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CC PACKET 12131988
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CC PACKET 12131988
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Last modified
12/30/2015 4:33:59 PM
Creation date
12/30/2015 4:33:41 PM
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SP Box #
18
SP Folder Name
CC PACKETS 1987-1989
SP Name
CC PACKET 12131988
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14 . Damage or Destruction • <br /> If the Lounge is damaged by Casualty, the damage (excluding <br />-- - damage to improvements paid for by Tenant or trade fixtures, _ <br /> equipment or personal property of Tenant) will be repaired by <br /> the City at its expense to a condition as near as reasonably <br /> possible to the condition prior to the Casualty, or the City <br /> may terminate this Lease as of the date of the Casualty by <br /> giving written notice to Tenant . If this Lease is terminated <br /> because of the Casualty, rents and other payments wil_1 be <br /> prorated as of the termination and will be proportionately <br /> refunded to Tenant or paid to the City, as the case may be. <br /> During any period in which the Leased Space or any portion of <br /> the Leased Space is made untenantable as a result of the <br /> Casualty, the Monthly Rent will be abated for the period of <br /> time untenantable. <br /> 15 . Eminent Domain. <br /> If there is a Taking of any of the Leased Space, either party <br /> may te-r-;;inate this Lease as of the date the public authority <br /> takes possession, by written notice to the other party, in <br /> which case any rents and other payments will be prorated as of <br /> the termination. All damages, awards .and payments for the <br /> Taking will belong to the City irrespective of the basis upon. <br /> which they were made or awarded, except that Tenant will be <br /> entitled to any amounts separately paid for Tenant' s trade <br /> fixtures or equipment or as a relocation payment or allowance. <br /> 16 . Defaults . <br /> If (a) Tenant defaults in the payment of rent or other amounts <br /> under this Lease and the default continues for 10 days after <br /> written notice by the City to Tenant, (b) Tenant defaults in <br /> any other obligation under this Lease and the default continues <br /> for 30 days after written notice by the City to Tenant, <br /> (c) Tenant ' s license for lawful gambling expires or is <br /> terminated or revoked, (d) any proceeding is begun by or <br /> against Tenant to subject the assets of Tenant to any <br /> bankruptcy or insolvency law or for an appointment of a <br /> receiver of Tenant or for any of Tenant ' s assets , or (e) Tenant <br /> makes a general* assignment of Tenant ' s assets for the benefit <br /> of creditors, then the City may, with or without terminating <br /> this Lease, cure the default and charge Tenant all costs and <br /> expenses of doing so, and the City also may re-enter the Leased <br /> Space, remove all persons and property, and regain possession <br /> of the Leased Space, without waiver or loss of any of the <br /> City' s rights under this Lease, including the City' s right to <br /> payment of Monthly Rent . The City also may terminate this <br /> Lease as to all future rights of Tenant . • <br /> —4— <br />
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