7.3 SR 03-01-2021 - Laserfiche WebLink

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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 ninety (90) day period shall be deemed to be acceptance of Tenant's offer. 12.3 Abatement of Rent. Rent for the portion of the Premises rendered untenantable by casualty shall be abated on a reasonable basis from the date of casualty until the completion of the Restoration, but only to the extent that, and for the period that Landlord is paid an amount equal to the Monthly Rent and Additional Rent otherwise payable hereunder by Tenant's "Loss of Rents Insurance" maintained as provided in Section 6.] (a) above. If any portion of the Monthly Rent or Additional Rent required by the terms of this Lease is not paid by such Loss of Rents Insurance, then Tenant will remain liable and obligated to make such payments to Landlord, notwithstanding the damage, destruction or construction of the Restoration. 12.4 Negotiations. In the event of casualty, damage or destruction to the Premises during the Term, Landlord and its Mortgagee shall control all negotiations with such insurance carrier 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. 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 22