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Res 2006-016
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Res 2006-016
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Last modified
6/18/2008 9:20:45 AM
Creation date
7/25/2006 1:40:02 PM
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City Clerk
City Clerk - Document
Resolutions
City Clerk - Type
Agreement
Number
2006-16
Date
2/7/2006
Volume Book
165
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e.k voi F~9 <br />ii6ia?4415 OF'Fi ~99p 6~8 <br />8.2 Remedies. Upon the occurrence of any Event of Default set forth in this Lease, <br />Lessor is entitled to pursue any one or more of the remedies set forth herein without any notice <br />or demand: <br />(a) Without declaring this Lease terminated, Lessor may enter upon and take <br />possession of the Leased Premises, without judicial process, and, in compliance with applicable <br />law, lock out, expel or remove Lessee and any other Person who may be occupying all or any <br />part of the Leased Premises without being liable for any claim for damages, in which event <br />Lessor shall be entitled to receive (i) all Base Rent and other amounts accrued hereunder as of <br />the date of termination of possession, (ii) reimbursement of any reasonable expenditures made by <br />Lessor in order to relet the Leased Premises, including, but not limited to, leasing commissions, <br />lease incentives, remodeling and repair costs and (iii) all Base Rent and other net sums required <br />hereunder to be paid by Lessee during the remainder of the Term, diminished by any net sums <br />thereafter received by Lessor through reletting the Leased Premises during such period, after <br />deducting all costs incurred by Lessor in reletting the Leased Premises. Lessor shall use <br />reasonable efforts to relet the Leased Premises on such terms as Lessor in its sole discretion may <br />determine (including a term different from the Term, rental concessions and alterations to, and <br />improvement of, the Leased Premises). Lessor shall not be liable for, nor shall Lessee's <br />obligations hereunder be diminished because of, Lessor's failure to relet the Leased Premises or <br />to collect rent due for such reletting. Lessor shall not be entitled to the excess of any <br />consideration retained by reletting over the Base Rent due hereunder. Reentry by Lessor in the <br />Leased Premises shall not affect Lessee's obligations hereunder for the unexpired Term; rather, <br />Lessor may, from time to time, bring an action against Lessee to collect amounts due by Lessee, <br />without the necessity of Lessor waiting until the expiration of the Term. Unless Lessor delivers <br />written notice to Lessee expressly stating that it has elected to terminate this Lease, all actions <br />taken to dispossess or exclude Lessee from the Leased Premises shall be deemed to be taken <br />under this Section 8.2(a). If Lessor elects to proceed under this Section 8.2(a), it may at any time <br />elect to terminate this Lease under Section 8.2(c). <br />(b) Without declaring this Lease terminated, Lessor may enter upon the <br />Leased Premises, without judicial process and without being liable for any claim for damages, <br />and do whatever Lessee is obligated to do under the terms of this Lease. Lessee agrees to <br />reimburse Lessor on demand for any reasonable expenses which Lessor may incur in effecting <br />compliance with Lessee's obligations under this Lease; further, Lessee agrees that Lessor will not <br />be liable for any damages resulting to Lessee from effecting compliance with Lessee's <br />obligations under this Lease except to the extent caused by the negligence or willful misconduct <br />of Lessor or otherwise. <br />(c) Lessor may terminate this Lease, in which event Lessee shall immediately <br />surrender the Leased Premises to Lessor, and if Lessee fails to surrender the Leased Premises, <br />Lessor may, without prejudice to any other remedy which it may have for possession or <br />arrearages in rent, enter upon and take possession of the Leased Premises, without judicial <br />process, and, in compliance with applicable law, lock out, expel or remove Lessee and any other <br />person who may be occupying all or any part of the Leased Premises without being liable for any <br />claim for damages. Lessee agrees to pay on demand the amount of all loss and damage which <br />Lessor may suffer by reason of the termination of this Lease under this Section, including <br />without limitation, loss and damage due to the failure of Lessee to maintain and or repair the <br />C-16 <br />903273.4 <br />
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