Laserfiche WebLink
Twenty (120) days within which to make a decision to require the <br />Lessor to reconstruct the demised premises. In the event the <br />Lessee instructs the Lessor to reconstruct the demised premises, <br />with the said available insurance proceeds, Lessee shall be <br />responsible and pay over to the Lessor the difference between the <br />amount of the insurance proceeds and the actual cost of reconstruct- <br />ion. Such payments shall be made monthly on a prorata basis over <br />the estimated amount of time for reconstruction. In the event <br />a dispute arises between the parties as to the amount of insurance <br />proceeds available for reconstruction of the demised premises, <br />the parties agree that the dispute shall be determined by a panel <br />of three arbiters in accord with the rules of arbitration of <br />American Arbitration Association and in such event the time re- <br />quirements for the Lessee to make its determination to proceed <br />with reconstruction shall commence as of the date of the rendering <br />of the arbitrators' award. In the event the Lessee elects not <br />to reconstruct within the time frame set forth, then this Lease <br />shall be null and void. At any time during the time of this <br />Lease that the demised premises is wholly or partially untenantable, <br />the Lessor shall, in addition to the other covenants herein, <br />use its best efforts to make space available to the Lessee in <br />which to conduct its business, whether within the building, <br />Exhibit "A" or in other facilities of the Lessor which might <br />be utilized for such purpose. <br />12. It is further agreed that the Lessor's failure to <br />strictly enforce any of the terms or provisions hereof shall not <br />be deemed to be a waiver as to any subsequent breach of any <br />covenant, term, agreement .'or condition herein contained. <br />13. At the end of the term of this Lease, or in the <br />event the option to renew is exercised, at the expiration of <br />the term of the option, Lessee shall quietly and peaceably deliver <br />up the said premises to the Lessor in the same repair and condition <br />in which they were received, ordinary wear and tear excepted. <br />14. The obligations of the Lessee herein are subject to <br />-5- BOOK `f3 PAi�E,.t <br />1. <br />JUN 41980 <br />