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2008-025 Resolution
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2008-025 Resolution
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1/9/2014 4:05:26 PM
Creation date
12/30/2013 8:47:24 AM
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North Olmsted Legislation
Legislation Number
2008-025
Legislation Date
2/5/2008
Year
2008
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?.: . .? <br />4. RENT. Sublessee shall pay to Sublessor, as rental for such space Leased <br />hereunder the sum of $1,500.00 per month, plus electrical power required to operate the <br />equipment of the Sublessee which is placed on the site of Sublessor. Said rental shall be due and <br />payable on the first day of each month during the Term, beginning upon the Commencement <br />nate. <br />5. EQUIPMENT INSTALLATION. Sublessee shall not install any new <br />equipment on the Building during the Term without the written consent of Sublessor, which <br />consent shall not be unreasonably withheld, conditioned or delayed. <br />6. EQUIPMENT TO BE INSTALLED. Intentionally omitted. <br />7. REMOVAL OF EQUIPMENT. Upon termination of this Sublease, the <br />Sublessee shall within sixty (60) days from the date of termination of this Sublease, remove any <br />and all of Sublessee's equipment from the Leased Premises. Such removal shall be made within <br />the accepted engineering standards for removal of such equipment and such removal shall be <br />made in such a manner as to not damage any of the other equipment of the Owner, Sublessor or <br />any other sublessee of Sublessor. Any damage caused by the removal of such equipment shall be <br />repaired immediately by Sublessee and at Sublessee's expense. The obligations, terms and <br />conditions provided for in this Paragraph shall survive the termination of this Sublease. <br />8. RENEWAL. Intentionally omitted. <br />9. SUBLEASE EXPIRATION RENEWAL. Upon the expiration of the <br />Term, in the absence of a renewal sublease or other documentation to secure the Leased <br />Premises, and in the event that the Sublessee has not removed its equipment upon the expiration <br />of the Term, then the tenancy shall be deemed month to month and Rent shall increase to <br />$1,800.00 per month, which shall continue while the parties are actively negotiating a renewal <br />sublease or other documentation to secure the Leased Premise is secure or the Sublessor <br />terminates the month to month tenancy. Notwithstanding Sublessee's failure to remove <br />equipment in accordance with Paragraph 7 and notwithstanding failure of the parties to <br />successfully negotiate a renewal sublease or other documentation to secure the Leased Premises, <br />the enhanced Rent shall continue per month and the Sublessor shall not remove the Sublessee's <br />equipment without prior notice to and written authorization of Sublessee or Court Order. <br />10. TERMINATION OF SUBLEASE. If the Leased Premises becomes <br />unusable due to interference not caused by Sublessee, or failure to issue or withdrawal of <br />approval to operate, by a regulatory agency, Sublessee may terminate this Sublease upon ninety <br />(90) days written notice to Sublessor. Such notification by Sublessee to Sublessor shall be by <br />certified mail with return receipt requested. In the event of a termination pursuant to this <br />Paragraph 11, the tertns and conditions contained in Paragraph 8 shall apply. <br />11. ACCESS TO THE LEASED PREMISES. Sublessee and/or properly <br />authorized and technically trained personnel, whose names shall be supplied in writing to the <br />Sublessor, shall have access to the Leased Premises at all times in order to maintain and repair <br />2 <br />
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