Agmt08 Lulus - Laserfiche WebLink

Browse Search

29.2 Lessee's Failure to Maintain Insurance. Lessee agrees that if Lessee does not maintain any insurance policy required under this Agreement or fails to pay any premiums when due, Lessor may, at its election, either terminate this Agreement, require that the Premises be immediately closed for business pending reinstatement of insurance by lessee, or obtain the necessary insurance and pay the premium and the repayment thereof shall be deemed to be additional rent due by the Lessee and payable on the next date upon which a payment of rent is due. 30. BUSINESS LICENSE 30.1 Prior to the opening date, Lessee must obtain a valid Redwood City Business License for the assigned Leased Area at Courthouse Square. 31. TERMINATION 31.1 Lessor may terminate this Agreement by giving written notice to Lessee at least thirty (3D) days prior to the intended termination date. 31.2 Opportunity to Cure Non-Monetary Breach./ Lessor's notice to terminate must state the non-monetary terms that the Lessee has breached, and must provide Lessor with 15 days to cure the breach. If the. breach cannot be cured within 15 days, the Lessee shall notify the Lessor of the reasons why the breach cannot be cured within the 15 day period, and shall propose a specific plan and schedule to cure the breach. The cure proposed by the Lessee must be diligently pursued to completion. 31.3 Opportunity to Cure Monetary Breach. If Lessee's breach involves the non- payment of rent or other charges, Lessor's notice to terminate must state the receivables due and must provide Lessee with 5 days to cure the breach. 31.4 If Lessee terminates this Agreement prior to the expiration of the current Lease term, Lessee shall be responsible for rent for the remainder of the Lease term. 32. ABANDONMENT AND NOTICE 32.1 Lessee shall not vacant or abandon the Leased Premise at any time during the term hereof; and if Lessee shall abandon, vacate or surrender the Leased Premises, or be dispossessed by process of law or otherwise, it shall be a material default under this Agreement. The term "abandoned" as used herein means vacation of the Leased Premises by Lessee or any sublessee or assignee of Lessee for a period of more than six (6) consewtive normal business days. 32.2 The Premises shall be deemed abandoned by the Lessee, within the meaning of Civil Code Section 1951.2, and the lease shall terminate, if the Lessor gives written notice of his or her belief of abandonment, as provided in Civil Code Section 1951.3, and the Lessee fails to give the Lessor written notice, before the date of termination specified in the Lessor's notice, stating that he or she does not intend to abandon the real property, and stating an address at which the Lessee may be served by certified mail in any action for unlawful detainer of the Premises. 32.3 The Lessor's notice of belief of abandonment shall be personally delivered to the Atty/AgrI2008.033 18 050508