SR 05:219 - Laserfiche WebLink

applied by the Lessee in a manner consistent with the applicable provision of Article V or this . Article. If the repairs and reconstruction made pursuant to this Section will exceed One Hundred Thousand Dollars ($ I 00,000), adjusted for inflation, Lessee shall obtain Lessor's written approval before making any such repairs or initiating any such reconstruction. The One Hundred Thousand Dollars ($100,000) shall be adjusted for inflation by increasing or decreasing said number by the percentage increase or decrease in the Consumer Price Index (as defined in 5.1 (e)(3)) from the date ofthis Lease to the date of the repairs and reconstruction performed pursuant to this Section. 6.3 T P~s.p'p., T ps,s.nr, T pnnp.N to hp. M~{if" P::::rrtlP:So in T f"e~l 'Prnr.pp:nines. (a) In the event proceedings shall be instituted: (i) for the exercise of the power of eminent domain, or (ii) as a result of any damage to or destruction of the Project, the Lessee, the Lessor, and any Lender with a then-outstanding Other Loan shall be made parties to those proceedings, and if not made parties by the petitioning party, shall be brought into the proceedings by appropriate proceedings of other parties so that adjudication may be made of the damages, if any, to be paid to the Lessee, the Lessor and the Lenders as compensation for loss of their rights in the Improvements or the Land, or for damage to or destruction of the Project. Should the Lessor or the Lessee receive notice of institution of any proceedings subject to Section 6.1, the Party receiving such notice shall notifY the other in accordance with Section 9.2 of this Lease, not later than thirty (30) days after receiving such notice. (b) . The Lessor and the Lessee shall cooperate and consult with each other in all matters pertaining to the settlement, compromise, arbitration, or adjustment of any and all claims and demands for damages on account of damage to or destruction of the Project, or for damages on account of the taking or condemnation of the Project, the Improvements or the Land. ARTICLE 7: A SSI JR A NrpS OF I PSSOR 7.] T pl;;.(;.nr tn Clivp: Pp:::I("':pfnl Pns.s.p.s,s.;cm The Lessor covenants that it owns in fee simple, and that it has good and marketable title to the Land and that the Land is free of all easements, covenants, conditions and restrictions except for those exceptions set forth in P"hihit r to this Lease. The Lessor has the full right and authority to make this Lease. The Lessor covenants and warrants that the Lessee and its Residents shall have, hold and enjoy, during the Lease Term, peaceful, quiet and undisputed possession of the Land leased without hindrance or molestation by or from anyone so long as the Lessee is not in default under this Lease. 7.2 1 p(;.lO:.nr to T P~::"'~P PrnjPr.t with M~rkpt!:lhlp Tltlp. The Lessor covenants and warrants that there are no outstanding liens and encumbrances on the Land, other than as shown on the preliminary title report from Chicago Title Insurance Company dated July 12, 200S. 7.3 Rplp~"p of T ps.Sonr 144\ 105\153233.23 24