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<br /> 13. INSURANCE. Throughout the term of this Lease, and until Lessor has received possession of the
<br /> Equipment upon its return to Lessor or until Lessee purchases the Equipment if and as pennitted under the
<br /> terms set forth herein and in the Equipment Schedule, Lessee, at its expense, shall (a) keep the Equipment
<br /> insured against collision (if applicable) loss, damage, fire and theft, with extended or combined additional
<br /> coverage, in such amounts as Lessor may ITom time to time specify; (b) maintain liability insurance in amounts
<br /> satisfactory to Lessor concerning any property damage, personal injury or fatality that may result ITom the
<br /> possession, use or operation of the Equipment; and ( c) keep the Equipment insured against such other risks
<br /> in such amounts as Lessor may ITom time to time specify. All such insurance policies shall name Lessor as an
<br /> additional insured. Lessee shall, on request of Lessor, deliver to Lessor the policies or other evidence of such
<br /> insurance satisfactory to Lessor, with a standard (non-attribution) long form endorsement attached thereto or
<br /> indicated therein, showing loss proceeds, if any, payable directly to Lessor, all in form satisfactory to Lessor,
<br /> - together with receipts for the paid premiums thereunder. The loss proceeds of such insurance, to the extent
<br /> pennitted by law, shall be paid directly to Lessor and such proceeds, less any costs and expenses incurred or
<br /> paid by Lessor in the collection thereof, shall be applied, at the election of Lessor, either toward repair or
<br /> replacement of the Equipment damaged, destroyed, lost or stolen or to payment of any rental payment or other
<br /> amount payable by Lessee hereunder (including, but not limited to, any "Casualty Payment," as defined below),
<br /> whether or not then due.
<br /> Lessee will carry workmen's compensation insurance covering all employees working on, in or about the
<br /> Equipment, and will furnish to Lessor certificates evidencing current coverage during each fiscal year of Lessee
<br /> throughout the term of this Lease.
<br /> Lessee shall cause all insurance policies required under the terms of this Section to (a) provide by
<br /> endorsement on the policies that no cancellation, alteration, change, lapse or expiration thereof shall be
<br /> effective as to Lessor for thirty (30) days after receipt by Lessor of written notice thereof; (b) provide that the
<br /> insurers shall hold harmless and waive any rights of subrogation against Lessor; ( c) be primary without right
<br /> of contribution ITom any other insurance which is carried by Lessor; (d) waive any rights of set off,
<br /> counterclaim or other deduction against Lessor; (e) provide that Lessor shall have no obligation or liability for
<br /> premiums, commissions, assessments or calls in connection with such insurance; and (f) provide that such
<br /> policies will not be invalidated by any act or omission of Lessee or any other additional insured, and shall insure
<br /> Lessor and its assigns, regardless of any breach or violation of any warranty, declaration, condition or covenant
<br /> contained in such policies by Lessee or any other additional insured.
<br /> 14. LOSS. DAMAGE OR DESTRUCTION OF EQUIPMENT. Lessee shall bear all risk of damage,
<br /> - destruction, loss of possession or theft of the Equipment or any part thereof, and no such event shall cause any
<br /> abatement or release whatsoever in Lessee's liability to pay rent or to perform other covenants as provided
<br /> herein. In the event that any Equipment is lost, stolen, condemned by any governmental authority, if
<br /> applicable, totally destroyed, damaged beyond repair or permanently rendered unfit for use (each an "Event
<br /> of Loss"), then Lessee shall promptly notify Lessor of the occurrence of such Event of Loss and shall payor
<br /> cause to be paid to Lessor, not later than the earlier to occur of (a) the date that is ninety (90) days subsequent
<br /> to the date such Event of Loss occurred or (b) the date of receipt of insurance proceeds in respect of such
<br /> Event of Loss, a "Casualty Payment" (defined below) in respect of the Equipment as to which there has
<br /> occurred such Event of Loss. In addition, Lessee shall continue to pay all rental payments that become due
<br /> and payable on such Equipment after the date that such Event of Loss has occurred and prior to the date that
<br /> the Casualty Payment thereon is actually received by Lessor. If Lessee shall have timely paid all such rental
<br /> payments on such Equipment, all rental payments thereon that became due and payable prior to the date such
<br /> Event of Loss occurred, and the Casualty Payment that is due and payable with respect thereto, then the
<br /> liability of the Lessee to pay rent for such Equipment shall be discharged. F or purposes of this Lease,
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