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~:'i'i", 93': 110869 At least fifteen (15) days before the expiration of each such policy, the Company shall deliver to the Trustee a new and sufficient pol icy to take the place of the on~. so expired, and shall, upon request, provide a copy of said policy to the Issuer. SECTION 5. Application of Proceeds of Insurance. The proceeds of insurance carried pursuant to the first paragraph of Section 4 shall be applied as provided in Section 6 hereof. SECTION 6. pamaqe or Destruction. Unless the provisions of Section 7.01(a) of the Agreement are applicable and the Company has exercised its option to prepay the Notes in whole pursuant to - such provisions, and as long as any Bonds remain outstanding under the terms of the Indenture, if the Project is destroyed, in whole or ln part, or is damaged by fire or other casualty, the Co~pany shall promptly give written notice thereof to the Trustee. J\.ll proceeds of insurance resulting from claims for such losses shall be paid to and held by the Trustee, under the terms of the Indenture, whereupon (i) the Company will proceed promptly to repair, rebuild, or restore the property damaged or destroyed to substantially the same condition as it existed prior to the event causing such damage or destruction, with such changes, alterations, and modifications (including the substitution and addition of other property) as may be desired by the Company and as will not impair th~ operating unity or capacity or the value of the Building as a facili ty for commercial or business enterprise and as will not impair the qualificat.ion of the Project as a "project" under the Act (as defined in the Agreement); and (ii) the Trustee shall 9