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<br />DO NOT RECORD <br /> <br />Licensee shall maintain the foregoing insurance coverages in force throughout the term of <br />this Agreement. The requirement for carrying the foregoing insurance coverages shall <br />not derogate from the provisions for indemnification of Licensor by Licensee under the <br />Agreement. Licensor or its representatives shall at all times have the right to demand the <br />original or a copy of all these policies of insurance, which Licensee shall provide within <br />fifteen (15) days of Licensor's request. <br /> <br />ARTICLE 5 - TERMINATION AND DEFAULT <br /> <br />Section 5.01 Termination in the Event of Casualty or Condemnation <br /> <br />(a) In the event of any damage, destruction or condemnation of the Premises, <br />which renders the Premises unusable or inoperable in Licensor's judgment, <br />Licensee shall have the right, but not the obligation, to terminate the <br />Agreement with respect to the subject Premises by giving written notice to <br />Licensor within thirty (30) days after such damage, destruction or <br />condemnation. If by virtue of such casualty or condemnation, Licensor <br />determines that the Premises is no longer adequate for Licensee to continue <br />its operations, or any repairs to the Premises have not been completed or <br />cannot reasonably be completed within sixty (60) days from the date of the <br />damage, destruction or condemnation. This Agreement will become null and <br />void. <br /> <br />(b) In the event of condemnation, unless Licensee is allowed by the condemning <br />authority to continue its operations in the Premises, this Agreement shall <br />terminate as of the date title to the Property vests in the condemning <br />authority or Licensee is required to cease its operations, whichever is earlier. <br />If any property described herein or hereinafter added hereto is taken in <br />eminent domain, the entire award shall be paid to Licensor. <br /> <br />Section 5.02 Termination <br /> <br />This Agreement may be terminated by either party on thirty (30) days prior written <br />notice, after the initial six-month term has expired. <br /> <br />ARTICLE 6 -ASSIGNMENT, ABANDONMENT, DEFAULT, INSOLVENCY <br /> <br />Section 6.01 Assignment <br /> <br />Licensee shall not, either voluntarily or by operation of law, assign, transfer, mortgage, <br />pledge, or encumber this License or any interest therein, and shall not sublet said <br />Premises or any part thereof, or any right or privilege appurLicensee thereto, or allow any <br />other person (the employees, agents, servants, and invitees of Licensee excepted) to <br />occupy or use said Premises, or any portion thereof, without the prior written consent of <br />the Licensor. <br /> <br />6 <br />