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<br />which if known by him must have materially affected his settlement with the <br />debtor. <br /> <br />16. Insurance. Licensee, at its sole cost and expense, shall obtain and maintain in full <br />force and effect during the Term of this Agreement insurance as required by OCTA <br />naming Indemnitees as additional insureds in the amounts and coverages specified and <br />issued by insurance companies as described on Exhibit "B-1". OCTA reserves the right, <br />throughout the Term of this Agreement, to review and change the amount and type of <br />insurance coverage it requires in connection with this Agreement or the Work to be <br />performed on the License Property. Prior to (a) entering the License Property or (b) <br />performing any Work or maintenance on the License Property, Licensee shall fumish <br />OCTA with insurance endorsements and certificates, evidencing the existence, amounts <br />and coverages of the insurance required to be maintained hereunder. OCTA shall not be <br />liable for the payment of any premiums or assessments for insurance required to be <br />maintained by Licensee under this Agreement. Failure by Licensee to obtain, maintain <br />and provide OCTA with evidence of continuous required coverage throughout the Term <br />shall constitute a material breach of this Agreement. <br /> <br />21. Comoliance with Laws. Licensee shall comply with all applicable federal, <br />state and local laws, regulations, rules and orders in its work on, or maintenance, <br />inspection, testing or use of, the Facility and the OCTA Property. OCTA may enter the <br />License Property to inspect the Facility at any time, upon provision of reasonable notice of <br />inspection to Licensee. Licensee shall obtain all required permits or licenses required by <br />any all applicable governmental authorities for its use of the License Property and the <br />Facility, at its sole cost and expense. In addition, Licensee shall not interfere with the <br />operations of OCTA, SCRRA, and other freight and passenger railroad entities. <br /> <br />All other terms and conditions of the Agreement remain in full force and effect. <br /> <br />IN WITNESS WHEREOF, the parties have caused this Agreement to be executed by <br />their duly authorized representatives. <br /> <br /> <br />ey . hernambucq <br />Director pf Transportation Systems Development <br />Date: 7 O<.e. ov <br /> <br />By: <br /> <br /> <br />APPR <br /> <br />D AS TO FORM: <br /> <br />Kennard R. Smart, Jr. <br />General Counsel <br />Date:~I\ 'L~o'f <br /> <br />Page 6 of 7 <br />