Description of problem: 

The Loki Operator takes 2-3 minutes, which is the worst non-graceful lease acquisition time, to become operational after a pod restart due to leader election lease timeout. This affects operator availability during upgrades and redeployments.

Version-Release number of selected component (if applicable): 

How reproducible:

Steps to Reproduce:

1. Redeploy the loki operator with 

   make olm-undeply
   make olm-deploy

1. Observe the Loki Operator pod logs

Actual results:

2-3 minutes of waiting time to acquire leader lease

Expected results:

It shouldn't always take the worst non-graceful timeout

Additional info: