The Net Proceeds shall be made available to ​ for Restoration upon the approval of ​ in its reasonable discretion that the following conditions are met or waived in writing by ​:

If the Net Proceeds and the costs of completing the Restoration shall both be less than the Restoration Threshold, the Net Proceeds will be disbursed by ​ to ​ upon receipt, provided that all of the conditions set forth in [Section 6.4(b)(i)] are met and ​ delivers to ​ a written undertaking to expeditiously commence and to satisfactorily complete with due diligence the Restoration in accordance with the terms of this Agreement.