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201005524 Section 3.06. Preservation. of Franchises and. Compliance with Laws. 'The Grantor will take or cause to be taken all such action as may from time to time be necessary to obtain, preserve and renew all franchises, rights of way, easements, permits,, and licenses now ar hereafter granted or upon it conferred necessary to the operations of the Grantor, and will comply in all material respects with all laws, ordinances, regulations, and requirements applicable to it or the Trust Estate. Section 3.07. Maintenance of Trust Estate. The Grantor will at all times maintain and preserve the Trust Fstate and each and every material part and parcel thereof in good repair, working order acid condition, ordinary wear and tear excepted, and in material compliance with all applicable laws, ordinances, regulations, and requirements, and will from time to time make all needed and proper repairs, renewals, and replacements; and useful and proper alterations, additions, betterments and improvements, and will, subject to contingencies beyond its reasonable control, at all times keep its plant and properties in continuous operating condition and use all reasonable diligence to furnish the consumers served by it through the Trust Estate, or any part thereof, with adequate services furnished by the Grantor. Section 3.0~ Insurance. (A) Risks to be Insured. The Grantor, at its sole cost and expense, shall maintain insurance of the following character: (1) Insurance on the buildings and other improvements now existing ar hereafter erected on the Land and on the fixtures and personal property included in the 'Trust Estate against loss by fire and other hazards.covered by the sa-called "all-risk" (or special causes of loss) form of policy without a co-insurance clause in an amount equal to the full. replacement cost thereof (without deduction for depreciation) as such replacement cost shall be determined from lime io time at the request of the Beneficiary. "1'hc Grantor shall at its sole cost and expense, from time to time and at any time, at the request of the BeneFciary, provide the Beneficiary with evidence satisfactory to the Beneficiary, of the replacement cost of the Trust Estate. While any building or other improvement is in the course of being constructed or rebuilt on the Land, the Grantor shall provide the aforesaid hazard insurance in builder's risk completed value farm, including coverage available on the so-called "all-risk" (or special causes of loss) non-reporting farm of policy for an amount equal to 100% of the insurable replacement value of such building or other improvement. (2) if the Trust Estate includes steam boilers or other equipment for the generation or transmission of steam, insurance against lass or damage by explosion, rupture or bursting of steam boilers, pipes, turbines, engines and other pressure vessels and equipment, in an amount satisfactory to the Beneficiary, without a co-insurance clause. (3) Comprehensive general liability insurance protecting against claims arising from any accident or other occurrence in or upon the Trust Estate in an amount acceptable tv the Beneficiary.