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after initial acceptance of entire work by the City. In the event Subdivider fails, neglects or refuses <br />to maintain and repair said areas, City is hereby authorized to expend all or any portion of said <br />deposit during construction and during the one year maintenance period to accomplish the above. <br />Upon notice by City and should it become necessary for City to utilize said deposit to correct <br />deficiencies, Subdivider shall pay sufficient monies to City to maintain this cash deposit at <br />FIFTEEN THOUSAND DOLLARS (S15,000.00) until final inspection and final acceptance of all <br />the improvements. Any unexpended amount will be returned to the Subdivider at the time all <br />bonds and securities are released. <br />15. Hold Harmless Agreement. Subdivider hereby agrees to, and shall, hold City, its <br />elective and appointive boards, commissions, officers, agents and employees harmless from and <br />against any or all loss, liability, expense, claim, costs, suits, damages of every kind, nature and <br />description directly or indirectly arising from the performance of the work from Subdivider, <br />Subdivider's contractors', subcontractors', agents' or employees' operations under this Agreement. <br />Subdivider agrees to, and shall, defend City and its elective and appointive boards, commissions, <br />officers, agents and employees from any suits or actions at law or in equity for damages caused or <br />alleged to have been caused, by reason of any of the aforesaid operations; provided as follows: <br />a. That City does not, and shall not, waive any rights against Subdivider which it may <br />have by reason of the aforesaid hold <br />harmless agreement, because of the acceptance by City, or the deposit with City by <br />Subdivider, of any of the insurance policies described in paragraph 16 hereof. <br />F:'S'ROBTSLW TM66652A'SUBL%1P2AGR <br />Page 8 of 22 <br />