2000_0724_packet - Laserfiche WebLink

Home

stated above. If at any time during the term of this Agreement title to the whole or materially all of the leased premises or improvements shall be taken by the exercise of the right of condemnation or eminent domain or as otherwise provided above, this Agreement shall terminate and expire on the date of such taking. Tenant shall, in all respects, keep, observe and perform all the terms, covenants, agreements, provisions, conditions and limitations of this Agreement on Tenant's part to be kept, observed and performed up to the date of such taking. For purposes of this section, materially all of the improvements shall be deemed to have been taken if the portion not so taken cannot be so repaired or reconstructed as to constitute a complete structure capable of being operated as required by the terms and conditions of this Agreement. If at any time during the term of this Agreement title to less than the whole or materially all of the leased premises and/or improvements shall be taken, as aforesaid, this Agreement shall continue and Tenant shall promptly, except for unavoidable delays, at Tenant's expense, restore the improvements to the extent as nearly as possible to the condition and character immediately prior to such partial taking. All of the compensation collected by Tenant pursuant to this section shall be applied and paid over toward the cost of demolition, repair and restoration of such partial taking, substantially in the same manner and subject to the same conditions as those provided in the section of this Agreement with respect to insurance and other monies. Any balance of the award or other compensation for such partial taking of the improvements remaining after payment of such costs of demolition, repair and restoration, as aforesaid, shall be paid over to Tenant. 18. DEFAULT. If Tenant shall default in its performance of or compliance with any of the terms, covenants and agreements under this Lease and such default shall continue for a