ORD 1829 - Laserfiche WebLink

(3) The policy of Workers' Compensation Insurance shall comply with the laws of the State of California. (4) The policy of property insurance shall provide fire insurance with extended coverage on the Cable System property used by Grantee in the conduct of Cable System operations in an amount adequate to enable Grantee to resume Cable System operations following the occurrence of any dsk covered by this insurance. The Certificates of Insurance shall indicate the following information: (a) The policy number; (b) The date upon which the policy will become effective and the date upon which it will expire; (c) The names of the primary insureds and any additional insured required by the Franchise Agreement; (d) The subject of the insurance; (e) The type of coverage provided by the insurance; and (f) The amount or limit of coverage provided by the insurance. If the Certificates of Insurance do not provide all of the above information, Grantor reserves the right to inspect the relevant insurance policies. (5) The commencement of Franchise operations shall not begin until Grantee has complied with the aforementioned provisions of this Section. (6) In the event Grantee fails to maintain any of the above-described policies in full force and effect, Grantor shall, upon three (3) business days notice to Grantee, have the dght to procure the required insurance and recover the cost thereof from Grantee. Grantor shall also have the right to suspend the Franchise dudng any pedod that Grantee fails to maintain said policies in full force and effect. In order to account for increases in consumer pdces, no more than once during any five (5) year pedod, Grantor shall have the dght to order Grantee to increase the amounts of the insurance provided in the Franchise Agreement. Such order may be made by Grantor after conducting a duly noticed public hearing. Increases in insurance coverage shall be 31