2000 037 Ordinance - Laserfiche WebLink

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Cablevision/Mayfield Village Franchise Agreement 2000 Page No. -9- (4) Grantor and its elected officials, officers, employees and agents shall be named as additional insureds on the policy. Notwithstanding the naming of additional insureds, the insurance shall protect each insured in the same manner as though a separate policy had been issued to each, but nothing therein shall operate to increase the insurer's liability as set forth elsewhere in the policy beyond the amount or amounts for which the insurer would have been liability if only one person or interest had been named as irisured. The coverage must apply as to claims between insureds on the policy. (5) Standard form of cross-liability shall be afforded. (6) An endorsement shall be provided which states that the policy shall not be canceled or materially altered so as to be out of compliance with the requirements of this Section, without thirty (30) days.written notice of such cancellation or alteration being given to Grantor and Grantee. (b) If the insurance is canceled or materially altered so as to be out of compliance with the requirements of this Section within the term of the Franchise, Grantee shall provide a replacement policy. Grantee agrees to rriaintain continuous uninterrupted insurance coverage, in the amounts required, for the duration of the Franchise. (c) Grantor reserves the right to adjust the coverage limit requirements upward in the event the. statutory maximums applicable to local governments are~raised during the term of this Franchise. ~~ (d) Any deductible or self-insured retention must be declared to and. approved by Grantor. (e) Grantee shall maintain on file with Grantor a certificate of insurance, including any limitations and/or endorsements. Said certificate shall be subject to the approval of Grantor as to the adequacy of the certificate and of the insurance certified under the requirements of this Section. (f1 Failure of Grantee to maintain adequate insurance as required under this Section shall be cause for immediate termination of this Franchise by Grantor. (g) Nothing herein shall be in any way construed as a waiver on behalf of Grantor of any of the protections or provisions of the Ohio Governmental Immunity Act, and Grantee shall ensure that in naming Grantor as an additional insured under this Section, all insurance policies or agreements shall specifically contain anon-waiver provision, and shall not impair said protection and provisions.- Section 14. Indemnification. M & M 1999 Page 9 of 28