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7.3 No Rental Abatement. Tenant shall not be entitled to any abatement, allowance, <br />reduction, or suspension of Rent because part or all of the Improvements become untenantable as <br />a result of the partial or total destruction of the Improvements, and Tenant's obligation to keep and <br />perform all covenants and agreements on its part to be kept and performed hereunder, shall not be <br />decreased or affected in any way by any destruction of or damage to the Improvements; except as <br />otherwise provided herein. <br />7.4 Application of Insurance Proceeds. If following the occurrence of damage or <br />destruction to the Premises or Improvements, Tenant is obligated to or determines that there are <br />adequate proceeds to restore the Premises and Improvements pursuant to this Article VII, then all <br />proceeds from the insurance required to be maintained by Tenant on the Premises and the <br />Improvements shall be applied to fully restore the same, and, any excess proceeds shall be paid to <br />Tenant and any deficit in necessary funds plus the amount of any deductible shall be paid by <br />Tenant. If Tenant after commencing or causing the commencement of the restoration of Premises <br />and Improvements shall determine that the insurance proceeds are insufficient to pay all costs to <br />fully restore the Improvements, Tenant shall pay the deficiency and shall nevertheless proceed to <br />complete the restoration of Premises and the Improvements and pay the cost thereof. Upon lien <br />free completion of the restoration, any balance of the insurance proceeds remaining over and above <br />the cost of such restoration shall be paid to Tenant. <br />7.5 Exclusive Remedies. Notwithstanding any destruction or damage to the Premises <br />and/or the Improvements, Tenant shall not be released from any of its obligations under this Lease, <br />except to the extent and upon the conditions expressly stated in this Article VII. Lessor and Tenant <br />hereby expressly waive the provisions of California Civil Code Sections 1932(2) and 1933(4) with <br />respect to any damage or destruction of the Premises and/or the Improvements and agree that their <br />rights shall be exclusively governed by the provisions of this Article VII. <br />ARTICLE VM <br />INSURANCE AND INDENINITY <br />8.1 Insurance. The Tenant, to protect the Lessor against any and all claims and <br />liability for death, injury, loss and damage resulting from the Tenant's actions in connection with <br />this Lease, the Premises and the Project, shall, at the Tenant's sole cost and expense, throughout <br />the term of the Lease of the Premises, maintain the following insurance (or its then reasonably <br />available equivalent), as applicable: (a) Liability Insurance; (b) Property Insurance; (c) Builder's <br />Risk Insurance; and (d) Worker's Compensation Insurance. Additionally, the Tenant, to protect <br />the Lessor, shall cause its contractors and subcontractors, at their sole cost and expense, until <br />issuance of a Certificate of Completion for the Project, to maintain Contractor's Insurance. <br />8.1.1 Nature of Insurance. All Liability Insurance, Property Insurance, Automobile <br />Liability Insurance and Contractor's Insurance policies this Lease requires shall be issued by <br />carriers that: (a) are listed in the then current `Best's Key Rating Guide—property/Casualty— <br />United States & Canada" publication (or its equivalent, if such publication ceases to be published) <br />with a minimum financial strength rating of "A" and a minimum financial size category of "VII'; <br />Page 119 <br />75A-66 <br />