8.1. SR 03-21-2016 - Laserfiche WebLink

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request, of the status of such negotiations. In the event an Event of Default exists, or events exist that would constitute an Event of Default with notice, the passage of time or both, Tenant shall have no rights under this paragraph. ARTICLE 13 CONDEMNATION 13.1 Restoration. (a) Except in the case of a Substantial Taking as set forth in Section 13.2, Tenant covenants and agrees that in the case of a portion of the Premises being taken or condemned as the result of the exercise of the power of eminent domain or by purchase in lieu of the exercise of the power of eminent domain ("Taking") occurring after the Commencement Date and before the Expiration Date, Tenant shall restore, repair, replace and rebuild the Premises as nearly as possible to its condition immediately prior to such Taking to the standards of equivalent buildings in the City, with such Tenant requested changes or alterations (made in conformity with Article 18 hereof) as may be reasonably acceptable to Landlord (to the extent that Landlord is entitled to approve such changes or alterations) or required by Applicable Laws. Such Restoration, as defined in Section 12. 1, including the cost of temporary repairs for the protection of the Premises, or any portion thereof, shall be carried on and completed in accordance with the provisions and conditions of this Section and Article 18 hereof and Applicable Laws. The Condemnation Award shall be paid to Landlord or, if required by the Mortgagee, to the Mortgagee, to be held in accordance with the terms of the Mortgage. Provided no Event of Default exists, the Condemnation Award shall be released by the Landlord or Mortgagee, as applicable, and applied to the payment of the cost of the Restoration, in accordance with the terms of Exhibit C attached hereto and incorporated herein (which may not be modified or amended without the prior written consent of Tenant). (b) Notwithstanding anything to the contrary herein contained, if the condemnation proceeds shall be insufficient to pay the entire cost of the Restoration, Tenant shall pay any deficiency. Upon completion of the Restoration, so long as this Lease has not been terminated by Tenant pursuant to Section 13.2, then Tenant shall be entitled to that portion of the proceeds from a Taking representing loss of use of the Property for the balance of the Term. Any other remaining proceeds from a Taking shall belong to Landlord. In the event of a Restoration by Tenant, Tenant's rights to said condemnation proceeds shall survive expiration of the Term. (c) Tenant shall have the limited right to seek in the Taking proceedings, and to receive, any award which may be made for damages to or compensation for Tenant's trade fixtures, equipment, personal property (none of which are a part of the Premises covered by this Lease) and for Tenant's relocation costs in connection therewith. (d) Tenant's right of possession under this Lease shall, upon taking of possession by the condemning authority, terminate as to the portion of the Premises so taken, but there shall be no diminution or abatement in Monthly Rent or in Tenant's other obligations hereunder unless Landlord receives such Rent from rent -loss insurance purchased by Tenant. 22