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7.1 .D. - Page 13 Developer under the terxns of this Agreement, including, but not limited to, the provisions of subsection(a)above. 18A In the event that Developer's insurance is cancelled, Developer shall provide replacement coverage or all work must cease as of the cancellation date until replacement insurance coverage is provided. 19. Warkers' Compensation Insurance. Developer shall provide, or cause to be provided, Warkers' Compensation insurance as required by law, and shall cause its contractors and their subcontractors, agents and representatives to also maintain Warkers' Compensation insurance as required by law. No Wark shall commence until such Warkers'Compensation insurance is obtained and in full force and effect. 20. Compliance with Laws. Developer shall comply with all federal, state and local laws, ordinances and regulations in the performance of this Agreement. Developer shall, at its own cost and expense,obtain all necessary permits and licenses far the Work, give all necessary notices,pay all fees and taxes required by law and make any and all deposits legally required by those public utilities that will serve the residential development on the Property. Copies and/or proof of payment of said perxnits, licenses, notices,fee and tax payments and deposits shall be furnished to the City Engineer upon request. 21. Encroachment Perxnits. Developer shall obtain, at its sole cost and expense, any encroachment permits required by City in order to perform the Wark. 22. Pavments. Developer agrees that it will pay, when due, all those furnishing labor or materials in connection with the Work. Developer further agrees that pursuant to Government Code section 66499.7(h), the Payment Security provided by Developer in accordance with Section 13.1 of this Agreement shall not be released if any mechanics liens or stop notices are outstanding,unless said liens are released by bond in compliance with Civil Code section 8424; provided however, at Developer's election the Payment Security may be reduced to an amount equal to the total claimed by all claimants for whom claims of lien has been recorded and notice given in writing to the City,and if no claims have been recorded, the Payment Security shall be released in full. 23. Notice of Breach and Default. The occurrence of any of the following constitutes a breach and default of this Agreement: (1) Developer refuses or fails to complete the Wark within the time set forth herein or abandons the Work. (2) Developer assigns the Agreement without the prior written consent of City,which shall not be unreasonably withheld. Any such assignment shall be in the form attached hereto as Exhibit E. (3) Developer is adjudged bankrupt or makes a general assignxnent far the benefit of creditors, or a receiver is appointed in the event of Developer's insolvency. (4) Developer or Developer's contractors, subcontractors, agents or employees,fail to comply with any terms or conditions of this Agreement. (5) Any delay in the construction of any partion of the Wark or repairs, which in the reasonable opinion of the City Engineer, endangers public or private property. ATN/AGR/2013.217/IMPROVEMENT AGR 601 MAIN ST REV: 11-12-13 VR Page 9 0£24