Agenda - Council - 08/13/2002 - Laserfiche WebLink

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-224- be void or voidable, nor shall LESSOR be liable to LESSEE for any loss or damage resulting from such nondelivery; but in that event there shall be a proportionate reduction of rent covering the period between the commencement of the lease term and the time when LESSOR can deliver possession. SECTION SIX USES PROHIBITED LESSEE shall not use, or permit the demised premises, or any part of the demised premises, to be used, for any purpose or purposes other than the purpose or purposes for which the demised premises are leased under this lease agreement. LESSEE shall not sell, or permit to be kept, used, or sold, in or about the demised premises, any article that may be prohibited by the standard form of fire insurance policies. LESSEE shall, at its sole cost, comply with all requirements, pertaining to the demised premises, of any insurance organization or company, necessary for the maintenance of insurance, as provided in this lease agreement, covering any building and appurtenances at any time located on the demised premises. SECTION SEVEN WASTE AND NUISANCE PROHIBITED During the term of this lease, LESSEE shall comply with all applicable laws affecting the demised premises, the breach of which might result in any penalty on LESSOR or forfeiture of LESSOR's title to the demised premises. LESSEE shall not commit, or suffer to be committed, any waste on the demised premises, or any nuisance. SECTION EIGHT ABANDONMENT OF PREMISES LESSEE shall not vacate or abandon the premises at any time during the term of this lease agreement, except as permitted by the Opt Out clause. If LESSEE abandons, vacates, or surrenders the demised premises, or is dispossessed by process of law, or otherwise, any personal property belonging to LESSEE and left on the premises shall be deemed to be abandoned, at the option of LESSOR, except such property as may be encumbered to LESSOR. SECTION NINE ENCUMBRANCE OF LESSEE'S LEASEHOLD INTEREST A. LESSEE may encumber by mortgage, or other proper instrument, its leasehold interest and estate in the demised premises, together with all buildings and improvements placed by LESSEE on the premises, as security for any indebtedness of LESSEE. The execution of any mortgage, or other instrument, or the foreclosure of any mortgage, or other instrument, or any sale, either by judicial proceedings or by virtue of any power reserved in a mortgage, or conveyance by LESSEE to the holder of the indebtedness, or the exercising of any right, power, or privilege rese~wed in any mortgage, shall not be held as a violation of any of the terms or conditions of this lease agreement, or as an assumption by the holder of the indebtedness personally of the obligations I I I I I i I !