d. Contract approval
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d. Contract approval
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<br />4. INSURANCE AND INDEMNIFICATION <br /> <br />A. INDEMNIFICATION: <br />The Lessee agrees to indemnify and hold Lessor, and the City of Fargo harmless <br />from and against any and all claims, demands or causes of action arising (1) as a <br />result of utilization of the leased premises by the Lessee, or (2) during the term of <br />this lease; provided that Lessee's duty to indemnify and hold the Lessor harmless <br />shall not apply if the claim, demand or cause of action results from the sole <br />negligence of the Lessor, Lessee's obligation to indemnify and hold Lessor <br />harmless shall include all costs, legal fees, or expenses which Lessor may incur in <br />providing a legal defense to such claims or causes of action <br /> <br />Lessee agrees to pay for any and all damages to the Fargo Civic if such loss or <br />damage is the result of the Event. <br /> <br />B. INSURANCE: <br />Lessee shall provide at its own cost and expense, a Comprehensive Public Liability <br />and Property Damage Insurance policy, <br /> <br />A Certificate of Insurance shall be provided to the Lessor a minimum of seven (7) <br />working days from the starting date of this Event. <br /> <br />The insurance must be written by an insurance company licensed to do business in <br />the State of North Dakota and have an A.M, Best rating of A+ or higher. <br /> <br />If the Lessee fails to provide the aforementioned evidence of insurance by the started <br />date, the Lessor shall have the right to either obtain the required insurance with the <br />premium to be paid by the Lessee or to cancel the Event. <br /> <br />Lessee shall name the Lessor, the City of Fargo, the Fargo Civic Auditorium <br />Director as additional insured. <br /> <br />(i) Such insurance shall be provided by a comprehensive general liability <br />insurance form of policy including the broad form liability extended <br />coverages, with a combined single limit of at least $500,000 for each <br />occurrence, <br /> <br />(ii) Lessee shall also provide necessary Workers Compensation insurance for <br />Lessee's employees, <br /> <br />5 <br /> <br />05/03/96 <br />
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