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Dk Vol F's i i6t]?441 ~ DF'R 249i i 624 days prior written notice to Lessor and (iii) provide that any loss otherwise payable thereunder shall be payable notwithstanding any act or negligence of the named insureds which might, absent such agreement, result in a forfeiture of all or a part of such insurance payment. On the Operational Date and thereafter as Lessor may require, Lessee shall provide Lessor with certificates of insurance, or other evidence and documentation, acceptable to Lessor evidencing Lessee's full compliance with the insurance requirements of this Lease. If requested by Lessor, Lessee shall provide Lessor with certified copies of any of the required policies. Lessee shall promptly pay all premiums when due on such insurance and not less than fifteen (15) days prior to the expiration date of each such policy, deliver to Lessor acceptable evidence of insurance, such as a renewal policy or policies marked "Premium Paid", or other evidence satisfactory to Lessor, reflecting that all required insurance is current and in force. Lessee will immediately give notice to Lessor of any cancellation of, or change in, any insurance policy required to be maintained hereunder. Lessee may satisfy any insurance requirement hereunder by providing one or more "blanket" insurance policies provided same is reasonably acceptable to Lessor. 6.5 WAIVER. LESSOR AND LESSEE HEREBY WAIVE ALL CLAIMS, RIGHTS OF RECOVERY AND CAUSES OF ACTION THAT EITHER PARTY OR ANY PARTY CLAIMING BY, THROUGH OR UNDER SUCH PARTY BY SUBROGATION OR OTHERWISE MAY NOW OR HEREAFTER HAVE AGAINST THE OTHER PARTY OR ANY OF THE OTHER PARTY'S PRESENT AND FUTURE SUBSIDIARIES, AFFILIATES, PARTNERS, OFFICERS, DIRECTORS, EMPLOYEES, DIRECT OR INDIRECT STOCKHOLDERS, AGENTS, OTHER REPRESENTATIVES, SUCCESSORS AND ASSIGNS FOR LOSS OR DAMAGE TO PROPERTY OF LESSOR AND LESSEE, EVEN IF CAUSED BY THE NEGLIGENCE OR FAULT OF THE RELEASED PARTY OR ITS PARTNERS, DIRECTORS, OFFICERS, EMPLOYEES, AGENTS OR REPRESENTATIVES, TO THE EXTENT THAT THE LOSSES OR DAMAGES ARE COVERED BY THE INSURANCE POLICIES ACTUALLY MAINTAINED PURSUANT TO SECTION 6.3 OF THIS LEASE. 6.6 Adjustment of Losses. Any loss under any such insurance policy required under Section 6.3 hereof shall be made payable to Lessor for the benefit of Lessee and Lessor, to the end that Lessor shall be entitled to collect all money due under such insurance policies payable in the event of and by reason of the loss of or damage to the Leased Premises, to be applied pursuant to Section 6.7 below. Any accumulation of interest on the insurance proceeds collected by Lessee shall be added to, and become a part of, the fund being held by Lessor for the benefit of Lessor and Lessee. The adjustment of losses with the insurer shall be made by Lessor. 6.7 Application of Proceeds of Pr_pertv Insurance. All proceeds payable pursuant to the provision of any policies of property insurance required to be carried under the terms of this Lease (net of reasonable expenses of collection) shall be applied for the following purposes: (a) All such net proceeds shall first be used, subject to any other terms and conditions contained in this Lease, to fund the rebuilding, restoration and repair of the portion of the Leased Premises which have become destroyed or damaged for which such proceeds are payable, such funds to be released by Lessor to Lessee on such teens and conditions as Lessor may reasonably require; and C-12 803273.4