Agenda - Council - 01/14/2014 - Laserfiche WebLink

Home

discounted to present value at the rate then being given prime loans minus one point by Wells Fargo Minneapolis. Landlord shall not, by any re-entry or other act, be deemed to have terminated this Lease, unless, Landlord shall notify Tenant in writing that Landlord has elected to terminate the same. 15.4.3 Remedies Cumulative. The remedies of Landlord specified in this Lease shall be cumulative as to each other and as to any remedy allowed by the Requirements. 15.5 Right to Injunction. In the event of a breach or threatened .breach by Tenant of any of this Lease's covenants or provisions, Landlord shall have the right of injunction and the right to revoke any remedy allowed at law or in equity as if re-entry, summary proceedings and other remedies were not herein provided for. Mention in this Lease of any particular remedy shall not preclude Landlord from any other remedy, in law or in equity. Notices given under this paragraph shall specify the alleged default and the applicable Lease provisions, and shall demand that the defaulting party perform the provisions of this Lease or pay the amount due that is in arrears, as the case may be, within the applicable period 'of time. No such notice shall be deemed a forfeiture or a termination of this Lease unless Landlord so elects in the notice. 16. Landlord's Entry on Premises. Landlord or Landlord's agents, employees or representatives shall have the right to enter into and upon all or any part of the Premises during the Term at all reasonable times and without prior notice for any of the following purposes: (a) examination; (b) determination whether Tenant is in compliance with its obligations under this Lease; or (c) making repairs, alterations, additions or improvements to the Premise, as may be necessary by reason of Tenant's failure to make the same after notice to Tenant to do so. .Landlord shall conduct its activities on the Premises as allowed in this paragraph in a manner that will cause the least possible inconvenience, annoyance, or disturbance to Tenant. 17. Force Majeure. Whenever a period of time is prescribed for the taking of any action by Landlord or Tenant in this Lease, as the case may be, Landlord or Tenant, shall not be liable or responsible for, and there shall be excluded from the computation of such period of time, any delays due to strikes, lockouts, riots, acts of God, shortages of labor or materials, war, civil commotion, fire or other casualty, catastrophic weather conditions, a court order that causes a delay, governmental laws, regulations, or restrictions, or any other cause whatsoever beyond either party's control (any of the foregoing being referred to as. an "Unavoidable Delay"). Landlord and Tenant shall use reasonable efforts to notify the other party not later than ten (10) business days after such party knows of the occurrence of an event constituting an Unavoidable Delay. In no event shall any party's financial condition or inability to fund or obtain financing constitute an Unavoidable Delay with respect to such party. 18. Notice. All notices, consents, demands, communications or approvals required or permitted by this Lease shall be in writing and shall be delivered personally or delivered by certified or registered mail, return receipt requested, addressed as follows: 10