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25H - DOWNTOWN OFFICE LEASE
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25H - DOWNTOWN OFFICE LEASE
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Last modified
1/3/2012 4:18:16 PM
Creation date
7/2/2009 10:01:09 AM
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City Clerk
Doc Type
Agenda Packet
Item #
25H
Date
7/6/2009
Destruction Year
2014
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13. ENTRY BY LANDLORD <br />Landlord reserves and shall at any and all times have the right to enter the <br />Premises, with reasonable notice to Tenant, for the purposes of inspection, supplying <br />janitorial service and any other service to be provided by Landlord to Tenant hereunder, <br />and to alter, improve, or repair the Premises, providing that the business of the Tenant <br />shall not be interfered with unreasonably. <br />14. RECONSTRUCTION <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 />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%) of the 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%) of the full replacement cost, <br />then Landlord shall have the option: (1) 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 />The Tenant shall not be entitled to any compensation or damages from Landlord <br />for loss of the use of the whole or any part of the Premises, Tenant's personal property, or <br />any inconvenience or annoyance occasioned by such damage, repair, reconstruction, or <br />restoration. <br />15. DEFAULT, REMEDIES <br />A. Default. The occurrence of any one or more of the following events shall <br />constitute a default under this Lease by Tenant: <br />1. Non-curable defaults: <br />(a) The vacating or abandonment of the Premises by Tenant. <br />25H-7 <br />
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