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Agenda - 06-01-1992
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Agenda - 06-01-1992
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11/8/2017 3:41:15 PM
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BOCC
Date
6/1/1992
Meeting Type
Regular Meeting
Document Type
Agenda
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With a copy to: John A. Northen <br />0 Attorney at Law <br />Post Office Box 207 <br />Chapel Hill, NC 27514 <br />To Tenant: County of Orange <br />P.O. Box 8181 <br />Hillsborough, NC 27278 <br />(Attention: Pam Jones) <br />18.2 RECORDATIQN <br />Upon the request of either party, the other party will in good faith cooperate in the <br />preparation and execution of a recordable short form lease substantially in the form of Exhibit <br />D. Tenant shall in no event record this lease, whether in full or in part. <br />18.3 BROKERS <br />Tenant represents and warrants that there are no claims for brokerage commission or <br />finder's fees in connection with the execution of this lease and agrees to indemnify Landlord <br />against and hold it harmless from all liabilities arising from any such claim, including cost of <br />Landlord's reasonable attorney's fees. <br />0 18.4 S!JCCESSORS AND ASSIGNS <br />The covenants and agreements herein contained are binding on the parties hereto, their <br />successors, assigns, and legal representatives. This lease embodies all of the understandings and <br />agreements of the parties, and the terms hereof shall not be changed or varied except by written <br />instrument signed by both parties. <br />The parties to this Lease agree and understand that the continuation of this lease <br />agreement for Area 2, pursuant to the term period set forth herein, or any extension or renewal <br />thereof, is dependent upon and subject to the availability of funds from sources other than <br />Orange County, in lease years beginning July 1, 1992. If funding is not available from sources <br />other than Orange County and the County has not sublet Area 2 on or before July 1 of any year <br />in the term, beginning with the July 1, 1992 term year, Area 2 will revert back to the Landlord <br />without further rent liability to the County, except as provided below. <br />The County and the Landlord agree that in the event Area <br />2f reverts to the Landlord, the County will ensure that an appropriately rated fire wall is <br />constructed along the pole line which separates Areas 1 and 2. The County and the Landlord <br />,'7 <br />21 <br />
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