Agenda - 11-04-1985 - Laserfiche WebLink

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• 041. I 13. Fire or Other Casualty. In the event the Building in which the Leased Premises are located is destroyed casualty, this lease shall thereupon terminate.fire, unavoidable accident or . In the event the Building in which the Leased Premises are located is damaged by fire, unavoidable accident or casualty to such an extent that in Lessor's opinion, the portion of said Building in which the Leased Pre- mises are specifically located cannot be repaired within ninety (90) days to its approximate condition existing immediately preceding such fire, unavoid- able accident or casualty, this lease shall thereupon terminate. In the event the portion of the Building in which the Leased Pre- mises are specifically located damaged by fire, unavoidable accident, or casualty and the same can be repaired within ninety (90) days from the date of such fire, unavoidable accident or casualty, the parties hereto agree that said Leased Premises shall be repaired and restored by Lessor to the approximate condition of said Leased Premises existing before said fire, unavoidable accident or casualty, and this lease shall remain in full force and effect; provided, however, that the rent during the period of repair shall be reduced to an amount which, in Lessor's opinion, bears the same ratio to the rent provided for herein as the portion of the Leased Premises then available for use bears to the entire Leased Premises. Upon completion of such repairs the rent shall thereafter be paid as provided for herein as the portion of the Leased Premises then available for use bears to the en- - ' tire Leased Premises. Upon completion of such repairs the rent shall thereafter be paid as provided in the paragraph above designated RENT. 14. Default. In the event the Lessee shall fail to pay any rent when due in accordance with the terms of this lease and such default shall con- ' tinue for a period of ten (10) days after written notice delivered to Lessee at the Leased Premises of such default, the Lessor,'without prejudice to any other rights or remedies that it may have, shall have the right, immediately • or at any time thereafter, to re-enter the Leased Premises and remove all persons and property from the Leased Premises. In the event the Lessee shall neglect to keep or perform any other covenant, agreement or condition of this lease or shall fail to conform to any of the building rules and regu- Lations now in force or hereafter adopted by the Lessor, the Lessor shall give written notice of such default to the Lessee; and in the event that such default is not rectified within ten (10) days from the date of such notice, then the Lessor shall have the right to enter the Leased Premises immediately or at any time thereafter and remove the Lessee therefrom with- out prejudice to any other remedies of the Lessor. In the event of any such re-entry, the Lessee hereby waives all claims for damages which may be • caused by the re-entry of the Lessor and will save the Lessor harmless from any loss, cost or damages occasioned by Lessor thereby, and no such re-entry • shall be considered or construed to be a forcible entry. Should the Lessor elect to re-enter the Leased Premises as herein provided, or should it take possession pursuant to legal proceedings, it may either terminate this lease • or it may, from time to time, without terminating this lease, re-let the premises or any part thereof on Lessee's account for such time or times and at such rental or rentals and upon such other terms and conditions as the Lessor in its sole discretion may deem advisable, with the right to make alterations and repairs to the Leased Premises, and the Lessee shall pay the • amount of rent due under this lease to the dace of the beginning of payment of rent pursuant to any such re-letting, together with the cost of such re-letting including the cost of any alterations and repairs to the Leased • Premises, and Lessee will thereafter pay monthly during the remainder of the term of this lease the difference, if any, between the rent collected from such re-letting and the rent reserved in this lease if such rent collected is less than that reserved is the lease. No such re-entry or taking posses- sion of :he teased ?remises by :he Lessor seal: be _onstrued as an election i 1 on its part :o terminate this ?ease aniess a written mocice of such incen- :ion be given to :he Lessee. Notwithstanding any such r_-Lecting without termination. :he lessor may, at any time after :he accurrence sf any default