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Law Department Approved Tracking #10 -41576 <br />Any insurance policy shall be written by a reputable insurance company acceptable to <br />Licensor or with a current Best's Guide Rating of A- and Class VII or better, and <br />authorized to do business in the state(s) in which the service is to be provided. <br />Licensee represents that this License has been thoroughly reviewed by Licensee's <br />insurance agent(s) /broker(s), who have been instructed by Licensee to procure the <br />insurance coverage required by this Agreement. Allocated Loss Expense shall be in <br />addition to all policy limits for coverages referenced above. <br />Not more frequently than once every five years, Licensor may reasonably modify the <br />required insurance coverage to reflect then - current risk management practices in the <br />railroad industry and underwriting practices in the insurance industry. <br />If any portion of the operation is to be subcontracted by Licensee, Licensee shall require <br />that the subcontractor shall provide and maintain insurance coverages as set forth <br />herein, naming Licensor as an additional insured, and shall require that the <br />subcontractor shall release, defend and indemnify Licensor to the same extent and <br />under the same terms and conditions as Licensee is required to release, defend and <br />indemnify Licensor herein. <br />Failure to provide evidence as required by this section shall entitle, but not require, <br />Licensor to terminate this License immediately. Acceptance of a certificate that does not <br />comply with this section shall not operate as a waiver of Licensee's obligations <br />hereunder. <br />The fact that insurance (including, without limitation, self- insurance) is obtained by <br />Licensee shall not be deemed to release or diminish the liability of Licensee including, <br />without limitation, liability under the indemnity provisions of this License. Damages <br />recoverable by Licensor shall not be limited by the amount of the required insurance <br />coverage. <br />For purposes of this section, Licensor shall mean "Burlington Northern Santa Fe <br />Corporation ", "BNSF Railway Company" and the subsidiaries, successors, assigns and <br />affiliates of each. <br />ENVIRONMENTAL <br />22. (a) Licensee shall strictly comply with all federal, state and local environmental laws <br />and regulations in its use of the Premises, including, but not limited to, the <br />Resource Conservation and Recovery Act, as amended (RCRA), the Clean <br />Water Act, the Oil Pollution Act, the Hazardous Materials Transportation Act, <br />CERCLA (collectively referred to as the "Environmental Laws "). Licensee shall <br />not maintain a treatment, storage, transfer or disposal facility, or underground <br />storage tank, as defined by Environmental Laws on the Premises. Licensee shall <br />not release or suffer the release of oil or hazardous substances, as defined by <br />Environmental Laws on or about the Premises. <br />(b) Licensee shall give Licensor immediate notice to Licensor's Resource Operations <br />Center at (800) 832 -5452 of any release of hazardous substances on or from the <br />Premises, violation of Environmental Laws, or inspection or inquiry by <br />governmental authorities charged with enforcing Environmental Laws with <br />-10 - <br />Form 424; Rev. 04/26/05 <br />