4-19-21 BOC Regular Meeting - Laserfiche WebLink

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leak, or release any hazardous substance in, on or under the Premises, except in compliance with all applicable environmental laws and other applicable federal, state and local laws, rules, regulations, ordinances and requirements, and Lessee shall hold Lessor harmless from any such use of the Property by Lessee or persons allowed on the Property by Lessee during the term hereof. 19. SUBORDINATION. Lessee agrees that the Lease is and shall remain subject and subordinate to and may be assigned as security for any and all mortgages or deeds of trust which may now or hereafter affect such leases of the Premises and to and for all renewals, modifications, consolidations, replacements and extensions thereof to the extent that such renewals, modifications, consolidations, replacements and extensions thereof do not materially affect Tenant's rights and obligations under this Lease. This cause shall be self-operative and no further instrument shall be necessary to effect such subordination; however, Lessee shall execute promptly and deliver to Lessor any such certificate or certificates in writing as Lessor or its lender may reasonably request evidencing the subordination of this Lease to,or the assignment of this Lease as,additional security for such ground lease,underlying lease,mortgage or deed of trust. 20. CONDEMNATION/CASUALTY. In the event the whole or any material part of the Premises shall be taken by eminent domain or in any manner for a public use, the Lessee may at its option,terminate this Lease,and all condemnation proceeds for the Premises shall be the property of the Lessor. If the whole or material part of the building or Premises shall be damaged by Fire or casualty which renders the Premises or any part of the Premises untenable in the reasonable opinion of Lessee,Lessee may elect: (a) to terminate this Lease as of the date of the fire or other casualty by notice to the Lessor within sixty(60)days after that date,or (b) require Lessor to proceed with all due diligence to repair, restore or rehabilitate the building and the Premises at Lessor's expense,in which latter event this Lease shall not terminate. In the event the Lease is not terminated pursuant to this provision,rent shall abate on a per diem basis during the period of untenantability. In the event of the termination of this Lease pursuant to this section, rent shall be apportioned on a per diem basis and paid to the date of the fire or other casualty. In the event that the Premises are partially damaged by fire or other casualty but are not made wholly untenantable, and Lessee shall elect to require Lessor to repair such damage, then rent shall:abate in proportion to the untenantability of the Premises during the period of restoration. Lessor shall have no obligations•toireplace or repair any property on the Leased Premises belonging to Lessee or to any one claiming through or under Lessee. PPAB 6118535v1