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Res 1991-084
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Res 1991-084
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7/19/2007 10:31:55 AM
Creation date
7/19/2007 10:31:55 AM
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City Clerk
City Clerk - Document
Resolutions
City Clerk - Type
Lease
Number
1991-84
Date
7/22/1991
Volume Book
103
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<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 /> ARTICLE XII. <br /> Assignment and Subletting <br />12.1. 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 /> any part thereof without the prior written consent of Lessor. <br /> Consent by Lessor to one or more assignments or sublettings <br /> shall not operate as a waiver of Lessor's rights as to any <br /> subsequent assignments and sublettings. Notwithstanding any <br /> assignment or subletting, Lessee shall at all times remain fully <br /> responsible and liable for the payment of the rent herein <br /> specified and for compliance with all of its other obligations <br /> under this Lease. <br />12.2. In the event of the transfer and assignment by Lessor of its <br /> interest in this Lease and in the building on the Leased <br /> Premises to a person, firm or corporation, assuming Lessor's <br /> obligations hereunder, Lessee agrees to look solely to the <br /> responsibili ty of such successor in interest of the Les.sor. Any <br /> security given by Lessee to secure performance of its <br /> obligations hereunder may be assigned and transferred by Lessor <br /> to such successor in interest of Lessor and Lessor shall thereby <br /> be discharged of any further obligation. <br /> ARTICLE XIII. <br /> Events of Default and Remedies <br />13.1 The following events shall be deemed to be events of default by <br /> Lessee under this Lease: <br /> (1) Lessee fails to pay when due any rental or any other sums or <br /> charges due under this Lease. <br /> (2) Lessee fails to comply with any other term, provision, or <br /> covenant of this Lease, and does not cure the failure <br /> within 30 days after written notice thereof to Lessee. For <br /> -13- <br />
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