Event of Loss with Respect to the Facility Sample Clauses

Event of Loss with Respect to the Facility. (a) If during the Lease Term, the Facility or any portion thereof is damaged, destroyed or rendered unfit for normal use by fire, theft, material defect not subject to a Warranty claim, damage, destruction, or other casualty (other than ordinary use and wear and tear) or is appropriated, confiscated, condemned, expropriated, nationalized, seized or otherwise taken (an “Event of Loss”), Lessee shall promptly notify Lessor and take reasonable, prompt and diligent action in an effort to prevent or mitigate, as much as practicable, further damage, injury, or loss. (b) Subject to Lessor’s rights in Section 10.3, promptly after its receipt of a notice from Lessee of an Event of Loss, Lessor shall initiate such commercially reasonable actions as are necessary to repair or reconstruct the Facility. At least [***] prior to completion of the work required to restore the Facility, Lessor shall provide a completed Form Lease Supplement to Lessee. Within the Lease Supplement Review Period, Lessee shall provide any comments it has to such submitted Form Lease Supplement; provided, however, that absent manifest error, the completed Form Lease Supplement provided by Lessor shall be accepted by Lessee. If Lessee notifies Lessor that it disputes any of the information included in the submitted Form Lease Supplement within the Lease Supplement Review Period, then the Parties will review any such dispute in accordance with the provisions set forth in Section 15.8(a). If Lxxxxx notifies Lessor that it does not dispute any of the information included in the submitted Form Lease Supplement, or if Lessee does not respond to Lessor’s submitted Form Lease Supplement before the expiration of the Lease Supplement Review Period, such submitted Form Lease Supplement shall be accepted by the Parties as the Lease Supplement. On the date that the work associated with restoring the Facility is completed, the Lease Supplement associated with such restoration of the Facility shall automatically update this Lease Agreement and be binding on the Parties. Notwithstanding the foregoing, if an Event of Loss is for less than [***], Lessee may begin resolving such Event of Loss and any related insurance claim directly without Lessor’s prior written consent to the repair and restoration work, provided that Lessee notifies Lessor of such Event of Loss, any insurance claim, and the status of any repair or restoration work as soon as commercially practical.