12-21-1994 Council Agenda - Laserfiche WebLink

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be destroyed or damaged by fire, casualty or any other cause. Tenant shall comply with all federal, state, county, municipal, and other governmental statutes, ordinances, laws, and regulations affecting the Premises and improvements thereon, or any activity or condition on or in. the Premises. Tenant shall, at its own expense, keep the Premises in sanitary, clean and neat order and keep the sidewalks and parking areas free of trash. Section 5.02. Landscaping, Landlord shall at all times, during the term of this Lease, keep and maintain any existing landscaping on the Premises and shall maintain the parking lot and sidewalk areas on the Premises. Section 5.03 ►)image or Destruction, The damage, destruction, or partial destruction of any building or other improvement on the Premises shall not release Tenant from any obligation under this Lease. In the event of such damage or destruction, Tenant shall, at its own cost and expense, promptly repair and restore the same to a condition as good or better than that which existed prior to the damage or destruction, provided the building can be restored to a condition suitable for the use contemplated hereunder for an expenditure not greater than forty percent (40 %) of the present value of the improvements. Notwithstanding the foregoing, if the Cost of repairing damage or destruction amounts to more than forty percent (40 %) of the total replacement value or market value (whichever is higher) of the Premises affected immediately prior to the event of casualty, then Tenant may terminate this Lease with respect to the affected parcel by giving written notice thereof provided said notice is given within thirty (30) days after the date of the event of casualty. If Tenant so elects, this Lease shall terminate (with respect to the affected parcel only) ten (10) days after the date of said notice. Thereupon Tenant shall not be obligated to repair or reconstruct the damage to the Premises, however, Tenant shall be liable for all other obligations hereunder with respect to the affected parcel through the actual date of termination, but Tenant shall not be liable for any Rent with respect to the affected parcel for any period subsequent to the date of termination. ARTICLE VI CONDUCT OF BUSINESS Section 6.01. Use Tenant shall use the Premises solely and exclusively for purposes permitted under applicable governmental zoning, building, health and use ordinances and regulations, and contemplated by and in compliance with the terms and conditions of this Lease. No use shall be permitted, or acts done, which will cause a cancellation of any insurance policy covering the Premises. Tenant shall, at its own expense, comply with all requirements of any insurance company necessary for the maintenance of insurance required in this Lease. Tenant shall 4 Page 169 SS /90'd dalNb0 3111I1 01 M0a1S0 8 N3N0H A3N33f95 Woad Lt:01 PEAT-SS-03C