/31/2018
Insurance Exp Date
4/1/2017
Destruction Year
2023
Document Relationships
ITERIS, INC.
(Amended By)
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\Contracts / Agreements\I
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(6) When this insunance is excess over other <br />insurance, we will pay only our share of <br />the amount of the loss, if any, that exceeds <br />the sum of: <br />(a) The total amount that sit such other <br />insurance would pay for the loss in the <br />absence of this insurance; and <br />(b) The total of all deductible and self- <br />insured amounts under all that other <br />insurance. <br />(4) We will share the remaining loss, if any, <br />with any other Insurance that is not de- <br />scribed In this Excess Insurance provision <br />and was not bought specifically to apply In <br />excess of the Limits of Insurance shown in <br />the Declarations of this Coverage Part. <br />c, Method of Sharing <br />If all of the other insurance permits cor ibu- <br />ton by equal shares, we will follow this method <br />also, Under this approach each Insurer con- <br />tributes equal amounts until it has paid its ap- <br />plicable limit of insurance or none of the loss <br />remains, whichever comes first. <br />If any of the other insurance does not permit <br />contribution by equal shares, we will contribute <br />by limits. Under this method, each insurer's <br />share is based on the ratio of Its applicable <br />limit of insurance to the total applicable limits <br />of Insurance of all insurers, <br />S. premium Audit <br />a. We will compute all premiums for this Cover- <br />age Partin accordance with our rules and rates. <br />b. Premium shown In this Coverage Part as ad- <br />vance premium Is a deposit premium only. At <br />the close of each audit period we will compute <br />the earned premium for that period and send <br />notice to the first Named Insured. The due <br />date for audit and retrospective premiums is <br />the date shown as the due date on the bill. If <br />the sum of the advance and audit premiums <br />paid for the policy period Is greater than the <br />earned premium, we will return the excess to <br />the first Named Insured. <br />c. The first Named Insured must keep records of <br />the information we need for prernium compu- <br />tation, and send us copies at such Gores as we <br />may request. <br />6. Representations <br />By accepting this policy, you agree: <br />a. The statements in the Declarations are accu- <br />rate and complete; <br />It. Those statements are based upon reprosen- <br />tations you made to us; and <br />c. We have issued this policy in reliance upon <br />your representations. <br />66 00 01 12 07 <br />ITERIS, INC AGR# TBD <br />7. Separabvn Of Insureds <br />Except with respect to the Limits of Insurance, and <br />any rights or duties specifically assigned in this <br />Coverage Part to the first Named Insured, this in- <br />surance applies: <br />a. As If each Named Insured were the only <br />Named Insured; and <br />b. Separately to each Insured against whom <br />claim is made or "suit" is brought, <br />8. Transfer Of Rights Of Recovery Against Others <br />To Us <br />If the insured has rights to recover all or part of any <br />Payment we have made under this Coverage Part, <br />those rights are transfarred to us, The Insured <br />must do nothing after loss to impair them. At our <br />request, the Insured will bring "suit" or transfer <br />those rights to us and help us enforce them, <br />9. When We Do Not Renew <br />If we decide not to renew this Coverage Part, we <br />Will mail or deliver to the first Named Insured <br />shown in the Declarations written notice of the <br />nonrenewal not less than 30 days before the expi- <br />ration date. <br />If notice is mailed, proof of mailing will be sufficient <br />proof of notice. <br />SECTION V — DEFINITIONS <br />1. "Advertisement" means a notice that is broadcast <br />or published to the general public or specific mar- <br />ket segments about your goods, products or serv- <br />ices, for the purpose of attracting customers or <br />supporters. For the purposes of this definition: <br />a. Notices that are published include material <br />placed on the Internet or on similar electronic <br />means of communication; and <br />b. Regarding web -sites, only that part of a web- <br />site that is about your goods, products or <br />services for the purposes of attracting custom- <br />ers or supporters Is considered an advertise- <br />ment. <br />2. "Auto" means, <br />a. A land motor vehicle, trailer or semitrailer de- <br />signed for travel on public roads, including any <br />attached machinery or equipment; or <br />b. Any other land vehicle that is subject to a <br />compulsory or financial responsibility law or <br />other motor vehicle insurance law in the state <br />where it Is licensed or principally garaged. <br />However, "auto" does not include "mobile equip- <br />ment". <br />3. "Bodily injury" means bodily Injury, sickness or <br />disease sustained by a person, Irloluding death re- <br />sulting from any of these at any time. <br />4190 Properties, Inc, 2000 <br />REVIEWED BY: t' A. <br />Page 11 of 14 <br />EUNICE HEREDIA (PG 17 OF 17) <br />
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