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2000_0710_packet
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2000_0710_packet
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5/8/2014 1:37:53 PM
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12/14/2009 1:50:31 PM
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Roseville City Council
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Council Agenda/Packets
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parties to each other of a proposed distribution, then any party may request arbitration as <br />hereinafter provided to establish the value of their respective interests under the value premise <br />stated above. <br />If at any time during the term of this Agreement title to the whole or materially all of the <br />leased premises or improvements shall be taken by the exercise of the right of condemnation or <br />eminent domain or as otherwise provided above, this Agreement shall terminate and expire on <br />the date of such taking. Tenant shall, in all respects, keep, observe and perform all the terms, <br />covenants, agreements, provisions, conditions and limitations of this Agreement on Tenant's part <br />to be kept, observed and performed up to the date of such taking. For purposes of this section, <br />materially all of the improvements shall be deemed to have been taken if the portion not so taken <br />cannot be so repaired or reconstructed as to constitute a complete structure capable of being <br />operated as required by the terms and conditions of this Agreement. <br />If at any time during the term of this Agreement title to less than the whole or materially <br />all of the leased premises and/or improvements shall be taken, as aforesaid, this Agreement shall <br />continue and Tenant shall promptly, except for unavoidable delays, at Tenant's expense, restore <br />the improvements to the extent as nearly as possible to the condition and character immediately <br />prior to such partial taking. All of the compensation collected by Tenant pursuant to this section <br />shall be applied and paid over toward the cost of demolition, repair and restoration of such <br />partial taking, substantially in the same manner and subject to the same conditions as those <br />provided in the section of this Agreement with respect to insurance and other monies. Any <br />balance of the award or other compensation for such partial taking of the improvements <br />remaining after payment of such costs of demolition, repair and restoration, as afores ��� al <br />paid over to Tenant. <br />,�� �i <br />.r��"�� <br />c.r `"� ��� <br />�� <br />
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