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86103283
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Last modified
10/18/2011 12:24:21 PM
Creation date
3/31/2008 2:38:30 PM
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DEEDS
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86103283
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F <br />05--143 <br />shall diligently pursue such repair and restoration to completion <br />unless the Lease on Lot 1 is terminated or modified as provided <br />herein. <br />Section 15.2. Abatement. if the Parking Garage or Parking <br />Lot is damaged or destroyed by fire or other casualty, Tenant <br />shall not be released from any of its obligations under this <br />Lease (unless the Lease is terminated or modified as provided <br />herein), the expenses payable by Tenant under this Lease shall <br />not abate and Landlord shall have no liability to Tenant for any <br />damage or destruction to the Parking Garage or Parking Lot or any <br />inconvenience or injury to Tenant by reason of any maintenance, <br />repairs, alterations, decoration, additions or improvements to <br />the Parking Garage or Parking Lot . <br />Section 15.3. Termination By Landlord. if the Parking <br />Garage is damaged or destroyed and Landlord reasonably determines <br />that the cost of repair to the Parking Garage is equal to or <br />exceeds thirty percent (30X) of the value of the Parking Garage <br />exclusive of the land prior to such damage, then Landlord shall <br />have ninety (90) days to either: <br />Option (a) commence repair or restoration of such damage or <br />destruction to the Parking Garage and shall diligently <br />pursue such repair and restoration to completion which shall <br />keep the Lease on Lot 2 in full force and effect; or <br />Option (b) commence demolition and the Parking Garage <br />located on Lots 2 and 3 and provide within one hundred and <br />fifty (150) days of the start of demolition the same number <br />of hard - surface parking stalls on Lot 2 for the use of the <br />-37- <br />
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