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Agenda - Council Work Session - 06/14/2011
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Agenda - Council Work Session - 06/14/2011
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3/18/2025 2:11:16 PM
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6/9/2011 3:49:43 PM
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Meetings
Meeting Document Type
Agenda
Meeting Type
Council Work Session
Document Date
06/14/2011
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as modified and stating the modifications, (ii) stating the dates to which the rent and other <br />charges hereunder have been paid by Tenant, (iii) stating whether or not Landlord is in default in <br />the performance of any covenant, agreement or condition contained in this Lease, and, if so, <br />specifying each such default, (iv) agreeing that Tenant and Landlord will not thereafter modify <br />the Lease without the approval of any mortgagee identified by Landlord, and (v) agreeing that, <br />except for any security deposit required herein, Tenant shall not prepay any rent more than thirty <br />(30) days in advance, and (vi) such other matters relating to this Lease as may reasonably be <br />requested. Any such statement delivered pursuant hereto may be relied upon by any owner of the <br />Project, any prospective purchaser of the Project, any mortgagee or prospective mortgagee of the <br />Project or of Landlord's interest, or any prospective assignee of any such mortgagee. Tenant <br />acknowledges that failure to comply with this Section 20 on a timely basis could result in loss of <br />a favorable sale or financing and Tenant agrees to be liable for any consequential damages <br />resulting from Tenant's breach hereunder. <br />Upon the expiration of this Lease or the earlier termination of Tenant's right to <br />possession, Tenant shall immediately vacate the Premises, remove all of its property therefrom, <br />remove any Hazardous Materials installed, used, generated, stored or disposed of by Tenant, and <br />leave the Premises in the condition required by this Lease. Any property not removed shall be <br />deemed abandoned, and Tenant shall be liable for all costs of removal and Tenant shall <br />indemnify, defend and hold Landlord harmless from any cost or liability due to disposition of <br />any property in the Premises in which a person other than Tenant has an interest. Should Tenant <br />continue to occupy the Premises, or any part thereof, after the expiration or termination of the <br />Term, whether with or without the consent of Landlord, such tenancy shall be from month to <br />month and the monthly Rent set forth in the term sheet shall be payable If Tenant's holdover is <br />without the consent of Landlord, neither this Section nor the acceptance of any rent hereunder <br />shall prevent Landlord from exercising any remedy to regain immediate possession of the <br />Premises. <br />Tenant warrants that it has not engaged or dealt with any broker in connection with this <br />Lease and Tenant agrees to indemnify hold Landlord harmless from and against any claim for <br />broker's fees or finder's fees asserted by anyone on account of any dealings with Tenant in <br />connection with this Lease. <br />this Lease. <br />20. SURRENDER; HOLDING OVER: <br />21. BROKERS: <br />22. MISCELLANEOUS: <br />(a) This is governed by and shall be construed according to the laws of the <br />state in which the Premises are located. <br />(b) The captions in this Lease are for convenience only and are not a part of <br />(c) Time is of the essence. <br />(d) The provisions of this Lease which relate to periods subsequent to the <br />expiration of the Tenn shall survive expiration. <br />7 <br />
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