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<br /> -4- <br /> 6.4 In the event HS elects not to proceed with the rebuilding or <br /> repair of any structures or improvements on the leased premises <br /> (if so damaged or destroyed), this Lease shall terminate and all <br /> insurance proceeds shall immediately be paid by HS to the CITY. <br /> 6.5 If HS shall fail to proceed with such repair or rebuilding <br /> for a period of ninety (90) days after the receipt of insurance <br /> proceeds, then either party may cancel and terminate this Lease <br /> and upon such termination all insurance proceeds shall be <br /> immediately paid by HS to the CITY. <br /> 6.6 HS agrees to maintain and keep in force beginning on the <br /> effective date of this Lease and continuing during the term of <br /> this lease, public liability and property damage insurance in the <br /> minimum limits of $250,000.00 for injuries to a single person, <br /> $500,000.00 for all injuries arising from a single occurrence <br /> and $100,000.00 for any single occurrence for injury to or <br /> destruction of property. These minimum coverage standards shall <br /> be subject to change by the CITY in connection with any change <br /> under state law in the limits of the CITY's liability for <br /> governmental functions. The CITY shall give HS at least sixty <br /> (60) days advance written notice of any such changes. Any policy <br /> procured by HS under the requirements of this Lease shall name the <br /> CITY as co-insured and shall contain the endorsement that such <br /> insurance may not be cancelled or amended without ten (.10) days <br /> written notice by certified mail, return receipt requested, to the <br /> CITY by the insurance company. A copy of any policy procured by <br /> HS under the requirements of this Lease shall be delivered to the <br /> CITY within ten (10) days of the inception of the policy by the <br /> insurance company. The limits of any insurance coverage herein <br /> required shall not limit HS's liability under the preceding <br /> section. <br /> 6.7 HS warrants that any contractor engaged to perform <br /> construction, repair or maintenance work on the leased premises <br /> shall qualify, and make any and all payments under the terms of <br /> the Texas unemployment laws and will carry worker's compensation <br /> insurance as required by statute. HS further warrants that the <br /> contractor shall maintain and keep in force from the date <br /> construction begins until the date the leased premises are <br /> surrendered to HS for occupancy, property insurance with extended <br />