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Agmt25 2215 Broadway RWC, LLC Fourth Amendment
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Agmt25 2215 Broadway RWC, LLC Fourth Amendment
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Last modified
3/6/2025 5:44:16 PM
Creation date
3/6/2025 5:43:45 PM
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Agreement
PROJECT NAME
Downtown Police Substation Lease
RMP File Number
304.5
Date
3/4/2025
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other party. In case of destruction, there shall be an abatement or reduction of rent, between the <br />date of destruction and the date of completion of restoration if restoration takes place, or the date <br />of termination if the Agreement is terminated, based on the extent to which the destruction actually <br />interferes with City's use of the Premises. <br />13. DEFAULT. <br />13.1. Events of Default. Where "default" is used in this Agreement, default refers to any <br />breach under this Agreement, however brief. Where a default continues for the period <br />specified below, it shall, at the other party's option, constitute an Event of Default giving <br />rise to the remedies set below. The occurrence of any of the following events may <br />constitute an "Event of Default:" <br />13.1.1. City's abandonment of or vacating the Premises for a period of thirty (3 0) <br />consecutive days; <br />13.1.2. Either party's failure to perform its covenants and obligations hereunder <br />where such failure continues for a period of 30 days. <br />13.2. Remedies. <br />13.2.1. Termination. In the event of the occurrence of any Event of Default, the <br />party claiming default shall have the right to give a written termination notice to <br />the other party and, on the date specified in such notice (which date shall be at least <br />two business days following the date of delivery of such notice), this Agreement <br />shall terminate unless on or before such date all arrears of Rent and all other sums <br />payable by City under this Agreement and all costs and expenses incurred by or on <br />behalf of Landlord hereunder shall have been paid by City and/or all other Events <br />of Default at the time existing shall have been fully remedied to the satisfaction of <br />the non -defaulting party. <br />13.2.2. Repossession. Following termination by Landlord, without prejudice to <br />other remedies Landlord may have, Landlord may (i) peaceably re-enter the <br />Premises upon voluntary surrender by City or remove City therefrom and any other <br />persons occupying the Premises, using such legal proceedings as may be available; <br />(ii) repossess the Premises or re -let the Premises or any part thereof for such term <br />(which may be for a term extending beyond the Term), at such rental and upon such <br />other terms and conditions as Landlord in Landlord's sole discretion shall <br />determine, with the right to make reasonable alterations and repairs to the Premises; <br />and (iii) remove all personal property therefrom. <br />13.3. Cumulative. Each right and remedy provided for herein or now or hereafter <br />existing at Law, in equity, by statute or otherwise shall be cumulative and shall not preclude <br />the exercise of any other rights or remedies provided for in this Agreement or now or <br />hereafter existing at Law or in equity, by statute or otherwise. No payment by City of a <br />lesser amount than the Rent nor any endorsement on any check or letter accompanying any <br />check or payment of Rent shall be deemed an accord and satisfaction of full payment of <br />Rent; and Landlord may accept such payment without prejudice to Landlord's right to <br />ATTY/DOCS-AGREEMENT/2021.024/POLICE SUBSTATION LEASE <br />REV: 02-03-2021 VR <br />Page 6 of 11 <br />
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