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out of and in connection with City's and School District's use of the Gymnasium Facility. Any <br />public liability insurance and property damage insurance shall insure performance by each party of <br />the indemnity provisions of paragraph 14(e) above. All such insurance shall be for 100% of the <br />then actual replacement cost. <br />17. Release of Claims and Damages. City and School District release each other, and <br />their respective authorized representatives, from any claims for damage to any person or to the <br />premises and the buildings and other improvements on the premises that are caused by or result <br />from risks insured against under any insurance policy carried by the parties and in force at the <br />time of any such damage. All the insurance required pursuant to this Agreement shall contain an <br />endorsement requiring fifteen (15) days' written notice from the insurance company to both <br />parties before cancellation or change in the coverage, scope, or amount of any policy. Each <br />policy, or a certificate of the policy, together with evidence of payment or premiums, shall be <br />deposited with the other party at the commencement of the term; and on renewal of the policy not <br />less than fifteen (15) days before the expiration of the term of the policy. <br />18. Assignment. Each party agrees it shall not, without the other party's written <br />consent, assign its rights or delegate its duties pursuant to this Agreement. <br />19. Successors and Assigns. This Agreement shall bind the successors and assigns of <br />the parties hereto. <br />20. Previous Agreements. This Agreement supersedes and replaces all previous <br />agreements by and between City and School District as they may pertain to the construction or use <br />of the subject property. <br />21. Modifications. The terms and conditions of this Agreement may be modified or <br />changed only by written mutual consent of the parties. <br />-12- <br />