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equipment owned by or leased to CHA thereon or therein during any calendar year. CHA shall be deerred to have complied with the covenants of this Section 4.02 if payment of Taxes shall have been made either within any period allowed by applicable law before the same shall become a lien upon the Commission Property; or, if the Taxes constitute a lien before it is due and payable, then, before any penalty or interest is assessed with respect thereto. CHA shall send to the Commission satisfactory evidence of payment of any applicable Taxes and any other payment hereunder if requested to do so by the Commission in writing. 4.03. Right to Contest. CHA shall have the right to contest all Taxes referred to in Secti m 4.01 by appropriate legal proceedings, or in such other manner as it may deem appropriate. Such legal proceedings shall include any and all appropriate appeals or other proceedings and appeals from orders, judgments or decrees so long as the same are sufficient to prevent a foreclosure sale. CHA shall conduct all such proceedings at its expense. The Commission shall execute all documents reasonably required for such proceedings. CHA shall pay to the Commission any costs or expenses incurred or to be incurred by the Commission in connection therewith. Notwithstanding the foregoing, CHA shall pay any such Taxes prior to the time the Commission Property or any part thereof shall become subject to sale upon foreclosure of the lien therefor. 4.04. Distribution of Overpayment of Taxes. If there shall be any refunds or rebates on account of Taxes paid by CHA under the provisions of this Agreement, such refund or rebate sliall belong to the Commission, regardless of when such is received by the Commission. Any refi►nds so received by the Commission shall be deemed to be received by the Commission in trust for CHA and shall be paid to CHA forthwith. The Commission will, upon request of CHA, sign any receipts which may be necessary to secure the payment of any such refund or rebate. 4.05. Separate Assessments. Upon the request of CHA at any time, the Commission will make application individually, or will join in CHA's application, and will execute such instruments as may be necessary or appropriate to obtain separate tax assessments for the Commission Property. Insurance. 5.01. Liability Insurance. CHA shall maintain and keep in force at all times, with an : nsurance company or companies licensed to do business in the State of Indiana, selected by CHA and acceptable to the Commission (i) comprehensive general public liability insurance coverin€ any and all claims for injuries to or death of persons or damage to property occurring in or upon the Commission Property and having initial minimum levels of combined coverage for bodily i -ijury (including death resulting therefrom) and property damage, including umbrella coverage, of not less than Five Million and No /100 Dollars ($5,000,000.00), for each occurrence and on an annual aggregate basis and (ii) workers' compensation and employer's liability insurance in such amounts as shall be required by law from time to time, but in no event less than One Hundred Thousand Dollars ($100,000) per accident. CHA's comprehensive general public liability insurance shall have extensions of coverage to include blanket contractual liability for written and oral contracts, broad form property damage and premises operations (including explosion, collapse and underground coverage). Each policy referred to in this Section 5.01 shall 3