Laserfiche WebLink
<br /> 7'F <br />11.4 During any period of reconstruction or repair of the Leased Premises, this Lease shall <br /> continue in full force and effect except that the rental shall be abated for the length of time <br /> necessary for the reconstruction or repairs in proportion to the amount of floor area of the <br /> Leased Premises rendered unusable, but there shall be abatement of any other amounts <br /> payable by Lessee under the terms hereof. <br />11.5 Any insurance against casualty loss which may be carried by either Lessor or Lessee shall <br />~-~ be under the sole control of the party carrying such insurance and the other party shall have <br /> no interest in any proceeds of such insurance. Lessor and Lessee expressly waive any <br /> cause of action or right to recovery which either of them may have against the other for any <br /> loss or damage to the Leased Premises or to the contents belonging to either contained in <br /> said premises caused by fire, explosion, or other risk covered by the Texas standard form <br /> of fire and extended coverage policy. <br /> ARTICLE 12. <br /> Assignment and Subletting <br />12.1 Lessee shall not assign or in any manner transfer this Lease of any estate or interest or <br /> sublet the Leased Premises or any part thereof without the prior written consent of Lessor. <br /> Consent by Lessor to one or more assignments or sublettings shall not operate as a waiver <br /> of Lessor's rights as to any subsequent assignments and sublettings. Notwithstanding any <br /> assignment or subletting, Lessee shall at all times remain fully responsible and liable for the <br /> payment of the rent herein specified and for compliance with all of the obligations under this <br /> Lease. <br /> . <br />12.2 In the event of the transfer and assignment by Lessor of its interest in this Lease and in the <br /> building containing the Leased Premises to a person, firm or corporation, assuming Lessor's <br /> obligations, the Lessee agrees to look solely to the successor in interest of Lessor. Any <br /> security given by Lessee to secure the performance of its obligations may be assigned and <br /> transferred by Lessor to the successor in interest of Lessor and Lessor shall be discharged <br /> of any further obligation. <br /> ARTICLE 13. <br /> Events of Default and Remedies <br />13.1 The following events shall be deemed to be events of default by Lessee under this Lease: <br /> A. Lessee fails to pay when any rental or any other sums or charges are due under this <br /> Lease. <br /> 8. Lessee fails to comply with any term, provision, or covenant of this Lease, other than <br /> the payment of rent, and does not cure the failure within 30 days after written notice thereof <br /> to Lessee. <br /> C. Lessee becomes insolvent, or makes a transfer in fraud of creditors, or makes an <br /> assignment for the benefit of creditors. <br /> D. Commencement by or against Lessee of proceedings in bankruptcy, or for <br /> reorganization of Lessee, or for the readjustment or arrangement of Lessee's debts, whether <br /> under the Bankruptcy Act of the United States of America or under any other law, whether <br /> 7 <br />