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2009_0112_Packet
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2009_0112_Packet
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proposed assignee or subtenant and a tr�e and complete copy of the proposed assignment <br />or suf�Eease shall be delivered ta Lar�dlord with Tenant's r�otic�. If Tenant's notice shall cover <br />all of the Premises, and �andlord shalf have exercised its foregoing recapture right, the Term <br />of this Lease shall expir� and end on th� date stated in Ter�anr's notice as fufEy and <br />com�fetefy as if that date had been herein defir�itely fixed for the expiration o� the Terrr�. If, <br />however, this Lease is canceled with respect to less than the entire Premises, the Anntaal <br />Minimum Rent shal� be equitably adjusted by Landlord with cfue cansideration of the size, <br />Eocation, type and quality of the �ortion of t�e Premises so remaining after €he "recapture" <br />and such Rent shall be reduced accorcfingly from ancE after the terrr-�ination date for said <br />portion, and this Lease as so amended shall canrinue thereafter in full force and effect. Tf�e <br />rent adjustment provided for nerein shafl be evidenced by an amendment to Lease executed <br />by Landlard and Tenant. If this Lease is terminatec! in the rr-7anner a#oresaicE, either as to the <br />entire Premises ar only a portion t�ereof, to such extent the term of �this Lease shall end <br />upon the ap�ropriate effecti�e date of the �roposed sub�ease or assignment as i# that date <br />had been ariginafly fixed in this Lease for such expiratior�, anci ir� the event of a termination <br />aftecting less than the entire Premises, Tena�t �hal� comply with the provisions of tF�is �.ease <br />with respect to the surrenc�er of such portion of �he Premises affected thereby. <br />(b) If f�ar�dlord, upon receiving Tenant's notice with res�ect ta any such space, does nat <br />�xercise its right �o recapture, Landlard will not unreasonabfy wit�hold i�s cansent to <br />Tenant's assignment of the �ease or subletting suci� space to the party identified in Tenant's <br />notice. <br />(c) For purposes of the for�going, any chang� in the partners of Ter�ant, it Tenant is a <br />partnership, or, if Ter�ar�t is a corporation, any transfer of any or all of the shares of stock <br />of Tenant by saie, assig�rne�t, operatio� of law or otherwise resulting in a change in the <br />present control of such corporation by th� person or �ersons owning a majority af such <br />shares as of the c�ate of this �ease, shall be cleemed to be an assignment within the meaning <br />of this Articie, The foregoing �rovision shall not ap�ly if Tenant is a carporatior� and the <br />outstanding voting stocl< thereof is list�d on a recognized securities exchange. <br />(d) Ar�y subletting or assigr�ment hereunder shafl nat release or discharge Tenant ofi or <br />from any liability, whether past, preser�t or future, under �his Lease, and Ter�ant shall <br />continue fully liable thereUnder. The suf�tenant or subtenants or assigr�ee shail agree in a <br />form satisfactory to Landlord to comply with and be bound by alE of the terms, covenants, <br />conditions, provisions anc! agreements of this Lease to tf�e extent of the space subfet or <br />assigned, and Tenant shall d�liver to Landlord promptly after exect�tion an executed copy of <br />each such subfease or assigr�ment and an agreement of compliance �y each s�ch subtenant <br />or assignee. Consent by Landlord to any assignment of this Lease or ta any subiettiing af <br />t�e Premises shall r�ot be a waiver of Landlard's rights under this Art�cle as to any <br />subsequent assignment ar subletring. <br />(e) Any sale, assignment, mortgage, transfer, or subl�tting of this Lease which is not in <br />compliance wit� the pravisions of this Article shall be of no effect and void. �andlord's right <br />to assign its intarest in this Lease shall r�main unqualified. Landlorcf may maE<e a reasonable <br />�1 <br />
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