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which would result as the repayment of principal and/or interest under the <br />Loan. <br />18.3 Reimbursement of City. Developer shall reimburse City immediately <br />upon written demand for all costs reasonably incurred by City (including the reasonable <br />fees and expenses of attorneys, accountants, appraisers and other consultants, whether the <br />same are independent contractors or employees of City) in connection with the <br />enforcement of the Loan Documents and all related matters including all claims, <br />demands, causes of action, liabilities, losses, commissions and other costs against which <br />City is indemnified under the Loan Documents. Such reimbursement obligations shall <br />bear interest from the date occurring twenty (20) days after City gives written demand to <br />Developer and shall be secured by the City Deed of Trust. Such reimbursement <br />obligations shall survive the cancellation of the Loan Note, release and reconveyance of <br />the City Deed of Trust, issuance of a Certificate of Completion, and termination of this <br />Agreement <br />19. INSURANCE, CASUALTY AND CONDEMNATION <br />19.1 Policies Required. While any obligation of Developer under the Loan <br />Documents remains outstanding, Developer shall maintain at Developer's sole expense, <br />with insurers either (i) admitted in California or (ii) are not admitted to California but <br />have an A.M. Best Rating of "A" or above and reasonably approved by the City, the <br />following policies of insurance in form and substance reasonably satisfactory to the City <br />Attorney: <br />(a) worker's compensation insurance and any other insurance <br />required by law in connection with the rehabilitation; <br />(b) prior to commencement and following completion of the <br />rehabilitation, fire and hazard "all risk" insurance covering 100% of the replacement cost <br />of the Improvements in the event of fire, lightning, windstorm, vandalism, malicious <br />mischief and all other risks normally covered by "all risk" coverage policies in the area <br />where the Property is located (including loss by flood if the Property is in an area <br />designated as subject to the danger of flood); <br />(c) upon commencement of the rehabilitation and at all <br />times prior to completion of the rehabilitation, builder's risk -all risk insurance covering <br />100% of the replacement cost of all Improvements (including offsite materials) during the <br />course of construction in the event of fire, lightning, windstorm, vandalism, earthquake, <br />malicious mischief and all other risks normally covered by "all risk" coverage policies in <br />the area where the Property is located (including loss by flood if the Property is in an area <br />designated as subject to the danger of flood); <br />(d) public liability insurance in amounts reasonably required <br />by City from time to time, and in no event less than $1,000,000 for "single occurrence;" <br />(e) property damage insurance in amounts reasonably <br />required by City from time to time, and in no event less than $1,000,000; and <br />34 <br />