Repair and Replacement by Tenant. (1) If the Building from time to time standing on the Demised Premises, or any equipment, machinery and other facilities are totally or partially destroyed by any cause whatsoever, there shall be no abatement of Rent and the Tenant shall repair, replace, rebuild or restore same with all reasonable diligence, and the Tenant shall not be entitled to use the Reserve Fund in respect thereof. . Any new Building shall have a cost of not less than the Replacement Cost of the Building damaged or destroyed. The Tenant shall first submit its plans to the Landlord for approval and such plans shall be approved by the Landlord acting reasonably to the extent required herein and provided that all of the terms of this Lease continue to be complied with. The Landlord shall either approve of such plans or advise the Tenant of any changes to be made, acting reasonably, within ten (10) Business Days of the receipt of such plans, failing which the Landlord shall be deemed to approve of such plans. The Tenant shall deliver such assurances as the Landlord may reasonably require with respect to any aspect of the said repair, rebuilding or replacement.
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