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for redemption and hereby consents and directs the..Trustee to <br />• call all outstanding Bonds .for. redemption.. <br />ARTICLE VI. <br />Insurance <br />Sec. 6.01. The Authority covenants that during the <br />construction of the Facility, it will carry. or will cause other <br />persons to carry for its benefit the following kinds of <br />insurance: <br />(a) Builder's risk insurance in the amount of one <br />hundred percent (1000 of the insurable value of the <br />Facility against physical loss or damage thereto, <br />however caused, with such exceptions as are ordinarily <br />required by insurers of buildings or facilities of a <br />similar type. Such insurance shall be carried in <br />completed value form. <br />(b) Bodily injury and property damage insurance <br />naming the Authority as an insured against claims for <br />damages for bodily injury, including accidental death, <br />as well as claims for property damages which may arise <br />from such construction. Such insurance shall be <br />carried for not less than the following limits of <br />. liability for the policies indicated: <br />Combined bodily injury insurance, <br />including accidental death, and property <br />damage insurance in an amount not less than <br />One Million Dollars ($1,000,000) on account of <br />one occurrence;. or, in the alternative: <br />Bodily injury insurance in an amount not <br />less than One Million Dollars for injuries, <br />including accidental death, to any one (1) <br />person, and in an amount not less than One <br />Million Dollars on account of one (1) <br />accident; and <br />Property damage insurance in an amount <br />not less than Five Hundred Thousand Dollars on <br />account of any one (1) accident and in an <br />amount not less than Five Hundred Thousand <br />Dollars in the aggregate during each policy <br />period, each of which shall be not longer than <br />one year. <br />The Authority further covenants that all contracts for <br />the construction of said Facility will or do require the <br />contractor to carry such insurance as will protect the contractor <br />• from liability under the Indiana Workmen's Compensation and <br />Workmen's Occupational Diseases Acts. Certificates of the <br />insurance coverage required under Subsection (b) of this section <br />and the preceding sentence shall be furnished to the Trustee. <br />-26- <br />