Agenda - 06-18-2013 - 5t - Laserfiche WebLink

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13 shall terminate and Lessee shall immediately surrender possession of the Premises to Lessor; and/or (ii)pursue any other remedy now or hereafter available to Lessor under North Carolina law. 20. Right of Lessor to Re-Enter. In the event of any termination of this Lease by Lessor or the enforcement of any other remedy by Lessor under this Lease, Lessor shall have the immediate right to enter upon and repossess the Premises and remove or store Lessee's personal property in accordance with the terms of Section 22. Lessee hereby waives all claims arising from Lessor's re-entering and taking possession of the Premises and removing and storing the property of Lessee as permitted under this Lease and will save and hold Lessor harmless from all losses, costs or damages occasioned Lessor thereby. No such reentry shall be considered or construed to be a forcible entry by Lessor. Lessee hereby expressly waives any and all rights of redemption granted by or under any present or future laws in the event of Lessee being dispossessed for any cause, or in the event of Lessor obtaining possession of the Premises, by reason of the violation by Lessee of any of the terms, covenants or conditions of this Lease, or otherwise. 21. Legal Costs. Lessee shall reimburse Lessor, upon demand, for any reasonable costs or expenses incurred by Lessor in connection with any breach by Lessee or the occurrence of any Event of Default under this Lease,whether or not suit is commenced or judgment entered. Such costs shall include reasonable legal fees and costs incurred for the negotiation of a settlement, enforcement of rights or otherwise. 02. Ownership of Leasehold Improvements, Surrender of Premises. r,,,..;,,,. th@ T° aOwnership of the Leasehold Improvements shall be in Lessee.At the expiration of the Term Mon mutual agreement,the Lease may be renewed for up to three additional terms of twenty,(years each. Upon the expiration of the Lease and any Comment[gmt17]:The Council of State only renewal periods Lessee shall promptly quit and surrender the Premises approvedafiftyyearterm. The inclusion of renewal options is a basic business term that should have in good order, condition and repair, ordinary wear and tear excepted and if been discussed and agreed upon prior to the matter aee@pt@d so Jby T ° r,the Leasehold Improvements shall become the property of Lessor. ithall being put on the COS agenda. ]f a parties agree on any renewal option the matter must go back to COS upon payment of the then fair market value of the Leasehold for further approval. Improve to Lessee. At the termination of this Lease, Lessee shall remove any and all of please note that G.S.146-27 limits]ease of state Lessee's personal property, trade fixtures and equipment from the Premises. All such personal owned land to a period that does not exceed 99 property,trade fixtures and equipment not so removed by Lessee and remaining on the Premises years. Lessee is propos fixtures a possible total term of 110 years. thirty (30)days after the termination of this Lease shall,at Lessor's option,become the property Comment[9mt18]:This a material term that of Lessor or Lessor may have the property removed or stored, at Lessee's expense. TryM *'-r°o would require fiuther COS approval. pfap@f y of T°ssip-pMid—zcs;S@@, ca4 its Sol@ east—md--°&EffflW, Shall ° ° rl,° r°.,SPihvia .,131.,., .,t;,,,.thM° st;,,g M th@ E f f eti °Tl.,t° Comment[9mt19]:All changes to this section are rejected. 23. Holdover. In the event Lessee remains in possession of the Premises after the expiration of the Term and without the execution of a new lease, Lessee shall occupy the Premises as a tenancy at sufferance subject to all of the conditions of this Lease insofar as consistent with such a tenancy. However, either Party shall give not less than sixty (60) days written notice to Page 8 of]7