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Agenda - Council - 07/14/2020
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Agenda - Council - 07/14/2020
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3/17/2025 1:51:28 PM
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Meetings
Meeting Document Type
Agenda
Meeting Type
Council
Document Date
07/14/2020
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Landlord against all claims for damages by any other tenant to whom Landlord <br />may have leased all or any part of the Additional Premises covered hereby <br />effective upon the expiration or termination of the Lease. <br />21. Surrender of Premises. At the termination of this Lease, Tenant shall <br />surrender the Additional Premises and all keys thereof to Landlord. <br />22. Eminent Domain. If the entire Additional Premises are taken by any public <br />authority under the power or threat of eminent domain, then the term of this <br />Lease shall cease as of the day possession shall be taken by such public <br />authority, and the Landlord shall make a pro rata refund of any Rent that has <br />been paid in advance by Tenant for a period beyond the date of the taking. If <br />less than the entire Additional Premises is so taken and provided the Additional <br />Premises are not rendered untenable thereby, then this Lease shall terminate <br />only at the option of the Landlord. In the event that only a part of the <br />Additional Premises is so taken and that this Lease does not so terminate, there <br />shall be a pro rata reduction in Rent to the extent that such taking interferes in <br />any way with Tenant's use of the Additional Premises, and all other terms and <br />provisions of this Lease shall remain in full force and effect. All damages <br />awarded for such taking shall belong to and be the property of the Landlord, <br />irrespective of the basis on which they were awarded. <br />23. Subordination. Tenant agrees that, at the Landlord's election, this Lease shall <br />be subordinate to any land Lease or mortgage now on or to be placed in the <br />future on the Additional Premises or Building and to any and all advances to be <br />made thereunder and to the interest thereon and to all renewals, replacements <br />and extensions thereof, provided that such subordination shall not materially <br />affect either party's obligations under this Lease. Tenant hereby appoints <br />Landlord as its attorney -in -fact to execute such documents as may be required <br />to accomplish such subordination. <br />24. No Waiver. No reference to any specific right or remedy shall preclude <br />Landlord from exercising any other right or from having any other remedy or <br />from maintaining any action to which it may otherwise be entitled ether at law <br />or in equity. Landlord's failure to insist upon a strict performance of any <br />covenant of this Lease or to exercise any option or right herein contained shall <br />not be a waiver or relinquishment for the future of such covenant, right or <br />option; but the same shall remain in full force and effect. <br />25. Captions. The captions and headings herein are for convenience and reference <br />only. <br />26. Brokers. Each of the parties represents and warrants to the other that there are <br />no claims for brokerage commission or finder's fees in connection with the <br />execution of this Lease, and agrees to indemnify the other against, and hold it <br />5 <br />
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