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<br /> --------- --------------------------------- <br /> (f) In the event of any default under this Lease, Lessor may proceed directly against <br /> Lessee, any guarantors, or anyone else responsible for the performance of this Lease, including . <br /> the sublessee, without first exhausting Lcssor's remedies against any other person or entity <br /> responsible therefor to Lessor, or any security held by Lessor or Lessee_ <br /> (g) In the event Lessee defaults in the perfonnance of its obligations under this Lease, <br /> Lessor, at its option and without any obligation to do so, may require any sublessee to attorn to <br /> Lessor, in which event Lessor shall undertake the obligations of Lessee under such sublease from <br /> the time of the exercise of said option to the termination of such sublease; provided, however, <br /> Lessor shall !lot be liable for ally prepaid rents or security deposit paid by such sublessee to <br /> Lessee for any other prior defaults of Lessee under such sublease. <br /> (h) Each and every consent required of Lessee under a sublease shall also require the <br /> consent of Lessor. <br /> (i) No sublessee shall further assign or sublet all or any part of the Premises without <br /> Lessor's prior written consent. <br /> (j) Lessor's written consent to any subletting of the Premises by Lessee shall not <br /> constitute an acknowledgment that no default then exists under this Lease of the obligations to be <br /> performed by Lessee, nor shall such consent be deemed a waiver of any then existing default, <br /> except as may be otherwise stated by Lessor at the time. <br /> (k) With respect to any subletting to which Lessor has consented, Lessor agrees to <br /> deliver a copy of any notice of default by Lessee to the sublessee. Such sublessee shall have the <br /> right to cure a default of Lessee within ten (lO) days after service of said notice of default upon <br /> such sublessee, and the sublessee shall have a right of reimbursement and offset from and against <br /> Lessee for any such default cured by the sublessee. <br /> 12.5 Attorney's Fees/Assignment and Subletting. In the event Lessee assigns or <br /> sublets the Premises or requests the consent of Lessor to any assignment or subletting or if <br /> Lessee requests the consent of Lessor to any act Lessee proposes to do, then Lessee shall pay . <br /> Lessor's reasonable attorney's fees incurred in connection therewith. <br /> 12.6 General Conditions to Assignment and Subletting. <br /> (a) If Lessee is a privately held corporation, or is an unincorporated association or <br /> partnership, the transfer, assignment, or hypothecation of any stock or interest in such <br /> corporation, association, or partnership in excess of forty-nine percent (49%) in the aggregate <br /> shall be deemed an assignment or transfer within the meaning and provisions of this paragraph <br /> 12. If Lessee is a publicly held corporation, the public trading of stock in Lessee shall not be <br /> deemed an assignment or transfer within the meaning of this paragraph. <br /> (b) In connection with any request for Lessor's consent to a proposed assignment of <br /> this Lease or a proposed sublease of all or part of the Premises, Lessee shall give written notice <br /> to Lessor identifying the intended assignee or subtenant by name and address, the tenns of the <br /> intended assignment or sublease, and the nature of the business of the proposed assignee or <br /> sublessee, together with current financial statements for the proposed assignee or sublessee <br /> (which financials, in the case of an assignee, shall have been audited) and, thereafter, any other <br /> information that Lessor may reasonably request. For a period of thirty (30) days afier such <br /> notice is given, Lessor shall have the right by written notice to Lessee (i) in the ease of a <br /> proposed sublease, either to (A) sublet from Lessee any portion of the Premises proposed to be <br /> sublet for the term for which such portion is proposed to be sublet but at the same rent as Lessee <br /> is required to pay to Lessor under this Lease for the same space, computed on a pro rata square <br /> footage basis, or (B) if the proposed subletting is for substantially aU of the remaining term of <br /> this Lease, terminate this Lease entirely or as it pertains to the portion of the Premises so <br /> proposed by Lessee to be sublet, or (ii) in the case of a proposed assignment, to terminate this <br /> Lease. If Lessor so terminates this Lease, such termination shall be as of the date specified in <br /> Lessor's notice. If Lessor so terminates this Lease, Lessor may, if it elects, enter into a new lease <br /> covering the Premises or a portion thereof with the intended assignee or subtenant on such terms <br /> as Lessor and such person may agree or enter into a new lease covering the Premises or a portion <br /> thereof with any other person, in which event Lessee shall not be entitled to any portion of the <br /> profit, if any, that Lessor may realize on account of such termination and reletting. Lessor's e <br /> exercise of its aforesaid option shall not be construed to impose any liability upon Lessor with <br /> \\Mllir-lEAI'OUS\ VOt.lo,SUPPORTV....D... T ...\..."llllh_"R""""L~\...GII.EE"lEi'I\t~;I10k0I.~ page 12 <br /> . <br /> (S:\MDATA IAMSIGENERAL\FORMSIREfT.U-M.DOC) <br />