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i 85-= 00635-0 Section 5.12. Requirements for All Insurance. All insur- ance required by provisions.of this Article V shall be taken out and maintained in responsible insurance companies, selected by Company, organized under the laws of one of the states of the United States and qualified to do business in the State. Trustee and Issuer shall be named as additional insureds as their interests may appear with respect to any policy of insurance required by this Agreement, except for worker's compensation required by Section 5.11 hereof. Company will deposit with Trustee, at the closing, policies evidencing all such insurance, or a certificate or certificates of the respective insurers stating that such insurance is in -force and effect. Each policy shall contain a provision that the insurer shall not cancel the policy without giving written notice to Trustee and Issuer at least thirty (30) days before the cancellation becomes effective. Before the expiration of any policy, Company shall furnish Trustee and Issuer evidence satisfactory to Trustee and Issuer that the policy has been renewed or replaced by another policy conforming to the provisions of this Article V, or that there is no necessity therefor under the terms hereof. Section 5.13. Advances. In the event Company shall fail to maintain the full insurance coverage required by this Agreement or shall fail to keep the Project in good repair and operating condition, Trustee may (but shall be under no obligation to) take out the required policies of insurance and pay the premiums on the same or may make such repairs or replacements as are necessary and provide for payment thereof; and all amounts so advanced therefor oy Trustee shall become an additional obligation of Company to Trustee, which amounts Company agrees to pay, immediately upon demand, together with interest thereon to the extent permitted by law at the Prime Rate. (The remainder of this page has been intentionally left blank.) -31- "I'. u