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<br /> • (n) The Compnny � hal.l , nL iCs own cost nnd axpen�,e , cvnatruct or Lnr, call
<br /> repincemenC or substitute ytructures , mnchinery , equ:Lpment or ather. improvemeu� :; having
<br /> � z a ; air markeC ��alue (UuL• uot necesenrily Che t>unte funcL' ion ) cit 1en:zC equc� l Cu � tie Priir
<br /> y4. markeC vnlue , prior to ciemol3.tion or removul , uf et�c }'�roperty dcmollahed or removed ;
<br /> f;i provided , however , tt�at ull aui:h 3CrucCures , mudtinery , cyuipment or othcr imprnvemc�nCn
<br /> consCructed or inytalled in repincement br subsCitution thereoE ahnll Uu fca� of all
<br /> �A liens nnd encumhrancea attd c�liull b�cotne a part of tlie Demised Premis�n ; � r �
<br /> � ,� (b ) Any such structure , machinery , eyuipmettt or othcr improvemenC uow or
<br /> y:i hereafter existing us part oP the Uemised Premise� mny Ue demolished or removad by tha
<br /> � Company from Cime to time at its own cost and expen�c , but frea of any obli �ation
<br /> hereunder to provide uny properCy in replacement of or substitution Lor L-hat demoli:iheJ
<br /> % or removed , upon Che follawing L-erms und cundition� : !
<br /> j � . . . . � � � . . � . . . .
<br /> ,i (1 ) prior to �uch demolition ar removal , tlie Compuny 31in11 give to
<br /> � the TrusCee and the Lessor writCen uoticc Chereqf , setting forth a brieE deacriptinn
<br /> , of the structure , m�chincry , eyuipmenC ur improvement to be demoli;,hed or retnoved nnJ the
<br /> :'� eetimated fnir mnrket value Cliereof , , -
<br /> � � � � � �
<br /> 3 ( 2 ) the Company shull submit tn the Leseor nnd the 'frustee a copy of ,
<br /> �� a report by n qualificd engineer (�olio may be an empl.uyee of thc Conpatty ) deCarmining
<br /> r that the property Co be demolished or removed hc» become obsnlete , inadeq�stc , worn
<br /> ; out , unsuiCable , undesirable or unnecessary and thaC its deniolitiou or removal will
<br /> ;�' not impuir Che atructur�l soundnesa , efficiency or the economic value of the Detnined
<br /> ti Premises ,
<br /> �
<br /> "i (3 ) neitlier the Lessor nor the Trustee shall huve ob� ccted in writing �
<br /> 't to the proposed demolition or removal caithin 3U duya nfter such noL- ic� is �;iven , and ,
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<br /> � ;�; ( �i ) the Company shu11 promptly pny into the Ilond Fuud an amounC ,
<br /> ;�c su6ject [ o the approvttl o [ t}ic 'Crustee , equnl to ttic Eair market vnlue of tli� property
<br /> "'• removed or the amount received as a credit on a trnde- in , w}iichever is greater , less
<br /> ,>
<br /> t the cos [ to the Company of eucli removul .
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<br /> ;? Sec [ion 3 . 05 . No Rent AbuCemene ; Damages . The demolition , substi[ution
<br /> �a or removnl from the Demised Premises of uny properCy shall noL- result in any ;.ibutement
<br /> ?� or diminution oC rent under [his Lease . 'Phe Compuny shall pay all casCs incurred ur
<br /> ;� damagea resulting Erom any demolition , substitution or removal � f nny property pursuant
<br /> ' to the provisions of this Article IlI .
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