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07-13-15 Agenda, Packet & Committee Meeting Notice
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07-13-15 Agenda, Packet & Committee Meeting Notice
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City Council - City Clerk
City Council - Document Type
Agendas
City Counci - Date
7/13/2015
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replacements, and extensions thereof, and to all advances made or hereafter to be made on the <br />security of any such mortgage. Notwithstanding the foregoing, the mortgagee under any such <br />mortgage may recognize this Master Lease and, in the event of a foreclosure sale under such <br />mortgage or conveyance by deed in lieu of foreclosure, this Master Lease shall continue in full <br />force and effect at the option of the mortgagee or purchaser under any such foreclosure sale or <br />deed in lieu thereof. <br />8. Assignment and Subletting. Neither Tenant nor Landlord may assign or transfer <br />all or any part of its right and interest under this Master Lease without the prior written consent <br />of the other party. However, the Tenant shall have the right to assign or transfer all or any part <br />of its right and interest under this Master Lease, and may sublet or permit the use and occupancy <br />of all or any part of the Premises (subject, however, to rights of Landlord hereunder) without the <br />written consent of the Landlord to any legal affiliate or department of the City of South Bend. In <br />the event of any subletting of the space to any legal affiliate or department of the City of South <br />Bend, the Tenant shall pay market rent plus all operating expenses and utilities incurred as a part <br />of its occupancy of the Premises as referenced in Section 5 above. <br />9. Untenantability. If the Premises or the Building are made untenantable by fire or <br />other cause, the Landlord may elect (a) to terminate this Master Lease as of the date of such <br />casualty by notice to the Tenant within thirty days after that date, or (b) to repair all damage to <br />the Premises or the Building so that the same shall be restored to such condition as existed <br />immediately prior to such damage. If the Landlord elects to terminate this Master Lease, the <br />Rent shall be abated on a per -diem basis and be paid to the date of the fire or casualty. If the <br />Landlord elects to restore the Premises and Building, such restoration shall be completed with <br />reasonable promptness and Rent shall abate during such period of repair. Notwithstanding <br />anything contained in this Section 9 to the contrary, if the Premises are not or cannot be made <br />tenantable within 90 days after the date of the casualty for any reason whatsoever, the Tenant <br />may terminate this Master Lease. <br />10. Alterations. Tenant shall not make any alterations or additions to the Premises <br />which affect the exterior of the Premises or its structural components, the roof or any major <br />building system without the prior written consent of the Landlord. <br />11. Repairs. Tenant shall have no obligation to perform repair or maintenance on the <br />Property. <br />12. Environmental Condition. Landlord warrants to the Tenant that no environmental <br />contamination currently exists on the site due to the handling or disposal of hazardous <br />substances. The Landlord will provide a Phase I Environmental Site Assessment for review by <br />the Tenant prior to breaking ground on construction of the Premises. <br />13. Rights Reserved to Landlord. Landlord reserves all rights incident to its <br />ownership of the Building, including, but not limited to, the right (a) to change the name or street <br />address of the Building without notice or liability; (b) to install and maintain signs on the exterior <br />of the Building; (c) to designate all sources furnishing sign painting and lettering used on the <br />Premises; (d) to decorate, remodel, repair, alter, or otherwise prepare the Premises for re- <br />occupancy; (e) to have pass keys to the Premises; (f) to exhibit the Premises; (g) to take any and <br />MASTER LEASE PAGE 5 <br />
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