5.4. SR 03-17-2008 - Laserfiche WebLink

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Tenant shall keep the building, other improvements, and land of which the leased premises are a part free and clear of all mechanics' liens resulting from construction done by or for Tenant. Tenant shall have the right to contest the correctness or the validity of any such lien if, immediately on demand by Landlord, Tenant procures an irrevocable letter of credit in favor of Landlord in an amount equal to one and one-half times the amount of the claim of the lien. 17. DESTRUCTION OF THE PREMISES. In case of, a total or such partial destruction of the leased premises by fire, the elements or othe~~ u~lty, as shall make it impracticable for Tenant's use, this Lease Agreement may kterminated at the option of either party on written notice to the other, and in that cas+ t shall not be liable for any rent after the date of Tenant's surrendering posses' n of`f~~ased premises. 1~. ~ tp 18. CONDEMNATION. In case of thell~~~jat~13Y such parti~~ , s of the leased premises through condemnation, as shall m it impracticable for is use, this Lease Agreement may be terminated at the c>~~Igf edhefsparty and in th` } °Se, Tenant shall not be liable for any rent after the date of s i ~rrrt~~t~,n. ,rl' 19. DEFAULT OF TENANT The occurreii~i,of any of the following shall constitute a material default and brea(¢~~,this Lease Ag dent by Tenant: a. Any failure by Te nt t8'~ nt or d'~t5y other monetary sums required to be paid er~li3d~~ ~,e such failure continues for tweet ~ ptt days after v~ ~tfen notice~~}iereof from Landlord to Tenant). b. ~+rtl~ g ab~ ~iment or v cation of the leased premises by Tenant. t ~~I, c. A fa _~rve and perform any other provision of this ~~[4{(~~~t ase emen ~~ ~ observed or performed by Tenant, where { fail ntinues for twenty (20) days afterwritten notice thereof b dlor° ~~r~ant; provided, however, that if the nature of such def~ g ' ~s suc at it cannot reasonably be cured within such twenty (20) ~perio'd, Tenant shall not be deemed to be in default if Tenant I~`It shall in such period commence such cure and thereafterdiligently '~='~~1~, prose. to the same to completion. d. 'making by Tenant of any general assignment or general ~anangement far the benefit of creditors; the filing by or against Tenant of a petition to have Tenant adjudged a bankrupt or a petition for reorganization or arrangement under any law relating to bankruptcy (unless, in the case of a petition filed against Tenant, the same is dismissed within ninety (90) days); the appointment of a trustee or receiver to take possession of substantially all of Tenant's assets located at the leased premises or of interest in this Lease Agreement, where possession is not restored to Tenant within sixty (60) days; or the attachment, execution or otherjudicial seizure of substantially all