Res 2006-016 - Laserfiche WebLink

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e.E; Vol Fs iad~i?441` OF`F' ?44ii d24 Leased Premises as required hereunder. In addition, upon termination Lessor may collect from Lessee an amount equal to the difference between the then present value of the amount of all future rentals required to be paid under this Lease from the date Lessor terminates this Lease until the original termination date, less the then present value of the fair market rental value of the Leased Premises during such period, both calculated using a discount rate of seven percent (7%) per annum. Notwithstanding anything contained in this Lease to the contrary, this Lease may be terminated by Lessor only by delivering written notice of such termination to Lessee, and no other act or omission of Lessor constitutes a termination of this Lease. (d) Lessee hereby expressly waives any and all rights of redemption granted by or under any present or future laws in the event of Lessee being evicted or dispossessed for any cause, or in the event of Lessor obtaining possession of the Leased Premises by reason of the violation by Lessee of any of the covenants and conditions of this Lease or otherwise. The rights given to Lessor herein are in addition to any rights that may be given to Lessor by any statute or otherwise. (e) Lessor's pursuit of any remedy specified in this Lease will not constitute an election to pursue that remedy only, nor preclude Lessor from pursuing any other remedy available at law or in equity, nor constitute a forfeiture or waiver of any Base Rent or other amount due to Lessor as described herein. ARTICLE 9 Default of Lessor 9.1 Defaults and Remedies. In the event of any breach by Lessor of any covenant of Lessor under this Lease, Lessee shall have the right to deliver to Lessor a written notice specifying such breach, and unless within ninety (90) days from and after the date of delivery of such notice Lessor shall have commenced to remove or to cure such breach or occurrence and shall be proceeding with reasonable diligence to completely remove or cure such breach or occurrence (provided such breach or occurrence must be cured within one hundred eighty (180) days after such notice), then Lessee shall have all remedies available at law or in equity. ARTICLE 10 Condemnation 10.1 Definitions. Whenever used in this Article 10, the following words shall have the definitions and meanings hereinafter set forth: (a) "Condemnation ProceedinE". Any action brought for the purpose of any taking of the Leased Premises, or any part thereof or of any property interest therein (including, without limitation, the right o the temporary use of all or any portion of the Leased Premises), by competent authority as a result of the exercise of the power of eminent domain, including a voluntary sale to such authority either under threat of condemnation or while such action or proceeding is pending. C-17 803273,4