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Agenda - 01-21-20 8-l - Lease of 308 W. Franklin Street and Suite 101 at the Europa Center, and Approval of Budget Amendment #4-C
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Agenda - 01-21-20 8-l - Lease of 308 W. Franklin Street and Suite 101 at the Europa Center, and Approval of Budget Amendment #4-C
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BOCC
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1/21/2020
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Advisory Bd. Minutes
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18 <br /> (e) If this lease is not terminated following a partial condemnation, Landlord shall make all necessary <br /> repairs or alterations within the scope of Landlord's original obligation to build necessary to make <br /> the Demised Premises architecturally whole. <br /> (f) All compensation awarded for any taking (or the proceeds of private sale in lieu thereof) whether <br /> for the whole or a part of the Demised Premises, shall be the property of Landlord, whether such <br /> award is compensation for damages to Landlord's or Tenant's interest in any such award to <br /> Landlord; provided, however, Landlord shall have no interest in any award made to Tenant for loss <br /> of business or for the taking of Tenant's fixtures and other property within the Demised Premises if <br /> a separate award for such items is made to Tenant. <br /> NOTICES <br /> 24. Wherever in this Lease Agreement it shall be required or permitted that notice or demand be given or <br /> served by either party to this Lease Agreement to or on the other, such notice or demand shall be <br /> deemed to have been duly given or served when sent in writing by registered or certified mail, postage <br /> prepaid, to the respective addresses as hereinafter set forth. Such addresses may be changed from time <br /> to time by either party by serving notice as above provided: <br /> TO LANDLORD: Charles J. Coates <br /> 5001 Cole Mill Road <br /> Durham,NC 27705 <br /> TO TENANT: Orange County,North Carolina <br /> SUCCESSORS <br /> 25. All rights, obligations and liabilities herein given to, or imposed upon the respective parties hereto shall <br /> extend to and bind the several and respective heirs, executors, administrators, successors, subleasees, <br /> licensees, concessionaires and assigns of said parties subject to the provisions of Article 21 providing <br /> for subordination, and except as expressly provided in this Article; and if there shall be more than one <br /> Tenant they shall all be bound jointly and severally by the terms, covenants, conditions and agreements <br /> herein and the word "Tenant" shall be deemed and taken to mean each and every person or party <br /> mentioned as a Tenant herein, be the same one or more; and if there shall be more than one tenant any <br /> notice required or permitted by the terms of this Lease Agreement may be given by or to any one <br /> thereof. No right,however, shall inure to the benefit of any assignee of Tenant unless the assignment to <br /> such assignee has been approved by Landlord in writing as aforesaid. The use of the neuter singular <br /> pronoun to refer to Landlord or Tenant may be individual, a partnership, a corporation or a group of <br /> two or more individuals or corporations. The necessary grammatical changes required to make the <br /> provision of this Lease Agreement apply in the plural sense where there is more than one Landlord or <br /> tenant and to either corporations, associates, partnerships, or individuals, males or females, shall in all <br /> instances be assumed as though in each case fully expressed. <br /> The term "Landlord" as used in this Lease Agreement so far as covenants, conditions and agreements <br /> on the part of the said Landlord are concerned shall be limited to mean Charles J. Coates and Geraldine <br /> Dawson Coates, their successors and assigns. In the event of any transfer or transfers of the title to the <br /> Demised Premises, the said Landlord (and in case of any subsequent transfers or conveyance, the then <br /> grantor) shall be automatically freed and relieved from and after the date of such transfer or conveyance <br /> of all liability as respects the performance of any covenants, conditions and agreements on the part of <br /> said Landlord contained in this Lease Agreement, thereafter to be performed; provided that any amount <br /> then due and payable to Tenant by Landlord, or the then grantor, under any provisions of this Lease <br /> Agreement, shall be paid to Tenant. It is intended hereby that the covenants, conditions and agreements <br /> contained in this Lease Agreement on the part of the Landlord shall, subject as aforesaid,be binding on <br /> Initials <br /> 15 <br /> (308 W.Franklin St.) Landlord Tenant <br />
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