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81-002 Ordinance
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81-002 Ordinance
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1/11/2014 11:45:49 AM
Creation date
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North Olmsted Legislation
Legislation Number
81-002
Legislation Date
3/17/1981
Year
1981
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. <br />? <br />..?? <br />necessary building materials or labor, the Lessee shall not <br />be deemed in default by reason thereof. During such delays, <br />however, said Lessee shall in no way be relieved of <br />liability for rent and upon other covenants. <br />14. Condemnation. In case of a taking of all or any <br />part of,the demised real estate, or the commencement of any <br />proceedings or negotiations which might result in such <br />taking, Lessee will promptly give written notice thereof to <br />Lessor and any mortgagees of said property, generally <br />describing the nature and extent of such taking or the <br />nature of such procEedings and negotiations, and the nature <br />and extent of the taking which might result therefrom, as <br />the case may be. Lessor and Lessee may each file and <br />prosecute their respective claims for an award, subject to <br />the terms of this lease. <br />In case of a taking (other than for temporary use) of <br />the fee of the entire demised real estate, this lease shall <br />terminate as of the date of such taking. In case of a <br />taking (other than for temporary use) of (a) such perpetual <br />easement on the entire property, or (b) such a substantial <br />part of the property as shall result, in the good faith <br />judgment of Lessee, in the property remaining after such <br />taking (even if restoration were made) being unsuitable for <br />the use contemplated in this lease, Lessee may, at Lessee's <br />option, terminate this lease by written notice to Lessor <br />given within ten (10) days after such taking, as of a date <br />specified in such notice within thirty (30) days after such <br />taking. Any taking of the property of the character <br />referred to in this paragraph is referred to as a"total <br />taking." <br />- 10 -
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