05-10-2021 Council Packet - Laserfiche WebLink

Home Browse Search

MIN NAVARRE i)has obligations for borrowed money or in respect of guaranties thereof, (ii)has obligations under or with respect to letters of credit, bankers acceptances and similar facilities or in respect of guaranties thereof. 18. Utility Service. Tenant agrees to timely pay for and install all required utility services and meters. Payment for electric and/or telephone service for Tenant's Communications Facilities shall be Tenant's responsibility without any adjustment to rent. The Landlord shall not be responsible for any damages which occur as a result of interruption of utility services. Installation of utility services are subject to City approval as to siting. 19. Condemnation. In the event the whole of the Leased Premises is taken by eminent domain, this Lease shall terminate as of the date title to the Leased Premises vests in the condemning authority. In event a portion of the Leased Premises is taken by eminent domain, and such taking materially interferes with the ability of either party to meet its obligations or exercise its rights under this Lease, either party shall have the right to terminate this Lease as of said date of title transfer, by giving thirty(30) days' written notice to the other party. In the event of any taking under the power of eminent domain, Tenant shall not be entitled to any portion of the reward paid for the taking and the Landlord shall receive full amount of such award. Tenant hereby expressly waives any right or claim to any portion thereof. Although all damages, whether awarded as compensation for diminution in value of the leasehold or to the fee of the Leased Premises, shall belong to Landlord, Tenant shall have the right to claim and recover from the condemning authority, but not from Landlord, such compensation as may be separately awarded or recoverable by Tenant on account of any and all damage to Tenant's business and Tenant Facilities and any costs or expenses incurred by Tenant in moving/removing its equipment, personal property, Communications Facilities, and leasehold improvements and Tenant shall receive the full amount of such reward. 20. Default. Except as expressly limited hereby, Landlord and Tenant shall have such remedies for the default of the other party hereto as may be provided at law or equity following written notice of such default and failure to cure the same within thirty(30) days. 21. Notices. All notices hereunder must be in writing and shall be deemed validly given if delivered personally or if sent by certified mail, return receipt requested, addressed as follows (or any other address that the party to be notified may have designated to the sender by like notice): If to Landlord, to: City of Orono P.O. Box 66 Crystal Bay, MN 55323 If to Tenant, to: Verizon Wireless Attn: Network Real Estate 180 Washington Valley Rd. Bedminster,NJ 07921 385866/3 14