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20 <br />insurance policy covering property in which the City holds an interest, which shall include <br />the Premises. In addition, the City is a municipal corporation that is self-insured under <br />provisions of Indiana statutes and local ordinance. Specifically, the City of South Bend is <br />covered by a non-reverting insurance premium and liability reserve fund created by the City <br />of South Bend, Ordinance § 6657-79, pursuant to Indiana Code 34-13-3-4, as amended from <br />time to time. The City's liability limits, subject to change by Indiana statute, are as follows: <br />•$700,000.00 for bodily injury, including death for any one (1) person in any one (1) <br />occurrence; <br />•$5,000,000.00 for such injuries for all persons for any one (1) occurrence; <br />•$1, 000,000.00 property damage insurance, or a combined single limit in the amount of <br />$6,000,000.00. <br />23.WAIYER OF SUBROGATION. <br />Each party hereby waives all claims for recovery from the other party for any loss or <br />damage to any of its property insured under valid and collectible insurance policies to the <br />extent of any recovery collectible under such Insurance, subject to the limitation that this <br />waiver shall apply when permitted by the applicable policy of Insurance. <br />24.INDEMNIFY AND HOLD HARMLESS. <br />Tenant agrees to indemnify Landlord for, and hold Landlord harmless from and against all <br />fines, suits, claims, demands, liabilities and actions (including reasonable costs and expenses <br />of defending against such claims) resulting or alleged to result from any breach, violation or <br />non-performance of any covenant or condition hereof, or from the use of occupancy of the <br />Leased Premises, by Tenant or Tenant's agents, employees, licensees, or invitees, for any <br />damage to person or property resulting from any act or omission or negligence of any co- <br />tenant, visitor or other occupant of the Leased Premises except as Landlord' s own negligence