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13. <br /> <br />Tenant agrees, at its own expense, to comply promptly with all requirements of any legally constituted public <br />authority made necessary by reason of Tenant's oocupanc~ of the Premises. Landlord agrees to comply promptly <br />with any such requirements if not made necessar~ by reason of Tenant's Occupancy. It is mutually agreed, <br />however, between Landlord and Tenant, that if in order to comply with such requirements, the cost to Landlord <br />or Tenant, aa the case may be, shall exceed a sum equal to one year's rent, then Landlord or Tenant who is <br />obligated to comply with such requirements may terminate this Lease by giving written notice of termination <br />to the other party by registered mall, which termination shall become effective sixty (60) days after receipt <br />of such notice and which notice shall eliminate the necessity of compliance with such requirements by giving <br />such notice unless the party giving such notice of termination shall, before termination becomes effective, <br />pay to the party giving notice all cost of compliance in excess of one year's rent, or secure payment of said <br />sum in manner satisfactory to the party giving notice. <br /> <br />CONDE~ATION <br /> <br />14. <br /> <br />If the whole of the Premises, or such portion thereof as will make the Prem/ses unusable for the purposes <br />therein leased, are condemned by any legally constituted authority for any public use or purpose, then in <br />either of said events the term hereby granted shall cease from the date when possession thereof is taken by <br />public authorities, and rental shall be accounted for as between Landlord and Tenant as of said date. Such <br />term/nation, however, shall be without prejudice to the rights of either Landlord or Tenant to recover <br />compensation and damage caused by condemnation from the condemnor. It is further understood and agreed that <br />neither the Tenant nor Landlord shall have any rights in any award made to the other by any condemnation <br />authority notwithstanding the termination of the Lease as herein provided. Agent may become a party to the <br />conde~ation proceeding for the purpose of enforcing his rights under this paragraph. <br /> <br />A~IG~ENT AND SUBL~r£ING <br /> <br />15. <br /> <br />Tenant shall not, without the prior written consent of Landlord, which shall not be unreasonably withheld, <br />assign this Lease or any interest hereunder, Or sublet the Prem/ses or any part thereof, or permit the use <br />of the Premises by any party other than the Tenant. Consent to any assignment or sublease shall not Impair <br />this provision and all later assignments or subleases shall be made likewise only on the prior written consent <br />of Landlord. The Assignee of Tenant, at option of Landlord, shall become directly liable to Landlord for all <br />obligations of Tenant hereunder, but no sublease or assignment by Tenant shall relieve Tenant of any liability <br />hereunder. <br /> <br />EVENTS OF DEFAULT <br /> <br />16. The happening of any one or more of the following events (hereinafter any one of which may be referred to as <br /> an "Event of Default") during the term of this Lease, or any renewal or extension thereof, shall constitute <br /> a breach of this Lease on the part of the Tenant: (1) Tenant fails to pay the rental as provided for herein; <br /> (2) Tenant abandons or vacates the Premises; (3) Tenant fails to comply with or abide by and perform any other <br /> obligation imposed upon Tenant under this Lease; (4) Tenant is adjudicated bankrupt; (5) a permanent receiver <br /> is appointed for Tenant's property and such receiver is not removed within sixty (60) days after written <br /> notice from Landlord to Tenant to obtain such removal; (6) Tenant, either voluntarily or involuntarily, takes <br /> advantage of any debt or relief proceedings under any present or future law, whereby the rent or any part <br /> thereof is, or is proposed to be, reduced or payment thereof deferred; (7) Tenant makes an assignment for <br /> benefit of creditors; or (8) Tenant's effects are levied upon or attached under process against Tenant, which <br /> is not satisfied or dissolvedwithin thirty (30) days after written notice from Landlord to Tenant to obtain <br /> satisfaction thereof. <br /> <br />UPON DEFA%~LT <br /> <br />17. <br /> <br />Upon the occurrence of Events of Default, Landlord may pursue any one or more of the following remedies <br />separately or concurrently, without prejudice to any other remedy herein provided or provided by law; (a) if <br />the Event of Default involves nonpayment Of rental and Tenant fails to cure such default within ten (10) days <br />after receipt of written notice thereof from Landlord, or if the Event of Default involves a default in <br />performing any of the terms or provisions of this Lease other than the payment of rental, and Tenant fails <br />to cure such default within thirty (30) days after the receipt of written notice of default from Landlord, <br />Landlord may terminate this Lease by giving written notice to Tenant and upon such term/nation shall be <br />entitled to recover from Tenant damages in an amount equal to all rental which is then due and the present <br />value (discounted at ten percent (10%) per Annum) of all rental which would otherwise have become due <br />throughout the remaining terms of this Lease, or any renewal or extension thereof (as if this Lease had not <br />been terminated); or (b] if the Event of Default involves any matter other than those set forth in i~em (a) <br />of this paragraph 17, Landlord may term/hate this Lease by giving written notice to Tenant and, upon such <br />termination, shall be entitled to recover from the Tenant damages tn an amount equal to al! rental which is <br />then due and the present value (discounted at ten percent (10%) per Ann~m) of all rental which would otherwise <br />have become due throughout the re~aining term of this Lease, or any renewal or extension thereof (as if this <br />Lease had not been terminated); or (c) upon any Event of Default, Landlord as Tenant's agent, without <br /> <br /> <br />