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Agmt04 cinema - closing docs
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Agmt04 cinema - closing docs
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Last modified
7/5/2005 2:27:38 PM
Creation date
12/6/2004 9:14:09 AM
Metadata
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Template:
Agreement
Contractor Name
numerous files
PROJECT NAME
Cinema - closing documents from escrow
RMP File Number
100 bin 24
Date
11/29/2004
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<br /> business, including, but not limited to, the exercise of all of the rights and remedies Landlprd has <br /> ,available under its· lease with such other tenant or occupant of the Center. Without limiting the <br /> foregoing, no later than thirty (30) days following the receipt of notice of the situation creating <br /> such loss, damage or destruction to Tenant's property or disturbance to Tenant's business, <br /> Landlord shall commence (and thereafter diligently prosecute to completion) reasonable <br /> measures to remedy such situation. <br /> Landlord's Work includes the creation of a "sound envelope" around the perimeter of the <br /> Premises in accordance with the performance specifications required to obtain a "THX <br /> Certification" for the Premises. Landlord covenants and agrees that the noise and sound levels <br /> emanating from any premises or facilities located in the Building and discernible in the Premises <br /> shall not exceed 50 decibels (measured from anywhere within the Premises). In the event that <br /> any noise sound or vibration emanating from other premises in the Building are discernible <br /> within the Premises in excess of 50 decibels, then for so long as the disruption continues Tenant <br /> 1, shall be entitled to pay Alternate Rent (only) in lieu of Rent otherwise due hereunder, in <br /> accordance with Section 4.7. The parties agree that, absent manifest error, the determination by' <br /> Salter and Associates, Acoustical Engineers, with regard to the compliance or non-compliance <br /> with the requirements of this paragraph shall be conclusive and binding on the parties. <br /> . Section 9.5 Failure to Maintain. If Landlord shall fail to maintain the Center in <br /> accordance with this Lease after notice to Landlord and the expiration of any applicable. cure <br /> period (and if no cure period is otherwise set forth herein, the expiration of a reasonable period <br /> of time after such noticc), and if such failurc materially interferes with the conduct of Tenant's <br /> business within the Premises or the use and enjoyment of the Common Areas by Tenant and <br /> Tenant's employees, patrons and invitees, Tenant shall be entitled to an equitable abatement of <br /> Annual Base Rent during the period of such failure, based on the reduction of Tenant's Gross <br /> Sales. In addition to the abatement, Tenant shall have the right to recover any other damages <br /> that it may suffer due to such failure. Any disputes between Landlord and Tenant as to the <br /> materiality of any failure to maintain or the amount of abatement of Base Rent shall be resolved <br /> pursuantto Section 18.5 below. <br /> Section 9.6 Repairs Generallv. Subject to Sections 7.5. 7.6 and 7.7, if damages to <br /> any of the items required to be maintained, repaired or replaced by either party hereunder are <br /> caused by the negligent or willful act or omission of the other party (or such other party's agents, <br /> contractors, servants or employees), or the breach of this Lease by the other party, then such <br /> other party shall be responsible for (and shall pay upon demand) the cost of repairing such <br /> damage. Except as expressly provided herein to the contrary, neither party shall be obligated <br /> pursuant to this Article 9 to make or pay for any repairs alterations, replacements or maintenance <br /> of any items or property installed by the other party. <br /> Section 9.7 Self-Help Rights Generallv. Notwithstanding anything to tlle contrary <br /> contained in this Article 9, neither Landlord nor Tenant shall exercise its so-called "self-help" <br /> rights under this Article 9 if the party responsible for the applicable maintenance or repair (or <br /> any person or entity acting on behalf of such party hereunder, including (without limitation) a <br /> mortgagee or other lender of such party) undertakes the required remedial action within the <br /> applicable time periods specified above and thereafter diligently prosecutes such remedial action <br /> to completion. Any notice from Tenant to Landlord hereunder shall. also be served upon each <br /> " <br /> 41 <br /> CHG02:3091375.v8 <br /> . . . -",......... <br />
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