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License Agreement: Future Northeast District Park BOCC draft 6 <br />termination, such notice to be given not less than one (1) day prior to the date specified in <br />such notice for the date of termination. <br />SECTION FIVE <br />APPORTIONMENT OF PAYMENTS ON TERMINATION <br />A. On any termination of this Agreement, Licensor shall apportion, on a yearly <br />basis, the Six Hundred and Seventy-five Dollar ($675) fee paid in advance from and <br />including the first day of the year during which the Agreement is terminated to and including <br />the day on which the Agreement is terminated, and the Licensor shall refund to the Licensee <br />the unearned portion of such fee; provided, however, that no refund shall be given if such <br />refund due under this Section is in an amount less than Ten Dollars ($10.00). <br />B. On any termination of this Agreement Licensee, Licensor shall remove from <br />the Property all cattle and any other personal property located on the Property. <br />C. Any termination of this Agreement, however caused, shall be entirely without <br />prejudice to the rights of Licensor that have accrued under this Agreement prior to the date of <br />such termination. <br />SECTION SIX <br />COMPENSATION FOR DAMAGE <br />Licensee further agrees that they will compensate Licensor for any and all damage <br />that may be done to the Property in carrying out the purpose described in Section Two of this <br />Agreement. <br />SECTION SEVEN <br />INSURANCE <br />Licensee agrees at all times to carry adequate liability insurance on the Property for <br />the benefit of Licensor and Licensee as their interest may appear, in an amount of not less <br />than Five Hundred Thousand Dollars ($500,000); and to pay the premiums for such <br />insurance and furnish Licensor with certificates from the insurance companies for the above <br />policy, such insurance company to be acceptable to Licensor. <br />It is specifically agreed that, if Licensee fails to obtain the insurance specified above, <br />Licensor may terminate this Agreement. <br />SECTION EIGHT <br />INDEMNIFICATION OF LICENSOR <br />Licensee shall exercise their privileges under and pursuant to this Agreement at their <br />own risk, and irrespective of any negligence of Licensor, Licensee shall indemnify and hold <br />Licensor harmless from and against any and all liability for damages, costs, losses, and <br />