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Northblock- Miscellaneous
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Last modified
9/19/2012 4:29:28 PM
Creation date
8/16/2011 3:27:15 PM
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Building
RecordID
10258
Title
Northblock- Miscellaneous
BLDG Date
1/1/1999
Building
Courthouse Square
BLDG Document Type
Project Coordination
Project ID
CS9801 Courthouse Square Construction
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the event of the change in the grade of the streets or avenues on which the Premises abuts, this Lease <br />and the Term shall not cease or terminate but shall remain in full force and effect with respect to the <br />portion of the Premises and of the Improvements not taken or condemned (any taking or <br />~~,, condemnation or change of grade of the kind described in this Section being referred to as a"Partial <br />Taking"), and in such event the total awazd or awards for the taking sha11 be apportioned and paid in the <br />following order of priority: <br />( a) Lessor shall have the right to and shall be entitled to receive directly from the <br />condemning authority, in its entirety and not subject to any trust, that portion of the award that equals <br />the Land Award, and neither Lessee nor any Permitted Leasehold Mortgagee shall be entitled to receive <br />any part of the award; and <br />(b) If at the time of such taking there is a First Leasehold Mortgage held hen <br />Lending Institution, then such Lending Institution, or, if there is no such First Leasehold Mortgage, <br />Lessee, shall have the right to and shall be entitled to receive directly from the condemning authority <br />the balance of the award, to be applied by the recipient as it shall deem appropriate. <br />16.4 In the event of a taking of all or a part of the Premises or the Improvements for <br />temporary use, this Lease shall continue without change, as between Lessor and Lessee, and Lessee shall <br />be entitled to the entire award made for such use; provided that Lessee shall be entitled to file and <br />prosecute any claim against the condemnor for damages and to recover the same, for any negligent use, <br />waste, or injury to the Premises or the Improvements throughout the balance of the then-current Term. <br />The amount of damages so recovered shall belong to Lessee. <br />16.5 In the event of any dispute between Lessee and Lessor with respect to any issue of fact <br />arising out of a taking mentioned in this section, such dispute shall be resolved by the same court in <br />which the condemnation action is brought, in such proceedings as may be appropriate for the <br />adjudicating the dispute. <br />5ection 17. Assignment and Subletting <br />~ 17.1 Except as expressly permitted under Section 17.2, Lessee shall not sell, assign, or in <br />any other manner transfer this Lease or any interest in this Lease or the estate of Lessee under this Lease <br />without the prior consent of Lessor, which consent shall not be unreasonably withheld or delayed. <br />17.2 Lessee shall have the right to sublet portions of the Premises or of the Improvements <br />at any time and from time to time, but only for a term or terms that shall expire before the expiration of <br />the Term, and provided that each such sublease shall be in writing and shall be subject and subordinate <br />to the rights of Lessor under this Lease. <br />17.3 When this Lease terminates, Lessor shall recognize and not disturb the quiet <br />enjoyment of any sublessee if (1) the sublease is then free from default; (2) the sublease is in all <br />material respects m the form of a sublease approved by Lessor and expires prior to the Term herein; (3) <br />the sublessee executes the attornment agreement described below in this section; and (4) the sublease <br />has a fair market rent. The Lease will be deemed to have a fair market rent if Lessee delivers to Lessor a <br />certificate of an independent real estate appraiser who is a member of the American Institute of <br />Appraisers, or other similar organization, contammg the appraiser's certification that the rent payable by <br />the sublessee under its sublease as of its date of execution, after taking into account any credits, offsets, <br />deductions, or concessions to which the sublessee may be entitled, constituted the then-fair rental value <br />of the subleased space. As a condition of Lessor's nondisturbance of the sublessee, the sublessee shall <br />deliver to Lessor an attornment agreement confirming that the sublessee will attorn to Lessor and <br />recognize it as the sublessee's lessor under the terms of the sublease. Upon such attornment and <br />satisfaction of the other nondisturbance requirements set forth above, the sublease shall continue in full <br />force and effect as a direct lease between the sublessee and Lessor on all the terms, conditions, and <br />covenants as are set forth in the sublease except that Lessor shall not (1) be liable for any previous act <br />or omission of the sublessor; (2) be subject to any offset, deficiency, or defense that shall have accrued <br />to the sublessee against the sublessor; (3) be bound by any modification of the sublease or by any <br />previous prepayment of more than one month's rent unless such modification or prepayment shall have <br />Ground Lease Courthouse Square <br />Page - 14 <br />
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