Minutes - 19760824 - Laserfiche WebLink

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.. . q.Y, .~,, ~~i ,, ..r w - ' -'EMINEiIT 2~. Zn the event that the whole or any part of pQ~4IN said PREMISES shall be taken by an.y public au- thority under the powex of eminent domain ar like po~~r, then the TEP.M hereof shall terminate as to the part of the PREMISES so taken, affective as of the date possession thereaf shall ba re- quired to be delivered pursuant to the final _ order, judgment, oz decxee entered in the pro- . ceedings in exercise of such power. All damages awarded fox the taking of said PREMISES, or any part thereof, shall be payable in the full amount thereof to and the same shall be the property of LANDLORD, including, but not limited ta, any sum paid ar payable as compensation for loss of value of the leasehold or loss of the fee or the fee of any part of the PREMISES, and TENANT shall be en- titled only to that portiai of any award expressly stated to have been made to TENANT fox loss of business and the loss of value and cost of removal. of stock, furniture, and fixtures oa~xlad by TENAl~iT.. ASSIGN'~NT AND 25. TENANT shall not assign or in any manner SUBLETTING transfer this lease or any estate, interest or benefit therein or sublet said PREMISES or any paxt or parts thereof ar pexmit the use of the same or any part thereof by any one other than TENANT without the pxior written cansent.of LANDLORD. Consent by L,4NbLOR7 to any assignment yr transfer • of interest undex this lease, ar subletting of sa" PREMIS'E5 or any part thereof shall ba limited t the. instance stated in such written cansent and shall not constitute a release, waiver, or conse~:.: to any other assignment, transfer of interest, o'r subletting. zt is specifically understood that the transfer of a majority stock of a TENANT corporativ constitutes a transfer of interest, and it shall-b~~. nedessaxy to have the consent of the LANDLORD prio~- to any such transfer of interest. HOLDING OSTER 26. In the event TENANT remains in possession of the PR~IISES after the expixation of the TERM hereof and without the execution of a new lease, TENANT thereby shall not acquires any right, title, or interest in or to said PREMISES, provided, however, that at the option of the LANDLORD, by written notice of the exercise thereof, TENANT as a xesult of such holding oven thereby shall have renewed this lease for the fuxther period of the TERM herein provided and if LANDLORD shall not exercise the option above described then TENANT as a xesult of such holding over shall occupy said PREt4TSE5 as a tenant from month to month; and in either event subject to - all the conditions, pxovisions,, and obligatior_s of this lease insofar as the same shall then be applicable to whichever of such tenancies shall result. -12-