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02-11-2021 SPECIAL JOINT FINANCE COMMITTEE PACKET
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02-11-2021 SPECIAL JOINT FINANCE COMMITTEE PACKET
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3 <br /> <br />“Repairs” and when used in this Article, “Repairs” shall include all necessary and <br />appropriate replacements, resurfacing, renewals, alterations, additions and betterments, <br />whether capital improvements or otherwise, using new materials therefor, but Tenant <br />shall not be required to make any Repair which would be in excess of those which a <br />reasonable and prudent owner would make under the circumstances, in light of <br />investments made in and construction of the Building Addition and the care and <br />maintenance of buildings of comparable type, quality, age and size in the City. All <br />Repairs made by Tenant shall be, to the extent reasonably possible, at least equal in <br />quality to the original work performed in constructing the Building and/or the Building <br />Addition, as the case may be. In the event of any Repairs, Tenant shall first provide <br />Landlord with notice and with drawings sufficient for Landlord to review and approve <br />the proposed Repairs, which approval shall not be unreasonably withheld or delayed; <br />provided, however, no approval by Landlord is required for routine and ordinary Repairs <br />and maintenance the cost of which is $100,000 or less, for which plans are not <br />customarily prepared, which is not structural in nature and which is not visible from the <br />exterior of the Premises. Further, no prior approval of Landlord is required for any <br />emergency Repairs (but telephonic or email notice to Landlord’s Regional Manager shall <br />be made as soon as is practical). For all Repairs and all changes and alterations under <br />Article 18, following substantial completion and upon request of Landlord, (i) Tenant, at <br />Tenant’s cost, shall ensure that all available warranties are partially assigned to Landlord, <br />(ii) Tenant must provide Landlord with full and final lien waivers from all contractors <br />and material suppliers, and (iii) Landlord may inspect the Repair, alteration or change to <br />ensure it was made consistent with this Lease (and may also do so during construction <br />and execution of the Repair, change or alteration). All Repairs made by Tenant shall be <br />made in accordance with all Applicable Laws.” <br /> <br />9. Condemnation/Casualty <br /> <br />a. Notwithstanding anything in the Lease to the contrary, in the event of a Substantial <br />Casualty or Substantial Taking affecting the Original Building prior to the Building <br />Addition Commencement Date, Tenant shall be required to cause the Restoration of <br />the Premises in accordance with Sections 12.2(b)(ii) and 13.2(b)(ii), respectively, to <br />the condition required under the Lease, as modified by the Final Plans described in <br />Exhibit B to accommodate the Building Addition Work. <br /> <br />b. In the event of casualty or condemnation affecting the Building Addition prior to the <br />Building Addition Commencement Date, Landlord shall cause the Building Addition <br />to be restored and substantially completed pursuant to the Final Plans and in <br />accordance with Exhibit B. The amount of any insurance deductible in connection <br />with such Restoration shall be paid from the Tenant Allowance or from the Over- <br />Allowance Amount, and to the extent the cost of such Restoration exceeds available <br />insurance proceeds, Tenant shall pay such amount to Landlord within ten (10) days <br />of written demand therefor. <br /> <br />c. Section (a)(ii) of Exhibit E to the Lease is hereby amended and restated as follows: <br /> <br />“(ii) all amounts paid by, incurred by or owing to Landlord in connection with the <br />construction of the Building Addition pursuant to the Second Amendment to Lease, <br />including, without limitation, the Tenant Allowance;” <br /> <br />10. Changes and Alterations. Section 18.1(d) of the Lease is hereby amended and restated <br />as follows:
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