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1996 021 Ordinance
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1996 021 Ordinance
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Last modified
11/19/2018 4:04:26 PM
Creation date
9/4/2018 8:13:06 AM
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Template:
Legislation-Meeting Minutes
Document Type
Ordinance
Number
021
Date
6/7/1996
Year
1996
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(c) In the event of any Transfer, Tenant shall <br />remain primarily liable pursuant to the terms and provisions of <br />this Lease. <br />(d) In the event Tenant sublets the Demised <br />Premises, solely pursuant to subparagraph (a) herein, (but <br />specifically excluding from the applicability of the terms and <br />provisions of this paragraph 6(d), the Tower Lease to Ameritech), <br />Tenant shall pay to Landlord fifty percent (500) of all rental <br />received by Tenant as a result of said sublease; said rental to <br />be paid by Tenant to Landlord within five (5) business days from <br />receipt thereof by Tenant. <br />DEFAULT <br />7. If Tenant shall fail to pay any rent due hereunder <br />and such failure shall not be corrected within ten (10) business <br />days after Tenant shall have received written notice from <br />Landlord of such failure, or if Tenant shall fail to perform any <br />non-monetary agreements or conditions contained herein, and such <br />failure shall not be corrected within thirty (30) days after <br />Tenant shall have received written notice from Landlord of such <br />failure (or such longer period as may be required to correct such <br />failure, if within said thirty (30) days, Tenant shall commence <br />to correct the same and thereafter diligently pursue the <br />correction thereof), Tenant shall be in default hereunder. Upon <br />the occurrence of any such event of default, Landlord shall have <br />all rights permitted by law, including, but not limited to, the <br />right at its election to terminate this Lease and thereafter, the <br />Landlord may re-enter the Demised Premises and take possession <br />thereof in any manner then permitted by law. <br />EMINENT DOMAIN <br />8. In the event the Premises, Demised Premises, or <br />any part thereof, shall be taken or condemned permanently or <br />temporarily for any public or quasi-public use or purpose by any <br />competent authority in appropriation proceedings or by any right <br />of eminent domain, the compensation award for the fee and the <br />leasehold shall belong to and be the property of the Landlord. <br />Tenant shall, however, be entitled to file a separate action and <br />shall have the right to claim therein compensation as may be <br />separately awarded or allocated for Tenant's Facility and/or by <br />reason of the cost or loss suffered by Tenant's business, the <br />cost of and/or loss suffered by removing Tenant's fixtures, -- <br />leasehold improvements, Facility and equipment. <br />12.
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