to the satisfaction of Authority. Such repairs, replacements or rebuilding shall be made by Concessionaire at Concessionaire's sole cost and expense, in accordance with Authority's requirements; provided that, prior to commencing construction, Authority may require Concessionaire to furnish a performance and payment bond and builder's risk insurance, all of which shall be in such amounts and in such form as shall be acceptable to Authority in its sole discretion. Upon compliance with the foregoing, and after settlement shall have been made with the insurance company or companies and said proceeds of such insurance policy or policies shall have been paid jointly to Concessionaire and Authority, Concessionaire shall commence such repair, replacements, or rebuilding within a reasonable time and shall continue such work with reasonable diligence until completion.

Upon receipt by Concessionaire of the proceeds of any insurance policy or policies, the proceeds shall be deposited in an escrow account approved by Authority so as to be available to pay for the cost of such repair, replacement, or rebuilding. Such proceeds shall be disbursed during construction to pay the costs of such work. If the amount of such insurance proceeds is insufficient to pay the costs of the necessary repair, replacement or rebuilding of such damaged improvements, Concessionaire shall pay any additional sums required into said escrow account. If the amount of such insurance proceeds is in excess of the costs thereof, the amount of such excess shall be remitted to Concessionaire.

Should the improvements on the Premises be damaged or destroyed in whole or in part by fire or other casualty, Concessionaire, may, subject to approval by Authority at its sole discretion, be relieved of the obligation to repair, replace, or rebuild the same and have the right to cancel this Agreement. In such event, Concessionaire shall provide Authority written notice within thirty (30) days after the date of any such damage or destruction and, upon approval by Authority, this Agreement shall terminate, and the insurance proceeds received or receivable under any policy of insurance shall be paid to and retained by Authority. All fees payable under this Agreement shall be prorated and paid to the date of such termination. The receipt and acceptance of insurance proceeds by Authority under this Article 20.5 will relieve Concessionaire from any responsibility to restore the Premises to their former condition, and Concessionaire further waives any claim against Authority for damages or compensation, should this Agreement be so terminated.

Except as otherwise provided in this Agreement, in the event that the Premises or any part thereof shall be destroyed or damaged in whole or part by fire, water, or any other cause, or if any other casualty or unforeseen occurrence shall likewise render the fulfillment of this Agreement by Authority impossible, then thereupon this Agreement shall terminate and Concessionaire shall pay fees for said Premises only up to the time of such termination, and Concessionaire shall hereby waive any claim for damages or compensation should this Agreement be so terminated.

Concessionaire shall at all times comply with applicable Federal, State, and local laws and regulations, Airport Rules and Regulations, all applicable health rules and regulations, and other mandates whether existing or as promulgated from time to time by the federal, state, or local

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