Laserfiche WebLink
from without terminating this Lease or the estate created hereby. If Lessor retakes <br />possession of the Leased Premises as provided herein, Lessor may lease, manage and <br />operate the Leased Premises and collect the rents, issues and profits there from for the <br />account of Lessee, and credit to the satisfaction of Lessee’s obligations hereunder the net <br />rental thus received, after deducting therefrom all reasonable, actual out-of-pocket third <br />party costs and expenses of repossessing, leasing, managing and operating the Leased <br />Premises. <br />c.Enter and Perform. Lessor shall have the right, but not the obligation, to enter upon the <br />Leased Premises and perform any obligation that Lessee has failed to perform. All <br />reasonable and actual costs and expenses incurred by Lessor in performing such <br />obligations of Lessee shall be deemed additional Rent payable by Lessee to Lessor. <br />d.Other Remedies. Lessor may exercise any other right or remedy available to Lessor <br />under this Lease or at law or in equity. <br />e.Default by Lessor. Lessor shall be deemed to be in default of this Lease (herein, a <br />“Lessor Default”) if Lessor shall fail to keep, perform or observe any of the covenants, <br />agreements, terms or provisions contained in this Lease that are to be kept or performed <br />by Lessor and Lessor shall fail to cure such failure within thirty (30) days after delivery <br />by Lessee to Lessor of written notice specifying the failure; provided, so long as the <br />subject default did not occur due to Lessor’s breach of an affirmative covenant herein <br />(e.g., pursuant to Sections 1.01, 1.05, 1.06, 3.08, 7.01(a), 9.02 and Article 8), if the failure <br />is curable other than by the payment of money but cannot be cured within such thirty (30) <br />day period, Lessor shall not be in default if Lessor commenced cure of the failure during <br />such thirty (30) day period and thereafter diligently and continuously pursues the cure to <br />its completion. <br />15.03Lessee’s Remedies. If a Lessor Default occurs, Lessee may at any time thereafter and prior to the <br />cure thereof do any one or more of the following: <br />a.Terminate this Lease. Lessee may terminate this Lease by giving Lessor written notice <br />thereof, in which event this Lease and the leasehold estate hereby created and all interest <br />of Lessee and all parties claiming by, through or under Lessee shall automatically <br />terminate upon the effective date of such notice and, except for the obligations of the <br />parties whichsurvive closing and Lessee’s rights under b. below (which shall survive <br />termination), the parties shall have no further rights or obligations hereunder; or <br />b.Other Remedies. Lessee may exercise any other right or remedy available to Lessee <br />under this Leaseor under Applicable Law, except as expressly limited by the terms of <br />this Lease. <br />15.04Acceptance of Rent. The acceptance by Lessor of Lessee’s quarterly payments subsequent to the <br />occurrence of any event of default shall be considered to be compensation for Lessee’s use and <br />occupancy of the Leased Premises, and shall in no way constitute a waiver by Lessor of its right <br />to exercise any remedy provided for any event of default. <br />ARTICLE 16: LESSOR’S LIEN <br />16.01Subordination of Lessor’s Lien. Upon written request from Lessee, Lessor agrees to reasonably <br />subordinate its statutory and contractual landlord’s liens on the Improvements or Lessee’s <br />18 <br /> <br />