Res 1999-203 - Laserfiche WebLink

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If such casualty makes the Premises or some part thereof temporarily unusable, the Rent shall abate in full or proportionately, as the case may be during the period in which the Premises are unfit for use by Lessee and not actually used by Lessee in the ordinary conduct of its business. 18. Assignment and Subletting; Sale of Premises 18.1 Lessee shall not assign, or in any manner transfer this Lease or any estate or interest therein, or sublet the Premises or any part thereof, without the prior written consent of Lessor and any such attempt to assign, transfer or sublet shall be void and of no effect. Lessee acknowledges that this Lease is personal to Lessee for the use specified herein, and that Lessor may condition any consent on an increase in Rent or any other changes in the terms and conditions thereof. In the event that the rent due and payable by an Assignee or Sublessee exceeds the rent payable under this Lease by the Assignor or Sub lessor, the excess rental or consideration shall be paid by Lessee to Lessor within ten (10) days following receipt thereof by Lessee. Consent by Lessor to one or more assignments or subletting shall not operate as a waiver of Lessor's rights as to any subsequent assignments and subletting. Notwithstanding any assignment or subletting, Lessee shall at all times remain fully responsible and liable for the payment of all Rent and other fees and charges herein specified and for compliance with all its other obligations under this Lease. 18.2 deleted. not applicable 18.3 In the event of the transfer and assignment by Lessor of its interest in this Lease and in the building containing the Premises to a person, firm, corporation or any other entity, assuming Lessor's obligations under this Lease, Lessor shall thereby be released from further obligations hereunder and Lessee shall look solely to the responsibility of such successor in interest of the Lessor. Any security given by Lessee to secure performance of its obligations hereunder may be assigned and transferred by Lessor to such successor in interest of Lessor and Lessor, upon such assignment or transfer, shall thereby be discharged of any further obligation relating thereto. 18.4 In the event of a transfer, assignment or sale of the Premises, Lessee agrees to be bound to and attorn to such transferee, assignee or purchaser as if such transferee, assignee or purchaser were the original Lessor hereunder. 19. Surrender of Premises and Holding Over. At the expiration of the Term, Lessee shall surrender the Premises in the same condition as the Premises were in upon delivery of possession thereof to Lessee, reasonable wear and tear excepted, and damage by unavoidable casualty excepted (to the extent, and only to the extent, that the same is covered by the proceeds of Lessor's fire and extended coverage insurance policy), and Lessee shall surrender all keys for the Premises to Lessor at the Rental Payment Place, and shall inform. Lessor in writing of all combinations on locks, safes and vaults, if any, in the Premises. If Lessee shall default in so surrendering the Premises, or Lessee should remain in possession of the Premises after expiration of the Term, without the execution of a new lease, then Lessee's occupancy subsequent to such expiration, whether or not with the consent or acquiescence of Lessor, shall be deemed to be that of a tenancy at shall and from month to month, and it shall be subject to all terms, covenants and conditions of this Lease applicable thereto, and no extension or renewal of this Lease shall be deemed to have occurred by such holding over; provided, however that notwithstanding the above as liquidated monthly damages by reason of such holding over, the Minimum Rental and Percentage Rental for any such holdover period shall be 125% of the amount of monthly Minimum Rental payable during the last month of the Term 20. Events of Default and Remedies 10 Lessee~ Lessor KW