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. . \ VI. Use of the facility by the public will be limited to those times designated as Open Use by the City or when the facility is not being utilized by the Association, either on one of the above authorized dates or by an authorized rental agreement, or by any rental party. VII. The Association shall indemnify and hold harmless the City, its officers, directors, agents, and employees from and against any and all claims, damages, losses, expenses, and liabilities, including attorney's fees which may be asserted against or incurred by the City arising, directly or indirectly, from any activities conducted or services performed by the Associati~~ under this agreement, or from any event occurring on the premises owned by the City during any period in which activities are being performed, conducted, or sponsored on the premises by the Associ~tion. The City shall indemnify and hold harmless the Association, its officers, directors, agents, and employees from and against any and all claims, damages, losses, expenses, and liabilities, including attorney's fees which may be asserted against or incurred by the Association arising, directly or indirectly from any activities conducted or services performed by the City under this agreement, or from any event occurring on the premises owned by the City during any period in which activities are being performed, conducted, or sponsored on the premises by the City. VIII. The Association shall keep and maintain during the term hereof, a comprehensive general liability policy, with the City named as an additional named insured, with limits of liability of not less than five hundred thousand dollars ($500,000.00) combined single limit bodily injury and property damage per occurrence. The Association shall furnish the City with a certificate of insurance evidencing such coverage. Such insurance shall include contractual liability insuring the indemnity agreements contained herein. IX. This instrument contains the entire agreement between the parties relating to the rights herein granted and the obligations herein assumed. Any representations or modifications concerning this agreement shall be of' no force or effect excepting a subsequent modification in writing signed by all parties hereto. x. This agreement will be in force for a period of thirty (30) years. The Association agrees to pay to the City an annual amount of ten thousand dollars ($10,000.00), payable on or before the 31 st day of October, until all capital costs of the construction are retired. By agreement of both parties, this agreement may be extended for the necessary period of time to fund any future construction or renovation at the arena site. If the Association is late with a payment,