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E. Company may offer both its initial and additional installation services to <br />Subscribers at uniformly applied reduced rates. <br />7.04 Rate Changes. A change in any regulatable rate shall require approval of <br />Grantor and shall be effectuated pursuant to terms of the Franchise Agreement. <br />7.05 Service Contract. The length and terms of the service contract shall be as set <br />forth in the Franchise Agreement. <br />ARTICLE 8. GENERAL FINANCIAL AND INSURANCE PROVISIONS <br />8.01 Performance Bond. At the time the Franchise becomes effective and at all <br />times thereafter until Company has liquidated all of its obligations with Grantor, Company <br />shall furnish a performance bond approved by Grantor in such amount as Grantor deems <br />to be adequate compensation for damages resulting from Company's nonperformance. <br />Grantor may, from year to year, in its sole discretion, reduce the amount of the performance <br />bond. The amount of the performance bond shall be as set forth in the Franchise Ik <br />Agreement. <br />8.02 Liability Insurance and Indemnification. Company shall indemnify and hold <br />harmless Grantor at all times during the term of the Franchise, and maintain throughout the <br />term of the Franchise, liability insurance in such amount as Grantor may require insuring <br />both Grantor and Company with regard to all damages and penalties which they may legally <br />be required to pay as a result of the exercise of the Franchise. Company shall initially <br />maintain insurance in such amounts as set forth in the Franchise Agreement. <br />8.03 Duty to Company. Nothing contained in the Franchise shall relieve any Person <br />from liability arising out of the failure to exercise reasonable care to avoid injuring <br />n <br />15 <br />