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AUTOMOBILE LIABILITY <br />Bodily Injury - $500,000 Per Person/$1,000,000 Per <br />Occurrence <br />Property Damage - $100,000 Per Occurrence <br />or <br />Combined Single Limit on Bodily Injury and Property <br />Damage Liability - $1,000,000 <br />c. Provide an endorsement precluding cancellation <br />or reduction in coverage before the expiration of <br />fifteen (15) days after City shall have received written <br />notification by Registered mail from the insurance <br />carrier(s). <br />In the event of the breach of any provision of this <br />paragraph 5, or in the event of any notices received which <br />indicate any required insurance coverage will be diminished <br />or cancelled, City at its option may, notwithstanding any <br />other provision of this agreement to the contrary, <br />immediately declare a material breach of this agreement, <br />notify the Developer that there has been a material breach, <br />and suspend or terminate all further work pursuant to this <br />agreement; provided, however, that Developer shall be given <br />an opportunity to cure the breach within 72 hours after City <br />has given notice of the breach to Developer as provided in <br />paragraph 8. <br />6. INDEMNITY. The Developer hereby agrees to, and <br />shall hold the City, its elective and appointive Boards, <br />Commissions, officers, agents, and employees, harmless from <br />any liability for damage or claims for property damage and <br />bodily injury which may arise form the Developer's, its <br />subcontractors', agents', or employees' operation under this <br />Agreement, whether such operations be by the Developer or any <br />of Developer's subcontractors, or by any one or more of <br />Developer's subcontractors. The Developer agrees to, and <br />shall, defend the City and its elective and appointive <br />Boards, Commissions, officers, agents and employees from any <br />suits or actions for damages caused, or alleged to have been <br />caused, by reason of any of the aforesaid operations. In <br />addition to the above: <br />a. That City does not, and shall not, waive any <br />rights against the Developer which it may have by reason <br />of the aforesaid hold harmless agreement, because of the <br />acceptance by the City, or the deposit with the City by <br />the Developer, of any of the insurance policies <br />described herein. <br />b. That the aforesaid hold harmless agreement by <br />the Developer shall apply to all damages and claims for <br />damages of every kind suffered or alleged to have been <br />suffered, by reason of any of the aforesaid operations <br />referred to in this paragraph, regardless of whether or <br />-3- <br />