Res 1991-009 - Laserfiche WebLink

Home Browse Search

sole cost and expense to rebuild, repair and restore its signs, fixtures, equipment and any other work necessary to open the premises for business. 9.4 During any period of reconstruction or repair of the premises, this Lease shall continue in full force and effect except that the rent shall, for the length of time necessary for the reconstruction or repair, be abated in proportion to the amount of floor area of the premises rendered unusable, but there shall be no abatement of any other amounts payable by HCAD. 9.5 Any insurance against casualty loss which may be carried by ei ther party for its benefit shall be under the sole control of the party carrying the insurance and the other party shall have no interest in any of the proceeds. Both parties expressly waive any cause of action or right to recovery which either of them may have against the other for any loss or damage to the premises or to contents belonging to either party contained in the premises caused by fire, explosion, or other risk covered by the Texas standard form of fire and extended coverage policy. ARTICLE X ASSIGNMENT AND SUBLETTING lO.l HCAD shall not assign or in any manner transfer this Lease or any estate or interest in it or sublet the premises or any part of them without prior written consent of the CITY. Consent shall not be unreasonably withheld and the reason for not granting consent shall be made in writing to the HCAD. Consent by the CITY to one or more assignments or sublettings shall not operate as a waiver of the CITY's rights as to any subsequent assignments and sublettings. Notwithstanding any assignment or subletting, HCAD shall at all times remain fully responsible and liable for the payment of the rent and for compliance with all of its other obligations under this Lease. lO.2 In the event of the transfer and assignment by the CITY of its interest in this Lease and/or in the leased premises to any person, firm or corporation, said person, firm, or corporation -6-