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Res 2010-062
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Res 2010-062
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5/28/2010 4:29:00 PM
Creation date
4/27/2010 9:16:49 AM
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City Clerk
City Clerk - Document
Resolutions
City Clerk - Type
Lease
Number
2010-62
Date
4/20/2010
Volume Book
185
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practical to substantially the same condition before such damage. However, if Lessor determines <br />that the Leased Premises are completely destroyed or so badly damaged that repairs cannot be <br />commenced within thirty (30) days after the casualty and completed within 180 days thereafter, then <br />this Lease may be terminated as of the day of the occurrence of the damage or destruction by either <br />Lessor or Lessee by serving written notice upon the other. <br />If the Leased Premises are totally destroyed or so damaged by fire or other casualty that <br />Lessee's Office space cannot reasonably be used by Lessee for the purposes allowed in this Lease <br />and if this Lease is not terminated as above provided, there shall be a total abatement of rent until <br />Lessee's office space is made usable. If the Leased Premises are partially destroyed or damaged by <br />fire or other casualty so that Lessee's office space can be only partially used by Lessee for the <br />purposes allowed in this Lease, there shall be a partial abatement in the rent corresponding to the <br />time and extent to which such Premises are not and cannot reasonably be used by Lessee. <br />If the Leased Premises are totally or partially damaged by fire or other casualty resulting <br />from the fault or negligence of Lessee or Lessee's agents, employees, family, licensees, invitees or <br />visitors, such damage shall be repaired by Lessor at the expense of Lessee and rent shall not be <br />abated. <br />17.1. Condemnation. If the entire building is taken in condemnation, this Lease shall <br />terminate one day prior to such taking. If only a portion of the office building's parking lot is taken <br />in condemnation, Lessee's right to use such portion shall be reduced only to the extent that such <br />partial taking reduces the fair market value of Lessee's office space. Lessee shall not participate in <br />any of the condemnation award. All awards or compensation by reason of condemnation by any <br />governmental agency (or private sale in lieu of such condemnation) of all or any portion of the <br />Leased Premises shall belong entirely to Lessor; and Lessee hereby assigns its interest, if any, in <br />such awards to Lessor. The term "Fair Market Value" as used above shall be as defined by Texas <br />case law regarding condemnation proceedings. <br />18.1 Default by Lessor. Lessee shall have any or all of the rights and remedies set forth <br />below in the event of default by Lessor. All notices regarding lease violations shall be in accordance <br />with Paragraph 28. 1, unless otherwise specified below. <br />Lessor shall be considered in default and Lessee shall be entitled to recover actual <br />damages and/or terminate this Lease if (a) Lessor fails to pay any sums due and owing to Lessee <br />within ten (10) days after written demand from Lessee, or (b) Lessor fails to make diligent efforts to <br />restore interrupted utilities after written demand from Lessee, or (c) Lessor fails to perform any other <br />lease obligation diligently after written demand from Lessee. Lessor shall not be in default under (c) <br />above if Lessor diligently commences to cure such noncompliance and diligently proceeds to cure <br />same after receiving a second written notice of such default. If any services furnished by Lessor are <br />interrupted and continue to be interrupted despite Lessor's diligent' efforts of Lessor to remedy same, <br />Lessor shall not be liable in any respect for damages to Lessee's person, property or business; and <br />same shall not be construed as grounds for constructive eviction or abatement of rent. <br />19.1. Default by Lessee. Lessor shall have any or all of the rights and remedies set forth <br />below in the event of default by Lessee. All notices regarding lease violations shall be in accordance <br />with Paragraph 28.1 unless otherwise specified below. <br />(a) The occurrence of any of the following shall constitute a default by Lessee: (1) failure <br />to pay re any other sum due by Lessee under this Lease, if failure to pay continue or 10 days <br />Lessor 9 Lessee: <br />W.I.C. Lease <br />
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