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limitation, all monthly charges allocated to common area maintenance, insurance, real property taxes, and utility <br />charges) and any other payments; <br />iii. Each assignee shall have submitted to Landlord a current financial statement, audited by a <br />certified public accountant, showing a net worth and working capital in amounts determined by Landlord to be <br />sufficient to assure the future performance by such assignee of Tenant's obligations hereunder; <br />iv. Each assignee shall have submitted to Landlord, in writing, evidence satisfactory to Landlord of <br />substantial experience in operating a business similar to that offered by Tenant and permitted under Section 1.1(c) of <br />this Lease or a business otherwise requested by the Landlord and in operating said business in a space or volume <br />comparable to that contemplated under this Lease; <br />V. The business reputation of each assignee shall meet or exceed generally acceptable commercial <br />standards; <br />vi. The use of the Premises by each assignee shall not violate, or create any potential violation of, <br />applicable Laws, codes or ordinances, nor violate any other agreements affecting the Premises, Landlord or other <br />occupants in the Building; and <br />vii. Tenant shall pay Landlord the sum of $1,000.00 as reimbursement to Landlord for administrative <br />and legal expenses incurred by Landlord in connection with any such assignment. <br />(c) In the event that Tenant desires to assign this Lease, Tenant shall give notice to Landlord setting <br />forth the terms of the proposed assignment. Tenant shall advise Landlord of the name of the proposed assignee, <br />shall furnish Landlord with the information required by Landlord with respect to the proposed assignee, and <br />Landlord shall advise Tenant, within sixty (60) business days after receipt of such notice and all required . <br />information from Tenant, that Landlord either consents or refuses to consent to an assignment to the proposed <br />assignee. <br />(d) Notwithstanding the foregoing, Tenant may assign this Lease to an entity created by or on behalf <br />of Tenant for the purpose of operating a business described in Section 1.1(c) on the Premises; provided that any <br />assignment shall not be effective or deemed valid unless, at the time of such assignment: <br />i. Each assignee shall have assumed the obligations of this Lease by executing, acknowledging and <br />delivering to Landlord, before the effective date of such assignment, a written assumption agreement in form and <br />substance reasonably satisfactory to Landlord; <br />ii. Tenant shall have executed and submitted to Landlord a personal guaranty of this Lease in the <br />form attached hereto as Exhibit F. with such changes as deemed appropriate by Landlord at the time of the <br />assignment. The executed assignment and guaranty shall be recorded with reference to this Lease; <br />iii. Each assignee shall have delivered to Landlord evidence of its organization and existence and of <br />its good standing under Indiana law; and <br />iv. Tenant shall pay Landlord the sum of $100.00 as reimbursement to Landlord for administrative, <br />recording and legal expenses incurred by Landlord in connection with any such assignment. <br />13.2. Assignment by Landlord. Landlord, at any time and from time to time, may assign its interest in <br />this Lease, and, if (a) Landlord assigns its interest in this Lease; and (b) the assignee assumes all of the obligations <br />of Landlord under the terms and conditions of this Lease; then Landlord and its successors and assigns (other than <br />the assignee of this Lease) shall be released from any and all liability hereunder. <br />ARTICLE XIV. <br />Is MISCELLANEOUS <br />-19- <br />F.- lDAT AISHAREUgaAWpdatat5EPtEconomic DevelopmentlBillie'sIS'tate CafelState Cafe Lease (version S) -doc <br />