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8.1. SR 03-21-2016
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8.1. SR 03-21-2016
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provisions of the Bankruptcy Code; (iv) the assumption will not breach any provision of this <br />Lease; and the assumption will be subject to all of the provisions of this Lease. <br />(d) If Tenant proposes to assume and assign this Lease pursuant to the provisions of <br />the Bankruptcy Code to any person or entity who shall have made a bona fide offer to accept an <br />assignment of this Lease on terms acceptable to Tenant ("Assignment Offer"), no later than <br />thirty (30) days after receipt by Tenant of the Assignment Offer, but in any event no later than <br />ten (10) days prior to the date that Tenant shall move for authority and approval to assume and <br />assign this Lease, Tenant shall provide Landlord with notice of such proposed assignment, <br />setting forth <br />(i) the name and address of the proposed assignee; <br />(ii) all the terms and conditions of such offer; and <br />(iii) adequate assurance to be provided to Landlord to assure the proposed <br />assignee's future performance under this Lease, including, without <br />limitation, the assurances referred to in any applicable provision of the <br />Bankruptcy Code, <br />whereupon, Landlord shall have the right and option, at any time prior to the entry of an order by <br />the Bankruptcy Court approving such proposed assignment, to give Tenant written notice of <br />Landlord's intent to accept an assignment of this Lease upon the same terms and conditions and <br />for the same consideration, if any, as the Assignment Offer, and upon the exercise of such <br />option, Tenant shall withdraw its motion to assume and assign and move to assume and assign <br />this Lease to the person or entity designated by Landlord. <br />(e) If Tenant proposes to assume and assign this Lease pursuant to the provisions of <br />the Bankruptcy Code, the adequate assurance to be provided Landlord to assure the assignee's <br />future performance under this Lease shall include, without limitation: <br />(i) that assignee's use of the Premises will be in compliance with the terms of <br />this Lease; and <br />assurances, in form reasonably acceptable to Landlord, as to all matters <br />identified in any applicable provision of the Bankruptcy Code. <br />ARTICLE 12 <br />DESTRUCTION AND RESTORATION <br />12.1 Restoration. Except as set forth in Section 12.2, Tenant covenants and agrees that <br />in case of damage to or destruction of the Building occurring during the Term by fire or <br />otherwise, Tenant shall promptly notify Landlord and Mortgagee and promptly restore, repair, <br />replace and rebuild the Building as nearly as possible to its condition immediately prior to such <br />damage or destruction and to the standards of first class manufacturing and warehouse buildings <br />of then equivalent class and age in the City, using new materials, with any Tenant requested <br />changes or alterations (subject to Article 18 hereof) or changes required by Applicable Laws. <br />Such restoration, repairs, replacements, rebuilding, changes and alterations, including the cost of <br />19 <br />
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