Laserfiche WebLink
1 <br /> 5. Indemnification. Chevron and Texaco shall, during the term of this Agreement, <br /> hold Hunter, his successors-in-interest in the Property, assigns, shareholders, <br /> officers, directors, employees and representatives, and each of them, free and <br /> harmless and indemnify each of them from and against any claim, demand, cause <br /> of action or liability arising out of a breach of its obligations under this <br /> Agreement, and reasonable defense costs (including reasonable attorneys' costs) <br /> which may be incurred by Hunter prior to Chevron and Texaco's assumption of <br /> Hunter's defense. <br /> 6. Exclusive Remedy. Chevron and Texaco shall pay Hunter as part of this <br /> Agreement. In consideration of the terms set forth herein, Hunter releases <br /> Chevron and Texaco from all claims of whatever nature, whether accrued or not, <br /> related to Contamination and/or TCE Contamination impacting the Property. <br /> Hunter agrees that his sole and exclusive legal remedy against Chevron and <br /> Texaco relating to the presence of Contamination, and the performance of the <br /> Activities relating to Contamination and the TCE contamination, shall be the <br /> enforcement of the terms of this Agreement against Chevron and Texaco, and/or <br /> the right to seek damages against Chevron and Texaco for the breach of any of the <br /> terms of the Agreement as set forth herein. <br /> 7. Insurance. In lieu of insurance coverage, Chevron and Texaco maintain an <br /> informal self-administered claims program with respect to their duties under this <br /> Agreement. Chevron and Texaco shall require that any contractors or consultants <br /> performing the Activities on their behalf,maintain liability insurance coverage <br /> with policy limits of not less than One Million Dollars ($1,000,000)and that said <br /> policy(cies) shall name Hunter as an additional insured. The policy(ies) shall also <br /> contain a provision that entitles the parties to this agreement, although named as <br /> an additional insured, to recover under such policy for any damage to the other <br /> parties or their authorized representatives by reason of the acts or omissions of the <br /> parties or their authorized representatives causing such damage. Before entry <br /> onto the Property, Chevron and Texaco hereby agree that they, or their authorized <br /> representatives, will deliver to Hunter a certificate of insurance evidencing <br /> coverage as set forth above. <br /> 8. No Agency Relationship. In the performance of the Activities pursuant to this <br /> Agreement, Chevron, Texaco, and their contractors and consultants are not acting <br /> as the agent or authorized representative of Hunter. <br /> 9. Governing Law. This Agreement shall be governed by and construed in <br /> accordance with the laws of the State of California. <br /> 10. Entire Agreement. This Agreement represents the entire agreement among the <br /> parties relating to the subject matter hereof, and no representations or promises <br /> 4 <br /> 35275 S.Welty Road, <br /> Vernalis,CA/Site Remediation <br /> Agreement/Chevron Pipeline/Texaco <br /> Hunter&DOC-8/4/97 <br />