Pursuant to Section 9 of Chapter 83 of the 1994 Acts of the Commonwealth of Massachusetts, I hereby agree on behalf of myself, my heirs, successors and assignees to provide indemnification to the City of Holyoke against any loss which may arise by the way of any suit, action or proceeding against the City of Holyoke, its officers or employees as a result of any act or failure to act on the part of the holder of this license while operating pursuant to the license within the territorial limits of the City of Holyoke.