2003-02-12 CC Packet - Laserfiche WebLink

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Mobile Equipment Liability $1,000,000 CSL All liability policies evidencing insurance required by this paragraph must name City and the Contractor as named insureds with the exception of the Workers' Compensation Policy. They should be with companies doing business in the State of Minnesota and acceptable to the City such that the policies must be approved by the City Attorney and filed with the City Manager. A Certificate of Insurance showing the Contractor has in effect the required insurance must be filed with the City before the date of this contract is to be effective and must not be allowed to lapse. VI. NONDISCRIMINATION. Minnesota Statutes, Section 181.59 is adopted by reference. 7____ VII. - - - ~ - - - - - - - - - - - - - - - - - - - - - ~ - - - - - - - ~ - - - - - - - - -- TRANSFER. ASSIGNMENT. AND LIENS. A Transfer or Sale. The Contractor may not sell, or assign all or part of this Contract without the City's prior written approval. The City may require as conditions to any such approval that: 1. Any proposed transferee must have the qualifications and financial responsibility, as reasonably determined by the City, necessary and adequate to fulfill the obligations undertaken in this Contract by Contractor; and 2. Any proposed transferee, by instrument in writing satisfactory to the City for itself and their successors and assigns, and expressly for the benefit of the City, have expressly assumed all of the obligations of service under this Contract and agreed to be subject to all the conditions and restrictions to which service is subject. It is the intent ofthis Section, together with other provisions of this Contract, that (to the fullest extent permitted by law and equity and excepting only in the manner and to the extent specifically provided otherwise in this Contract) no transfer of, or change with respect to, ownership or any part thereof, or any interest therein, however, consummated or occurring, whether vohmtary or involuntary, will operate, legally or practically, to deprive or limit the City of or with respect to any rights or remedies or controls provided in or resulting from this Contract; and 3. The Contractor and assignee must submit to the City for review all instruments and other legal documents involved in effecting such transfer, and the City's approval must be indicated to the Contractor in writing. The proposed transferee must submit to the City for review all bonds, insurance policies, and any and all other documents required by this Contract, and the City's approval must be indicated to the proposed transferee in writing. B. Payment of Subcontractor and Employees. The Contractor agrees to promptly pay all -12- t Deleted: 11