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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 #4821-6084-0273 v5 31 <br />