Orange County NC Website
8 <br /> of any lien within the prescribed 10-day period, then Landlord may do so at Tenant's expense, including <br /> costs and reasonable attorney's fees,which expenses shall be due as Additional Rent hereunder. <br /> Notwithstanding anything to the contrary set forth above in this article 8, if Tenant does not <br /> perform its maintenance obligations in a timely manner as set forth in this Lease and diligently and <br /> continuously pursue completion of unfulfilled maintenance obligations, then after reasonable notice of <br /> same to Tenant and Tenant's failure to perform its maintenance obligations within 30 days of such notice, <br /> Landlord shall have the right, but not the obligation, to perform such maintenance, and any amounts so <br /> expended by Landlord shall be paid by Tenant to Landlord promptly after demand as Additional Rent <br /> with interest at the legal rate from the date of expenditure through the date paid. <br /> 8. Casualty Loss; Destruction of Demised Premises and/or Building. If the Demised Premises <br /> or the Building, as the case may be, is damaged or destroyed by fire or other casualty to the extent of 50% <br /> or more of the value thereof in the reasonable opinion of Landlord, and not resulting from the act or <br /> omission of Tenant, then either Landlord, the Mortgagee (as defined in article 12), or Tenant may, by <br /> written notice given not later than 60 days after the date of fire or other casualty, terminate this Lease <br /> effective to the date of such fire or other casualty. If the Lease is not so terminated as provided in this <br /> article 9, then subject to and to the extent of available insurance proceeds, Landlord shall proceed with <br /> diligence to rebuild and restore the Building or the Demised Premises(exclusive of Tenant's property), as <br /> the case may be, so damaged or destroyed substantially to the condition thereof existing immediately <br /> prior to such damage or destruction within 280 days after the date of such fire or other casualty(exclusive <br /> of Tenant Delay and Force Majeure Delay), in which event the Term of this Lease shall not terminate,but <br /> any Minimum Rent and Additional Rent payable under article 6 and Exhibit D hereof shall abate on a per <br /> diem basis while the Demised Premises remain untenantable. If, subject to the sufficiency of.insurance <br /> proceeds, Landlord shall fail to complete the rebuilding and restoration of the Building and/or the <br /> Demised Premises such that a certificate of occupancy(temporary or final) shall not have been issued <br /> within the aforesaid 280-day period, exclusive of Force Majeure Delay and Tenant Delay, then either <br /> Landlord or Tenant,by written notice to the other given within 30 days next following the last day of the <br /> aforesaid 280-day period,may terminate this Lease retroactive to the date of such fire or casualty,and any <br /> Minimum Rent and Additional Rent payable under article 6 and Exhibit D hereof shall be abated or <br /> apportioned (as the case may be) on a per diem basis and paid to the date of such fire or casualty. <br /> Termination of the Lease by Tenant shall be Tenant's sole remedy for Landlord's failure to rebuild or <br /> restore the Demised Premises and/or Building under this article 9. <br /> If the Demised Premises or the Building, as the case may be, is damaged by fire or other casualty <br /> to the extent of less than 50% of the value thereof in the reasonable opinion of Landlord,and not resulting <br /> from the act or omission of Tenant, then Landlord shall, except as otherwise provided herein, proceed <br /> with diligence to rebuild and restore the Building and/or the Demised Premises (exclusive of Tenant's <br /> property), as the case may be, so damaged substantially to the condition thereof existing immediately <br /> prior to such damage or destruction. Notwithstanding the foregoing, if by reason of such occurrence, (i) <br /> the Building and/or the Demised Premises is damaged in whole or in part as a result of a risk which is not <br /> covered by insurance policies in force and carried by Landlord; or (ii) Mortgagee shall not permit a <br /> sufficient amount of the insurance proceeds to be used for restoration purposes; or (iii) the Building <br /> and/or the Demised Premises is damaged during the final twelve month period of this Lease (including <br /> any properly exercised extensions and renewals, if any), or(iv)Landlord does not reasonably believe that <br /> the rebuilding and/or restoration can be completed within 200 days after the occurrence of such casualty, <br /> then in any event, Landlord may cancel this Lease by written notice of cancellation given to Tenant <br /> within 60 days after the date of such casualty, and thereupon this Lease shall terminate. If such <br /> cancellation notice is not given by Landlord within said 60-day period, then Landlord shall repair and <br /> restore the Building and/or the Demised Premises as provided above. In addition, Tenant may also <br /> terminate this Lease, by written notice to Landlord at any time between the 200th and 230th day <br /> OCACLease Page 6 <br />