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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 /> would materially and adversely interfere with the conduct of Tenant's business in the <br /> Premises for more than ninety (90) days, then this Lease may be terminated at Tenant's <br /> option upon written notice to Landlord within sixty (60) days of such casualty. <br /> (c) In the event that the Premises are damaged or destroyed to such an extent <br /> that Tenant cannot practicably operate its business therein and Landlord and Tenant in <br /> good faith reasonably determine that, due to factors beyond the reasonable control of <br /> Landlord or Tenant (such as, without limitation, a moratorium on the issuance of building <br /> permits or the unavailability of other required governmental approvals), such damage or <br /> destruction cannot reasonably be repaired within a period of two (2) years following the <br /> date of such damage or destruction (such determination to be resolved by arbitration in <br /> accordance with Section 18.5 if the parties are unable to agree within 30 days following <br /> the date of such damage or destruction), then Tenant shall have the right to terminate this <br /> Lease upon notice to Landlord within thirty (30) days after the date such determination is <br /> made. <br /> (d) Tenant waives any statutory rights of termination which may arise by <br /> reason of any partial or total destruction of the Premises, provided, however that such <br /> waiver shall not prejudice or otherwise affect Tenant's express termination rights <br /> hereunder. If (and only if) this Lease is terminated in accordance with this Section 16.3, <br /> then neither Landlord nor Tenant shall be obligated to undertake the applicable <br /> Restoration Work. <br /> (e) If this Lease is terminated in accordance with this Section 16.3, then <br /> Landlord shall pay to Tenant (from the insurance proceeds or otherwise), an amount <br /> equal to the unamortized cost of Tenant's Work, as shown on the books and records <br /> maintained by Tenant in accordance with GAAP and for federal income tax reporting <br /> purposes. <br /> Section 16.4 Tenant's Special Self-Help Riehts. If the Parking Facility or the <br /> Common Areas or other facilities within the Protected Area shown on the Site Plan attached <br /> hereto are damaged or destroyed in any manner that directly or indirectly materially interferes <br /> with the conduct of Tenant's business in the Premises and either (i) Landlord fails to commence <br /> Landlord's Restoration Work with respect thereto within sixty (60) days after the date of such <br /> damage or destruction or as soon thereafter as is reasonably practical or (ii) Landlord commences <br /> Landlord's Restoration Work with respect thereto but subsequently fails to prosecute the <br /> completion of Landlord's Restoration Work diligently, then unless Landlord commences or <br /> recommences the diligent prosecution of Landlord's Restoration Work within thirty (30) days <br /> after Tenant notifies Landlord (and each mortgagee of the Center to whom Tenant has been <br /> directed in writing to give notices of Landlord's default) of such failure: <br /> (a) such failure shall constitute a material default by Landlord hereunder, and <br /> (b) in addition to all other remedies available to Tenant as a consequence of <br /> such default, to the fullest extent permitted by Applicable Laws Tenant shall have the <br /> 54 <br /> CHG02:3091375.v8 <br /> . _.... --.. <br />
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