My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
10-08-2001 Council Packet
Orono
>
City Council
>
2001
>
10-08-2001 Council Packet
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
2/9/2023 3:23:01 PM
Creation date
2/9/2023 3:21:16 PM
Metadata
Jump to thumbnail
< previous set
next set >
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
337
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
Show annotations
View images
View plain text
9.2 Termination . If an uncurcd Fveni of Default exists under this Lease, then <br />Landlord may, subject to Section 9.5 hereof, exercise one or more of the following remedies <br />in addition to any other rights and nrmedies provided at law or in equity: <br />(I) Landlord may terminate this Lease by written notice to Tenant and may <br />forthw ith repossess the Development and recover as damages the amounts <br />provided in Section 9.3, or <br />(2) Landlord may terminate Tenanfs right ofposse.ssion and repossess the <br />Development w ithout demand or notice of any kind and w ithout terminating <br />this 1 ease, in which event Landlord may (but wiU not be obligated to) relel all <br />or any part of the Development oi any part thereof for the account of Tenant <br />for such rent and upon such terms as Landlord deems advisable and may make <br />any changes, additions, improvements, redecorations and repairs to the <br />Development as Landlord deems advisable w ithout alTecting Tenant ’s liability <br />under this Lease. <br />9.3 Payments . If pursuant to Section 9.2 this Lease is terminated or Landlord <br />terminates Tenant ’s right of possession and repossesses the Development, Tenant shall pay to <br />Landlord on demand the sum of: <br />(1) all unpaid Rent ow ing at the time of lenninalion or repossession, as the <br />case may be. <br />(2) all expenses (together w ith interest thereon at a rate of twelve percent <br />(12%) per annum from the date paid by Landlord) incurred by Landlord in <br />terminating, a*possessing and reletting including but not limited to costs of <br />changes, additions, improvements, redecorations and repairs, brokerage and <br />legal fees, and the collection of Rent, and <br />(3) any deficiency between the Rent, when due in accordance with this <br />Lease, for the remainder of the Term and the pa\ ments, if any, received by <br />Landlord trom any reletting of the Development or portions thereof. <br />9.4 Injunctiv e Relief . If an uncured Lv ent of Default exists under this Lease, <br />Landlord shall have the right, in addition to any remedy available to Landlord under Section <br />9.2, to institute from time to time an action or actions for injunctive and or other equitable <br />relief. <br />9.5 Forbearance . If there is a Mortgage on Tenant ’s interest in this Lease or the <br />Development Property, Landlord will not terminate this Lease or fenant’s right of possession <br />of the Dev elopment Property pursuant to Section 9.2. if Holder or any purchaser or transferee <br />of Tenant ’s interest in this Lease or the Dev elopment by reason of foreclosure or other <br />proceedings or by deed or assignment in lieu of such proceedings (or an assignee ofllolder <br />• 1 <br />•n-
The URL can be used to link to this page
Your browser does not support the video tag.