Ordinance 2024-612 - Laserfiche WebLink

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DocuSign Envelope ID: 2F824D49-F88D-4ED1-8861-25C6564470E2 EXECUTION COPY written notice of such assignment or sublease to a Permitted Transferee within thirty (30) days of its completion. Any Permitted Transferee shall assume in writing all of LESSEE's obligations under this Lease. ARTICLE 11. LESSOR'S REMEDIES 11.1 Remedies for Nonpayment of Rent or Additional Rent. LESSOR has the same remedies for LESSEE's failure to pay rent as LESSEE's failure to pay additional rent. 11.2 Accord and Satisfaction. If LESSEE pays or LESSOR receives an amount that is less than the amount stipulated to be paid under any Lease provision, that payment is considered to be made only on account of an earlier payment of that stipulated amount. No endorsement or statement on any check or letter may be deemed an accord and satisfaction. LESSOR may accept any check or payment without prejudice to LESSOR's right to recover the balance due or to pursue any other available remedy. 11.3 Abandonment of Leased Premises or Delinquency in Rent. If LESSEE abandons or vacates the Leased Premises before the end of the Lease Term (except for periods of damage, destruction, renovation, major repairs or force majeure outside of LESSEE's control), or if LESSEE is in arrears in rent or additional rent payments, LESSOR may cancel this Lease, subject to the notice and opportunity to cure provisions set forth in Section 11.4. Upon cancellation, LESSOR shall be entitled to peaceably enter the Leased Premises as LESSEE's agent to regain or relet the Leased Premises. LESSOR shall incur no liability for such entry. As LESSEE's agent, LESSOR may relet the Leased Premises with or without any improvements, fixtures or personal property that may be upon it, and the reletting may be made at such reasonable price, in such terms and for such duration as LESSOR determines and for which LESSOR receives rent. LESSOR shall apply any rent received from reletting to the payment of the rent due under this Lease. If, after deducting the expenses of reletting the Leased Premises, LESSOR does not realize the full rental provided under this Lease, LESSEE shall pay any deficiency. If LESSOR realizes more than the full rental, LESSOR shall pay the excess to LESSEE on LESSEE's demand, after deduction of the expenses of reletting. Notwithstanding the foregoing, LESSOR is not obligated to relet the Leased Premises and LESSOR may, if it so elects, merely regain possession of the Leased Premises. 11.4 Dispossession on Default; Notice and Opportunity to Cure. (a) If LESSEE defaults in the performance of any covenant or condition of this Lease, LESSOR may give LESSEE written notice of that default with sufficient specificity to allow LESSEE to identify the default. If LESSEE fails to cure a default in payment of rent or additional rent within twenty (20) days after written notice is given, LESSOR may terminate this Lease. For defaults other than nonpayment of rent or additional rent, LESSEE shall cure such default within twenty (20) days after written notice is given or within such greater period of time as specified in the notice; provided however, that if the nature of LESSEE's default is such that more than the specified period of time is reasonably required for its cure, then LESSEE shall not be deemed to be in default if LESSEE shall commence the cure of such default within said period of time and thereafter diligently prosecutes the same to completion. (a) If the default (other than for nonpayment of rent or additional rent) is of such a nature that it cannot be completely cured within time specified, LESSOR may terminate 19