2008 037 Ordinance - Laserfiche WebLink

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'a 14. DESTRUCTION OF PREMISES. A. If the PREMISES shall be destroyed by any cause as to be unfit, in whole or in • part, for occupancy and such destruction or injury could reasonably be repaired within six (6) months from the happening .of such destruction or injury, then LESSEE shall not be entitled to surrender possession of the PREMISES nor shall LESSEE' liability to pay rent under this lease cease without the mutual consent of the parties hereto; but in case of any such destruction or injury LESSOR shall repair the same with all reasonable speed and shall complete such repairs within six (6) months from the happening of such injury, and if during such period LESSEE shall be unable to use all or any portion of the PREMISES, a proportionate allowance shall be made to LESSEE from the rent corresponding to the time during which and to the portion of the premises of which LESSEE shall be so deprived of the use on account thereof. B. If such destruction or injury cannot reasonably be repaired within six (6) months from the happening thereof, LESSOR shall notify LESSEE within thirty (30) days after the happening of such destruction or injury whether or not LESSOR will repair or rebuild. If LESSOR elects not to repair or rebuild, this. Lease shall be terminated. If LESSOR shall elect to repair or rebuild, LESSOR shall specify the time within which such repairs or reconstruction will be completed, and LESSEE shall have the option, within thirty (30) days after the receipt of such notice, to elect either to terminate this Lease and further liability hereunder or to extend the term of the Lease by a period of time equivalent to the time from the happening of such destruction or injury until the PREMISES are restored to their former condition. In the event LESSEE elects to extend the term of the Lease, LESSOR shall restore the premises to their former condition within the time specified in the notice, and LESSEE shall not be liable to pay rent for the period from the time of such destruction or injury until the premises are so restored to their former condition. 15. RIGIITS RESER:VED TO LESSOR. LESSOR reserves the following rights: A. To enter the PREMISES at all reasonable times for the making of inspections, repairs, alterations, improvements or additions of or to the premises or the building, as LESSOR may deem necessary or desirable; for any purpose whatsoever related to the safety, protection, preservation or improvement of the premises o:r of the building or of LESSOR'S interest; to enforce and carry out the provisions of this Lease Agreement and for the further purpose of showing the leased PREMISES to prospective; tenants, purchasers, representatives of lending institutions and prospective tenants for other space in a building owned or contracted by the LESSOR. B. For the purpose of exhibiting said PREMISES and putting the usual "For Rent" or "For Sale" notices, which notices shall not be removed, obliterated or hidden by 4