~ 7 » On, under, over, along ox across a Service Corridor, and the Company will, upon demand and at its own sole risk and expense, defend any and all suits, actions or other legal proceedings which may be brought or instituted by third persons against the Municipality on any such claim, demand or cause of action, and will pay and satisfy any judgment or decree which may be rendered against the Municipality in any such Suit, action or other legal proceeding, and will reimburse the Municipality for any and all legal expenses incurred in connection therewith. The Company’ s obligation to indemnify and save harmless the Municipality shall Survive the termination of this Agreement. 14. This Agreement, shall commence upon the date of execution and shall, unless renewed, terminate 1 year after the first day of the month in which the Agreement is executed. The Agreement shall automatically renew for successive one (1) year period without limitation to the number of renewal periods unless either the Municipality ox the Company give written notice of cancellation ro the other not less than three (3) months prior to the expiration of this Agreement or any renewal texm upon which this Agreement shall terminate and on the day so named in such notice this Agreement and all rights and privileges thereunder shall come to an end, provided that notwithstanding such termination the Company shall continue to be liable to the Municipality for all payments due and obligations incurred thereunder prior to the date of such termination. 1S. Upon execution of a master agreement regulating the use of Municipality streets by the Company, this Agreement shall be null and void and of no further effect and the Equipment installed in the Service Corridors pursuant to this Agreement shall thereafter be regulated and governed by the master agreement. 16. Security in a form acceptable to the Municipality in an amount equal to fifty percent of the construction costs of the installation of the Equipment shall be deposited with the PAGE | ad