COM 0145.000 2000-2002 - Laserfiche WebLink

Home

of being repaired within a reasonable time, Lessor shall elect within sixty (60) days to repair or rebuild the premises and shall do so as speedily as possible, and dunng the time that the repairs aze being made, the Lessee shall pay only such proportion of the rent as the area which it is legally and safely able to occupy and use during said restoration bears to the whole If the Lessor elects not to repair or rebuild, then the Lessee, at its sole option and decision, may terminate this Lease or continue this Lease as to that azea that it is legally and safely able to occupy and use, and pay as rent only that proportion of the rent as that azea bears to the whole l2. Renewal Option. Provided that the Lessee is not in default in the perfonnance of the terms and conditions of this Lease and this Lease is not terminated before the expiration of any teen hereof as provided herein, upon receipt by the Lessor of a written notice of exercise of option on or before sixty (60) days pnor to the termination of the twelve month period of this Lease, the Lessor agrees to renew this Lease under the same rent, terns and conditions for an additional period of four (4) years The Lessee shall also have the nght to renew for a second four-year penod, commencing upon the completion of the five year ]ease penod above, upon the same terms and conditions, except that the amount of monthly rent shall be mutually agreed upon by the parties within thirty (30) days of the expiration of the onginal five yeaz term of this Lease. 13 Binding on Successors• All the agreements, conditions and undertakings herein contained shall extend to, enure and be binding on the representatives, heirs, executors, administrators, successors and assigns of the respective parties hereto 14. Entire A¢reement This Lease constitutes the entire agreement and understanding between the parties hereto, and supersedes any pnor agreement and understanding relating to the subject matter of this Lease This Lease maybe modified or amended only by a duly authorized written instrument executed by the parties hereto. -5-