Laserfiche WebLink
21, Time of the Essence. Time is of the essence of this Lease. <br />22 Relationship of Parties. This contract shall create the relationship of landlord and <br />tenant between LESSOR and LESSEE and none other. <br />23 Holding Over. If the LESSEE remains in possession after expiration of the term <br />hereof, with LESSOR'S acquiescence and without any distinct agreement of parties, the LESSEE shall <br />be a tenant at will, and there shall be no renewal of this Lease by operation of law, <br />24 Surrender of Premises. At the termination of this Lease, LESSEE shall surrender <br />premises and keys thereof to LESSOR. <br />25 Definitions, "LESSOR" as used in this Lease shall include First Party, its <br />representatives, assigns and successors in title to Premises; "LESSEE", if this Lease shall be validly <br />assigned or sublet, shall include its successors and shall include also LESSEE'S assignees and <br />sublessees. "LESSOR" and "LESSEE" shall include male and female, singular and plural, corporation, <br />partnership or individual as may fit the particular parties. <br />26 Eminent Domain. If the entire Premises are taken by any public authority under the <br />power or threat of eminent domain, then the term of this Lease shall cease as of the day possession <br />shall be taken by such public authority, and the LESSOR shall make a pro rata refund of any rent that <br />may have been paid in advance. In the event that less than the entire Premises is so taken and provided <br />the Premises are not rendered untenantable thereby, then this Lease shall terminate only at the option of <br />the LESSOR. In the event that only a part of the Premises is so taken and that this Lease does not so <br />terminate, there shall be a pro rata reduction in rent to the extent such taking interferes in any way with <br />LESSEE'S use of the Premises, and all other terms and provisions hereof shall remain in full force and <br />effect. All damages awarded for such taking shall belong to and be the property of the LESSOR, <br />irrespective of the basis on which they are awarded. <br />27 Subordination. The LESSEE agrees that at the LESSOR'S election this Lease shall <br />be subordinate to any land Lease, or mortgage now on or to be placed in the future on the Premises or <br />building and to any and all advances to be made thereunder and to the interest thereon and to all <br />renewals, replacements and extensions thereof, provided that such subordination shall not materially <br />6 <br />