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AG 2004 09 20
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AG 2004 09 20
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Last modified
11/20/2006 9:57:06 AM
Creation date
11/27/2017 11:39:06 AM
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Meeting Minutes
Doc Type
Agenda
Meeting Minutes - Date
9/20/2004
Board
Board of Commissioners
Meeting Type
Regular
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<br />Notice, commence the repairs and restoration and proceed with all due diligence to <br />restore the Building or the Premises to substantially the same condition in which it was <br />immediately prior to the happening of the casualty. As soon after Sublessor <br />commences the repairs and restoration as is practical, Subtenant shall commence and <br />pursue to completion the repair and restoration or replacement of Subtenant's fixtures <br />and personal property. Each party shall proceed with their respective work in a timely <br />and diligent manner using the same or better quality materials as existing prior to the <br />casualty, and they shall use their best efforts not to interfere with, annoy or <br />inconvenience the other party. For such period of time as Subtenant cannot conduct its <br />business from the Premises in a reasonable, prudent and businesslike manner as a re&Ùt <br />of the condition of the Building or Premises, the services to the Building, or caused by <br />an interruption thereof because of reconstruction activities, all Rent and Additional Rent <br />shall abate. To the extent and during the time that only a portion of the Premises is <br />tenantable and to the extent that Subtenant is able to conduct its business therefrom in a <br />reasonable, prudent and businesslike manner, Subtenant shall receive a fair diminution <br />of Rent based on an estimated percentage of unusable space in the Premises. , <br /> <br />In the event Sublessor fails to deliver to Subtenant a Landlord's Notice within the <br />required 45 business day period as to whether or not the damage can be repaired within <br />the Restoration Period, Tenant shall have the right any time after the expiration of the <br />45 business day notice period to terminate this Lease as of the date of the casualty. <br /> <br />18. Condemnation. If (i) all or a substantial portion of the Building or the Premises, <br />and/or (ii) so much of the parking area, means of access, or the Land such that the <br />remaining-poÍ1:ion(s) materially and adversely affect Subtenant's use, is taken for any <br />public or quasi-public use by right of eminent domain or otherwise (including a sale in <br />lieu of condemnation), such that Subtenant can no longer conduct its business at the <br />Premises on a reasonable and prudent basis, Subtenant may terminate this Sublease by <br />giving written notice of termination to Sublessor within 90 days after such taking. In <br />such event, this Sublease shall terminate as of the date of such taking (but Subtenant <br />shall be afforded a reasonable period of time (not to exceed 30 days) to vacate the <br />Premises). All proceeds from any taking or condemnation of the Building, Land and/or <br />Premises shall belong to and be paid to Sublessor. Nothing contained herein, however, <br />shall prevent Subtenant from seeking a separate award from the condenming authority <br />for any loss of Subtenant's personal property and equipment, moving expenses, <br />leasehold interests, or other losses relating to Subtenant's business so long as such <br />separate award shall not result in a reduction of proceeds ¡nyable to Sublessor. <br /> <br />19. Force Majeure. If either Sublessor or Subtenant is delayed or prevented from <br />completing the performance of any obligation under this Sublease by reason of <br />accident, fire, act of God, public enemy, injunction, riot, strike, lockout, insurrection, <br />war, court order, requisition or order of governmental body or authority, inability to <br />procure labor or materials from normally available sources, or by any other cause <br />without its fault and beyond its reasonable control (financial inability excepted), <br />completion will be excused for the period of such delay and the date of completion will <br />be extended for the period of such delay provided notice of the occurreÅ“e or <br /> <br />F- \ <br />
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