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2009_0209_Packet
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2009_0209_Packet
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�b� If thirty perc�nt (30%} of the area of the 8��ilciing or thirty percent (30%) of the value <br />of the Sf�aPping Cent�r Tract i:s ta�<en by erninent d'omait�, then, at L.andiord's option, by <br />written notic� to Tenant mailed with sixty (60} days (rort-� the da�e possession is taken, <br />Lar�dlard rriay terrninate the Lease effective or� a dat� wit�sir� ninety {90) days of the date <br />possessior� is tal<e�. <br />(c} �t�e term '"eminent domain" shall �nclud� €he exercise of any similar govemmental power <br />a�d any purchase for other acquisition in iieu of concfemnation. A!P ciamages awardec� for <br />any taking of the f.ee and feasehold iriterests shall beCnng �o and �e the property of <br />LandforcC, and Tenant hereby assigr�s any interest therein ta Landlord, if any, in such award. <br />Tenant shalf,: in any e�ent, have the rig#�t to prove in any proeeedings, and to receiv�, a <br />se�arate award for damag�s to Tenant for condemnatian of movable trade €ixtures and <br />�quipment and for relocation or moving expenses. <br />ArticEe 13: C7EFAULT 8Y TENANT AfVD RIGHTS OF LANDLORD <br />(a) Bankru�tcy or Insol�ency. Yenan� or Tenant's guarantor shall not cause or c�ive cause <br />for tt�e appaintment of a trustee or a receiver o� the assets of Tenant or �`enarit's <br />guarantor, if any, and shall �ot rnake any assigr�m�nt for the benefit of creditors, or be <br />adjudicated irisofvent. The allowance af arty petition under any insolvency law except under <br />the U. S. Federal Bankruptcy Code I�� the appointrrent af a trustee or receiver of l�enant or <br />Tes�ant's guarantor, if any, or of the assets o� either of thern, sh�ll be conclusi�� of the <br />evidenc� af the �etit3on, by �he apposn.t�erit oF a trusCee or receiver uniess sarne is vacated <br />vvithin thirty (30) days after such an allowance or appaintment. Any act descriE�ed in t.hi� <br />section shall be deemed in material breach o� Tenaat's a�lfr�ations hereunder and this Lease <br />shail thereon automatically terminate. La:ndlard daes, in addition; reserve a�y and aPl other <br />rem:edies provfc�ed in this I��s� or in the law. <br />(i) Upo� fili�g of a�etiCion by or ac�ainst 7ena�t tcnd�r t�e �J'. S. Federa! <br />Bankruptcy Cad:e, Tenant, as debtar ir� �ossession, a�d any trustee who may be appornCed <br />agree as follaws: {A) tc� perform each and e�ery abli�ation of 7�r�ant unde� this Lease <br />induding, but not li�nited to, t�e manner of "operaCions" as r3ro�id�d on the DA�A $HEET and <br />in Article 1 of this �.ease un�ii sucF� time as this Lease is either rejected ar assumed by order <br />of the United 5tates Bankr�ptcy Court; anr� (B) to pay in acivance an the first day of each <br />mo�th as reasonable car�{aensat€on for use and occupancy of the Prerriises an amount ec�ual <br />to alf A�nual Minimurn Rent and Other Charges oC�ertivise d��e pursuant to this Le�se; ar�d {C) <br />to reject or assurt�e this Leas� with:in sixty (�0) ciays of ��e. filing of suci� petition under <br />Chapter 7 of the. Banl<�-uptcy Coc�e or within su.ch period as �he Landlord may reqi�est under <br />any other Chapter; and (D) to give the Lanc��ord at �east forty-five (45} days prior written <br />notice of any proceeding ref�tir�g tci any assumptioE� of �his Lease; aiid (E� to gi�e at least <br />thirty (30) cfays �rior written notice oF any abandonrnent of the Prernis�s, any s�rch <br />abar�donment Co b� deen�ed a rejection of this Lease; and (F} to do a�l other things of <br />benef�t to the LandEord ather�Nise r�qui:red ui�c#er thE Bankruptcy Code;: and (C} to be <br />d.eerr�ed to ha�e rejecred this Lease in the event of the f�ilure to comply wftt� any of the <br />a�ove; and (H) to be deEmeci to have consented ta the entry of an orcler by an appropr�ate <br />I3 <br />
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