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8G Consent 2011 0906
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8G Consent 2011 0906
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Last modified
9/9/2011 11:55:10 AM
Creation date
8/30/2011 3:22:56 PM
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CM City Clerk-City Council
CM City Clerk-City Council - Document Type
Staff Report
Document Date (6)
9/6/2011
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_CC Agenda 2011 0906
(Reference)
Path:
\City Clerk\City Council\Agenda Packets\2011\Packet 2011 0906
Reso 2011-153
(Reference)
Path:
\City Clerk\City Council\Resolutions\2011
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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. DEFAULT <br />13.1 Default <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 -of 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 reorganization or arrangement under any Taw <br />-17- <br />
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