Approving Lease Agreement between the City of South Bend, South Bend Civiv Center Board of Managers

Home Browse Search

any personal property of Lessee or of Lessee's subtenants or invitees of either or both of them.in the Premises due to theft, mysterious disappearance, fire, windstorm, or other casualty unless any act or omission of Lessors, their employees or agents, shall have prevented Lessee from obtaining and maintaining insurance coverage at reasonable cost against such risks, and in such event Lessors shall have responsibility. Lessee agrees to refrain from acts which are likely to increase the costs of insurance on the building, without first obtaining the written consent of Lessors 12. Lessee has and shall have during the term of this lease the right and power to sublet any part or all of the leased Premises, provided, however that Lessee shall obtain the prior written consent of Lessors in each instance. Any sublease or subleases shall be subject to all of the conditions and limitations of this lease and sublessee(s) take notice hereof. 13. Lessee may at any time during the lease term, subject to the prior written approval of Lessors, make any alterations, additions, or improvements in and to the Premises. Alterations shall be performed in a workmanlike manner and shall not weaken or impair the structural strength, or lessen the value of the building or the premises, or change the purposes for which the Premises may be used. 14. The Lessee shall have a "grace period" of sixty (60) days within which to correct any default hereunder after written notice specifying the default is served upon it by Lessors, and if Lessee shall fail to correct such specified default within said period, then Lessee shall be considered in default under this lease, and the lease may be terminated at the option of the Lessors. Written notice shall be served by -5-