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<br />ARTICLE VII <br /> <br />DEVELOPER COVENANTS <br /> <br />Section 7.1 Insurance. The Developer will provide and'maintain or cause to be <br />maintained at all times 'and, from time to time at the request of the City,. furnish the City with <br />proof of payinent of premiums on insurance of amounts and coverages normally held by <br />businesses engaged in .activities similar to those of the Developer. <br /> <br />Section 7.2 Maintenance and Operation of the Development. The Developer will <br />at all times during the term of this Agreement operate and maintain the Development in a safe <br />and secure way and in compliance with. this Agreeri1en~ and all federal, State and local laws, <br />regulati6ns,.ruling~ and ordinances applicable thereto. Developer shall pay all of the reasonable <br />and necessl;1I)' expenses of the operation and maintenance of the Development, including all <br />premiums for insurance insuring against loss or damage thereto and adequate insurance against <br />liability for injury to persons or property arising from the Development as required pursuant to <br />this Agreement. Developer shall not knowingly cause any person working in or attending the <br />Development for any purpose; or any owner of a housing unit, to be exposed to any hazardous or <br />unsafe condition; provided that Developer shall not be in def?-ult hereunder if it has required the <br />contractors. employed by Developer to perform work on the Development to take such <br />precautions as may be available to protect the persons in and around the Development from <br />'hazards arising from the work, and has further' required each such contractor to obtain and <br />maintairi liability insurance protecting against liability to persons for injury arising from the <br />work. The expenses of operation and maintenance of the Development shall be borne solely by <br />Developer. The foregoing 'provisions shall apply to ~e Developer for only so long as the <br />Developer or an Affiliate is the owner of the Development and only as to such portions of the <br />Development which the Developer or an Affiliate owns. <br /> <br />1674205v9 <br /> <br />37 <br />