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Reso 2005-787
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Reso 2005-787
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Last modified
2/10/2016 3:13:42 PM
Creation date
1/25/2006 1:57:53 PM
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CityClerk-Resolutions
Resolution Type
Resolution
Resolution Number
2005-787
Date (mm/dd/yyyy)
04/14/2005
Description
Lease Agmt w/Vanguard Car Rental USA, Inc (1st Addendum)
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<br />LIABLE TO LANDLORD FOR ANY INDIRECT, SPECIAL OR CONSEQUENTIAL DAMAGES. <br />LOST PROFITS. LOST REVENUES, LOSS OF USE, OR PUNITIVE DAMAGES SUFFERED <br />BY LANDLORD FROM WHATEVER CAUSE, EVEN IF THE TENANT HAS BEEN ADV1SED <br />OF THE POSSIBILITY OF SUCH DAMAGES. <br /> <br />C. Landlord's Ri~ht to Cure Tenant's Default. If Tenant shall fail to make any <br />payment or to perform any act required to be made or performed under this Lease, and to cure the <br />same within the relevant lime periods provided in this Paragraph 20, Landlord, after thirty (30) days <br />notice to and demand upon Tenant, and without waiving or releasing any obligation or default, may <br />(but shall be under no obligation to) at any time thereafter make such payment or perform such act <br />for the account and the expense of Tenant, and may, to the extent permitted by Jaw, enter upon the <br />Premises for such purpose and take aJI such action thereon as, in Landlord's opinion, may be <br />necessary or appropriate therefor; provided that, should Landlord reasonably determine that the <br />giving of such notice would risk loss to the Premises or cause damage to Landlord, then Landlord <br />shaJl give such wrinen notice as is practicaJ under the circumstances. No such entry shall be deemed <br />an eviction of Tenant or termination of this Lease. All sums so paid by Landlord and all costs and <br />expenses (Including. without limitation. reasonable attorneys' fees and cosls (whether incurred at any <br />investigative, administrative, trial or appellate level, in each case, to the extent permitted by law) so <br />incurred, together with a late charge (to the extent permitted by law) at the Default Interest Rate from <br />the date on which such sums or expenses are paid or incurred by Landlord, shall be paid by Tenant <br />to Landlord on demand. The obligations of the Tenant and the rights of the Landlord contained in <br />this Paragraph shall survive the expiration or earlier termination of this Lease. <br /> <br />D. Defaults Bv Landlord. If Landlord should be in default in the perfonnance <br />of any of its obligations under this Lease, which default continues for a period of more than thiny <br />(30) days after receipt of written notice from Tenant specifying such default, or if such default is of <br />a nature to require more than thirty (30) days for remedy and continues beyond the time reasonably <br />necessary to cure (and Landlord has not undertaken procedures to cure the default within such thirty <br />(30) day period and diligently pursued such efforts to complete such cure), Tenant may, upon written <br />notice to Landlord, (a) incur any expense necessary to perform the obligation of Landlord specified <br />in such notice and Land'lord shall promptly reimburse Tenant for such expense, provided no such <br />expense may be deducted from the Rent or other charges due 10 Landlord pursuant to this Lease, it <br />being understood by Tenant that all Rent and other charges due to Landlord pursuant to this Lease <br />shall be paid to Landlord without notice, offset, deduction or set-off whatsoever, or (b) if such <br />default materially affecls Tenant's ability to use the Premises as it exists on the Convnencement Date <br />and Tenant is unabIe to cure such default after using diligent effort, Tenant may terminate this Lease. <br /> <br />E. No Waiver. No waiver by Landlord of any violation or breach of any of the <br />terms, provisions and covenants herein contained shall be deemed or construed to constitute a waiver <br />of any other or later violation or breach of the same or any other of the terms, provisions, and <br />coven ants herein contained. Delay by Landlord in enforcement of one or more of the remedies <br />herein provided upon an event of default shall not be deemed or construed to constitute a waiver of <br />such default. The acceprance of any Rent hereunder by Landlord following the occurrence of any <br /> <br />M1A95101171248.1 <br /> <br />22 <br /> <br />SiB <br />
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