(A) Grantee shall indemnify and save the village free and harmless from any and all liability, loss, cost, damage, or expense from accident or damage, either to itself or to persons or property of others, which may occur by reason of the exercise of the rights and privileges herein granted; and shall, for the purpose of carrying out the provisions of this section and prior to commencing construction of any kind, have in full force and effect, and file evidence thereof with the Mayor, a good and sufficient policy (or policies) covering bodily injury with the limits of $300,000 personal injury for each person; $1,000,000 personal injury for each accident and property damage with limits of $50,000 for each accident and $100,000 aggregate, with said policy (or policies) to be executed by an insurance company (or companies) authorized and qualified to do business in the state and conditioned to indemnify and save harmless the village from and against any and all claims, actions, suits, liability, loss, cost, or be suffered by the village or by anyone by reason of the erection, construction, relocation, replacing, readjustment, repair, maintenance, or operation of the coaxial cable and appurtenances thereto, or by reason of anything that has been done by the grantee thereunder which may, in any way, cause liability by reason thereof.
(B) The grantee shall pay, and, by its acceptance of this franchise, specifically agrees that it will pay, all expenses incurred by the grantor in defending itself with regard to all damages and penalties mentioned in division (A) above. These expenses shall include all out-of-pocket expenses, such as attorney’s fees, and shall also include the reasonable value of any services rendered by the grantor’s attorney, or his or her assistants, or of any employees of the grantor.
(Prior Code, § 10-1-11) Penalty, see § 114.99