PL PACKET 11202001 - Laserfiche WebLink

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• required to be maintained by the terms of this Lease. Landlord hereby waives any claims against Tenant relating to,and Tenant shall not be liable to Landlord for,any damage to any property occurring in, on or about the Property due to any reason. including Tenant's negligence, and Landlord assumes all risks of damage to such property;provided, the waiver and assumption contemplated by this sentence shall apply only to the extent any such damage is covered by Landlord's insurance in place or required to be maintained by the terms of this Lease. 16. Condemnation. (a) If any substantial part of the Building.Property or Premises should be taken for any public or quasi-public use under any governmental law,ordinance or regulation,or by right of eminent domain, or by private purchase in lieu thereof, and the taking would prevent or materially interfere with the use of the Building or Premises for the purpose for which it is then being used, at the sole option of bandlod, this Lease shall terminate effective when the condemning authority acquires possession in the same manner as if the date of such taking were the date originally fixed in this Lease for the expiration of the Lease Term. (b) If part of the Building or Premises shall be taken by right of eminent domain,or by private purchase in lieu thereof, and this Lease is not terminated as provided in subparagraph 16(a) above, this Lease shall not terminate but the rent payable hereunder during the unexpired portion of this Lease shall be reduced to such extent,if any,as may be fair and reasonable under all of the circumstances.In.such • event,Landlord shall undertake to restore the Building and Premises to a condition suitable for Tenant's use,as near to the condition thereof immediately prior to the taking of such improvements as is reasonably feasible under all the circumstances. (c) Upon any such taking or purchase,Landlord shall be entitled to receive and retain the entire award or consideration for the affected lands and improvements,subject to the rights of the holder of any mortgage of Landlord's interest in the Property or the Building, and Tenant shall not have nor advance any claims against Landlord or the condemning authority for the value of its property or its leasehold estate or the unexpired Lease Term,or business interruption expense or any other damages arising out of such taking or purchase; provided, the foregoing shall not be construed to preclude Tenant from seeking and recovering on its own account from the condemning authority any separate award or compensation attributable solely to the taking or purchase of Tenant's chattels or trade fixtures or attributable to Tenant's relocation expenses provided that any such separate claim by Tenant shall not reduce or adversely affect the amount of Landlord's award. If any such award made or compensation paid to either party specifically includes an award or amount for the other, the party first receiving the same shall promptly account therefor to the other. 17. Indemnification. Subject to the waiver of claims set forth in Paragraph 15(f)hereof,Tenant shall indemnify Landlord from and against any and all demands and liabilities arising from or relating to injury or loss of life to persons or damage to or loss of property to the extent occurring in the Premises or • arising from Tenant's negligence or intentional misconduct; provided, Tenant's obligation to indemnify 13