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<br />DES:djk 08/07/96 <br /> <br />(027/70) <br /> <br />done by Owner, with respect to the Improvements. <br /> <br />The amoun t 0 f <br /> <br />said security shall be Four Million Five Hundred Fifty Thouand <br /> <br />and No/IOO Dollars <br /> <br />($4,550,000.00) . <br /> <br />The aforementioned security <br /> <br />shall include, in addition to the principal amounts, a guarantee <br /> <br />of <br /> <br />the <br /> <br />payment <br /> <br />of <br /> <br />costs <br /> <br />and <br /> <br />reasonable <br /> <br />expenses <br /> <br />and <br /> <br />fees, <br /> <br />including <br /> <br />reasonable <br /> <br />attorneys <br /> <br />fees, <br /> <br />incurred <br /> <br />by <br /> <br />City <br /> <br />in <br /> <br />the <br /> <br />event of successful enforcement of such security. <br /> <br />3. <br /> <br />HOLD <br /> <br />HARMLESS. <br /> <br />Owner <br /> <br />shall <br /> <br />protect, <br /> <br />indemnify, <br /> <br />and <br /> <br />hold <br /> <br />harmless <br /> <br />the <br /> <br />City, <br /> <br />its <br /> <br />Council, <br /> <br />boards, <br /> <br />commissions, <br /> <br />officers, <br /> <br />agents, <br /> <br />and employees, <br /> <br />from and against any and all <br /> <br />(D <br />en <br /> <br />liability, losses, damages, claims, causes of action, or actions <br /> <br />arising <br /> <br />out <br /> <br />of <br /> <br />any <br /> <br />accident, <br /> <br />occurrence <br /> <br />or <br /> <br />incident <br /> <br />resulting <br /> <br />N <br />W <br />CJl <br />(,.) <br />en <br /> <br />from, or alleged to have resulted from the construction of any of <br /> <br />the <br /> <br />Improvements <br /> <br />by <br /> <br />Owner, <br /> <br />the <br /> <br />negligent <br /> <br />performance <br /> <br />of <br /> <br />any <br /> <br />contractual responsibility of Owner, or any negligent action of <br /> <br />Owner undertaken by Owner as a result of, or in the furtherance <br /> <br />of, <br /> <br />such construction or other responsibility of Owner. <br /> <br />Owner <br /> <br />shall also protect, indemnify and hold harmless the above parties <br /> <br />for any liability <br /> <br />from and against claims <br /> <br />and <br /> <br />liability based <br /> <br />upon the use of any patent or patented article by Owner in the <br /> <br />construction <br /> <br />of <br /> <br />said <br /> <br />work <br /> <br />or <br /> <br />Improvements. <br /> <br />Owner's <br /> <br />duty <br /> <br />to <br /> <br />defend <br /> <br />and <br /> <br />hold <br /> <br />harmless <br /> <br />shall <br /> <br />include <br /> <br />the <br /> <br />responsibility <br /> <br />to <br /> <br />provide <br /> <br />legal <br /> <br />representation, <br /> <br />the <br /> <br />selection <br /> <br />of <br /> <br />whom <br /> <br />shall <br /> <br />be <br /> <br />subject to City's approval. <br /> <br />4. <br /> <br />INSURANCE. <br /> <br />Owner <br /> <br />shall, <br /> <br />before <br /> <br />the <br /> <br />release <br /> <br />of <br /> <br />said <br /> <br />final map by City for recordation, <br /> <br />obtain and maintain in full <br /> <br />force and effect during the term of this agreement, <br /> <br />at Owner's <br /> <br />own expense and risk, a general comprehensive liability insurance <br /> <br />4 <br />