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4.3. Maintenance. (a) PROJECT shall keep all improvements that from time to time may be erected or placed on the premises in a state of good repair on a regular and ongoing basis consistent with the standards of maintenance and repair of comparable facilities, reasonable wear and tear, obsolescence, acts of God and loss by casualty (except to the extent PROJECT is required under this LEASE to repair casualty damage) excepted. Upon termination of this LEASE, PROJECT shall deliver up the Leased Premises then situated thereon in good condition, reasonable wear and tear, obsolescence, acts of God and loss by casualty (except to the extent PROJECT is required under this LEASE to repair casualty damage) excepted. (b) With regard to casualty damage to the Theater, PROJECT shall, as soon as reasonably practicable but in no event later than one hundred eighty (180) days after the date of a casualty, commence the work of repair, reconstruction, and/or replacement of the damaged improvement. Notwithstanding the foregoing sentence, if the casualty occurs after the twentieth (20t") LEASE Year and the extent of damage to the Leased Premises is greater than thirty percent (30%) of the then replacement value thereof (exclusive of the value of the land) PROJECT shall have the option, within one hundred eighty (180) days from the date of the occurrence of such casualty damage, to tenninate this LEASE by giving written notice of such termination to CITY within said 180 -day period, in which event: this LEASE shall terminate as of the termination date specified in such notice to CITY, which shall not be less than thirty (30) days after the date of such notice; PROJECT shall not be required to repair the damage; all insurance proceeds available as a result of such damage shall be paid to and be the property of CITY; and the Parties shall have no further liability or obligations one to the other except as may be expressly provided for herein. 4.4. Operational Rihts ._Revenue. (a) PROJECT shall receive all revenues generated from and associated with the Grand Theater for the duration of the LEASE. (b) Subject to the tenns and provisions of this LEASE, PROJECT shall have full and exclusive control of the management and operation of the Grand Theater, including all booking and catering rights. During the tern of this LEASE, PROJECT shall have the sole right to grant and enter into licenses, rights, subleases, management agreements, operating agreements and any and all other agreements of any nature relating to the Leased Premises or the name thereof on such terms as PROJECT deems appropriate, and PROJECT shall own all revenues of any source generated by or from the Leased Premises or the operation or management or the name thereof. Use.. of Theater. Subject to availability, CITY shall have the right to reserve up to six (6) months in advance the Theater's main performance hall and other smaller rooms. CITY shall be allowed to use the performance hall one (1) time per calendar year and small meeting rooms up to six (6) times per calendar year without paying any room rental fees; provided, however, CITY shall reimburse PROJECT for any damages, and shall make every reasonable effort to use facilities on weekdays instead of weekend days. 6