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<br />License Area; and (iii) that its operations on the License Area will not violate any federal, state
<br />or local law, regulation, ordinance or requirement governing Hazardous Materials. Hazardous
<br />Materials are defined as any dangerous, toxic or hazardous pollutants, chemicals, waste,
<br />polychlorinated biphenyls, asbestos, formaldehyde, petroleum, including crude oil or any
<br />fraction thereof, natural gas, natural gas liquids, liquefied natural gas, synthetic gas usable for
<br />fuel or mixtures thereof or substances as defined in the Comprehensive Environmental Response
<br />Compensation and Liability Act of 1980, as amended, 42 U.S.C. 9601, et seq., or the Resource
<br />Conservation and Recovery Act of 1976, as amended, 42 U.S.C. 6901, et seq., or the Hazardous
<br />Materials Transportation Act, as amended, 49 U.S.C. 1801, et seq., or the Minnesota
<br />Environmental Response and Liability Act, as amended, Minn. Stat. Ch. 115B, or any other
<br />federal, state or local environmental laws, statutes, regulations, requirements or ordinances.
<br />9. Compliance with Laws. Licensee shall not commit or permit any act to be
<br />performed on the License Area or omission to occur with will be in violation of any statute,
<br />regulation or ordinance of any governmental body or which will be in violation of any insurance
<br />policy carried on the License Area by Licensor.
<br />10. Insurance. Licensee shall (or shall cause its tenant(s) to), at no cost or expense to
<br />Licensor, maintain commercial general liability insurance against claims for personal injury,
<br />death or property damage occurring upon, in or about the License Area, such insurance to afford
<br />protection to the limit of not less than $1,000,000.00 in respect to injury or death to a single
<br />person, and to the limit of not less than $2,000,000.00 in respect to any one accident, and to the
<br />limit of not less than $500,000.00 in respect to any property damage, and shall name Licensor as
<br />an additional insured.
<br />All policies of insurance shall be written in companies that are qualified to do business in
<br />the State of Minnesota with a minimum AM Best Rating of at least A-. Licensee shall (or shall
<br />cause its tenant(s) to) procure and deliver to Licensor certification from the respective insurance
<br />companies indicating that the insurance to be maintained by Licensee is in force. During the
<br />term of this Agreement, upon request by Licensor, License shall (or shall cause its tenant(s) to)
<br />procure and deliver to Licensor updated certifications from the respective insurance companies
<br />indicating that the insurance to be maintained by Licensee is in force. Licensee shall (or shall
<br />cause its tenant(s) to) notify Licensor if any of the coverage required by this Section 10 is
<br />cancelled or terminated.
<br />11. Assignability. This Agreement, and the License herein granted, may not be
<br />assigned or transferred to any third party by Licensee without the prior written approval of
<br />Licensor and shall automatically terminate if any effort is made to assign it without written
<br />approval; provided, however, Licensee may assign and/or transfer this Agreement and the
<br />License herein granted to its parent, subsidiary, affiliate, mortgage lender or successor-in-interest
<br />pursuant to a third party sale.
<br />12. Termination. Licensor may terminate the License granted by this Agreement for
<br />any reason, in its sole discretion, upon 60 days’ written notice from Licensor to Licensee. In
<br />addition, Licensor may terminate the License granted by this Agreement immediately upon
<br />notice to Licensee if required by a legal proceeding or a federal governmental authority.
<br />Licensee may terminate the License granted by this Agreement at any time, upon written notice
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