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GREYHOUND LINES 1-2003
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GREYHOUND LINES 1-2003
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Last modified
5/26/2016 4:51:18 PM
Creation date
6/19/2006 12:03:15 PM
Metadata
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Contracts
Company Name
GREYHOUND LINES, INC.
Contract #
A-2006-028
Agency
COMMUNITY DEVELOPMENT
Council Approval Date
2/21/2006
Expiration Date
9/30/2008
Insurance Exp Date
12/31/2016
Destruction Year
2013
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IH�IOr�I1117 T t P, <br />termination of Tenant's right to possession. In the event of such termination, Landlord has <br />the right to recover from Tenant: <br />(1) The worth, at the time of the award, of the unpaid rent that had been earned <br />at the time of the termination of this Lease; <br />(2) The worth at the time of the award of the amount by which the unpaid rent <br />that would have been earned after the date of the termination of this Lease until the time of <br />the award exceeds the amount of the loss of rent that Tenant proves could have been <br />reasonably avoided; <br />(3) The worth, at the time of the award, of the amount by which the unpaid rent <br />for the balance of the term after the time of the award exceeds the amount of the loss of <br />rent that Tenant proves could have been reasonably avoided; and <br />(4) Any other amount, including court costs, necessary to compensate Landlord <br />for all detriment proximately caused by Tenant's default. <br />"The worth at the time of the award," as used in this paragraph is to be computed by <br />allowing interest at the maximum rate an individual is permitted by law to charge. <br />If Tenant is in default under the terms of this Lease, Landlord shall have the <br />additional right to have a receiver appointed to collect rent and conduct Tenant's business. <br />Neither the filing of a petition for the appointment of a receiver nor the appointment itself <br />shall constitute an election by Landlord to terminate this Lease. <br />Landlord, at any time after Tenant commits a default, can cure the default at <br />Tenant's cost and expense. If Landlord at any time, by reason of Tenant's default, pays any <br />sum or does any act that requires the payment of any sum, the sum paid by Landlord shall <br />be due immediately from Tenant to Landlord at the time the sum is paid, and if paid at a <br />later date shall bear interest, at the maximum rate an individual is permitted by law to <br />charge, from the date the sum is paid by Landlord until Landlord is reimbursed by Tenant. <br />The sum, together with interest thereon, shall be considered additional rent. <br />Landlord shall have at its sole discretion the option of terminating this Agreement <br />if Tenant loses its license to provide Bus transportation services for any reason, <br />including, but not limited to, non renewal, cancellation, or expiration of its license. <br />Tenant shall notify the City immediately and in writing of its inability to obtain or <br />maintain such permits, licenses, approvals, waivers, and exemptions. Said inability shall <br />be cause for termination of this Agreement. <br />ARTICLE 6 — ASSIGNMENT, ABANDONMENT, DEFAULT, INSOLVENCY <br />Section 6.01 Assignment and Subletting. <br />
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