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! • such policies of insurance are in full force and effect as of the date of this GRANT AGREEMENT. 4. COMMITMENT OF AUTHORITY TO GRANT FUNDS Subject to the terms and conditions of the GRANT AGREEMEN"1�. AUTHORITY agrees to grant to GRANTEE an amount not to exceed Thirty Thousand and 00/100 Dollars ($30,000.00). The AUTHORITY shall have no obligation to disburse any of these funds if, at the time of disbursement. GRANT'EE is in default under any of the terms of the GRANT AGREEMEN'I'. AFFIRMATIVE COVENANTS To further induce AUTHORII�Y to make the requested grant, GRANTEE hereby covenants and agrees that it shall: 5.1. A. Purchase and maintain such insurance as will protect it from claims which may arise out of, or result from, its operations related to this GRANT AGREEMENT, whether such operations be by the GRANTEE or by any subcontractor, or by anyone directly employed by them, or by anyone for whose acts any one of them may be liable. B. Secure the following coverages and comply with all provisions noted. Certificates of Insurance shall be issued evidencing such coverage to the AUTHORITY throughout the term of this GRANT AGREEMENT. 1. Commercial General Liabilitv Insurance $1,500,000 per occurrence $2,000,000 general aggregate $2,000,000 products/completed operations total limit $1,500,000 personal injury and advertising liability This policy shall be written on an occurrence basis using ISO form CG 00 O1 or its equivalent. The AUTHORITY, Ramsey County, their officials, employees, and agents, shall be added to the policy as additional insured on a primary basis with respect to the operations of the BORROWER, using ISO endorsement form CG 20 26 or its equivalent. 2. Automobile Insurance Coverage shall be provided for hired, non-owned and owned auto. Minimum limits of $1,000,000 combined single limit Page -3-