Laserfiche WebLink
Premises are untenantable in whole or in part following such damage, the rent payable <br />during the period in which they are untenantable shall be adjusted based on the <br />proportion of the Leased Premises rendered unusable as compared to the entire Leased <br />Premises, but there shall be no abatement of any other amounts payable by Lessee under <br />the terms of this Lease. In the event that Lessor fails to complete such rebuilding or <br />repairs within onehundred eighty (180) working days after the date of Lessor’s receipt of <br />insurance proceeds in connection with the casualty, Lessee may terminate this Lease as to <br />the portion of the Leased Premises affected by the casualty or in its entirety upon thirty <br />(30) days’ written notice to Lessor, in which event, except for obligations of the parties <br />which survive termination, the parties shall have no further rights or obligations under <br />this Lease or, as applicable, with respect to the terminated portion of the Leased Premises <br />as of the effective date of termination. <br />ARTICLE 14: ASSIGNMENT AND SUBLETTING <br />14.01 <br />Assignment by Lessee. Except with respect to a Permitted Assignment (as defined below), <br />Lessee may not assign this Lease, or any of its rights or obligations hereunder, in whole or in part, <br />including by operation of law, without the prior written consent of Lessor; provided (i) no change <br />in the direct or indirect control of Lessee or any ownership interests therein shall be considered an <br />assignment, and (ii) Lessor shall not unreasonably withhold, condition or delay its consent to a <br />proposed assignment. In connection with any request by Lessee for Lessor’s consent to a <br />proposed assignment, Lessor’s denial of such consent shall be based upon the following: <br />a.In the reasonable judgment of Lessor, the assignee (i) is of a character or engaged in a <br />business or proposes to use the Leased Premises in a manner which is not in keeping with <br />Airport standards or would diminish the value of the Airport, or (ii) in Lessor’s <br />reasonable opinion, is not creditworthy (provided, consent shall not be denied if Lessee <br />agrees to remain liable under this Lease); <br />b.The occupancy of the Leased Premises by the proposed assignee would cause Lessor’s <br />insurance to be cancelled (or increased, unless such costswill be reimbursed by the <br />proposed assignee); <br />c.The use is not a use generally in keeping with uses allowed at the Leased Premises; or <br />d.The use is prohibited at the Airport. <br />Such consent shall be deemed to have been granted if written notice of non-consent is not <br />received by Lessee within thirty (30) days of a written request for consent. <br />14.02 <br />Sublease. Notwithstanding the provisions of Section 14.01, Lessee may sublease or otherwise <br />permit the use of office space to subtenants or other users without Lessor’s prior consent provided <br />that (i) the sublease or other use and occupancy agreement is expressly subject to and subordinate <br />to this Lease, and (ii) the terms of the sublease or other use or occupancy agreement are <br />consistent with the terms and conditions of this Lease. Additionally, Lessee shall provide Airport <br />Management with a list of subtenants no more than two times per calendar year. <br />14.03 <br />No Release. Except for a Permitted Assignment or assignment to a Qualified Lessee (as defined <br />below) to which Lessor has consented pursuant to Section 14.01, no assignment, sublease or grant <br />of use and occupancy rights shall relieve Lessee of its obligations to Lessor hereunder. Any <br />15 <br /> <br />