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A. 9. 839 Such insurance may be maintained as part of or in conjunction with any other fire and extended coverage carried by the City and may be maintained in whole or in part in the form of self - insurance by the City or through participation by the City in a joint powers ac'hority for such purpose. Rental ha rupdon Insurance. The City stall procure, and maintain through the remainder of the term of the Lease Agreement, rental interruption or use and occupancy insurance to cover loss, total or partial, of the use of any structures constituting any part of the Leased Property during the remainder of the term of the Lease Agreement as a result of any of the hazards covered in the insurance required by the Lease Agreement and which causes abatement of the Lease Payments, in an amount at least equal to the maximum amount of Lease Payments due in any succeeding two successive Rental Periods. In the Lease Agreement, the City assigns to the Authority all right of the City to collect and receive Net Proceeds under any of said policies, which right has been assigned by the Authority to the Trustee pursuant to the Indenture. The Net Proceeds of such insurance shall be paid to the Trustee and deposited in the Lease Payment Fund and shall be credited towards the payment of the Lease Payments in the order in which such Lease Payments come due and payable. The City is permitted to self - insure for rental interruption or use and occupancy insurance required above, so long as certain conditions are met, as specified by the Lease Agreement. See "APPENDIX A - Summary of Principal Legal Documents ". Tide hw rwwa The City shall cause to be delivered on the Closing Date a CLTA title insurance policy with respect to the Leased Property, in a principal amount at least equal to the principal amount of the Bonds, insuring the City's leasehold interest in the Leased Property naming the Authority and the Trustee as beneficiaries. Form oflnsurance Polides. Each policy of insurance shall provide that all proceeds thereunder shall be payable to the Trustee and applied as provided in the Lease Agreement All policies of insurance required by the Lease Agreement and any statements of self - insurance shall be in form satisfactory to [the Insurer and] the Authority. The City shall pay or cause to be paid when due the premiums for all insurance policies required by the Lease Agreement. All such policies shall provide that the Trustee shall be given thirty days' notice of each expiration, any intended cancellation thereof or reduction of the coverage provided thereby. The Trustee shall not be responsible for the sufficiency of any insurance required by the Lease Agreement and shall be fully protected in accepting payment on account of such insurance or any adjustment, compromise or settlement of any loss agreed to by the Trustee. The City shall cause to be delivered to the Trustee [and the Insurer] annually, within 30 days of the end of the Fiscal Year, a certificate stating that the insurance policies required by the Lease Agreement are in full force and effect Net Proceeds of Eminent Domain Proceedings. If the Leased Property is taken permanently under the power of eminent domain or sold to a government threatening to exercise the power of eminent domain, the term of the Lease Agreement shall cease as of the day possession shall be so taken. If less than all of the Leased Property is taken permanently, or if the Leased Property or any part thereof is taken temporarily, under the power of eminent domain, (i) the Lease Agreement shall continue in full force and effect and shall not be terminated by virtue of such taking and the parties waive the benefit of any law to the contrary, and (ii) there shall be a partial abatement of Lease Payments as a result of the application of the Net Proceeds of any eminent domain award to the redemption of the Lease Payments under the Lease Agreement, in an amount to be agreed upon by the City and the Authority such that the resulting Lease Payments represent fair consideration for the use and occupancy of the -13-