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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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DO NOT RECORD <br />casualty or condemnation, Landlord determines that the Premises is no <br />longer adequate for Tenant to continue its operations, or any repairs to the <br />Premises have not been completed or cannot reasonably be completed within <br />sixty (60) days from the date of the damage, destruction or condemnation, <br />this Lease Agreement will become null and void. <br />(b) In the event of condemnation, unless Tenant is allowed by the condemning <br />authority to continue its operations in the Premises, this Agreement shall <br />terminate as of the date title to the Property vests in the condemning <br />authority or Tenant is required to cease its operations, whichever is earlier. If <br />any property described herein or hereinafter added hereto is taken in eminent <br />domain, the entire monetary award shall be paid to Landlord. <br />Section 5.02 Default <br />(a) Events of Default. <br />The occurrence of any one or more of the following events shall constitute a default <br />and breach of this Lease by Tenant: <br />(1) Failure to pay rent when due if the failure continues for five (5) days after <br />written notice has been given to Tenant. <br />(2) Abandonment and vacation of the Premises (failure to occupy the Premises <br />for fourteen (14) consecutive days shall be deemed an abandonment and vacation). <br />(3) Failure to perform any other provision of this Lease, if the failure to perform <br />is not cured within thirty (30) days after written notice thereof has been given to Tenant by <br />Landlord. If the default cannot reasonably be cured within said thirty (30) day period, <br />Tenant shall not be in default under this Lease if Tenant commences to cure the default <br />within the thirty (30) day period and diligently prosecutes the same to completion. <br />(4) The making by Tenant of any general assignment or general arrangement <br />for the benefit of creditors; the filing by or against Tenant of a petition to have Tenant <br />adjudged a bankrupt or a petition for reorganization or arrangement under any law relating <br />to bankruptcy unless the same is dismissed within sixty (60) days; the appointment of a <br />trustee or receiver to take possession of substantially all of Tenant's assets located at the <br />Premises or of Tenant's interest in the Lease, where possession is not restored to Tenant <br />within thirty (30) days; or the attachment, execution, or other judicial seizure of substan- <br />tially all of Tenant's assets located at the Premises or of Tenant's interest in the Lease, <br />where such seizure is not discharged within thirty (30) days. <br />Notices given under this paragraph shall specify the alleged default and the <br />applicable lease provisions, and shall demand that Tenant perform the provisions of this <br />Lease or pay the rent that is in arrears, as the case may be, within the applicable period of <br />7 <br />
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