Res 1982-037 - Laserfiche WebLink

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C. If this lease is terminated as provided in this para- graph, rent shall be paip up to the date that possession is so taken by public authority, and City shall make an equitable re- fund of any rent paid by Company in advance. D. Award: Company shall not be entitled to and expressly waives all claim to any condemnation award for any taking, whether whole or partial, and whether for diminution in value of the leasehold or to the fee, although Company shall have the right, to the extent that the same shall not reduce city's award, to claim from the condemnor, but not from City, such compensation as may be recoverable by Company in its own right for damage to Company's business and fixtures. XIV. A. If Company fails to pay any rental or other payment due hereunder or upon its failure to perform any other of the terms of this lease to be observed or performed by Company on its part to be observed or performed, or if Company shall become a bankrupt, or insolvent, or file any debt or proceedings, or take or have taken against Company in any court pursuant to any statute either of the united States or of the State of Texas a petition in bankruptcy or insolvency or for reorganization or for the appointment of a receiver or trustee for all or a portion of Company's property, or if Company makes an assignment for the benefit of creditors, or petitions for or enters into an arrange- ment, or suffers this lease to be taken under any writ of execu- tion or attachment, or if this lease shall pass to or dissolve upon by law or otherwise, one other than Company except as herein provided, then, in anyone or more such events, upon City serving written thirty (30) day notice of cancellation upon Company specifying the nature of said default, and, if at the expiration of said thirty (30) days, Company shall have failed to comply with or remedy such default, then this lease and the term there- under, shall, at the option of City, terminate and come to an