(a) (Notification of loss or damage): Project Co must:
(i) promptly notify the State of any loss or damage to the Project Assets of which it becomes aware (other than damage that is Minor Damage), including details of the nature and extent of such loss or damage; and
(ii) subject to allowing reasonable time for inspection by insurers, take immediate steps to clear any debris, make the Project Area and the Project Assets safe and do any other things necessary to ensure that Project Co complies with its obligations under clauses 44.3(d) and 44.3(e).
(b) (Loss or damage election): If the loss or damage:
(i) is loss or damage to all or substantially all of the Project Assets (Major Loss or Damage), within 60 Business Days after such Major Loss or Damage (or such other period as reasonably required by the State having regard to the degree of loss or damage and the nature and extent of any repair or reinstatement required); or
(ii) is not:
A. Major Loss or Damage; or
B. Minor Damage,
within 30 Business Days after such loss or damage,
the State must notify Project Co that:
(iii) it requires Project Co to repair or reinstate the relevant Project Assets the subject of the loss or damage and whether it requires Project Co to repair or reinstate the Project Assets to:
A. the then current design specifications and standards of the lost or damaged Project Assets; or
B. different design specifications and standards to those referred to in clause 42.2(b)(iii)A; or
(iv) it does not require Project Co to repair or reinstate the Project Assets the subject of the loss or damage, in which case clause 42.5 will apply.
(c) (Minor Damage): Project Co must promptly repair any Minor Damage.