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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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(iv) Tenant receiving a Policy <br />for Leasehold Title In- <br />surance solely acceptable <br />to counsel for Tenant. <br />(v) Tenant receiving Exhibit <br />A-1, if applicable, in <br />form and substance solely <br />acceptable to counsel for <br />Tenant. <br />(vi) The Title Company issuing <br />the Policy of Title In- <br />surance receiving a cer- <br />tified copy of the Vil- <br />lage Ordinance, certify- <br />ing that Landlord is au- <br />thorized, as aforesaid, <br />and that the officers <br />executing this Lease on <br />behalf of Landlord are <br />authorized. <br />(vii) Tenant obtaining <br />Landlord's approval of <br />the Plans. <br />In the event said conditions/contingencies are not met <br />to Tenant's sole satisfaction within said ninety (90) day period, <br />this Lease Agreement shall immediately terminate and be of no <br />further force and effect as between the parties hereto, unless <br />said date is extended by the mutual agreement of the parties <br />hereto; provided, however, Tenant shall forfeit the deposit paid <br />pursuant to paragraph 4(a)(i) hereinabove as liquidated damages <br />in such event of termination of the Lease. <br />(f) Landlord understands that monetary damages <br />are not sufficient in the event of breach of Landlord's obliga- <br />tion to lease the Demised Premises to Tenant and perform pursuant <br />to the terms hereof; therefore, failure to perform by Landlord <br />herein shall entitle Tenant to specific performance to enforce <br />the terms, provisions and/or validity of this Lease on behalf of -- <br />Tenant. <br />17.
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