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6.C.(2) Lease Termination Agreement (SASCO)
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09/18/09 Meeting
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6.C.(2) Lease Termination Agreement (SASCO)
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9/15/2009 4:11:11 PM
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renewal and notice of renewal required pursuant to the Lease to assure occupancy of the <br />Premises by TCU until the Termination Date shall be deemed to have been made. <br />5. TCU shall otherwise comply with all obligations owing to the Commission under <br />the Lease through the Termination Date except as otherwise specifically set forth herein, and <br />further subject to the following: (i) TCU shall have no obligation to construct, or make repair of, <br />any improvements at or to the Premises; (ii) TCU shall have no obligation to comply with <br />building, zoning, health or fire codes, laws, statutes or ordinances if the conditions which would <br />otherwise be the source of such violations existed on the date of the execution of this Agreement; <br />and (iii) TCU shall assume no liability including, without limitation, environmental liability, <br />arising from any condition existing on the Premises on the date of the execution of this <br />Agreement. <br />6. The parties acknowledge and agree that time is of the essence of this Agreement. <br />7. Except as provided herein, all other terms, conditions and provisions of the Lease <br />shall remain in full force and effect until TCU quits, surrenders and vacates the Premises and <br />delivers the keys thereto upon the Termination Date upon which event the Lease shall terminate, <br />become null and void and be of no further force and effect. <br />8. Upon the Termination Date and TCU having quit, surrendered and vacated the <br />Premises, the Commission shall have free and full access to the Premises and shall be entitled to <br />use or dispose of any property or fixtures remaining within the Premises as it, in its sole <br />discretion decides, all without obligation of any sort to TCU. <br />9. This Agreement shall be binding on and inure to the benefit of the parties hereto <br />and their respective successors and assignors. <br />-3- <br />
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