2005 - 01-26-05 Regular Meeting - Laserfiche WebLink

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B;,0\ tit; FIDE ti4 3 assume all obligations of the Lessee created by this Lease Agreement. The Lessee may assign or sublease the Premises to any other entity for any other purpose upon the written permission of the Lessor, such permission not to be unreasonably withheld. (e) Parking Area. Lessor hereby represents, warrants, covenants, and agrees that Lessee shall have free-non-exclusive rights to the Parking Area. "Parking Area" shall mean that portion of property adjacent to the Premises which contains spaces for the parking of motor vehicles. 5. Implementation of Indemnification. For the purposes of implementing the foregoing agreements to indemnify each other, the parties agree: (a) if any claim, demand, or liability arises in respect to which a party is entitled to indemnification, such party shall promptly notify the other party in writing of the claim, demand, or liability, and shall give the other party all relevant information in respect to the claim. The other party shall then undertake to defend or settle the claim, and all monies expended in the defense for settlement, together with costs, expenses, and attorneys' fees, shall be paid by the other party. (b) If for some reason the other party is unable to defend the claim, demand or liability, the other party shall notify the party of the inability in writing, and the party shall be required to defend or settle the claim diligently and as effectively as it can. Any money required for the defense or settlement, together with all costs, expenses, and attorneys' fees, shall be promptly paid by the other party. If prompt payment is not made by the other party, then the party shall have the right to make the payment and require the other party to pay the party the amount paid plus interest at eight (8%) percent per annum on any amounts that the other party does not pay. The interest shall accrue on any amounts that are not reimbursed until the party has been fully reimbursed for all the money paid. 6. Fire or Other Unavoidable Casualty. In the event the Premises or any part thereof shall at any time during the Term of this Lease be destroyed or damaged by fire or other unavoidable casualty so as to be unfit for occupancy and use, this Lease shall abate until the Premises can be rebuilt; provided, however, if Lessee continues to operate its practice out of the Premises, this Lease shall continue in full force, operation and effect. 7. Right of Re-entry. If Lessee shall neglect or fail to perform any of its covenants, and in particular, if any installment of rent is overdue and unpaid for fifleen (15) days, Lessor may, after thirty (30) days' written notice, enter into the Premises and terminate the Lease. 8. Maintaining Insurance. Lessor shall secure and maintain property, casualty and fire insurance coverage for the Premises from an insurance carrier which has obtained an A+ rating, or from any other carrier satisfactory to the Lessee. Said insurance coverage shall remain in effect through the termination of the lease term. Lessee hereby 6