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Section 8.05. Deposit of Insurance With Landlord and Lender <br />Tenant shall, within fifteen (15) days after the execution of this lease and promptly thereafter when any <br />such policy is replaced, rewritten, or renewed, deliver to Landlord and Lender a true and correct copy of each <br />insurance policy required by this Article of this lease or a certificate executed by the insurance company or <br />companies or their authorized agent evidencing that policy or policies. <br />Section 8.06. Notice of Cancellation of Insurance <br />Each insurance policy required under this Article shall comply with the following requirements: <br />(a) Tenant shall maintain all insurance required above in full force and effect for the entire <br />period covered by this Lease. <br />(b) Certificates of insurance shall be furnished to Landlord upon execution of this Lease <br />and shall be approved in form by the City Attorney. <br />(c) Certificates and policies shall state that the policies shall not be canceled or reduced in <br />coverage or changed in any other material aspect without thirty (30) days prior written <br />notice to the Landlord. <br />Section 8.07 Failure to Maintain Insurance During T~ <br />If Tenant fails or refuses to produce or maintain the insurance required by this Article or fails or <br />refuses to furnish the Landlord with required proof that insurance has been procured and is in force and paid <br />for, Landlord shall have the right, at the Landlord's election, to forthwith terminate this Agreement. <br />ARTICLE 9 <br />CONDEMNATION <br />Section 9.01. Total Condemnation <br />If, during the term of this lease, fee title to all of the Premises or to all of the Improvements, or the <br />entire leasehold estate of Tenant is taken under the power of eminent domain by any public or quasi-public <br />agency or entity (a "Total Taking"), this lease shall terminate as of 12:01 A.M. on whichever of the following <br />occurs first: (1) the date legal title becomes vested in the agency or entity exercising the power of eminent <br />domain, or (2) the date actual physical possession is taken by the agency or entity exercising the power of <br />eminent domain. Thereafter, both Landlord and Tenant shall be released from all obligations under this lease. <br />Section 9.02. Partial Takin -Pg arking Areas <br />If, at any time during the term of this lease, a taking occurs that is less than a Total Taking and affects <br />the parking areas for the Community Center, all compensation and damages payable for that taking shall be <br />made available to and used, to the extent reasonably needed, by Tenant to repair any portion of the remaining <br />parking areas damaged by the taking and to replace the parking areas taken with other new parking areas on <br />the portion of the Premises not taken, provided that replacement is then permitted by existing law. Plans and <br />specifications for the replacement parking areas must first be approved in writing by Landlord. <br />Notwithstanding anything to the contrary in this Section, if the portion of the parking areas taken by eminent <br />domain results in a net loss of 25 percent or more of the area of the Premises that can, after considering any <br />replacement parking areas that can be lawfully constructed on the remaining portion of the Premises by <br />reasonable methods, be devoted to parking areas as compared with the area devoted to those parking areas <br />11 <br />