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AG 1996 12 16
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AG 1996 12 16
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3/25/2002 7:01:50 PM
Creation date
11/27/2017 11:56:35 AM
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Meeting Minutes
Doc Type
Agenda
Meeting Minutes - Date
12/16/1996
Board
Board of Commissioners
Meeting Type
Regular
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~T~CLE V~ <br /> <br />Default <br /> <br /> Section 6.01: Effect of Default. If either party fails to <br />materially comply with or perform any of the covenants, conditions, <br />or provisions of this Lease by it to be kept or performed after <br />expiration of the applicable cure period pursuant to Section 6.02 <br />of this Lease (hereinafter, an "Event of Default"), then, upon the <br />occurrence of any "Event of Default, the non-defaulting party may <br />pursue any remedy available at law, by equity or pursuant to this <br />Lease, including, without limitation, the initiation of a suit at <br />law or equity to enforce the obligations of the defaulting party. <br /> <br /> No right or remedy herein conferred upon or reserved to the <br />City is intended to be exclusive of any other right or remedy given <br />hereunder or now or hereafter existing at law or in equity. No <br />waiver of any Event of Default hereunder shall affect any <br />subsequent Event of Default or shall impair any rights or remedies <br />consequent on said subsequent Event of Default. The failure of the <br />non-defaulting party to insist at any time upon the strict <br />performance of any covenant or agreement or to exercise any option, <br />right, power, or remedy contained in this Lease shall not be <br />construed as a waiver or a relinquishment thereof for the future. <br />No delay or omission of the non-defaulting party to exercise any <br />right or power accruing upon any Event of Default shall impair any <br />such right or power or shall be construed to be a waiver of any <br />such Event of Default or any acquiescence therein. <br /> <br /> Section 6.02. Right to Cure. Nothing herein contained shall <br />be construed as authorizing the City to declare an Event of Default <br />where the County's failure to comply with this Lease consists of <br />the nonpayment of rent until such nonpayment in violation of the <br />terms of this Lease shall have continued for fifteen (15) days <br />after the due date for payment of such rent; and where the failure <br />to comply with this Lease consists of some violation(s) other than <br />the nonpayment of rent, the City may not declare an 'Event of <br />Default until such violation(s) shall have continued for thirty <br />(30) days after the City shall have given the County written notice <br />of such violation. The County may not declare that the City is in <br />default under this Lease until the City has failed to materially <br />comply with or perform any of the covenants, conditions or <br />provisions and such failure shall have continued for thirty (30). <br />days after the County shall have given the City written notice of <br />such violations. <br /> <br />ARTICLE VII <br /> <br />Covenant of Quiet Enjoyment <br /> <br /> The City covenants and agrees with the County that, so long as <br />the County materially keeps and performs all of the covenants and <br /> <br /> <br />
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