The proceeds of any claim (or payment from the Board in respect of uninsurable risks) will first be used to pay off any liability to any third party or employers' liability or, in the case of other types of insurance (say, insurance of damaged buildings) to ensure that the Contractor can continue to fulfil its obligations by restoring and replacing any necessary Facilities or goods. Where the Facilities are destroyed and the insurance proceeds are equal to or greater than the amount required to repair or reinstate the Facilities, an Economic Test shall be carried out comparing the reinstatement default level set for the project against the senior debt loan life cover ratio to determine whether the project should be "reinstated" or not. If the Economic Test is not met, (i.e. if the senior debt loan life cover ratio is less than the reinstatement default level set for the project) then the insurance proceeds will be used to compensate the Contractor, with the balance of any such compensation over and above the Base Senior Debt Termination Amount to be paid by the Board.