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13068487v2 <br /> <br /> <br /> 25 <br /> <br />(b) Comprehensive general public liability insurance, including personal injury <br />liability, and, if the Corporation owns or leases any automobiles, automobile insurance, <br />including owned, non-owned and hired automobiles, against liability for injuries to persons <br />and/or property, in the minimum amount for each occurrence and for each year of <br />$1,000,000, for public liability not arising from ownership or operation of automobiles (or <br />other motor vehicles), and in the minimum amount of $500,000 for each occurrence and <br />for each year for liability arising out of ownership or operation of automobiles (or other <br />motor vehicles) and shall be endorsed to show the Trustee and Issuer as an additional <br />insured. <br />(c) Such other insurance, including workers’ compensation insurance <br />respecting all employees of the Corporation, in such amount as is customarily carried by <br />like organizations engaged in like activities of comparable size and liability exposure; <br />provided that the Corporation may be self-insured with respect to all or any part of its <br />liability for workers’ compensation. <br />All insurance required in this Section shall be taken out and maintained in responsible insurance <br />companies selected by the Corporation which are authorized under the laws of Minnesota to <br />assume the risks covered thereby. Not more frequently than once every five years, the <br />Corporation’s insurance requirements may be modified in accordance with recommendations of <br />an Independent insurance consultant selected by the Corporation, a copy of which shall be <br />furnished to the Trustee. Each policy shall contain a provision that the insurer shall not cancel or <br />modify it without giving written notice to the Corporation and the Trustee at least seven (7) days <br />before the cancellation or modification becomes effective. In lieu of separate policies, the <br />Corporation may maintain a single policy, blanket or umbrella policies, or a combination thereof, <br />having the coverage required herein. The Corporation shall provide the Trustee annually on June <br />1, with a Corporation certificate as to compliance with the provisions of Section 5.09. The Trustee <br />shall be entitled to rely upon said Corporation certificate as to the Corporation’s compliance with <br />the insurance requirements. The Trustee shall not be responsible for the sufficiency of coverage or <br />amounts of such policies. The Trustee’s only duty with respect to any recommendations of an <br />Independent insurance consultant provided to it are to hold such recommendations as a repository <br />on behalf of Bondholders. <br />Section 5.10 Damage or Destruction. The Corporation agrees to notify the Trustee as <br />soon as practicable in the case of damage exceeding $750,000 in amount to, or destruction of, the <br />Project Facilities or any portion thereof resulting from fire or other casualty. In the event that any <br />such damage or destruction does not exceed $750,000, the Corporation shall forthwith repair, <br />reconstruct and restore the Project Facilities to substantially the same or an improved condition or <br />value as existed prior to the event causing such damage and, to the extent necessary to accomplish <br />such repair, reconstruction and restoration, the Corporation will apply the Net Proceeds of any <br />insurance relating to such damage received by the Corporation to the payment or reimbursement <br />of the costs thereof. Net Proceeds of any insurance relating to such damage up to $750,000 shall <br />be paid directly to the Corporation. <br />In the event the Project Facilities or any portion thereof is destroyed by fire or other <br />casualty and the damage or destruction is estimated to exceed $750,000, then the Corporation shall