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Agmt05 Provident Credit Union
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Agmt05 Provident Credit Union
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Last modified
1/3/2006 10:58:54 AM
Creation date
1/3/2006 10:54:18 AM
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Template:
Agreement
Contractor Name
Provident Credit Union
PROJECT NAME
lease - expires August 31 2010
RMP File Number
304
Date
9/1/2005
MO Ref
05-185
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<br />Tenant, or until Tenant again uses the Premises or the part rendered unusable, <br />whichever first occurs. Landlord shall not be liable for any inconvenience or <br /> <br />annoyance to Tenant or its visitors or injury to Tenant's business resulting in any <br /> <br />way from such damage or the repair thereof. <br />6.1.3 Tenant's Property. Notwithstanding anything else in <br /> <br />Section 6.1, Landlord shall not be obligated to repair or restore damage to <br />Tenant's trade fixtures, furniture, equipment, or other personal property. <br /> <br />6.1.4 Damage to Building. Landlord may cancel this Lease in <br /> <br />any of the following situations: <br /> <br />(a) <br /> <br />more than forty percent (40%) of the Building is <br /> <br />damaged and Landlord decides not to repair and restore the Building; <br /> <br />(b) <br /> <br />any mortgagee, beneficiary of a deed of trust, ground <br /> <br />lessor, or holder of any security interest in the Property or the Building ("Holder") <br />shall not allow all available insurance proceeds to be applied to repair and <br /> <br />restoration; <br /> <br />(c) <br /> <br />the damage is not covered by Landlord's insurance <br /> <br />required under Article 5; or <br /> <br />(d) <br />(e) <br /> <br />the Lease is in the last twelve (12) months of its Term. <br /> <br />In order to exercise its right of cancellation hereunder, <br /> <br />landlord must give notice to Tenant within sixty (60) days after Landlord knows <br />of the damage. The notice must specify the cancellation date, which shall be at <br /> <br />least sixty (60) but not more than one hundred eighty (180) days after the date <br /> <br />notice is given. <br /> <br />6.1.5 Cancellation. If either Party cancels this Lease as <br />permitted under this Section 6.1 , then this Lease shall end on the day specified <br /> <br />in the cancellation notice. The Rent shall be payable up to the cancellation date <br /> <br />rj~ <br />
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