Operation, Maintenance and Modification by Lessee. The Lessee agrees that during the Lease Term it will, at its own expense, maintain, operate and keep the Project in a safe condition and prevent devaluation of the Project that could result from failure to adequately maintain the Project and avoid waste that could occur from ack of sufficient maintenance. The Lessee may at its own expense, make from time to time any additions, modifications or improvements to the Project it may deem desirable for its business purposes, provided that no changes shall be permitted which would result in a decrease in value of the Project without the prior written consent of the Lessor. No portion of the Project shall be demolished or salvaged without the written approval of the Lessor and written approval of the use of monies resulting from any salvage. Such additions, modifications and improvements shall become part of the Project. Provided however, personal property, machinery, equipment, furniture or fixtures installed by at the Project shall not be owned by the Lessor and will be subject to ad valorem property tax, except to the extent of any industrial tax exemption or other exemption granted under laws existing at the time. Any damage to the Project occasioned by removal of personal property, machinery, equipment, furniture or fixtures installed shall be repaired by the Lessee at its own expense. Lessee will, with reasonable promptness, make all structural and non-structural, foreseen and unforeseen, and ordinary and extraordinary repairs of every kind and nature which may be required to be made upon or in connection with the Project or any part thereof for so long as this agreement is in effect and, thereafter, to the extent necessary to keep and maintain the Project in good repair and appearance. Lessor shall not be required to maintain, repair, or rebuild the Project or any part thereof in any way, or to make any alterations, replacements or renewals of any nature or description to the Project or any part thereof, whether ordinary or extraordinary, structural or non-structural, foreseen or unforeseen, and Lessee hereby expressly waives any right to make repairs at the expense of Lessor, which right may be provided for in any statute or law in effect on the Closing Date or of any other statute or law which may thereafter be enacted.
