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19.2 City Attorney May Modify. The City Attorney may modify the type and amounts <br />of insurance required pursuant to this Section. Notwithstanding the foregoing, so long as <br />the Property complies with the Senior Lender's insurance requirements, the City Attorney <br />will not require additional insurance coverage unless (i) such additional insurance is <br />required by applicable law or (ii) if not required by additional law, such additional <br />insurance shall only be required if it is readily available on commercially reasonable terms <br />and the cost thereof can be borne by the Borrower from available Borrower revenues <br />without causing the Borrower to default under the Senior Loan or the Partnership <br />Agreement. <br />19.3 Claims and Proceedings. Developer shall give City immediate notice of any <br />material casualty to any portion of the Property, whether or not covered by insurance, and <br />of the initiation or threatened initiation of any proceeding for the condemnation or other <br />taking for public or quasi -public use of any portion of the Property (collectively, <br />"Condemnation"), and shall provide City with copies of all documents which pertain to any <br />such casualty or Condemnation. Subject to the rights of any Senior Lender, Developer shall <br />take all action reasonably required by City in connection therewith to protect the interests <br />of Developer and/or City, and City shall be entitled (without regard to the adequacy of its <br />security) to participate in any action, claim, adjustment or proceeding and to be represented <br />therein by counsel of its choice. Developer shall not settle, adjust, or compromise any <br />claim, action, adjustment or proceeding without prior written approval of Senior Lender, if <br />any, or if there is not a Senior Lender, the City, which approval shall not be unreasonably <br />withheld or delayed. <br />19.4 Delivery of Proceeds to City. In the event that, notwithstanding the "lender's loss <br />payable endorsement" requirement set forth above, the proceeds of any casualty insurance <br />policy described herein are paid to Developer, Developer shall, subject to any superior <br />rights of the Senior Lender, deliver such proceeds to the City immediately upon receipt. <br />19.5 Anulication of Casualty Insurance Proceeds. Any proceeds collected (the <br />"Proceeds") under any casualty insurance policy described in this Agreement shall be <br />disbursed to Developer as provided in the Senior Loan Documents, provided if there is no <br />Senior Loan then as provided below, but only upon fulfillment of each of the following <br />conditions (the "Restoration Conditions") within ninety (90) days (unless extended by <br />mutual agreement of Developer and City) following the occurrence of the damage for <br />which the Proceeds are collected: <br />(a) Developer shall demonstrate to City's reasonable satisfaction that <br />the Proceeds (together with amounts deposited by Developer pursuant to <br />subparagraph (b)) will be adequate to repair the Improvements and to restore the <br />fair market value of the ,Property, within a time period reasonably determined by <br />City, to at least the value it had immediately prior to sustaining the damage. Such <br />demonstration shall include delivery to City of (i) plans and specifications <br />reasonably satisfactory to City, and (ii) a construction contract in form and content, <br />and with a contractor, reasonably satisfactory to City. <br />(b) To the extent that the Proceeds are insufficient to accomplish the <br />restoration required above, Developer shall deliver to City funds (the "Shortfall <br />