Any insurance proceeds received in respect of repairing or reinstating damage to the site, works or facility must be dealt with in accordance with section 22.1.98 Upon settlement of a claim for any other property loss or damage under any required insurance where government did not have an insurable interest, the private party must pass through to government the benefit of the insurance where government has suffered a loss for which government has been indemnified by the private party under the project agreement.
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98 The requirement to repair and reinstate is subject to section 22.2.2 and to the terms of the financiers' tripartite deed.