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<br />VOL <br /> <br />24,0 PAGE 461 <br /> <br />and shall be written with the Lessor as an additional insured. In any event, the Lessee is fully <br />responsible for all losses arising out of, resulting from or connected with operations under this <br />Lease whether or not the losses are covered by insurance. The Lessor's acceptance of insurance <br />certificates that do not comply with these requirements will not release the Lessee from <br />compliance with these provisions. <br /> <br />7.02. Casualty CoveraQe: The Lessee shall maintain in full force and effect during the term of this <br />Lease a policy of insurance on the Texas Standard form of fire and extended coverage for all <br />contents, goods, stock, and any personal property which is or may be situated upon the Leased <br />Premises. <br /> <br />7.03. Indemnity and Hold Harmless: <br /> <br />A. The Lessee agrees to hold harmless, indemnify and defend the Lessor and its officers, <br />agents and employees from and against all claims, suits and actions by third parties for loss of life, <br />personal injury or property damage arising in connection with the use of the Leased Premises and <br />other areas of the Airport by the Lessee, its agents, contractors, employees, servants, invitees or <br />licensees. <br /> <br />B. The Lessee shall use the Airport and use, occupy and store property on the Leased <br />Premises at its own risk, and the Lessee agrees to hold harmless and release the Lessor, and its <br />officers, agents and employees from all claims, suits and actions by the Lessee for loss of life, <br />personal injury or property damage occurring at the Airport or on the Leased Premises, including <br />those resulting from the sole negligence or other actionable conduct of the Lessor, its officers, <br />agents or employees, or from the acts or omissions of third parties. <br /> <br />C. The Lessee shall give prompt notice to the Lessor of any accident on the Leased <br />Premises, and of defects in the runways, taxi-ways, lighting systems or other facilities at the <br />Airport of which the Lessee is aware. <br /> <br />D. In case the Lessor is made a party to any litigation commenced by or against the <br />Lessee that is covered by this paragraph, then the .Lessee shall hold the Lessor harmless from <br />and pay all costs and expenses of the Lessor related to the litigation, including the fees of <br />attorneys and expert witnesses. <br /> <br />Article 8. Condemnation <br /> <br />8.01. Total: If the whole of the Leased Premises is taken by eminent domain, then this Lease <br />shall terminate as of the date the title vests in the proceeding. <br /> <br />8.02. Partial: If a portion of the Leased Premises is taken by eminent domain, and the partial <br />taking renders the remaining portion unsuitable for the purposes of the Lessee, then this Lease <br />shall terminate. If the partial taking is not extensive enough to render the premises unsuitable for <br />the purposes of the Lessee, then this Lease shall continue in effect, except that the fixed annual <br />rental shall be reduced and adjusted in an appropriate manner. <br /> <br />COSM Form 1/99 <br /> <br />5 <br />