Agenda - 06-19-2012 - 5n - Laserfiche WebLink

Browse Search

18 by acceding to the demands of the opposing party or parties when such course is in the judgment of Tenant unfavorable to Tenant.. b. Whenever any event of default referred to in this Lease shall have happened and be subsisting, Landlord may take any one or more of the following remedial steps: (i) Landlord may, at its option, declare all installments of rent payable for the remainder of the Lease Term to be immediately due and payable, whereupon the same shall become immediately due and payable. (ii) Landlord may re -enter and take possession of the Premises without terminating this Lease, and sublease the Premises for the account of Tenant, holding Tenant liable for the difference in the rent and other amounts payable by such subtenant in such subleasing and the rents and other amounts payable by Tenant hereunder. (iii) Landlord may terminate the Lease Term, exclude Tenant from possession of the Premises and use its best efforts to lease the Premises to another for the account of Tenant, holding Tenant liable for all rent and other payments due up to the effective date of such leasing. (iv) Landlord may take whatever action at law or in equity may appear necessary or desirable to collect the rent and any other amounts payable by Tenant hereunder, then due and thereafter to become due, or to enforce performance and observance.of any obligation, agreement or covenant of Tenant under this Lease. - .._- Any amounts collected pursuant- _.to- ..._action..... taken..--under- thrs--- subparagraph shall be applied to the account of Tenant. C. No remedy herein conferred upon or reserved to Landlord is intended to be exclusive of any other available remedy or remedies, but each and every such remedy shall be cumulative and shall be in addition to every other remedy given under this Lease or now or hereafter existing at law or in equity or by statute. No delay or omission to exercise any right or power accruing upon any default shall impair any such right or power or shall be construed to be a waiver thereof, but any such right and power may be exercised from time to time and as often as may be deemed expedient. In order to entitle Landlord to exercise any remedy reserved to it, it shall not be necessary to give any notice, other than such notice as may be herein expressly required. d. In the event Tenant should default under any of the provisions'of this Lease and Landlord should employ attorneys or incur other expenses for the collection of rent or the enforcement of performance or observance of any.obligation or. agreement on the part of Tenant herein contained, Tenant agrees 16