Article XVI. Insurance/Project Operation

Section 16.01 Insurance Requirements. Throughout the Term, Supplier shall obtain, hold and maintain insurance policies that satisfy the requirements set forth on Exhibit C (Insurance Requirements), except that (a) Supplier shall not be required to obtain such insurance to the extent it is not available on commercially reasonable terms, and (b) such insurance need not be maintained for the entire Term if a shorter period is specified in Exhibit C. Supplier shall provide prompt written notice to Buyer of any policy renewal, termination, cancellation or other material change to any required insurance coverage.

Section 16.02 Project Operation. Supplier covenants and agrees that it will operate and maintain the Project in accordance with Prudent Industry Practices, all Applicable Laws, the requirements of the Registry and the Carbon Standard Rules.