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Res 1993-021
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Res 1993-021
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Last modified
7/2/2007 2:14:31 PM
Creation date
7/2/2007 2:14:31 PM
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City Clerk
City Clerk - Document
Resolutions
City Clerk - Type
Agreement
Number
1993-21
Date
1/25/1993
Volume Book
109
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11.3. <br /> <br />11.4. <br /> <br />11.5. <br /> <br />12.1. <br /> <br /> to do so with reasonable diligence and at its sole cost and <br /> expense. <br /> <br /> Lessor's obligation to rebuild and repair under this article <br /> shall be limited to restoring the damaged portion of the Leased <br /> Premises to substantially the condition in which Lessor had <br /> placed the Leased Premises at the time of Lessor's tender of <br /> possession thereof to Lessee hereunder, as modified by ordinary <br /> wear and tear preceding such damage or destruction. Lessee <br /> agrees that, promptly after completion of such work by Lessor, <br /> it will proceed with reasonable diligence and at its sole cost <br /> and expense to rebuild, repair and restore its signs, fixtures, <br /> equipment and any other work necessary to open the Leased <br /> Premises for business. ~ <br /> <br />During any period of reconstruction or repair of the Leased <br />Premises, this Lease shall continue in full force and effect <br />except that the fixed rental shall be abated for the length of <br />time necessary for the reconstruction or repairs in proportion <br />to the amount of floor area of the Leased Premises rendered <br />unusable, but there shall be no'abatement of any other amounts <br />payable by Lessee under the terms hereof. <br /> <br />Any insurance against casualty loss which may be carried by <br />either Lessor or Lessee shall be under the sole control of the <br />party carrying such insurance and the other party shall have no <br />interest in any proceeds of such insurance. Lessor and Lessee <br />hereby expressly waive any cause of action or right of recovery <br />which either of them may hereafter have against the other for <br />any loss or damage to the leased premises or to the contents <br />thereof belonging to either contained in said premises caused by <br />fire, explosion, or other risk covered by the Texas standard <br />form of fire and extended coverage policy. <br /> <br /> ARTICLE XII. <br /> <br /> Assig-ment and Subletting <br /> <br />Lessee shall not assign or in any manner transfer this Lease or <br />any estate or interest therein or sublet the Leased Premises or <br /> <br /> -12- <br /> <br /> <br />
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