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<br /> <br /> <br /> <br /> 36. That, in case of any damage to or destruction of the buildings, structures, and <br /> equipment on the leased premises, or any part thereof, LESSEE will promptly give written notice <br /> <br /> thereof to LESSOR, generally describing the nature and extent of such damage and/or destruction. <br /> 37. In case of any damage to or destruction of the buildings, structures, improvements <br /> <br /> and/or equipment on the leased premises, or any part thereof, LESSEE, shall, whether or not the <br /> insurance proceeds, if any, payable on account of such damage and/or destruction are sufficient for <br /> <br /> such purpose, promptly commence and complete the restoration, repair, and replacement of said <br /> buildings, structures, improvements and/or equipment on the Leased Premises as nearly as <br /> <br /> possible to their value, condition, and character immediately prior to such damage and/or <br /> destruction, with such alterations and/or additions thereto as may be approved in writing by <br /> <br /> LESSOR (hereinafter sometimes referred to as the "Restoration"). All costs and expenses related <br /> to the Restoration shall be the sole responsibility of LESSEE. <br /> <br /> All insurance proceeds, if any, payable on account of such damage to or destruction of the <br /> leased premises, buildings, structures, and equipment on the leased premises shall be payable to <br /> <br /> LESSOR. LESSOR shall be protected in acting upon any certificate believed by LESSOR to be <br /> genuine and to have been executed by the proper party and shall receive such certificate as <br /> <br /> conclusive evidence of any fact or as to any matter therein set forth. Such certificate shall be full <br /> warranty, authority, and protection to LESSOR in acting thereon, and LESSOR shall be under no <br /> <br /> duty to take any action other than as set forth in this paragraph. <br /> 38. Insurance proceeds received by LESSOR on account of any damage to the leased <br /> <br /> premises or any improvements thereon (less the costs, fees, and expenses incurred by LESSOR <br /> and LESSEE in the collection thereof, including, without limitation, adjuster's and attorney's fees, <br /> <br /> court costs and other related expenses), shall be applied as follows: <br /> A. Net insurance proceeds as above defined shall be paid to LESSEE or as LESSEE <br /> <br /> may direct to LESSEE's Contractor from time to time as Restoration progresses to <br /> pay (or reimburse LESSEE for) the cost of Restoration, upon written request of <br /> <br /> LESSEE to LESSOR accompanied by (1) certificate of a supervising architect or <br /> engineer approved by LESSOR, describing in reasonable detail the work and <br /> <br /> material in question and the cost thereof, stating that the same were necessary or <br /> appropriate to the Restoration and constitute a complete part thereof, and that no <br /> <br /> part of the cost thereof has theretofore been reimbursed, and specifying the <br /> Hangar Lease Agreement - page 14 <br /> <br /> <br /> <br /> <br /> <br /> - 20v` <br />