8.1. SR 03-21-2016 - Laserfiche WebLink

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the option set forth in Section 13.2(b)(ii) above and in such case Tenant's offer to purchase the Premises for the Purchase Price shall be deemed withdrawn and of no further force or effect. If Tenant does not elect the option set forth in Section 13.2(b)(ii) within such thirty (30) -day period, then this Lease shall terminate on the first day of the next month which is at least thirty (30) days after Landlord rejects the offer and Tenant shall vacate the Premises, and return it in the condition required by the Lease, subject to the Taking, by said date. If Landlord rejects Tenant's offer to purchase pursuant to this Section 13.2(c), and Tenant elects to terminate this Lease pursuant to this Section 13.2(c), then, notwithstanding any provision of this Lease to the contrary, all condemnation proceeds payable due to the Substantial Taking shall be paid to Mortgagee and Landlord, in that order. If this Lease is so terminated, Tenant shall pay to Landlord all Rent due as of the date that the termination is effective, plus any prepayment penalty incurred by Landlord with respect to prepayment of the Mortgage pursuant to the terms thereof. If Tenant's offer to purchase is accepted, closing will be on a date selected by Landlord no less than thirty (30) days or more than sixty (60) days from Landlord's acceptance. The purchase by Tenant shall be closed in accordance with the purchase procedure set forth in Article 21. Notwithstanding the foregoing, no rejection of Tenant's offer (or deemed offer) to purchase the Premises shall be effective unless such offer shall also be rejected by Mortgagee. If Landlord has not rejected or accepted Tenant's offer by the eightieth (80th) day after Tenant's offer, Tenant may submit a second notice to Landlord and Mortgagee specifying, in bold face, that Landlord's silence at the end of the 90 day period shall be deemed to be acceptance of Tenant's offer. (d) 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 and personal property (which is not a part of the Premises covered by this Lease) and for Tenant's relocation costs in connection therewith. (e) This Lease shall terminate upon taking of possession by the condemning authority with respect to the portion of the Premises taken, and the Monthly Rent shall be equitably adjusted based on the portion of the Premises taken. The parties agree to negotiate in good faith regarding such adjustment. 13.3 Abatement of Rent. Rent shall be abated on a reasonable basis as to that portion of the Premises rendered untenantable by a Taking. 13.4 Negotiations. In the event of a Taking, Landlord and its Mortgagee shall control all negotiations with the condemning authority at Landlord's sole cost and expense; provided, however, that Tenant may participate in all such negotiations, including being present at all meetings and participating in any conference calls. The parties will keep each other fully advised from time to time, and upon such party's 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. 24