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Last modified
2/15/2008 11:30:25 AM
Creation date
2/15/2008 11:06:21 AM
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CM City Clerk-City Council
CM City Clerk-City Council - Document Type
Agreement
Document Date (6)
2/5/2008
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PERM
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Reso 2008-012
(Approved by)
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\City Clerk\City Council\Resolutions\2008
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failure or interruption of any utility service furnished to the <br />premises, and no such failure or interruption shall entitle <br />Tenant to terminate this Lease. - <br />ARTICLE 13. DEFAIILT <br />13.1 Default <br />__~__._~ <br />The occurrence of .any of the following-shall constitute <br />a material default and breasch of this Lease by Tenant. <br />a. Any failure by Tenant to pay rent or any other <br />monetary sums required. to be-paid hereunder, where such failure <br />continues for three (3) days after written notice thereof has <br />been given by Landlord to Tenant. <br />b. The abondonment or vacation of the premises by <br />Tenant. Failure to occupy and operate the :premises for ten (10) <br />consecutive days shall be deemed an abandonment or vacation. <br />c. A failure by Tenant to observe and perform any <br />other provision of this Lease to be observed or Performed by <br />Tenant, where such failure continues for thirty (3.0) days after <br />written notice thereof by Landlord to Tenant; provided, however, <br />that if the nature Af such default is such that it cannot be <br />reasonably cured within such thirty (30) day period, Tenant shall <br />not be deemed to be in default if Tenant shall within such period <br />commence such cure and thereafter diligently prosecute the same <br />to completion. <br />d. The making by Tenant of any general assignment or <br />general arrangement for. the benefit of creditors; the filing by <br />or against Tenant of a petition to have Tenant :adjudged bankrupt <br />or of a petition for reorgan za on or arrangemen un e <br />-17- <br />
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