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LESSOR shall give written notice to LESSEE, ofLESSOR's intention to terminate the LEASE within <br />A TRUE COPY <br />sixty (60) days, unless LESSEE can demonstrate that LESSEE has made CE TIFICAtTaON ONSITI��F <br />sh", TyRk <br />diligent effort to commence or continue bona fide construction work, failing which this LEASE shall <br />terminate at the end of said sixty (60) day period, and any and all remaining insurance proceeds <br />(whether held by LESSOR, the leasehold mortgagee, or otherwise) shall be applied, first, to <br />completing the required Restoration, and second, to paying off the leasehold mortgage (but only to <br />the extent the leasehold mortgage secures amounts actually spent by LESSEE on improvements to <br />the Premises, plus interest), and third, to LESSOR. <br />Section 11.3. Major Damage Due to Uninsurable Cause or Near End of LEASE Term. <br />If any building or buildings are damaged and: <br />(a) such damage: (1) occurs by a cause, such as war or nuclear attack, not of the type which <br />LESSEE is required to provide coverage for, and which is not covered by any insurance policy carried <br />by LESSEE; or (2) the damage occurs after the end of the Term; and <br />(b) the building or buildings are damaged so as to collectively require, for Restoration, an <br />estimated expenditure of more than ten percent (10%) of the full insurable value of all buildings on <br />the Premises immediately prior to the casualty (as determined by an "Independent Architect as defined <br />above), then: <br />LESSEE shall have the option to elect to terminate this LEASE by providing written notice <br />to LESSOR, in the manner provided herein, within six (6) months of the date of said casualty. <br />If LESSEE does not so exercise this option to terminate, then: (1) LESSEE shall, at its own <br />cost and expense, promptly repair, replace, and rebuild it, at least to the extent of the value and as <br />nearly as practicable to the character of the Premises and improvements existing immediately prior <br />to the occurrence of such damage; (2) LESSEE's Restoration shall be made in accordance with the <br />Page 23 of 41 <br />