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6B(2)
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12-22-14 Redevelopment Commission Meeting
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6B(2)
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when the Company receives fee simple title to the Project Parcel pursuant to the MOU. The <br /> failure of City to provide the Right of Entry or the failure of City to provide such cooperation shall <br /> constitute a default of this Agreement. <br /> 2. The Company agrees to indemnify and hold City, its employees, agents, and <br /> contractors harmless from and against all cost, loss, caim, liability, damage or expense(including <br /> reasonable attorneys' fees, disbursements and court costs) arising out of any a) loss of life or <br /> personal injury or property loss or damage whatsoever which results from the undertakings of its <br /> agents, contractors or subcontractors in performing any work upon the Project Parcel or as a result <br /> of its access of the Park Parcel prior to the termination of this Agreement. The indemnity provided <br /> herein shall not apply in the event that injury or loss is caused by the negligent or intentional <br /> conduct of City, its employees, agents and contractors. <br /> 3. The Company, upon execution of this Agreement and prior to exercising its Right <br /> of Entry, shall provide to City a certificate or certificates of insurance specifying worker's <br /> compensation and employer's liability insurance in satisfaction of Indiana state requirements and <br /> commercial general liability insurance with a dollar limitation of coverage not less than a <br /> combined single limit of $1,000,000.00 per any one occurrence and Five Million Dollars <br /> ($5,000,000)for injury to or death of all persons in that occurrence for all loss,damage,cost and expense <br /> arising out of bodily injury liability and property damage liability relating to the Company's Right <br /> of Entry and discharge of its agreements and responsibilities upon the Project Parcel or the Park <br /> Parcel pursuant to the terms of this Agreement. Such insurance shall remain in force until <br /> termination of Company's Right of Entry and shall name City as an additional insured. <br /> 1 <br /> 4. All disputes and matters in question between the Parties with respect to any <br /> provision of this Agreement shall be decided and settled by mutual agreement of the Parties <br /> 1 concerned or by any court of competent jurisdiction. If any Party refuses to comply with, or at <br /> any time violates or attempts to violate, any term, covenant or agreement contained in this <br /> Agreement, any other Party hereto may, by injunctive action, in addition to any other right at law <br /> or in equity, compel the defaulting Party to comply with, or refrain from violating, such term, <br /> covenant or agreement, and may, by injunctive action, compel specific performance of the <br /> obligations of the defaulting Party. In the event of any such litigation, the non-defaulting <br /> prevailing Party, as determined by the court, shall pay the fees and expenses, including attorneys' <br /> fees and court costs, of the prevailing Party. <br /> 5. This Agreement shall be construed in accordance with and governed by laws of the <br /> 1 State of Indiana. Any suit, action or proceeding arising out of, or with respect to, this Agreement <br /> or any judgment entered by any court in respect thereof shall be brought exclusively in the St. <br /> Joseph County, Indiana Circuit or Superior Court and the Parties hereto accept the exclusive <br /> jurisdiction of those courts for the purpose of any suit,action or proceeding. This Agreement shall <br /> not be assignable by any Party without the prior written consent of the other Parties. This <br /> Agreement contains the entire agreement among the Parties with regard to the subject matter hereof <br /> except as otherwise set forth in the MOU. Time is of the essence in discharging the responsibilities <br /> and obligations of the Parties hereunder and this Agreement may only be amended or modified by <br /> the prior written consent of all the Parties hereto. <br />{ <br /> 2 <br /> US.54748956.01 <br />
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