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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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relating to bankruptcy (unless, in the case of a petition filed <br />against Tenant the same is dismissed within sixty (60) days); the <br />appointment of a trustee or receiver to take possession of <br />substantially all of Tenant's assets, where possession is not <br />restored to Tenant within forty-five (¢5) days; or the <br />attachment, execution or other judicial seizure of substantially <br />all of Tenant's assets, where such seizure is not discharged <br />within thirty (30) days. <br />13.2 Landlord's Remedies <br />In the event of any material default or breach by <br />Tenant, Landlord may at any time thereafter, without limiting <br />Landlord in the exercise of\any right of remedy at law or in <br />equity which Landlord may have by reason of such default or <br />breach <br />a. Maintain this Lease in full force and effect and <br />recover the rent and other monetary charges as they become due, <br />without terminating Tenant's right to possession, irrespective of <br />whether Tenant shall have abandoned the premises. In the event <br />Landlord elects not to terminate the lease, Landlord shall have <br />the right to attempt to re-let the premises at such rent and upon <br />such conditions and for such a term, and to do all acts necessary <br />to maintain or preserve the premises as Landlord deems reasonable <br />and necessary without being deemed to have elected to terminate <br />the Lease, including removal of all persons and property from the <br />premises; such property may be removed and stored in a public <br />warehouse or elsewhere at the cost of and for the account of <br />Tenant. In the event any suc re- a ing occurs, is ease <br />-18- <br />
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