11-10-1997 Council Packet - Laserfiche WebLink

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13(e) above. Landlord may assign this Agreement upon written notice to Tenant, subject to the assignee assuming all of Landlord ’s obligations herein, including but not limited to, those set forth in subparagraph 13(e) above. Notwithstanding anything to the contrary contained in this Agreement, Tenant may assign, mortgage, pledge, hypothecate or otherwise transfer without consent its interest in this Agreement to any financing entity, or agent on behalf of any financing entity to whom Tenant (i) has obligations for borrowed money or in respect of guaranties thereof, (ii) has obligations evidenced by bonds, debentures, notes or similar instruments, or (iii) has obligations under or with respect to letters of credit, bankers acceptances and similar facilities or in respect of guaranties thereof 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 Antenna-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 Landlord ’s reasonable approval as to location. 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, 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 any costs or expenses incurred by Tenant in moving/removing its equipment, personal property. Antenna Facilities, and leasehold improvements. 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. 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 082/22148276 11/7/97