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(c) Grantor does not, and shall not, waive any rights against <br />Grantee which it may have by reason of this indemnification, because of the <br />acceptance by Grantor, or the deposit with Grantor by Grantee, of any of the <br />insurance policies described in this Section. <br />(d) This indemnification by Grantee shall apply to all damages <br />and claims for damages of any kind suffered by reason of any of the aforesaid <br />operations referred to in this Section, regardless of whether or not such <br />insurance policies shall have been determined to be applicable to any of such <br />damages or claims for damages. <br />(e) Grantee shall not be required to indemnify Grantor for <br />negligence or misconduct on the part of Grantor or its officials, boards, <br />commissions, agents, or employees (hereinafter "such acts"). Grantor shall hold <br />Grantee harmless from any damage resulting from any such acts of the Grantor <br />or its officials, boards, commissions, agents or employees including, without <br />limitation, in utilizing any Emergency Alert System features, or any Governmental <br />or Educational Access Channels, equipment, or facilities and for any such acts <br />committed by Grantor in connection with work performed by Grantor and <br />permitted by this Agreement, on or adjacent to the Cable System. <br />2.6 Security Fund <br />(a) In accordance with Section 9.3 of Ordinance No. 1829, <br />within sixty (60) days of the effective date of this Agreement, Grantee shall <br />establish and provide to Grantor a security fund, as security for the faithful <br />performance by Grantee of all material provisions of this Agreement. The <br />security fund shall be in the form of a letter of credit in the amount of at least Fifty <br />Thousand Dollars ($50,000), which is revocable at the term of the expiration of <br />a <br />