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therefore be exempt from all property taxes. If the use, possession or acquisition of any <br />Equipment is nevertheless determined to be subject to taxation, Lessee shall pay when due <br />all taxes and governmental charges lawfully assessed or levied against or with respect to <br />such Equipment. Lessee shall pay all utility and other charges incurred in the use and <br />maintenance of the Equipment. Lessee shall pay such taxes or charges as the same may <br />become due; provided that, with respect to any such taxes or charges that may lawfully be <br />paid in installments over a period of years, Lessee shall be obligated to pay only such <br />installments as accrue during each Lease Term. <br />Section 7.02. Insurance. Lessee shall during each Lease Term maintain or cause to <br />be maintained (a) casualty insurance naming Lessor and its assigns as loss payee and <br />insuring the Equipment against loss or damage by fire and all other risks covered by the <br />standard extended coverage endorsement then in use in the State, and any other risks <br />reasonably required by Lessor, in an amount at least equal to the then applicable Purchase <br />Price of the Equipment; (b) liability insurance naming Lessor as additional insured that <br />protects Lessor from liability in all events in form and amount satisfactory to Lessor; and <br />(c) worker's compensation coverage as required by the laws of the State; provided that, <br />with Lessor's prior written consent, Lessee may self-insure against the risks described in <br />clause (a). Lessee shall furnish to Lessor evidence of such insurance or self-insurance <br />coverage throughout each Lease Term. Lessee shall not cancel or modify such insurance or <br />self-insurance coverage in any way that would affect the interests of Lessor without first <br />giving written notice thereof to Lessor at least 30 days in advance of such cancellation or <br />modification. Whether or not Lessee provides self-insurance, Lessee hereby affirms that it <br />assumes all risk of loss of, or damage to and liability related to injury or damage to <br />persons or property arising from the Equipment from any cause whatsoever, and no such <br />loss of or damage to or liability arising from the Equipment shall relieve Lessee of the <br />obligation to make the Rental Payments or to perform any other obligation under this <br />Lease. <br />Section 7.03. Advances. In the event Lessee shall fail to keep the Equipment in <br />good repair and working order, Lessor may, but shall be under no obligation to, maintain <br />and repair the Equipment and pay the cost thereof. All amounts so advanced by Lessor <br />shall constitute additional rent for the then current Original Term or Renewal Term and <br />Lessee covenants and agrees to pay such amounts so advanced by Lessor with interest <br />thereon from the due date until paid at the rate of 12% per annum or the maximum <br />amount permitted by law, whichever is less. <br />AxTtcr,E VIII <br />Section 8.01. Damage, Destruction and Condemnation. Unless Lessee shall have <br />exercised its option to purchase the Equipment by making payment of the Purchase Price <br />as provided in the related Lease, if, prior to the termination of the applicable Lease Term, <br />(a) the Equipment or any portion thereof is destroyed, in whale or in part, or is damaged <br />by fire or other casualty or (b) title to, or the temporary use of, the Equipment or any <br />part thereof shall be taken under the exercise or threat of the power of eminent domain <br />#219845v12A (Gov't Entity Master Lease) 12 <br />