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8.1. SR 03-21-2016
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8.1. SR 03-21-2016
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expenses of whatever nature arising out of or in connection with the <br />Expansion Area work or the entry of Tenant or Tenant's contractors into <br />the Building and the Premises, including without limitation, mechanic's <br />liens, the cost of any repairs to the Premises or Building necessitated by <br />activities of Tenant or Tenant's contractors, bodily injury to persons <br />(including, to the maximum extent provided by law, claims arising under <br />the Minnesota Structural Act) or damage to the property of Tenant, its <br />employees, agents, invitees, licensees or others. It is understood and <br />agreed that the foregoing indemnity shall be in addition to the insurance <br />requirements set forth above and shall not be in discharge of or in <br />substitution for same or any other indemnity or insurance provision of the <br />Lease. <br />(x) Notwithstanding anything to the contrary provided in this Section 26.4, <br />Tenant may not commence any construction or other on-site activities with <br />respect to the Expansion Improvements or other improvements unless and <br />until Tenant has obtained from Landlord and Mortgagee, the Landlord's <br />and Mortgagee's written approval of Tenant's proposed means of <br />financing all of the costs to be incurred by Tenant in connection with the <br />construction of the Expansion Improvements or other improvements under <br />this Section 26.4. Such approval will not be unreasonably withheld, <br />delayed or conditioned. Tenant will provide Landlord and Mortgagee <br />with written evidence of Tenant's financial ability to pay for the such <br />improvements in such form and containing such detail as is reasonably <br />acceptable to Landlord and Mortgagee. Such evidence may include, <br />without limitation, evidence of accounts containing available cash, letters <br />of credit, escrow accounts, binding financing commitments from third - <br />party lenders or guaranties of completion and payment from financially <br />responsible third parties. <br />(b) Notwithstanding any provision in the Lease to the contrary, in the event Tenant <br />proceeds under this Section 26.4 and completes construction of improvements in the Expansion <br />Area in accordance with the terms of this Section 26.4 (as evidenced by the issuance of a <br />certificate of occupancy for the Expansion Area improvements), Tenant shall have no obligations <br />to pay Monthly Rent, Additional Rent or any other charges whatsoever for the Expansion Area <br />for the remaining Term of the Lease, including any Extension Periods. The parties agree that the <br />foregoing provision relating to the waiver of rent payment for the Expansion Area upon Tenant's <br />construction of Expansion Area improvements is a material inducement for Tenant to enter into <br />this Lease. <br />(c) If any controversy or dispute between the parties hereto arises under Section <br />26.4(a)(i), either party may submit such controversy or dispute for arbitration to, and in <br />accordance with the Rules of the American Arbitration Association. All arbitration hearings will <br />be held in front of a single Arbitrator in Minneapolis, Minnesota. The Arbitrator must be an <br />architect or engineer, but may not be an affiliate of Landlord, Tenant or Mortgagee. The <br />Arbitrator will have the power to determine the form and content of the final plans as <br />contemplated under Section 26.4; provided, however, that the Arbitrator may not approve any <br />in <br />
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