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Res 1992-148
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Res 1992-148
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7/12/2007 2:45:29 PM
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7/12/2007 2:45:29 PM
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City Clerk
City Clerk - Document
Resolutions
City Clerk - Type
Agreement
Number
1992-148
Date
12/14/1992
Volume Book
109
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<br /> 23 f1¡1 <br /> -14- <br /> written notice of termination delivered to the other party within <br /> thirty (30) days after the date physical possession is taken by the <br /> condemning author~ty. <br /> 1,4. 04 All compensation awarded for any taking (or the <br /> proceeds of private sale in lieu thereof) of the Demised Premises <br /> or Common Area shall be the property of Landlord, and Tenant hereby <br /> assigns its interest in any such award to Landlord; provided, <br /> however, that Landlord shall pave no interest in any award made to <br /> Tenant for loss of business or for the taking of Tenant's fixtures <br /> and other property if a separate award for such items is made to <br /> Tenant. <br /> ARTICLE XV. ASSIGNMENT AND SUBLETTING <br /> ~ <br /> 15.01 Tenant shall not assign or in any manner transfer this <br /> lease or any estate or interest therein; or sublet the Demised <br /> Premises or any part thereof; or grant any license, concession, or <br /> other right of occupancy of any portion of the Demised Premises <br /> without the prior written consent of Landlord. <br /> 15.02 In the event of the tran~fer and assignment by Landlord <br /> of its interest in this lease and in the building containing the <br /> Demised Premises to a person expressly assuming Landlord's <br /> obligations under this lease, Landlord shall thereby be released <br /> from any further obligations hereunder, and Tenant agrees to look <br /> solely to such successor in interest of the landlord for <br /> performance of such obligations. Any security given by Tenant to <br /> secure performance of Tenant's obligations hereunder may be <br /> assigned and transferred by Landlord to such successor in interest, <br />
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