Res 1996-106 - Laserfiche WebLink

Home Browse Search

996 $300,000.00 for more than one person for aAY loss, damage or injury to persons or property on or about the Leased Premises by virtue of any defects or dangerous condition of the Lease Premises or any part thereof. f. In the event that the Leased Premises is damaged or destroyed by fire, storm, explosion, act of a public enemy or any other casualty, Lessee shall give immediate notice to the Lessor, and the Leased Premises shall be repaired at the expense of the Lessor as speedily as possible, commencing within thirty (30) days after the damage, and, the Lessee shall receive an abatement of rent proportionate to the loss of the use of the Leased Premises. In the event that the damage shall be so extensive as to render the Leased Premises untenable, then rent shall cease until such time as the Leased Premises shall again be put in a tenable condition suitable for Lessee's purposes. Notwithstanding any of the provisions of this paragraph, in the event that the damage shaH be so extensive as to render the Leased Premises untenable to such an extent as to require more than 90 days or the balance of the rental period of this Lease, whichever is shorter, in which to repair the damage to a condition suitable to Lessee's purposes or to require the expenditure of a sum of money exceeding the contributory value of the improvements prior to such casualty or damage, then either party may terminate this Lease, upon giving the other party a thirty (30) day written notice of such termination. 11. ASSIGNMENT AND SUBLETTING: .. a. Lessee may not assign this Lease or sublet the Leased Premises, or any part thereof, except upon the prior written consent of the Lessor. No assignment or sublease by Lessee shall affect a release of any of Lessee's obligations under this Lease, except upon the prior written consent of the Lessor. . b. In the event of the transfer or assignment by the Lessor of its interest in this Lease and/or in the Leased Premises to a person, firm or corporation which assumes the Lessor's obligations under this Lease, the Lessor shall be released from any further obligations and the Lessee agrees to look solely to the successor in interest of the Lessor to enforce its rights and interests under this Lease or applicable law subject to receipt of a thirty (30) day written notice delivered to Lessee of said change in Lessor's interest that clearly indicates the name, address, telephone number to whom rental payments are to be made together with new good and sufficient insurance policies as required under paragraphs "10(b)" and "10(c)." 12. MAINTENANCE AND REPAIRS: a. Lessor agrees to keep and maintain the Leased Premises in good repair including, but not limited to the roof, walls and foundation of the building, and agrees to keep the building in a structurally sound and weathertight condition.