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9037-18 - Lease with Cleveland Clinic at 1450 Belle, Suite 220
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9037-18 - Lease with Cleveland Clinic at 1450 Belle, Suite 220
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11.1 Termination: If at any time during the Term more than twenty -five percent (25 %) of <br />the Building shall be condemned or taken for public or quasi - public use, or if any <br />portion of the Building, the common areas or Premises is so condemned or taken <br />which would materially affect Tenant's ability to conduct normal business <br />operations in the Premises, this Lease shall automatically terminate as of the <br />earlier of the date of the vesting of title or the date of dispossession of Tenant as a <br />result of such condemnation or taking. If at any time during the Term more than <br />twenty -five percent (25 %) of any parking area allocated to Tenant hereunder shall <br />be so condemned or taken, and Landlord does not agree to provide Tenant with <br />other substantially equivalent parking, Tenant may by thirty (30) days advance <br />notice to Landlord elect to terminate this Lease. <br />11.2 Partial Taking: In the event of a partial condemnation or taking that does not result <br />in a termination of this Lease in accordance with the provisions of paragraph 11.1 <br />hereof, the Base Rent due hereunder shall abate in proportion to the portion of the <br />Premises affected by such condemnation or taking. <br />11.3 Awards: Landlord shall be entitled to the entire award resulting from any such <br />condemnation or taking, provided, however, that Tenant shall be entitled to any <br />portion of any award attributable to the value of the leasehold estate created by <br />this Lease, and provided further that Tenant may file a claim against the <br />condemning authority for its moving and relocation expenses and for the <br />unamortized value of any leasehold improvements paid for by Tenant. <br />12, ASSIGNMENT AND SUBLETTING <br />12.1 In General: Tenant shall not voluntarily assign its interest in this Lease nor sublet <br />all or any portion of the Premises nor permit the use or occupancy of the Premises <br />by any other person or entity without first obtaining Landlord's written consent, <br />which consent shall not be unreasonably withheld or delayed. Notwithstanding the <br />foregoing, however, Tenant shall be permitted, without the necessity of obtaining <br />Landlord's prior written consent, to assign this Lease or to sublet all or any portion <br />of the Premises to any of the affiliates, subsidiaries or Institutes of Tenant <br />( "Approved Parties "). In the event of such assignment or subletting to Approved <br />Parties, Tenant shall advise Landlord of the same within a reasonable amount of <br />time thereafter. Any consent by Landlord to any assignment, subletting, or use or <br />occupation of the Premises by anyone other than Tenant shall not constitute a <br />consent to any subsequent assignment, subletting, or use or occupation. <br />12.2 Excess Rent: If Landlord does consent to the assignment of this Lease or the <br />subletting of all or substantially all the Premises, and if the total rent amount to be <br />paid by the sublessee or assignee is in excess of the Rent hereunder, Tenant shall <br />remit such excess to Landlord immediately upon receipt. <br />12.3 Tenant's LiabiiitV: If at any time during the Term, Tenant sublets all or any part of <br />the Premises or assigns this Lease, whether with or without the consent of <br />Landlord, Tenant shall nevertheless remain liable under all the terms, covenants, <br />and conditions of this Lease. If this Lease is assigned or if the Premises or any part <br />thereof is subleased or occupied by anybody other than Tenant, Landlord may <br />collect from the assignee, sublessee, or occupant any Rent payable by Tenant <br />under this Lease and apply the amount collected to the Rent; however, such <br />Contract ID 4164829 <br />
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