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Minutes - 8-18-14 Recessed Meeting
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Minutes - 8-18-14 Recessed Meeting
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B K 00026 PG <br />garbage removal services and fees for his proportionate share of the Premises. Water and <br />Sewer service shall be made in the name of the Landlord, who shall bill each Tenant their <br />share of the cost based upon square footage. No service or other fees shall be added to <br />the actual cost of usage. <br />12. Possession. If Landlord is unable to deliver possession of the Premises on the date of <br />occupancy, or October 1, 2015, unless a further extension is agreed upon in writing by all <br />parties, but in no event later than December 31, 2015, Landlord shall not be liable for any <br />damages caused thereby, but this Lease shall be voidable at the option of Tenants. <br />Tenants shall not be liable for any rent until possession is delivered. <br />13. Insurance. Each Tenant shall, at its expense throughout the term of the lease, maintain <br />fire and extended coverage insurance for furniture, supplies and equipment. Tenants shall <br />maintain public liability insurance including bodily injury and property damage and <br />commercial general liability insurance on the premises. <br />Each Tenant shall provide Landlord with a Certificate of Insurance naming Landlord as <br />additional insured. The Certificate shall provide for a ten -day written notice to Landlord in <br />the event of cancellation or material change of coverage. <br />Landlord, at his expense, shall maintain insurance for the premises and building <br />improvements and shall provide Tenants with a Certificate of Insurance naming Tenants <br />as additional insured. The Certificate shall provide for a ten -day written notice to Tenants <br />in the event of cancellation or material change of coverage. <br />14. Signs. It is agreed that the Tenants may place or maintain in good condition and repair <br />any reasonable sign and may place or maintain in good condition and repair any <br />reasonable decoration, lettering or advertising matter on the glass of any window or door <br />of the Premises, in accordance with all applicable laws and regulations, with Landlord's <br />approval. <br />15. Destruction. If the Premises shall be damaged by the elements, unavoidable accident, or <br />other casualty, but are not thereby rendered untenantable in the whole or in part, Landlord <br />shall repair the damage and rent shall not be abated; however, if such damage is caused <br />by fire, which renders the Premises untenantable, Tenants, at their option, may cancel the <br />lease and no further rent shall be due. If the Premises are rendered untenantable only in <br />part, Landlord shall repair the damage with reasonable diligence, and the rent shall be <br />abated proportionately as to the portion of the Premises rendered untenantable until such <br />time as the Landlord restores such Premises to their renovated state as of the date of <br />commencement in paragraph one (1) of this Lease. <br />16. Condemnation. In the event eminent domain proceedings result in a taking of the <br />Premises or the Building by any party, the Lease shall immediately terminate, no further <br />rent shall be due, and Tenants shall have 90 days to vacate. <br />17. Waste. Tenants shall not commit or suffer to be committed any waste upon the Premises <br />or any nuisance or other act or thing which may disturb the quiet enjoyment of any other <br />Tenant in the building or any person adjacent to the property of which the Premises are a <br />part. <br />
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