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FIRST AMERICAN TRUST COMPANY (S.T.C. CORPORATION
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Last modified
4/17/2025 1:52:33 PM
Creation date
9/5/2024 1:46:19 PM
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Contracts
Company Name
FIRST AMERICAN TRUST COMPANY (S.T.C. CORPORATION)
Contract #
A-1987-027
Agency
Public Works
Destruction Year
2009
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accepted, regardless of Lessor's knowledge of such preceding <br />breach at the time of acceptance of such rent. <br />28. HOLDING OVER: Any holding over after the expiration of <br />the said term, with the consent of Lessor, shall be construed to <br />be a tenancy from month to month, at a rental then paid by Lessee, <br />and shall otherwise be on the terms and conditions herein specified, <br />so far as applicable. <br />29. BINDING AND SUCCESSORS: The covenant and conditions <br />herein contained shall, subject to the provisions as to assignment <br />apply to and bind the heirs, successors, executors, administrators, <br />and assigns of all of the parties hereto; and all of the parties <br />hereto shall be jointly and severally liable hereunder. <br />30. CONDEMNATION CLAUSE: If any part of the premises shall <br />be taken or condemned for a public or quasi -public use, and a part <br />thereof remains which is susceptible of occupation hereunder, this <br />Lease shall, as to the part so taken, terminate as of the date <br />title shall vest in the condemnor, and the rent payable hereunder <br />shall be adjusted so that the Lessee shall be required to pay for <br />the remainder of the term only such portion of such rent as the <br />value of the part remaining after the condemnation; but in such <br />event Lessor shall have the option to terminate this Lease as of <br />the date when title to the part so condemned vests in the con- <br />demnor. If all the demised premises, or such part thereof be <br />taken or condemned so that there does not remain a portion sus- <br />ceptible fo'r occupancy hereunder, this Lease shall thereupon <br />terminate. If a part or all of the demised premises be taken or <br />condemned, all compensation awarded upon such condemnation or <br />taking shall go to the Lessor and the Lessee shall have no claim <br />thereto, and the Lessee hereby irrovacably assigns and transfers <br />to the Lessor any right to compensation or damages to which the <br />Lessee may become entitled during the terms hereof by reason of <br />the condemnation of all, or a part of the demised premises. <br />31. TIME is the essence of this Lease. <br />32. REMEDIES: In the event ofany-materialdefault or breach <br />of this Lease by Lessee, Lessor may at any time thereafter, with <br />or without notice or demand and without limiting Lessor in the <br />-15- <br />
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