(A) It shall be expressly understood and agreed by and between the city and any Grantee hereunder that the Grantee shall save the city and its agents and employees harmless from and against all claims, damages, losses, and expenses, including attorney's fees, sustained by the city on account of any suit, judgment, execution, claim, or demand whatsoever arising out of but not limited to copyright infringements and all other damages arising out of the installation, operation, or maintenance of the cable system authorized herein, whether or not any act or omission complained of is authorized, allowed, or prohibited by this subchapter and any franchise granted hereunder.
(B) The Grantee shall maintain and by its acceptance of the franchise specifically agrees that it will maintain throughout the terms of the franchise, liability insurance insuring the city and the Grantee in the minimum amount of $5,000,000.
(C) The insurance policy obtained by the Grantee in compliance with this section must be approved by the City Attorney, and the insurance policy, along with written evidence of payment of required premiums, shall be filed and maintained with the City Clerk during the term of the franchise. The Grantee shall immediately advise the City Attorney of any litigation that may develop that would affect this insurance.
(D) Neither the provisions of this section nor any damages recovered by the city thereunder shall be construed to or limit the liability of the Grantee under any franchise issued hereunder or for damages.
(E) All insurance policies maintained pursuant to this chapter shall contain the following endorsement.
It is hereby understood and agreed that this insurance policy may not be canceled by the surety, nor the intention not to renew be stated by the surety until 60 days after receipt by the city, by registered mail, of written notice of intention to cancel or not to renew.
(F) The preceding are minimum requirements and the insurance and indemnity terms of a franchise agreement with a Grantee shall control to the extent they are stricter or more detailed than the preceding.
(‘83 Code, § 123.12) (Ord. 82-036, passed 6-21-82; Am. Ord. 96-003, passed 4-1-96) Penalty, see § 121.99