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during which Lessee fails to take such actions and for any other loss suffered by Lessor as a result of Lessee/s failure to take such actions as required. Section 4.4. Tenination of Lease Ten. The Term of this Lease will terminate upon the occurrence of the first of the following events: (a) Lessee/s discontinuance of this Lease in accordance with section 4.1 upon the expiration of the Original Term or any Additional Termi (b) the exercise by Lessee of its option to purchase Lessor1s.interest in the Equipment pursuant to Article Xi (c) a default by Lessee and Lessor's election to terminate this Lease pursuant to Article KIIi or (d) the paY1D.ent by Lessee of all Rental PaY1D.ents and other a1D.ounts authorized or required to be paid by Lessee hereunder. ARTICLE V REH'l'AL PAYHEBTS Section 5.1. Rental Pa~ts. Lessee agrees to pay Rental Payments during the Term of this Lease, in the amounts and the dates specified in Exhibit B. All Rental Payments shall be paid to Lessor at its offices at the address specified in ~e first paragraph of this Lease, or to such other person or entity to which Lessor has assigned such Rental Payments as specified in Article KI, at such place as such assignee may from time to time designate by written notice to Lessee. Lessee shall pay the Rental Payments exclusively from moneys legally available therefor, in lawful money of the United states of America to Lessor or, in the event of assignment of the right to receive Rental Payments by Lessor, to its assignee. Interest shall accrue from the first day of the calendar month in which the Certificate of Acceptance is executed. Section 5.2. CUrrent Expense. The obligations of Lessee under this Lease, including its obligation to pay the Rental Payments due with respect to the Equipment, in any Fiscal Year for which this Lease is in effect, shall constitute a current expense of Lessee for such Fiscal Year and shall not constitute an indebtedness of Lessee within the meaning of the Constitution and laws of the State. Nothing herein shall constitute a pledge by Lessee of any taxes or other moneys, other than moneys lawfully appropriated from time to time by Lessee in its annual budget and the proceeds or Net Proceeds of the Equipment, to the payment of any Rental Payment or other amount coming due hereunder, Section 5.3. Interest Colponent. A portion of each Rental Payment is paid as and represents the payment of Interest. Exhibit B sets forth the Interest component of each Rental Payment, Section 5.4 Rental PaYBffilts to be Unconditional. Except as provided in Section 4,1, the obligation of Lessee to make Rental Payments or any other payments required hereunder shall be absolute and unconditional in all events. Notwithstanding any dispute between Lessee and Lessor or any other person, Lessee shall make all Rental Payments and other payments required hereunder when due and shall not withhold any Rental Payment or other paYflent pending final resolution of such dispute nor shall Lessee assert any right of set-off or counterclaim against its Obligation to make such Rental Payments or other payments required under this Lease. Lessee's obligation to make Rental Payments or other payments during the Original Term and all Additional Terms for which this Lease remains in effect shall not be abated through accident or unforeseen circulIStances. However, nothing herein shall be construed to release Lessor from the performance of it obligations hereunderi and if Lessor should fail to perform any such obligation, Lessee may institute such legal action against Lessor as Lessee may deem necessary to compel the rformance of such obligation or to recover damages therefor. ARTICLE VI IBSURABCE ill lfEGLIGEKCE Section 6.1. Liability Insurance. Upon receipt of possession of the Equipment, Lessee shall take such measures as may be necessary to ensure that any liability for injuries to or death of any person or damage to or loss of property arising out of or in any way relating to the condition of the operation of the Equipment or any part thereof, is covered by a blanket or other general liability insurance policy maintained by Lessee, The Net proceeds of all such insurance shall be applied toward extinguishment or satisfaction of the liability with respect to which any Net Proceeds may be paid. Section 6.2. Pro.perty Insurance. Upon receipt of possession of the Equipment, Lessee shall have and assume the risk of loss with respect thereto. Lessee shall procure and maintain continuously in effect during the Term of this Lease, all-risk insurance, subject only to the standard exclusions contained in the policy, in such amount as will be at ieast sufficient so that a claim may be made for the full replacement cost of any part thereof damaged or destroyed and to pay the applicable Purchase Option Price of the Equipment. Such insurance may be provided by a rider to an existing policy or under a separate policy. Such insurance may be written with customary deductible amounts. The Net Proceeds of insurance required by this Section shall be applied to the prompt repair, restoration or replacement of the Equipment or to the purchase of the Equipment, as provided in Section 6.6. Any Net Proceeds not needed for those purposes shall be paid to Lessee. Section 6.3. Workers' COlpensation Insurance. If required by State law, Lessee shall carry worker1s cOlllpensation insurance covering all employees on, in, near or about the Equipllent, and upon request, shall furnish to Lessor certificates evidencing such coverage throughout the Term of this Lease. Section 6.4. RequireJents For All Insurance. All insurance policies (or riders) required by this Article shall be taken out and maintained with responsible insurance companies organized under the laws of one of the states of the United states and 4 Ii.