|
;r';� ' • 1
<br /> ,�
<br /> I �
<br /> � • � . � _ •.
<br /> I � I �
<br /> i � =
<br /> - :�.E�1�383
<br /> its option, remove all of its trade fixtures,dispfays, equipment or other`�i�provements own�d
<br /> � by LESSEE. If this lease terminetes as provided herein,LESSEE shell heve a maximum of thirty ' �
<br /> s (30) days to remove itself from the leased prernises, provided that LESSEE pays a pro rata � -
<br /> share of itis obligations under the lease to date of final removal. . �`
<br /> Except as provided above for such thirty (30) day period, in the event LESSEE �;; :�. ��y
<br /> continues to occupy the leased premises after expiration of the term of this lease including any `� '�� �=
<br /> . -a•:r]l:z:e.�.—
<br /> .', s��
<br /> renewal term of this lease, or after termination as herein provided, then such occupancy shall �' �,*��-_-�== -
<br /> � create a tenancy at will only, and shall in no event be deemed a renewal of this lease, and - -_�
<br /> " either party may terminate said occupancy at will immediately upor� notice to the other party. � �•'.iq�• �.
<br /> ` During each month of any such tenancy at will, I.ESSEE shall pay the monthly rent payable .
<br /> ; during the term immedlately proceeding expiration or termination of this lease and 1/12th of : ;:
<br /> j any other costs provided for herein. �
<br /> F °
<br /> 16. Eminent Domain. In the event that the leased premises or any portion thereof �
<br /> {� shall, during the term of this lease or any renewal thereof, be taken or condemned by any ,.;;�;,,
<br /> � competent authority for public use or purpose to the extent that the leased premises are : . .
<br /> thereafter unsuitable for the LESSEE to properly or economfcally carry on the business being �=�.?�
<br /> �' carried on by the LESSEE therein on the day of said taking, in the raasonable discretion of .,;;,: ;�_
<br /> , LESSEE, LESSEE mey terminate this lease by giving written notice of termination within thirty ��,; � ;�
<br /> `� (30) days after the date of said taking, and this lease shall be deemed terminated es of the '�=� _---
<br /> ,;,..,.
<br /> � �. ..: -
<br /> date of said taking, and LESSOR shall refund ell unearned, prepaid rent to LESSEE; provided, :��' ?�'�. ':�-
<br /> however, that such termination shalt not alter or change the arnciwit uf da�a�as ta v�hich -- � '� �;,;�;
<br /> LESSOR or LESSEE are entitled because of such taking. If LESSEE does not elect to terminate ;�;;�
<br /> this lease, LESSOR shall,at its sole cost and expense, rebuild and restore the leased premises ��=-�
<br /> , . ��'�-
<br /> to the condition it was in at the date of taking or, if that is not possible, to a complete �•�
<br /> ., ,, .
<br /> architectural unit suitable for LESSEE to conduct its business. If LESSOR has failed to 1 :�.. '�:.,
<br /> complete said rebuilding and rastoration within one hundred twenty 1120)days after the date t, . �"=-
<br /> of said taking, then, and in that event, the LESSE� may, at its option, in this lease by giving
<br /> writt�n notice of termination to LESSOR. The rent payable hereunder shall abate from the date _____ _
<br /> of said taking to the date of completion of the restoration of the leased premises, as required � ---
<br /> herein, in full, unless LESSEE continues to conduct its business therein during the course of '�
<br /> said restoration, in which such event rent shell abate in proportion to ti�e area of the leased
<br /> premises which is unsuitable for the conduct of LESSEE'S bu�iness as a result of such taking. �
<br /> It is the intent hereof that in the case of any taking of the leased prernises under power of
<br /> ; eminent domein,whether total or partial,the LESSEE shall be entitled to receive such damages -==i
<br /> ' as may be awarded to it for the fixturos and equipment located on the leased premises and for �
<br /> � :�=- -�—�--
<br /> the injury to its leasehold estate hereunder, regardless of whather this lease is terminated by
<br /> � reason of such taking. -=_-- — _ _
<br /> .�.,_�.
<br /> � 17. Damage or Destruc3ion of Leased Premises. In the event that the leased -r,:�:�
<br /> ; premises shall, during the term of this lease, or any renewal thereof, be destroyed or damagod ;� � ' �'� �..'
<br /> by fire, explosion, windstorm or any other casualty or cause whatsoever to the extent that the �«•n�+°.Lr �`''�`
<br /> � leased premises are unsuitable for the LESSEE to property or economically carry on the ti;,r;..,�
<br /> '4�:. .
<br /> business being carried on by LESSEE therein on the date of said damage or destruction, the ' .:{_„
<br /> ; reasonable discretion of LESSEE, LESSEE may terminate this lease by giving written notice of
<br /> ' termination within thirty f301 days after the date of said damage or destruction, and this lease
<br /> shall be deemed terminated as of the date of said damage or destruction, and I.ESSOR shall •
<br /> 5
<br /> � -...-,_,-
<br /> r
<br /> _._1_ _ --- -_ _
<br />
|