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4.8. SR 04-03-2017
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4.8. SR 04-03-2017
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<br />THE INDEMNIFICATION OBLIGATION ASSUMED BY CONTRACTOR INCLUDES ANY <br />CLAIMS, SUITS OR JUDGMENTS BROUGHT AGAINST RAILWAY UNDER THE FEDERAL <br />EMPLOYEE'S LIABILITY ACT, INCLUDING CLAIMS FOR STRICT LIABILITY UNDER THE <br />SAFETY APPLIANCE ACT OR THE LOCOMOTIVE INSPECTION ACT, WHENEVER SO <br />CLAIMED. <br /> <br />Contractor further agrees, at its expense, in the name and on behalf of Railway, that it will <br />adjust and settle all claims made against Railway, and will, at Railway's discretion, appear and <br />defend any suits or actions of law or in equity brought against Railway on any claim or cause <br />of action arising or growing out of or in any manner connected with any liability ass umed by <br />Contractor under this Agreement for which Railway is liable or is alleged to be liable. Railway <br />will give notice to Contractor, in writing, of the receipt or dependency of such claims and <br />thereupon Contractor must proceed to adjust and handle to a conclusion such claims, and in <br />the event of a suit being brought against Railway, Railway may forward summons and <br />complaint or other process in connection therewith to Contractor, and Contractor, at Railway's <br />discretion, must defend, adjust, or settle such suits and protect, indemnify, and save harmless <br />Railway from and against all damages, judgments, decrees, attorney's fees, costs, and <br />expenses growing out of or resulting from or incident to any such claims or suits. <br /> <br />In addition to any other provision of this Agreement, in the event that all or any portion of this <br />Article shall be deemed to be inapplicable for any reason, including without limitation as a <br />result of a decision of an applicable court, legislative enactment or regulatory order, the parties <br />agree that this Article shall be interpreted as requiring Contractor to indemnify Railway to the <br />fullest extent permitted by applicable law. THROUGH THIS AGREEMENT THE PARTIES <br />EXPRESSLY INTEND FOR CONTRACTOR TO INDEMNIFY RAILWAY FOR RAILWAY’S <br />ACTS OF NEGLIGENCE. <br /> <br />It is mutually understood and agreed that the assumption of liabilities and indemnification <br />provided for in this Agreement survive any termination of this Agreement. <br /> <br /> <br />2) TERM <br />This Agreement is effective from the date of the Agreement until (i) the completion of the <br />project set forth herein, and (ii) full and complete payment to Railway of any and all sums or <br />other amounts owing and due hereunder. <br /> <br /> <br />3) INSURANCE <br />Contractor shall, at its sole cost and expense, procure and maintain during the life of this <br />Agreement the following insurance coverage: <br /> <br />A. Commercial General Liability insurance. This insurance shall contain broad form <br />contractual liability with a combined single limit of a minimum of $2,000,000 each <br />occurrence and an aggregate limit of at least $4,000,000 but in no event less than the <br />amount otherwise carried by the Contractor. Coverage must be purchased on a post
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