My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
6C(1)
sbend
>
Public
>
Redevelopment Commission
>
Agendas & Packets
>
2014
>
10-16-14 Redevelopment Commission Meeting
>
6C(1)
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
10/13/2014 2:19:38 PM
Creation date
10/13/2014 2:19:35 PM
Metadata
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
14
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
Show annotations
View images
View plain text
a sprinkler leakage or water damage policy regardless of whether or not such coverage is being carried by the releasing party, <br /> and <br /> (b) to the extent of recovery under any other casualty,which accident,occurrence or casualty may have resulted in whole or in part <br /> from any act or neglect of the released party,its officers,agents or employees;and insofar as Tenant is the releasing party,it will <br /> also release the other tenants in the Building from any such liability as if the other tenants were each a released party under this <br /> section. Notwithstanding anything contained in this Lease to the contrary,Landlord shall not be liable for any damage to person <br /> or party arising from the negligent act or omission of any other tenant or occupant of the Building,and Tenant hereby expressly <br /> waives any claim for such damages. <br /> ARTICLE IX-DESTRUCTION OR DAMAGE TO PREMISES <br /> SECTION 9.1. PARTIAL OR TOTAL DESTRUCTION OF BUILDING. In the event the Building comprising the Premises shall be <br /> partially or totally destroyed by fire,explosion or other casualty,insurable under standard fire and extended coverage insurance,so as to <br /> become partially or totally tenantable,the same shall be repaired as soon as possible at the expense of Landlord,unless Landlord shall <br /> elect not to rebuild as hereinafter provided,and a proportionate part of the Rent in proportion to the portion of the Premises which are <br /> rendered untenantable shall be abated until so repaired. If the damage is substantial,Landlord shall have a period of thirty(30)days after <br /> the occurrence of any such casualty to decide whether or not the Building and Premises shall be repaired. In the event Landlord elects <br /> not to rebuild and repair, this Lease shall terminate effective as of the date of the casualty and any prepaid Rent or CAM shall be <br /> proportionately refunded to Tenant within thirty(30)days. In the event Landlord decides to rebuild and repair,it shall proceed as rapidly <br /> as possible to begin and complete those repairs;Provided,however,that such repairs shall be completed within sixty(60)days of award <br /> of a construction contract,and the Rent and CAM shall continue to be proportionately abated until the repair is completed,at which time <br /> regular Rent and CAM payments shall be due and payable. <br /> SECTION 9.2. RIGHTS ON TERMINATION. In the event of the termination of this Lease under the provisions in this Article <br /> contained,all rent shall be adjusted to the date of such damage or destruction and all liabilities and obligations under this Lease shall be <br /> immediately terminated. <br /> ARTICLE X-EMINENT DOMAIN <br /> SECTION 10.1. CONDEMNATION. If twenty percent(20%)or more of the Premises shall be taken by public authority,under the <br /> power of eminent domain,Tenant may cancel this Lease by written notice of such termination and,thereupon,this Lease,and the Term <br /> herein demised,shall cease and terminate. <br /> SECTION 10.2. DAMAGES. All damages awarded for such taking under the power of eminent domain,whether for the whole or <br /> a part of the Premises,shall be the property of Landlord;provided,however,that Landlord shall not be entitled to any award made to <br /> Tenant for diminution in value or loss of the leasehold,loss of business,and depreciation to and cost of removal of stock and fixtures. <br /> SECTION 10.3. PUBLIC AUTHORITY AND EMINENT DOMAIN DEFINED. The term"public authority"as used in this Article shall <br /> include any corporation,firm or association,whether publicly or privately owned,having the statutory power of eminent domain. The <br /> term "eminent domain"shall include the exercise of any similar governmental power and any purchase or other acquisition in lieu of <br /> condemnation. <br /> SECTION 10.4. RIGHTS ON TERMINATION. In the event of the termination of this Lease under the provisions in this Article <br /> contained,all Rent and CAM shall be adjusted to the date of such termination and all liabilities and obligations under this Lease shall be <br /> immediately terminated. <br /> ARTICLE XI—REMEDIES <br /> SECTION 11.1. DEFAULT. The occurrence of any one or more of the following events constitutes a default("Default") by <br /> Tenant under this Lease: <br /> (a) After ten(10)days,failure by Tenant to pay when due any Rent or CAM as provided in this Lease; <br /> -6- <br />
The URL can be used to link to this page
Your browser does not support the video tag.