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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 /> (d) Environmental Hazard. If du ring the Term an Environmental Hazard <br /> caused by Landlord's Environmental Acts causes the Premises or any other part of the <br /> Center to be rendered untenantable, either in whole or in part, or materially and adversely <br /> affects Tenant's ability to operate its business in the Premises in the normal course, in <br /> Tenant's reasonable judgment (subject to Landlord's right to submit the matter to <br /> arbitration pursuant to Section 18.5, if Landlord disputes Tenant's determination), <br /> Landlord shall promptly eliminate the Environmental Hazard caused by Landlord's <br /> Environmental Acts and rebuild, repan or restore all affected buildings and <br /> improvements. If such condition of untenantability or inability to operate within the <br /> Premises (or to use the Parking Facility and other Common Areas as contemplated <br /> hereunder) continues for more than ninety (90) days following written notice from Tenant <br /> to Landlord (and to each Mortgagee) of the occurrence of the Environmental Hazard <br /> caused by Landlord's Environmental Acts, then until such untenantability or inability has <br /> ended, Tenant shall have the right to terminate this Lease by written notice to Landlord <br /> (and to each Mortgagee) at any time after such period, provided that Landlord does not <br /> cure the condition within fifteen (15) days after such written notice of termination from <br /> Tenant to Landlord and each Mortgagee. In the event that this Lease shall be terminated <br /> as a result of an Environmental Hazard caused by Landlord's Environmental Acts, if any <br /> Base Rent or other charge has been paid in advance, Landlord shall refund to Tenant all <br /> sums so paid for the period after the date of untenantability or inability to operate. During <br /> any period during which as the result of an Environmental Hazard caused by Landlord's <br /> Environmental Acts any part of the Premises is untenantable or Tenant is materially <br /> hindered from operating its business therein in the normal course of business the Base <br /> Rent and other charges payable hereunder shall be abated in proportion to the Net <br /> Leasable Floor Area of the Premises so affected. <br /> (e) General Representation. To the best of Landlord's knowledge and without <br /> independent investigation, as of the Effective Date there are no Hazardous Materials <br /> located within the Center in violation of Environmental Laws that could result in or are <br /> subject to any governmental action, except as specified in the environmental reports <br /> identified on Exhibit I attached hereto and made a part hereof (the "Environmental <br /> Reports"). <br /> Section 19.3 Effect of Termination. All liabilities of Landlord and Tenant, <br /> respectively, under this Article 19, accrued as of the date this Lease terminates, shall survive <br /> such termination. In the event that this Lease shall be terminated as a result of Environmental <br /> Hazard pursuant to Section 19 .2( d) or as a result of the interruption of utility service to the <br /> Premises in accordance with Section 8.2, Landlord shall promptly reimburse Tenant for the <br /> Unamortized Tenant Costs (defined below) as of the date of such termination. As used herein, <br /> the "Unamortized Tenant Costs" shall mean, as of the date in question, the unamortized costs of <br /> Tenant's Work performed and/or paid for by Tenant to the extent Tenant's Work remains upon <br /> the Premises and has not (and will not) be removed by Tenant thereafter, plus the unamortized <br /> portion of all other capitalized costs incurred by Tenant with respect to other permanent <br /> improvements constructed in connection with this Lease or the Premises to the extent such <br /> 67 <br /> CHG02:3091375.v8 <br /> . -.,.,......."...- <br />
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