Agenda - Council - 01/23/2024 - Laserfiche WebLink

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Landlord, Tenant shall be in breach of this Lease and Landlord shall be entitled to all of its rights and remedies under this Lease, in law, or in equity. 'No liolding over by Tenant after the Lease Tenn shall operate to extend the Lease Term orrenew this Lease. In the event of any unauthorized holding over, Tenant shall indemnify Landlord against all claims for damages by any other tenwit.to one Landlord may have leased all or any part of the Premises covered her effective upon the expiration or term i nati on of the Lease. 23. Surrender of Premises. At the termination of this Lease Fenant sisal I surrender the Premises and all keys thereof to Landlord. 24. Emm* ent Domain. If the entire Premises are taken by any public authority under the power or threat of eminent domain, then the term of this Lease shall cease as of the day possession shall be taken by such public authority, and the Landlord shall make a pro rata refund of any Rent that has been laid in advance by Tenant for a period beyond the date of the taking. In the event that less than the entire Premises is so taken and provided the Premises are not rendered untenable thereby, then.this Lease shall terminatc only at the option-of the Landlord. In the event that only a part of the Premises is so taken and that this Lease does not so ternlinate., there shall be a pro rat reduction in Rent to the extent that such taking 'Interferes in any way with Tenant's use of the Premises, and all other terms and provisions o-f this Lease shall remain in fall force and effect. AII damages awarded for such taking shall belong to and be the property of the Landlord, irrespective of the basis on which they were awarded. 25. Subordination. Tenant agrees that. at the Landlord's election, this Lease shall be subordinate to any land Lease or mortgage now on or to be placed in the future on the Premises or Building and to any and all advance s to be made thereunder and to the interest thereon and to all renewals, replacements and extensions thereof,provided that such subordination shall not materially affect either party's obligations under this Lease. Tenant hereby appoints Landlord as its attorney_i n-fact to execute such documents as mar he req u i red to ac c o m p 11 sh such subordination.. 26. No Waiver. No reference to any specific right or remedy A a]I preci ude Landlord from exercising any other right or from havi'ng any other remedy or from maintaining any action to which it may otherwise be entitled ether at law or in equity. Landlord's failure to insist upon a strict performance of any covenant of this Lease or to exercise any option or right herein contained shall not be a waiver or relinquishinent for the future of such covenant, right or option: but the same shall remain in full force and effect. 27. Captions. The captions and headings herein are for convenience and reference only. 6