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I <br />I <br />I <br /> <br />.I <br /> <br /> City and pay such judgment with all costs and satisfy and <br /> discharge the same. <br /> C. City reserves the right to cooperate with Grantee and parti- <br /> <br /> cipate in the defense of any litigation either through in- <br /> tervention or otherwise. Grantee shall pay upon receipt of <br /> written demand from City, all expenses incurred by City in <br /> defending itself with regard to any matters in this section. <br /> These expenses shall include, but not be limited to, attor- <br /> neys' fees, and the reasonable value of services (as deter- <br /> mined by City) rendered by City or any employees, agents or <br /> representatives of City. <br /> <br />SECTION 3. INSURANCE <br /> <br />A. Grantee shall maintain liability insurance covering its ob- <br /> ligations of indemnification provided for in or as a result <br /> of the exercise of this Franchise covering both the City and <br /> Grantee and shall maintain said insurance during the entire <br /> term of this Franchise in the minimum amount of: <br /> <br /> (1) $500,000 for property damage to any one person; <br /> <br /> (2) $2,000,000 for property damage in any one act or oc- <br /> currence; <br /> <br /> (3}$1,000,000 for personal injury to any one person; and <br /> <br /> (4) $2,000,000 for personal injury in any one act or oc- <br /> <br /> currence. <br /> <br />B. Such insurance shall be with a company acceptable to City <br /> and shall otherwise be in form and substance acceptable to <br /> City. Such insurance policy with written evidence of pay- <br /> ment of required premiums shall be filed and maintained with <br /> <br />57 <br /> <br /> <br />