Common use of Liquor Liability Clause in Contracts

Liquor Liability. Liquor liability insurance shall be in the base amount of coverage at $500,000.00 per occurrence. In the event that the base amount of required coverage is not available, then until such coverage can be obtained, the Golf Pro shall provide a performance bond or letter of credit in the amount of $50,000.00. Said performance bond or letter of credit shall be maintained in force one hundred eighty (180) days after the effective date of termination, nonrenewal or expiration of this Agreement, or until the satisfaction of any claim, demand or suit against the City arising from or growing out of the dispensing of alcohol beverages by the Golf Pro or his employees, whichever shall be longest. In the event that the base liquor liability coverage is not economically available, the Golf Pro agrees to increase the performance bond under this Agreement to $100,000.00 until such time as coverage is obtained and evidence of coverage is presented to the City. In the event that Sec. 4 of Act 47 of the Laws of 1985 (Sections 125.035 and 125.037, Wis. Stats.) is repealed or modified by legislative act or declared unconstitutional or otherwise challenged successfully, such that these statutory sections are rendered ineffective in that they fail to achieve their essential purpose of establishing absolute immunity from such suits, claims and demands against the municipality which permits alcohol beverages to be sold and served by the Golf Pro operating in the manner as set forth in this Agreement, sales and furnishing of alcohol beverages must immediately cease pending agreement by the parties on required insurance coverage for liquor liability. The statutes shall be deemed to be successfully challenged if a court of competent jurisdiction has made a final ruling or determination that, if unreversed or unmodified, renders the provisions of the stated sections ineffective in achieving their essential purpose.