Res 1999-155 - Laserfiche WebLink

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(1) The Co-op fails to comply with any term, provision, or covenant of this Lease, and does not cure the failure within 10 days (the "Cure Period") after receipt of a written notice from the City. (2) The Co-op deserts or vacates any substantial portion of the Leased Premises. 6.2 Upon the occurrence of an event of default, the City will have the option to pursue any remedy or remedies permitted by law without any notice or demand whatsoever, including the entry upon the Leased Premises without being liable for prosecution or any claim for damages, and do whatever the Co-op is obligated to do under the terms of this Lease. 6.3 The Co-op agrees to reimburse the City for any expenses which the City may incur in effecting compliance with Co-op's obligations under this Lease. Pursuit of anyone or more remedies will not preclude the City from pursuing any other remedies provided by law, nor will pursuit of any remedies constitute a forfeiture or waiver of any rent due to the City, or of any damages accruing to the City by reason of the violation of any of the terms of the Lease. 6.4 If it will become necessary for the City to use an attorney to enforce or defend any of the City's rights or remedies due to any breach or default by the Co-op in its obligations, the Co- op agrees to pay reasonable attorney's fees incurred by the City. Article 7. Term and Termination 7.1 The term of this Lease will be for a period of two years from its effective date. This Lease will automatically renew for one year periods thereafter unless one party notifies the other of its intention not to renew the Lease at least 30 days in advance of an anniversary of the effective date. 7.2 Either party may terminate this Lease at any time and for any reason by giving 90 days advance written notice. The notice will state the date of the termination. 7.2 In the event of a default by the Co-op that is not cured by the Co-'op within the Cure Period, the City may terminate this Lease at any time upon written notice to the Co-op. Article 8. Miscellaneous 8.1 If any clause or provision of this Lease is illegal, invalid or unenforceable under present or future laws in effect during the term of this Lease, it is the intention of the parties that the remainder of this Lease will not be affected. 8.2 This Lease may not be altered, changed, or amended, except by a written instrument signed by both parties. "l .)