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covered by said policies (or by policies required to be carried hereunder by such party) whether or not such damage or loss shall have been caused by any acts or omissions of the other parry. Section 10.07 The policies of insurance required to be maintained by Tenants under this Article 10 shall (a) name Tenants as the insured and Landlord and Landlord's Lenders (if any) as additional insureds, as their interests may appear, and (b) include primary coverage in favor of all additional insureds (and with provisions that any other insurance carried by any additional insured or Landlord shall be non-contributing and that naming Landlord and the additional parties listed above in this Section as additional insureds shall not negate any right Landlord or such parties would have had as claimants under the policy if not so designated). The business interruption insurance required pursuant to Section 10.01 shall name Landlord and Landlord's Lenders as loss payees. All insurance policies required under this Article 10 shall also provide that the beneficial interest of Landlord in such policies shall be fully transferable. In the event Tenants fails to procure or maintain any policy of insurance required under Article 10, or if the insurance company or coverages provided fail to meet the requirements contained in this Article 10, Landlord may, at its option, purchase such insurance and charge Tenants all costs and expenses incurred in procuring and maintaining such insurance. Section 10.08 Tenants shall provide to Landlord, beginning on the Commencement Date and continuing annually thereafter, certificates (or other evidence reasonably requested by Landlord) from all applicable insurance carriers evidencing the payment of premiums or accompanied by other evidence of such payment (e.g., receipts, canceled checks) in form reasonably satisfactory to Landlord. Each insurance policy required to be carried by Tenants hereunder shall include a provision requiring the insurer to provide Landlord with not less than thirty (30) days' prior written notice of cancellation. Upon the occurrence of both of the following events, Tenants shall pay insurance premiums to Landlord no later than thirty (30) days prior to the date such premiums are due in lieu of payment directly to the applicable the insurance carriers: (i) delivery to Tenants of a written request therefor from Landlord, and(ii)the occurrence and continuance of any Default under this Section 10.08 by Tenants, or any occurrence and the continuance of any Event of Default under any provision in this Lease. Any insurance premiums timely paid by Tenants to Landlord pursuant to this Section shall be applied towards payment of the insurance premium next coming due when such premiums are due and payable. ARTICLE 11 DAMAGE OR DESTRUCTION Section 11.01 If at any time during the Lease Term, the Demised Property or any part thereof shall be damaged or destroyed by fire or other casualty of any kind or nature, Tenants shall promptly apply for all permits required by applicable Law, but in any event not later than sixty (60) days after the first date of such damage or destruction, and, upon issuance of such permits, thereafter diligently proceed to repair, replace or rebuild the Demised Property as nearly as possible to its condition and character immediately prior to such damage, with such variations and Alterations requested by Landlord as may be permitted under (and subject to the provisions of)Article 6 (the "Restoration Work"). 15