Laserfiche WebLink
a, . . _ . . . . . . . . 1 ;. �n <br /> S _ 1 "�` <br /> 1 'f `� <br />,, " -,:.. <br />: `�'�"" � � <br /> � <br /> r; 76-006512 <br /> ' � . ( a ) Option A--Repair and Restoration . Thc Lessee ma,y <br /> a elect to repair , reconstruct and restore the Hospital Facility . :: <br /> � In such event the Lessee shall proceed forthwith to repair , <br /> , .;; reconstruct and restore the Hospital Facility to substantially <br /> _ `� the same condition as it existed prior to the event causing such <br /> �� damage or destruction and will apply the Net Proceeds of any <br /> ', u insurance relating to such damage or destruction received by ; <br /> '% the Lessee from the Trustee to the payment or reimbursement ` <br /> � of the costs of such repair , reconstruction and restoration . <br /> ;;°" So long as the Lessee is not in default hereunder , any Net <br /> .,�t Proceeds of insurance relating to such damage or destruction ' <br /> � ;� received by the Trustee shall be released from time to time by � <br /> `� the Trustee to the Lessee upon the receiot of : <br /> F� <br /> �� ( 1 ) the l+Iritten Request of the Lessee executed � <br /> =� by its President or any Vice President ,jointly with , <br /> ;3 its Treasurer or any Assistant Treasurer , specifying ; <br /> � the expenditures made or to be made or the indebted- � <br /> � fi ness incurred in connection with such renair , recon - ` <br /> ;� struction and restoration and statin�; that such Net <br /> ` ; Proceeds , together with any other moneys legally <br /> �� available for such purposes , will be sufficient to <br /> , �x comolete such repair , reconstruction and restoration ; <br /> : �� and <br /> � <br /> F ( 2 ) the written approval of such Request by an <br /> ;� Independent Architect . <br /> ��:� <br /> � It is further understood and agreed that in the event <br /> the Lessee shall elect this Ootion A the Lessee shall complete the <br /> � repair , reconstruction and restoration oF the Hosnital Facility , <br /> whether or not the Net Proceeds of insurance received by the <br /> :� Lessee for such nurnoses are sufficient to pay for the same . <br /> a ( b ) 0_�tion B--Prepayment of Rent . The Lessee may elect <br /> � to have the Net �roceeds payable as a result of such damap,e or <br /> '<� destruction applied to the prepayment of the rent payable hereunder . <br /> ,., In such event the Lessee shall , in its notice of election to the <br /> ;` Trustee , direet tne Trustee to deposit such t;et Proceeds , when and <br /> ' "= as received , in the Ootional Redemotion Pund established by the <br /> ry Indenture . <br /> # `,� <br /> Section 6 . 2 . Condemnation . This Lease and the interest <br /> �� of the Lessee shall terminate as to the Hospital F2cility or portion <br /> '� thereof condemned or taken for any oublic or quasi-public use when <br /> ;� title thereto vests in the oarty condemning or takin� the same <br /> ' ;? ( hereinafter referred to as the " termination date " ) . The Lessee <br /> � hereby irrevocably assigns to the Authority and to the Trustee , as <br /> : ., ;;i their respective interests may appear , all right , title and interest <br /> " of the Lessee in and to any Net Proceeds of any award , comoensation <br /> y or damages ( hereinafter referred to as an " award " ) , payable in <br /> ,, ,:.; connection with any such condemnation or taking durin� the term <br /> ;� hereof . Such Net Proceeds shall be initially paid to the Trustee <br /> :tr for disbursement or use as hereinafter provided . <br /> ,::,:;i <br /> ;.:r,? <br /> ; :;� <br /> '.:::_; <br /> i- ;,�;� <br /> �� - � 3 - <br /> � 4`4;� �a�= : <br /> . <br /> , y� a . <br /> . , . � <br /> � . <br /> • <br /> � �. . . � 4 . � � <br /> . ., i i _ <br /> . � � . .� I :. � . '.:i . �. . :: � ��. . �. ( � . . . � . � J . . . . � n <br /> � . . . � . . � ' " �M ` ' :�'� <br /> . ' . . ' . � . . . .Yl� � <br /> . - . . . . � Y!: . <br /> J � <br /> � � <br /> 3 <br />