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MEXICAN AMERICAN OPPORTUNITY FOUNDATION 4a - 2006
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MEXICAN AMERICAN OPPORTUNITY FOUNDATION 4a - 2006
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Last modified
1/3/2012 2:37:52 PM
Creation date
3/21/2007 1:06:11 PM
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Contracts
Company Name
MEXICAN AMERICAN OPPORTUNITY FOUNDATION
Contract #
A-2006-324
Agency
COMMUNITY DEVELOPMENT
Council Approval Date
12/4/2006
Expiration Date
6/30/2007
Destruction Year
2012
Notes
A-2004-175
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<br />and any other service to be provided by Landlord to Tenant hereunder, and to alter, <br />improve, or repair the Premises, providing that the business of the Tenant shall not be <br />interfered with umeasonably. <br /> <br />14. RECONSTRUCTION <br /> <br />In the event that the Premises or the building of which the Premises are a part are <br />damaged by fire or other perils covered by extended coverage insurance, Landlord agrees <br />to forthwith repair the same; and this Lease shall remain in full force and effect, except <br />that Tenant shall be entitled to a proportionate reduction, to be based upon the extent to <br />which the making of such repair shall materially interfere with the business carried on by <br />the Tenant in the Premises. <br /> <br />In the event that the Premises or the building of which the Premises are a part are <br />damaged as a result of any cause other than the perils covered by fire and extended <br />coverage insurance, then Landlord shall repair the same, provided the extent of the <br />destruction be less than ten percent (10%) ofthe then full replacement cost of the <br />Premises or the building of which the Premises are a part. In the event the destruction of <br />the Premises or the building is greater than ten percent (10%) ofthe full replacement cost, <br />then Landlord shall have the option: (I) to repair or restore such damage, this Lease <br />continuing in full force and effect, but the rent to be proportionately reduced as <br />hereinabove in this article provided; or (2) give notice to Tenant within sixty days (60) of <br />the damage, at which time this Lease shall expire and all interests of the Tenant in the <br />Premises shall terminate on the date so specified in such notice and the rent, reduced by a <br />proportionate amount based upon the extent, if any, to which such damage materially <br />interfered with the business carried on by the Tenant in the Premises, shall be paid up to <br />the date of such termination. <br /> <br />The Tenant shall not be entitled to any compensation or damages from Landlord for loss <br />of the use of the whole or any part ofthe Premises, Tenant's personal property, or any <br />inconvenience or annoyance occasioned by such damage, repair, reconstruction, or <br />restoration. <br /> <br />15. DEFAULT, REMEDIES. <br /> <br />A. Default. The occurrence of anyone or more of the following events shall constitute a <br />default under this Lease by Tenant: <br /> <br />1. Non-curable defaults: <br /> <br />a) The vacating or abandonment of the Premises by Tenant. <br />b) Any attempted or involuntary transfer of Tenant's interest in this Lease without <br />Landlord's prior consent. <br />c) If Tenant makes, or has made, or furnishes any warranty, representation or statement <br />to Landlord in connection with the Lease which is or was false or misleading in any <br />material respect when made or furnished. <br /> <br />2. Curable defaults: <br /> <br />a) The failure by Tenant to make any payment of rent or any other payment required to <br /> <br />4 <br />
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