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PL PACKET 11202001
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PL PACKET 11202001
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Last modified
12/30/2015 7:39:40 PM
Creation date
12/30/2015 7:39:24 PM
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SP Box #
27
SP Folder Name
PL PACKETS 2000-2004
SP Name
PL PACKET 11202001
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• (c) Liens. Tenant shall fail to discharge any lien placed upon the Premises in violation <br /> of Paragraph 25 hereof within(20)days after any such lien or encumbrance is filed <br /> against the Premises; or <br /> (d) Other Breach. Tenant shall.fail to comply with any term,provision or covenant of <br /> this Lease(other than the foregoing in this Paragraph 21),and shall not cure such <br /> failure within thirty(30)days after notice;provided, in the event such default does <br /> not consist of a failure to pay Rent and cannot reasonably be cured within such <br /> thirty(30)day period,an Event of Default shall not be deemed to have occurred so <br /> long as Tenant commences an effective cure within said thirty(30)day period and <br /> prosecutes such cure diligently to completion. <br /> 22. Remedies. Upon the occurrence of any of such Events of Default. Landlord may, at its <br /> election and in addition to all other remedies available at law or in equity,terminate this Lease through the <br /> delivery of written notice to that effect to Tenant or terminate Tenant's right to possession only, without <br /> terminating the Lease. <br /> (a) Re-Entry Without Termination. Upon any termination of Tenant's right to <br /> possession of the Premises without termination of this Lease, Landlord may, at <br /> Landlord's option, enter into the Premises, remove Tenant's signs and other <br /> evidences of tenancy,and take and hold possession thereof without such entry and <br /> possession terminating this Lease or releasing Tenant,in whole or in part,from any <br /> obligation,including Tenant's obligation to pay Base Rent,its Proportionate Share <br /> of Operating Costs and all other sums payable by Tenant hereunder, for the full <br /> ® Lease Term. Landlord may,but need not,relet the Premises or any part thereof for <br /> such rent and upon such terms as Landlord, in its sole discretion, shall determine <br /> (including the right to relet the Premises as part of a larger area and the right to <br /> change the character or the use made of the Premises). In any such case,Landlord <br /> may make repairs,alterations and additions in or to the Premises,and redecorate the <br /> same to the extent Landlord deems necessary or desirable, in its sole discretion.All <br /> rentals and other sums received by Landlord from any such reletting shall be <br /> applied as follows: first, to the payment of any indebtedness other than rent, due <br /> hereunder from Tenant to Landlord: second, to the payment of any costs and <br /> expenses of such alterations and repairs: third, to the payment of Landlord's <br /> expenses of reletting, including, without limitation, broker's commissions, <br /> attorneys' fees and lease inducements, such as moving or leasehold improvement <br /> allowances; fourth,to the payment of Base Rent and other charges due and unpaid <br /> hereunder;and the residue,if any,shall be held by Landlord and applied in payment <br /> of future Rent as the same may become due and payable hereunder.If such rentals <br /> and other sums received from such reletting during any month be less than the Rent <br /> to be paid during said month by Tenant hereunder.Tenant shall pay such deficiency <br /> to Landlord.Such deficiency shall be calculated and paid monthly.Notwithstanding <br /> any such re-entry by Landlord, Landlord may at any time hereafter elect to <br /> terminate this Lease for such previous breach. <br /> (b) Damages in the Event of Termination. It is acknowledged that the damages that <br /> would be incurred by Landlord in connection with the termination of this Lease <br /> • following a default by Tenant would be difficult to estimate or ascertain. In the <br /> 16 <br />
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