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new insurance certificates and endorsements evidencing compliance with such adjustments. <br /> Notwithstanding the foregoing, for so long as MUFG Union Bank N.A. has in place an <br /> outstanding construction or permanent loan secured by the Project, the City's insurance <br /> requirements shall be deemed to be satisfied if the liability policy limits conform to the <br /> requirements of the Bank. <br /> (1) Additional Insured. For all liability insurance required by this Agreement, Owner <br /> (and Owner's contractors, as applicable) shall obtain endorsements that name the Indemnitees as <br /> additional insured in the full amount of all applicable policies, notwithstanding any lesser <br /> minimum limits specified in this Agreement. This Agreement requires Owner(and Owner's <br /> contractors)to obtain and provide for the benefit of the Indemnitees, additional insured coverage <br /> in the same amount of insurance carried by Owner(or Owner's contractors, as applicable), but in <br /> no event less than the minimum amounts specified in this Agreement. In the event that Owner <br /> (or Owner's contractors as applicable) obtain insurance policies that provide liability coverage in <br /> excess of the amounts specified in this Agreement, the actual limits provided by such policies <br /> shall be deemed to be the amounts required under this Agreement. Without limiting the <br /> foregoing, the limits of liability coverage specified in this Agreement are not intended, nor shall <br /> they operate,to limit City's ability to recover amounts in excess of such minimum amounts. <br /> OAK #4832-3506-8205 v4 34 <br />