Ordinance 2024-612 - Laserfiche WebLink

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DocuSign Envelope ID: 2F824D49-F88D-4ED1-B861-25C6564470E2 EXECUTION COPY this Lease only if LESSEE fails to proceed with reasonable diligence and in good faith to cure the default. Thereafter, if LESSEE fails to proceed with reasonable diligence and in good faith to cure the default, termination of this Lease may occur only after LESSOR gives not less than an additional ten (10) days' advance notice to LESSEE. On the date specified in the notice, the term of this Lease will end, and, LESSEE shall quit and surrender the Leased Premises to LESSOR, except that LESSEE will remain liable as provided under this Lease. (b) Upon termination of the Lease, LESSOR may peaceably re-enter the Leased Premises without notice to dispossess LESSEE, any legal representative of LESSEE, or any other occupant of the Leased Premises. LESSOR may retain possession through summary proceedings or otherwise and LESSOR shall then hold the Leased Premises as if this Lease had not been made. 11.5 Damages on Default. If LESSOR retakes possession under Section 11.4, LESSOR shall have the following rights: (a) LESSOR shall be entitled to any rent and additional rent that is due and unpaid, and those payments will become due immediately, and will be paid up to the time of the re-entry, dispossession, or expiration, plus any expenses (including, but not limited to attorneys' fees, brokerage fees, advertising, administrative time, labor, etc.) that LESSOR incurs in returning the Leased Premises to good order and/or preparing it for re -rental, if LESSOR elects to re -rent, plus interest on rent and additional rent when due at the rate of twelve (12.0%) percent per annum. (b) LESSOR shall be entitled, but is not obligated, to re -let all or any part of the Leased Premises in LESSOR's name or otherwise, for any duration, on any terms, including but not limited to any provisions for concessions or free rent, or for any amount of rent that is higher than that in this Lease. (c) LESSOR's election to not re -let all or any part of the Leased Premises shall not release or affect LESSEE's liability for damages. Any suit that LESSOR brings to collect the amount of the deficiency for any rental period will not prejudice in any way LESSOR's rights to collect the deficiency for any subsequent rental period by a similar proceeding. In putting the Leased Premises in good order or in preparing it for re -rental, LESSOR may alter, repair, replace, landscape of decorate any part of the Leased Premises in any way that LESSOR considers advisable and necessary to re -let the Leased Premises. LESSOR's alteration, repair, replacement, landscape or decoration will not release LESSEE from liability under this Lease. (d) LESSOR is not liable in any way for failure to re -let the Leased Premises, or if the Leased Premises are re -let, for failure to collect the rent under the re -letting. LESSEE will not receive any excess of the net rents collected from re -letting over the sums payable by LESSEE to LESSOR under this Section. 11.6 Insolvency or Bankruptcy. Subject to the provisions hereof respecting severability, should LESSEE at any time during the Lease Term suffer or permit the appointment of a receiver to take possession of all or substantially all of the assets of LESSEE, or an assignment of LESSEE for the benefit of creditors, or any action taken or suffered by LESSEE under any insolvency, bankruptcy, or reorganization act, such action shall at LESSOR's option, constitute a breach and default of this Lease by LESSEE and LESSEE agrees to provide adequate protection and adequate assurance of future performance to the LESSOR which will include, but not be limited to the following: 20