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<br />required by this paragraph shall name the City and the Contractor as named <br />insureds, and shall insure the City and the Contractor by reasons of any act or <br />omission, including negligence, of the Contractor or of the Contractor's employees <br />or agents in connection with the performance of this Agreement, including claims <br />arising out of the use of or operation of any vehicles used by the Contractor or the <br />Contractor's employees or agents in performing this Agreement. Such policies <br />shall be in form and content satisfactory to the City Attorney and shall be filed with <br />the City Clerk. A certificate showing that the Contractor has in effect the aforesaid <br />insurance covering both the Contractor and the City shall be filed with the City <br />Clerk within ten (10) days from the execution of the Agreement, and yearly <br />thereafter, at least thirty (30) days prior to the date of the expiration of said policies <br />of insurance for each year of the Agreement. All of the foregoing policies shall be <br />issued by an insurance company or companies licensed to do business in the State <br />of Minnesota and authorized to assume the risks covered thereby. Memorandum <br />policies and receipts for the payment of premiums shall be filed with the City <br />showing payment of premiums for at least one year in advance and on each renewal <br />date provided therein. <br /> <br />D. Performance Guarantee <br /> <br />Contractor's Bond in the amount $1,917.50 shall be kept in full force and effect <br />throughout the term ofthis Agreement to guarantee Contractor's Performance <br />under this Agreement. <br /> <br />E. Indemnification <br /> <br />The Contractor agrees to indemnify and hold harmless the City, its agents, officers, <br />and employees from any and all claims, causes of action, liabilities, losses, <br />damages, costs, expenses including reasonable attorneys' fees, suits, demands, and <br />judgments of any nature, because of bodily injury to, or death of, any person or <br />persons and/or because of damages to property of the Contractor or others, <br />including loss of use from any cause whatsoever, which may be asserted against the <br />City on account of any act or omission, including negligence, of the Contractor, or <br />the Contractor's employees or agents in connection with the Contractor's <br />performance of this Agreement. The Contractor agrees to defend any action <br />brought against the City on any such matters, and to pay and satisfy any judgment <br />entered theron together with all costs and expenses incurred in connection <br />therewith. The City shall in no way be liable for any claims or charges incurred by <br />the Contractor in the performance of this Agreement. <br /> <br />F. Guaranty of Nondiscrimination <br /> <br />The Contractor agrees that during the life of the Agreement, the Contractor will <br />not, within the State of Minnesota, discriminate against any employee or applicant <br />for employment because of race, color, creed, national origin or ancestry, or sex, <br />and will include a similar provision in all subcontracts entered into for the <br /> <br />6 <br />