Laserfiche WebLink
Lease), or restoration cannot be completed within five years from the date of the Casualty <br />L;vent, Landlord shall apply (or cause to be applied) the Casualty Insurance Proceeds or <br />the Builder's Risk Insurance Procccds as required by the Trust Agreement, and the <br />balance thereof, if any is remaining, shall be applied in furtherance of the Project. <br />(C) In the event of a determination by the Professional that the cost of restoration <br />exceeds the Casualty hlsurance Proceeds or the Builder's Risk Insurance Proceeds, then Landlord <br />shall take any and all such actions as permitted by and subject to Indiana law to promptly fund <br />the shortfall. Except to the extent provided in Section 7.2(B)(ii) of this Lcasc, Landlord shall <br />take any and all actions required by the "frusl Agreement in order to ensure that the Casualty <br />Insurance Procccds or the Builder's Risk Insurance Proceeds arc applied to the restoration of the <br />Demised Premises. <br />ARTICLL; VIII. <br />EMINhN"I' DOMAIN <br />Section 8.I. "f0"I'AL TAKING. If during the Demised Term the entire Demised <br />Premises shall be taken by an exercise of the power of eminent domain (hereinafter referred to as <br />a "Proceeding"), this Lease shall terminate as of the date of the vesting of title in the taking <br />authority pursuant to such Proceeding. <br />Section 8.2. PARTIAL TAKING. If during the Demised Term less than the entire <br />Demised Premises shall be taken in any such Proceeding, this Lease shall terminate as to the <br />portion of the Demised Premises so taken upon the vesting of title in the taking authority <br />pursuant to the Proceeding and this Lease shall continue as to the remainder of the Demised <br />Premises. <br />Section 83. hI:MPORARY TAKING. If all or any portion of the Demised Premises is <br />taken by the exercise of the right of eminent domain for governmental occupancy for a limited <br />period, this Lease shall not terminate and Tenant shall continue to perform its obligations <br />hereunder as though such taking had not occurred except to the extent that it may be prevented <br />from so doing pursuant to the terms of the order of the authority which made the taking. In the <br />event of such a temporary taking, Tenant shall be entitled to the entire award made for such <br />taking (whether paid by way of damages, rent or otherwise). <br />Section 8.4. AWARD. Tenant shall be entitled to the entire award Isom the <br />condemning authority attributable to the value of the Demised Premises and any improvements <br />located thereon and Landlord shall make no claim. <br />ARTICI,I? [X. <br />ASSIGNMENI~ AND SUBLETTING <br />Landlord shall not assign this Lease or sublet the Demised Premises or mortgage or <br />otherwise encumber any interest therein to any person or entity without Tenant's prior written <br />consent. Landlord acknowledges that (i) the Sublease may not be amended without "tenant's <br />prior written consent, (ii) the term of the Master Lease and the Sublease may not extend beyond <br />-7- <br />