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Res 1991-009
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Res 1991-009
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7/12/2007 4:21:39 PM
Creation date
7/12/2007 4:21:39 PM
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City Clerk
City Clerk - Document
Resolutions
City Clerk - Type
Agreement
Number
1991-9
Date
1/28/1991
Volume Book
101
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<br /> takes said interest subject to the rights of the HCAD in this <br /> Lease and the obligations of the CITY hereunder. <br /> ARTICLE XI <br /> EVENTS OF DEFAULT AND REMEDIES <br /> ll.l The following events shall be deemed to be events of default <br /> by HCAD under this Lease: <br /> ( l) HCAD fails to pay when due any installment of rent or <br /> any other sums or charges due under this Lease. <br /> (2) HCAD fails to comply with any term, provision, or <br /> covenant of this Lease, other than the payment of rent, and shall <br /> not cure such failure with thirty (30) days after written notice. <br /> (3 ) HCAD deserts or vacates any substantial portion of the <br /> premises. <br /> l1.2 The following events shall be deemed to be events of default <br /> by the CITY under this Lease: <br /> ( l) CITY fails to pay when due all charges for electricity, <br /> gas, water, waste water, and garbage services to the premises. <br /> (2) CITY fails to comply with any term, provision, or <br /> covenant of this Lease, other than the payment of the <br /> aforementioned charges and shall not cure such failure within <br /> thirty (30) days after written notice. <br /> ll. 3 Upon the occurrence of any event of default, the <br /> non-defaulting party shall have the option to pursue any remedy or <br /> remedies permitted by law without any notice or demand whatsoever, <br /> including the entry upon the leased premises without being liable <br /> for prosecution or any claim for damages, and do whatever the <br /> defaulting party is obligated to do under the terms of this Lease. <br /> ll.4 The defaulting party agrees to reimburse the non-defaulting <br /> party on demand for any expenses which the non-defaulting party <br /> may incur in effecting compliance with the defaulting party's <br /> obligations under this Lease. The non-defaulting party shall not <br /> be liable for any damages resulting to the defaulting party from <br /> such action, whether caused by the non-defaulting party's <br /> negligence or otherwise. Pursuit of any one or more remedies <br /> reflected above shall not preclude pursuit of any of the other <br /> -7- <br />
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