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10-25-12 Packet
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10. In the event that a Claim is made or filed against Ivy Tower to which this <br />Agreement applies, Ivy Tower will cooperate with the City, in good faith, in the conduct <br />of any proceedings in response to such Claim. <br />11. in the event that a Claim is made or filed against Ivy Tower to which this <br />Agreement applies, the City will have exclusive control over the selection of counsel for <br />the defense of Ivy Tower, and exclusive control over strategic decisions affecting the <br />defense or settlement of such Claim. Accordingly, Ivy Tower will not stipulate to <br />judgment or enter into a settlement of such Claim without the prior written approval of <br />the City, nor will Ivy Tower take any action in response to such Claim that might result in <br />increasing or exacerbating the liability for which the City has agreed to indemnify under <br />this Agreement. <br />12. In the event that the City fails to promptly undertake the defense following <br />receipt of notice of any such claim or action, then Ivy Tower may retain counsel of its <br />choice to defend such a Claim, and the City will promptly reimburse Ivy Tower for all <br />reasonable attorney's fees, costs and expenses (including expert witness and consultant <br />fees incurred in the defense of such claim or action). In the event Ivy Tower undertakes <br />the defense of a Claim as provided herein, the City shall thereafter retain the right to <br />assume such defense at any time, with legal counsel of its choosing. <br />13. In the event that a Claim is made or filed against Ivy Tower to which this <br />Agreement applies, the City will retain the right to settle any such Claim or to withdraw <br />the City's action against the Person. which action resulted in the Claim being filed <br />against Ivy Tower. <br />14. In consideration for the indemnification and defense provided under this <br />Agreement, Seller agrees to provide the City, with reasonable access to any and all <br />insurance policies or information concerning such policies in its possession or control <br />that Seller may have or own, or may have ever had or owned, that might respond to <br />environmental liability Claims at the Property (collectively, the "Insurance Policies`), <br />including but not limited to: any third -party liability or first -party property damage <br />policies of any kind ever issued to Seller, its subsidiaries, divisions, shareholders, <br />members, officers, directors, attorneys, agents, employees, spouses, relatives, heirs, <br />successors and assigns, and any of their respective affiliates, past, present and future, that <br />in any way relate to Seller; any evidence or information in the possession or control of <br />Seller concerning the payment of premiums on such policies; any evidence or <br />information in the possession or control of Seller concerning any broker or agent through <br />which such policies may have been obtained. In this regard, within 5 business days after <br />the execution of this Agreement, or such other time as Seller and the City may agree, <br />representatives of the City will meet with representatives of Seller, at Seller's office in <br />South Bend, to review the Insurance Policies. Ivy Tower also agrees that where <br />necessary, and as the City may decide. that Seller will assign to the City Seller's right to <br />bring environmental liability property claims under the Insurance Policies to the extent <br />permitted by law and allowed by the policies. Ivy Tower will cooperate with the City, in <br />good faith, in the conduct of any action that the City may take against such insurers. <br />5 <br />
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